It is always hard to come across a genuine cryptocurrency trading robot since they are new in the market. It is not like finding Forex trading robots which are everywhere, since even traders can make their own as long as they learn how to program with one of the programming languages allowed on the trading platforms. For cryptocurrencies, the trading robots are still new.
The term could easily be confused to mean a general automated system for trading cryptocurrency, but that is not the case. Automated Crypto System is the name of a cryptocurrency trading robot.
According to the information on the website, Automated Crypto System was created by David Richmond, an expert developer in the field of cryptocurrencies.
However, we have not been able to corroborate if it is a real person and the lack of clarity about the identity of the company or the founder of this system raises serious doubts about its veracity. Consequently, we warn our readers about the use of this automatic trading tool.
This is the question at the back of the mind of every crypto trader whenever he or she encounters a new crypto trading robot; is it something that is legitimate or will it end up being another scam? And for sure you cannot avoid asking yourself such questions since there are very many scammers out there and if you are not careful you may end up in the hands of one.
Actually, before falling for any crypto bot, take your time to research it. Know what the other traders feel and say about it. Read through the reviews and try to clarify whether what is said in the reviews is true or false.
For the Automated Crypto System, we could not quite guarantee that it is a legitimate crypto bot. There is little feedback from traders about it and it would premature to term it as a legitimate crypto bot.
The Automated Crypto System claims to trade Forex in addition to trading cryptocurrencies.
The platform is integrated with Option24 broker, which is a Russian Forex trading broker. By using a Forex broker, it is quite unsure if the crypto bot is really optimized for cryptocurrencies or just Forex pairs. Remember, cryptocurrencies are more volatile than forex markets and they require special trading robots that are more agile.
According to the developers, the system is designed to analyze the markets for probable signals every minute. Therefore, every minute the robot should generate a trading signal and then go ahead to place a trade respectively. This makes it a scalping robot which works well for Forex market though it is not confirmed for cryptocurrencies.
The developers also go ahead and claim that the bot also takes into account the fundamental analysis of the markets.
From these deliberations, we would recommend investing your money with another crypto bot if you really want to make money from cryptocurrencies.
Since we could not confidently prove that the Automated Crypto System bot is surely profitable when trading cryptocurrencies, we would recommend registering with a more recognized crypto bot like Bitcoin Loophole.
Bitcoin Loophole is a verified crypto bot.
Unfortunately, we could not recommend the Automated Crypto System crypto bot as a 100% legit crypto bot. It seems to be too much into Forex trading and there are doubts that it could really survive in the crypto world.
However, we recommend opening an alternative account with a trusted crypto bot like Bitcoin Loophole, among others.