TWAP Bot is a trading solution that was designed to help people with automatic trading on a crypto market. The site includes various robots but all of them have short explanations without trading results provided.
First TWAP Bot quick summary
| Upsides | Downsides |
| We can work with it for free | No team revealed |
| We can work with only this exchange with this system | |
| We have no backtest reports or trading results revealed |
| Platform Reliability: | 3/5 |
| Pricing: | 4/5 |
| Ease of Investment: | 3/5 |
| Customer Support: | 4/5 |
| Exchanges Supported: | 1/5 |
What is TWAP Bot?
It is a crypto trading bot that works with the time weighted average price algorithm on the Pionex exchange.
How does TWAP Bot generate profits?
Let’s talk about features, settings, details, and other explanations that would allow us to understand if the robot fits our expectations.
- The system can provide us with completely automatic orders execution.
- The system works with the time weighted average price algorithm.
- It’s a traditional algorithmic trading strategy.
- It works based on providing a lower average transaction price while minimizing the impact of the transaction on the market.
- As a result, it can achieve the purpose of reducing transaction costs.
- We have to customize the following parameters: “Order Period” and “Buy/Sell quote each time” to get started.
- It works with the following order periods: 10 Sec, 30 Sec, 1 Min, and 5 Min.
- We have buying and selling cases provided. This allows us to understand how the robot behaves on the market and how it’s going to make profits.
- 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.
- So, that’s it. There is no extra information provided.
Safety and security
- The robot can trade for us.
- It doesn’t have access to our funds on an exchange.
- It works through API keys.
How TWAP Bot’s pricing works
The TWAP Bot is available for free, as well as the other trading systems offered by Pionex.
Available exchanges
We can work with this system on the Pionex exchange.
How long has TWAP Bot been in business?
The system was created in June 2020. The developers don’t provide us with the information about who they are, if they have a legal registration, and their location address.
How to get started with TWAP Bot?
We have to register on a platform. Then, we have to attach a bot to the chart, during this, we have to fill in parameters before getting started.
Customer support
The developers provide support via a Telegram channel. They are also available on Facebook, Twitter, and Linkedin.
TWAP Bot is a trading advisor that works with a time weighted average price algorithm to make profits on the market. The presentation looks short and provides almost no explanations. We have nothing revealed about features, risks, money-management, etc.
The developers avoided providing us with backtest reports or any kind of trading results. Without this it is almost impossible to be sure that the robot is a truly profitable trading solution. There are no testimonials written about how the advisor works for real clients and if it’s profitable.
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