Frequent questions

Main steps to connect to our bots

  1. Register on one of the exchanges if you don’t have an account yet:
    www.binance.com
    www.bybit.com
    www.okx.com
  2. Create API keys for the exchange
  3. Deposit funds into the Futures / Derivatives wallet of your exchange
  4. Subscribe to an EDVI tariff plan
  5. Connect your exchange’s API keys to EDVI Trade bots

For more details, please visit our platform EDVI app.edvitrade.com/page/faq

What are cryptobots and how do they work?

EDVI bots are automated systems for trading on financial markets that utilize sophisticated algorithms to analyze the market and execute trades. Their primary function is to minimize losses and maximize profits. These bots use strategies that allow for effective risk management and adaptation to various market conditions.

Advantages of using EDVI bots:

  1. Automation: Bots operate 24/7 without the need for constant supervision, allowing users to earn even while they sleep.
  2. Risk optimization: The systems are configured to manage risks and can effectively respond to market changes, minimizing virtual losses and increasing potential profits.
  3. Time savings: Bots perform all routine tasks, enabling users to focus on other activities such as studying new strategies or analyzing the market.

Which cryptocurrency exchanges are supported by your service?

Our service supports work with most major cryptocurrency exchanges, such as Binance, Bybit, OKX. The list of supported exchanges may change, so we recommend checking the current information on our website.

Is algorithmic trading safe?

Algorithmic trading, like any form of trading, comes with its own set of risks and considerations. Here are some key points to consider regarding the safety of algorithmic trading:

  1. Accuracy and Speed:
    – Pros: Algorithms can execute trades faster and more accurately than humans, reducing the impact of human error and emotional decision-making.
    – Cons: However, errors in the algorithm or code can lead to significant losses. It is crucial to thoroughly test and validate any trading algorithm before deploying it in a live environment.
  2. Risk Management:
    – Pros: Algorithms can be programmed with strict risk management rules, such as stop-loss orders and position size limits, helping to minimize potential losses.
    – Cons: If not properly configured, an algorithm might not respond correctly to rapid market changes or extreme volatility, potentially leading to unexpected losses.
  3. Market Conditions:
    – Pros: Algorithms can continuously monitor market conditions and react to changes instantly, potentially capturing opportunities that human traders might miss.
    – Cons: Markets can behave unpredictably, and past performance of an algorithm does not guarantee future results. Sudden market movements can still cause losses, even for well-designed algorithms.
  4. Security:
    – Pros: Automated systems can help reduce the risk of security breaches by minimizing human intervention in the trading process.
    – Cons: However, the security of the trading platform and the integrity of the algorithm are crucial. Ensure that your trading system is protected against cyber threats and unauthorized access.
  5. Regulatory Compliance:
    – Pros: Algorithmic trading can be designed to comply with regulatory requirements, ensuring that all trades are conducted within legal and ethical boundaries.
    – Cons: It is important to stay updated with regulatory changes that may affect algorithmic trading practices.
  6. Monitoring and Maintenance:
    – Pros: Continuous monitoring of algorithmic trading systems can help detect and correct any issues promptly.
    – Cons: Algorithmic trading requires ongoing maintenance and monitoring to ensure it continues to perform as expected and to adapt to changing market conditions.

Conclusion:
Algorithmic trading can be safe and effective if proper precautions are taken. This includes thorough testing, robust risk management, continuous monitoring, and staying informed about market and regulatory changes. While algorithmic trading offers many advantages, it is important to remain aware of the potential risks and to manage them appropriately.

If you have further questions or need assistance with algorithmic trading, our support team is here to help.

What proof of trading results is available?

Certainly, here’s a response for the FAQ section addressing proof of trading results:

What Proof of Trading Results is Available?

To ensure transparency and build trust with our users, we provide verifiable proof of our trading results. Here’s how you can access and verify our trading performance:

  1. Verified Performance Reports:
    – We maintain detailed and verified performance reports that highlight our trading results over different time periods. These reports include key metrics such as profit and loss, win rates, and average returns.
  2. Third-Party Verification:
    – Our trading results are verified by reputable third-party platforms. This adds an additional layer of credibility and ensures that the results presented are accurate and unbiased.
  3. Accessing Proof of Trading Results:
    – You can view detailed trading results and performance metrics by visiting the following link: Trading Results. This link provides access to our trading portfolios, showcasing live and historical performance data.
  4. Transparency and Updates:
    – We believe in complete transparency. Our trading results are updated regularly to reflect the most recent performance. This allows you to track our progress and assess our strategies over time.
  5. Customer Testimonials:
    – In addition to performance metrics, we also share testimonials from our users who have experienced success with our trading strategies. These testimonials provide real-world insights into the effectiveness of our approach.

Conclusion:
We are committed to providing clear and verifiable proof of our trading results to help you make informed decisions. Visit our Bots page to explore detailed performance data and learn more about our trading success.

If you have any questions or need further clarification, please do not hesitate to contact our support team. We are here to assist you!

Do you provide customer support?

Yes, we provide customer support for algorithmic trading using bots. Our support team is available 24/7 to assist you with any questions or concerns you may have.

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