This is one of the core principles of crypto: self custody of your crypto assets guarantees the security and independence provided by blockchain technology.

• First, it started with wallets such as MetaMask or Electrum to give you full control over your crypto assets.
• Then decentralized exchanges such as Uniswap allowed to easily trade your crypto assets without having to trust a central authority.
• Decentralized exchanges continued to improve and now also propose sophisticated trading instruments such as perpetual futures on Hyperliquid.

Finally, self custody trading bots, allowing to leverage crypto exchanges to automate investment strategies independently from any centralized authority, are starting to appear.

What is a non custodial crypto trading bot​

A non custodial crypto trading bot is a trading bot that is fully controlled by you, its user.

1. It is not controlled by a central authority such as a crypto exchange or a trading bot platform that holds your API (or wallet) keys.
2. It's a trading robot that lets you have custody of your exchange API keys or crypto wallet.

While self custody is a core principle of crypto, it is not always easy to implement.
To achieve it, you need to configure your own wallet, which can be quickly done on a browser wallet such as MetaMask. This wallet can then be used to store your crypto and exchange them on decentralized exchanges.

From this point, a trading bot connected to this wallet will be able to apply your investment strategy by trading your crypto on decentralized exchanges using your own wallet.

This implies that the bot will access your crypto wallet directly, which means that you need to have a very high trust in the bot platform you are using. The risk being that any hacker compromising the bot platform will be able to steal your crypto.

Here is where a self custody crypto trading bot comes in. It is a trading bot that is only controlled by you, it never shares your crypto wallet's keys with any platform or anyone.

A self custody crypto trading bot can connect to both centralized and decentralized exchanges, and in both cases, it greatly increases the security of your crypto assets.

Self custody crypto trading bot for centralized exchanges​

To automate a strategy on a centralized exchange, there are three main options:

Simple but rigid: centralized exchange built-in trading bot services
In this case, the bot is running directly on the centralized exchange servers. This has the advantage of being secure and very easy to setup and use, but it also has the drawbacks of lacking the flexibility of a specialized trading bot tools.

Flexible but less secure: specialized trading bot platforms
The bot is running on the servers of a trading bot platform such as 3Commas. This has the advantage of being flexible and allowing to use a lot of different trading strategies, but it also has the drawbacks of being less secure as the bot platform can leak your API keys in case of a security breach.

Secure and flexible: self custody crypto trading bots
A bot, such as the open source version of OctoBot, is running on your own computer or server. Your API keys never leave your device. This has the advantage of being secure and flexible, but it also has the drawbacks of being more complex to setup and use.

As often, there is no "one size fits all" solution. You need to choose the best solution for your needs. The interesting part being the fact that there are more and more secure and flexible options available as self custody trading bots are becoming more accessible to the general public.

Self custody crypto trading bot for decentralized exchanges​

To automate a strategy on a decentralized exchange, there are two main ways of running a DEX bot:

Trusting a DEX trading bot platform
In this case, the bot is running on the servers of the DEX bot platform . While this is convenient, as it implies sharing your wallet with the platform, any issue with this platform can have devastating consequences for your funds.

Self custody crypto trading bots
This bot runs on your device and never shares your wallet with any platform, making it by far the most secure option. Drawback being that very few trading bots are available for decentralized exchanges.

Overall, automating an investment strategy on a DEX is still very challenging, that's why we are working on an easy to use self custody crypto trading bot for decentralized exchanges.

Pros and cons of self custody crypto trading bots​

The only way use a self custody crypto trading bot is to run it on your own computer or server. Its usually means a desktop application that you install on your system and a lot of headaches to setup and run properly.

Advantages of self custody crypto trading bots

Drawbacks of self custody crypto trading bots

At OctoBot, we are working on a self custody crypto trading bot that solves both the Running the software and Complex setup drawbacks using a secure self-custody trading bot from your mobile phone.

How to use a self custody crypto trading bot​

A self custody crypto trading bot is always a software you need to install, configure and run on your own mobile, computer or server.

First step is then to download and install a self custody crypto trading bot, such as the OctoBot open source trading bot desktop application.

Then, you will be able to select the strategy you want to use, connect to your exchange account and start trading.
While OctoBot works with most centralized exchanges and a few decentralized exchanges, if your primary goal is to trade on decentralized exchanges, you might want to use a specialized bot such as Hummingbot.
That's it, your bot is installed and configured, this was the easy part.

"Installing a self custody crypto trading bot is simple. Properly running and securing it is not."

Your self custody crypto trading bot is now automating your strategy. Next steps are to:

• Make sure it runs 24/7 (which means monitoring, restarting it if it crashes, keeping it updated)
• Keep it secure against other people accessing your computer, potential malwares and security breaches.
• If it runs on a server, make sure your connection to it is secure and encrypted at all times.

This can be a real challenge, especially if you are not a person with a strong technical background. This is why until today, the vast majority of self custody crypto trading bots were only available as desktop applications (or even command line tools) designed for highly technical users.

A self custody crypto trading bot mobile app​

At OctoBot, we have been working on trading bots since 2018, the year we coded the first version of the open source OctoBot on GitHub. Time has passed since then and the crypto world has changed a lot.
With the rise of popular decentralized exchanges such as Hyperliquid or Uniswap and stricter and stricter regulations, traditional trading bot platforms are, in many cases, not the obvious choice anymore.

This is why we have been working on a self custody crypto trading bot mobile app that allows you to:

• Automate your investment strategies on your centralized and decentralized exchanges in a simple way.
• Secure your crypto wallet and centralized exchange API keys on your own device.
• Profit from your mobile phone accessibility to always have control over your investment strategies.

We will be launching the app very soon. Register to the early access to be the first to use it.

How can AI really help you with your crypto investment?

In this Fireside chat with Serena from Kucoin, Paul and Guillaume, co-founders of OctoBot we discuss how AI is changing the game in crypto investment.

Here is a summary of the main topics covered over the fireside chat.

OctoBot is built around simplicity​

At OctoBot, we believe that crypto investment strategies should be available to everyone who looks for it. However, selecting and setting up an investment strategy can be really complicated and risky.

That's why octobot.cloud is built with simplicity in mind. Any trading strategy can be easily started from pre-configured strategies.

AI to create strategies​

Creating a trading strategy doesn't have to be a complex task. Using OctoBot AI, anyone can create their own trading strategy on any supported exchange.

Naturally, each trading strategy can be used with risk-free virtual money first and then on the user's exchange account.

Creating a crypto basket with AI​

Create any crypto basket just by describing it to the AI. The created crypto basket will be ready to use on the exchange you specified.

Creating a DCA strategy with AI​

DCA strategies can also be created from the AI, simply describe what to trade and how to trade it and your DCA strategy will be ready.

Creating a grid strategy with AI​

Grid strategies are a great way to make profits in sideway markets but can be intimidating to design, AI makes it much easier. Using OctoBot AI, you can get your custom grid in a few seconds.

The AI describes the key information of your grid in a simple way. Here, this 10 orders Solana grid covers a pretty tight price interval and will automatically follow the price by trailing up when the SOL/USDT price increases beyond 146.291 USDT.

Creating a TradingView strategy with AI​

When using TradingView to invest, Pine Script is the way to automate a strategy. However, it can be hard to get started with a new TradingView strategy. OctoBot AI makes it much easier. Simply describe your TradingView strategy idea and the AI will create your strategy Pine Script in a second.

Investing using crypto basket in the bull market​

During the bull market, Crypto Baskets are performing extremely well. Ourselves, at OctoBot, we use crypto baskets a lot for our personal investments.

