Cryptotrader cryptobot review

Rating: 4,5/5

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What Is Cryptotrader cryptobot?

Cryptotrader is a trading platform for trading bitcoin and other cryptocurrencies based on algorithmic automatic trading processes in a scalable cloud environment. The user can also create and test (backtests) the trading algorithm themselves. Thanks to the API configuration, the monitoring process can be conducted 24/7.

Review Summary

Feature

Total Rating

Ease of Use

4,5 ⭐⭐⭐⭐

Commissions

4,5 ⭐⭐⭐⭐

Reputation

5 ⭐⭐⭐⭐⭐

Customer support

5 ⭐⭐⭐⭐⭐

Design

5 ⭐⭐⭐⭐⭐

Advantages and disadvantages

Advantages

Disadvantages

  • A huge variety of trading strategies
  • Opportunity to make your own strategies and sell them
  • Notification function
  • Available only for a fee
  • Difficult for beginners

Cryptotrader allows traders to develop their own cryptocurrency trading strategies. The bot offers five different subscription plans priced from 0.006 BTC to 0.087 BTC per month. The packages differ in the number of simultaneously connected programs, as well as in the trading volume

What Is Cryptotrader cryptobot?

What Exchanges does Cryptotrader support?

The following cryptocurrency exchanges are currently supported by Cryptotrader:

  • Poloniex
  • Bitstamp
  • Huobi
  • OKCoin
  • Coinbase
  • Bitfinex
  • Kraken
  • Bittrex
  • Binance

Subscription plans

Subscription plans

To use the trading bots, you must subscribe. The different functions and limits depend on the selected subscription plan. There are the following types of subscriptions:

  • Basic+. In this plan, only one bot is available, as well as information via e-mail. This tariff will interest only beginners, because there is a limit on funds for trading - $1000. A trial period of 7 days is available;
  • Regular. Developed for traders who have mastered the work of Cryptotrader. Here you can perform operations up to $5,000, simultaneously running up to 3 trading bots. Other functions are not available;
  • Pro. This package is designed for professionals who can additionally apply short trading strategies. Alerts can also come via SMS. You can invest up to 20,000 dollars;
  • VIP. You can open up to 10 robots and use all the functions of the platform without any trading volume limitation;
  • Premium. Differs from the previous one by the number of automated robots, which can be run for trading.

Registration on Cryptotrader

In order to start trading using bots you need to register. To do this, click on the appropriate button on the cryptotrader.org website.

This opens a form, in which you should specify:

  • Country of residence;
  • E-mail address to log in;
  • Password.
Registration on Cryptotrader

In the personal cabinet of the trader, which opens after registration, you can choose and create strategies, as well as manage the sales.

Capabilities and features of Cryptotrader

Cryptotrader is a convenient and simple environment for launching trading robots in a reliable cloud hosting, completely isolated from the web.

Capabilities and features of Cryptotrader

It supports more than 130 trading indicators. Full list here https://cryptotrader.org/talib
There is also a big number of trading algorithms created using Cryptotrader API.

In order to run algorithm in automatic trading mode you need:

  • Register on the site and pay for any tariff.
  • Choose a trading strategy.You can use one of the ready-made algorithms or develop your own algorithm, if you have a basic knowledge of programming. On the home page you can find some proven algorithms such as EMA, MACD, Ichimoku.
  • Test the selected algorithm on historical data for a particular platform. Do not neglect this important step in testing any system. To do this, you should set the parameters for the test on the page with the source code of the algorithm: instrument (eg, BTC/USD), the trading interval (with how often the algorithm will receive market data), the time period. After all the necessary settings, press Backtest to start testing. Before you start it, you can specify such parameters as initial deposit and exchange commitments. After the end of the test the Log window will contain the test results - the initial balance and the final results in terms of money.
  • Now, if the test results are satisfactory, by pressing Trade you can run the algorithm in the mode of real trading (automated trading) or simulated trading. For the simulation mode it is enough to specify the initial balance, and after starting the algorithm will process the market data and inform by e-mail the trading results, as well as display the operation log. For the real trading mode it is necessary to specify the API keys of the exchange where you trade, which are available in the control panel.

Also when working with Cryptotrader it is necessary to remember the following:

  • There are no wallets for cryptocurrency on Cryptotrader. Bots are connected directly to the account on the exchange;
  • It is not recommended to connect several bots to one Crypto Wallet so that they do not compete with each other for the funds placed there.

Affiliate Program

Affiliate Program

Another feature of Cryptotrader is an opportunity to become a member of an affiliate program. For attraction of users the company pays 10% for each person who came through the link. Also experienced traders get up to 70% for the fact that their developed strategies for different markets are used by other clients.

Conclusion

Cryptotrader is one of the oldest cryptobots on the Internet. It is difficult to learn, but with competent work with it can show good results. The developers are preparing a new version of their platform - Cryptotrader 2.0, so there is a hope that the service will become more friendly for beginners.

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.
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