Portfolio rebalanging bots
Gain profits while holding
Rebalancing is the process of realigning the weightings of a portfolio of assets. Rebalancing involves periodically buying or selling assets in a portfolio to maintain an original or desired level of asset allocation or risk.
A rebalancing strategy is another way to smoother your portfolio while the price of each asset surges or drops at a different moment. It forces investors to sell high and buy low on different assets.
Pionex
Once selected the multicoin rebalancing bot, you must select the coins that you hold. As rule of thumb, it is advised to stake the bigger amount of the investment on the most secure cryptos.
Here you can set the amount of investment and other useful tools: price trigger enables the buys whenever the price of that coin reaches a minimum value, and also periodic/treshold rebalancing can be set.
Kucoin
On this exchange there is a similar bot. It has a manual setting for take profit that you can set for shorter or longer term.
Quadency
This bot is similar to the others seen before.
Mudrex coinsets
The algo-trading platform that I use to create bots also offers rebalancing bots. I don't prefer it to the other seen before because you can't manually choose the coins you prefer. Anyway, it is the more set&forget option for a newcomer.
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