The Best Open Source (and Free) Crypto Trading Bots

The Best Free Open Source Crypto Trading Bots in May, 2019

What are Trading Bots?

An trading bot is a software program which utilizes data from money related trades and puts in purchase or sell requests for your benefit by translating the provided market information.

The bots make the trades by watching the price developments that happen available and reacting to a market of pre-modified standards.Ordinarily, an trading bot will inspect showcase activities, for example, volume, requests, cost, and time, however they are set to act as indicated by your very own inclinations.

Cryptocurrency can be a high-risk, high-compensate game for those ready to deal the unpredictability. How might we use AI to enable us to make predictions about Bitcoin’s future cost?

Trading bots are developing in fame as Bitcoin’s prevalence takes off through the rooftop. With such a significant number of people contingent upon the Bitcoin Trading bots, an ever increasing number of designers are thinking of deceitful programming to cheat guileless Bitcoin speculators of their well deserved cash.

With the picking factors above and the audits of the best and most trusted Bitcoin Trading bots beneath,you will be very much prepared to pick the best exchanging bot accessible.

 

Cryptohopper – Best Cloud-Based Crypto Trading Bots

 

 

 

Cryptohopper is an automated crypto trading platform that trades for you, so you can focus on the important things in life. Trading in cryptocurrencies has never been easier.

 

Pros

  • Most powerful cloud-based crypto trading bots on the market
  • Easy to Setup & Configure 
  • Many helpful Educational Tools
  • Very Good Exchange & Coin Support
  • Good Marketplace

 

Cons

  • Team Info Lacking
  • Free Signals Poor Quality
  • Experienced traders need to tweak the bot according to their data and techniques

 

 

GunBot – Best Automated Crypto Trading Bot

 

 

Gunbot is a automated Crypto Trading Bot.

It uses a lot of individual strategies that are completely customisable to fit your trading style.

 

Pros

  • Gunbot is the best automated crypto trading bot for crypto trading.
  • Supports largest crypto excahnges
  • Multiple licenses available
  • Easy to use
  • One time payment is a plus.

 

Cons

  • Expensive
  • Closed code
  • Few Bugs here and there
  • It is configured to deal with the volatility in the market. In case of the volatility spikes, you should turn it off immediately.

 

CryptoTrader – Automated Bitcoin Bot Trading

 

 

Cryptotrader is yet another automated trading platform for crypto currencies, which takes this game a tad further, allowing users to have their bots hosted on the cloud, to create their own trading bots and to rent/buy bots created by others. 

 

 

Pros:

  • No Pattern Day Trader Rule
  • Level Playing Field
  • Timing
  • The strategies marketplace that allows users to buy and sell successful trading strategies

 

Cons:

  • Lack of Experts.
  • Unregulated Markets
  • Learning Curve
  • The basic plans are extremely… basic. You will need to buy at least the Pro plan to enjoy this trading bot’s features.

 

 

Zenbot – High Frequency Trading Bot

 

 

Pros:

  • Frequent Updates
  • Support For Many Exchanges
  • Active Community
  • Paper/Live Trading Modes
  • SMS, Discord, & Many Other Notification Services
  • Detailed Backtesting Results
  • Capable of high-frequency trading, and supports the trading of multiple assets at the same time.

 

Cons:

  • No User Interface (Completely Command-Line Based)
  • Backtesting can be Slow
  • No user interface. Requires some technical expertise to set it up and configure it.

 

 

BTCROBOT – 100% Automated Bot

 

 

Pros:

  • Easy to setup, lots of tutorials, support available.
  • 100% Automated. Easy to install. 

 

Cons:

  • Doesn’t seem to act as described at all. Didn’t manage to get it to work on the Silver Plan.
  • Needs a VPS to run on MacOS. You have to sign up with MT4 brokers as instructed by the firm. Trades only BTC.

 

 

 

3Commas – Smart Trading

 

 

3Commas is a cryptocurrency trading bot that helps improve the trade quality by giving the trader the right control and features they need to maximize their cryptocurrency trading profits.

 

Pros:

  • Pricing is very clear I.e VAT is added to the price
  • Easy to Use
  • Proven results and trusted by more than 22000 traders that use this trading bot

 

Cons:

  • The commission on the profits of the trading bot
  • very counter intuitive for most people.

 

Gekko – Best Free Trading Bot

 

 

Pros:

  • Active Community
  • Easy Installation
  • Simple User Interface
  • Paper/Live Trading Modes
  • Trade Notification Support Via Plugins
  • It’s FREE

 

Cons:

  • Minimal Details for Backtesting Results
  •  It is not a high-frequency trading bot. Also, it’s not able to exploit arbitrage opportunities.

 

Profit Trailer

 

Profit Trailer Bitcoin Trading Bot. Profit Trailer is the best Crypto Trading Bot and Bitcoin Trading Bot that gives you the ability to trade automatically 24 hours a day!

Profit Trailer Exchanges Supported: Binance, Poloniex, Bittrex

 

Pros:

  • Monitoring of balances, profit and bot settings
  • The DCA (Dollar Cost Averaging) feature. This is a special feature of the bot, where you can get rid of your bags.
  • Multiple Buy & Sell Trading Strategies.
  • Works on Windows, MacOS and Linux. The GUI can be used on all devices connected to internet.

 

Cons:

  • Limited to trades on Binance, Poloniex and Bittrex 
  • The lacking background information

 

Haasbot- HeavyTrading Tool

 

 

Haasbot is a sophisticated bitcoin trading bot suite designed primarily for bitcoin trading professionals, but amateur traders and hobbyists could find it useful too.

 

Pros:

  • The new web interface is user-friendly and looks damn good.
  • A heavy-hitting trading tool that really works for people that know what they are doing.
  • Good support.

 

Cons:

  • Haasbot 2.0 licences are not cheap.
  • Pricy, extremely complicated for new people.

 

Margin – Formerly known as leonArdo

 

 

Pros:

  • cheapest variants in the market, as you can purchase plans for a lifetime at a quite low price.
  • Easy to use, multiple strategies, transparent team

 

Cons:

  • Missing few platforms

 

 

FINAL WORDS

Bitcoin trading isn’t suitable for everybody and these trading bots can be mistaking particularly for learner traders. There are many trading bot suppliers accessible in the market. Due perseverance is critical when acquiring from any of them.

Clients ought to guarantee the bot engineers they pick are dependable and solid. Inability to do thiswill just wipe out your capital in danger, and you could wipe your account in a matter of moments.

Be that as it may, if these bots are utilized legitimately, potential benefits from trading is endless.