Since the appearance of the first cryptocurrency ever made, Bitcoin, a large number of other cryptocoins have appeared. One of the most noticeable coins that has emerged so far is Ethereum.
Like Bitcoin in its early beginnings, it is experiencing ups and downs in its price value. This is made obvious by the 2,320% increase at the beginning of the year followed by a significant fall of 22% in July. Such frantic behavior is expected of virtual coins that show signs of future success. More and more investors are keeping their savings in this currency anticipating the currency’s potential.
Trading bots have been of great use for those that want to spend time away from the currency market and financial new without having to constantly fret over the market’s volatility. All the trading decisions are left up to bots which follow a set of parameters and algorithms to deduce when is the best time to sell or buy.
Here are a few suggestions on what bots would be best for Ethereum trading:
HaasOnline uses software that incorporates user suggestions into its core trading algorithm. It is permanently changing, always adding indicators and exchanges. HaasOnline’s services can be accessed by subscribing, with different licenses made to fit the budgetary needs of the customers.Their customer support comes in the form of an extensive FAQ and a Wiki. If you need further assistance, you can ask other Haasbot users on their chat or forums.
- HaasOnline has a wide array of diverse trading bots
- Backtesting is available
- Has more than 50 indicators
- Flexible licenses
It offers 3 licenses based on the experience of the user and they all have different pricings. The beginner license, priced at 0.09 BTC per a 3-month period, allows you to run 2 trade bots, 2 arbitrage bots, 2 order bots and 2 script bots. It also comes with a number of safeties., indicators and insurances.
The simple license has a price of 0.016 BTC for a 30-month period and on it you can run 3 of the following bots: trade bots, arbitrage bots, order bots and script bots. Comes with additional safeties, indicators and insurances.
The advanced license comes with no limits on the number of bots you can use and includes all supported safeties, indicators and insurances.
Cryptotrader is one of the most popular trading platforms for cryptotraders. Cryptotrades is a cloud-based platform that gives its users the opportunity to automate and personalize their trading strategies through a flexible built-on scripting language derived from CoffeeScript.
- No need to install software or plugins
- None of your assets shall be held or accessed
- Developers can rent bots for strategy purposes
- API keys lack a withdraw permission
BTC Robot is the first trading platform that monitors 24/7 the exchange rates and analyses the charts for any recurring patterns. It has three preset modes that will identify when is the best moment to sell or buy.
- Lowest entry deposit on the market
- Elaborate trading system
- 3 available operating packages
- 60-day guarantee and a period trial
Trading Ethereum is officially easier, now that bots are here to watch over and make the transactions. But choosing the right trading bot is a task that should be approached with great caution, so make sure you have all the data you need before going into trading.