The crypto market is continually expanding, making it a rapidly evolving sector. To capitalize on lucrative opportunities, traders are on the lookout for automated tools aligned with current market movements. These advanced software are capable of autonomously examining graphs, assessing market patterns, and executing trades.
So, how can one determine the best-automated trading solution for their needs? Through a thorough investigation, we’ve identified the five leading crypto trading automation tools available. Developed by the experts at Cryptorobotics, these tools are tailored to trade crypto automatically. Dive in and discover these exceptional Bitcoin trading bots today.
Best Crypto Trading Bots 2024
Optimus is a Bitcoin trading bot designed to work in a sideways market. It opens positions mainly with positive fluctuations. Its advantages lie in the use of many oscillators and indicators. The primary tool is the value of the RSI oscillator and the intersection of the selected diapasons.
Optimus enters the trade if its primary trigger point is set when the RSI oscillates between 30 and 37, and the secondary comes into play within the 50 to 55 range. When the RSI value crosses the selected border from the bottom up, the robot receives a signal to enter the trade. The bot gets a signal to engage in a trade once the RSI value climbs across the predetermined limit, moving from a lower to a higher value.
Closing position via this BTC bot offers multiple strategies, contingent on the user’s chosen configurations. Traders should select the exit algorithm:
1 – The initial exit strategy is actioned once the RSI hits 50, contingent on the profit surpassing the predetermined threshold.
2 – The subsequent strategy kicks in when the RSI climbs to 60, with profits surpassing the designated benchmark.
3 – Finally, an exit command is given as the RSI peaks at 70 with profits overtaking the stipulated value.
For those opting for Stop Loss and Take Profit configurations, Optimus allows using of two more exit strategies. The fourth strategy is executed upon reaching the Take Profit mark, and the fifth comes into play once the Stop Loss threshold is encountered.
For optimal performance, traders should set their charts to timeframes such as 1H, 2H, and 4H.
It is worth noting Optimus operates on complete automation, but it is necessary to set your preferred parameters. After that, traders will be able to watch it trades. With the Optimus Bitcoin trading bot, crypto trading in the lateral market becomes more profitable and more assured.
Cyberbot is a Bitcoin trading bot developed to optimize profit and minimize potential losses. It utilizes moving average indicators (MA4, MA9, and MA20) coupled with the RSI oscillator to identify trading opportunities during bullish trends.
Cyberbot identifies entry points based on specific signal patterns:
- Initial Entry: Triggered when MA4 crosses both MA9 and MA20 from below, indicating a possible bullish trend inception.
- Secondary Entry: Activated when MA4 aligns with MA20 or when a significant increase in RSI momentum is observed. This suggests a potential strengthening of the bullish trend.
- Third Entry: Engaged when MA4 falls below MA9, when RSI reaches a neutral midpoint of 50, or when both MA4 and MA9 are above MA20, pointing towards bullish continuation or potential reversal scenarios.
Traders can also choose exit points for the BTC bot. They can choose to exit based on the algorithm in the settings. In this case, the bot will close the trade if MA4 crosses MA9 from top to bottom.
Also, users can set the Stop Loss and Take Profit parameters provided by a professional trader as part of the bot algorithm, or specify their parameters and deviate from his strategy. Exit point 2 is triggered when the take profit is reached, and exit point 3 is triggered when the stop loss is reached.
3. Crypto Future
Crypto Future is a Bitcoin trading bot operating on the futures market. This bot trades in both rising and falling markets.
Traders can choose this bot according to the level of risk: conservative, moderate, and risky, which allows users to set the desired stop loss level. The bot also supports a wide range of crypto trading pairs.
It is worth noting that Crypto Future opens and closes trades exclusively on Binance Futures.
4. AI Alpha
AI Alpha is an automated trading robot that uses artificial intelligence for the cryptocurrency market. A distinctive feature of this bot is its strategy of exclusively opening long positions, focusing on buying cryptocurrency in anticipation of its price growth. This trading method is tailored for profiting from both short-term and long-term price shifts.
AI Alpha’s strategies are anchored in market analysis and the study of its dynamics. The bot employs various indicators, including moving averages, the relative strength index, and others, to pinpoint the best times to buy cryptocurrency.
AI Alpha is an excellent solution for those aspiring to profit from cryptocurrency without in-depth trading knowledge. With AI Alpha, even newcomers can tap into the advantages of artificial intelligence to augment their cryptocurrency portfolio.
5. Trade holder
Trade Holder is a BTC trading bot ideal for those who practice a buy-and-hold approach in the crypto sphere. This bot carefully selects the 9 fastest-growing cryptocurrencies and keeps a close eye on each one.
The main goal of a BTC trading bot is to profit from each coin and seize opportunities to buy during favorable market changes. When a coin reaches a set profit threshold, it is integrated into the robot’s asset list where it remains under scrutiny.
Depending on market dynamics and specialist insights, the coin lists within the bot’s portfolio undergo periodic adjustments. This ensures that participants are always equipped with a selection of the most potential-filled coins in their arsenal.
Leveraging Trade Holder empowers investors to minimize time spent monitoring diverse coins and to amplify returns by optimizing every investment decision. By doing so, traders can navigate the volatile crypto market with enhanced efficiency, diminishing human-induced pitfalls.
How to use a Bitcoin trading bot on the Cryptorobotics platform?
To get started with Bitcoin bots on the Cryptorobotics platform, follow these steps:
- Set up an account and connect your exchange account to the platform via an API key.
- Click on the “Algotrading”
- Select the “Trading Robots” section.
- Choose a Bitcoin trading bot from the list on the platform.
- Specify the necessary parameters
- Launch the bot and monitor the execution of trades.