Aug 21, · In our last article on the subject of Bitcoin trading assisted by a trading “bot”, we had the opportunity to review the evolution of different trading strategies, from classic and very human strategies in the finance sector to strategies managed in full autonomy by crypto-traders robots which prove most of the time much more efficient than a trader in flesh and blood. Mar 16, · These are the bots hardcoded with the arbitrage strategy. Blackbird is one of the better arbitrage bots in the market. The Blackbird Bitcoin Arbitrage is a C++ trading system that does long/short arbitrage between Bitcoin exchanges. While the code does require a little bit of work, it . Best Bitcoin bot strategy is metric linear unit parvenue currency that was Bitcoin is money, but to buy Bitcoins, you need to send money to someone else. The more progressive the commercial enterprise system of your country is, The better the nonfinancial organisation you live in, the easier it is to exchange your money in Bitcoins.
Best bitcoin strategy bot18 Best Automated Smart Bitcoin Trading Bots in
It is therefore important to demystify it to reveal the bot trader that lies dormant in you. No, this type of trading we are going to talk about is computer driven which is based on one or more algorithms, hence the term algorithmic trading. The robot trader therefore does not take a vacation or a coffee break, beyond that and even more important, the robot is not endowed with the slightest emotions that could cause it to deviate from its initial roadmap.
You will understand, algorithmic trading aims to take advantage of the analysis and calculation capacities as well as the speed of reaction of a computer compared to a trader who would be human.
The main strategies that we will detail in the rest of this article are as follows:. Behind these Anglo-Saxon titles hide different kinds of trading bot settings which, once you have understood them, will allow you to optimize your approach to algorithmic trading. This strategy therefore assumes that when a trend, whether upward or downward in the market, is there to stay, at least until the moment when it switches from an upward trend to a downward trend. Concretely, this trading strategy is based on a bot that will analyze market trends and which goes, depending on the settings made, maximize profits by buying at low points in the price and then selling once a certain percentage of profit has been reached.
This strategy is therefore perfect for avoiding trading influenced by emotions that sometimes lead humans to want to sell at the top of the trend, which most of the time leads to missing the tipping point and thus not not make a profit. On the contrary, the bot will try to maximize profits according to the percentage of expected profit.
Period that can vary depending on the periodicity of the trend you want to observe: trend by hour, week, month etc … We can thus observe an upward trend when we observe that the price is found above the moving average bar or lower in the opposite case. This other strategy deployable through an algorithm is based on the principle that in a majority of situations, prices almost always end in revert to the average price of the asset.
Traders who apply this strategy therefore admit that variations that are too large or too small compared to the average evolution of the price of an asset is the simple result of a snowball effect on the markets.
Markets that will eventually rebalance around the historical average for the asset in question. If we take the example of Bitcoin , even if the latter has experienced very significant upward variations since its creation, over a given period in hours, weeks or months, the price undergoes a succession of upward and downward movements around a line of average price. Once the price reaches these limit points, the probability that the price will revert to the mean are significant, the trading bot thus configured can therefore anticipate future price fluctuations once these Bollinger bands are reached.
For example, by observing historical variations in the price of cryptocurrency , it appears that when the course of Bitcoin and of Ether increase significantly, this creates a ripple effect across the cryptocurrency market.
Bots that detect price increase signals on Bitcoin and Ethereum can then anticipate buy and sell orders on other cryptocurrencies on the market. We can never remember it enough, as in any trading strategy, profits are not guaranteed and any strategy presents risks even if the configuration of an algorithm makes it possible to minimize part of it.
As mentioned in our last article concerning the artificial intelligence revolution in the trading industry , advances in AI are now huge. It is therefore possible to take advantage of machine learning algorithms to develop an optimized trading strategy. This is notably possible thanks to advances in algorithms in natural language processing and analysis.
