Two features every crypto trading bot should have

I’ve been working on an algo trading platform alongside a small team of developers for about 3 years now. I’m incredibly excited to say that we released Aesir in May last year and we’ve been working on expanding the application and incorporating user feedback into our app.

Being a small and agile team means that you’re in the unique position to actually listen to what your users have to say about your software, and have direct 1-to-1 discussions with these users.

During some of these conversations — which normally take place on Discord — we came across a fantastic bit of feedback from some of our users, in relation to the exit strategy.

If you don’t know what that means, an exit strategy is how you or your trading bot will be exiting the market. An exit strategy should limit your losses and be able to cash out at a profit — that’s why setting a Stop Loss and Take Profit is a crucial part of any trading strategy.

On Aesir we wanted to offer more than just the regular Take Profit and Stop Loss. That’s why we’ve originally built Trailing Stop Loss and Trailing Take Profit. These work by following the price at a +-% around it, like a pincer. So long as the price increases, the position stays open, allowing to maximize profits.