TOP 5 trading bots for scalping in the crypto market
The scalping strategy requires serious skill and a huge amount of time. Trading bots allow a trader to take a break from the charts, at least for a while
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The scalping strategy includes many short-term trades in lower time frames. By doing so, a trader often closes a trade within minutes or even seconds. Some scalpers who do not even use the mouse when trading, because it reacts slower than decisions are made. In this case, the process is sped up by the hotkey combination.
While this strategy is said to be good for beginners, it can be very draining on the nerves. It is necessary to constantly monitor the charts not to miss a good opportunity, or so that the open position does not go too red too fast.
Trading bots that can generate a large number of profitable short-term trades without the trader’s help to solve the scalper's high emotional load problem.
In this article, we have selected the top 5 automated trading platforms for you.
3Commas – bot for beginners
The 3Commas platform is suitable for traders who do not have much experience in the financial and cryptocurrency markets. The Miami-based development team pursued the goal of making the application as simple as possible, with a large number of trading strategies and features.
Traders can set an entry point, take profits, stop losses and use trailing stop functions in case the price of an asset starts to drop drastically.
It is safe to use 3Commas as the bot does not have access to your funds.
3commas plan prices. Source – 3Сommas.io
Price: There is both a free version and paid plans that start at $12 per month.
Mobile app: iOS and Android
Exchanges: Most of the biggest exchanges, including OKX, KuCoin, BitMEX, etc.
Bot options: DCA Bot, HODL Bot, Optios Bot, GRID Bot, SmartTrades.
Bitsgap – algorithmic trading bot
Bitsgap is a trading terminal that supports a large number of trading strategies, including scalping. It can be used to trade on both the spot and futures markets. To use Bitsgap, you need to connect your exchange account to it using the API.
If you have never used trading bots before, Bitsgap has a demo account feature. With its help, you can master the techniques of trading without the risk of losing money.
Bitsgap plan prices. Source – bitsgap.com
Price: Trial version for 7 days. Paid plans start at $25 per month.
Mobile app: no
Exchanges: Most of the biggest exchanges, including Bybit, KuCoin, BitMEX, etc.
Bot options: GRID Bot, scalping, and arbitrage bots
WunderTrading – copy trading bot
WunderTrading is a trading platform that allows you to customize your trading strategy and receive passive income. The bot has a built-in free copy trading function that allows you to automatically repeat trades of professional traders.
WunderTrading also gives you the ability to create your own trading bots. It does not require any programming experience, but it is recommended to have experience in trading and technical analysis. When creating your bot, you set the parameters yourself: take the profit and stop loss ratio, the percentage of the deposit used, etc.
The user's money is held in an exchange account, so WunderTrading has no access to it. The bot can open and close trades on your behalf, but cannot withdraw or move your assets.
WunderTrading plan prices. Source – www.wundertrading.com
WunderTrading plan prices. Source – www.wundertrading.com
Price: There is a free version. Paid plans start at $20 per month.
Mobile app: no
Exchanges: Most of the biggest exchanges, including Bybit, Coinbase, BitMEX, etc.
Bot options: GRID Bot, DCA Bot, Copy trading, scalping, and arbitrage bot
HaasOnline – bot for experienced traders
The application offers wide functionality and more than 50 integrated indicators. It allows you to create quite complex trading strategies and work with them automatically.
HaasBot is popular among scalpers because it does a great job of quickly filling orders on short-term timeframes, and the self-learning (AI) algorithm takes into account the trader’s preferences.
HaasBot plan prices. Source – haasonline.com
Price: Trial version for 7 days. Paid plans start at $100 per month.
Mobile app: no
Exchanges: Most of the biggest exchanges, including Bybit, KuCoin, BitMEX, etc.
Types of bots: GRID Bot, DCA Bot, bots for scalping, arbitrage, and futures
CoinRule – the best smartphone bot
The platform offers a choice of over 1000 templates with a ready-made set of rules. Traders can use them or create their own strategies. CoinRule does not support technical analysis features, but users can import data from Tradingview.
A bot's decisions to open a trade can be made based on a variety of factors – they can be based on indicators, price activity for the past minute, hour, or day, or other selected parameters.
The bot has a convenient smartphone application that allows you to set up a trading strategy away from your computer.
CoinRule plan prices. Source – coinrule.com
Price: There is a free version. Paid plans start at $30 per month.
Mobile app: iOS and Android
Exchanges: Most of the largest exchanges, including Coinbase, BitMEX, KuCoin, etc.
Types of bots: DCA Bot, scalping, arbitrage, and options bot.
Although there are many advantages to automated trading, there are also disadvantages to consider. The bot works within pre-set limits, so it cannot independently vary trading decisions. If the initial strategy is chosen incorrectly, the bot will still work according to it, continuing to lose money until the trader intervenes.
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