How to day trade cryptocurrency and futures?
Cryptocurrency trading is no rocket science – oh, wait a second, it is. It is a consuming full-time job where you tie yourself up in knots on a daily basis. So when the newness defining the niche wears out, you start asking Google questions like the best crypto trading app or the best crypto portfolio tracker in an attempt to automate as many processes as possible.
And this is the moment when you discover for yourself the Good Crypto – a multi-exchange crypto trading app that is also a crypto portfolio tracker which could serve as a bridge, connecting you with the 35+ exchanges and multiple wallets.
GoodCrypto allows you to place a plenty of advanced custom orders, such as Trailing Stop Loss or Stop Loss + Take Profit combo, could send you push-notifications on order execution, significant price changes, deposits, transfers, daily portfolio summary, and offers trade automation.
Good Crypto: the best portfolio tracker & cryptocurrency trading app
You can use the classic Web App version, or open a Good Crypto app on your iOS or Android device.
The GoodCrypto app offers you real-time market data, analytics through the automated portfolio tracker, the TA trend signals and all of this you get as an advanced trading terminal supporting 35+ leading crypto exchanges.
Connecting all your crypto exchanges and blockchain wallets out to Good Crypto is easy: just add your API keys and enjoy an overview of your portfolio that is updated in real-time, set up alerts or head straight to crypto trading with the most advanced mobile terminal on the market!
Here you can enjoy the full functionality of TradingView charts on the palm of your hand with all the drawing tools you are used to and over 40 technical indicators. Using a GoodCrypto app, now the pending orders do not freeze your balance until triggered, that is giving you an exceptional flexibility in creating lots of your trading setups.
Switch to Algo tab and enjoy seamless trade automation: from Infinity Trailing algo, to Grid or DCA, and custom order groups.
It’s a good opportunity to make some more significant things, while your GoodCrypto Bot is trading in profit without manual intervention.
How to pursue crypto trading strategies with Good Crypto?
Connected Stop Loss and Take Profit Orders
You can connect Take Profit and Stop Loss to any order you send just in one click. Both Take Profit and Stop Loss will activate when your base order gets filled, and once one of them executes – the other will be canceled automatically. Your balances do not get locked in the process.
Choose a Trailing Take Profit instead of an ordinary one – unleashing the full power of Trailing Stop orders. This will give you an opportunity not to limit your potential upside if the price continues to move in your direction, instantly making your trading setups much more powerful and tilting the Risk/Reward ratio in your favor.
Specify a trigger timeout for your Stop Loss order to protect yourself against erroneous market moves caused by large orders or liquidations. If the price only briefly falls under your Stop Loss – it won’t trigger.
With GoodCrypto App you can set Trailing Stop orders even on exchanges where the original interface does not provide it.
Alerts are a crucial weapon in every trader’s arsenal. The GoodCrypto App got you covered here as well, providing a wide array of alerts: from unlimited custom price alerts to order execution, sudden market movements, market and portfolio summaries, new exchange listings, and even DeFi gems monitoring.
MACD triple strategy in GoodCrypto
Inside the GoodCrypto platform there are many useful tools for analyzing the market, but we will take a look at one of the most popular MACD trading strategy and its variety – MACD Triple.
The MACD Triple strategy is a trading system based on the moving average convergence divergence (MACD). It uses multiple time frames, including one hour, four hours, and fifteen minutes, to determine buying and selling signals. The strategy also includes short-selling opportunities. It is useful for reversal signals during sweeping advances, since it compares closing prices to the range. MACD signals are often used to determine trend momentum and strength.
As one of the most common strategies that one also uses a stop-loss rule, or maybe a GoodCrypto trailing take profit to earn the maximum of the price movement. It uses a profit target of 1:3 or more, depending on the entry price. The traders close their open positions if the MACD crosses back the baseline in the opposite direction of your trade, a sign known as a reverse trading signal. And equally can be used in another market direction. Using this strategy, you can take advantage of both the short and long sides of the trend.
Practicing the MACD strategy, traders can determine the direction of limit / pending orders opening, which as we mentioned above, you can place as many as you want using the GoodCrypto app. This will help them enter the market in the right direction at the right time for a profitable trade. If the MACD crosses the moving average in the same direction as the price chart, it indicates that the trend has been “exhausted.”
But as it was noted, it is better to use several arguments to enter a trade with your strategy, or additionally use the technical analysis signals module inside the application.
If you’re looking for a great tool to trade cryptocurrency and manage your crypto portfolio, you might find some peace after signing up for the Good Crypto App, which provides you with advanced trading functionality, great portfolio tracking, and a suite of market research and analytics tools.
So install Good Crypto on iOS or Android and continue your crypto journey with ease!