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Add to SafariWhen comparing HaasBot vs Superalgos, the Slant community recommends Superalgos for most people. In the question“What are the best trading bots for cryptocurrency?” Superalgos is ranked 5th while HaasBot is ranked 10th. The most important reason people chose Superalgos is:
Superalgos states that it is totally free, and it is, and will always be.
Specs
Question Ranking
Pros
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.
Pro Totally free and open source
Superalgos states that it is totally free, and it is, and will always be.
Pro Community based development
The community itself are the ones who develops this bot - so anyone who is able to develop can push things forward.
Pro Visual UI and visual charts/debugging
You are able to actually see charts and have results visualized.
Pro Earning Tokens while contributing to the Project
The project just launched their first "Alpha" version, but is still in active development. All contributions count and by contributing you can take part in the monthly SA Token Distribution, and it seems there is a lot of new features coming.
Pro Your keys are your own
As you have your bot on your own device, you are the one in charge of everything and do not have to rely on any third party.
Pro Efficient
Cons
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.
