Bot is a trading tool and not magic, but it’s an advanced tool that allows me to make money without being stuck at my keyboard all day. I check my phone to see what it buys and sells, and check the dashboard now and then, and adjust the settings as needed © somebody on reddit
Backstory
In August 2017, I was eager to automate the cryptocurrency trading but had no idea what to start with. A year later, I managed to figure it out from scratch. Now I’ve got a lot of useful information for those who want to automate the strategy, choose a trading bot or maybe just break the mess.
Look, there are no 100% profitable autonomous bots, which you can launch and leave on their own. You have to create a trading strategy and control it in any market change.
Bots will eliminate most of the routine and emotional decisions. You should remember its not a magic crystal ball that will make perfect trades every time. But it can be.
I’d like to know it at the beginning:
1. The simpler the bot is, the more it loses during drawdowns
2. If you are guaranteed a profit, it is a Ponce scheme in 99.9% cases
3. On a bull market, almost any bot trades in plus. In the fall of 2017, everyone was a successful ICO investor, trader and crypto startupper. And what happened after the correction, you already know
4. The bot runs on a VPS faster more and reliably than on a local device
Trading Crypto Bots
From advanced and flexible to “peculiar” ones
In the review, bots are sorted according to the principle “the higher in the list, the more functional“. Script bots and those still in development are described separately.
ProfitTrailer
Advanced service for automating strategies with flexible settings. Domain registered in July 2014, and the service itself was launched in September 2017
Features: includes dozens of settings for trading — the selection of coins by volume, price change in 24 hours, maximum number of pairs traded, the blacklist of coins, setting a percentage of the deposit that the bot cannot trade, buy and sell trailing, DCA and others ( more in WIKI). Smart DCA.Convenient UI to monitor the entire coin market and open positions.
Traded pairs can be set manually or allow the bot to choose pairs on its own according to the settings: the bot analyzes the entire market and with a positive buy strategy signal enters the positions. In history you can see at what indicator values the buying was made. In configurations, you can create individual settings of indicators for any pair. You can even create your own strategy for each coin (recommended)
Indicators: SMA, EMA, MACD, Bollinger Bands, RSI, Stochastic, Stochastic RSI, OBV. Additionally available SMA spread, EMA spread, Gain (the minimum percentage of the profit at which the bot uses a sales strategy), SMA gain, EMA gain. The trigger can set the intersection of the indicator or the range of its value. For example, a purchase at LOW BB (lower channel boundary) is from 0 to -50%. When building a strategy, you can use an unlimited number of indicators in different timeframes
Strategies: there are 12 preconfigured configs
Margin trading: available on BitMEX
DCA: yes, you can set the entry conditions for the bot according to the price drop trigger, and the indicator signals (any combination), the number of DCA levels, the number of pairs, the conditions of the sell-strategy (can be different from the main strategy), the percentage of the deposit that the bot cannot trade in DCA (frozen deposit) and other settings (can be individual for each pair and for each DCA level)
Backtesting: no
Paper Trading: yes, runs the paper trading or real money trading
Exchange: Binance, Bittrex, Poloniex, Kucoin, Huobi
Trading pairs: all pairs on selected exchanges, the “market” is set in the bot — in what currency the bot will trade: BTC, ETH, USDT, BNB (for Binance)
Demo: no, but there is a demo version of the personal account, where you can see the partial functionality of the service (no configs are available) and the real trading with one of the strategies set by the developers. Pay attention to the “Pending” tab — these are the positions with a loss withdrawn from trading by the bot. Conditions for pending are set separately. You may use this option at your wish
Pricing: base — € 39 / month, € 350 / year; pro — € 59 / month, € 450 / year, rates with VPS from € 59 /month
Launch and installation: there is a choice between installing on a computer (Windows 7 and higher, Linux, Mac OS, Raspberry Pi) or running on a VPS hosting (in the cloud). VPS can be configured independently or buy a tariff with a pre-configured VPS. There is a mobile version, but it is not adapted for a mobile screen. No application
Sustainability: the service is more stable on the VPS. If you accidentally restart or crash the computer, the logs may not be saved; you will have to restore the history from backup files
Interface language: English, Russian, Spanish, German, French, Chinese, Korean, and Portuguese
Affiliate program: yes
Discuss in Discord or on GitHub
Comment: complete service with the ability to automate almost any strategy on technical indicators. Requires skill to work with json-files. Actual WIKI is only in English, have no time to support other languages. It takes at least one day to study WIKI. Support is responding, but not always fast.
The base rate + VPS is € 20 more expensive, with self-tuning of the VPS costs will be $5- $6 plus your time. Pro-tariff is has notifications in the telegram / discord and service with the bot statistics: the distribution of the deposit in percentage on the balance sheet, in positions, in DCA; profit for today, yesterday, 7 days, month; profitability graph.
When buying a lifetime license, the last sentence says in small print that the license applies only to the current version of the bot (now 2). When upgrading the bot to version 3, the license will need to be updated;the conditions are not specified. Read the conditions carefully!
ProfitTrailer is an advanced constructor for creating a trading algorithm. Recommended for experienced traders only
Haasonline / HAAS bot
Advanced service for the automation of trading strategies on cryptocurrency exchanges.One of the most famous, expensive and difficult to explore. Domain registered in January 2005
Features: a large selection of indicators, there are additional settings for buy/sell and safeties. Trailing, take profit, stop and iceberg orders are available (distribution of a large order to several ones when trading large amounts). The service offers an indicator scanner: finding the optimal indicator settings for a particular pair.