So your bot with algorithm of integrated machine learning is now able to scan millions of news items and newspaper articles on the internet to better anticipate trends in cryptocurrency prices. Concretely, the algorithms are able to autonomously change the setting of the trading strategy according to the data they are constantly analyzing.
This is really a big step forward for algorithmic trading in the sense that human intervention is hardly needed at any time. Unlike other platforms, Gunbot is not subscription service, instead, all purchases come with lifetime licenses and desktop applications. This way no API key data ever leaves your computer, and nothing gets shared with third parties.
Purchase GunBot lifetime license! This includes multiple trading strategies, backtesting abilities, a marketplace with a variety of signals and more. Cryptohopper is a great software for those looking a variety of methods to manage their trades but not interested in complicated systems or coding itself. The main feature that separates Cryptohopper from its competitors is the ease of use, after logging in the dashboard is ready and set up in less than 5 minutes.
For serious traders using Cryptohopper, we suggest the Hero package, however, beginners can do just well with Explorer, and note that there is a Free 7-day trial as well. This platform has it all providing you an endless amount of tools and possibilities to manage and execute your trading plan.
The only downside of this software is that it is expensive and not beginner-friendly. HaashOnline is one the most feature-rich bots in the market, because of its developer-friendly environment, meaning if you got the skills, you can script anything on it.
HaashOnline is relatively expensive, however, the price comes with quality and almost unlimited resources to flourish your creativity when it comes to automating Bitcoin trading strategies.
Get started with HaasOnline! Quadency is a new advanced cryptocurrency automation terminal based in New York. The platform offers a variety of automation from ready-made market maker bots to Tradingview integration and python scripting tools. Quadency has ongoing offers live at any given moment allowing new traders who connect existing exchange accounts to acquire up to 6 months of the FREE pro plan.
Simply connect your exchange such as Binance, and your account will automatically be upgraded to pro! Sign up on Quadency and obtain 6 month of free pro plan!
The platform also has an advanced trading terminal, in case you are familiar with that. Try Zignaly free for 30 days! On top of this Kryll has really simplistic user-friendly UI for automating your trades, so no coding is required or whatsoever.
Unlike many other tools, Kryll is not a subscription-based platform, and instead, whenever you use the strategy of your choice, you will be charged a fee. The software can be installed on all machines including Raspberry PI and on all major operating systems such as Windows, macOS, and Linux.
Get started with Gekko! Zenbot can be modified to suits your needs, and it can be set up on all major operating systems. Download Zenbot! Sign up now on WunderBit! The platform supports all major Bitcoin exchanges, has backtesting tools, and strategies can be bought and sold in the open market. The platform makes it easy to set up a bot in minutes, and notifications alerts can be activated on email, and SMS.
Sign up on Cryptotrader account now! On top of this Superorder also allows traders to download chrome extension which helps traders to trade multiple markets using the most popular charting software Tradingview. SuperOrder offers all the features with all pricing plans, however, the main difference is the platforms allowed monthly trading volume.
IO , and Bittrex. Join SuperOrder for free! This software runs on the cloud and has free to use plan, making it a great deal for beginners. Start TradeSanta Trial! The platform is specialized in automated grid bot strategies, arbitrage opportunities, and a different set of order types. Get started on Bitsgap for free! The platform provides a variety of its own automated bots that users can follow and subscribe to in order to generate passive cryptocurrency income over time.
Try NapBots today! LiveTrader is easy to use automated bitcoin trading software with all the latest indicator based trading strategies. Binance , Binance. Try LiveTrader for free! The platform helps users to diversify their portfolio into multiple different coins, with a click of a button. Shrimpy gives everyone a Hodler trading package for free that includes all portfolio tracking features.
Get started with Shrimpy! Exchange Valet is a desktop app available on Windows, Mac, and Linux. It is not necessary a trading bot, but an advanced trading terminal. Exchange Valet offers different billing terms for different timeframes. However, for any package, you can request a day free trial. Binance and Bittrex.