Another great feature of 3Commas is that they offer multiple currency support. Beginners can start with their paper trading feature to test out their strategies. Advanced traders will get value out of their SmartTrading tool which allows trading from multiple exchanges and pairs from within their streamlined interface.
Prices 3Commas offers a 3-day free trial for the Pro package, which lets you try out all of their features. If you want to access marketplace signals that is an additional subscription through their Marketplace. CryptoHopper CryptoHopper is one of the most popular trading bots on the market, and it offers many of the features that a beginner should be looking for: paper trading, backtesting, trailing stop-loss and a strategy designer tool that makes it easy to customize your trading strategy with the help of over indicators.
CryptoHopper has a robust tutorial section for beginners as well as the option of purchasing the best strategies and templates from expert traders. CryptoHopper is cloud-based and supports up to 12 exchanges, and they are always adding more. For advanced traders, CryptoHopper has a marketplace of free and paid signals which you can combine with technical indicators to customize your own strategy.
Prices CryptoHopper has a free Pioneer package that enables manual trading and portfolio management, but if you really want to get a sense for their trading bot you should try their 7-day free trial of the Explorer package. Exchanges 7. Trade Santa TradeSanta is another cloud-based platform that offers both a great free plan as well as a 5-day trial of their basic plan. Their free plan lets you trade with up to 2 bots, and the basic plan up to 49 bots. The TradeSanta website really excels at making automated trading feel simple.
You can build your strategy using their Long or Short templates or customize your own from scratch. They currently support 9 exchanges including Coinbase Pro and Kraken. They have one more plan as part of a special partnership with. You get unlimited trading pairs and exchanges on each plan.
The only difference is that you have access to more bots with the higher priced plans. Exchanges 8. Trality A leading European FinTech based in Vienna, Austria, Trality provides innovative algorithmic trading bots for everyone who needs them. Prices Trality offers monthly and annual plans designed to meet the needs of a variety of traders.
Beginners benefit from a completely FREE plan, while intermediate and more advanced users can enjoy greater flexibility, increased trading volume, and lower tick intervals with paid plans. Zignaly Zignaly is another new trading terminal that offers a free trial with their paper trading option.
What started out as a top provider of cryptocurrency signals, has grown into a full-fledged crypto trading platform and suite of tools for traders. Zignaly offers copy trading, trading bots, and a full crypto terminal within the platform.
It is cloud-based software, and the team is focused on being a low barrier to entry platform that simplifies the entire process from start to finish. One of the best features of Zignaly is the depth of their signal integrations. You can pull in signals from your favorite signals provider to trade automatically.
Zignaly is another trading platform that has partnered up with CoinLedger to bring automated tax reporting to their users. See more about the partnership here. Pricing FREE. Zignaly is completely free to use as a result of their partnership with various cryptocurrency exchanges. This is a huge advantage over competing products, and it makes giving the platform a try a no-brainer!
Exchanges Their strategy editor offers an intuitive drag and drop interface that allows you to build a trading strategy graphically. You can then try out your strategy in demo mode for free; you only have to pay once you start using it for real trades. Discover best practices, assess design trade-offs. Crafting a solution to meet the challenge The project consisted of two components: A stateful communication layer between the trading bot and the cryptocurrency exchange we chose to go for the Poloniex exchange.
This part was implemented with Elixir. The latter is a fairly young programming language running inside the battle-tested Erlang VM. Since in this specific context we needed a tool that could handle a high volume of concurrent communication, Elixir seemed a great fit for the job.
The trading bot itself which is the subject of the article; the bot was made with Python. While building the solution, we chose to use the scikit-learn library written in Python , as it comes with a large number of well-documented, ready-to-use data preprocessing tools, algorithms as well as solutions to visualize the results generated. This choice made it easier for us to focus on the domain problem itself rather than the technical intricacies of the implementation.
In order to train and verify the performance of the model, we gathered and processed historical price data from the last few years between 1. The latter source provided us with millions of data entries which were transformed into feature vectors. The model was trained using the data from just one market, whereas the simulations were run on the data from the remaining markets. As for simulations, we assumed a starting portfolio of 0. At first, the only features we extracted were the closing price from the previous and current time periods.
