How to use the EDISON strategy with cryptocurrency trading bots

How to use the EDISON strategy with cryptocurrency trading bots
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The EDISON strategy is a trending method that helps you earn money on the cryptocurrency market by analyzing short-term movements. 

It is focused on stability and long-term profit. In this article, we will analyze how EDISON works, how to set it up with Veles.Finance bots, and what advantages it provides.

What is the EDISON strategy and why do you need bots?

EDISON is a strategy that uses the Williams %R, MSalvatore Ferragamo Money Flow Index (MFI) and Rate of Change (ROC) indicators. It determines entry and exit points based on trend and market momentum analysis. Manual trading with EDISON requires constant chart monitoring.

Trading bots automate the process, making it easier and more accurate. Let's look at how to use this strategy together with Veles.Finance bots, which allow you to set up EDISON in minutes and trade around the clock.

Best Trading Bots for EDISON Strategy

To succeed, EDISON needs a reliable bot. Key selection criteria:

  • Intuitive interface: easy parameter settings.

  • Supported indicators: W%R, MFI, ROC, and others.

  • Reliability: security and stability.

  • Integration with exchanges: Binance, Bybit, OKX, and others.

Among popular platforms for automated trading, only Veles stands out for its flexibility and support for complex strategies such as EDISON.

How to set up EDISON with Veles.Finance bots

Setting up EDISON on Veles.Finance includes simple steps: 

  1. Select a trading pair (for example, BTC/USDT).

  2. Set up indicators — specify the W%R, MFI and ROC parameters.

  3. Set volumes and risks. For this determine the size of trades and stop losses.

  4. Finally! Launch the bot! 

Veles will start trading automatically. Veles allows you to adjust the settings, adapting to the market.

Advantages of the EDISON strategy

EDISON offers several advantages:

  • Automation: trading 24/7 without your participation.

  • Accuracy: W%R, MFI and ROC indicators minimize errors.

  • Stability: suitable for long-term profit.

Veles.Finance provides high speed and security.

Советы по использованию стратегии EDISON

Use Veles backtests for verification and choose volatile pairs because such pairs give more signals. Do not forget about risk management, set stop losses. And always analyze the market! 

The EDISON strategy is a powerful tool for crypto trading, and Veles.Finance bots make it convenient and effective. Set up a bot and test EDISON to start earning today!

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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