You can integrate it with telegram and Discord to receive notifications. The number of simultaneously running bots depends on the selected license, minimum from 10. A separate bot is configured for each pair. It is possible to write scripts for your own strategies. Arbitrage bot available — trading in 3 currency pairs within the exchange
Indicators: 48 indicators, full list here
Strategy: there are 14 pre-installed strategies, including PingPong, Scalper, Market Making Bot and others
Margin trading: with leverage (Bitfinex)
DCA: no
Backtesting: yes, available after payment
Paper Trading: yes
Exchanges: Binance, Bitfinex, Bitmex, Bitstamp, Bittrex, C-Cex, CEX.IO, Coinbase Pro (GDAX), Deribit, Gemini, HitBTC, Huobi, Kraken, Kucoin, Nova Exchange, OKCoin, OKEX, Poloniex
Demo: yes, the demo is publicly available to see how it works (better not use real money), also it has trial (advanced license) is available for 0.2BTC— 2 weeks license.
Pricing: has licenses for 3 months (0.028BTC — 0.08BTC), 6 months (0.05BTC — 0.144BTC) and 12 months (0.073BTC — 0.208BTC)
Launch and installation: need installation on a computer (Windows 7, x64 and above, Linux, Mac OS X 10.11 and above). No mobile app
Sustainability: no complaints about the service. Turning off or restarting the computer stops the bot
Interface language: English
Affiliate program: yes, 10% for each tariff payment by your friend
Discuss on the forum or on the Bitcointalk thread
Comment: despite the impressive choice of indicators, the service offers rather limited functionality: no spreads (SMA, EMA, MACD), a signal only at the indicator intersection, the range above / below the indicator value (BB, SMA, EMA) cannot be set, the number of candles after which the signal will remain positive cannot be set (applicable in strategies with the simultaneous use of several indicators).
Options of additional settings and insurance are inferior to the ProfitTrailer functionality. Struck by the lack of DCA. No DCA for at least $200 — how’s that possible? If you have experience in writing scripts, you can probably fill these gaps, but wasting your time for this money sounds incredible. Recommended only for experienced traders who understand exactly what they are buying and why
GUNBOT
Trading bot. Domain registered in March 2017, but the bot itself appeared on the market earlier
Features: can trade on several pairs, the list is set manually. For each pair, you can specify individual settings. Telegram notifications.Trading on signals from TradingView (available at the tariff of 0.3 BTC). In the interface, a chart with entry and exit points is visualized. Integrated to TradingView
Indicators: SMA, EMA, Bollinger Bands, ADX (Average Directional Index), ATRTS (Average True Range Trailing Stop), Ichimoku, MACD, MFI, RSI, StochRSI, Stoch
Strategies: 15 tools for creating strategies, including algorithms based on TA-indicators, Pingpong algorithms, Emotionless (suitable for beginner traders, without the ability to change settings), trailing stops, EMA spread and others. Important: for buying and selling only one tool is installed. In addition to the buying and selling conditions, you can set the signals on the Stochastic, EMA Spread, ADX, RSI, MFI, Stochastic RSI indicators
Margin trading: yes
DCA: you can set the number of levels, DCA ratio (at what percentage of the current position the bot will enter: 50%, 100%, 200%, etc.) and the indicator value (RSI or BB). At the same time, it is not possible to specify at which loss of position to enter according to DCA or, alternatively, how often the bot can buy orders (once per hour or 6 hours)
There is a chance that with the set RSI, say, 20 and with a negative profit, the bot will enter DCA an unlimited number of times (set maximum number of levels). But at the same time, the point of DCA is lost, and as a result, you can get a “bag”, which cannot be normally averaged with GUBNOT tools
Backtesting: yes
Paper Trading: yes
Exchanges: Binance, Bittrex, Bitfinex, CEX, Coinbase Pro (GDAX), Cryptopia, Huobi, Kraken, Kucoin, Poloniex
Demo: yes, the password is “demo”
Pricing: from 0.04 BTC to 0.3 BTC for an unlimited license (sold through resellers). There is a difference in the number of connected exchanges, instruments and the ability to trade on signals from TradingView
Launch and installation: require installation on a PC (guide). Supports Windows, Linux, Mac, and ARM. Adaptive mobile site. No mobile app
Sustainability: high, negative reviews not found
Interface language: English
Affiliate program: there is a program for resellers, to know the conditions write to telegram@GuntharDeNiro
Discuss on the forum, on Bitcointalk. If you have already bought a license, you will receive an invitation to a private telegram channel
Comment: before buying, I recommend you to read the conditions for creating a strategy carefully. Perhaps these conditions will not let you implement your strategy. Extremely limited DCA functionality, in fact allows the bot to buy a position with the “true” value of BB and / or RSI out of control. In the case of a good coin drawdown, you can get a large amount of position at a loss.
This review mentions the marketplace strategies with a comment that they are expensive, but I did not find the marketplace itself
Botee.Trade
Advanced service for creating and automation trading strategy of any complexity
Features: Flexible customization of the trading algorithm. Any indicator configurations on different timeframes (RSI 30min, BB 1h in the same strategy). Bot trades displayed on a chart (Long, Short, Stop Loss, Take Profit, etc). When clicking on any bar, the values of indicators and signals for buy and sell-strategies are displayed in the side menu. Margin trading with leverage (Bitfinex). Take Profit, Stop Loss, Cross (price, indicator & indicator), Spread (StochRSI) strategies. Trailing buy and sell stops.
Unlimited backtests. Smart DCA for long and short positions (you can set an additional strategy for DCA). The full functionality of the service is available on the demo account: backtests, paper-trading, and live-trading with a deposit limit of $1000. In paid accounts you can run a single bot: live or paper-trading
Indicators: MACD, Bollinger Bands, RSI, Stochastic, Stochastic RSI, SMA, EMA, TEMA, DEMA
Strategies: Customizable
Margin trading: yes
DCA: you can set individual triggers for each DCA level (percentage of price reduction, indicator signals), DCA coefficient for each level, sell strategy settings (different from the main strategy)
Backtesting: yes
Paper trading: yes
Exchanges: Binance, Bitfinex, BitMEX (soon), HitBTC (soon)
Demo: yes, 7 days free trial
Pricing: from $60 to $270
Launch and installation: no need to install, cloud service. Mobile friendly
Interface language: English
Affiliate program: 15% of Botee.Trade’s commission on all of your referral’s purchases including their future purchases
Comment: trading strategies are configured through the YAML config, which makes it possible to create any bot configurations. For example, you can set up a reversal strategy, when after long bot enters short and back. There are no restrictions on the number of indicators and their settings in the strategy. Displaying the values of buy and sell-strategies when clicking on any bar on the chart allows you to fine-tune the trading algorithm. There is a margin trading on Bitfinex. Intuitive interface. Backtests with the display of trades bot on the chart.
