Trading signals are of great help to amateur traders, as they indicate everything about how to successfully enter the market and make profits. However, receiving this data is not enough to achieve success on an exchange platform. It is necessary to know the basic concepts of trading and the available tools to make the most of market movements.
Due to this need, multiple experts have developed trading bots, which we can define as software that analyzes data and makes trading operations automatically based on market data. Although users must customize their software, the bot will analyze market information on its own and execute operations automatically.
Trading signals are provided by a large number of companies in the cryptocurrency market and even for FX markets. This is great for helping also expert traders to understand whether they are placing good or bad trades. Take into consideration that these are only suggestions and they do not always provide accurate signals.
With trading bots, it will be easier to set up all these trading signals and reduce the time you spend setting up trades, placing stop-loss orders and more.
A cryptocurrency trading bot can have two main uses. First, simplify and automate the investment process. The robot can be in charge of diversifying your portfolio, building indexes, rebalancing your investments, among others. Second, the trading robot can compete in the market to seek to maximize profits.
Although it sounds wonderful, there are precautions that every user should know. Just because the robot works automatically does not mean that you can choose anyone and stop working. Most bitcoin and cryptocurrency trading robots work by linking the software to some exchange house.
It is necessary to investigate the bot that we are going to use because it will have access to our funds. We must not forget that on the Internet there are plenty of hackers and scammers, so we make a list of the best and most reliable trading bots.
Cornix is a much simpler bot and although it does not have a wide range of options, the main ones (trailing stop loss, take profit, etc.) work excellent. It is a bot in which you can manually enter your trades, follow signals published on telegram channels automatically with a click, but if it is famous for something it is for the full integration with VIP signal channels.
When you subscribe to a group of signals on Telegram you have a team of "experts" that scan the market to find the best opportunities and publish them on their channel. If in this channel they have integration with Cornix you can activate those trades automatically without having to go to your exchange and do it manually avoiding being too late. It's so simple that admins will tell you what parameters to use to maximize performance.
Cornix offers different payment plans. The "Beginner" Plan costs $24.90 and includes Manual Trading, Telegram Bot Integration, trading notifications, trailing functionality, Concurrent Stop/Take Profit orders
2 x API Slots per Exchange, multi signal format support and customer support.
The "Intermediate" Plan costs $32.90 and includes everything in Beginner Plan, automatic signal following and the Trial Package.
The "Pro" Plan costs $59.90 and offers everything in Intermediate, Mobile App, TradingView Integration and optimized channel configurations.
Crypto Hopper is one of the best trading bots integral with Telegram. Its interface has a simple and friendly graph, it tracks trading signals through typical technical analysis but optimized for digital currencies, which have shorter cycles and more difficult to anticipate behaviors.
Cryptohopper software is capable of hunting excellent opportunities in the market and its algorithm works with a time jump of 0.01 seconds.
Cryptohopper has three pricing plans in addition to the seven-day free trial. For the free trial, all you need to do is register and start using the service. Upon expiration of the period, these services are automatically disabled. Users can access indicators like Stoch, RSI, Bollinger Bands and MACD.
We have the Explorer Hopper Starter package that costs $16.58 months per month. It has 80 positions, with a maximum of 15 selected coins. The package comes with two maximum triggers. The execution time is after every 10 minutes. Also, subscribers to this package get basic support.
The next level is the Adventure Hopper Medium, which costs $41.58 per month. It has 200 positions with a maximum of 50 coins. This package has five triggers with a run time of five minutes. Also, subscribers get extended support.
Lastly, we have the Hero Hopper Pro, which costs $83.25 per month. It comes with 500 positions with the maximum of selected coins standing at 75. This pack has a maximum of 10 triggers with a runtime every two minutes. It also comes with top-of-the-line arbitration and support.
Zignlay is a trading software that works so you will never miss a trading opportunity again. This service allows its users to operate automatically using external providers of cryptographic signals.
Zignaly is one of the professionals, although much less popular than the previous alternative. With the help of Zignaly Platform, you can easily manage buy/sell indicators from external integrated indicator providers. It is a totally cloud-based platform with excessive security and speed.
One of the key features that you can find in Zignaly is Trailing stop loss. It is one of the most widely used features on its platform and is not available on most exchanges.
This service contains all the allowed currencies, accepts multiple signal targets, has DCA-based buyback strategy options and also allows trading using TradingView signals, although it can also be linked with Telegram.
Zignaly currently supports two main encryption exchanges. Binance and Kucoin are currently live on the platform and are working on the Bittrex, Bitmex and Poloniex exchange.
3commas trading platform that has reached numbers of 120 thousand registered cryptocurrency traders, $60 million in daily trading volume and 23 compatible exchange companies.
In simple words, 3commas works to build your trading strategies, automate your trade, or just follow the top crypto trading signals from other traders.
Among its main characteristics, we can highlight:
3Commas is considered the most reputable trading bot available today, as is CryptoHopper, although it does have a sophisticated bitcoin-based bot system.
Blackbird is different compared to the other trading bots for cryptocurrencies because it is an arbitrage-focused bot for cryptocurrencies. The trading system was developed on C++ and it allows users to create long and short arbitrage among the most popular cryptocurrency exchanges in the market.
It is possible to use this bot without having to transfer funds between exchanges, which can be somehow tricky and a slow process. Considering the market is very volatile, this bot would take care of the trading needs of the users making arbitrage much more efficient.
Don’t confuse yourself with other bots. This bot is not a market making bot. Indeed, this bot is only pretending to make arbitrage in the cryptocurrency market rather than simply making market buy and sell orders to profit with the spread difference.
Coinigy offers a digital platform for trading in the crypto markets and allows you to trade 45 of the most popular crypto exchanges with your desktop or mobile application. The Coinigy team is made up of programmers, software developers and traders with years of experience in the financial markets.
The Coinigy platform is cloud based and never contains user funds, so its security is bulletproof. To be safe, it also uses two-factor authentication and SSL connection to protect any data that is fed through the site.
Coinigy is not free, but there is a free 30-day trial period. The Pro Trader program costs $15 per month. The Coinigy Pro Trader version offers unlimited trading at no additional charge 24 hours a day, 7 days a week.
The list of trading bots does not end here. Wunderbit Trading has been growing as a platform that allows users to start trading and investing in cryptocurrencies. However, one of the main benefits of this platform is that you can automate your trades and execute the most advanced strategies ever.
Wunderbit Trading is already supporting several crypto exchanges including Binance, Binance Futures, BitMex, FTX, OKEX, Deribit, Bitpanda Pro and Bittrex, among others. This makes it easier for users to get access to the exchanges they use the most.
Wunderbit is offering different trading services and solutions such as a crypto signals marketplace, trading bots, smart trading, spread trading, dollar-cost averaging (DCA) and more.
providing you with access to some of the most exclusive, game changing cryptocurrency signals, newsletters, magazines, trading indicators, tools and more.