Coinmonks
Published in

Coinmonks

Botcrypto Review 2021 | Build Your Own Trading Bot

Summary (TL;DR)

  • Botcrypto offers the creation and customization of trading bots.
  • The Botcrypto store provides more than sixty pre-built strategies for beginners.
  • You can create your trading bot without coding using drag and drop editor.
  • Backtests allow you to try strategies on past data.
  • Trading Contents help you to learn from fellow traders using virtual accounts.

Why use CryptoTrading Bots?

How to Get Started with Botcrypto?

  1. Go to Botcrypto and create an account.
  2. You can choose a strategy from the Botcrypto store or create one using the visual editor.
  3. Try your strategy with a backtest.
  4. If you are happy with the results, then take a subscription and start it for real.

Botcrypto Store

Botcrypto Review: How to create a strategy?

Types of Blocks

  • Start and Terminate
  • Technical Indicators — They support more than 20 indicators. You can check the complete list here.
  • Trailing stop — To maximize percentage loss relative to bot’s gain.
  • Take Profit
  • Gain — A percentage gain relative to the first trade or the most recent trade.
  • Wait — The period which the bot must wait for before taking the next action. It can be one minute, five minutes, fifteen minutes, thirty minutes, one hour, two hours, four hours, six hours, twelve hours, and a day.
  • Group — They host multiple nodes. There are types of groups, ‘AND’ and ‘OR’. To get validation using ‘AND’ groups must meet all the conditions and anyone condition for ‘OR.’
  • Fear and Greed Index (FGI) is a sentiment indicator for multifactorial crypto market sentimental analysis. The value ranges from 0 (Extreme Fear) to 100 (Extreme Greed).
  • Trigger by webhooks. It does not allow more than a call per minute. You can read the detailed guide on how you can configure them.
  • Action blocks — They are Buy and sell blocks. You can configure the following parameters according to your need.
  1. Order Type — Limit or market order.
  2. Trade — They allow you to manage simultaneous positions.
  • First — It starts a new trade if there is no current trade; else, you have to open an order to close the first current trade.
  • Open — To start a new trade, open an order.
  • Last — It starts a new trade if there is no current trade, else you have to open an order to close the latest trade.
  • All — It starts a new trade if there is no current trade, else you have to open an order to close each current trade.

Botcrypto Review: Backtesting

Botcrypto Trading Bots

Botcrypto Trading contests

Botcrypto Review: User Experience

Botcrypto Review: Security

Botcrypto Pricing

Botcrypto Customer Support

Botcrypto Review: Pros and Cons

  • Easy-to-use interface
  • No installation required
  • Free backtests and simulations
  • Strong community
  • Learn to trade courses
  • Create Strategies with a visual editor
  • Limited exchanges are supported.
  • Limited strategies are available in the Botcrypto store.

Botcrypto Review: Conclusion

Frequently Asked Questions

Join Coinmonks Telegram group and learn about crypto trading and investing

Also, Read

Get Best Software Deals Directly In Your Inbox

--

--

Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. Follow us on Twitter @coinmonks and Our other project —  https://coincodecap.com, Email  — gaurav@coincodecap.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store