Festive, Free Automated Trading Bot Can Be Set Up in 10 Minutes

A cloud trading software platform argues the public has the chance to take advantage of volatility in the cryptocurrency marketplace through automated trading - "Maximizing their opportunities" and enabling their assets to appreciate.

Trade Santa says its cloud software platform is designed to automate simple strategies relied upon by thousands of traders around the world.

Its bot is free to use, and the company hopes to ensure capitalizing on fluctuations in cryptocurrencies doesn't need to be a full-time job.

The team behind the Santa Bot says it takes about 10 minutes to set it up and configure the user's desired trading parameters - such as pairings and profit targets.

At present, the Santa Bot supports six exchanges, including Poloniex, Binance, Bittrex, Bitfinex, KuCoin and HitBTC.Unlimited numbers of bots and trading pairs are available to users, and they are also able to perform long and short strategies simultaneously if they so wish.

The company says bots can place up to 100 times more orders when compared to users who trade manually, and this is because bots can track market movements for dozens of trading pairs simultaneously.

HO, HO, HODLTrade Santa says it has protections in place should automated trades not go to plan.

Its founders argue that automated trading helps to remove emotion from the process - helping investors to avoid chasing losses or making bad decisions in the heat of the moment.

Given the 24-hour nature of the crypto trading world, where dramatic swings in price happen at any time of the day or night, it is hoped the bot will help investors to stay on top of market movements even if they're away from their computer or asleep.

As Trade Santa gains traction in the crypto community, the team says its platform will remain free.