Best Crypto Trading Bots guide for beginners in Brazil

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Beginnerguide trading bots 2024

How to start with crypto trading bots from Brazil

NOTE: cryptobots can be overwhelming at start, but the good cryptobots have great testing tools available so you can test your setup against historical data or test your setup on the current market. No need to worry, start and test YOUR bots till YOU think its time to go LIVE.

Cryptocurrencies are notable for their huge volatility, with values fluctuating dramatically even within minutes. In many circumstances, investors are unable to respond quick enough to price movements to make the best investments. Also investors from Brazil How to start with crypto trading bot from Brazil are unable to devote as much time to the cryptocurrency markets as is required to consistently make the best investments.

This would need 24-hour observation of crypto platforms all around the globe. This is where cryptocurrency trading bots come into play. They are nothing more than automated trading and transaction execution platforms that work on behalf of human investors.

The transparent beginnerguide below will introduce you to the topic of choosing the best crypto trading bots in 2022. We've selected a couple of trading bots that you can simply manage from Brazil and will work with the most popular crypto exchanges.

Our TOP 3 Crypto Trading Bots for Brazil

Click here to start your crypto trading bot today!
Shrimpy crypto trading bot
3commas crypto trading bot
Cryptohopper crypto trading bot

What you will learn in this beginner article

In this guide, you will learn everything you need to start trading cryptocurrencies with trading bots from Brazil. Once you end reading our guide, you will have all the background info on buying and selling digital assets with the help of best trading bots available in the market. There’s a lot to cover in this step by step guide, so let’s dive right in

Index of headings

What are crypto trading bots?

Crypto trading bots are self-contained software programs that automate all manual steps involved in trading. Because the crypto market is open 24-7, a crypto trading bot may let you generate money while you sleep.

Every second, the program works nonstop to profit from crypto market volatility. Panic selling and greed purchasing are only two examples of how a winning deal may turn into a loss. These trading bots are intended to be dispassionate, removing the biases and emotional dangers that come with personal trading.

You might profit in both bull and bear markets, depending on your crypto trading bots and strategy.

How do crypto trading bots work? And do they actually work?

Yes, they do work, in a nutshell. The longer answer is that there are many different ways to build and setup trading bots that can do a variety of tasks for both rookie and experienced traders.

Access to the wallet and platform you wish it to trade on is required for automated crypto trading bots. This entails using the bot's API key to connect it to your preferred platform.

Crypto trading bots use market performance and the possible risk of a trade to make judgments. Unless you instruct it differently, it will execute on low-risk transactions and avoid high-risk choices.

Types of crypto trading bots

There are a few different types of crypto trading bots. Let’s go over them.


Arbitrage trading algorithms compare prices on multiple cryptocurrency exchanges and trade between them to make money. While the price differences are only a few hundred dollars at most, repeating the process several times might result in a significant profit.

Market making

Market making bots, on the other hand, make buy and sell orders on a regular basis in order to profit from the spread. The spread is the difference between the highest bid and the lowest offer on a coin.

As a result, a market creating bot will repeatedly acquire a low-priced coin and sell it to a higher bidder.

Crypto trading bot strategies

The current crypto bot tactics need quick order placement, which is something that humans cannot always do. They also necessitate instantaneous calculation of numbers, which is why they are excellent for cryptocurrency trading.

Grid Trading

To conduct a large number of minor transactions, this crypto trading method employs stop buy and stop sell orders. It also sets a stop loss and a profit target ahead of time. However, one of its most valuable options is that it can assist traders in predicting whether the crypto market will go up or down.

The drawback of this method is that it increases the risk of human mistake. This is due to the fact that traders must setup many deals at once. Cryptocurrency trading bot tactics come to the rescue in this situation. They have the capability to manage a large number of deals at the same time.

Signal Trading

To find a solid entry point, this trading tactic employs a number of technical indicators. EMAs, MACD, RSI, and other indicators are among them. The RSI is likely the most widely used indicator. In a sense, it examines the market's sentiment. When it reaches a value of more than 70, it usually indicates that a digital currency is overbought, indicating that a pullback is on the way.