Of course, at OctoBot, we use OctoBot for our investments and here is a screenshot of one of our personal crypto baskets bot. We believe crypto baskets to be a simple great investment strategy, especially during the bull market.

Transparency is at the core of OctoBot​

Since 2018, OctoBot is open source. We don't want users to blindly have to trust OctoBot, that's why the whole code is available on GitHub and everyone can download and install the software.

Final words​

At OctoBot, we want to make investment strategies easy to use for everyone. AI has recently become powerful enough to really help investors with their strategies, and we are proud to announce that OctoBot is now much easier to use and opens more possibilities than ever.

Crypto trading bots are game-changing tools that allow traders to execute strategies 24/7, without being glued to their screens. While many trading bots come with hefty price tags, the free ones are democratizing algorithmic trading for investors of all levels. This comprehensive guide will walk you through the top 10 free crypto trading bots that can help you automate your trading strategy, reduce emotional decision-making, and potentially increase your trading efficiency. Whether you're a seasoned crypto trader or a curious beginner.

What is a crypto trading bot?​

A crypto trading bot is an advanced software program designed to interact with cryptocurrency exchanges, automatically executing trades based on pre-defined strategies and market analysis.
These sophisticated algorithms can monitor market conditions, analyze price movements, and make trading decisions on your behalf.
By using complex mathematical models and machine learning techniques, trading bots can implement various strategies like arbitrage, trend following, market making, and sentiment analysis, all without experiencing the emotional biases that often impact human trading decisions.

1. OctoBot​

OctoBot is a flexible and easy-to-use trading bot that offers a variety of strategies for free, including AI-based, crypto baskets, smart DCA, grid and TradingView strategies.
It's open-source. With its focus on transparency, users can backtest strategies or use paper trading and track performance.
OctoBot supports most major crypto exchanges and also offers premium plans for free by completing missions, making it suitable for both beginners and experienced crypto investors regardless of their budget.

2. 3Commas​

3Commas is a crypto trading bot, offering GRID, DCA and Signal bots. Known for its user-friendly interface, 3Commas supports multiple trading strategies and technical indicators. It also features a community for support and learning, and a marketplace for third-party crypto signals. It offers a limited free plan and requires KYC in Europe.

3. CoinRule​

Coinrule is a no-code crypto trading bot. It features an easy "if-this-then-that" rule setup, over 150 pre-set trading rules, and a risk-free demo exchange. The bot is available via a web platform, supports all major tokens, and offers various subscription plans, including a lite free option.

4. Cryptohopper​

Cryptohopper is a cloud based crypto trading bot, offering a 3 days free trial for new users. It stands out for its market-making bot and the ability for users to create custom trading strategies or copy others' from its marketplace. The platform also supports automated trading via a telegram bot and offers additional services like crypto signals, strategy templates, and paper trading. The free plan only offers copy bots and portfolio management.

5. Pionex​

Pionex (Pionex.us for US citizens) is a cutting-edge trading platform known for its user-friendly automated trading bots, allowing traders to execute strategies effortlessly.
It offers a variety of customizable bots tailored to different trading styles, making it ideal for both novice and experienced traders seeking flexibility. With advanced backtesting and performance monitoring tools, Pionex empowers users to optimize their strategies and manage risk effectively. As it is also an exchange, there is no additional fees to start a trading bot.

6. Binance trading bot​

Binance trading bots are automated tools designed to execute cryptocurrency trades based on predefined parameters, allowing users to trade 24/7 without constant monitoring. These bots enhance trading efficiency by analyzing market data and making split-second decisions, which can help capitalize on market volatility. Binance offers a variety of bots, including the popular Spot Grid bot, which is particularly effective in sideways markets by buying low and selling high within a set price range.

7. Cornix​

Cornix is an automated crypto trading platform, renowned for beeing the largest crypto signals provider marketplace. It offers DCA bots, a dedicated mobile app and integration with Telegram for easy trade automation. It offers a limited free plan.

8. Bybit trading bot​

Bybit trading bots are automated tools that execute cryptocurrency trades based on pre-set strategies, enabling continuous trading without constant human oversight. These sophisticated algorithms analyze market trends quickly, offering options like the Grid Bot for sideways markets and the DCA Bot for systematic, risk-managed investments.

9. Kucoin trading bot​

KuCoin trading bots are automated tools that perform cryptocurrency trades according to user-defined settings, allowing for continuous trading without the need for constant oversight. They analyze real-time market data to make quick decisions and capitalize on price fluctuations. Key options include the Spot Grid bot for sideways markets and the Dollar-Cost Averaging (DCA) bot for systematic investing.

10. OKX trading bot​

OKX trading bots are algorithmic cryptocurrency trading systems that autonomously execute predefined strategies by analyzing real-time market data. These automated tools leverage sophisticated techniques like grid trading, dollar-cost averaging, arbitrage to optimize trading performance. By minimizing human intervention, the bots enable precise, rapid market interactions across multiple cryptocurrency platforms.

Conclusion​

In summary, whether you're a beginner or a seasoned trader, there's a crypto trading bot out there that can meet your specific needs. While these tools can be powerful allies in your trading journey, it's crucial to remember that no bot guarantees profits. Always conduct thorough research, understand the bot's strategy, and start with small investments or paper trading.

What is Grid Trading?​

Grid trading is a technique of trading that involves placing a number of buy and sell orders at fixed price intervals. This then creates a "grid" of orders which can be activated as the price heads higher or lower.

Grid trading is an attempt to make a profit from the difference between buying and selling, but not through forecasting the trend.

How does Grid Trading work?​

Grid trading is a process of setting multiple buy and sell orders at measured price levels. Usually, they are set according to a grid pattern, whereby each of them triggers with every movement in the price upwards or downwards. In other words, you could be trading in crypto, setting a $50 buy order and a $55 sell order. Once the price reaches $55, the sell order is triggered, and you sell the crypto for profit. If the price heads lower to $50, it triggers a buy order, through which you will buy the crypto at a lower price.

Types of Grid Trading Strategies​

You may employ several kinds of grid trading strategies depending upon your goals about trading and risk tolerance.

The most common grid trading strategy is the range-based grid trading. This strategy involves the establishment of a grid of orders that are to be triggered once the price starts to move within a pre-defined range. For example, assume the price is trading between $50 and $60, you're going to set buy and sell orders at higher or lower levels from this range.

Advantages of Grid trading are many and from different perspectives; the essential ones are as follows:

• More profit: Through grid trading, you can have gains when there is fluctuation, even in a sideways market.
• Risk reduction: Setting up a grid of orders will actually allow you to reduce the risks and hence avoid making huge losses.
• Flexibility: Through grid trading, you can efficiently engage yourself with a variety of markets such as stocks, forex, and cryptocurrencies.

However, it also has some disadvantages.

• Complexity: Grid trading can be cumbersome to set up. As such, its setup can be very confusing to any trader who sets it up.
• Over-trading: Grid trading can cause over-trading. This also has the potential of raising commissions, along with slippage.
• Emotional stress: It can be very emotionally stressful to trade using grid trading, especially in cases where you are trading with a big chunk of your capital.

Grid trading bots​

Grid trading bots, like OctoBot, are an automated program that automatically closes buy and sell orders based on pre-set parameters. It does this by creating a series of price levels or "grids" within which it will automatically execute trades in response to market fluctuations. It automatically performs partial sales when the price reaches a certain level within the set sell order and buys more in the event the price drops to a buy order level.

