How Do I Trade with Bitcoin Signals and EAs
Apart from coming up with signals, traders also can decide that they want to trade with bitcoin trade signals or EAs. These two techniques are very popular when it comes to trading the online btcusd cryptocurrency market. Bitcoin traders who want to trade with these methods may spend a lot of time researching which is the best EA or Bitcoin Signal - instead when it comes to EA Bitcoin Robots there's a library of Expert Advisor Bitcoin Robots that traders can find on the MQL5 community forum & when it comes to signals there is a listing of the top btcusd trading signal providers made up of profitable traders who trade using MT4 that provide bitcoin signals that traders can subscribe to and trade with.
Signals
Traders can trade using bitcoin signals - instead of generating trading signals of their own using bitcoin systems traders can subscribe bitcoin signals from other profitable traders & copy the trading of these signal providers. Trading using bitcoin signals is sometimes also called copy paste trading.
A signal service such as the MQ5 signal service is setup by owners of Meta Trader 4. Profitable traders can then setup their signal service & other traders can then subscribe to these trade signals from the MQ5 signal service directly from MetaTrader 4.
Once signal providers generate a trading signal the trade is then automatically copied & sent to the trader’s account and similar trades are also opened on the trader’s account. These trade transactions will remain open until when the signal provider closes them and on trader's trading account the trades will also be automatically closed.
To learn & know more about bitcoin signals traders can read the tutorial - MQL5 bitcoin signals. These signals are generated by profitable traders who trade the btcusd trading market using their own accounts with money invested in their account and this traders have passed a 1 month trading period to prove their bitcoin system is profitable after which these traders have become signal providers.
Cryptocurrency Automated EAs
Automated bitcoin strategies in bitcoin trading are known as Expert Advisors or EA or Bitcoin Robots. These bots are used by traders to generate automated signals that will open buy and sell trades on behalf of the trader based on the set parameters.
When these sets of parameters are met the Automated EA will then open a bitcoin trade. The Expert Advisor also has another set of parameters which will be used to calculate where to close a trade.
The best place to begin for those who want to learn how to program and develop their own Expert Advisor BTCUSD Crypto Currency Robots MQL5 forum of EA coders is the best site to start. This community forum also has a library of many btcusd trading Expert Advisors that traders can download - some are free and some are for sale. Those that are for sale can be tested out by traders using their demo edition which can be tested on the MetaTrader 4 strategy simulator environment, this way a trader can test an Expert Advisor to determine how it performs in the bitcoin crypto market before buying Expert Advisor EA.
To learn & know more about Expert Advisor Bitcoin Robots, traders can read our tutorial - MQL5 Crypto EAs Library.
Learn More Lessons and Courses:
- 4 Types of Bitcoin Orders: Pending BTCUSD Orders
- How Can You Set BTC USD Sell Orders in MT4 BTCUSD Charts?
- How Can You Analyze Fibo Pullback Trading Indicator in MT4 Platform?
- How Can You Analyze Fibo Extension Settings in MT4 BTCUSD Charts?
- MT4 Bitcoin Trading Expert Advisor
- How to Trade BTCUSD Using Leverage
