On the contrary, you could instruct your bot to leave half of your gains open, General George Washington and proceed to make two additional orders. One order could instruct the bot to exit the trade if Bitcoin goes down by 1.5%, and the other could repeat the original order by cashing out half of your gains if Bitcoin goes up by another 5%. This can be repeated indefinitely until the -1.5% exit point is realized.

Top Crypto Trading Platforms

Once again, each plan comes with certain limitations on the amount of coins, strategies, and volumes that you can trade. You can read our in-depth Cryptohopper review here. Launched in 2017, 3Commas is an online cryptocurrency trading bot provider that is tailored for all experience levels. The provider allows you to use your bot at 13 leading cryptocurrency exchanges, which includes the likes of Coinbase Pro, Binance, and even BitMEX. In terms of what you can do with a 3Commas trading bot, you have the option of building your own strategies from the ground-up, or purchasing a pre-existing strategy from the online marketplace.

Where Can One Find Forex Trading Software?

However, it is also important to note that if an arbitrage opportunity does arise in the Bitcoin trading markets, it will not be present for more than a few minutes. As such, you can preprogram your bot to spot arbitrage opportunities on a 24/7 basis. This means that regardless of what timezone you are operating on, your Bitcoin trading bot can make risk-free gains when exchange price disparities occur. Once other traders have spotted the opportunity, the markets will quickly catch up and once again, cryptocurrency exchange prices will be more aligned.

All three plans come with an unlimited number of bots, and you’ll have access to all of the provided technical indicators. Kryll is a relatively new cryptocurrency trading bot platform that tailors its services to those with little experience in the field. The most expensive plan allows you to install multiple APIs on each exchange, so if you’re a professional trader looking for maximum flexibility, you’ll need to fork out a whopping $2,999. However, the standard plan is capped to just 1 exchange, while the other two plans are compatible with all other exchanges.