At the beginning the simulated results were not very promising — they revealed two very significant problems. Firstly, the model would make incorrect decisions most of the time, which would lead to a steady decrease in portfolio value over time. The other issue — which arose in another set of market cases — was that the model would make too few trades over a timeframe of a few years, without making any significant profit. At this point, we took a few steps in order to improve the performance of the model.
The first step consisted in extracting additional features. We did some research on technical analysis indicators and eventually came up with a list of about 10 indicators which seemed to ensure the best results in similar trading challenges. In the second step, we worked to apply different classification algorithms and tweaked their parameters.
All in all, in the end we built a classifier which relied on recent price changes as well as technical analysis indicators.

BTC FUTURES API GITHUB EXCHANGE
Crypto bots can help you set goals, thereby eliminating human interaction. Users might miss out on this profit if they do it manually, as it takes a while. This is where trading crypto trading bots help the most. Once you start using bots to make an income, you rarely miss out on profits. When combined with backtesting, forecasting can help traders understand if the approach they want to take will generate significant profits.
Bots are immune to these faults. Here are the most popular types of them. Trend trading bots As the name of the bot suggests, it takes into account the momentum of a specific asset and, after analyzing it, executes buy or sell orders.
If the trend shows a price increase, the bot will open a long position. Likewise, he will go short as soon as the price falls. Simply put, trading with a trend implies that the asset will continue to move in the same direction as it is currently, and trend trading bots make this work to their benefit. Arbitrage bots This particular bot uses the concept of arbitrage. Arbitrage is a transaction that exploits price imbalances in various markets or various forms.
This is especially true in inefficient cryptocurrency markets. By buying and selling an asset at the same time, you can profit from the existing imbalance. Thus, arbitrage crypto bots are programmed to track the distinction between the price of a coin in various markets. To later buy a coin where the price is lower and sell where it is higher. Coin lending bots One of the fun ways to make money on cryptocurrencies is to lend coins to margin traders who will later pay you back the loan with interest.
Some exchanges like Bitfinex and Poloniex have this margin financing option. However, setting the number of parameters manually every time the margin trader pays back your money is tedious and you need to arrange a new loan. Coin lending bots help automate the process, spend less time finding the right interest rate, and exploit potential spikes in lending options. Market maker bots The more actively the asset is traded, the wider the spread will be and the more profit the market maker bots can get.
The key principle is to sell to investors at a higher price than the selling price and do it as often as possible. The market maker bot places an order with a price other than the market price and thus making the market makes money for the software owner. The Functionality of a Cryptocurrency Trading Bot If you want to get the bot with the best performance, make sure the software does a lot of basic and advanced functions.
Traders can receive notifications to their email addresses, through popular messaging apps, or via SMS. Thus, they can be informed when the bot completes a successful transaction or when the price of the monitored currency reaches a threshold value preset by the user.
This information is important for developing new algorithms and improving old ones. In addition, this feature includes the presentation of reports with data in the form of charts or graphs. Backtesting usually takes into account market fees, latency, and other aspects that have a direct impact on transactions.
This way, clients can track their past financial performance and remember when a particular transaction was made. If necessary, the bot can wake up the device to start and put it into sleep mode or turn off the power after a set period. Since a trading bot has access to your cryptocurrency wallets, some security measures are necessary, such as strong ones like biometric authentication. In addition, a cryptocurrency trading bot must support several of the most popular currencies and exchanges.
At the same time, it should be noted that bots focused only on bitcoins cost less and take less time to develop, which can be defined for many entrepreneurs. You can collect a few important ideas before starting a software development project. While this new platform adds features, its simple Python integration and particular documentation make sophisticated bot building clear. Thus, everyone will find a suitable option. Moreover, Cryptohopper has an extensive toolbox and convenient interface.
TokenSets are a great option for investors interested in getting started with DeFi. Its opportunities are amazingly solid and include automated trading, visual strategy design, and back and forward testing. Customers can develop sophisticated trading strategies for Binance and FTX and perform them in real-time to take benefit of market fluctuations. Follow these steps to build a useful bot: Stage 1.
