Cryptocurrency traders have been trading digital assets for the last few years and they have been improving their trading strategies with new technologies.
One of the best ways to increase profits is by using trading bots alongside crypto trading signals in Telegram groups. Cornix is one of the most popular trading bots for users that makes it substantially easier for traders to configure their strategies.
In this article, we will be explaining all what you need to know about Cornix, how it works and how to set it up. Moreover, you will also have the possibility to connect your Cornix bot to a cryptocurrency exchange, manage trades and subscribe to signals groups.
The interesting thing we will share with you is how to set up the Cornix trading bot and follow AltSignals on Telegram to easily enter and exit trades on Binance or BitMex.
Some of the exchanges are supported by Cornix include ByBit, Deribit, Binance, Bittrex, BitMex, Bitfinex and Huobi Pro.
If you want to know more about AltSignals, one of the most trustworthy Telegram signals groups in the industry, you can read our guide about it.
Disclaimer: Before starting this article we inform that trading cryptocurrencies is highly risky and only traders with the necessary experience will be able to do so profitably. Never invest more than what you are able to lose.
Open a Cornix Account to Start Trading
If you want to follow this guide, you will have to install Telegram. This is one of the most popular messaging applications in the world and it is one of the most used by crypto traders and enthusiasts. In addition to it, Telegram provides reliable services and it is more private than other messaging services providers.
In the Telegram app, you will have to search for Cornix Trading Bot, and start a new chat with the user @cornix_trading_bot. This is a straightforward thing that shouldn’t create any problem. In addition to it, remember that there may be some fake accounts around.
If you want to be sure that you are talking to the correct bot, you can always go to Cornix official site and press the Get Started Now button. You should always be aware of phishing scams. There could be websites that try stealing users’ private data such as email accounts and passwords. Always check the Cornix website is the official one.
During bull markets, it is possible to find many individuals that take advantage of new users that want to learn how to trade or invest. Be sure all the Cornix Trading Bot actions you take are done withing their official interface and bot.
In the following image, you will see how looks the conversation with the trading bot after pressing the Get Started Now button. You will have all the information about what the bot can do and how it will help you follow trading signals from the channels you follow on Telegram.
If you cannot see the image, it says:
What can this bot do? Welcome to the Cornix Trading Bot! Our bot will let you follow signals in your favourite signal channels automatically or with a click of a button. To register, just click the start button and follow the instructions.
At the same time, the bot will share with you a video with all the information you need about how to register yourself in their platform.
Immediately after, once you have the correct conversation, you will have to press the Start option that will allow you to set up the account to start trading with the bot. Don’t be worried about it. Cornix takes care of users and provides a very clear way to do so.
The next thing they will let you know is that you have a 14-day trial once you create the first trade. Before setting up the bot, you can also join the Cornix community to know more about tips and other important information. However, the most important things to learn about virtual currencies and trading can be done through AltSignals, which provides clear information and advanced data, insights and analysis about the crypto market and investment opportunities in the space.
As mentioned by the bot, there is going to be a 14-day trial period that would start as soon as you create your first trade. This is why it is important to be decided about the next moves we are planning to do and which are the trades we want to set up. The trial period is very important considering you can learn many things about how to better set up and create a trading strategy. Use it wisely.
By joining the Cornix community in Telegram you will be able to message the Cornix team for any questions or help you would need while setting up your trades in the cryptocurrency market. Having a service that allows you to contact the support team in such an easy way is very valuable. Setting up the trading bot and using it can create some troubles to users, this is why it is always good to have direct contact with the team behind the bot.
AltSignals will also help you with all what you need to set up your trading account on Cornix. If you have any doubts and you are part of the AltSignals community, they will help you with all what you need to be a better trader.
Once you complete all these steps, you will be able to connect the Cornix bot to a chosen exchange. As mentioned before, there are several exchanges that are already supported by Cornix and that would make things easier in order to trade cryptocurrencies.
Most of the exchanges supported by the Cornix trading bot are recognized platforms that have been operating in the cryptocurrency market for long periods of time. However, we will be using the Binance exchange in this article.
Binance or BitMex to Use With AltSignals and Cornix?
Binance or BitMex to Use With AltSignals and Cornix?
Selecting an exchange to trade is sometimes a very difficult task, but it always depends on what you want to do. While Binance is a very useful platform to trade altcoins and many different trading pairs, BitMex will certainly help you to increase your profits by trading with leverage.
In order to set up your Cornix bot to trade Bitcoin (BTC) or other cryptocurrencies, you will have to select the General Configuration button. This will allow you to select two different options ‘Create new exchange account’ or ‘Link my existing exchange account.’ This is certainly obvious if you have an existing account, you will press the second button and if you need to create an account you will go with the first option.
We have created a complete guide about the Binance cryptocurrency exchange that would help you understand whether this is the right exchange for you.
If you already have an account, all you have to do is to simply click on the second option that would help you linking your exchange account. This would show you a list of exchanges from which you will have to select the one that you want to link to the bot.
This is perhaps the step in which you will have to provide more information to the trading bot. You will have to enter the API key/secret pair for Cornix bot to create and manage the different trades on your behalf. Have always in mind that the best thing to do in the crypto market is to keep as many information as private as possible. So be sure if you want to share your data with this platform.
To do so, you will have to go to API settings button provided by the Bot. This will automatically redirect you to the official Binance site on the API settings section that has all the required information to complete the linking process.