In this way, a trader can continuously make a profit from small price fluctuations without his or her constant monitoring of the market. Automation given by these bots has also helped them save traders from emotional stress while implementing effective strategies in both volatile and sideways markets.

Conclusion​

The grid trading strategy, is among the best stategies to actually realize gains from volatility in markets. You will have all the opportunities to fully capitalize on the fluctuation in prices by creating a grid trading system that increases your trading profits. On the other hand, grid trading requires serious risk management and discipline in overtrading emotional stress.

Curious about cryptocurrency, but really have no idea where to start?

Spot trading is an excellent place to start, but a host of available options and strategies may overwhelm you. In this article, some of the most basic aspects of spot trading will be discussed, a step-by-step guide on how one can get started will be given out, and valuable insight will also be shared concerning the best strategy and practices that shall bring in success.

Spot trading means buying or selling a cryptocurrency at the prevailing current market price and intending to take immediate delivery of the asset. This is opposed to either futures or options trading, whereby you would deal in a contract that will eventually give one the right to buy or sell an asset at a certain price some point in time.

Many traders love to spot trade since the market provides ample opportunities to make quick money by speculating on its ups and downs. It does, however, have its risks and challenges, too, which will be discussed later in this article.

How to Get Started with Spot Trading​

Getting started with spot trading is relatively easy but does take some basic knowledge and preparation. Here are the steps to follow:

First, choose a reputable exchange that enjoys good credibility. Select any exchange that lists your cryptocurrency pair for a spot trade. Create an account on that exchange and get it verified. Afterwards, you may deposit the funds with which you wish to trade into your account. Get familiar with the platform of the exchange and its features, including charts and order books.

Start trading: Make your first trade and begin growing your portfolio.

Strategy of Spot Trading​

There are numerous spot trading strategies that you can avail depending on your goals and risk tolerance. Let's discuss a few widely used one's below:

• Technical Analysis: You can make use of charts along with technical indicators to identify trends and patterns taking place within the market.
• Fundamental analysis: The trader needs to research the underlying fundamentals of a digital currency, its use case, team, and market demand.
• Scalping: Earn money by buying and selling a cryptocurrency in as little time as possible.
• Swing trading: Simply hold onto the cryptocurrency for an extended period of time, while it waits for a huge movement in the market.

Spot Trading vs Other Types of Trading​

A little further down the line, spot trading is just one type of trading, and it does have its advantages and disadvantages versus other kinds of trading. A few of the main differences existing are:

• Futures trading: Futures trading involves buying and selling a contract that leads to the entitlement of purchasing or selling at a particular price in times to come. This involves more intricacies and hence requires deeper market understanding.
• Option trading is generally defined as a trade of contracts wherein one receives the right to sell or buy any specific form of an asset in the future at a pre-identified price. Options trading is also a more complex form of trade and entails much more comprehensive understanding of the market.
• Day trading: As the name would suggest, trading involves the buying and selling of a cryptocurrency in one single trading day. This kind of trading is faster and requires better knowledge of the market.

Common Mistakes to Avoid in Spot Trading​

Spot trading offers lucrative opportunities but carries inherent risks. While emotions can derail trading decisions, disciplined risk management through stop-loss orders is crucial. Success requires careful market analysis and a deep understanding of traded cryptocurrencies.

Do you want to maximize your profits and minimize your losses?

If so, you are not alone. In recent times, the use of automated trading bots has increased in an effort to revolutionize the trading strategy among many traders. Here is all the important information on the world of automated trading bots, covering benefits, risks, and best practices to succeed.

What is an Automated Trading Bot?​

A trading bot is simply a software program that uses market or any other type of data to analyze and make a trade on behalf of the user. They may be set to follow a defined trading strategy; besides, they are able to perform trades faster and more frequently than a human ever could. Many trading bots are designed for use in trading stocks, forex, and crypto, and they come with a host of benefits for traders.

They can analyze market data and make trades without emotional bias, granting the trader more time for analysis and strategy development. Just like a self-driving car, automated trading bots need regular checkups and updates to make sure they keep running correctly and efficiently.

How Do Automated Trading Bots Work?​

Automated trading bots are using algorithms and machine learning in the analysis of market data for the execution of trades. They can simply be programmed to follow a particular trading strategy, such as DCA, GRID and are capable of executing trades with a speed and frequency impossible for humans. They can be easily integrated with other tools, such as technical indicators and risk management software, to offer a whole trading solution.

Advantages of An Automated Trading Bot​

Some of the benefits associated with a trading bot include:

• Increased Efficiency and Productivity: The automated trading bots can execute trades faster and more frequently than any human being; hence, this frees up more time for them to carry out analysis and strategy development.
• Higher Accuracy and Less Emotions: This automated trading bot can analyze markets and make trading decisions free from emotional bias, avoiding impulsive decisions.
• Scalability and Flexibility: One can program an automated trading bot to follow any specific trading strategy; besides, they are straightforward to scale up or scale down with respect to market conditions that keep changing.

Select the Best Automated Trading Software​

With so many automated trading software options out there, it's hard to know which one to choose. Here are a few things to keep in mind:

• Look for software that offers a variety of trading strategies. Automated trading software should be able to give its user a variety of different trading strategies, including DCA and GRID.
• Consider the level of customization: Good automated trading software should allow you to customize it in accordance with your trading needs.
• Check if it has risk management tools. A good automated trading software should have built-in risk management tools, such as stop-loss orders and position sizing.

We've also made a top of the best crypto trading bots.

Top Automated Trading Strategies​

Some of the more popular automated trading strategies include:

• DCA Strategy: Dollar-Cost Averaging (DCA) means investing a fixed amount regularly, no matter the price. This helps smooth out buying costs over time and reduces the impact of market ups and downs.
• Grid Strategy: The Grid Strategy sets buy and sell orders at regular intervals around a price. It takes advantage of price swings, allowing traders to profit from small movements without needing to predict market direction.
• AI strategy: AI trading uses algorithms to analyze data and make trades quickly. These systems can spot trends and react faster than humans, adapting to market changes for better outcomes.

Risk Management and Portfolio Optimization​

Key parts of automated trading are risk management and portfolio optimization. Some points to be considered are as follows:

• Stop-loss orders can help you limit your losses if the market moves against you.
• Position sizing: Position sizing is the most critical factor in managing risk and maximizing profits.
• Diversify your portfolio: You can reduce your risk and potentially increase your returns by diversifying your portfolio by using for example crypto baskets

OctoBot: Your automated trading bot​

OctoBot is easy to use automated trading bot to automate your strategies and risk management that can be customized to fit any trading plan. You can start your own automated trading bot and personalize it according to his particular trading needs using OctoBot or choose any pre-configured strategy.

Conclusion​

Giving traders a bunch of benefits, the automated trading bots will increase efficiency and productivity, improve accuracy and reduce emotions, and be scalable and flexible. The right choice of automated trading software and the development of your own automated trading bot will maximize your profits and reduce potential losses. It is equally important that you should not make common errors such as over-optimization and bad risk management.

What if you could create a trading strategy just by describing it?

This is exactly what we built, and we are very proud to announce that it works really well!

In this video, Guillaume creates a MACD + SMA trading strategy exclusively using the OctoBot AI to generate and then improve the strategy. Finally, the strategy is automated on a live exchange with a risk-free virtual money TradingView OctoBot using a free TradingView account.

Let's go over the highlights of this new way to create TradingView strategies

Describe your strategy to the AI to create it​

Just describe your strategy on the new OctoBot AI strategy generator, and it will create the TradingView equivalent of your strategy using Pine Script.

