First of all, if you were expecting an advanced tutorial on how to choose pair, you won’t find it here. On the contrary, we will explain some basic tips on how to choose pairs on an easy way. Coin selection is one of the most important task we need to do for our bot trading. In fact, the results could be absolutely different even using the same strategy, if we are using different pairs. Ok, let’s start:
– The most important thing is the volume. We need to choose pairs with good volume, at least 250 / day.
– The best working pairs are those whose graph are swingy and uptrend at the same time.
– Avoid coins whose value is close to its maximum historic value, unless we have news / info that it will continue going up
– Avoid like a plague coins whose value had a huge raise recently. Usually there is a huge correction after a huge raise. And I have seen a lot of people adding these kind of coins because “they are going up”. Stay away from those coins.