Want to try your hand at automated trading but don’t quite know where to begin? Read our article as we answer everything to get you started with automated trading!
What is Automated Trading?
“Automated Trading” refers to a financial market program that follows pre-established procedures for entering and exiting transactions.
By enabling quicker execution of your CFD trading techniques, automated crypto trading can help you improve the efficiency of your trades. You can complete many deals quickly using auto trading, and it also has the advantage of removing emotion from your trading selections. It is because the parameters you set already include all the necessary guidelines. Some algorithms even let you follow trends and make trades based on your pre-planned tactics.
Pros and Cons of Automated Trading
Top Crypto Trading Bots for Automated Trading
Whether you are a day trader, swing trader, or long-term investor, popular crypto trading bots have a diverse range of strategies and features to offer to everyone that suit your individual trading preferences. To automate your cryptocurrency trading techniques and increase profits, pick from the top Crypto Trading Bots on this list.
There are many crypto trading bots available, some of which include:
3Commas is one of the best crypto trading bots for anyone who wants to automate their trading strategies. The trade management software 3Commas trading bots offers an excellent user interface for many of the biggest cryptocurrency exchanges. 3Commas helps users increase their bitcoin investments by using a terminal with many features and tried-and-true automated bots that take full advantage of the Binance exchange platform. Trade between 3Commas runs smoothly or securely. To try out this platform, you may sign up for a FREE 3-day trial subscription with 3Commas.
WunderTrading is a cryptocurrency exchange that aims to help both novice and seasoned traders in the blockchain sector. Users of WunderTrading can sign up for a free trading account and start using their credit cards to buy cryptocurrency. The cutting-edge features offered by WunderTrading include an automatic trading bot that can execute a trade without the account user’s input.
In addition to Bitcoin, WunderTrading also provides Ethereum and other digital assets. While the membership begins with an unrestricted free account, unlike some other platforms and exchanges, the transaction fees are minimal and fiercely competitive.
HAL is another well-known automated trading system created to give novice traders the best trading approaches.
A group of specialists and professionals created HAL to ensure that consumers get the best strategies possible. HAL is designed differently than other platforms, which have convoluted user interfaces and are challenging to use. Thanks to the team’s meticulous attention to detail, the platform, and the entire process are simple from start to finish.
This cloud-based trading bot was established in 2017 and is run by a team in the UK. It is compatible with various cryptocurrency exchanges, including Binance, Huobi, Bitfinex, OKEx, and HitBTC. There are no fees associated with trading. Coinrule bot enables you to take advantage of more than 7,000 methods by allowing you to develop multiple trading rules-based. Although it does not offer technical analysis (TA), users can still discuss trading advice and tactics using TradingView. You can trade multiple coins with it.
For crypto exchange speculation, Bitsgap is the best option. You may connect to over 25 cryptocurrency exchanges using the Bitsgap trading bot to execute automated trades. It has a 14-day free trial and lets you sign up or connect with your Facebook or Google accounts. You can use a demo exchange to test the features before purchasing the advanced plans.
It enables cross-exchange arbitrage, and receiving the appropriate market signals in a timely manner enables you to make wise trading choices.
With GunBot, you can connect to significant cryptocurrency exchanges like Binance, Bittrex, Coinbase, Poloniex, Coinmama, EXMO, Huobi, KuCoin, Bitfinex, Cryptopia, Kraken, and CEX.io and purchase any major cryptocurrency that is listed on those exchanges, including Bitcoin, Ethereum, Litecoin, Ripple, Cardano, Dogecoin, and Ripple. Since the CryptoBot GunBot is sold as licensed software for a one-time fee, you are not subscribing to an expensive and difficult recurring payment schedule. The quality of GunBot’s automated trading software pleased us.
GunBot includes a number of add-ons and extra licenses for particular exchanges. On GunBot, 15 trade methods are now offered. Users who want to invest in cryptocurrencies have a choice of strategies to use, or they may mix it up and use one approach for purchasing signals and another for selling signals.
For both novice and experienced traders, Pionex is the best auto-trading platform. Due to its 16 free built-in trading bots, Pionex deserves a spot on this list. Pionex’s bots assist you in making money by trading in cryptocurrencies on your behalf for a nominal trading charge of 0.05%.
The Grid Trading Bot, which enables you to sell high and purchase low, is one of its most well-liked bots. On the other hand, the arbitrage bot uses the future market supported by the broker system Binance to reward you every eight hours. It has a reasonable maker and taker trading fee.
All the platforms described above are worth checking out if you want to trade but don’t have the time to learn about cryptocurrency. These trading bots are intended to offer the greatest and most successful trading experience because of their established trust and long-term productive techniques.