Bitcoin Trading How-to Guide and Strategies. Dec 11, · Trading with automated crypto trading bots is a technique that uses pre-programmed software that analyzes cryptocurrency market actions, such as volume, orders, price, and time, and they are rather common in the bitcoin world, because very few traders have time to stare at the charts all day. Gekko Bot, a strategy adapted for BTC/USDT pair on bitmoneylab.dested over times on bullish as well as on bearish markets. Gekko Bot has shown a proven accuracy and consistency during the modelisation. Gekko Bot uses technical indicators such as: MA – EMA – RSI – MACD and ICHIMOKU. It’s also empowered with several Stop-Loss set on indicators.
Trading bot bitcoin.co.idLearn How to Day Trade Bitcoin: a Guide with Winning Trading Strategies
As one of the most complex…. You need to first learn the basics of trading and understand how to properly manage risk. Last Updated: October 23, Why are crypto trading bots useful? How do you choose the best trading bot? Team Reputation 2. General Bot Features 4.
Trading Bot AI 5. Prices 6. Ease of Use 7. Reviews Top 17 Best Trading Bots 1. Gunbot 3. CryptoHopper 4. TradeSanta 5. Gekko 7. Zenbot 8. AutoView 9. CryptoTrader BTC Robot Shrimpy Zignaly ProfitTrailer Exchange Valet Autonio Outsiders 1. Tradewave 2. Increased speed. Running period. Not suitable for inexperienced traders. Requires monitoring. Present security concerns. Automated Crypto Trading Bots Worth Your Attention Many traders are facing the difficult task of choosing software for analyzing the cryptocurrency market data.
What's New? Main Features. All plans include. Not very useful to inexperienced traders. Gunbot Gunbot also known as Gunthy boasts of over active traders. The prices have not changed since our last review.
Relatively expensive There has been of occasional bug reports. CryptoHopper Cryptohopper is a cloud-based crypto trading bot that works with a wide range of exchanges and coins. Insufficient team info. TradeSanta TradeSanta is a new cloud-based tool but with an already established reputation. And we have moved the bot to the 4th place. Only suitable for trusted strategies Few firsthand users Sluggish customer support. Gekko Gekko is an open source cryptocurrency trading bot that you can download on GitHub platform.
Features Web interface: The bot comes equipped with a web interface that allows you to monitor data and trading strategies. Back-test feature: Gekko allows you to back-test data and see projections of your trade results. Notification feature: It also keeps you updated through social media platforms, email, and telegram. Zenbot Zenbot is yet another open source bitcoin trading bot.
AutoView Autoview is a low-cost crypto trading bot that comes in the form of a Google Chrome extension. CryptoTrader CryptoTrader is an automated cloud-based crypto trading bot. Test against market conditions: CryptoTrader allows you to test your strategies against backtested data and prevailing market conditions.
It keeps you on top of the market by updating you on market events and trends through text and email notifications. Scant information on the team behind it. Features Easy to install: The bot is known to be easy to install and use. Some users, however, claim that some of its technical aspects are hard to grasp.
Also, the company points out that the predictions made by its algorithms are not always perfect. Shrimpy Shrimpy emerged on the market, in , and has quickly gained popularity in the trading community.
Features The primary feature of this tool is a built-in auto trade algorithm that can place orders on your behalf. Aside from automating the trading process, Shrimpy can offer a decent range of additional features: Rebalancing — Instead of merely buying and holding crypto, this feature realigns your portfolio of assets for the maximum gain. Backtesting — Analyze your potential strategy and compare it with historical results.
Relatively undertested bot No mobile app Not as high-yielding as other bots. Zignaly Zignaly is another cloud-based platform requiring no installation or server updates.
Features Here are the main features that make this an attractive tool for traders: Crypto signals — The platform features third-party signalers, including Mining Hamster Signals, Crypto Base Scanner, and others of this type.
These providers are actually industry professionals that analyze market fluctuations and predict favorable conditions for profits.
Trailing stop-loss — This feature is not something most exchanges offer, but it is one of the most popular strategies. It helps you profit from the market upside without the risks of losses from the crypto market upside. TradeView bot — Zignaly connects to your TradingView account. TradeView bot allows you to utilize custom trading signals in combination with automatic indicators. No limit on trades — There are no limitations on cryptocurrencies you can trade.
