TWAP Bot is a trading solution that provides fully automated trading, while minimizing the impact of the transaction on the market. The system belongs to the Pionex portfolio. In this review, we will analyze the features, efficacy, and reliability of this crypto bot to help yuo decide whether it is what you are looking for.
About TWAP Bot
The developers have deployed this system in June 2020. Since then, the robot has received several updates.
|The developers provide this solution absolutely for free
TWAP Bot features
The presentation includes various information about what we have to expect from the trading bot:
- The system can work automatically for us.
- There’s a time weighted average price algorithm.
- It uses a traditional algorithmic strategy.
- There are some parameters that can be customized: “Order Period” and “Buy/Sell quote each time” to get started.
- There are four periods to work: 10 Sec, 30 Sec, 1 and 5 minutes.
- We can work in both directions.
- There’s an example like this:
- Someone chooses the ETH/USDT trading pair and creates a TWAP bot, the time frequency is set to 10 seconds, the purchase amount is 1000 USDT each time, and the total investment amount is 100,000 USDT. Then the bot will sequentially buy 1000 USDT every 10 seconds, a total of 100 times.
- Someone chooses the ETH/USDT trading pair and creates a TWAP bot, the time frequency is set to 10 seconds, and each time 1 ETH is sold, the total sold amount is 100 ETH. Then the bot will sequentially sell 1 ETH every 10 seconds, for a total of 100 sales.
- The owners decided not to tell extra information about the system.
How does it work?
The system manages our portfolio completely automatically. It seeks trading opportunities to open orders.
The system works on the mother exchange–Pionex.
How does TWAP Bot stand out?
The bot works with a lower average transaction price while minimizing the impact of the transaction on the market. So, this allows a reduced transaction cost.
Best for: traders with any level of trading experience
The robot is absolutely welcome for people with no experience as well as professional traders.
TWAP Bot can be used for free because it’s a Pionex baked solution.
How safe is TWAP Bot?
It works through API keys on the market. So, the system isn’t allowed to withdraw our account.
TWAP Bot reputation
The developers as an exchange have an average reputation among traders. So, their trading solutions have the same reputation.
Is it a good choice for beginners?
Yes, it is. It was designed to attract people to work with this exchange picking one of the solutions.