Cryptocurrency trading has become increasingly popular in recent years as more investors seek to profit from the volatile and rapidly changing market. However, the complexity of the cryptocurrency market, combined with a high level of risk and uncertainty, can make trading difficult and lead to loss of funds. Therefore, many traders try to automate trading using tools such as crypto trading bots, crypto signals, copy trading, etc. This approach allows them to make the trading process efficient and profitable.
Such tools are available on any cryptocurrency trading platform. However, how to choose the most reliable, with the most diverse, best, and most advanced tools? We did some market research and decided to do a detailed review of the Cryptorobotics platform.
In this Cryptorobotics review article, we will explain what this platform is, how it works, its functionality, and what benefits it offers.
What is Cryptorobotics?
Cryptorobotics is the best service that uses artificial intelligence software and algorithms to automate the cryptocurrency trading process. The platform team has developed many tools for both manual and algorithmic trading, including trading bots, crypto signals, copy trading, trading terminal, risk management tools, etc. All of these tools can help traders perform a variety of tasks, including market analysis, buying or selling cryptocurrency decisions, risk, and portfolio management, and executing trading strategies. Let’s take a closer look at these tools.
Cryptorobotics trading tools
Crypto trading bots
Crypto trading bots are computer programs that use algorithms to automatically buy, sell, or hold cryptocurrencies on behalf of a trader. These bots are designed to monitor market trends, analyze data, and execute trades based on preset rules and strategies. Crypto trading bots can trade around the clock, allowing traders to get profit in the market even when they are not actively monitoring it.
There are many types of crypto trading bots available, on the platform, each with its own set of features and capabilities. Some bots are designed for beginners and offer simple strategies, while others are more complex and geared toward experienced traders. Some bots can be used with the profit-sharing system, while others require a subscription.
Crypto Signals are alerts or notifications that provide Cryptorobotics users with information about potential market opportunities on the largest crypto exchanges. These signals are generated by experienced traders who use technical analysis and other indicators to identify potential buy or sell opportunities in the market.
Crypto signals may include information such as the price of a particular cryptocurrency when to buy or sell a particular asset, and what market conditions are present.
Copy trading is a type of trading strategy in which traders copy the trades of more experienced traders. On the platform, this happens automatically when a user account is connected to an experienced trader account via API keys on the platform.
With copy trading, less experienced traders can take advantage of the expertise of professional traders by following their trades and strategies. This can be a useful tool for beginners who are still learning the ropes of trading, as well as for busy traders who don’t have the time or resources to conduct their own market analysis.
Autofollowing in Cryptorobotics is a trading automation that allows you to set up the service once and then get statistics and profit from trades. This service is a combination of “signals + robot”. Signals are created by an experienced analyst, and the robot processes these signals and makes trades automatically.
To start using the service in Cryptorobotics, you need to go to the Algotrading section on the platform and select the Autofollowing option in the left menu. After that, you can set up your account for automated trading and start profiting from trades without having to do your own market analysis and trade decisions.
Cryptorobotics Trading Terminal is a tool that allows traders to access the cryptocurrency markets and execute trades manually. The trading terminal provides a user-friendly interface for traders to analyze the markets, track price movements, and execute trades on various crypto exchanges.
One of the key features of Cryptorobotics Trading Terminal is the ability to connect to multiple exchanges and trade from a single platform. This saves traders time and effort, as they no longer need to log in to each exchange separately to execute trades.
In addition, the Cryptorobotics Trading Terminal offers a variety of tools and features to help traders make informed trading decisions. These include advanced charting tools, real-time market data, and customizable trading indicators. Traders can also set up alerts to be notified of important market events, such as price movements or news announcements.
Security is also a top priority for Cryptorobotics Trading Terminal, with features such as two-factor authentication, SSL encryption, and a secure API key management system.
Types of orders
The Cryptorobotics platform provides traders with various types of orders to help them execute trades effectively and efficiently. Here are the main types of orders available on the platform:
A limit order is a tool that is used to purchase or sell an asset at the indicated price or better. This order will only execute if the market reaches the quoted price. Limit orders can be used to open or close a position at a specific price point.
A stop-limit order is a combination of a stop order and a limit order. This order will only execute if the market gets the necessary price level (the stop price) and then the limit order will be placed at a quoted price or a better one. This type of order is useful for limiting potential losses in a trade.
A market order is an order to buy or sell an asset at the current market price. This order will execute immediately, and the trader will pay the current market price. Market orders are useful for traders who want to enter or exit a position quickly.
Smart ladder order
Smart ladder orders are a type of limit order that allows traders to place multiple orders at different price levels simultaneously. This is useful for traders who want to take advantage of price movements and execute trades at different levels. This type of order operates only in the flat market and is designed to implement a grid trading strategy.
Smart orders are risk management tools that include stop-loss, take-profit, and trailing stop orders.
- Stop-loss orders help limit losses by automatically closing a position at a specified price level.
- Take-profit orders help lock in profits by automatically closing a position at an indicated price level.
- Trailing stop orders are used to take profits and limit losses by automatically adjusting the stop loss when the price moves in the trader’s favor.