Taking into account the presented functionality, we can say that they have created a thorough approach to the development and have an idea of what tools the trader needs to develop trading strategies on the crypto market.
To fix problem with access I did use VPN
SWBOT
The trading bot with a limited set of options, but with DCA. Logic — buying a coin on the “rebound”: you set the price drop percentage at which the bot buys a coin (any of the setlist). At the same time, an orders grid is displayed, according to which, as the coin falls further, the bot goes on buying the coin, increasing the position. Until the position is sold the grid is active. In case the price rises (the bot has not bought the coin yet) the grid is pulled up: a kind of trailing buy. Service management is carried out through telegram.
Features: one bot can trade with an unlimited number of pairs. There are trailing stops for buying and selling. Pairs can be set manually or chosen by the bot through a neural network. There is an option to determine the trend, according to which the bot stops buying on a bear market and resumes trading on a bull market. In the equal action mode, the bot trades according to the specified strategy. Before starting the bot, you need to select the currency: BTC, ETH, USDT, BNB (for Binance). Trading in both BTC and USDT simultaneously will not work
Indicators: BB, RSI
Strategies: no pre-configured strategies
Margin trading: no. Implemented strategy “sell an asset and buy it cheaper”
DCA: yes. Implemented through the “grid”: when the value of the grid height is 20, it means that DCA is set to drop the price to 20%. You must specify the number of DCA orders within the grid, the amount of deposit for each order (for example, enter at 100% of the previous order) and minimal profit percentage at which the bot can close DCA transactions. It is impossible to set the bot’s start by the signals of the indicator, only by the price drop trigger
Backtesting: no
Paper trading: no
Exchanges: Bittrex, Binance, Poloniex, WEX
Demo: trading deposit limit is 0.025 BTC, two pairs for trading with BTC, one exchange. Functionality is not cut back.
Pricing: $25 for one bot per month
Launch and installation: works as a console application on a computer, the setting of the configurator is required. Installation is possible on Windows (x64), Linux, Raspberry Pi. First, watch the video guide and WIKI. No mobile app.
Sustainability: stable(judging by the reviews), do not crash
Interface language: Russian
Affiliate program: no
Discuss with developers in telegram @DevSwbot, activists: @x_Parallax_x @DZhokhov
Comment: the availability of margin trading is a plus, two indicators — a minus. In general, if the strategy is based on RSI and BB, then with the possibility of placing a DCA grid and selecting trading pairs through a neural network, you can try the bot. But the main advantage of SWBOT is margin trading.
You can work with “bags” (a position with a large volume in the drawdown): adjust the bot to a certain coin and, by accumulating the position, gradually bring it to a plus. As shorts are without leverage, this will be slow, but less risky
BOTanica
Trading bot for the Poloniex exchange.No site. The topic on Bits.media created in July 2017
Features: simultaneously trades on several pairs. You can set up simultaneous trading in BTC, ETH, XMR, and USDT. The bot can automatically select currency pairs or trade with a given list. Ordering: when the price is bitten by another bot/trader, the bot will automatically change the price to the better one until the order is processed. The issue is that by that time the entry point may already be not optimal. It is necessary to check with the developer if there is a connection between the buy signal from the indicators and the ordering
Indicators: EMA
Strategies: from the allowed list of pairs, the bot chooses the currencies with the highest trading volume. If the price is lower or close to any of the indicators (EMA 20, EMA 30), the bot buys the coin
Margin trading: no
DCA: yes, sets the number of DCA levels, the price drop trigger (one for all levels) and the value of the DCA order (the percentage of the “entry ratesize” is set)
Backtesting: no
Paper Trading: no
Exchange: Poloniex
Demo: Yes, but with a limit on the order amount to $3 (at the bottom of the first message, you can find how to get a trial version) and with no more than 2 traded pairs
Pricing: 0.06 btc — 1 lifetime license, to buy send a request to the developer dbdevelop7@gmail.com
Launch and installation: installation on PC is necessary, only windows 7 and higher (guide)
Sustainability: according to the reviews never closed with an error
Interface language: Russian
Affiliate program: no
Discussion is available on the Bits. media forum
Comment: I avoid Poloniex, but somebody may find it handy. Working with a bot, you’d better set the traded pairs manually and have a deposit for testing all DCA levels. In fact, BOTanica is just a DCA mechanism that works on a price drop trigger. The difficulty is that it is impossible to set up triggers for a certain pair or to hold the trade in one or several coins.
Suppose there is a rumor that ETH will collapse at $80 — why should this position be averaged with each fall by -2% or -5%. It is easier hold it and turn on DCA again after a drawdown or set longer triggers for drops (-20%, -30%). But BOTanica does not have fine setting and will increase the volume of positions in all traded pairs according to the general settings for DCA
Gimmer
Open beta-test, ICO completed
Trading bot. In March, a soft cap was collected on the pre-sale. The token sale was in February and was paused due to the change to a “Hold-to-use” model. It was planned to be resumed at a later date (June) but wasn’t. The team decided the contributions that were collected before the pause in the sale were sufficient and the total token supply was severely lowered instead. In total, they gathered $2.8 million, out of 6 planned.
