Trading and, particularly, crypto trading isn’t a cakewalk. It requires a lot of passion, commitment, energy, and time, of course. Newcomers spend days and nights studying technical analysis, checking insights and signals from pro communities, day trading, investing, and re-investing. All they want is to get more profits and, probably, experience.
For more mature users, time begins to play a more important role. Professionals want to make their trading perfectly efficient to get the most stable and consistent income without spending 24 hours per day. At the end of the day, most of us have families, friends, and hobbies. Thus, trading automation enters the game.
Today, we’re to review Superorder – an API-based crypto terminal. It delivers automated execution of orders, simultaneous trading at several exchanges, and other advanced features combined with extreme ease of use. Ready? Let’s go!
The Concept of Automation
In crypto trading, automation is an approach that transfers certain functions from people to machines. For instance, software programs can track the coin’s rate and notify you when it hits the specified level. These simple algorithms are called trackers. More elaborate machines can open and close orders making it possible to trade without trading, literally. All a user has to do is define price levels and order sequences.
Generally, automated trading leads to fulminant deals that a human just can’t make because of reaction speed limits. Machines trade without emotions and always stick to initial plans. On the other hand, they lack creativity so owners still should check and modify strategies sometimes. But we think that crypto trading automation can be a game-changer for the community. Superorder proves this prediction.
Overview of the Terminal
The software is a web-based platform that connects to exchanges using API keys. It provides for creating custom trading strategies. After a strategy is completed, the terminal will run it constantly checking conditions and executing orders. Currently, Superorder works with Binance, Bittrex, and BitMEX. Other exchanges are coming soon.
To start using the system, follow three simple steps:
- Register to create a free account. New users get 14 days for free!
- Generate API keys at the exchange(s) and paste them in your Superorder profile.
- Design the first strategy and run it to reveal all the advantages of automation.
It’s important: Superorder team kindly asks traders to disable withdrawal option when generating keys. Thus, no one can get your coins. As well, developers have IP addresses to whitelist.
Ultimate Superorder Features
Let’s be honest, there are a few automation solutions for crypto traders. But Superorder delivers something unique. In a nutshell, it’s focused on a friendly codeless approach. Means, even beginners can use it. Simultaneously, pro traders should appreciate advanced stuff. Let’s discover the most important points.
1. Strategies and the Builder
The whole terminal’s idea revolves around user-generated strategies. Put simply, any trader can access the interface with dozens of orders, combine them in a chain, and run this chain. It’s like a trading plan but gathered in one place and automated. Here’s another analogy: the Lego kit with several basic elements and an unlimited number of final looks.
There are two main categories of orders (new ones are added regularly):
- Actions: Market Buy/Sell, Limit Buy/Sell, Trailing Buy/Sell, Stop Buy/Sell, Notification.
- Conditionals: Wait for Rate, Rate Change, OR Fork, AND Fork.
Everything in the builder can be modified, including exchanges, coin pairs, order amounts, fill amounts, sequences, etc. Users can edit strategies, copy them, and add several exchanges/currency pairs into a single chain. Of course, the terminal can handle several active strategies for a user simultaneously.
2. Super Trade
The next layer of automation drives user experience above strategy building. Super Trade feature works for new plans that start with purchasing of a specific asset. With this option, traders can specify the coin and the desired amount to buy, Take Profit level or levels, and Stop Loss position, if needed.
Actually, this function builds strategies automatically. When a user specifies the purchase conditions, Superorder creates Market Buy or Limit Buy order. Then, it places OR Fork to put one or a few Take Profits in the upper part and create a Stop Loss in the lower one. Finally, the terminal reveals the estimated profits and losses.
3. Trading Bots
Crypto bots provide for the highest automation level. The main difference between these tools and other bots available at the market is in the basics. Superorder users can rent strategies, actually. All the bots here are based on other users’ trading plans, verified and tested by the development team.
Right now, Superorder offers three bots:
- Cherry Pick Bot – for making long trades.
- Happy Hammer – for making short trades.
- Milky Scalper – for scalping.
Bots start from 0.009 BTC per month. All of them work with BitMEX only so users can access automated margin trading. The team suggests using a dedicated leverage account to rent and run bots.
Other Benefits for Traders
Apart from key advantages, Superorder also comes with less global but still useful tricks. For example:
- Many orders. Unlike traditional exchanges, Superorder allows placing Trailings and hidden orders. Not to mention, logical elements like Forks.
- Portfolio tracker. A simple yet useful tool that removes need in third-party apps. Users can find their actual balances inside the terminal.
- Re-sending of requests. Sometimes, crypto exchanges crash or lag. In this case, the terminal keeps sending orders to ensure that they’re executed.
- Sandbox mode. To check strategies, traders can run them in the test environment with demo money. Users get 10,000 units of a basic currency for each pair.
- TradingView charts. Fully customizable screens with custom time frames, drawings, and indicators. Superorder supports several charts simultaneously.
As a result, the platform aims at an ambitious result: to be useful both for occasional traders and professionals. Right now, it looks highly-promising for busy experts who dedicate all the time to analysis and don’t have much time to trade. In other words, Superorder handles tech functions allowing traders to focus on creative things. And spare time, of course. 🙂
A Spoon of Tar
Superorder looks wonderful, without a doubt. But it has a long way to go. As only Binance, Bittrex, and BitMEX are available, traders don’t have a wide choice of exchanges. The marketplace of bots is only emerging, as well. Further, we hope to see more unique strategies available for rent, as well as more connectable exchanges.
Contacts and References
To find more info about Superorder features, access to the terminal, and trading experience move to the beginner’s guide.