The 7 Best Automated Trading Tools

  1. XBYToday
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    June 26, 2020 at 06:35
    About Automated Trading Tools
    The typical investor is more interested in trading cryptocurrency than keeping them in his or her wallet. Since trading in the crypto blockchain can be very complicated, investors frequently require automated tools, and the guidance to use them.

    Sorting out this complexity are experts from financial institutions that have developed ground-breaking crypto trading tools. The following are several well-known tools used by traders.

    CoinMarketCap is one of the better-known cryptocurrency trading tools. Designed to provide trusted data for the “cryptosphere”, its Application Programming Interface (API) runs in four top-level categories:

    • Price and volume data
    • Exchange data
    • Global metrics tools and data (including useful tools where currency-to-fiat price conversions can be made).

    CoinMarketCap runs simulations for beginning investors seeking to learn more about Backrest and strategic trading. It collects hundreds of data points from exchanges along with thousands of data points from coins. Investors can track up to five years of historical data.

    The CoinMarketCap dashboard provides traders with charts to help them manage their wallets. They can also compare how various exchanges and their coins perform, Finally, traders can build their own portfolio models and run trading simulations. Learn more at

    The Shrimpy provides a complete overview of the trade’s portfolio on a single dashboard. As a cryptocurrency trading tool, it not only creates a snapshot of the user’s exchange accounts, it also provides the trader with an opportunity to view them all at once. This gives investors the ability to track the performance of their portfolio as well as other digital assets simultaneously.

    Shrimpy also offers traders a community to socialize and share trading strategies (winning rewards in the process). Finally, Shrimpy helps investors optimize their portfolios with expert portfolio management strategies. The trading tool can be found at

    Coingecko is one of the largest and oldest crypto databanks for metrics, tracking some 3,300 tokes from more than 260 exchanges. Established in 2014, it features a dashboard to chart market volume, capitalization, and price of coins globally.

    Coingecko tracks major events and encourages open-source code development. The Coingecko team tells investors which coins to hold or invest using data about its global market capitalization. Users can check prices of coins, trade, volumes, community stats and view the global market. Check it out at

    Binance’s trading tool uses high-performance processing to execute some 1.4 million orders per second. It operates on 30+ exchanges and supports BTC, ETH, LTC, and BNB (among other coins). Binance’s dashboard provides a quick real-time view of gainers and losers. It can be viewed at

    The 3Commas trading tool allows users to select an exchange, select currency pairs, and then the number of units they seek to purchase. It supports 14 exchanges and offers traders the option to stop trading when their asset price falls below a certain point. It’s even programmed to use a trading Bot such as BitMEX.

    For the experienced trader, 3Commas can run technical analysis so as to fine-tune automatic trades. And as an incentive, it grants a 25 percent referral to any investor when their down line uses his or her referral link to make a deposit.

    CoinTracking uses a dashboard that provides investors with the data below:
    The total value of all coins.
    • Total value of all commodities.
    • Total value of all currencies.
    • Total account value.

    CoinTracking reports on trends for 6,536 coins and assets, including profits and losses, calculations on key indicators, realized and unrealized gains, plus all trades and fees.

    CoinTracking also includes tax reporting tools, such as calculating capital gains. In addition, new users can see how their coins trade in US dollars. Finally, a pictorial allows users to compare trades per exchange at Kraken, Bittrex, Poloniex, Coinbase, Bitstamp and HitBTC. To review it, click on

    Coinigy helps users monitor their account 24/7. It also hosts 45 of the world’s top exchanges in a single account. Conigy provides more than 75 technical indicators and direct trade charts. Price alerts can be sent to the investor’s phone, e-mails, and browsers. The Coinigy API works with apps and plugins that connect to an investor’s accounts.

    Their helpdesk provides built-in instructional materials and live chats to help traders improve their trading skills. Still, Coinigy is best suited to crypto investors seeking to become professional traders. Although the app is not free, users can start with a free trial at