Features: trades on several pairs. TradingView plugin.Stop-loss and take-profit option. Trading is available with leverage. You can lease your strategy. A normal strategy cannot be created with these tools. To learn more follow the link
Indicators: EMA, RSI, MACD, HMA, Bollinger Bands, Stochastic, Ichimoku Cloud
Strategies: customization needed. Also, you could run Scalper Bot, Triangular Arbitrage Bot (in-exchange arbitrage; you have to hold 550 GMR), Portfolio Bot (auto rebalancing)
Margin trading: yes, but you have to hold 400 GMR
DCA: no
Backtesting: yes
Paper trading: yes (called simulation)
Exchanges: OKCoin, Huobi, Kraken, Cobinhood, BitMEX, Binance, Bittrex, Bitfinex, Poloniex
Demo: yes, you can run the bot with one indicator, it trades on one pair
Pricing: conditionally free, but you need to keep (hold) on the service account 250 GMR for each bot launched in live trading
Run and install: must be installed on a PC, works on Windows 7 and higher, MacOS, Linux. Going to release a mobile application in Q4 2018
Sustainability: a lot of mistakes, starting with the installation, ending with the work of the program and the display of trade information
Interface language: English
Development plan: here
Affiliate program: no
Discuss in the telegram chat @gimmertokenor and Discord
Comment: A huge minus of the bot — it is not clear how the developers missed it — all indicators in the strategy are set on only one timeframe. The functionality of the triggers on the indicators is limited. Primitive mechanisms for creating strategies can be found here.
The impression is that the creators have relied on the design, rather than on the functionality of the bot. When you create an account, in the “my profile” section you get a public key (wallet address). In theory, you need to replenish it with 250 GMR and then live trading will become available. In my case, the tokens did not come to the address. And because of the errors I could not do backtesting properly
Cryptorg
The trading bot with one strategy. Domain registered in May 2017
Features: one license can run up to 10 bots. 1 bot = 1 pair. TradingView plugin and telegram notifications
Indicators: Bollinger Bands (without the customization)
Strategies: The strategy is based on three parameters — Bollinger Bands, trading volume for 24 hours (min 100 units in the base currency; for example, 100 BTC, 100 ETH) and positive price change in the last 24 hours. You can turn on all options or select the needed combination. When disabling all parameters, the bot will constantly open positions as long as the deposit is enough. According to the developers, this option may be of interest for experienced users in a bull market (looks like a joke).
Margin trading: no
DCA: yes, the maximum number of levels- 10
Backtesting: no
Paper Trading: no
Exchanges: Bitfinex, Bittrex, Poloniex, Binance, Kucoin, HitBTC
Demo: yes, 14 days free at a trial rate (1 pair, 1 exchange)
Pricing: Trial — $15 / month; Starter — $30 / month; Pro — $60; Business — $100. There is a limit on the number of pairs and live-bots traded. The maximum number of bots is 10 in the “Business” tariff
Launch and installation: cloud service, no need to install on PC. No mobile app
Sustainability: clumsy software. There are errors, crashes, etc. Most of the errors when working with the Kucoin exchange
Interface language: English, Russian, Spanish
Affiliate program: 10% of each account replenishment by brought users, or 20% if your partner commission amount from your referrals deposit reaches more than $1000
Discuss on Discord
Comment: the main page does not provide any info about strategies, indicators or at least FAQ (similar to 3commas). To get it you need to register. Like BOTanika, the service offers DCA trading, but now with individual settings for each pair. No trailing stop and stop loss
GBOT
The trading bot with telegram control and control panel
Features: no limit on the number of trading pairs. You can run multiple bots at the same time. There are trailing stops and stop losses. Full control of the bot through telegram, you can receive information about open orders, closed deals, notifications about changes in rates, etc.
Indicators: Bollinger Bands, RSI, StochRSI (you can also add extra. indicators)
Strategies: 4 customizable strategies — Scalper, Bollinger Bands, One Sell a lot Buy (DCA logic), One Buy a lot Sell (gradual sale of the position as the price rises). Scalper automatically calculates a grid of buy and sell orders; when a buy order is executed, a sell order is immediately placed. The grid is automatically recalculated, you can set time after which the recalculation will be done. If the buy order is not executed within a specified period of time, the order will be automatically closed with any loss or profit value
Margin trading: not. Reverse strategy function implemented
DCA: yes, but there is no adequate description. You can set the number of DCA levels, the price reduction trigger, the DCA coefficient (at what percentage of the current position volume should the bot enter at the DCA entry signal). There are two types of DCA in the configurator: linear and exponential, plus some “greedy” orders. Under what conditions the bot will enter DCA is unclear. Probably a price drop trigger
Backtesting: no
Paper Trading: no
Exchanges: WEX, Poloniex, Bittrex, Exmo, Bitfinex, Liqui, DSX (there are also unofficial APIs of other exchanges, including Binance, for an extra fee)
Demo: yes, but only pairs with BTC and deposit limit of 0.05 BTC. In order not to buy the Binance module for the demo version, ask the key from @solvento in telegram
Launch and installation: need to installation (instruction). It can be installed on VPS hosting, PAAS platform, VDS, any local computer (Windows, Mac, Linux) or Raspberry Pi. For the application to work, you need to install node.js. To run the bot, you need basic knowledge of operating the console, the ability to work with .bat (Windows) or .sh (Unix) files
Sustainability: no negative reviews
Interface language: English, Russian
Affiliate program: no
Discuss in the telegram chat @gbottrader_chat
Comment: you cannot create your own strategy. There is no adequate DCA mechanism. If the telegram service is down, you will not be able to run the bot or make changes. Before deciding to buy read about the functionality of the bot carefully and try to trade on the demo version
Apitrade
The trading bot with 7 trading algorithms
Features: seems to have inter-exchange arbitrage (ring algorithm)
Indicators: no
Strategies: pre-set algorithms calm(only on TUSD-USDT), rings (inter-exchange arbitrage from 2 pairs), waves (trading with one coin + DCA + trailing), tornado. In work: mirrors (inter-exchange arbitrage), tsunami (trading on triggers of abrupt changes in trade volume and price), rapid growth (exchange of the entire deposit into the most growing coin at the moment, the coin changes with the trend changes, etc.) purchase on signals from telegram channels).