It gives traders a lot of freedom to choose. New to the market Still in beta phase Vulnerable to glitches. ProfitTrailer Over the last two years of existence, ProfitTrailer has managed to acquire quite a good reputation. Mobile-friendliness — The platform can be accessed on Android and iOS without losses in graphics or speed. Virtual private server — Normally, VPS comes with an extra cost. ProfitTrailer, on the other hand, includes VPS in three out of five pricing plans to provide a fully managed hosting environment.
Live chat — The brand offers multiple channels of communication, including live messages, support tickets as well as educational materials like a detailed FAQ section and video guides. ProfitTrailer Pricing ProfitTrailer lets you choose between five packages varying in API key slots, trading settings, configuration saves, buy-sell strategies, and some other features.
Hard to configure No documented proof of performance Has to be regularly rebooted. Features Kryll. It ensures control of the strategies, even advanced ones. Drag-and-drop editor — With this feature, you can create custom strategies by picking functional blocks. The right combination of these blocks can make a powerful one-of-a-kind strategy. All the results and statistics about these strategies are made public.
If other users utilize your strategy, the earnings are also in KRL. Still in a nascent stage Strategies may be expensive to use. Only two exchanges supported Lack of transparent ownership Need to download an app. Features For example, Margin. No variable fee structures Large initial investment Overly complex custom strategies. Autonio Autonio is a decentralized, artificial intelligence trading tool.
Features Here are the most notable characteristics about the Autonio trading bot: 30 key trading indicators — including Relative Strength Index, Bollinger Bands, Ultimate Oscillator, and EMA crossovers Users maintaining control over the process — Even though the trade is automated, users decide how frequently the robot places trades, whether a strategy needs to be optimized, how to integrate various indicators, etc.
Backtesting — You can trail strategies with five indicators and see how it would perform on real historical figures Social investing and trading — You have the option to track experienced traders and manage with their actions to achieve similar portfolio and profits Uncommon features — trading consultancy, algorithm marketplace, order flow trading.
Few exchanges One pricing plan with no cheaper alternative Little information about the team. Tradewave The Tradewave bot has been discontinued Tradewave was not a traditional trading bot.
Features Cloud-based: This platform used Python, and it allowed you to code on your browser and have the bot run on the cloud. Shared trading strategies: Another great thing about Tradewave is that there were trading strategies shared in its community that you could try out.
Tradewave Pricing It cost Limited free version. USI Tech Pricing You can opt for your preferred investment plan from which will then earn you about 1 percent of your capital daily. Results not guaranteed. Show all Show less. Show all. Show all 8. The contents of this article are not intended to be financial advice and should not be treated as such. It is a good trading strategy is imperative. But also important is that these strategies are applied to the right platform. Now truth be told, programming experts and IT gurus are not the only individuals interested in Bitcoin trading.
As such, if you are not highly skilled in IT, you will want a Bitcoin trading bot that is easy to use and that will make life easier. All of the companies listed have trading bots that are a breeze to use.
They are suitable for newbies to Bitcoin trading and also the experienced in the same. Bitcoin is a rather secure cryptocurrency. But this does not stop people from trying to conduct creative and tech-powered steals. As such, you need to consider the security of the trading bot before using it. The companies we review have high levels of security. Cryptohopper is a newcomer to the automatic trading scene but has been rapidly growing in popularity for several reasons.
Their bot is also very easy to pick up for new users, due to the fact that they are the only trading bot to embed external signalers, allowing inexperienced traders to let their bot trade on autopilot under the expertise of these signalers. Traders with more experience can also take a manual approach, by configuring sales based on multiple technical indicators. Next, to this, Cryptohopper offers to backtest, trailing stop loss including features to let your bot only sell with profit , ability to trade using multiple exchanges and generally pleasant user interface.
Most of the crypto trading bots are capable of doing what you configured them to do. However, in a market as volatile as the crypto market, one needs to be ready to adapt to the sudden change in market conditions. This is where one would need a smart trading bot like the 3Commas trading bot. You might think that no trading bot can be smart enough to adapt to the changing market conditions. However, the 3Commas bot comes with a unique feature called the trailing loss and trailing profit.
