Top 5 Crypto Trading Bot – The complete Guide
Crypto trading bot are a sophisticated way to generate passive income from the cryptocurrency market. In a fast moving market like the cryptocurrency market, it’s becoming very popular to automatize the whole process of trading.
Our team at Trading Strategy Guides has done all the research and put together a proprietary Bitcoin trading bot that looks for trades, opens trades, and closes trades based on a very unique cryptocurrency strategy. We’re going to talk more about this later.
Before collapsing the infamous biggest Bitcoin exchange MT Gox was using the Willy trading bot to manipulate the price of bitcoin. This was a bitcoin trading bot that led to the Bitcoin price bubble and crash months after. This was all happening back during the end of 2013 when the crypto market was still a virgin market.
In this article, we’re not going to deal with that kind of crypto trading bots, but instead we’re going to look after the best crypto trading bots that can actually help you profit from the day-to-day crypto price fluctuation.
Just like in the stock market and the forex market, there are traders that have gotten involved in creating some of the best crypto trading bots to help maximize their profits.
Let’s now dive into what is a crypto trading robot and see what are the most popular crypto bots on the market.
What is a Crypto Trading Bot?
A crypto trading bot is simply a computer algorithm that uses various indicators and chart pattern recognition scanner to automatically execute trades on your behalf. If you have the right coding skills you can program a cryptocurrency bot to decide for you when to take and close trades.
However, if you’re not a wiz kid coder you can still have access into the automation world by subscribing to the best crypto trading bots that the market has to offer you.
The whole financial system has been taken over by the algorithms and soon enough the cryptocurrency market will experience the same thing.
It will be the men versus a machine fight.
But, as long as there will be markets that move, there is always going to be some human activity. Trading robots can’t eradicate entirely the presence of humans, but it certainly can lead to a tougher environment. Warren Buffet is a human that amassed tremendous success and amounts of wealth despite the rise of high-frequency trading.
Even if you’re not a fan of trading bots, you can still carry on with manual trading if you have the right skills.
Before you cast away the trading bots, you have to consider the many advantages that come with using cryptocurrency robots.
Bitcoin Trading Bots Advantages
The first advantage is that it eliminates the emotions out of the decision making process. That’s kind of a big deal. Many crypto traders fail because they don’t have the discipline to follow a trading plan.
Secondly, you’ll have a more efficient execution of your trades and better entry prices. If you’re quicker in terms of trade execution, you have a time advantage.
A trading bot can also detect chart patterns that are more difficult to spot by a human eye.
Another advantage of using a free bitcoin trading bot is that you don’t need to be with your eyes glued to the screen all day long.
Our team has spent years learning, watching, adapting, and trading different charting patterns. And we built an automated crypto robot based on this research.
Free Bitcoin Trading Bot
If you want a unique opportunity to maximize your crypto returns you can try our almost free bitcoin trading bot.
Frankly, manual crypto trading takes time and the right skills. You can try using the bitcoin signal indicator and trade by yourself. However, the problem is that you still need to know how to only take the “right” trading opportunities. You still need to understand how to manage those trades. This can make the difference between winning and losing.
If you have no idea how cryptocurrency trading works you can use the Bitcoin Signal Robot. This unique trading software will work in the background for you, and it will trade on your behalf.
You only need to follow this simple four-step guide to make money with our crypto trading system.
- Pick a Trading Broker
- Install the Bitcoin Signal Robot to your PC
- Adjust the settings and your risk!
- Watch the account GROW!
You can start trading with as little as $100. So, you don’t have to commit a lot of money.
Note* When you sign up and get the Robot working and running, we HIGHLY recommend that you use a demo account first and see how the robot works.
Now, let’s see what other trading bots the crypto space can offer you.
See below our top 5 cryptocurrency bots:
Top 5 Crypto Trading Bots
Selecting the right crypto bot for mechanical trading may be difficult, but we have the solution for this problem. We’ve put together a comprehensive review of the top 5 crypto trading bots that the market has to offer you:
Pick #1: Arbitraging Software
First, you can sign up and use our favorite cryptocurrency arbitrage website here: Sign Up for ARBITRAGING.
Arbitraging.co won’t charge you for anything, and you can get paid from the profits made starting from the first day. They only have a small transaction fee, which any way you still have to pay even when you make the trades yourself.
The arbitraging trading software aBOT automatically buys cheap crypto and looks to sell it for a higher price on a different bitcoin exchange.
Arbitraging is 100% decentralized, and you can check all the transaction activity made by the arbitraging trading software on the blockchain.
Pick #2: HaasBot
Haasbot is probably one of the most expensive crypto bots out there. It’s not joking when it comes to the money you have to pay for it. We can all agree that this crypto trading robot is not just for everyone. The subscription price starts to add up to over $10,000 per year for the more advance version.
Haasbot software definitely targets the more experienced Bitcoin traders. Haasbot uses candlestick pattern recognition feature and some advanced indicators to time the market.
Haasbot is not just a bitcoin trading bot, but it also trades 500+ alt coins across all major cryptocurrency exchanges.
Pick #3: Gekko
Gekko is a dedicated, free and 100% open source platform that allows you to create your own cryptocurrency robot. You simply download and run the software on your own PC.
Gekko has a lot of powerful features that allow you to optimize and backtest your crypto strategy. The only downside is that Gekko bot is exclusively for Bitcoin trading.
Gekko trading bot also only supports a limited number of crypto exchanges (Bitfinex, Bitstamp and Poloniex).
You only need to build your own automated crypto bot and Gekko trading bot will take care of everything else.
Pick #4: GunBot
Gunbot is another automated Crypto Trading Bot. Gunbot trading bot is completely customizable so it can fit your risk profile and trading style. Unlike Gekko, Gunbot works on more crypto exchanges like Bittrex, Binance, Poloniex, Bitfinex, Cex.io, GDAX, KuCoin, Kraken and Cryptopia.
This cryptocurrency robot offers you different pricing plans starting from 0.025 bitcoin and can go as high as 0.3 bitcoin for the more advanced version. You only have to pay for a one lifetime license.
Another interesting feature that Gunbot offers is that it has 32 different trading strategies built in from where you can choose.
Pick #5: Bitcoin Signal Robot
Bitcoin Signal Robot is our in-house cryptocurrency bot. We are subjective for including Bitcoin Signal Robot in our top 5 crypto bots, but our backtesting results are a solid proof that this crypto bot is capable to generate some nice profits.
Unlike most of the competition, our proprietary crypto bot is available on the Meta Trader 4 and Meta Trader 5 Platform.
If you’re a Forex trader this is very handy as you can manage your crypto and Forex exposure all from one place.
We know that trading robots are not for everyone so if you have a get rich quick mentality and you are a lazy trader, better stay away from crypto robots.
Conclusion – Best Crypto Trading Bots
It’s vital to do your own due diligence and do your own research to ensure the crypto trading bot is reliable and trustworthy. The quality of an automated crypto robot is given by the relationship between the potential cost and the potential profits you can make from using these bots.
Cryptocurrency is a volatile market and not so easy to trade. If you’re an inexperienced trader, you should consider the benefits of using a crypto trading bot to increase your profits. Ultimately, it’s up to you if any of the above recommended cryptocurrency bots make sense to you.
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