It is possible to partially adjust the algorithms by setting the stop-loss, the minimum percentage of profit or settings for DCA. Detailed algorithms described in the section “Working with the service” — “Tell me more about the different algorithms”
Margin trading: not. Reverse strategy function implemented to tornado algorithm (only for positions opened in the wave algorithm)
DCA: yes, wave algorithm, tsunami. Settings here
Backtesting: no
Paper trading: no
Exchanges: only Binance, Huobi and Kucoin are available for automated trading and arbitrage
Pricing: all functionality of the trading terminal is free. When activating the trading algorithms (bot), a commission of 50% of profitable transactions is charged, there is no subscription fee. With unprofitable bot trading, after 14 days, the service will compensate 50% of the loss to the balance of the system, after 45 days, 100%. The refund cannot be withdrawn but can be used for the following transactions. To pay commissions you need to put money to the service balance.
If you are not satisfied with the bot’s trade statistics, you can return all the paid commissions within 30 days, but there are no detailed return terms on the site. Specify this question if you want to test the service
Launch and installation: no need to install, cloud service. No mobile app
Interface language: Russian, English, German, French, Spanish, Chinese, Japanese, Korean
Affiliate program: 10% of your friend’s profit
Discuss in Discord or on the forum
Comment: you can make minimal adjustments to pre-configured algorithms. Not suitable for creating an independent strategy.
According to the developers, the daily profit is 0.5–3%. But public tests show a negative trend (-6% for 3 weeks). According to reviews on forums and in chats, for many users, deals are closed mostly with negative results. In the financial questions section, I was alerted by the question: “Is this a pyramid?”. Probably, this question arose not from one site visitor, including me.
Interestingly, in May 2018, the service had other conditions for the loss refund:
“If a user has a loss in a month since the launch, we will fully compensate his losses (with real bitcoins). In addition, we will refund the funds paid for using the service (moreover, in DOUBLE amount!)”. Maybe the users started to apply for double refund and compensation of the loss too often, and such conditions were unprofitable.
You can have a look at the arbitrage trading, but since the service does not inspire confidence, the question is: is it really worth it? Before making a purchase decision, I recommend to read the FAQ and user reviews carefully.
The service has a PCI DSS certificate (TNX Corporation, registered in the USA, has been working on the online market for 10 years)
3commas
Trading terminal and bot with two customizable strategies. Domain registered in September 2017
Features: SmartTrade trading terminal with the option of portfolio auto-balancing (only in the “Professional” tariff). There are two types of bots — simple and composite. Simple trades on one pair, composite — on several selected pairs. Trailing available in the trading terminal and in the bots. In your account, the portfolio is visualized using infographics.
Indicators: no, but you can set up trading on personalized signals with TradingView, based on any platform indicator
Strategies: available conditions for trade opening — manually (the bot will not open trades by itself), as soon as possible, signals from TradingView or QFL (Quickfingers Luc)
Margin trading: yes, on BitMEX (but only with professional license)
DCA: yes
Backtesting: yes (alpha version)
Paper Trading: no
Exchanges: Bittrex, Poloniex, Bitfinex, Binance, Kucoin, Bitstamp, Yobit, CEX.io, Huobi.pro, HitBTC, Coinbase Pro (GDAX), OKEx, Cryptopia (but with limitations). Bots work on Binance, Huobi, BitMEX (only on the professional plan), Bittrex
Trading pairs: you can trade any currencies that are on the connected exchanges
Demo: yes, free access for 3 days with restrictions
Pricing: basic (trading terminal) — $29 / month or trader’s (simple bot) — $49 / month, professional (simple and composed+BitMEX)— $99 / month. ATTENTION: conditions are constantly changing, see the current info here. For using the trading terminal, the service takes 0.25% from the transaction (from manual transactions)
Launch and installation: installation is not required, register on the site and connect the exchange via API. Mobile application available, but only for monitoring
Sustainability: a lot of mistakes and blunders; failures that can even cause a loss of the deposit, not to mention lost profit. Administration tries to compensate costs and promptly eliminate errors
Interface language: Russian, English, Spanish
Affiliate program: 50% of the referral rate (only when paying in a crypt). Withdrawal from $50
Discuss in the telegram chat @commaschat
Comment: The site welcomes with the phrase: “Get your first profit in 10 minutes.” At the same time, there are no links to either the FAQ or WIKI. No review of tools, indicators, strategies. The FAQ was found after registering with the service. Convenient? Not really. Go on.
There are two strategies: the signals from TradingView and QFL (Quickfingers Luc). The latter is based on support lines and a temporary rebound in prices after a fall. And precisely in this rebound the bot must make a deal. It is strange that the service does not provide an adequate description of the mechanism; there are links to sources for self-study and a comment: “Unfortunately, there are no materials in Russian” (despite the fact that the guys are from St. Petersburg!).
Below topic is not actual for 2019, only for history:
There used to be an interesting thing with a commission of 50%. To our question about transactions with a negative profit, I received a reply from the 3Commas support: the bot simply does not close loss trades, it is written in the algorithm. If you want to close a bot’s losing trade, you can do it manually, but the loss in this case is “already your problem”. They’ve probably forgotten about it in the FAQ. Something like that ¯ \ _ (ツ) _ / ¯
Cryptohopper
Service with pre-configured and customizable trading strategies.Has arbitrage trading. Domain registered in July 2017
Features: a subscription to paid and free signals. Before buying, you can see the general statistics of the source, the history, and the profitability of the signals. The bot can trade up to 75 pairs. Shorting and arbitrage trading in pairs within the exchange is available (only on Bittrex or Poloniex). Has stop losses and trailing stops. Convenient WIKI, YouTube guides, and service general documentation.TradingView plugin installed.
