Cryptotrader enables traders to build their own trading bot. Cryptotrader has been around since 2013 so they are well established and trusted in the cryptocurrency industry. All bots operate in the cloud and no software installation is required. Users can build their algorithmic trading strategy from scripting language CoffeeScript which requires little programming language skills.
The plans and pricing is a five-tiered model with the bottom tier priced at 0.0025 bitcoin per month and the upper tier priced at 0.0312 bitcoin per month. Different tiers offer different equity limits and contain different features. Receiving email alerts is a feature of the bottom tier while receiving SMS alerts is a higher tier. All major exchanges are supported. Other features include margin trading, short positions, multiple bots, and backtesting which comes with the most basic place.
Cryptotrader also has a marketplace for strategies where traders with an effective strategy can sell and traders seeking to increase performance can buy. If users have no programming skills, they can still use the strategy marketplace.
- Users get to choose from different tiers based on what they require
- No software installation required
- Many features offered along with all major exchanges supported
- Strategy marketplace exists
- Users can develop their algorithmic trading strategies with CoffeeScript which requires little programming skills. Those with no programming experience can go to the strategy marketplace.
- Users must pay a fee which is a downside when free software exists to develop a trading bot