When the value falls below 30, however, it indicates that the cryptocurrency has been oversold, indicating that a bounce is probably coming.

Exponential moving averages (EMAs) are not the same as the Relative Strength Index (RSI). Crypto traders normally need to utilize at least two EMAs to produce the moving average convergence divergence.


This is ine of the simplest crypto trading bot methods. This is a purchase low, sell high trading technique, as the name implies. To use this method, traders must water quick place a buy order followed by a sell order with a bigger proportion in order to take profit. When the sell order is filled, traders must immediately place a smaller proportion buy order.

They can keep playing ping-pong for as long as they wish. This is the best trading bot approach. They may compute whichever percentage trades desire to generate and place all orders in real time. Furthermore, traders have the option of leaving the trading bots do their work indefinitely.

Bollinger Bands

Traders can use Bollinger bands as standalone tool but they are often used in conjunction with other technical indicators. They are narrow when the market is trading in a range and broad when the market is turbulent. In the crypto market, this trading method is quite effective.

The market will be trading sideways to see whether a tremendous move is on the way. This isn't always the case in traditional stocks. This is due to the fact that equities can move sideways for years.

Breakout Strategy

This trading method employs a well-defined level that many traders employ in order to increase the likelihood of a large continuation and a good entrance. It takes use of the motion of a coin and is quite simple to comprehend. Traders must first select support and resistance levels before placing their sell or buy orders.

Advantages of using a trading bot

People have a limit on how much information they can process at once, but robots do not. Sure, a person can look at several charts, absorb the numbers, 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 interesting 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 poor 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 risk.

Furthermore, crypto trading bots aren't typically employed to generate huge sums 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 smart idea.

How to test crypto trading bot

Backtesting crypto trading bot

Most bots are built on the foundation of backtesting. Before you send your bot to a cryptocurrency exchange, you can complete this step.

Backtesting your bot against the previous couple months or a year is an excellent place to begin. After the backtest is completed, you will receive the findings, which will include all of the necessary information to decide whether the crypto bot is performing as you like (e.g. total return, maximum drawdown, number of trades executed, etc.).

Paper-testing crypto trading bot

Paper trading gives you the option to trade with simulated crypto using real-world exchange data. This manner, you can get a feel for the exchange without putting yourself at danger.

How to setup a crypto trading bot from Brazil

Regardless of the language or framework chosen, a trading bot includes a couple key components.

  • Strategy implementation
    The code that implements the approach is only a little part of the full project. However, this is where you would define the logic and computations that decide when and in what amounts to trade.
  • Execution
    After you've decided on a plan, the following step is to put it into action. Consider it a link between your trading tactics and the platform you're using. This code converts your plan into API queries that are understandable by the platform.
  • Job scheduler
    Finally, you'll want to let your bot operate on its own. It is not a great idea to leave your computer on all day. You need to begin a server and set up a task scheduler for it to run.
  • Testing
    The best way to lose all of your cash is to use an algorithmic trading method blindly. You must backtest your approach against previous market data to check if it works.
  • Scaling
    You may construct as many bots as you like to scale your trades. On each freshly constructed bot, you can use a various strategy.

Our pick - Best crypto Trading Bots to use in Brazil in 2024

Best trading bots for Brazil

We will shift into the high gear and talk about the best crypto trading bots:

#1 Shrimpy (our recommendation)

Shrimpy crypto trading botShrimpy is a great portfolio management solution for the busy person. Shrimpy adapts ideas from smart investors outside of crypto to introduce simple automated strategies which can help decrease risk and increase returns. It even offers historical data, 7 day forecasting & social trading.

Start today with Shrimpy * our recommendation

Link multiple exchanges
Shrimpy has over 20 connections to crypto platforms, this way you're almost sure your crypto platform is ready to connect. (not yet active on a crypto exchange? Signup at Binance today) For all crypto platforms Shrimpy provides a tutorial page so its very easy to setup your accounts.