This artificial intelligence is similar to ChatGPT and is specifically trained to generate ready-to-use Pine Script strategies with the following criteria:

• The strategy can be configured using regular TradingView settings
• No change should be required to run and test the strategy from TradingView
• The strategy can be automated as is, without having to edit it

Just describe it the strategy you wish to create, and the AI strategy generator will write it for you!

This generated strategy can then just be pasted into the TradingView "Pine Editor" and be used right away.

And this is not all. The AI strategy generator can also be used to improve a strategy.

Improve your trading strategy using AI​

Once you created your strategy, you can make changes to it the same way you created it: using natural language and your own words.

Just ask the generator to update the strategy the way you want: you can add an indicator, change the way take profits are made, use multiple time frames or coins. There is no limit.

The strategy generator will just do exactly as you tell it to and update your strategy code for you.

Here, we asked the AI to also consider moving averages (SMA) when identifying its buy and sell signals. We now have a working MACD + SMA TradingView strategy without writing a line of code.

We can use it directly on TradingView to test and optimize it. It is now just a regular TradingView strategy, just like if you used the code of someone else's strategy, except that it's your own.

You now have your own TradingView strategy. What about using it in live condition on your exchange?

Automate your AI TradingView strategy​

Binding your TradingView strategy to your exchange can be done using a TradingView OctoBot. They are special OctoBots that you can start on your target exchange and that can be using:

• Risk free virtual money - This is best to test your strategy live before using your real funds
• Your funds on exchange - Once you are confident enough to use your strategy with your funds, you can start making gains with a real-money OctoBot

Your TradingView strategy can be automated with OctoBot using TradingView alerts. Just create an alert, enter your OctoBot TradingView alert email address or webhook URL and set the alert message to {{strategy.order.alert_message}}. Your OctoBot will then automatically apply your strategy on your exchange account.

Are you wondering where this {{strategy.order.alert_message}} comes from ? It's a special parameter that has been set in your strategy code by the AI generator in order to make your strategy ready to be automated by OctoBot without having to change the code.

Going further​

We create a set of guides and videos to help users create and automate their TradingView strategy. If you ever wanted to try something with indicators or TradingView automations of any kind, this is the right place to get started!

Final note: if you wish to use the strategy described on the video, you will find it under the "MACD SMA strategy" on the TradingView strategy explorer.

Can you automate trading on TradingView?​

Yes you can, and you can do it with a TradingView free plan. TradingView has a built-in alert system that can be used to automatically trigger trades on brokers such as Binance.

Such alerts can be sent via email, which is free or using webhooks, which require a TradingView subscription. Those alerts can be automatically processed by a platform such as OctoBot to instantly convert each alert into trades on your exchange account.

Automating trades on TradingView​

TradingView makes it easy to create alerts that will fire as soon as any type of condition is met.

Alert can are triggered as soon as their Condition is met. Conditions be:

• Price events such as the price of Bitcoin reaching a certain value
• Indicator thresholds such as the RSI value entering a specific range
• Pine Script strategies creating buy or sell orders
  

Overall, alerts are very flexible and are a great tool to connect TradingView to other platforms in order to automate trades. This connection can be done using email or webhooks.

Automate with Email alerts​

When checking the Send plain text notification option in the alert Notifications tab, TradingView will automatically send an email to your alert email address every time the alert is triggered.

Email alerts are included in the free TradingView plan, which makes them accessible to every TradingView user.
However, when using the free plan, only one email alert can be used at a time.

Automating trades via email is possible but can be complicated. In order to do this, specialized platforms such as OctoBot are required to be able to automate TradingView trades while remaining on the free TradingView plan.

Automate with webhook alerts​

The most common way to automate trade on TradingView is to use webhooks. A webhook is a URL that TradingView will automatically call as soon as your alert is triggered.

This is the most efficient way to connect TradingView to any trading platform.

Using webhooks require a TradingView paid plan and is compatible with most platforms.

TradingView automated trading bot​

Adding alerts to TradingView can be used to automate trading strategies using automated trading bots.

A trading bot is a software that will automatically trade on an exchange account based on its strategy. A trading bot can listen to your TradingView alerts and instantly trade on your exchange account as soon as it receives a notification of your alert.

A TradingView trading bot can easily be created using a TradingView OctoBot. Such bot makes it easy to trade based on your TradingView alert emails or webhook calls.

Using OctoBot, you can create your own TradingView trading bot that will be trading on your exchange account or with risk-free virtual money and automate any type of trading strategy.

You got a TradingView strategy that you would like to automate? Check out our guide on how to automate a TradingView Strategy to learn more.

Finding the best TradingView strategy​

TradingView is a great platform to find trading strategies. Using the strategy explorer, you can view hundreds of strategies.

A TradingView strategy is written in Pine Script, a language specifically designed to create and visualize trading strategies.

When selecting a strategy, TradingView will display its signals on your chart, and you will be able to display and edit its Pine Script code directly from the website.

There are many other ways to find TradingView strategies, such as:

• The TradingView scripts explorer
• Specialized Youtube channels such as Trading with DaviddTech or TradeIQ

Testing a TradingView strategy​

When using a TradingView strategy, you can always visualize how it behaves directly on your price chart. You can also use TradingView's integrated backtesting engine to execute your trading strategy on historical data.

Backtesting a strategy is especially useful when optimizing your strategy settings to generate the most profits on your traded market.

To test a TradingView strategy, simply go to the Strategy Tester tab and view your strategy historical trading performance.

Changing any input of your strategy will automatically update your strategy backtesting results.

Start your TradingView bot

The OctoBot team is proud to announce the partnership with BitMart aiming to help BitMart investors to simply automate their trading strategies.

Automate BitMart trading​

BitMart is now joining the officially supported exchanges of the open source version of OctoBot.

It is now easy to use OctoBot to automate your BitMart trading strategies:

• Using risk-free paper trading and simulated money to test your strategy in live condition
• With backtesting and the Strategy Designer to quickly optimize your strategies performances
• With your funds directly stored on BitMart to really profit from your strategy

Start your OctoBot

Trade to earn for OctoBot users on BitMart​

To celebrate the partnership, BitMart is running a special reward campaign for all OctoBot users who trade on BitMart! Simply connect your BitMart account to OctoBot, trade with your strategy to receive a $5 reward.

Naturally, this comes in addition to the regular BitMart rewards and makes using OctoBot on BitMart more profitable.

Learn more about the details of this reward on the BitMart announcement.

Supported OctoBot strategies on BitMart​

The BitMart support by OctoBot opens the door to a wide range of trading strategies that are free and easily accessible from the open source version of OctoBot.

BitMart Crypto Baskets​

Invest in the whole crypto market or themes you like directly from BitMart using OctoBot cloud-based crypto baskets or your custom baskets. To use OctoBot cloud crypto baskets on BitMart, simply download the crypto basket you want directly from your OctoBot and enable the BitMart exchange.

BitMart TradingView automated trading​

Automate your TradingView strategies on BitMart and easily trade from your TradingView alerts.

BitMart AI Smart DCA​

Optimize your BitMart trading strategies using smart dollar cost averaging strategies and automate your trades based on technical analysis or artificial intelligence.

BitMart customized grid trading​

Profit from stable markets using grid trading and automate trades to create a regular passive income

BitMart is available starting from OctoBot 2.0.5​

Starting from OctoBot 2.0.5, BitMart is SPOT trading is fully supported, as well as its websocket connection allowing to speed up market data updates.

