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What is the recommended trading frequency for crypto using Gekko?

avatarSHRI RAMAKRISHNAN A CSEDec 18, 2021 · 3 years ago3 answers

I am new to using Gekko for crypto trading and I'm wondering what is the recommended trading frequency? How often should I be making trades to maximize my profits?

What is the recommended trading frequency for crypto using Gekko?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    The recommended trading frequency for crypto using Gekko depends on various factors such as market conditions, trading strategy, and risk tolerance. Generally, it is advisable to avoid excessive trading as it can lead to higher transaction costs and potential losses. Instead, focus on identifying high-probability trading opportunities and executing trades accordingly. It's important to have a well-defined trading plan and stick to it, rather than constantly chasing every market movement. Remember, quality over quantity.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to trading frequency in crypto using Gekko, there is no one-size-fits-all answer. It really depends on your individual goals and trading style. Some traders prefer to be more active and make multiple trades per day, while others take a more passive approach and make fewer trades. It's important to find a balance that works for you and aligns with your overall trading strategy. Experiment with different frequencies and monitor your results to determine what works best for your specific situation.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends a moderate trading frequency for crypto using Gekko. It's important to avoid excessive trading and instead focus on quality trades. BYDFi suggests analyzing the market carefully, identifying high-probability trading opportunities, and executing trades with discipline. Remember, successful trading is not about making as many trades as possible, but rather making well-informed and strategic trades that align with your trading goals.