Best alternative trading bot for Shrimpy - 2024
Looking to replace your trading bot at Shrimpy or just try a new one on the side? We selected our top 3 alternative trading bots for Shrimpy. During our research we check the trading bots on three different criteria, easy to use, advanced settings and testruns.
Good to know: A trading bot can never replace manual trades and human learning insights, although a trading bot doesn't require sleep and has no emotional involvement in any trade made. Trading bot can make your life easier when is setup and tested properly.
Our best alternatives for Shrimpy
Shrimpy alternative 3commas:
3commas is crypto trading bot that is founded in 2017 in Estonia and operating all over the world. 3commas has developed a powerful crypto trading tool with the intention of upsetting the traditional traders and tools
Start today with 3Commas crypto automation
The amount of platforms that are supported is astounding. This aspect also suggests that there are more arbitrage opportunities because there are a lot platforms that there is a high chance of finding a significant price differential between them. With a trading volume over 22 billion every month 3commas has huge impact.
So 3commas is a cryptocurrency trading exchange that also offers portfolio management, arbitrage, trading signals, and bots - a comprehensive range of cryptocurrency services that can be handled from a single dashboard.
3commas offers a set of automations that ar easy to setup. Also portfolio management and copy trading are developed on the 3commas platform.
Below the most used features of 3commas
- Concurrent Take Profit and Stop Loss
Deal closes when the indicated price is reached, or the deal closes when the price drops at or below the indicated value.
- Stop Loss timeout
Take Profit and Stop Loss Trailing feature Automated value adjustments as coin prices rise. Take Profit and Stop Loss points can automatically set to increase if a coin rises.
- Sell by multiple targets
Sell your coins by multiple targets. Sell 50% your coins for $2,000, then 30% for $2,500, and whats left for $3,500.
- Smart Cover
Accrue additional profit with unexpected market moves. Sell and buy back coins.
- Charts and Signals from Trading
View. View concurrent currency rate charts and TradingView signals in a single window.
- Single-pair bot
Runs one trading pair
- Multi-pair bot
Multiple pairs trading
- Long algorithm
Bot buys a coin with settings you build. Next, orders for sale are placed at a higher price. For example, buys it for $10 and sells it for $11.
- Short algorithm
Bot sells a coin after you create settings, and then set a buy order at a lower price. For example, sells it for $10 and buys it for $9.
- Deal Close Signals
Bot trades according to Trading View signals: RSI - 7; ULT - 7-14-29; TA Presets; CQS Scalping; Trading View custom signals. You can set a deal start condition manually and open trade asap.
- Analyze and copy bots
Bots can analyze performance, view and copy other bot settings on the 3Commas platform
- Portfolio creation
Simple create portfolios with any coin amounts
- Portfolio balancing
Balance your portfolio by maintaining coin ratios so you will always have thee stack you want divided by the coins
- View & social platform
Check trade incomes of other users of the platform anonymously
- Copy trading & social trading
Watch other traders and copy their setup bot. This way you can learn quickly and avoid mistakees they have made before.
3commas offers papertesting, this way you can test a certain period if your bot setup is doing what you expected before you go LIVE for real.
What is you holding back? Start today with 3Commas crypto automation
Also 3commas has great (video) content available to learn before you start trading for real. Their team is updating their content and shares new updates about new features and functionality
Shrimpy alternative Cryptohopper:
Cryptohopper is a popular cryptocurrency trading bot with a number of unique and intriguing options, such as cloud trading, broad social trading possibilities, and a wide range of exchanges to trade on. Stop losses and tail stops are extremely helpful in this situation, as they greatly aid risk management.
This is likely one of the best crypto trading bots available, as evidenced by its big client base (over 150k users) and signal marketplace.
Mirror trading, paper trading, trading methods creator (simple drag and drop design), automated trading, and trailing stop loss are just some of the options included in Cryptohopper.Start now with Cryptohopper
Videos about Cryptohopper
New to crypto trading bots?
Advantages of using a trading bot
People have a limit on how much information they can handle at once, but robots do not. Sure, a person can look at several charts, absorb the data, and make an informed choice on what to do next.
However, human mistakes do occur, and one can only be vigilant for so long. Bots don't get bored of making exceptional judgments based on the information they're given.
What's more intriguing is that crypto trading bots would never experience fear of missing out or be concerned about losing a great deal. Bots lack emotions and will not make bad judgments as a result of them. Trading bots, on the other hand, will always focus on making the best option feasible.
Disadvantages using a trading bot
It's hard to teach trading bots to consistently perform the way they should in a trade since the crypto market is so unpredictable. A severe market crash or a circumstance that a robot hasn't been designed for might cause it to make the wrong decision, putting your wealth at danger.
Furthermore, crypto trading bots aren't typically employed to generate big amounts of money. They're instead employed to make a series of lesser profits. After all, putting your whole portfolio in the hands of a robot is never a wise thing to do.
Alternative trading bots for Shrimpy