AppCoins Paymon EventChain Crypterium Stratis Get Crypto Newsletter. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness.

No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose.

Any use or reliance on our content is solely at your own risk and discretion. Gekko 7. Zenbot 8. AutoView 9.

CryptoTrader BTC Robot Shrimpy Zignaly ProfitTrailer Exchange Valet Autonio Outsiders 1. Tradewave 2. Increased speed. Running period.

Not suitable for inexperienced traders. Requires monitoring. Present security concerns. Automated Crypto Trading Bots Worth Your Attention Many traders are facing the difficult task of choosing software for analyzing the cryptocurrency market data.

What's New? Main Features. All plans include. Not very useful to inexperienced traders. Gunbot Gunbot also known as Gunthy boasts of over active traders.

The prices have not changed since our last review. Relatively expensive There has been of occasional bug reports. CryptoHopper Cryptohopper is a cloud-based crypto trading bot that works with a wide range of exchanges and coins.

Insufficient team info. TradeSanta TradeSanta is a new cloud-based tool but with an already established reputation.

And we have moved the bot to the 4th place. Only suitable for trusted strategies Few firsthand users Sluggish customer support. Gekko Gekko is an open source cryptocurrency trading bot that you can download on GitHub platform.

Features Web interface: The bot comes equipped with a web interface that allows you to monitor data and trading strategies. Back-test feature: Gekko allows you to back-test data and see projections of your trade results.

Notification feature: It also keeps you updated through social media platforms, email, and telegram. Zenbot Zenbot is yet another open source bitcoin trading bot.

AutoView Autoview is a low-cost crypto trading bot that comes in the form of a Google Chrome extension. CryptoTrader CryptoTrader is an automated cloud-based crypto trading bot.

Test against market conditions: CryptoTrader allows you to test your strategies against backtested data and prevailing market conditions.

It keeps you on top of the market by updating you on market events and trends through text and email notifications.

Scant information on the team behind it. Features Easy to install: The bot is known to be easy to install and use. Some users, however, claim that some of its technical aspects are hard to grasp.

Also, the company points out that the predictions made by its algorithms are not always perfect. Shrimpy Shrimpy emerged on the market, in , and has quickly gained popularity in the trading community.

Features The primary feature of this tool is a built-in auto trade algorithm that can place orders on your behalf. Aside from automating the trading process, Shrimpy can offer a decent range of additional features: Rebalancing — Instead of merely buying and holding crypto, this feature realigns your portfolio of assets for the maximum gain.

Backtesting — Analyze your potential strategy and compare it with historical results. Relatively undertested bot No mobile app Not as high-yielding as other bots.

Zignaly Zignaly is another cloud-based platform requiring no installation or server updates. Features Here are the main features that make this an attractive tool for traders: Crypto signals — The platform features third-party signalers, including Mining Hamster Signals, Crypto Base Scanner, and others of this type.

These providers are actually industry professionals that analyze market fluctuations and predict favorable conditions for profits.

Trailing stop-loss — This feature is not something most exchanges offer, but it is one of the most popular strategies. It helps you profit from the market upside without the risks of losses from the crypto market upside.

TradeView bot — Zignaly connects to your TradingView account. TradeView bot allows you to utilize custom trading signals in combination with automatic indicators.

No limit on trades — There are no limitations on cryptocurrencies you can trade. It gives traders a lot of freedom to choose.

New to the market Still in beta phase Vulnerable to glitches. ProfitTrailer Over the last two years of existence, ProfitTrailer has managed to acquire quite a good reputation.

Mobile-friendliness — The platform can be accessed on Android and iOS without losses in graphics or speed. Virtual private server — Normally, VPS comes with an extra cost.

ProfitTrailer, on the other hand, includes VPS in three out of five pricing plans to provide a fully managed hosting environment.

Live chat — The brand offers multiple channels of communication, including live messages, support tickets as well as educational materials like a detailed FAQ section and video guides.

ProfitTrailer Pricing ProfitTrailer lets you choose between five packages varying in API key slots, trading settings, configuration saves, buy-sell strategies, and some other features.

Hard to configure No documented proof of performance Has to be regularly rebooted. Features Kryll. It ensures control of the strategies, even advanced ones.

Drag-and-drop editor — With this feature, you can create custom strategies by picking functional blocks. The right combination of these blocks can make a powerful one-of-a-kind strategy.

All the results and statistics about these strategies are made public. If other users utilize your strategy, the earnings are also in KRL.

Still in a nascent stage Strategies may be expensive to use. Only two exchanges supported Lack of transparent ownership Need to download an app.

Features For example, Margin. No variable fee structures Large initial investment Overly complex custom strategies. Autonio Autonio is a decentralized, artificial intelligence trading tool.

Features Here are the most notable characteristics about the Autonio trading bot: 30 key trading indicators — including Relative Strength Index, Bollinger Bands, Ultimate Oscillator, and EMA crossovers Users maintaining control over the process — Even though the trade is automated, users decide how frequently the robot places trades, whether a strategy needs to be optimized, how to integrate various indicators, etc.

Backtesting — You can trail strategies with five indicators and see how it would perform on real historical figures Social investing and trading — You have the option to track experienced traders and manage with their actions to achieve similar portfolio and profits Uncommon features — trading consultancy, algorithm marketplace, order flow trading.

Few exchanges One pricing plan with no cheaper alternative Little information about the team. Tradewave The Tradewave bot has been discontinued Tradewave was not a traditional trading bot.

However, in strong trends, which are very common in cryptocurrencies, the RSI may remain overbought or oversold for long periods of time.

The period in which this indicator is used is 14; being 14 weeks on a weekly chart and 14 hours on an hourly chart. The Moving Average Convergence Divergence MACD Indicator is a top of the line trading indicator used in the technical analysis of various financial instruments including cryptocurrencies.

The MACD indicator utilizes both trend following and momentum indicators by showing the relationship between two different price averages.

It does this by calculating the longer moving average and subtracting it by the calculated shorter moving average. These moving averages oscillate above and below the zero line resulting in the converging, crossing, and diverging of moving averages.

The cryptocurrency known as Ripple on the other hand has gained the attention of many cryptocurrency investors and traders, causing it to rise in the charts of total market cap, it amongst the top 10 cryptocurrencies by market cap.

Ripple was founded in and is owned and operated by the San-Francisco based company, OpenCoin. Ripple was developed to improve upon global financial transactions by making them faster, more secure, and simplified.

The Ripple company has a very strong marketing team and has developed important relationships with institutional financial institutions such as Santander, Bank of America, and UBS.

The Ripple cryptocurrency differs from other cryptocurrencies like Bitcoin, Litecoin , and Ethereum in the sense that it is not used as a currency, but rather as a technology used to facilitate global financial transactions of fiat currency.

For this reason, more than any other, is the biggest differentiating factor compared to many other cryptocurrencies.