When comparing Cryptotrader vs HaasBot, the Slant community recommends HaasBot for most people. In the question“What are the best trading bots for cryptocurrency?” HaasBot is ranked 10th while Cryptotrader is ranked 12th. The most important reason people chose HaasBot is:
Technical indicators are statistical analysis tools that help traders find "low risk-high reward" trade setups. You can program the bots to use several technical indicators, including RSI, MACD, Fib retracements, etc.
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Pros
Pro API keys do not need deposit/withdrawal permissions
API keys are the "keys" to access your trading exchange account with a 3rd party app. If an app has withdrawal permissions, it can theoretically steal your crypto. This bot does not need such permissions to work, thus it can lose money if not configured properly, but it can't steal your money.
Pro It alerts you to trades no matter where you are
It can send instant email alerts and SMS notifications to you so that you can be on top of things even when you are far away from your computer.
Pro It supports backtesting
Backtesting is basically running a set of rules on past market data and see how would the bot have performed during that period. With good projection, an experienced trader can always find similar market conditions to the current ones in past data and then carry out that winning strategy on to the future.
Pro Strategy marketplace
Once you've tweaked your trading strategy to the max, you can lend your best template settings and technical strategies to other users, for profit.
Pro All major crypto exchanges are supported
You will have a hard time finding an exchange that is not supported for backtesting or live trading.
Pro It can use technical indicators
Technical indicators are statistical analysis tools that help traders find "low risk-high reward" trade setups.
You can program the bots to use several technical indicators, including RSI, MACD, Fib retracements, etc.
Pro It supports all major exchanges
They also keep adding new ones regularly.
Pro No hidden fees
There are no extra fees for the number of orders placed, and they don't take a percentage of your profits.
Pro It has software safeties and insurances functions in place
You can use proprietary automated safeties and insurances to protect your capital.
Pro Advanced notifications and reporting
It can send messages to your Telegram to notify you of profits, losses, and keep you updated on market data.
Pro It supports backtesting
Backtesting is basically running a set of rules on past market data and see how would the bot have performed during that period. With good projection, an experienced trader can always find similar market conditions to the current ones in past data and then carry out that winning strategy on to the future.
Pro Most popular bot
It is the most popular and trusted bot, with thousands of users and several reviews.
Cons
Con Not beginner friendly
It requires some coding skills to tweak the strategy of your selected bot to your needs. It is not a turn-key solution.
Con It is not a bot but a platform to run bots on
With cryptotrader you are actually renting a cloud service for hosting bots, and then you need to rent the bot you are going to use, which can add up to your cost.
Con Expensive
The plan that allows access to all the functions and instruments an intermediate trader would use is pricey, at 0.0111 BTC ($42.17 in 04/JAN/2019), and it would be even pricier if BTC goes up.
Con Monthly fees based on bitcoin pricing
If the price of bitcoin goes up too much, you may end up paying thousands of dollars for your subscription.
Con Not beginner friendly
Even their "beginner" plan is oriented towards intermediate traders who know what they are doing.
Con Expensive
It is really expensive for beginners, since the cheapest plan is 0.12 BTC (which as of 04/JAN/2019 is $455.48, and that will only get more expensive if bitcoin goes up).
Con It is not a bot, but a trading bot platform
This is a trading bot platform (to load bots onto it), not a bot by itself, and if the software company developing those bots decides to close, you are left without your money making tools.