Ladies and gents, I'm thrilled to introduce a nifty new feature designed to give you greater control over your trading strategies: the Volume Filter. Let's dive right in!
The core purpose of the Volume Filter is to keep you from trading low-volume tokens inadvertently. Now, don't get me wrong. Lower-volume tokens can sometimes offer enticing opportunities, but they also carry a higher degree of risk, mainly due to low liquidity. It could be akin to walking on a tightrope with no safety net! This feature acts as that safety net, allowing you to focus on tokens with a more substantial trading volume and greater liquidity.
The Volume Filter operates based on token trading volume data across all exchanges. This data is updated hourly, ensuring you always deal with the most current information.
You can use the Volume Filter when setting up your multi-coin trading bots on Gainium. When activated, it limits your bot to trading only the top tokens by trading volume. And how does it define 'top'? Well, that's up to you.
You could choose to have your bot trade only the top 25, or maybe you feel more adventurous and go for the top 100. You could even punch in a custom number, like 500, and have your bot trade only the top 500 tokens by trading volume. The choice is entirely in your hands.
In this rapid, ever-changing world of crypto trading, sifting through and focusing on tokens with more substantial trading volumes can be a game-changer. This feature allows you to navigate through the sea of tokens and zero in on those that meet your specific volume criteria. This strategic maneuvering can drastically reduce your exposure to less liquid coins, which can sometimes be harder to buy or sell without impacting the token's price.
We have developed a nifty screener that contains trading data. This is the same data the bots use to check the top coins. To access the screener, look for the menu item in the left-hand menu. You can sort the volume column to check the position of a certain token.
At Gainium, we're all about harnessing the power of technology to make your trading experience smoother, safer, and more efficient. This new feature is yet another step towards that goal, giving you the power to create more tailored trading strategies with our multi-coin trading bots.
Remember, the crypto market is a wild ride, and while it can offer some exciting opportunities, it's essential to be strategic about your trading decisions. That's where our Volume Filter comes in. Set boundaries, let your bots loose, and watch them work their magic.
So give it a whirl, and let us know how you find it. We're always here to help if you've got any questions.