BitMart has been included within OctoBot's regularly tested exchanges. The OctoBot team will regularly make sure that the BitMart connection remains stable and we (the OctoBot team) will do everything that is possible to maintain this state to offer you the best possible trading automation on BitMart.

Final words​

At OctoBot, we are trying to make trading strategies automation as accessible as possible to everyone. Following this philosophy, it's important for us to enable automated trading on each exchange that is important to our users.

Adding BitMart to the supported exchanges of the open source OctoBot is a first step towards a broader integration with BitMart, if you are interested in using BitMart with OctoBot cloud strategies, let us know by upvoting the BitMart support on our roadmap.

If you are trading on an exchange that is not currently supported, please create or upvote the post associated to your exchange on our feedback website.

Introducing OctoBot 2.0.0​

We're very excited to announce the release of OctoBot 2.0.0! This version is a major leap forward for the whole OctoBot project, as it:

1. Revamps the whole user interface
2. Introduces the Premium OctoBot Extension
3. Includes many fixes and exchange connector updates.

Revamped user interface​

In OctoBot 2.0.0, we greatly improved the OctoBot UI that started to look a bit from another time.

The whole UI is now much more modern and is using the new OctoBot visual identity.

The user interface now has dark and light modes and has better rendering on different screen sizes.

We hope you will enjoy the new design of OctoBot!

The Premium OctoBot Extension​

The second major feature of this version is the introduction of the Premium OctoBot Extension.

The Premium OctoBot Extension is an optional paid extension to permanently improve your open source OctoBot. It adds:

• The Strategy Designer to create advanced OctoBot strategies
• Secure OctoBot cloud webhooks for your TradingView strategies
• OctoBot cloud crypto baskets directly into your open source Octobot

We created the Premium OctoBot extension in order to:

• Improve the ease of automating your TradingView strategies
• Provide a tool suited for those who want to delve deeper into creating advanced strategies
• Allow open source OctoBots to use OctoBot cloud crypto baskets that are automatically kept up to date

These features incur significant operating and development costs, which is why we decided to include them in the Premium OctoBot Extension and we look forward to receiving your feedback on this.

If you have any idea of features you would like to see on the Premium OctoBot Extension, please reach out to us.

Other improvements​

OctoBot 2.0.0 updates the version of CCXT, its exchange connector to 4.3.56, therefore improving the global crypto exchange connection and compatibility with OctoBot.

This update also includes many bug fixes as well as improvements in exchange synchronization.

At OctoBot, our mission is to make crypto investment simpler. Therefore, we spend a lot of time trying to understand what is the most complicated when investing in Crypto.

One of the things we realized was that automated investment strategies (either investing in the whole market with crypto baskets or with simple algorithmic strategies) are very popular as long as they remain easily accessible.

The crypto world is already complicated to get into, if investors also need to pay to use their first automated strategies such as crypto baskets, OctoBot is not really making things more accessible. This is especially true if you need to figure out how much gains you need to make to justify a $14/m subscription.

We decided to change that.

Free automated strategies for every crypto investor​

The free Investor plan now unlocks a set of both crypto basket and algorithmic strategies. This will enable crypto investors using any size of portfolio to directly profit from OctoBot investment strategies.

Additionally to the existing strategies, we also added new moderated-risk strategies, all available with the Investor plan and specifically created for investors who want to profit from a reasonable risk level.

We also made the multi account historical dashboard available from the Investor plan, to make it easier for everyone to follow their accounts.

Affordable advanced investment strategies​

The Investor Plus plan now focuses on unlocking specific types of crypto baskets and investment strategies.

It also increases the amount of simultaneous OctoBots an account can use.

The goal with this new Investor Plus plan is to be relevant to crypto investors who want to invest using more advanced strategies while remaining very affordable.

As a result, the Investor Plus plan is now much cheaper and can also be bought as a lifetime plan.

Try Investor Plus

Customized investment strategies​

The Pro plan unlocks all the investor plus features and adds the possibility to configure your strategies

• Trade with your own strategies using TradingView OctoBots: automate your trades based on TradingView alerts from the price directly, indicators or even Pine Script strategies.
• Invest with your own custom crypto baskets
• Fine tune all your OctoBots: using the Pro plan, you can easily interact with your running OctoBots to create, replace or cancel orders directly from your OctoBot.
• Enjoy priority support from the OctoBot team

We also adapted the Pro plan price to be less impactful on your portfolio: the Pro plan is now $25/m.

Switch to the Pro plan

Final words​

We believe that this revamp of the OctoBot plans will greatly increase the accessibility of automated investment strategies for any crypto investor.

With those new plans, we want to make OctoBot cloud the best platform to easily invest in crypto using investment strategies.

We hope that you will enjoy those changes and want can't wait to get your feedback on it.

Unlock OctoBot paid strategies for free​

When creating an OctoBot account, you can choose to use the free Investor plan or one of the following paid plans:

• The Investor Plus plan, among other benefits, instantly unlocks every OctoBot AI, DCA, crypto baskets and grid strategies
• The Pro plan unlocks everything from the Investor Plus plan while also adding TradingView OctoBots, priority support and more

Rewards are the alternative way to unlock the AI, DCA, crypto baskets and grid strategies that are normally only available starting from the Investor Plus plan.

While paid plans grant you instant access to every strategy, it is now also possible to gradually unlock access to those strategies by being a valuable OctoBot user.

When visiting your rewards dashboard, you will see your current reward level. Each reward level permanently improves your free OctoBot account.

Rewards are notably useful to unlock access to:

• Each AI strategy
• Each crypto basket strategy
• Each DCA strategy
• Each grid strategy
• An increased number of simultaneous OctoBots you can use

Grandmaster of Crypto is the maximum reward level. It takes time to acquire, but when reached, it permanently unlocks all the Investor Plus features.

How to earn rewards​

Rewards are earned by completing missions from the "Missions" section of your rewards dashboard.

There are many kinds of missions such as starting multiple OctoBots, completing crypto courses or just having a running OctoBot.

The main aspects to keep in mind to quickly earn rewards are:

• Making sure to configure your OctoBot account and installing the app to get all the welcome rewards
• Having at least one OctoBot investing on your exchange account to get your daily rewards
• Talking to your friends about your experience with OctoBot and helping them setup their account: you get rewarded when your referees start their OctoBot and when they purchase a yearly plan

The reason behind the OctoBot rewards system​

We realize that many crypto investors are investing with a portfolio containing less than few hundred dollars. In this context, paying for a monthly subscription can be really painful.

Our goal at OctoBot cloud is to make crypto investment more accessible, and we also want to improve investments for smaller portfolios, and for those who simply don't want to pay.

This is why we designed this rewards system. If you or a friend of yours wish to automate their investments with OctoBot cloud, there are many options to do so:

• Using the Investor Plus or Pro plan to instantly unlock all the strategies
• Using strategies that are available free
• Being a valuable OctoBot user and gain access to the Investor Plus strategies and features as a gift from OctoBot cloud

Check out OctoBot plans

What is a crypto trading bot?​

Crypto trading bots are like your digital assistants for cryptocurrency trading. They work autonomously, executing trades based on your chosen strategies, which means you don't need to constantly monitor the markets.

What is an AI crypto trading bot?​

An AI crypto trading bot utilizes artificial intelligence algorithms to automate trading processes in the cryptocurrency market. By analyzing vast amounts of data and market trends, these bots can execute trades based on predefined strategies without constant supervision.

With many traders using them today, they're a popular choice for both beginners and experts. For those new to crypto trading, these bots often come with user-friendly strategies to help you get started easily.

