I've talked to a lot of traders who tried automating their strategy once and it went badly.
Almost every time, the issue was the same. They never actually watched the code run in real market conditions before putting money behind it.
Backtesting is useful. It tells you how a strategy would have performed based on old price data. But it doesn't tell you whether your setup is actually doing what you think it's doing right now, in a live market.
Bitsgap has a practice mode built into their platform. You can run your bot against real market prices without using any real money. You see exactly how it behaves before anything is actually at risk.
Sounds like a small thing but it has saved a lot of people from expensive first mistakes.
If you're building something automated for the first time, start there.
bitsgap.com
#Bitsgap #RiskManagement #CryptoTrading #TradingBots
Almost every time, the issue was the same. They never actually watched the code run in real market conditions before putting money behind it.
Backtesting is useful. It tells you how a strategy would have performed based on old price data. But it doesn't tell you whether your setup is actually doing what you think it's doing right now, in a live market.
Bitsgap has a practice mode built into their platform. You can run your bot against real market prices without using any real money. You see exactly how it behaves before anything is actually at risk.
Sounds like a small thing but it has saved a lot of people from expensive first mistakes.
If you're building something automated for the first time, start there.
bitsgap.com
#Bitsgap #RiskManagement #CryptoTrading #TradingBots