Indicators: MACD, RSI, Stochastic, Stochastic RSI, Bollinger Bands, EMA, SMA, KAMA
Strategies: Multiple TA, Bollinger Bands Easy, Bollinger Bands Advanced, RSI, Fixed rates. If all latter strategies are based on one indicator, Multiple TA includes all possible service indicators. You can also set the number of “true” signals: for example, for a bot to buy a coin, it is enough to trigger 2 of 3 installed signals
Margin trading: no. Implemented strategy “sell an asset and buy it cheaper”
DCA: Yes, you can configure the number of DCA levels, the price reduction trigger and the percentage of the DCA order
Backtesting: yes, available after payment
Paper Trading: no
Exchanges: Binance, Poloniex, Bittrex, Kraken, Kucoin, Bitfinex, Huobi, Coinbase, Cryptopia. Plan to connect HitBTC, CEX.IO, Bitstamp, Cobinhood, BitFlyer
Demo: after registration, the “free trial” is automatically activated at the first tariff. Limit: 15 coins, 2 triggers and buying with 10-minute intervals
Pricing: from $19 to $99 per month. An inter-exchange arbitrage bot is available at the rate of $99. There is a limit on triggers and the number of pairs traded.
Launch and installation: no need to install on your computer, runs in a browser (cloud service). No mobile app
Sustainability: I did not find reviews about service errors
Interface language: English
Affiliate program: yes, 10% for the tariff payment of your friend
Discuss in the telegram chat @CryptohopperGroup in the Discord
Comment: after testing the service for 3 days there was an unpleasant aftertaste. Backtests do not work at all, while they are designed for a period of 2 days (the current day + yesterday). What can be tested in two days? Riddle. Here is the results of the backtest https://prnt.sc/lo1are — the bot does not stop buying coin, then sells it, if during these 2 days there was a rebound. If not, in the statistics shows only purchase. At the same time, developers do not know that there is such a bug. It’s like not to notice that the car wheels are twisted and try to sell as a new one.
Developers for some reason do not know about the presence of many bugs. And they are countless in the service: you only set the coin purchase once — the bot enters the coin non-stop 10 more times, by DCA you set double down — the bot enters triple, the DCA purchase is set when falling by 2% — the bot buys on the drop -0,3%, in the history of trades, the bot bought the coin 11 times — it shows only 4 in the dashboard. It is impossible to set the number of open positions. Get the idea?
Depending on the plans, the option “technical analysis every x min” is provided. At the most expensive plan this value is 2 minutes. It means, the bot will check the values of the indicators every 2 minutes. For the crypto market this is not enough. Not to mention the “once in 10 minutes” interval on the first fare.
Support is barely alive. Many questions are simply ignored. To understand their wiki from the first time is impossible, and for the tenth time there are difficult too.
The big question is the adequacy of the service, especially for $ 100 per month. Thanks for that, it’s for a trial period, during which you can see bugs, ask support questions, do not get answers, and close this shortfall. Too much red flags
Margin (ex. Leonardo bot)
Trading terminal able to trade on 4 strategies. If the trading terminal still has a place to be, although this is a big question, the situation with Margin trading bots is deplorable. First, you cannot set up your own trading strategy. Secondly, the bots are built either on one indicator (BB, EMA) or on the ping-pong mechanism, where you set the horizontal borders of trading on your own. Running such bots on a crypto-market is the same as throwing you know what on a fan.
Features: customizable trading terminal
Indicators: trading terminal has about 20 indicators that can be used in the chart. Only Bollinger Band and EMA in the bots.
Strategies: 4 bots are offered for automated trading — ping pong, margin maker, Bollinger Band bot, EMA crossover bot. Ping pong — you must manually set the horizontal trade boundaries, the buying at the bottom, selling on the top. Margin maker — similar to ping pong, the trade boundaries need to be set, the difference is that the sale is carried out when a given percentage of profit is reached. Bollinger Band bot — buying at the lower border, selling — at the upper border of the channel. EMA crossover bot — buying when short EMA and long EMA cross from bottom to top, selling — crossing from top to bottom
Margin trading: no
DCA: no
Backtesting: no
Paper trading: yes
Exchanges: Binance, Coinbase Pro, Bitfinex, Bittrex, HitBTC, Poloniex, Bitstamp, Kraken, OKCoin, Huobi Pro, Bleutrade
Pricing: unlimited licenses from $89 to $2000
Demo: In the free account, mode trades only with virtual money (Paper Trading)
Launch and installation: you need to install on a PC (video guide). Supports Windows, Mac OS, Linux, Raspberry Pi, no mobile application
Sustainability: crashes with an error and does not save the settings
Interface language: English
Affiliate program: no
Discuss on the Bitcointalk
Comment: in the bull market, these strategies are likely to work. But at the first good drawdown, the deposit will quickly begin to tend to zero. If the functionality of the trading terminal suits you, it can be purchased. Margin bots are best to be avoided.
An interesting fact: previously, the license could be bought for 1 month, and it cost from $19 to $249. Now all licenses are only in the lifetime format. Cancellation of monthly subscriptions suggests that the service has customer loyalty issues. And not without a reason.
For the history, previous rates:
The starting one was $19 / month ($15 with an annual subscription); standard — $39 / month ($29 with annual subscription); professional — $249 / month ($199 with annual subscription)
C.A.T. bot
The trading bot with one strategy. Domain registered in September 2017
Features: can simultaneously trade up to 100 coins
Indicators: no
Strategy: ping-pong, you can install additional settings
Margin trading: no
DCA: no
Backtesting: no
Paper Trading: no
Exchanges: Poloniex, Bittrex, Binance, Bitfinex, Bitstamp, CEX.IO, C-Cex, HitBTC, Kraken, Cryptopia, Liqui, Yobit, Livecoin, OKCoin, Coinsecure, TuxExchange, Stocks, The Rock Trading, WEX, Vaultoro
Demo: no
Pricing: license cost is 0.065 BTC (unlimited) plus the purchase of API interfaces for each exchange, the cost is from 0.01 BTC to 0.015 BTC. Has free APIs for small exchanges. 10% discount coupon: RunBullRun2018
Launch and installation: need to install on pc — this is a Java application (Java Runtime / SDK), runs on Linux, Windows, Mac. No mobile app
Sustainability: no information, if used, write a comment
Interface language: English
Affiliate program: no
Discuss in telegram chat @thecryptocatbotor or on Bitcointalk
Comment: I do not recommend taking this bot seriously. To start with, for some reason, C.A.T. considers itself to be a “TOP 5 crypto trading bot.” At the same time, the service lacks at least some kind of WIKI with system instructions. To understand the bot is suitable for purchase, you need to spend a lot of time reading these two articles (facepalm).