1. OctoBot​

OctoBot is a flexible and easy-to-use trading bot that offers a variety of strategies for free, including AI-based, smart DCA, and GRID strategies. It's open-source. With its focus on transparency, users can backtest strategies or use paper trading and track performance. OctoBot supports most major crypto exchanges and offers premium plans for advanced users, making it suitable for both beginners and experienced crypto investors. It also offers crypto AI predictions and AI focused crypto baskets.

2. CryptoHero​

CryptoHero offers automated crypto trading to many cryptocurrencies and integration with major exchanges like Binance and Kraken. Users can set parameters, leverage AI-optimized bots for simulations, and use backtesting for strategy refinement.

3. 3Commas​

3Commas is a paid crypto trading bot, offering GRID, DCA and Signal bots. Known for its user-friendly interface, 3Commas supports multiple trading strategies and technical indicators.

It also features a marketplace for third-party crypto signals.

4. Cryptohopper​

Cryptohopper is a paid crypto trading bot, offering a 3 days free trial for new users. It stands out for its market-making bot and the ability for users to create custom trading strategies or copy others' from its marketplace.

The platform also supports automated trading via a telegram bot and offers additional services like crypto signals, strategy templates, and paper trading.

5. Pionex​

Pionex (Pionex.us for US citizens) is a trading platform that became famous for its user-friendly automated trading bots, allowing traders to execute strategies effortlessly.
Le platform trading bots can be tailored using AI to fit different trading styles, making it ideal for traders seeking flexibility.
Pionex empowers users to improve their strategies and manage risk effectively using backtesting and performance monitoring tools.

Conclusion​

In conclusion, whether you're new to trading or an experienced investor, there's an Artificial intelligence crypto trading bot that's right for you. These bots come with different features and pricing, so you can find one that matches how you like to automate your trading.

You didn't find what you were looking for ?
If you are looking for more AI tools to automate and improve your investments, Insidr.ai is a great website referencing a ton of useful AI tools.

What is a crypto bubble?​

Imagine a balloon that keeps getting bigger as more air is blown into it. In the world of cryptocurrencies, similar things can happen. A crypto bubble occurs when the prices of cryptocurrencies like Bitcoin increase very rapidly due to a lot of excitement and investment from people hoping to make quick money.

However, just like a balloon can only take so much air before it pops, a crypto bubble can burst, resulting in a significant decline in prices.

Why do crypto bubbles happen?​

1. New investors: Many people hear stories about others making huge profits from cryptocurrencies and decide to invest too, hoping for the same. This rush drives the prices up quickly.
2. Fear of Missing Out (FOMO): Fearing they might miss out on profits, people often rush into buying cryptocurrencies, which can push prices even higher.
3. Media hype: When the news constantly talks about rising crypto prices, even more people want to invest, which adds more air to the bubble.
4. Bandwagon effect: People often follow what others are doing. If everyone is buying crypto, it might seem like a good idea to do the same, even if the prices are very high.

Historical Crypto Bubbles​

Bitcoin, the first cryptocurrency, has seen several bubbles since it started in 2009. For example, in 2017, Bitcoin's price skyrocketed to nearly $20 000, followed by a decline to approximately $3 000 a year later.

Signs of a Crypto Bubble​

• Quick price increase: When prices of cryptocurrencies rise very fast without a good reason, it might be a bubble.
• High volatility: Prices change dramatically in a short period.
• Big trading volumes: A sudden increase in buying and selling can be a sign.

How to Handle a Crypto Bubble​

• Diversify Investments: Don't put all your money in the same cryptocurrencies, spread your investments across multiple cryptos through crypto baskets to reduce risk. Avoid putting all your funds into cryptocurrency. Having a mix of different types of investments can protect you if the crypto market crashes.
• Watch Market Trends Carefully: Keep an eye on how cryptocurrencies are performing and what the market sentiment is like. Tools like the Fear and Greed Index can give you an idea of whether emotions are driving the market too much, which is often the case in a bubble.
• Stay Disciplined: Have a solid plan for your investments and stick to it, no matter what others are doing. Don't make decisions just because prices suddenly change or because of what other people say.

Preparing for After the Bubble Bursts​

If the crypto bubble bursts and you're affected, remember to remain calm.

Here are a few tips on how to proceed:

• Assess and rebalance your portfolio: Look at your investments and see if you need to make changes to reduce risk or take advantage of new opportunities. Crypto baskets are an easy way to diversify and rebalance your crypto portfolio.
• Learn from experience: Analyze what happened and why, and use this knowledge to make better investment decisions in the future.
• Keep an eye on the market: After a crash, there could be opportunities to buy good cryptocurrencies at low prices, but remember that it's important to do your own research and not just act on impulse.

Frequently Asked Questions​

How can I tell if it's really a bubble?​

Look for signs like extremely rapid price increases, extreme public enthusiasm driven more by media and FOMO.

Are cryptocurrencies still a good investment after a bubble bursts?​

Yes, cryptocurrencies can still be good investments after a bubble bursts. Just make sure to do your own research and consider how much risk you're comfortable with before investing.

Will there always be crypto bubbles?​

Given the current trends and historical patterns, it's likely that the cryptocurrency market will continue to see bubbles. This is a natural part of a young and evolving market, where enthusiasm and innovation drive significant price movements. Each bubble also brings increased attention and investment, potentially strengthening the market's foundation over time.

That's why we have completely redesigned the app to better meet your needs.

A new detailed view for each of your OctoBot​

We have also created a new detailed view of your OctoBot. You will be able to precisely follow what your OctoBots are doing. You will have access to the performance history of your bots, the distribution of their portfolio, ongoing orders, and their latest actions.

This new view is available whether you are using an OctoBot from OctoBot cloud or have installed it yourself.

A new dashboard​

As soon as you log in to the new version, you will discover a new dashboard. This dashboard shows the history of your actual portfolio, including all your exchange accounts. You will also get an overview of how your portfolio is currently distributed.

This new dashboard is designed so that you can monitor the performance of your crypto portfolios easily from your smartphone.

Also available on iPhone​

With this new version of the application, we are also adding a web version of the app available at mobile.octobot.cloud.
It makes the OctoBot mobile app installable on iPhone directly from your browser to provide an experience similar to the Android application. This is the first step towards the iPhone version of the OctoBot app.

To install the app on iPhone it, follow those 4 steps:

1. With your mobile, go to mobile.octobot.cloud
2. From your mobile web browser interface, click the share button
3. Scroll down and click Add to Home Screen
4. Click Add

🎉 The OctoBot app is now installed on your iPhone!

Conclusion​

This is just the beginning. More improvements and new features will further enrich the mobile app.

We hope you enjoy this new version. If so, do not forget to leave us a review!

One Click Cloud Deployment​

Running your OctoBot trading robot on the cloud has never been easier and cheaper! OctoBot is now available as a 1-Click Droplet on the official DigitalOcean marketplace.

Having your OctoBot up and running on DigitalOcean only takes 1 click and starting from as cheap as $6 per month when using the minimal setup.

Introducing OctoBot 1.0.9​

We're glad to announce the release of OctoBot 1.0.9. This version notably adds support for the above mentioned DigitalOcean One Click Deployment and also adds custom crypto baskets into OctoBot and improves the existing trading modes while fixing many issues.

Crypto Baskets​

Similarly to OctoBot cloud crypto baskets, you can now create your own crypto baskets using OctoBot and the new Index Trading Mode.

