Two of the key powers delivered by artificial intelligence (AI) are automation and insights, both of which play a key role in AI cryptocurrency trading. Trading bots are now being used by crypto investors to automate the buying and selling of positions based on key technical indicators, just as they are doing with regular AI stock trading.
There are some key challenges to trading crypto. For one, the markets are open 24/7, making it necessary for traders to constantly monitor the charts if they don’t want to miss out on a trade. This is one of the key reasons AI crypto trading bots have become popular over the years.
AI trading bots achieve a higher level of performance, and they don’t require the user to spend loads of time studying different strategies and parameters. And they are a great option for those looking to get into crypto trading since they enable non-professional traders to leverage profitable strategies.
Because of their popularity, there has been a rise of AI crypto trading bots on the market.
Here is a look at some of the best AI crypto trading bots:
3Commas is a crypto investment platform that offers manual and automated trading strategies. The advanced trading tools enables users to manage their assets across 16 major crypto exchanges from one interface. Best of all, 3Commas helps traders profit by offering trading strategies that are suited for bear, bull and sideways markets.
Automated Trading Bots:
- Bot presets allow beginners to utilize the same positions as seasoned traders
- Smart trading terminals allow traders to set trades in advance
- DCA, Grid, and Futures bots execute trading strategies at scale, operating under almost any contingency
- Use DCA Short bots to borrow and sell tokens at the current price and buy them back at a lower price
- Use DCA Long bots to buy the natural dips and sell the spikes as the price rises over time, achieving a better average entry price for your positions
- Use Grid bots to pick up cheaper tokens when they hit support levels and sell them when they’re close to resistance levels
- SmartTrade and Terminal enable you to set your trades in advanced based on triggers you specify.
- Integrate signals into your bot and automatically copy the trades of professional traders.
Pionex is a trading platform that enablers users to use multiple types of bots. Some of these bots include:
Grid Trading Bot – This enables you to trade crypto within a specified range using the integrated auto-trading bots, which help you buy low sell high automatically 24/7. All you need to do is specify your trading range.
DCA (Dollar Cost Averaging) Bot – This is also known as the Martingale Bot, it is developed and designed with the traditional martingale strategy core idea, which is a strategy of laddering-buy, selling all at once. And it will use more funds to buy for each dip to significantly reduce the average holding cost.
Rebalancing Bot – If you are optimistic about multiple coins at the same time, and are willing to hold coins for a long time to gain value appreciation, you can choose to use the rebalancing bot.
Other features include:
- Pionex provides 16 free trading bots and allows up to 100x leverage.
- The trading fee is low compared to most of the major exchanges. The trading fee is 0.05% for the maker and taker.
- Connect any TradingView strategy with Pionex Signal Bot.
- Integrate ChatGPT into PionexGPT and help retail investors program their strategies without any coding experience.
The best part about Pionex is you do not need to use APIs to connect to 3rd party exchanges, all trading is done within the platform. There are also many other types of bots that you can choose from.
Launched in 2018 with over 20,000 users, Octobot offers automated trading strategies for crypto investors. The platform allows users to develop & train their own AI with the Octobot script.
Some of the existing bots you can use:
Smart DCA – Octobot also offers a range of trading bots including a Smart DCA (Dollar Cost Averaging) bot, a well known investment strategy where you buy on a regular basis in order to profit from daily price drops. It allows investors to reduce their overall buying costs.
Custom Bots – Of course power users will want to create their own customized bots and the Octobot script enables this functionality.
ChatGPT Bot – The platform also offers the opportunity to leverage the intelligence of ChatGPT to trade.
- Automatically trade based only on ChatGPT’s predictions
- Trade combining ChatGPT’s predictions with other evaluators
- Get ChatGPT’s view on the market at anytime from the web interface and market status and get notified on any change
Trade on 17+ crypto exchanges (including Binance, Kucoin, etc) from one terminal. Furthermore, you get access to advanced features unavailable on the exchanges.
Select from a range of bots:
- GRID Bot with Trailing Up & Down
- Signal Bot Spot & Futures
- Trading View Webhooks
Setup up to Take Profit targets with trailing for the last target to get the most profit out of your positions.
Advanced Stop Loss Settings are also on offer.
- Choose between Market and Limit Order, and set Stop Loss Cooldown. Add protection to move the Stop Loss up with the price.
- Automatically set your position size based on desired risk percentage and see your position’s Risk/Reward ratio right in the form.
Altrady’s Risk-based size calculation can automatically set your position size based on desired risk percentage.
The best part is the automation tools can help boost your profitability by streamlining your trading process and eliminating human error. With features such as smart trading, and advanced trading bots, you can make more trades in less time and with greater accuracy.
ArbitrageScanner.io enables traders to capitalize on price disparities across exchanges without the necessity to pre-hold tokens. Receive 24/7 notifications of price difference across crypto-exchanges
Arbitrage trading, as this strategy is known, revolves around a straightforward concept: purchasing a coin on one exchange where its price is lower and promptly transferring it to another exchange where it fetches a higher rate. Upon its arrival at the second exchange, traders can sell the coin, securing a profit derived from the price discrepancy. This approach takes advantage of market inefficiencies, providing opportunities for traders to make gains without significant risk.
ArbitrageScanner ensures the safety of users’ funds. It doesn’t interact with their money, nor does it connect to exchange balances through API. Additionally, users aren’t required to link their wallets. The tool functions manually and operates securely in the cloud. The advantage of this is that users do not need to worry about their account being hacked, or the platform hijacking their funds.
