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Competitions will have different durations. Some will run for 30 minutes or hours, https://1.advicehome.com/community/profile/binance2137099/. With automated bot trading you are given the tools to create trading strategies that win more often in your desired market conditions. Some platforms, like HaasOnline, will allow your Bitcoin trade bots to manage multiple strategies, so as the markets change so can your trading styles. Using crypto trading bots allows traders to monitor markets and deploy automated trading strategies while being absent from the trading terminal. This allows competent traders to take advantage of crypto markets while they sleep or manage daily obligations. Disadvantages of using automated trading. Depending on which cryptocurrency trade automation product you’ve chosen, you will need to learn the intricacies of that platform as well as have a basic grasp on trading fundamentals. 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