Trading Bot for Phemex
Using cryptoscript.io tools users can conduct automated trading on the Phemex exchange
Phemex operates as a crypto derivatives trading platform. Phemex is a professional and trustworthy global cryptocurrency derivatives exchange. They offer Bitcoin, Ethereum, Ripple, and Chainlink perpetual contracts, with up to 100x leverage.
The use automated trading is available for the Phemex Spot
We have been on the market since 2018 and over the entire period of our existence, we have carefully worked out all the features of working with the Phemex exchange. Since May 2021, we have been an official partner of and have been participating in the Phemex exchange brokerage program. Of the advantages, the following points can be highlighted:
Variety in the functionality and settings of the bot, which allows you to implement many trading strategies
The Smart Grid algo allows you to create efficient DCA bots for Phemex with LONG and SHORT algorithms using an averaging strategy.
Using TradingView signals as a condition for starting a bot trading on the Phemex exchange allows you to implement strategies based on a variety of trading indicators.
The bot simulation mode will show how the bot you created would trade over the last 60 days (the time and date of the start of the simulation can be set in the settings). We keep a history of price changes for all trading pairs on the Phemex exchange over the past 60 days. All tests will be carried out on the chart of your chosen trading pair, for a specified period of time. This will allow you to verify that your settings are correct or to identify inaccuracies.
The automatic algorithm flipping will allow you to implement a risk hedging strategy when trading on the Phemex exchange. At the moment when the price goes in the wrong direction, the second bot will be automatically connected, which has the opposite algorithm.
The user does not need to keep their computer turned on 24/7, because the bot functions from the cloud storage.
We have a marketplace where you can buy a ready-made bot configuration, sell a profitable one and get additional income, as well as purchase a mentoring service from an experienced user.
There is a referral program through which clients of the service receive an income without even starting a trade.