When using the Index Trading Mode, your OctoBot will split your reference market holdings into the different coins of your traded pairs. You can also define a rebalance interval and threshold to customize the way your OctoBot should behave when coins held in your basket change in value.

And of course, you can use backtesting to optimize the content of your baskets!

Improved trading modes​

Both the DCA and TradingView trading mode have been improved in OctoBot 1.0.9.

DCA Trading Mode

The DCA Trading Mode now supports an additional parameter. By setting the Max asset holding of your DCA strategies, you can limit the exposure to a given asset. This is especially useful when using a evaluator-based DCA as it prevents your DCA bot from building an excessive exposure to a given asset when buying conditions are repeating.

TradingView Trading Mode

Limit and stop orders created by the TradingView Trading Mode are now much more flexible.

The TradingView Trading Mode now supports relative pricing for limit and stop orders. This means that you can configure your TradingView alerts to trigger for example:

• A BTC/USDT buy order at -10% of the current price
• An ETH/BTC sell order at the current price + 0.01 BTC
• A BTC/USDT stop loss at the price of 35000 USDT

Exchanges improvements​

• Coinbase: OctoBot now support both the legacy and updated Coinbase API key format
• MEXC: Trading on MEXC is now much more stable
• All exchanges: The order flow inside OctoBot as been improved. This fixes many issues related to order synchronization as well as errors on order creation.

Full changelog​

Find the full changelog of OctoBot 1.0.9 on the OctoBot GitHub repository.

Final words​

We would like to thank the OctoBot community for their great support and improvement ideas as well as reporting many of the issues that have been fixed in 1.0.9.

Coinbase and Binance.us support on OctoBot cloud is our most requested feature by far and we are glad to announce that both exchanges are now integrated within OctoBot cloud!

You can now easily automate your crypto investments using OctoBot cloud both on Coinbase and Binance.us with your exchange account or using risk-free paper trading.

Invest using Coin Baskets on Coinbase and Binance.us​

Coin Baskets enable you to easily invest in the whole crypto market or in specific themes you believe in.

When using Coin Baskets, your OctoBot will split your portfolio holdings among the assets of the basket. Each basket is automatically updated according to CoinGecko rankings and categories and coin availability on each exchange.

Invest with OctoBot

Top Crypto Baskets​

Top crypto baskets enable you to invest in the best cryptos of the market according to their marketcap on platforms sur as CoinGecko.

Investing in top crypto baskets is a great way to diversify and profit from the whole crpyto market. Following a top crypto basket will maintain your exchange portfolio balanced among coins of the basket therefore making sure that you profit from price increases of each of those coins.

Theme-oriented Crypto Baskets​

Theme-oriented crypto baskets on the other hand enable you to invest in themes as defined in CoinGecko categories.

Crypto baskets that are oriented around a theme are useful to profit from global trends and invest topics you believe in such as Artificial Intelligence, NFTs, Real World assets, Meme coins and more.

Learn more about Crypto Baskets​

At OctoBot, we believe that investing using crypto baskets is on of the best ways to invest in crypto as it enables to invest:

• Into all the main crypto of the market or whole themes instead of cherry-picking coins
• While reducing risk by diversifying over a multiple coins
• Using a neutral basis: marketcap & category-based ranking

If you want to learn more, have a look a our detailed crypto baskets article and video

Profit from DCA, AI, Grid strategies on Coinbase and Binance.us​

With OctoBot cloud, you can also invest using pre-configured Dollar Cost Averaging, Artificial Intelligence and Grid strategies.

Those strategies can be used for free on OctoBot cloud and are available alongside their historical performances

Smart Dollar Cost Averaging Strategies​

Smart Dollar Cost Averaging strategies are a powerful way to profit from the rise of multiple coins leveraging multiple small buy and sell orders in order to minimize your buying price and maximize your selling price.

To learn more about smart DCA strategies, check out our Smart DCA with OctoBot article

Artificial Intelligence Strategies​

You can also take Smart DCA strategies one step further and integrate AI in the decision making of your DCA strategies entries.

With OctoBot cloud, you can use Smart DCA strategies using ChatGPT models to analyse market trends and decide to buy when ChatGPT considers the timing right.

Here is our ChatGPT trading article covering AI strategies in details.

Automate your TradingView strategies on Coinbase and Binance.us​

Last but not least, OctoBot cloud enables you to easily automate your TradingView strategies directly on your Binance.us and Coinbase accounts.

This way, you can automate trades based on:

• Market price changes
• Built-in or custom indicators
• Pine Script strategies

Here is our guide showcasing TradingView OctoBots with videos and strategies examples to learn more.

Invest with OctoBot

In our goal to make cryptocurrency investment simple and accessible for everyone, we are very pleased to announce the release of crypto baskets.

What are crypto baskets?​

A crypto basket is a collection of different cryptocurrencies grouped together based on a specific theme.

For example, you can find a basket composed of cryptocurrencies related to artificial intelligence, memes, NFTs, metaverse, and many more.

Why using a crypto basket?​

Using a crypto basket means you don't have to manually choose each cryptocurrency to buy. You can invest in a theme that interests you and as a result diversify your investment to reduce risks.

Crypto baskets also allow you to profit from all variations in cryptocurrencies. As soon as the price of a cryptocurrency in the basket increases, its share in your portfolio will increase and may exceed the percentage allocation of the basket. In this case, a portfolio rebalancing operation will be triggered. This operation will sell or buy cryptocurrencies to rebalance the portfolio.

Therefore, if a cryptocurrency in your basket has increased by 50%, during rebalancing you will cash in the profit and reinvest it automatically in other cryptocurrencies in the basket.

You even have the option to use multiple baskets to invest in different themes simultaneously. It can help you reduce risk even more and allow you to capitalize on market variations.

Can I test crypto baskets with virtual money first?​

Yes, with OctoBot cloud, you can test any crypto basket for free with virtual money. Using virtual money allows you to understand how baskets work and to check their performance before switching to real money.

Who creates these crypto baskets?​

Crypto baskets on OctoBot cloud are mainly created using Coingecko's categories, a platform that ranks different cryptocurrencies and exchanges. We also use the market capitalization ranking provided by Coingecko to offer other types of baskets.

For example, we have baskets composed of the three largest market capitalizations. It allows you to invest in these three cryptocurrencies simultaneously and benefit from their price fluctuations.

You can explore some of our baskets on the crypto baskets page.

How are they updated?​

Crypto baskets on OctoBot cloud are automatically updated regularly to follow market changes. The frequency may vary from one basket to another.

When your crypto portfolio deviates too much from the chosen basket's distribution, OctoBot automatically rebalances it to maintain the same distribution as the basket.

How can I invest with a crypto basket?​

With OctoBot cloud, you can invest for free (with a 14-day trial period) in any crypto basket by following these steps:

1. Create an account or log in to your OctoBot cloud account
2. Follow the introduction or go to the strategy explorer to choose the theme of your crypto basket
3. Select a virtual money or a real money account (to use real money, you'll need to connect your exchange account)
4. Launch your OctoBot to start investing

Can I create my own basket?​

Yes, you can create your own basket with OctoBot cloud's Pro plan. This plan allows you to customize an existing basket or create your very own basket with the distribution you want. Warning: if you use custom baskets, you won't benefit from automatic updates of the basket you customized.

No more spending hours choosing the best cryptocurrencies. With crypto baskets, investing becomes simpler and more efficient.

Following the launch of the Investor Plus plan, we are very pleased to announce the launch of the new Pro plan.

What is in the Pro plan ?​

The Pro plan gives you access to the full power of OctoBot cloud.