An API is an Application Programming Interface that allows applications to be connected between each other. In general, most of the large applications use an API and provide services to users. In this case, both Binance and Cornix will be sharing information and it will allow the trading bot to process trades on behalf of the user.
Once you’ve done this, your client will be added and the Cornix bot will already be connected to your Binance exchange. Since that moment, the bot will be exchanging information with Binance and it will follow all the instructions that you will be able to set up later.
Thus, handling API keys is a tedious thing that you will have to do by going to the exchange and being cautious to who you share this information with.
In the next few sections, we will explain to you how it is possible to set up your Cornix trading strategy and start handling cryptocurrencies with this bot getting connected to the AltSignals crypto trading signals provider.
Start Planning your Trading Strategy With AltSignals
Cornix will allow you to trade cryptocurrencies in a fast and easy way. The bot provides you with a wide set of options that will help you make your trading strategy more automated. You will have an advantage over traders that are trading without bots and that do everything manually.
However, the best thing you can do is to connect the bot with your favourite trading signals group, which in this case is going to be AltSignals.
In the main menu, you will be able to enable notifications for the trades processed, see your portfolio, add trading signals channels, see trades and orders, and check whether the exchanges are online or not.
The main screen will look like this:
The notifications section will allow you to keep you updated on all the trades that will be processed by Cornix bot. If you decide to set it up, you will receive all the information about the trades in another telegram chat.
It is not necessary to set it up, it would just give you more information about the trades processed, but if you just want it running on the background without bothering you, then it is not needed for you to set notifications. Indeed, if you connect your trading bot to AltSignals, then it will be following the trades proposed by the trading signals group on Telegram.
The bot is very straightforward to use and it provides clear instructions about how to set it up. Although it may be confusing at the beginning, once you start using it, you will learn and get used to it.
The ‘Signals’ section will help you control which are the signals that you are currently following and that were sent by trading groups. You can select different trading groups that you want to follow according to your needs and trading strategies. These trading groups provide information about specific trades and exchanges, allowing the bot to set up the trades automatically.
Through the ‘Utilities’ option, you will be able to exchange your funds in cryptocurrencies to other stablecoins. If you have Bitcoin, you can easily transform them into USD Coin (USDC), Paxos Standard (PAX), Tether (USDT) or TrueUSD (TUSD) on the Binance platform.
Stablecoins are cryptocurrencies that have a stable value and that do not fluctuate as other digital assets in the market. This is very useful for traders that want to keep their funds at an exchange, close trades or just stay on the sidelines for a longer period of time until they find a specific trade.
Tether is the most popular stablecoin in the market since it has a valuation of over $4 billion and very large liquidity. In general, it is very useful to leave the funds in USDT or other stablecoins such as USDC when trades are not opened. Cryptocurrencies tend to be very volatile and all the profits must be transformed into stablecoins.
At the same time, you can also set up a trading configuration that would help you manage different aspects of the trades you have. You can establish the amounts per Trade you will handle, the number of entry targets and the stop limit price reductions.
You can improve your trading strategies over time and learn how to better set up a trading strategy. Once you try and test different strategies, you will be able to have better results.
Start Trading With AltSignals Trading Signals for Cryptocurrencies and FX
One of the most interesting things about this trading bot is the possibility to start following crypto trading signals channels. If you are a novice trader or you just want to earn some profits on your cryptocurrencies, the best thing you can do is to start trading following some of the most recognized trading signals channels in the market.
AltSignals is one of the most profitable and trustworthy trading signals channels that provide crypto and FX signals for traders. Once you select ‘General Configuration’, ‘Channels’ and ‘Subscribe to Channel,’ you will be able to see a list of all the available channels that you have and that you will be able to get subscribed to.
Be sure to be already following the AltSignals trading groups if you don’t do so in order to receive the trading signals and get subscribed with Cornix. Once you have done that, you can select the auto-trading button.
Every single time that AltSignals provides a trading signal, you will not have to manually add the trade in the Binance exchange, but Cornix will be doing all the job for you. This would make the whole trading experience much more streamlined and easy for novice and expert traders.
Through the trading bot, you will be able to trade on multiple exchanges at the same time. However, it is important to remember that you will have to connect the exchange with the Cornix platform.
AltSignals was recognized as one of the most trustworthy Crypto Trading Signals Channels on Telegram. The firm releases trading reports on a monthly basis in order to show traders and followers that they are profitable and that the trading strategies they have are very useful over time.
The services provided by Cornix are paid. Users have the premium subscription for $25 monthly or the auto trading solution for $33 each month. In the premium option, you will have 24/7 trade management, advanced trading features such as trailing entry, take profit and stop, among others.
The Auto trading solution includes everything that the premium subscription includes but it also adds automatic signals following and advanced auto trading configuration for more expert traders.
The Cornix trading bot will make your whole trading experience easier and faster through a wide range of tools that can be managed through Telegram. The prices for the services provided are accessible for most of the traders considering there are several other trading platforms in the market for higher prices.
Moreover, the trading bot already supports a large number of exchanges and trading platforms that are usually the most popular ones. You can start using Cornix in just a few minutes and increasing your profits over time.
Disclaimer: The information presented by AltSignals and its writers is for informational purposes only. It should not be considered legal or financial advice. AltSignals and its writers are not financial advisers. You should consult with a financial professional to determine what may be best for your individual needs.
AltSignals and its writers do not make any guarantees or other promises as to any results that may be obtained from using their content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence.
Please always invest within your means and do so responsibly.