Top 7 Best Bitcoin Trading Bots in 2018
Picking the right bot for automated trading may be difficult, but this comprehensive review of the top 7 best Bitcoin trading bots will surely alleviate the task
Trading bots are computer programs that automate the execution of trades on the market. They are extremely useful for beginner-level traders who aren’t capable of making an in-depth analysis of the charts. You cannot solely rely on Bitcoin trading bots, since they may go haywire and bring you substantial loses, but it still an effective tool for backtesting that provides you an ability to thoroughly test out a trading strategy without actually risking your own money.
It is worth mentioning that trading bots get rather good reception from major cryptocurrency exchanges because they help them reach higher trading volumes and increase liquidity. There are trading bots for both inexperienced and advanced traders. Beginner trading bots are more suitable for individuals without programming skills. The article will focus on different types of bots.
CryptoHopper
CryptoHopper is a Bitcoin trading bot that allows you to engage in automated trading 24/7. It can boast many useful features such as external buy signals from professional analysts who can determine a potentially lucrative investment.
In order to use CryptoHopper, you simply have to link it to an already existing account on any exchange of your choice. Once you’ve done that, you can adjust your trading instruments by accessing your Hooper dashboard. The CryptoHopper bot offers you a big amount of trading approaches that are fully customizable. If you’ve never had any experience of dealing with trading bots, it is advisable to go the CryptoHopper educational sector where you can see all the relevant information about using the bot for employing different trading strategies.
There is a free trial, and once it expires, you have to pay for one of three premium packages. The priciest solution (‘Master Hopper’) will set you back $99 per month.
ProfitTrailer
ProfitTrailer is one of the most popular bots out there with more than tens of thousands active users around the globe. As of now, the trading bot works with three exchanges– Binance, Bittrex and Poloniex. All you have to do is to buy a license for a program that can be run either on your PC or on a remote VPS server. The former is the most reliable way to use the ProfitTrailer bot, since it eliminates any connectivity issues. However, setting up a VPS server may be a bit challenging for non tech-savvy users.
ProfitTrailer has rather beginner-friendly user interface. The homepage displays all the important information that is required for monitoring your trading activity. In order to see all your holdings, you have to go to the ‘Pairs Log’ tab while ‘Sales Log’ displays everything you’ve sold while using the bot.
When it comes to pricing, just like with the previous case, there are three packages with prices varying from 0.03 BTC to 0.09 BTC. Hence, the most expensive offer will currently cost you about $590 for three licenses, which is very reasonable compared to other bots.
GunBot
GunBot is yet another advanced crypto trading bot for algorithmic trading that works with numerous exchanges, including Binance and Kraken. The bot allows its users to pick various trading strategies that can be customized according to your personal trading style. These strategies include:
TSSL (trailing stop/stop limit),
Bollinger Bands,
Stepgain,
Ping Pong.
Once you’ve picked your trading strategy and a cryptocurrency pair, you can configure the bot using your exchange API for third-party programs. Now you can take advantage of any precoded trading strategy. As mentioned above, it is recommended to run any bot (GunBot is not an exception) on a VPS, since it gives you more stability and flexibility.
Such an extensive set of trading features obviously comes with a price. There are three premium solutions with the price of the cheapest one (‘Gunbot Standard’) being set at 0.065 BTC. ‘Gunbot Unlimited,’ which comes with unlimited access to all exchanges and the TradingView add-on for more strategies, will set you back 0.159 BTC.
Read More : https://u.today/top-7-best-bitcoin-trading-bots-in-2018