A: Yes. Just go sign up and you will see that it runs on the web (and not on your PC).
You only need to log into the account when you want to check the performance or make funds or symbol name changes.
A: Some people are trading with $100 and some with many thousands.
A: There is no SEC DAY TRADER RULE when trading cryptos.
A: No. The software does not use Stop Loss (or as we call it “Lock in Loss”).
The software uses money management and adds more shares on small drops and closes them out on the rise (profitably) to lock in the gains in the price fluctuations.
Remember, the strategy is designed to trade a symbol and take profits perpetually. So, even if a symbol goes down the price will still fluctuate.
A: No. The shares are calculated automatically by the AI algorithms built into the web app, based on the symbol price and available funds.
A: It only trades the symbols that you enter. So, if you have other symbols/positions in your live account, the web app will ignore those.
A: The software will allow you to set the coins most commonly traded by other users.
A: The GoBabyTrade web app system is designed to continuously and repeatedly LOCK IN profits.
If you just buy and hold then you miss all of the profits and only benefit if the symbol goes up.
By closing positions you continuously buy and sell and lock in profits regardless of the long term direction of the coins.
As a buy and holder, you would only benefit if the price goes straight up to new highs.
A: It trades in smaller share/lot sizes so that it reserves enough funds to be able to continuously buy/sell when the price goes lower.
If you were to use up all of your funds on a single purchase, you would not have any reserve funds to buy/sell at lower prices.
This money-management is built into the web app.
A: You can increase the "Percent of Funds to use" for that symbol on the Select Symbols screen.
That would allow the web app to calculate a higher share/lot size for that symbol.
A: No.
A: The only cryptocurrencies you can trade are those available at the exchange you are using (Coinbase Advanced or Kraken).
A: Yes. There is a CLOSE button to the right of each open position.
After you click the CLOSE button, the system will automatically place your account in HALT TRADING MODE. That will prevent any new positions from opening until you click RESUME TRADING.
The purpose of placing the account into HALT TRADING MODE is to give you a chance to remove the symbol (if desired) from the Active Symbols list on the Select Symbols screen.
A: The web app will not know that you manually closed it and therefore may just reopen the position.
A: Profit Goals in the web app are not fixed.
There are AI factors that affect the closing of profitable positions.
For instance if the AI determines that the position is going higher, the web app may take longer to close it.
Profit Goals tend to range from 1% to 5% per trade.
A: There is NO TIME LIMIT to simulate (Paper Trade) your account.
A: It literally takes less than 5 minutes to get started and after that you never have to touch the Trader again until you decide to go into “Live Trading” mode. Even then, it literally only takes another 3-5 minutes to GO LIVE.
A: Not at this time.
A: Absolutely NOT! You can keep your “Dogecoin” as a long term HOLD. However, it is recommended that you move that “Dogecoin” to a different crypto exchange or
Wallet/Portfolio so that the Trader doesn’t pull those coins into the Trading account (just to be on the safe side).
A: Optimal results and very impressive results have come from trading only 3-4 coins. However, there is no correlation to higher returns just because more coins are being utilized.
A: Yes of course.
A: Very simple: Under “MENU” on the Trading Page, there is a tab called “Highest Trade Counts”. It shows us how many trades certain coins made over the past 12 months as well as the last 30 days!
A: YES! A “Trading Report” is sent to your e-mail after each day of profits realized.
A: Over 20 years.
A: The first version was developed in the year 2000 and it focused on Stock trading!
A: The Crypto version of the auto Trader was made available April 2021.
A: Yes, the developer has been developing AI systems since 1989.
A: Absolutely not! The Trader trades all day 24/7 – 100% unattended!
A: The Robotic Trader is web based so there is nothing to download!
A: Since the Trader is web based, it is always running on your behalf on the company’s servers. Even if you log out of the website, or close your browser, the trader is still trading for you on the servers.
A: Yes, simply send email to: support@gobabytrade.com.