Here are some of the top benefits of ArbitrageScanner:
- Supports over 75 DEX and CEX (international, local in each country)
- Manual bot with no API request, so all your capital is safe
- Free training and dozens of working cases included when you purchase the bot
- Access to a closed community where members share market insights
- Personal mentor when you pay for the Expert plan, who will customize the bot on a turnkey basis and answer all your questions.
Kryll is an automation software and AI-powered crypto trading bot designed to help day traders streamline the management of their crypto trading. One of the best aspects of this platform is the crypto builder, which helps beginners create scripts without the need for previous coding knowledge. With a drag-and-drop system, users can link pre-existing features into specialized bots.
Kryll also offers the Marketplace, where experienced traders and other individuals share their strategies for a fee. This feature is useful for beginners or anyone lacking experience in crypto trading.
The platform offers other top features like its Trading Terminal, which allows you to set stop-losses and multiple take profits, and its Strategy Editor, where you can create an automated trading algorithm with a drag-and-drop interface.
Here are some of the top benefits of Kryll:
- Streamline Crypto Trading
- Crypto Builder
- Marketplace
- Trading Terminal
Next up as one of the best AI crypto trading bots is Cryptohopper, which is an AI-powered crypto trading bot that helps you save time by automating your trading. The multi-purpose platform combines its hub functions, copying service, social trading, and an investment portfolio management service to offer a wide range of services.
The terminal trades in top cryptocurrencies like Bitcoin, Ethereum, and Litecoin. In total, it is compatible with up to 75 cryptocurrencies and nine major exchanges, such as Binance, Coinbase Pro, Kraken, Bitfinex, Cryptopia, Huobi, and Poloneix. One of the greatest features of CryptoHopper is that it enables free-of-charge trading bots, which allows you to create and test your own bots.
The platform’s semi-automated trading bot allows traders to get rid of human tendencies and emotions, which improves the trading process. Instead, it relies on technical-based trading algorithms and programmed trading approaches.
CryptoHopper provides a wide range of trading tools that have features like bot backtesting, saveable templates, trailing stops, and customizable indicators. The platform is a web-based solution that features an intuitive and easy-to-use interface. You can configure the trading bot to automatically trade 24/7, as well as use algorithmic and social trading.
The platform also offers great customer support, with a support team that can help with any issues that might arise. Good customer support is one of the most important aspects of any crypto trading bot.
Here are some of the top benefits of CryptoHopper:
- Wide Range of Tools
- Intuitive Interface
- Large Exchange/Crypto Compatibility
- Customer Support
Another great option for an AI crypto trading bot is Bitsgap, which offers crypto trading bots, algorithmic orders, portfolio management, and free demo mode in one place. One of the top selling points of Bitsgap is that it makes it possible to connect all of your exchanges in one place. This has many great benefits, such as allowing you to execute strategies easily and deploy advanced bots simultaneously across platforms.
By bringing everything together in one place, you can compare rates from various digital currency markets, trade and switch between exchanges, track your investments, and test strategies through a demo account.
Bitsgap is integrated with 30 different exchanges, including top ones like Binance, Kraken, and Bitfinex. On top of that, it offers access to over 10,000 cryptocurrency trading pairs and various technical indicators to help establish your strategies. The intuitive interface makes automated trading possible for beginners and professionals alike.
One of the unique features of the Bitsgap trading bot is that it ensures your investments are distributed proportionately within your chosen range, which lets you make small, frequent profits on every market move. Orders are executed and new orders are placed when the price hits the desired range.
Here are some of the top benefits of Bitsgap:
- Bitsgap Demo Account
- Integration With 30 Different Exchanges
- 10,000+ Cryptocurrency Trading Pairs
- Proportionate Distribution of Investments
Yet another great platform for AI crypto trading is TradeSanta, which is a cryptocurrency trading software and bot that helps users navigate the crypto market and leverage the fluctuations in value.
Like other top platforms, TradeSanta enables you to trade 24/7, and the setup is quick and easy. All you have to do is create an account, choose your trading pairs, and set up the trading bot in a matter of minutes.
TradeSanta is especially useful for beginners and casual traders. It does not require any complicated actions to succeed with the bot’s mechanics. The bots rely on both long and short strategies, and they are guided by complex algorithms.
One of the other upsides of TradeSanta is that it does not have heavy limits on the volume of trading, which means you can buy and sell large quantities of crypto without major spikes or price drops.
Here are some of the top benefits of TradeSanta:
- Trade 24/7
- Quick and Easy Setup
- Useful for Beginners/Casual Traders
- No Heavy Limits on Volume
A multi-platform crypto bot powered by AI, CryptoHero was created by experienced fund managers who have been involved with trading crypto and other markets for decades. The platform offers access to hundreds of cryptocurrencies, which keep expanding as it partners with more companies, and it is integrated with top crypto exchanges like Binance and Kraken.
You begin by setting your parameters for trading, and once complete, the AI optimized bots run simulations and provide information about the best opportunities on the market. It allows you to set entry and exit conditions, as well as different types of indicators to check trends and keep up to date.
One of the other top features offered by the platform is backtesting, where you can test a trading strategy you’re not 100% sure about. It will use your strategy in different market conditions to improve your decisions.
Here are some of the top benefits of CryptoHero:
- Created by Experienced Fund Managers
- Hundreds of Cryptocurrencies
- Entry and Exit Conditions
- Backtesting
This article was originally published by a www.unite.ai . Read the Original article here. .