When using any other trading bot, you would be able to set stop losses to avoid the overall loss and take profit to secure the profit that you made. However, if the coin goes on to perform better after the bot sold your position, there is no going back.
The trailing feature offered by the 3Commas bot helps to achieve exactly that. The bot will analyze the market conditions and will make sure to sell your coins at the right time.
Thus, ensuring the maximum return of your investment. This feature that allows the bot to act quickly to the changing market conditions makes the bot special. Apart from this, the 3Commas bot provides all the features that you can see on a normal trading bot such as stop loss, take profit, automatic trade, etc.
The bot is hosted online which makes it available always. You can access the bot from any internet connected device by visiting your account on the website.
The bot can be paired with 13 of the most popular crypto exchanges including Binance, Kucoin, Bittrex, etc. Given the current bearish trend in the crypto market, it has become very hard you anyone to make money.
So, why not give the 3Commas bot a try and see how it can help you generate income even in a bear market. Although the cryptocurrency trading bots are still in its initial stages of development, there is a free beta version of the trading bots available for use.
Even though it is quite new in the market, people have readily opted for the Zignaly bot. The completed version will be available to the users for a chargeable fee. One amazing thing about the Zignaly trading bot is that it can be integrated seamlessly with TradingView.
Thus, the Zignaly bot can be used to execute the various trading strategies directly on Binance. While the current support for the exchange on the beta version lies only with Binance, there are plans to include other exchanges in the near future. There are some unique features which have been integrated into the trading bot by the developers. These include no limit on the pairs that you can operate on and an option to edit the positions as and when you choose. These have made trading quite a lot easier since there is no need to upgrade to any Pro version to enjoy the features such as the ones mentioned above.
The Zignaly bot also prides itself on transparency. On the official website for the Zignaly cryptocurrency trading bot, there is detailed information about the founders and the rest of the team along with their various social media profiles so that the users can connect with them directly. The aim of the developing team is to provide the users around the world with a trading bot that is available on all major exchanges.
The developers have created a user-friendly ecosystem on the bot, offering quite a lot of features in the beta versions and bringing a lot more in the complete version. They offer algorithmic crypto trading bots supported on the major Cryptocurrency exchanges like Binance, Bitmex, Kraken, Bitfinex, Bitstamp, Okex, Bitpanda and so on. The bot has a super user-friendly interface, and our users love this simplicity. This makes it easy for beginners to get started.
You will be able to pilot your trading bot from your smartphone and change your budget allocation in total freedom. For high-frequency trading, they have developed hourly strategies that are very promising, during the recent crash has responded incredibly. More importantly, your money never leaves your wallet. It cannot be safer than this!
You just need to connect the bot via API giving permission to trade on exchanges. This new-age trading bot is definitely worth a try for both savvy and new crypto traders. Most of its users think that the BB strategy is the best and will rake in huge profits for them. This trading bot, however, comes with 3 package plans that vary in price. The prices range from between 0. Gunbot is on several cryptocurrency exchanges including Poloniex, Kraken, Bittrex, and Cryptopia. When using this trading bot, you are advised to pay keen attention to your trade.
Well, the trading bot is configured to deal with the volatility in the market. In case of the volatility spikes, you should turn it off. Gekko will always be among the top of the list. It is by far the most popular — probably because it is a free Bitcoin trading bot. It can be downloaded from the GitHub platform relax, you do not need to be a tech guru to navigate this platform.
But if you need some help, there are numerous YouTube videos to show you how to go about it. Gekko is an open source piece of software that is constantly being improved upon by talented developers all around the world. This trading bot is supported by most cryptocurrency exchanges including Bitstamp, Poloniex, and Bitfinex. Gekko is easy to use, fully automated an straightforward. For newbies in the bitcoin industry, learning the ins and outs of this trading bot will be the least of your worries.
The software comes equipped with essential trading features. These features include a web interface that is designed to monitor your trading strategies and data. Also, the bot can run on some backtested data and help you visualize the trade results. The bot is designed to run on most major operating systems including MacOs, Linux, and Windows.
The bot can also keep you updated through telegram, email and other social platforms. However, you should bear in mind that Gekko is not a high-frequency trading bot and as such, it does not execute the so-called arbitrage trades.
This is yet another free bitcoin trading bot. Like Gekko, it is an open source bot. Zenbot has been created using artificial intelligence.