Manage your portfolios
Within the Shrimp dashboard you can manage multiple portfolio's. This way its easy to have several portfolios within one account. For example manual trading portfolio, investing portfolio and a trading bot portfolio. This way you can de-risk and have multiple strategies.

Portfolio Stop Loss
When the market crash, you want to be safe, also while having a nap. With the option Portfolio Stop Loss you can set a stop loss on your full portfolio. This way when a massive crash happens you can get out without being behind the screens.

Smart order routing
Smart Order Routing is a special tool designed by Shrimpy that searches on crypto exchanges and evaluates all trading pairs with coins. This way you can optimize trades by using the different pairs and use exchanges as a tool to move your assets around for the maximum profit.

Historical data
In the trading dashboard you can find historical price data, market cap information, and statistics through a simple asset. Also you can backtest your strategy and setup of your trading bot, this way you're able to make the best and accurate trading setup based on data.

7-day forecast
Within the Shrimpy account you can see a 7-day display price for every asset. This is automatically generated bij the Shrimpy machine learning models. These prices are updated every day and using the data of the last 90 days.

Copy (other) Top traders
Another huge benefit of Shrimpy is that you can copy other crypto traders. This way you can find top traders and (auto)copy their trades and strategies. The leaders (aka Top Traders) get paid per follower, so they benefit from doing well. This is a two way benefit as they will do their best to trade well and create a long term relationship. Besides, as a beginner you probably learn a lot from all strategies & trades made.

Large Shrimpy academy
As Shrimpy has agoodteam behind them. They offer a lot of value information and tutorials how to setup your trading bot and use all the tools within the crypto trading bot and platform.

Start now with crypto automation on Shrimpy platform

Shrimpy Trading Bot tutorial video's

#2 3commas:

3commas crypto trading bot 3commas is crypto trading bot that is founded in 2017 in Estonio and operating all over the world. 3commas has developed a strong crypto trading terminal with the intention of upsetting the traditional competitors.

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 exchanges 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 platform that also offers portfolio management, arbitrage, trading signals, and bots - a comprehensive range of cryptocurrency services that can be handled from one 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.

  • Testing
    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

#3 Cryptohopper:

Cryptohopper crypto trading botCryptohopper is a popular cryptocurrency trading bot with a number of unique and intriguing features, such as cloud trading, broad social trading possibilities, and a wide range of platforms to trade on. Stop losses and tail stops are extremely useful in this situation, as they greatly aid risk management.

This is likely one of the greatest crypto trading bots available, as evidenced by its tremendous 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 features included in Cryptohopper.

Start now with Cryptohopper

Videos about Cryptohopper

Explanation different automatic crypto trading bots

GRID Bot: When you need to profit from fluctuating marketplaces, grid bots are ideal. The procedure is straightforward. You must choose a range, and the bot will guarantee that you purchase low and sell high within that range.

Infinity Grids Bot: This bot is beneficial when you mess up the tending profit when there is a price pump. Although it operates in the same way as the GRID Bot, you'll note that it only takes a small fraction of the money.

Leveraged Grid Bot: The Leveraged Grid Bot has a lending function. This implies you'll be able to make more money off of your first investment. There's also the possibility of liquidation.

Margin Grid Bot: Using this bot, you may pick between LONG and SHORT with collateral that does not include the Grid Bot.

Reverse Grid Bot: By using this bot, you can significantly upgrade your quote amount. It will sell your cryptocurrencies at higher rates and purchase them back at lower rates.

Leveraged Reverse Grid Bot: This bot is a mixture of the Reverse Grid Bot with a crypto-loan feature. Leverage might also help you generate more cash.

DCA Bot: The Dollar-Cost Averaging bot provides a option that enables you to set the time frame of your plan and the bot helps you to DCS.

TTP Bot (Trailing Take Profit): When the market is volatile, you may use the TTP bot to scalp.

TWAP Bot: This bot assists you in selling bags in a timely manner.

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