In today’s trading market, crypto currencies have completely revolutionized the system. While trading bots have always been used as a shortcut for newcomers, nowadays bots are getting more attention than ever.
A trading bot acts as an automated trader; the bot is given predetermined instructions to enter or exit an order, based on pattern analysis. A bot is a great way to enter the market if you are just dabbling in trading because they require minimal effort and will consistently sustain your investments and often grow them.
So what are some of the best new bots out there in 2018? On a scale of 1-5, I ranked the most popular crypto bots. Check them out out below.
#1 Profit Trailer
Profit Trailer offers secure settings with an exceptional graphical user interface (GUI) that is sleek, customizable and easy to work with. It ranks number one on the list because it is a triple threat with a great price and a low risk factor. The PT community is huge and there is a great customer interface in case you are running into issues running your bot. The great thing about Profit Trailer is its simple base. It pulls numbers very quickly from the market site and executes whatever strategy you want it to. The settings available for Profit Trailer are superb and are giving at like 2-5% profit. Price: 0.03-0.090 BTC
#2 Cryptohopper
With a great free trial feature that allows users to try before they buy Cryptohopper is a great option for someone who is just starting on in the trading game. The bot comes on it’s own server, meaning you do not need to host it yourself (another huge bonus for newbies.) You can use setting and analyze external signals yourself. This bot will run you anywhere from $19 to $99 per month based on how seriously you want to up your trading method.
**#3 Crypto Trader **
Crypto Trader is a tried and true bot that has made its name in the BTC trading sphere. Lately, it is branching out into other cryptocurrencies. Features a Coffeescript language that allows the user to have a streamlined experience. Cloud-based, so you do not have to download it (bonus for ease of use.)
#4 GunBot
While offering a diverse group of settings that work on most major exchanges. Aside from Profit Trailer, Gunbot is the only application that will let you host the bot yourself. While it may seem confusing to beginners, if you are a more seasoned tech individual, you will probably prefer the flexibility that hosting your own bot allows. You can find add-ons that will improve your bot settings and being your own host means you have added security. When paying someone else to host your bot for you, you’re essentially giving someone else access to your funds. This is a big consideration for someone who is putting a lot of funds into crypto.
#5 Tiger Bot
The official launch for Tiger Bot was in October 2017 and it has come a long way since it’s initial start. You can choose from several packages: Pro, Premium and Ultimate. There is not a lot of info on this bot online, so it will definitely be up to you to do your research on their Discord channel and take a lot at some of the comments from users. For me, this seems like the riskiest option because the customer support system is rather limited compared to other bots. With a huge price take of $475 per month for the Ultimate package, it definitely seems like there will need to be some more support and feedback to justify that huge price tag.
If you think a trading bot is for you, consider buying some settings to further increase your returns. It’s important to remember that patience is key -- you will likely not see a huge profit overnight. A bot will take the emotion out of trading, thus it will make rational decisions for you that will benefit your investment strategy in the long run.
If you liked our first choice, Profit Trailer has some excellent settings available for purchase at BotStrategy.io — check them out here.
Full Disclosure: I am not a financial authority on crypto trading. I am just a freelance journalist who takes pride in honest, unbiased writing and understands the importance of research. If you enjoyed this blog, keep an eye out for new posts coming daily. The next post will focus on the best setting options for your crypto trading bot.
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Believe you can and you're halfway there.
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nice I want to creat a trading bot my self but thare is no time :(.
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