Hopefully, a kind design volunteer will see this post and help C.A.T say goodbuy to the UX / UI from the 90s. If you wish, you can sell a license; for this you need to write to the developers. In the chat there were a few ads for sale for a lower price, one reached 0.045 btc
Scripted bots
Open source bots you can launch on your own if have programming skills. This option is very flexible
GEKKO bot
Free open-source scripting bot
Features: Unlimited number of indicators from libraries. Open source code
Indicators: MACD, RSI, Stochastic RSI, SMA, EMA, PPO (Percentage Price Oscillator), CCI, DEMA (Double Exponential Moving Average), LRC (Linear Regression Channel), TSI (True Strength Index), UO (Ultimate Oscillator). When creating a strategy, you can use any indicator from the TA-lib and Tulip libraries
Strategies: no pre-configured, creating your own strategy with javascript
Backtesting: yes
Margin trading: no
DCA: no
Paper Trading: yes
Exchanges: Kraken, Bitstamp, Bitfinex, Binance, Poloniex, GDAX, Bittrex. Totally 25 exchanges are available. You can request a connection to the new exchange
Pricing: free
Launch and installation: you need to install nodeJS and Gekko on a PC (instruction how to install Gekko bot), it works with Windows, Linux, MacOS, no mobile application
Sustainability: high
Interface language: English
Affiliate program: no
Discuss is available on Bitcointalk
Comment: to create a strategy, you need javascript skills; you can create almost any strategy. But the lack of DCA and shorts (to a less extent) significantly limits trading efficiency. One bot can only trade one cryptocurrency on one exchange
Zenbot
Free open-source scripting bot
Features: you can set up notifications in the telegram, Slack, Discord, SMS or push-notifications. Displays the bot deals (points of buying and selling) on the chart. Can trade multiple cryptocurrencies
Indicators: EMA, MACD, RSI, Parabolic SAR, Bollinger Band, CCI, VWAP, Momentum, PPO (Percentage Price Oscillator)
Strategies: 25 pre-configured strategies (use search for “zenbot list-strategies”)
Margin trading: no
DCA: no
Backtesting: yes
Paper Trading: yes
Exchanges: GDAX, Poloniex, Kraken, Bittrex, Quadriga, Gemini, Bitfinex, CEX.IO, Bitstamp, Binance
Pricing: free
Launch and installation: you need to install nodeJS, MongoDB and Zenbot on a PC with Windows, Linux, MacOS (better to use video or text guide)
Sustainability: average, judging by the comments there are crashes and errors, but non-critical
Interface language: English
Affiliate program: no
Discuss on the Reddit
Comment: the code is not updated often enough. If you have programming skills, you can create your own strategy or take one of the preconfigured ones as a basis. For optimal selection, you can compare it with the GEKKO functionality
Bots marketplaces
These platforms collect different automated trading strategy (aka trading bot/robot) from the brands and individuals. Everyone can share the strategy on these services and get some payment
Gekko Plus
The marketplace of strategies built on Gekko bot. No coding or installation required: pick a strategy from the marketplace and press start. Launched in March 2019
Features: hosted cloud platform, the marketplace with Gekko strategies, strategy contests, UI with charts
Indicators: strategies in the marketplace include all indicators supported by Gekko (over 200 different indicators from TAlib and Tulip libraries)
Strategies: a marketplace with strategies provided by third-party strategy creators
Margin trading: no
DCA: no
Backtesting: yes
Paper trading: yes
Exchanges: Binance, Kraken, Poloniex, Coinbase Pro, Bitfinex, Bittrex, Bitstamp
Demo: yes, Gekko Plus runs Gekko under the hood, which you can download and use for free (requires technical knowledge)
Pricing: from €30 per month (the annual plan is cheaper)
Run and install: Not required. No mobile app
Sustainability: the developer is experienced with well known Gekko bot, so the app keeps running automatically, without complaints (launched in Q1, 2019 still need more time to test it properly)
Interface language: English
Affiliate program: сoming soon
Discuss on forum
Comment: strategies has no description (although this functionality is available). Not enough statistics on the results of the strategy: the sample for the last 30 days does not provide information about the stability of the trading algorithm. Since the service has just started, including the wiki still under development, so we waiting for the next update announcements on the platform.
I think it’s a great new plarform with proved business model and loyal comminity, so I hope this project will meet expectations and market gets new transparent, useful and actually working service
Kryll.io
ICO completed
Trading bots marketplace and service for creating your own strategies
Features: you can launch inline 3 strategy (live or paper trading). Drag and Drop builder in the box. Has the triggers to the price change, coin volume (you can set time range: 15 min, 1 h, 6 hours and so on). You can put a trigger on the particular price, for example, “but when the price is above $210”. Between blocks you can use “or”, “and”. Piggybank is another interesting feature: it works as a command to “hold % of the profit on the wallet”. You can add e-mail notifications.
Indicators: MA (EMA, SMA, WMA, SMMA), RSI, MACD. Bollinger Bands, Ichimoku under development
Strategies: 3 pre-set algorithms. You can also import strategies made by other users and create your own strategy with the editor
Margin trading: no
DCA: yes
Backtesting: yes
Paper trading: yes
Exchanges: Bittrex, Poloniex, GDAX, Cryptopia, YoBit, Binance, HitBTC, Bitstamp, KuCoin, Liquid
Demo: yes, for live trading must stake 5000 KRL (not locked)
Pricing: is 1% per trading capital
Run and install: no need to install, cloud service. Mobile app launched (January’ 19)
Sustainability: if used, write a comment
Interface language: English, Spanish & French
Affiliate program: 20% of expenses by affiliate (February’19)
Discuss on the Bitcointalk and in the telegram chat kryll_io
Comment: Marketplace launched (January’19).