It naturally includes everything from the Investor and Investor Plus plan plans, which means :

• Investing on all supported exchanges
• Access to all preconfigured strategies and crypto baskets
• Up to 10 real or paper trading OctoBots
• Bespoke email news recaps (coming soon)

With the Pro plan, you also benefit from :

• OctoBot fine-tuning to change the way your OctoBots are investing
• Manually create orders from your OctoBots
• TradingView strategies automation
• Custom crypto baskets (coming soon)
• Up to 20 real or paper trading OctoBots
• Priority support

Switch to Pro

Fine tune your OctoBots​

Using the Pro plan enables you to change the way any of your OctoBots buy and sell their crypto.

Manually create orders from your OctoBots​

Make your OctoBots buy or sell their crypto

With the Pro plan, you can from any OctoBot: - Easily trade directly by yourself on your exchange or your risk-free paper trading account - Create any kind of buy or sell orders at any time - Rebalance your portfolio - Exclude a part of your funds from your trading strategies

Make your OctoBots trade your way​

You would prefer an OctoBot cloud strategy to buy or sell differently ?

With the Pro plan, all your OctoBots can: - Cancel any OctoBot cloud or TradingView strategy order - Replace existing orders by your own

Follow your OctoBots' activity​

Profit from a clear history of trades, automations and cancel commands that happened with your Octobot.

Learn more on OctoBot fine-tuning on the Investor guide.

TradingView automation with OctoBots​

What would be the best way for most crypto investors to create their investment strategies?

At OctoBot cloud, we spent a lot of time thinking about how to offer customizable strategies in the simplest way possible. While the preconfigured OctoBot cloud strategies are and will remain available for free, it's important for us to enable crypto investors to invest with OctoBot cloud according to their own ideas.

When thinking about the different possibilities, we realized that what is important for crypto investors when creating an investment strategy is that it should be:

• Clear and appealing: Using a graphical tool to create a strategy and not requiring any coding skill.
• Adapting to the investor level of expertise: We want OctoBot cloud to enable the best strategies for you as an investor. It is important that OctoBot adapts to the knowledge of its users.
• Simple to follow and monitor: It is necessary to always know what trades are open and what were the previous activities.

After testing a lot of possibilities, we realized that integrating TradingView is by far the best option as it is:

• Very well known: most crypto investors know how to use TradingView and use it on a regular basis
• All about visualizing: TradingView enables to visually analyse prices and use indicators and Pine Script strategies
• Extendable : TradingView can be easily and securely connected to other services such as OctoBot cloud.

So we decided to integrate TradingView strategies into OctoBot cloud following those principles. You can now easily automate your own investment strategies using TradingView and OctoBot.

Create your strategy on TradingView​

With TradingView, it is easy to create automated alerts based on either:

• Price events, for example "BTC crosses $50 000"
• Any technical indicator (free or paid), such as "RSI is higher than 80" or "the 9 days moving average just crossed the 21 days moving average"
• Pine Script strategies, which are integrated TradingView strategies that can be optimized using backtesting and visually drawn directly on charts.

Let's take an example with an Exponential Moving Averages (or EMA) based strategy. The concept is to buy and sell when the 9 and 21 candles EMA are crossing each other.

The TradingView strategy looks like this: it just takes 2 regular EMA indicators ...

... with 2 alerts: a BUY and a SELL.

This is 100% of the configuration of this TradingView Strategy. Pretty simple !
Learn more on how to automate TradingView alerts from price events, indicators or Pine Script strategies on our TradingView alerts automation guide.

The next step is to make the strategy create orders on real crypto exchanges to turn it into a fully functional automated investment strategy.

Automating trades from TradingView​

To turn TradingView alerts into trades, we created a new system called Automations that goes in pair with TradingView OctoBots: an automation is an action such as creating or cancelling orders. Automations can be bound to TradingView alerts to easily automate every aspect of your TradingView strategy trades on exchanges.

Going back to the EMA strategy we just created on TradingView, here is what it looks like on the OctoBot side.

You might have noticed the automation identifiers in the Message section of the BUY and SELL alerts on TradingView, they are used to tell OctoBot which automation to trigger when the alert is received: 5a6e0e4d-4c8a-4212-881c-3174cd322002 is Buy BTC - 50% USDT and b1791518-b92c-4dc7-8dc1-4905bcaf3165 is Sell BTC - 100%.

The main advantage of this approach is that it is very simple and powerful at the same time: you create your TradingView strategy and then just attach automations to your OctoBot.
Moreover, automations are easy to configure and unlimited: you can make a TradingView OctoBot with very simple buy and sell automations or use an advanced set of automations to invest with multiple coins and different settings if you want to.

Are you wondering how to use TradingView OctoBots ? Check out our TradingView trading tutorial.

Multiple order types​

Automations allow you to further optimize your entry and exit prices by leveraging limit orders using a fixed or relative price.

Profit from orders fine-tuning to easily check, cancel or replace any order created from your TradingView automations.

Advanced order amounts​

Optimize single and multi-coin TradingView strategies by accurately configuring your TradingView automation order amounts.

Configure your automation order amounts according to:

• A percent of your portfolio funds
• A given amount of the traded coin
• A specific amount of USDT or any quote currency of your traded pair

Learn more on TradingView OctoBots automations on the automations guide.

Switch to Pro

Configurable Crypto Baskets​

Configure the content of your crypto baskets directly from your OctoBot.

• Add cryptocurrencies to your baskets.
• Remove cryptocurrencies from your baskets.
• Configure the ratio of each crypto within your baskets.

Priority support​

If you have any questions regarding OctoBot, the investment strategies, TradingView strategies or anything else, it will be our priority to bring you assistance.

In december, we announced the official support of BingX in OctoBot, BingX is now also supported on OctoBot cloud strategies.

Today, we are glad to announce that starting from the 28th of February till the 18th of March, BingX will be hosting a special event for OctoBot users with up to 1000 USDT to win !

How the Wheel of Fortune works​

After creating your BingX account (if you don't have one already) and registering on the BingX Wheel of Fortune event, you will earn draws by simply trading on BingX using any of:

• BingX pre-configured strategies on OctoBot cloud.
• The new TradingView OctoBots from OctoBot cloud to simply automate trades using price events, indicators or Pine Script strategies directly from TradingView.
• Your own OctoBot strategy using cloud or self hosted OctoBot trading bots.

Note: paper trading bots using simulated money are not counted in generating draws, trades must happen on your BingX account.

Every OctoBot user can win​

This is the great point of the event:

• Everyone trading using Octobot on BingX will earn draws.
• Each draw carries an equal chance to instantly win up to 1000 USDT.

It means that there is no need to be the trader with the largest trading volume or the best PNL to be eligible for rewards.

OctoBot is designed to help the most people automating their investment startegies and the same goes for the BingX Wheel of Fortune: it is also profiting everyone.

We can't wait to know the rewards you will win on BingX with this event, join the OctoBot OctoBot Telegram group to tell us what you earned !

Earn more by spreading the word​

Your might have friends who would like to easily follow pre-configured investment strategies, automate they trading using TradingView or create their own trading bot.

We believe this BingX event to be a great time to tell your friends about OctoBot as they might the among the lucky winners of the event ! And it won't reduce your own chances to win either.

Also, did you know that OctoBot has a referral program ? When your friends sign up using your OctoBot referral link:

• They get a $5 discount on the subscription of their choice.
• You receive 25% of their subscription fees as well as a part of the trading fees OctoBot cloud receives from partner exchanges on their real trading OctoBot.

Get your referral link on your referral dashboard.