Trading bots are used by crypto investors for automating trading. Implementing specific strategies and based on key technical indicators, bots compete for the highest percentage of profitable trades or “win-rate”.
We asked experts for their favorite crypto trading bots, and here are some of the best bots currently out there;
1. Catalyst Enigma
Catalyst Enigma is a Python-based bot with a detailed dashboard and useful stats for analyzing each tactic. You can also compare notes and share data with other users to find the best effective options. Catalyst now offers live crypto-asset trading on four exchanges (Binance, Bitfinex, Bittrex, and Poloniex), with more to come in the future. By delivering statistics and insights regarding a strategy’s success, Catalyst also empowers its users to exchange, curate data, and construct profitable, data-driven investing strategies.
Rameez Usmani, Tech and Security Expert The CodeSigning Store
It carries out tasks in accordance with your technical indications. If you’re prepared to go into the minutiae of your finances, it’s one of the most amazing possibilities. You’ll also see social trading choices, several exchanges you can trade on, and a stop-loss mechanism. Cryptohopper appeals to me because it is also a web-based trading platform. This one does not require any hardware installation.
The company’s cloud-like infrastructure handles all of your trading activity. This allows you to access your files from anywhere at any time. Cryptohopper’s exterior indications are what set it apart from its competitors.
You can choose between a trade reminder notice and an automatic trade. Cryptohopper’s platform, I discovered, is quite efficient. It removes undesirable human flaws from the trading process and converts them into simple-to-trade cryptocurrencies. The disadvantage of this platform is that it is only semi-automated.
Cryptohopper can not promise complete earnings, but it does help you generate and manage your decisions with its automated trading and external indications.
Becky Ronalds, Owner at Ranking Mom
CryptoHero is a multi-platform crypto trading bot driven by AI. It enables you to connect to exchanges such as Binance, Bittrex, Huobi, Kraken, Bitfinex, Coinbase Pro, KuCoin, and others and automate your investments, resulting in more returns. The CryptoHero team is made up of fund managers with the combined expertise of more than 20 years. So, you don’t have to be concerned about your credibility.
You can establish both entry and exit positions on this automated trading platform. CryptoHero also gives you access to technical indicators, which you can use to keep track of price movements, market volatility, and asset worth. Bollinger Bands (BB), Exponential Moving Average (EMA), Relative Strength Index (RSI), and Stochastic RSI (SRSI) are among the technical indicators.
Basic and premium subscriptions, a variety of bots, AI optimization, multiple trading techniques, and cross-platform availability are all advantages of this crypto bot (iOS, Android, and Web). The bot’s free edition allows you access to the majority of its functionality, which is a huge bonus for a newbie. On the subject of drawbacks, you must pay for mobile and online memberships separately on CryptoHero. In addition, the bot-finding page appears to be pretty simple.
Dean Scaduto, Chief Editor Of Kitchen Infinity
4. Token Sets
TokenSets is a Defi bot that automates the process of creating and rebalancing portfolios using your preferred strategies. While the methods can be customized, the trading bot sets make rebalancing based on technical factors simple. While these are some of the greatest crypto trading bots, there are a plethora of other free crypto trading bots available, including Binance trading bots.
Chris Nddie, Co-Owner & Marketing Director ClothingRIC
It is not suitable for beginners; However, because Haasbot is a cloud-based platform, it makes managing your trading strategy easier. You may effortlessly claim no-hassle maintenance and trade all year. HaasBot protects your money with everything from insurance to bots, safeties, and technical indicators, which is why technical traders can benefit from the platform. HaasBot indicators provide data that you may use to figure out when the best moment is to trade your currencies. For example, the bot can predict when the price will move next and help you make a decision based on that information.
With HaasBot’s trading bot techniques, you can quickly backtest and paper trade your cryptocurrencies. You’ll also be able to see how your transaction will perform in different market conditions thanks to this simulation. Beginner Plan for 0.04 BTC, Simple Plan for 0.07 BTC, and Advanced Plan for 0.11 BTC are the three tiers available to users of the trading bot (all of these are offered for three months). It currently has 20 leading exchanges, 50 technical indicators, and 13 different types of insurance.
You can contact HaasBot customer service at any time by submitting a ticket in the Support Section. You can also contact them using social media platforms such as Twitter, Telegram, and Facebook.
Bradley Bonnen, Founder & CEO of iFlooded Restoration
Gunbot is a feature-rich Bitcoin trading bot that is best suited for individuals who have prior coding experience. If you do, you’ll have a lot of creative freedom when it comes to building your bot. The programming interface is also compatible with all major operating systems, including Windows, Linux, and macOS.
Gunbot has four primary paid packages that cost 0.02 BTC, 0.05 BTC, 0.065 BTC, and 0.125 BTC respectively. While each plan includes a large number of trading methods and a limitless number of pairs, it’s vital to note that exchange compatibility is limited. While the three cheapest plans include only 1-3 cryptocurrency exchanges, the most costly plan includes only 5. However, if you only want to trade on one exchange and not arbitrage, this shouldn’t be an issue.
Hamza Ghayas, Marketing Manager at GSDLovers
7. Do You Want To Make More Money With Bitcoin?
You can do this by using Coinrule’s crypto trading bot. It’s a powerful tool that allows users to automatically invest in the cryptocurrency market based on predefined parameters and strategies.
This means you don’t have to spend hours analyzing the markets, but instead, just set up your strategy once and let it run for as long as you like.
With over 150 preset trading strategies available, there is something for everyone, from short-term traders who are looking at making quick profits all the way through to long-term investors who are looking at holding their coins for months or even years before selling them off.
The best part about Coinrule is that it constantly introduces new templates, so there’s always something fresh being added! I recommend Coinrule to start making money with Bitcoin.
Lucas Solomon provides financial consultation to small businesses and investors, Life Takes Visa
Trality is a cryptocurrency trading platform that was launched in Vienna in 2019 and has quickly become one of the most popular choices for both beginner and advanced crypto traders around the world. For high-volume and mobile investors, Pionex, a cryptocurrency exchange with built-in trading bots, would be a brilliant option. Cryptohopper is a cloud-based bot that is simple to set up and use to trade a variety of cryptocurrencies, and it connects with the majority of the big exchanges.
Katie Hodge, Content Director at Generator Magazine