The Cryptorobotics platform offers paper trading, also known as demo trading, to its users. With a demo account, traders can practice trading using virtual funds in a simulated trading environment that shows real market conditions.
To start paper trading on the Cryptorobotics platform, users need to select a demo terminal, which can be done easily without signing up on the platform. Once the demo account is opened, traders can access various trading tools and features to simulate real trading conditions, such as charts, indicators, and various types of orders.
Paper trading on the Cryptorobotics platform allows traders to test their strategies, experiment with different trading tools and indicators, and gain experience without risking real money. The demo account also provides real-time market data, which helps traders stay up-to-date with market conditions and make informed trading decisions.
The Cryptorobotics platform offers alerts to help traders stay up-to-date with market conditions and make informed trading decisions. Alerts are notifications that provide information on specific events or changes that occur in the market. They help traders stay informed and make timely decisions based on real-time data. On the Cryptorobotics platform, alerts can be customized to suit the trader’s preferences and trading style.
On which devices is the Cryptorobotics platform available?
The Cryptorobotics platform is available on desktop, tablet, and mobile devices, as well as a mobile app for iOS and Android devices.
The desktop version of the platform is accessible through a web browser, such as Google Chrome or Mozilla Firefox. This version offers a full range of features, including trading, charting, and risk management tools.
The tablet version of the platform provides a streamlined experience optimized for touchscreens. It offers a similar range of features as the desktop version, with an interface designed for ease of use on tablets.
The mobile version of the platform is accessible through a mobile browser and offers a simplified trading experience optimized for mobile devices. It provides essential features such as market data, trading, and order management, and can be accessed from anywhere with an internet connection.
In addition to the web-based platform, Cryptorobotics offers a mobile app for Android devices and a mobile version for iOS devices. The mobile app offers a similar range of features to the web-based platform, including trading, charting, and order management, and provides a convenient and portable trading experience for users on the go.
The Cryptorobotics Marketplace is a platform that allows users to create and sell their own trading bots without requiring any knowledge of programming languages. This provides an opportunity for traders to monetize their trading strategies and expertise, while also offering a wider range of trading options to the community.
To create a bot from scratch, users can choose parameters from a selection of pre-built templates. Once the bot is created, it can be tested using historical data to ensure its effectiveness.
Once a user has created a bot, they can list it for sale on the Cryptorobotics Marketplace. Other users can then purchase the bot and begin using it for their own trading strategies. The creator of the bot receives a commission for each sale, providing a potential revenue stream for their trading expertise.
Cryptorobotics offers four subscription plans, including a free plan and three paid plans: Basic PRO, Profit PRO, and Expert PRO.
The free plan includes trading on 14 exchanges, 10 stop-limit orders, 2 OCOs, technical analysis with saving templates on the chart, and an analytical dashboard for 30 days.
The Basic PRO plan costs $19 per month and includes stop-limit orders, OCOs, the ability to add one trading bot using your own strategy, an analytical dashboard, demo trading robots, multiple accounts, real trading robots, signal trading, autofollowing, and the free package.
The Profit PRO plan costs $49 per month and includes spot robots, the ability to add two trading bots using your own strategy, stop-limit orders, OCOs, signal trading, multiple accounts, futures robots, autofollowing, and the free package.
The Expert PRO plan costs $79 per month when paid for three months and includes spot robots, the ability to add five trading bots using your own strategy, futures robots, OCOs, multiple accounts, signal trading, autofollowing, an analytical dashboard, and the free package.
Additionally, the platform offers a profit-sharing system for some tools, which means users only pay a percentage for profitable trades.
Pros & cons of using Cryptorobotics
Pros of using Cryptorobotics:
- Automation: Cryptorobotics allows traders to automate their trading strategies using various tools such as trading bots, signals, and copy trading.
- Multiple exchanges: The platform supports trading on more than 14 major crypto exchanges, making it easy for traders to diversify their portfolios.
- User-friendly interface: The platform has a user-friendly interface that makes it easy for even novice traders to use.
- Risk management: Cryptorobotics provides various risk management tools such as stop-loss, take-profit, and trailing stop to help traders minimize their risks.
- Marketplace: The platform has a marketplace where users can buy and sell their trading bots, making it easy for traders to monetize their strategies.
Cons of using Cryptorobotics:
- Fees: Cryptorobotics charges a fee for its services, which can be a drawback for traders who are looking for a completely free platform.
How to start using the Cryptorobotics platform?
To start using Cryptorobotics, you need to follow these steps:
- Go to the Cryptorobotics website and click on the “Sign up” button on the top right corner of the page.
- Fill in the required information in the sign-up form, such as your name, email, and password. Then click on the “Create account” button.
- Once you have created your account, you will be redirected to the dashboard, where you can connect your exchange account.
- Click on the “Connect exchange” button and select your exchange from the list of supported exchanges. Then follow the instructions to connect your exchange account to Cryptorobotics.
- Once your exchange account is connected, you can start using the trading tools and features on the Cryptorobotics platform.
If you want to use advanced features like creating and running trading bots, you will need to subscribe to one of the paid plans. You can choose a plan that suits your needs and budget and start using the platform to automate your trading strategies.