Being a professional trader in the crypto world is not an easy job. With the market being as volatile as ever, it can be immensely stressful, with emotional reactions to losses leading to bad choices and further losses. That is why trading bots can be mighty tools that function as ice-cold, money-making machines, strictly following the trade plan and eliminating the risk that comes with impulsive sales and purchases.
They allow you to diversify your trades, maximize your profits, and reap the benefits of automatic and immediate decisions motivated exclusively by profitable market opportunities. However, with so much at stake, it is of paramount importance to know how to spot the right bot. That is where our experienced team comes in.
We have worked long and hard on finding the trading bots that can be your trustworthy partners in the ever-changing cryptocurrency business. Here is the ultimate list of the best trading bots currently available.
- Choose from 3 different license types
- Numerous powerful, customizable bots
- A vast range of safeties and insurances
- Supports nearly 50 different indicators
- Supports main cryptocurrency exchanges
- Buy / sell strategies on Strategy Market
- Full automatization with up to 25 bots
- Bots running on a scalable VPS cloud 24/7
- 3 different operating packages available
- The lowest initial deposit on the market
- Unique and elaborate trading algorithm
- Quasi-trial period with a 60-day guarantee
- Comprehensive and graphic user interface
- A multitude of exchanges is supported
- Numerous useful features and strategies
- A free platform demo version available
Choosing The Best Trading Bots
There may be no universal recipe for identifying the best trading bots, but strict and objective criteria of selection always yield the best results. Based on our team’s collective experience in cryptocurrency trading, we have devised a set of requirements that need to be fulfilled in order for a trading bot to receive our recommendation.
Our prime concern when evaluating the potential usefulness of a trading bot is its reliability. Although superior to the traditional trading methods in more than one way, automated trading systems are not infallible. When examining the reliability of a particular bot, our team runs a series of rigorous tests in order to ascertain whether the functionality of the bot is impeded by any of a number of negative factors, including system failures and anomalies and discrepancies in the bot’s performance during backtesting and live trading.
As an active participant in the cryptocurrency market, one must always be aware of the dangers that come with the involvement in this unique business. Services provided in the domain of coin trading are often designed to prey on the less experienced users and their funds and many of them are not to be trusted. That is why we highly value transparency, as an indicator of fair practices and adequate quality of service. If you are investing in a trading bot, you need to be acquainted with all the details pertaining to your investment in order to be absolutely certain you have made the right choice.
The reasons for going into the cryptocurrency trading business may be vastly different for every individual, but it all boils down to making a profit. If a trading bot cannot help you take your trades to the next level, increase your profits, and successfully execute your trading plan, its usefulness is questionable, to say the least. Thus, profitability is one of the most important criteria of trading bot selection.
Another aspect of this type of service that we take under consideration is the type of licenses available, as well as the pricing. We primarily look for trading bots that come with licenses designed to satisfy the different needs of traders, with the price corresponding to the quality of the service provided. Although a good trading bot can be considered invaluable, too steep a price can be a deal-breaker for many, so we make sure we only feature the best trading bots that come at the best price.
While keeping in mind that new and advanced automated trading systems surface all the time and that any one of them may be one of the best choices currently available, although they many not generate a significant amount of attention, we do take their reputation very seriously. If a trading bot gets good reviews from a large number of professional traders and other relevant sources, it is definitely a sign that it is worth our attention. However, we never rely on the experience of others, but rather just factor it into our final assessment of the quality of the service.
Apart from these general requirements, we also focus on the more specific properties of the trading bots we test. We pay significant attention to the range of indicators available, exchanges supported, and insurances and safeties provided, as well as bot customization, the availability of backtesting and autotuning, and other important features.
Finally, based on the overall experience, involving every aspect of the service and the performance exhibited during the testing phase, we assign a final score to every trading bot we review and determine its ranking relative to the scores of other trading bots tested.