Select the programming language There are two programming languages, we advise you to choose from. Ideal options are Javascript and Python. They will make life easier for you and the programmers. Stage 2. Visit 3Commas Best of the Rest Although 3Commas and Cryptohopper are often regarded as market leaders in the Bitcoin trading bot space, a number of other providers are also worth considering. HaasOnline Launched back in , HaasOnline has a three-year headstart over the previously discussed providers.
The platform is potentially more comprehensive in certain areas in comparison to 3Commas and Cryptohopper, especially with respect to the number of supported exchanges, key market indicators, and trade limits. However, this does come at a cost, as HaasOnline is somewhat expensive.
The Beginner, Simple, and Advanced plans come with an annual cost of 0. The platform allows you to install over different indicators into your pre-built bot, including key technicals such as the RSI and SMA. Moreover, the platform also offers a market that contains over 1, different strategies. While all of the three plans give you full access to all indicators, exchanges, and an unlimited number of positions — your chosen plan will dictate how many bots and strategies you can have active at any given time.
You can also take Live Trader up on its 7-day free trial, which should be enough time for you to assess whether the Bitcoin bot provider is right for you. Visit LiveTrader GunBot Gunbot is a highly comprehensive Bitcoin trading bot provider that is best suited for those of you with experience in coding. If you do, then you will have a significant amount of flexibility at your disposal when it comes to designing your bot. Moreover, the programming interface is available on all major operating devices, including Windows, Linux, and macOS.
Gunbot offers four main paid packages, which ranges from 0. While each plan comes with a significant number of trading strategies and an unlimited number of pairs, it is important to note that compatibility with exchanges is somewhat limited.
While the three lowest-priced plans offer just cryptocurrency exchanges, the most expensive plan still only offers 5 exchanges. Visit GunBot CryptoTrader CryptoTrader is somewhat different from the other Bitcoin bot providers that we have discussed thus far, not least because it operates on the cloud. As such, there is no requirement to run the bot on your system. Not only does CryptoTrader give you the option of building your bot from the ground-up via coding, but you can also purchase a proven strategy via the marketplace.
Moreover, if in certain situations you want to take over from the bot and trade an event manually, CryptoTrader can send you notifications when a particular price-point is triggered. We also like the fact that you can pre-test your strategies on all of the exchanges that the platform supports. Price-wise, there are five plans in total, which ranges from 0.
Visit CryptoTrader Margin. Unlike the other providers we have explored so far, the pricing plan at Margin. However, the standard plan is capped to just 1 exchange, while the other two plans are compatible with all other exchanges. The builder is suitable even to those with no experience in trading, as each step of the strategy is broken down piece-by-piece.
The more KRL tokens that you hold at the platform, the more features you will get with your bot. For this, you will be able to integrate your Bitcoin trading bot at five leading exchanges, which includes Binance, Bittrex, BitMEX, KuCoin, and Poloniex — with the team noting that more exchanges are to be added soon.
It is also worth noting that Zignaly runs on the cloud, so there is no requirement to integrate your bot with your hardware device. As the Zignaly platform is still in its infancy, it might be worth taking the provider up on its day free trial. In its most basic form, a trading bot is a piece of software that trades the cryptocurrency markets on your behalf. By this, we mean that each and every move that the Bitcoin trading bot makes is based on the pre-built specificities that have been programmed into the software.
In theory, the bot did not do anything special per-say, as it merely followed your instructions. On the flip side, it is also important to note that the above example is extremely basic. As we will discuss in more detail further in our guide, Bitcoin trading bots can do so much more than just place pre-programmed buy orders when certain percentage targets are met. So now that you have a basic understanding of what a Bitcoin trading bot actually is, in the next section we are going to outline some of the main benefits that a bot can offer.
Before unravelling some of the many trading strategies that an automated bot can execute, we thought it would be a good idea to outline why you might want to use one. Check out the following benefits of using a Bitcoin trading bot. There are only so many hours that you can sit at your computer watching the markets intensively.
However, the benefits of an automated trading bot in the context of time goes far and beyond just fatigue. On the contrary, bots allow you to extend your exposure to the global Bitcoin trading arena around the clock. Ordinarily, you would only be able to trade on a certain timezone, meaning that you stand the very real chance of missing a key market development that occurred outside of your main trading session.
During the night, Bitcoin breaks through a key resistance level with ease, subsequently indicating that a bull market is imminent. Unfortunately, as this key development occurred while you were asleep, those based in other timezones were accustomed to the major price movement, while your timezone meant that you missed it.
