Automated trading bot introduces advanced strategies to DEXs

A new automated trading bot from goodcryptoX (CRYPTO:GOOD) is revolutionising decentralised exchanges (DEXs) by offering advanced trading strategies like onchain dollar-cost averaging (DCA), limit orders, and market screening.

This innovation brings centralised exchange (CEX)-like functionality to DeFi while maintaining user security through non-custodial smart contract wallets powered by Ethereum’s (CRYPTO:ETH) ERC-4337 account abstraction.

Historically, DEXs have been limited to basic token swaps, requiring users to sign each transaction manually.

However, the introduction of goodcryptoX’s trading bot addresses this limitation, enabling features such as trailing orders, automated yield maximisation, and portfolio rebalancing.

These tools allow users to execute complex strategies without sacrificing control over their funds.

The standout feature is the onchain DCA bot, which automates advanced investment strategies previously restricted to CEXs.

Unlike traditional DCA tools that make fixed-interval purchases, goodcryptoX’s bot adjusts positions dynamically based on price movements.

It also customises order sizes and integrates features like trailing stops and sequence repetition for greater risk management and flexibility.

The platform also supports a variety of other strategies.

For example, the "safety net" strategy accumulates tokens at lower prices during market dips, while "volatility scalper" setups capitalise on price swings.

Users can also configure "multiple take-profits" to lock in gains at different levels automatically.

GoodcryptoX ensures security through multiparty computation (MPC) wallets, allowing users to retain full custody of their assets.

The platform also integrates session keys for granular wallet permissions, ensuring that trading remains secure and decentralised.

Over the coming months, goodcryptoX plans to expand its offerings by adding support for Solana (CRYPTO:SOL) and Binance Smart Chain (BSC).

It will also introduce new tools like grid bots and sniper bots while launching its native token, GOOD, which will offer governance rights and fee discounts.

With its advanced features and commitment to DeFi principles, goodcryptoX aims to bridge the gap between centralised and decentralised trading platforms.

By combining functionality with security, it sets a new standard for DEX trading.