A bitcoin robot is a tool that makes the buying and selling decisions on behalf of the trader and executes trades accordingly. Bitcoin robots have a much higher accuracy than humans, which means that they are more likely to make winning trades and generate profits in both rising and falling crypto markets. However, as more robots have cropped up over the years, so have scam products which have stolen people out of their money, taking advantage of the unregulated market.

In this guide, we have put them to the test and have discovered which ones appear legit, and the scams that you should steer clear from. Read on to find a legit bitcoin robot today. A Bitcoin robot is an auto-trading software that use complex algorithms and mechanisms to scan the Bitcoin markets, read signals and make decisions on which trades to place in order to provide profit.

As a robot, they are far more effective than humans because they are able to scan all information available on a particular cryptocoin in this instance Bitcoin , and execute trades, all in a matter of seconds. These signals are what allows the robot to be seconds ahead of the market, which means that you will be able to make bigger profits than everyone else. One of such robots is the popular Bitcoin Revolution robot, which boasts an incredible win rate of Understanding the advantages and downfalls of automatic trading are quintessential in extracting the best out of these tools.

While robots have some similarities with humans, they differ greatly which can make them both more accurate and more risky. Today, there are hundreds if not thousands of bitcoin robot offerings advertised on the web.

While the concept behind a bitcoin robot is legitimate, not all bitcoin robots are worth their salt and some are verified scams! InsideBitcoins aim is to separate the wheat from the chaff through comprehensive and unbiased reviews. Our list below shows the best bitcoin robot systems, ranked by rating. If you want to find out how to sign up and start trading to a robot now, skip to how to sign up to a bitcoin robot section.

To help you get started in the world of automated trading, we've tested a variety of robots. We have classified them from outstanding robots to average robots, and finally robot scams. We found the following robots to be free to use,and capable of trading well if used correctly. Their software has been tested and we confirm that they are active and fully working with a demo account. Bitcoin Millionaire Pro.

Bitcoin Aussie System. Investing with any autotrading robot requires caution. Only invest money that you are willing to lose. And, finally, we found the following robots to be scams. These robots should be avoided as they are high risk and you can end up losing your capital if you decide to trade with them.

To find out why they are scams, you can read our reviews by clicking on the hyperlinks. Semantic Investment app. Automated Crypto System. Bitcoin South African System.

There are also some proprietary bots that there's no information for online before users commit to making a minimum deposit, and no trial version, for example:. Signing up and trading on a bitcoin robot is pretty straightforward. For this tutorial we will be using Bitcoin Code as an example as in general, the process is similar on most bitcoin robots. The robot was founded by Steve McKay, a software engineer with over ten years of experience making trading robots.

Bitcoin Code relies on sophisticated computer algorithms to analyze tradable data in the crypto markets and make investment decisions.

This automated trading tool is said to have a success rate of InsideBitcoins has determined that there is an element of risk in this trading tool which means that traders should monitor their accounts at least 20 minutes per day.

Most Bitcoin Robots have testimonials and promises on their front page. This is the number one cause of alarm for traders wary of scammers. While it is true that some bitcoin robots have exaggerated testimonials and promises, it does not necessarily mean that they are a scam. InsideBitcoins reviews present an evidence-based approach to help you get the true picture of what to expect with some of these crypto-traders. In this age of internet fraud and personal data theft, it is important to ensure that all online registrations are secure.

InsideBitcoins analyzes every robo-trader registration process to determine how seriously they take users online security. A secure robo-trader should have an SSL secured website, proper password policy and also a secured database.

The registration process should also correct relevant data only and should give users an option to opt in or out of unsolicited emails.

Most legitimate robo-traders require the usernames and email only and do not store sensitive billing information. Another important thing to pay attention to is how easy the registration process is. A good Bitcoin robot should not complicate the registration process with unnecessary verification requirements. Traders should be able to open an account and start trading within a short timeframe preferably less than three minutes.

Once you have registered, you need to get a feel of the trading platform before going live. The best way to do this is through a demo account. A legitimate bitcoin robot will provide a demo trading tool, but it is not unexpected to find some without.

