Guide to crypticorn’s super fast cryptocurrency telegram news trading bot. Trade crypto market moving news with AI sentiment analysis as Telegram Bot.
What are Telegram Trading Bots?
First things first: Telegram trading bots have emerged as powerful tools in the volatile world of cryptocurrency trading, seamlessly integrating automated crypto trading strategies with Telegram’s user-friendly interface.
These Telegram bots provide a variety of functions for both novice and experienced traders, allowing them to navigate the complexities of the cryptocurrency market with greater efficiency and precision. Crypticorn offers AI news trading, AI crypto signals trading, and fully automated trading via the Telegram interface.
Our Telegram trading bot currently supports the following exchanges for trading perpetual futures:
- Bybit Exchange
- Soon: Bitget and more
The Telegram news trading bot is one of the AI crypto trading bots available by Crypticorn AI.
What is Crypto News Trading?
If you are not completely new to cryptocurrency trading, you are aware that news has the ability to move the market. Good news will pump the market, while bad news will dump it. Isn’t it simple?
There are a few examples of this; Let me show you what news trading could be:
- Elon Musk: One of the most powerful figures in the cryptocurrency industry. His tweets about the DOGE coin pump the cryptocurrency coin. So, you could trade twitter news with our Telegram bot.
- FTX collapse: The collapse of FTX sent the entire cryptocurrency market up.
- ETH ETF fillings: The news of an ETH ETF filling pumped ETH. The news was later proven to be false, and the market crashed. We were able to profit from this (see profit graph at the end).
These are just a few examples of how news can be used to pump and dump the market. Crypticorn’s Telegram news trading bot allows you to trade this news on the perpetual futures market by going long or short. Such market-moving crypto news occur approximately 2 to 10 times per week. As a result, you have a lot of opportunities to profit with leverage from such market-moving events.
In short you can trade:
- Twitter news headlines or X news headlines
- Big whale movements of cryptocurrencies
- Updates from the SEC and other financial news
- more to come!
What is AI Sentiment Analysis for News?
The use of artificial intelligence (AI) to identify and classify opinions expressed in written text is known as sentiment analysis. It is a powerful tool for understanding and analysing public opinion, news headlines, tweets (or posts on X, formerly Twitter), Reddit posts, and other sources.
Because we use pre-trained modules, we do not need to train our own natural language processing (NLP) models. This is known as supervised sentiment analysis, which uses labelled text datasets to classify news headlines as positive, negative, or neutral.
AI sentiment analysis is a difficult task because the AI must understand the nuances of human language. However, thanks to advances in machine learning and natural language processing (NLP), it has become increasingly accurate in recent years.
With our AI sentiment analysis, you can quickly determine whether a crypto news headline is positive, negative, or neutral. This will allow you to make market decisions more quickly, resulting in better results and higher profits.
We intend to improve our AI sentiment analysis in the future to better understand crypto and financial news.
Core Functionalities of Telegram Trading Bots
Our Telegram trading bots act as automated intermediaries between you, the trader, and centralised futures exchanges. Other Telegram bots for decentralised exchanges (DEX) exist, such as Pancakeswap, Uniswap, Sushiswap, and others, but we are currently focusing on CEXes.
The Telegram bot connects to the exchange securely using your API keys and executes trades based on your predefined rules in conjunction with Crypticorn’s AI crypto signals, news, and more. In this way, we hope to eliminate the need for manual intervention in the future.
Key Features of Telegram Trading Bots for News Trading
- Real-time market data: Our Telegram trading bot keeps you up to date on market data, such as AI crypto signals and news. This real-time data enables traders to make informed decisions and capitalise on new opportunities.
- Automated trade execution: The Telegram trading bot automates trade execution, saving you time and effort while reducing the possibility of human error. The crypto trading bot can be set up to execute trades based on a variety of parameters.
- Fast trading execution: Crypticorn’s crypto trading bot for Telegram allows you to pre-define your settings. Set the take profit (TP), stop loss (SL), trading mode (cross or isolated), amount of USDT to trade, and time after which the trade will be automatically closed.
- Mobile access from everywhere: A Telegram crypto trading bot has the advantage of being accessible from anywhere with an internet connection. You don’t have to wait long, and you can easily place and monitor trades while chatting with your friends.
- User-friendly Interface: Crypto trading bots on Telegram have a nice user interface with buttons and commands. It’s simple to use and comprehend what to do and how to do it. And, with Crypticorn’s help, you can easily use our Telegram AI trading bot to make daily profits.