As such, unlike Gekko, it can exploit the arbitrage opportunities and execute the high-frequency trades. Additionally and this is a huge plus for this trading bot , the software can perform multiple cryptocurrency trades at the same time. The developers of this trading bot maintain that they still are working to improve on the bot and in future, it will be supported on all exchanges available.
Stop losses and trailing stops are especially welcome elements here, as they help you tremendously with risk management. This is arguably one of the best crypto trading bots on the market which is best reflected in their huge customer base over k users and large signals marketplace.
Here is a full review of Cryptohopper crypto trading bot. The two merged their ideas, skills, and experiences and created Cryptohopper. Cryptohopper comes with a range of features such as: mirror trading, paper trading, trading strategies designer simple drag and drop design , automatic trading and trailing stop loss.
Their marketplace is huge and divided in three sections where you can buy templates, trading strategies or simple signals when to enter or exit a position from more experienced traders that are transparently ranked on Cryptohopper by their to-date success.
Work is apparently being done to integrate the cryptocurrency trading bot platform with other well known crypto platforms like HitBTC, Cobinhood, Cex. Quadency is a new trading platform that offers comprehensive crypto experience. Its main feature are trading bots — seven of them currently deployable with a click of a button. Quadency is along with Cryptohopper and Bitsgap the best Binance bot on the market. Considering it works great with Coinbase Pro, it is also a contender for the title of best Coinbase bot as well.
Bitsgap is a new young startup from Estonia that built a powerful cryptocurrency trading terminal that plans to rock the boat of the established incumbents. The number of supported exchanges is impressive — This fact also means more arbitrage opportunities since there are a lot of exchanges that are tracked and hence there is a high probability of finding a big price difference between them.
So Bitgsap is a platform that supports trading, portfolio tracking, arbitrage, trading signals, bots — a full spectrum of cryptocurrency service that can be managed from one dashboard. Of course, Bitsgap also has a demo version that you can take for a test ride and try out all your trading strategies without risking real money. Bitsgap shines especially when it comes to arbitrage and it is certainly the best crypto arbitrage bot.
Click here to read our complete Bitsgap review. Coinrule stands out among competitors with its If-This-Then-That rule logic. This approach allows even less advanced traders to build their trading strategy in minutes. The user-friendly interface guides users in developing the trading bot step-by-step. Over templates help beginners in finding the perfect trading strategy that suits their needs. The platform allows plenty of different trading strategies, including stop loss and take profit in one and integrates the most common technical indicators such as Moving Averages.
Another exciting feature is the built-in Demo exchange. Traders can test their trading system in a safe environment with a virtual allocation of coins. The Demo exchange is modelled entirely on Binance and you can try your strategies risk-free. If you want to find out more, here is our full Coinrule Review.
Plus, they still offer the free demo to try everything out first! Just as the name suggest, the ping pong strategy allows you set a buy and sell price and the bot will do the rest.
The mArgin maker strategy is a bit more advanced and can buy and sell based on price action adjusting with the course direction of the market. They obviously have a good designer on their team as their GUI is by far the best looking out of all bots and has lots of customization options. One drawback is that it is not a cloud-based software, rather a downloadable progmram that you run from your local machine. If you want to find out more, here is our full Margin bot review.
Zignaly is another bitcoin day trading software that is cloud based and since recently also offers additional service of crypto signals. It is handicapped to the leading platforms in the number of exchanges it supports — right now it only works with Binance, Kucoin, BitMex, Poloniex and Bittrex with a promise of addition of new exchanges in the near future.
It also has a trailing stop loss option, a feature that is evolving into a must-have for all trading platforms, especially automated software like Zignaly. Just like other bots from this list, Zignaly works via API keys, has no ability to withdraw your coins and all activity is done directly on the exchanges and not routed through their servers — meaning, the bot is as safe as it gets.
You can also do a DEMO for 30 free days before buying the subscription. The name referencing the billion-dollar club is a Russian made software solution. Binance, CEX. You can read our head-to-head comparison of 3Commas vs Cryptohopper to see how well it fares against the top dog of the cryptotrading bots. As for the full 3Commas review, you can read it here. Haasbot algorithmic trading software was created In January by Haasonline.