Those with demo accounts also provide backtesting data to demonstrate how the robot works in live trading. It is important to note that the results obtained in the demo account do not fully represent what you will get in a live account. InsideBitcoins recommends that all beginner traders start with not more than the minimum investment required and only add capital once they are comfortable with their robo-trader.

Most bitcoin robot providers will require you to deposit a minimum capital of USD or EUR to access their trading tools including the demo trader. The best robo-traders accept multiple deposit methods including MasterCard, Visa, Wire Transfer, Ok Pay, Skrill, Neteller, Qiwi and others. Also, deposits and withdrawals should be processed within 24 hours and should not incur any charges.

All you must do after having deposited is activate the auto-trading function and that's it! You can forget about it for a few days and you should come back to a nice profit. Don't be discouraged if you don't see profits straight away - the crypto markets have high volatility but overall, you should be in the profit! Click here to try the most popular bitcoin robot, Bitcoin Code , for yourself, or click below to try the most profitable robot, Bitcoin Prime.

Robo-trading has been around for the last ten years in forex and stock day trading. However, for the crypto industry, this method seems to have gained popularity in the last two to three years.

In general, robo-trading involves the application of sophisticated computer algorithms to analyze investment data and make trading decisions. The analysis happens supersonically to ensure that trades are placed before the markets adjust to new information. The technology behind a bitcoin robot makes it possible for users to see the logic behind their profits or losses. These tools rely on computer algorithms coded using the trading strategies of the world best crypto traders to scan the bitcoin markets data and execute trades basing on this data.

Some of the best trading robots in the forex and stock market can capture valuable information such as breaking news and make corresponding trades. When a trader earns profits, it is possible to tell how they did it since the algorithms can show the analyzed data and the corresponding investment decision.

Market data analysis happens super-fast which makes it possible to make money even on the slightest prices movements. This explains why it is possible to make money with this robot in both rising and falling crypto prices. Other trading robots depend on forex signal s, stock signals or crypto signals from industry gurus. These tools copy the trading strategies of the identified experts and execute them in the users account in a method known as social copy trading.

Crypto robots apply similar algorithms to analyze cryptocurrency market big data and make investment decisions. Some of the best industry players are based on advanced technologies in Artificial Intelligence and Machine Learning. Such robots are likely to make more accurate decisions than their counterparts. Algo trading can be identified as a mathematical formula of a predetermined trading strategy.

In AI and ML-based algorithms, the mathematical formula keeps improving as it is subjected to more market data. In other words, the more it trades, the more accurate it becomes. However, the returns depend on the invested capital. InsideBitcoins cannot guarantee the truthfulness of these claims, but it appears that most traders who have tried them are happy with the outcome.

Fintech Limited is another popular bitcoin robot claiming to make overnight millionaires out of ordinary people through crypto-trading. Fintech Limited categorically states that individual profits depend on their invested capital. The more the invested capital, the higher the returns.

A trading algorithm can be identified as a mathematical formula of a predetermined trading strategy. BTC robots are fully customized for bitcoin and other crypto trading. As mentioned earlier, these tools come fully equipped for crypto trading but do not support other assets trading. With BTC robots, you can trade either manually or automatically. Manual trading involves the robot doing the market analysis and the trader manually placing trades based on the robot research. Automated trading, on the other hand, involves the bot conducting market research and placing corresponding trades.

Most trading robots offer both manual and automated trading options. In manual trading, the robot does the market analysis and recommends investment strategies, but it is for the trader to decide whether to implement them. Automated trading, on the other hand, involves the robot carrying out investment research and automatically executing trades basing on this research.

While manual trading requires constant monitoring, automated trading does not. In fact, most automated accounts require less than 20 minutes of monitoring per day. Either way, InsideBitcoins recommends that you schedule trading sessions and close all your trades after these sessions. Remember that bitcoin robots are not without risk which means that you may find yourself experiencing huge losses if you are not monitoring your account regularly.

The most advanced algorithmic auto-trading software, trusted by the top stocks and crypto traders worldwide. Trading is fun, frustrating, relaxed, stressful and manic all rolled in to just an hour! With natural human flaws we all possess, such as lack of patience, or a reliance on emotions - trading is also risky for anyone not fully versed in this world, which can lead to big mistakes that affect your profits.