For the first view, building strategies through drag and drop is quite a tedious task. If the strategy consists of 8–10 blocks, then there are no difficulties. But as soon as the strategy grows to 30 blocks and above, everything is not so optimistic. The presence of three indicators imposes some limitations on the possibilities of building strategies. In general, while the service does not take commissions and the demo is open, you can follow the development process
Cryptotrader
Trading bots marketplace and service for creating your own strategies. Domain registered in April 2013
Features: with programming skills, you can create any strategy in the TA-lib library
Indicators: any indicator from TA-lib
Strategies: when buying charged bots, strategies are pre-configured for a specific pair, timeframe, exchange, etc.
DCA: no
Backtesting: yes
Paper Trading: no
Exchanges: Poloniex, Bitstamp, GDAX, HuobiPro, OKCoin, WEX.NZ, CEX.IO, Bitfinex, Kraken, Bittrex, Binance, Quoine, Cryptsy
Pairs: you can trade in pairs available for the selected bot (go to the bot description, scroll down to the “Markets” tab)
Demo: you can register in your account, see the list of suggested bots, their description. But you can run a Backtest only after buying any of the tariffs.
Pricing: from 0.0025 BTC to 0.0312 BTC per month. There is a limit on the size of the traded deposit and the number of live bots
Launch and installation: no need to install on your computer, runs in a browser (cloud service). No mobile app
Sustainability: low, depending on the bot, various errors and crashes may appear
Interface language: English
Affiliate program: yes, 10% for each tariff payment by your friend (without restrictions). Developers get 70% for each purchase of their bot
Discuss in the chat
Comment: given that you can create a bot in GEKKO free of charge, we will consider the marketplace. There are paid and free algorithms. For paid bots in addition to the tariff plan, you need to make an additional payment, the tariff is set by the developer. It is possible to test the bot, including the free one, only after purchasing access to the service. It was assumed that the platform will have ratings. But it doesn’t: it’s quite difficult to understand what rating the bot has.
Backtesting suffers and sometimes a lot. It is often impossible to decipher test results: either the bot’s efficiency is calculated incorrectly, or for some reason, the bot adds $3000 to the deposit in the trading process, etc. When launching the test, errors may appear and it cannot be run again. In May 2018, I tested all free bots of Cryptotrader. Since then, I’ve found more interesting options, so the tests were not updated. Test results are here
Interesting services. In developing
Worth attention and observation
ApexTrader
Open beta testing
Service to automate the trading strategy at Binance
Features: a bot can trade all the exchanges. There is a trailing for both buying and selling. You can use the same indicator in different settings for the same strategy. For example, BB (2, 18) for 1 hour and BB (2, 20) for 30 minutes in one strategy
Indicators: Moving Average, Bollinger Bands, Stochastic, Stochastic RSI, CCI, MACD, VWAP, Percent Change
Strategies: no preset ones
Margin trading: no
DCA: under development. There are two types of DCA: “Double Down” — buy 100% of the current position (position double), “Triple Down” — 200%
Backtesting: no
Paper trading: yes
Exchange: Binance
Demo: Yes, trial period 7 days
Pricing: $35 per month
Launch and installation: no need to install, cloud service. No mobile app
Sustainability: no information so far
Interface language: English
Affiliate program: no
Discuss in the Discord
Comment: the service is under development, but even now it is clear that it is worth monitoring. Unlimited compilation of indicators in strategies: up to 10 indicators. The ability to use different triggers for indicators: for example, in Bollinger Bands, you can specify a trigger for crossing the borders of a channel, buying out of the boundaries or inside a channel. The DCA functional is questionable — not enough settings, but since the service is still in beta, there is a chance that we will eventually see a full-fledged working tool. Looking forward
Signals.Network
Open alpha-test, ICO completed
Platform. Token sale ended in April, collected soft-cap. Say, it’s enough to develop. 19000 applications for testing were collected in April 2018. The amount of real ones is unknown, we will see it at the start. Page designs are nice, especially when compared with grandpa MetaTrader.
Features: creating, testing and monetizing any trading algorithm. Marketplace for algorithms /bots with ratings.A mobile application in development.
Roadmap here
Discuss on telegram chat, forum or Youtube
Comment: there is no information on the number of indicators, mechanisms for creating strategies, margin trading, paper-trading. Everything is in English. Development has been going on for a long time, but so far there is nothing, except for 2 redesigns in one year. One thing is for sure — the designers in the team are good :)
Today is the bot’s day
Bots rock in the global stock markets. Their share was 84% even in far 2012, 55% in 2009 for Russia
On the cryptomarket 80% of bitcoin trading is operated by bots © Bloomberg Markets
And every year their share is growing.
Whales. Impressive volumes and liquidity
The world’s largest trading funds are coming to crypto markets and bring not only volumes and liquidity but also HFT technologies:
Jump trading
DV Trading
Hehmeyer
Tower Research Capital
Hudson river trading
Susquehanna International Group
I was particularly interested in the DRW fund, which in 2015 bought 27,000 BTC at auction (yes, the ones that were taken from Silk Road and sold by auction).
Conclusion: the future of crypto trading belongs to bots. And this future has already come
Remember, trading on the stock exchanges is a risk, the use of the untested software is a double risk. You can lose everything. Consider all the recommendations and advice critically. Be prudent and make decisions consciously and independently. The article is for informational purposes only and cannot be classified as a piece of trading advice or recommendation. The author hopes that this knowledge will make you happier and richer.
Author:@nevskii
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Ethereum: 0x4187c7e851e1c1b56fe030f6c7c76d3fabd4f29d
Bitcoin: 12HxqApH4vobrDLNRdfRR3E6fowjZWofJF
Bitcoin Cash: 12HxqApH4vobrDLNRdfRR3E6fowjZWofJF
BNB: 0x4187c7e851e1c1b56fe030f6c7c76d3fabd4f29d
