Crypto trading bots have become an increasingly popular tool for experienced bitcoin traders who want to deploy automated bitcoin trading strategies. As a result, there are now over a dozentrading bots(with ranging subscription prices) that digital currency traders can use.
Fortunately, for traders who want to test out algorithmic trading before committing funds toward a specific bot, there are several free trading bots from which to choose. Heres an introduction to the most popular free, open-source bitcoin trading bots available in 2019.
To compile our list of the best free, open-source trading bots, we have used criteria such as launch year, the number of supported exchanges, and the size of their communities, among other factors.
Size of Community (Measured by Twitter Followers)
As one of the first free bitcoin trading bots in the market, Gekko has managed to establish itself as a popular option in the crypto trading bot market. The trading bot enables backtesting and live trading of a wide range of technical indicators across ten different digital asset exchanges. The bot can be installed on MacOS, Windows, and Linux, and comes with an easy-to-use interface.
ZenBot is another highly popular crypto trading bot that has been around for a while. ZenBot stands out from its peers for the high number of supported exchanges and its array of advanced features, which include paper trading to test strategies in real-time, configurable order types, and a flexible sample period and trade frequency.
Catalyst Crypto refers to itself as an algorithmic trading library for crypto-assets written in Python. Built by Engima, Catalyst enables trades to build, backtest, and execute trading strategies based on a range of technical indicators. Additionally, Catalyst provides a dashboard with a range of valuable metrics about each deployed strategy and allows users to share their data-driven trading strategies with others.
Built by CoinAlpha, Hummingbot is one of the latest additions to the crypto trading bot landscape. The bot enables traders to execute automated digital currency trading strategies on both centralized and decentralized exchanges.
FreqTrade is a new and lesser-known open-source crypto trading bot. Aside from the standard backtesting and live trading features that all crypto trading bots possess, FreqTrade also offers a number of interesting advanced features, including strategy optimization by machine learning, position sizing, and white/blacklisting of assets you want/do not want to trade. The bot can be used to trade on Binance and Bittrex.
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Alex Lielacher is a former bond trader who now writes about bitcoin and blockchain technology. He holds a degree in Investment & Financial Risk Management from Cass Business School in London and has been following bitcoin since 2011.
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