This crypto trading bot is very popular among crypto enthusiasts and trades bitcoin and over altcoins on many major crypto exchanges, including fully automated trades on platforms such as Kraken, BTCC, GDAX, Poloniex, Bitfinex, Gemini, Huobi and many more. You can see our full review of Haasbot here. On paper, this cryptocurrency trading bot does all of the trading legwork on behalf of the investor.
However, some input is required. Haasbot bot is highly customizable and enables a variety of technical indicators, and is also capable of recognizing candlestick patterns. One has to be knowledgeable to use this trading bot and make a profit from doing so, considering it costs between 0. There is, however, an extensive knowledge base for the traders willing to learn, provided by the creators on their site. Gunbot is an older crypto trading bot but still one of the more advanced BTC trading software that provides a wide range of settings and strategies which are ideal for both beginners and professionals.
It is used to take over most of the workload of traders on the cryptocurrency markets. The cryptocurrency trading bot gives users the opportunity to customize their trading to a level which no other trading bot can provide. Almost all the strategies and technical indicators that manual traders use on a daily basis can be found in this bot and used to trade automatically. The interface is user friendly so that everyone can easily get a hang of it.
It is suited for more experienced crypto traders as well as beginners; some strategies are highly configurable while others are easier to use. The program comes with tons of trading strategies that are highly configurable and includes different types of insurances to optimize your crypto trading which are explained on the website.
Read our full Gunbot crypto trading bot review. Gunthy coin is a feature that no other trading platform offers, a cryptocurrency token that is offered to the users when buying the the bot.
The amount of tokens sent to the buyer are derived from the type of license that they acquire. Why is this important? Its community is highly active on social media platforms to discuss different trading strategies and help each other out. The trading platform provides different packages which can be upgraded if needed. There are 4 different licenses available, ranging from 0. CryptoTrader is less known cryptocurrency trading bot that is gaining popularity.
This cloud-based automated cryptocurrency trading bot claims to allow users to build algorithmic trading programs in minutes. Not having to install unknown software is a big plus. However, it remains to be seen if this platform is legitimate. Click here to read full CryptoTrader review! All major crypto-currency exchanges, such as Coinbase, BTCe, Bitstamp, and more, are supported for both backtesting and live trading.
Using their paper trading backtesting tool, you can see how your trading strategy would work over different market condition.
Their goal is to provide traders with cloud-based automated trading solutions powered by cutting-edge technology, and the company states that its automated trading bots in are unique compared to the current best crypto trading bots on the market today. Open source code and link to the github — anyone can check the code and algorithms of the automated trading bots. A social analyzer that searches and sends information to the user about upcoming airdrop, hardfork, re-branding, and so on.
The user can customize the keyword dictionary on his own. It is based on the research conducted by the team, which confirms the influence of news on the crypto rates. The second tool is an arbitration bot, which not only checks the arbitrage windows, but also checks whether the deposit and withdraw of currencies are available at the moment. It is an important point because the majority of trading bots do not verify it.
Another important detail is the ability to set the desired volume of arbitration. This is a very useful and rare feature. Telegram assistant. For convenience, the project team has developed a telegram assistant that allows you to fully manage all the bots. On the site you can learn about the history of bids and general statistics on bots. Gekko is a Bitcoin trading bot and backtesting platform that supports 18 different Bitcoin exchanges including Bitfinex, Bitstamp and Poloniex.
This automated trading bot even comes with some basic trading strategies, so using it seems rather straightforward. Gekko comes with a webinterface that was written from scratch.
It allows you monitor your local data, strategies. It can also run backtests and visualize the results. Using plugins, which are available for IRC, telegram, email and a lot of other platforms, Gekko is able to update you wherever you are! Gekko runs flawlessly on all major operating systems Windows, macOS, and Linux. You can also run it in the cloud or on your raspberry PI without any issues!
It will not exploit arbitrage opportunities, nor is it a high-frequency trading bot by any means. With a good list of supported cryptocurrency exchanges, Gekko is definitely a bitcoin trading bot that is worth checking out.
It is important to note that this trading bot has not seen any major updates over the past few months. However, it is available to download and modify the code if needed. This marks the third iteration of Zenbot, which is still a lightweight and artificially intelligent bitcoin trading bot, and it is also one of the very few solutions capable of high-frequency automated crypto trading and supporting multiple assets at the same time.