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At some point, every crypto trader must figure out if they are ready to incorporate crypto trading bots into their strategy. Trading bots are automated protocols that execute trades based on preset market indicators. Bots simplify trading and are an excellent way to ensure you take advantage of trading opportunities.
Recently, there has been an influx of traders onto the popular exchange Coinbase Pro. Coinbase Pro is the advanced version of the largest exchange in North America, Coinbase. It provides users with more features, coins, and trading limits. In addition, the platform also supports API technology. This protocol enables trading bots to function securely on the network. Here are the top 6 Coinbase Pro cryptocurrency trading bots in use today.
Haasbot is another popular Coinbase Pro trading protocol. Notably, this bot is part of the HaasOnline software suite. These protocols include bots, indicators, and other advanced features to help you secure a higher ROI. In addition, this comprehensive platform allows you to choose between 10 different preset bots.
There are also advanced programming options. Technical savvy users can even program their bot from the ground up utilizing C#. You can use over 50 technical indicators to tweak your bot to your specifications. You can include 13 types of insurance and 21 safety measures to protect your profits further. The bot will only execute trades once all of your criteria are met.
Unlike many others on this list, the Haasbot requires users to install software on their PC or laptops. You will need a Windows or Linux OS to use this bot. Once you download and install the program, your bot can communicate with the HaasOnline Trade Server (HTS). Notably, all of this customization does come with a higher price tag compared to other trading bots.
Cryptohopper is another established cloud-based trading bot that works great on Coinbase Pro. This bot features an easy-to-navigate interface that allows new users to configure and monitor their trading bots. For example, a helpful config-wizard or pre-created templates are available for free.
Cryptohopper allows you to trigger bots using an excellent selection of technical indicators, including RSI, Bollinger Bands, MACD, and many more. The bot also provides advanced orders, such as trailing stop-loss options. A trailing stop loss is a self-adjusting stop-loss that considers bull runs and locks in your profits. There are also DCA and short features.
Impressively, Cryptohopper supports embedding external signalers. This option allows new traders to subscribe to third-party analytics providers. These analysts provide information based on advanced techniques and systems. Specifically, machine learning, intelligent algorithms, and teams of mathematicians provide data to the network. All of this information can trigger buys and sells.
3Commas is another popular cloud-based option suitable for new and experienced investors. This web-based service is available on desktop and mobile. It features a plethora of advanced features, such as trailing stop losses. The platform also supports cryptocurrency social trading.
Users can create, analyze and backtest a crypto portfolio in minutes. In addition, a take-profit target feature allows your bot to close your positions when your profit target is met. When you combine this feature with the ability to sift through professional traders’ portfolios at will, you end up with a powerful network that can help you learn.
Crypto Trader Bot
The Crypto Trader Bot offers a cloud-based alternative to some of the larger options in the market. The network’s automated trading solutions have proven to be reliable and secure. This network offers trading bots that feature live trading and advanced programmability. Unlike the competition, you can set up email and text notifications to stay informed.
The Crypto Trading bot ecosystem consists of a marketplace. Here, new and expert traders can buy and sell trading bot layouts. In addition, you can purchase trading strategies and sell your own. Notably, a nice selection of free trading strategies is available in the marketplace. The network also supports bot backtesting. This feature allows you to review how certain strategies work under different market conditions.
The Quadency trading environment is designed to meet the needs of both retail and institutional investors. The network incorporates programmable trading bots that work directly with Coinbase Pro’s API interface. In addition, the network allows you to set your bot triggers based on advanced charting and portfolio analytics.
In terms of automated trading and portfolio management, Quadency bots are easy to operate. There are various pre-configured options that you can make simple adjustments to. You can also make a fully customized trading bot if you have certain requirements you don’t see in the preset bots.
Top 6 Coinbase Pro Cryptocurrency Trading Bots
Choosing the right Coinbase Pro Trading bot is more than just functionality. All of these bots on this list are both secure and reliable. However, factors such as flexibility, trading frequency, and overall cost may determine the determining factors. No matter what bot you decide on, if it’s on this list, you can rest assured that your trades will execute when it’s time.