This is where the capabilities of an automated Bitcoin trading bot excels. You see, as bots operate as and when they are programmed to operate, you can essentially access the markets 24 hours a day, 7 days per week. After all — and unlike the traditional stock markets, Bitcoin is traded globally around the clock.
Multiple Markets The second key — and equally as important metric to consider when assessing the benefits of a Bitcoin trading bot is having access to multiple markets. By this, we mean being able to trade on multiple third-party cryptocurrency exchanges concurrently. Ordinarily, the sophisticated nature of the financial and cryptocurrency markets means that we can only trade on one platform at a time.
In this example, the disparity in pricing is minute. However, when Bitcoin goes through a period of parabolic activity — meaning that its price goes up or down extremely quickly in a very short period of time, the disparity in pricing between exchanges can be significant. What this means in the context of Bitcoin trading bots is that you stand a really good chance of making gains in the form of an arbitrage trade.
However, it is also important to note that if an arbitrage opportunity does arise in the Bitcoin trading markets, it will not be present for more than a few minutes. Once other traders have spotted the opportunity, the markets will quickly catch up and once again, cryptocurrency exchange prices will be more aligned. This means that regardless of what timezone you are operating on, your Bitcoin trading bot can make risk-free gains when exchange price disparities occur.
Sophisticated Strategies One of the biggest pain-points for seasoned traders is that cryptocurrency trading platforms are often limited in what they offer. By this, we mean that the number of order types available will often be capped at basic market and limit orders. For those of you that are looking to install sophisticated strategies into your Bitcoin trading endeavours, an automated bot is ideal.
While we will explore the specific strategies available further down in our guide, this includes a range of technical indicators and triggers that subsequently transition into market orders — all of which can operate across multiple exchanges 24 hours per day. In effect, third-party platforms that offer Bitcoin trading bots often allow you to design and program the algorithm from the ground-up.
This allows you to mirror your sophisticated trading strategies around the clock — without needing to spend a single second at your computer trading. On the one hand, they are ideal for advanced traders, insofar that investors can utilize highly advanced trading strategies around the clock.
With the capacity to install thousands of potential triggers built into the bot, the underlying algorithm can make a significant amount of calculations per second — something that is beyond the capacity of the human brain. At the other end of the spectrum, Bitcoin trading bots are also ideal for inexperienced newbies.
The reasons for this are two-fold. Firstly, novice traders that wish to utilize an automated bot can purchase a pre-programmed strategy, meaning that no experience is required to put the bot into action. The novice trader can then configure the pre-programmed strategy to their individual requirements, such as the amount of money that the bot trades per order, or the specific exchange platform s that the bot operates on.
Such platforms even allow you to test the bot in the open marketplace without risking any money. As such, traders can then make the required adjustments until they feel the bot is ready to perform. Emotion-Free The final benefit that is worth a quick mention is with respect to emotions. Irrespective of the underlying asset that is being traded, emotions are one of the biggest roadblocks for investors, not least because they often lead to irrational behaviour.
By this, we mean making high-risk decisions in response to an adverse trading result. The rational part of you is confident that a bear market is in the making, and thus — you should exit your position. In doing so, although you will have made a loss, you will have likely limited these losses by closing the trade. This is a perfect example of a rational trade.
However, many traders are unable to handle large losses, with the emotions of such a loss leading to irrational behaviour. With that being said, a Bitcoin trading bot would not have made the same mistake. As such, a Bitcoin trading bot completely alleviates the threats of adverse emotions and irrational thinking, which is crucial. So now that you know some of the many benefits that Bitcoin trading bots can offer, in the next section of our guide we are going to look at some of the key trading strategies that an automated bot can execute on your behalf.
Read: Should You Invest in Bitcoin? While some of the providers that we discuss further down in our guide might offer some of the below strategies, others might not. Market and Limit Orders The obvious starting point is the capacity to execute age-old market and limit orders. This is where you instruct your bot to buy or sell Bitcoin when it hits a certain price. Although market and limit orders are available on the vast majority of, if not all, third-party cryptocurrency exchanges, it is important to remember that a bot can do this for you when certain conditions are met.
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