The automated trading software will trade on your behalf, against any volatility to gain profits. You can see the software making trades automatically and have access to the accumulating profits each day.

There's nothing you can't like about it. This is trading on over-drive. The RSI oscillates between 0 and and is considered overbought when it is higher than 70, and oversold when it is lower than However, in strong trends, which are very common in cryptocurrencies, the RSI may remain overbought or oversold for long periods of time. The period in which this indicator is used is 14; being 14 weeks on a weekly chart and 14 hours on an hourly chart. The Moving Average Convergence Divergence MACD Indicator is a top of the line trading indicator used in the technical analysis of various financial instruments including cryptocurrencies.

The MACD indicator utilizes both trend following and momentum indicators by showing the relationship between two different price averages. It does this by calculating the longer moving average and subtracting it by the calculated shorter moving average. These moving averages oscillate above and below the zero line resulting in the converging, crossing, and diverging of moving averages. The theory behind this technical indicator is that in a market trending upwards, the price will close near the high each day, and for a market trending downwards, the price will close near the low each day.

The period of time the STOCH indicator is calculated in is typically 14 days. The Commodity Channel Index CCI is a technical indicator used to spot trend changes in the market. Despite the name, the CCI indicator can be used in multiple markets, not just in commodities.

com has three profitable money management trading methods which you can set:. Trend trading is conducted through extensive technical analysis which includes the analysis of both chart patterns and technical indicators.

When a trend is indicated, a trader is better able to forecast where the price is likely to move, and by how much it might move. However, determining trends through technical analysis is not the single indicator for future price movements.

Things like risk management and trading psychology must be taken into consideration as well. The Relative Strength Index RSI is an indicator that measures the speed and change of incremental price movements, while also determining when an asset is overbought or indeed oversold. The RSI oscillates between 0 and and is considered overbought when it is higher than 70, and oversold when it is lower than However, in strong trends, which are very common in cryptocurrencies, the RSI may remain overbought or oversold for long periods of time.

The period in which this indicator is used is 14; being 14 weeks on a weekly chart and 14 hours on an hourly chart. The Moving Average Convergence Divergence MACD Indicator is a top of the line trading indicator used in the technical analysis of various financial instruments including cryptocurrencies.

The MACD indicator utilizes both trend following and momentum indicators by showing the relationship between two different price averages.

It does this by calculating the longer moving average and subtracting it by the calculated shorter moving average. These moving averages oscillate above and below the zero line resulting in the converging, crossing, and diverging of moving averages. The theory behind this technical indicator is that in a market trending upwards, the price will close near the high each day, and for a market trending downwards, the price will close near the low each day. The period of time the STOCH indicator is calculated in is typically 14 days.

The Commodity Channel Index CCI is a technical indicator used to spot trend changes in the market. Despite the name, the CCI indicator can be used in multiple markets, not just in commodities.

The indicator works by comparing the current price to the average price over a determined period of time. The indicator can be positive or negative as the price fluctuates above or below the zero line. The CCI indicator was initially developed for long term trend changes, but can be used for a variety of time frames including monthly charts, weekly charts, hourly and even minute charts. Create Your Free Account In 3 Easy Steps. Compatible Brokers Our Crypto Robot Has Partnered With These Brokers.

Read Review. Crypto Trading Methods Multiple Money Management Methods CryptoRobot. Martingale Method Faster Profits. Fibonacci Method Accurate. Crypto Trading Indicators Select From Multiple Indicators. Trend Indicator. RSI Indicator. Williams Indicator.

MACD Indicator. Stoch Indicator. CCI Indicator.

Visit Crypto Rocket Now. The registration process should also correct relevant data only and should give users an option to opt in or out of unsolicited emails. Once again, this can be done far faster than a human trader is capable of it which means less chance of missing optimum entry points. Top Robots Top-Rated Top Forex Robots Top Forex Signals Top Forex Brokers Copy Trading Platforms Crypto Trading Platforms Algo Trading Strategies Reviews Forex Robots Forex Signals Copy Trading Platforms Forex Brokers Forex Guides Forex Education Forex Strategies Forex Trading Tips Crypto Guides Automated Trading. For good traders it lets relax more, using combined strategies of robots and trader to get better results with same amount of spent time.

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