Risks Associated with Telegram Trading Bots
While Telegram trading bots provide convenience and potential returns, it is critical to understand the risks involved: Crypto trading is not for the faint of heart; you must understand what you are doing or you will experience more losses than wins. Here is a list of risks you should be aware of:
- Market volatility: Cryptocurrency markets are inherently volatile, and even the most sophisticated trading bots, including Crypticorn’s superior AI trading bots and AI crypto signals, cannot guarantee profits. News that changes everything is another source of market volatility.
- Market manipulation: Market manipulation is common in cryptocurrency, particularly with small shitcoins. Pump and dump schemes involving pump signals from Telegram groups should be avoided.
- Too much leverage: Using excessive leverage will result in greater losses. To break even after a 50% loss, you must win 100% of the time. Many cryptocurrency traders are unaware of these ramifications. Too much leverage will result in such losses more frequently and much faster, as they are frequently used by inexperienced traders who use isolated mode and a too tight stop loss in volatile markets and market events.
Recommendations for Using Telegram Trading Bots
Consider these suggestions to improve your experience with Telegram crypto bots to reduce risks and maximise benefits:
- Thorough research: Before connecting to your wallet or account using API keys, do extensive research on the legitimacy, security measures, and reputation of the Telegram trading bot.
- Understand the bot’s functionality: Before using larger trading amounts, familiarise yourself with the bot’s features, trading strategies, and risk parameters. Never use something you don’t understand.
- Start with small amounts: Begin with small investments to test the bot’s performance and test your level of comfort.
- Monitor bot activity: Monitor the bot’s trading performance on a regular basis and report any anomalies or unusual behaviour to Crypticorn via Discord or Telegram.
How does our Crypto Trading Bot for Telegram work?
So, let’s get started with creating your own Telegram bot for crypto AI trading with news and AI crypto signals. Here is our step-by-step procedure:
- Open https://t.me/aicnewssignaltest_bot
- Press “start”-button
3. press or use the command /clone and follow instructions. Choose Bybit for now as your exchange. Make sure you have the permissions added which are in the instructions text.
4. Choose the Exchange and enter your API keys. Here is a step-by-step guide on how to generate API keys to connect a crypto trading bot to an exchange. Please give ALL permissions besides the permission to withdraw your funds or send your coins on-chain. Then the bot can only trade, but never send your coins somewhere.
5. Go to @botfather and create a new bot using comment /newbot. Give it a name and username and the @botfather will send you a message with an API token or key. Here is the link to the BotFather.
6. Forward the whole message to @aicnewssignaltest_bot
If everything went correct the Telegram news trading bot will reply with “Bot Successfully created” or “Bot successfully Cloned”.
7. Go to your personal bot and press “/start”.
8. Open the config menu with /config and set your desired Trading Settings.
9. Do all the settings needed: take profit, stop loss, amount, trading mode (isolated or cross – see below for an explanation) and the leverage.
After you’ve configured everything, you’ll receive your signals via the Long and Short Buttons. Check that your account balance is sufficient.
If you use leverage, the TP and SL values will be multiplied by it. For example, if you have 1% TP at a 20x Leverage, the TP will be automatically set to 20%, as will the SL.
The Timer in the configurations is optional because it will be used for AI crypto signals later on.
What is the Difference between Isolated and Cross in Crypto Perpetual Futures Trading?
The exchanges that provide these services explain isolated and cross trading. But what does this mean for you? It’s simple to understand; here’s a summary:
- Isolated: you can only use your whole position.
- Cross: you can lose everything that is in your crypto futures trading account!
But when should you use which? In general, if you are a beginner, you should always use Isolated mode to reduce your risk of error. Furthermore, you should not use more than 10x leverage. In isolated mode, the exchange will set your liquidation price, which will not be at a complete loss because the exchange must ensure that your order is filled if the liquidation price is triggered.
Trading in cross mode can result in a loss of more than 100%. We use it when trading with extreme large leverage of 25x or greater. This ensures that we are not liquidated too soon in a volatile market. This is only for experts, and you should proceed with caution.
As always, don’t just dive in and hope to win. To truly become long-term profitable with crypto trading, you must continually learn and evolve over time. Remember, this is a marathon, not a sprint. Crypticorn and its AI-based trading bots, AI crypto signals, and other tools will help you achieve your objectives. Good profits!