Software Technology Trading

July 28, 2024

Cyberbot: Best Crypto Trading Bot Review

Cyberbot crypto trading bot uses advanced algorithms to optimize trading times and strategies, enhancing trade safety and efficiency.
Designed for major crypto exchanges, bot trading crypto offers easy usability and profitable trading outcomes.

As the cryptocurrency market continues to grow and evolve at a rapid pace, automation is key to successful trading. Crypto trading bot helps traders reduce risk and maximize profits by significantly influencing this process. Among the many tools, Cyberbot stands out on the Cryptorobotics platform.

In this review, we will analyze the best crypto trading bot in the crypto market! We’ll discuss the advantages of a trading bot based on criteria such as price, ease of use, and exchange connectivity.

What is Cyberbot Crypto Trading Bot?

Cyberbot is an automated crypto trading bot developed on the Cryptorobotics platform. It is designed to perform operations on cryptocurrency exchanges such as Binance, Bitfinex, Kraken, and others. Cyberbot’s main advantage is its ability to optimize trading by not opening orders against the main market trend, which enhances the efficiency and safety of trading operations.

Key features:

Uses algorithms based on moving averages and RSI to identify the best entry and exit points automatically.
Avoids initiating trades against the prevailing market trends, reducing potential losses.
Fully automates trading activities, freeing traders from constant market monitoring.
Compatible with major cryptocurrency exchanges like Binance, Bitfinex, and Kraken.
Offers a unique pricing model that includes a profit-sharing scheme, besides standard subscriptions.
Demonstrates strong performance with significant profitability results over testing periods.

How does the crypto trading bot work?

Cyberbot uses algorithms based on moving averages and RSI to determine entry and exit points for trades. The robot offers various strategies for initiating and completing trading operations, including algorithmic and personal settings such as Stop Loss and Take Profit. Let’s take a closer look at the strategies of the crypto trading bot and how it works in the crypto market.

Type of Trigger	Description	Specific Conditions
First Trigger (Entry)	Initiated when MA4 crosses both MA9 and MA20 from below.	Double-crossing of moving averages MA4, MA9, and MA20.
Second Trigger (Entry)	Activated upon MA4 crossing MA20 or positive RSI momentum.	Crossing of MA4 with MA20 or positive RSI indicator.
Third Trigger (Entry)	Occurs when MA4 crosses MA9 from below, RSI is stable at 50, or both MA4 and MA9 are above MA20.	MA4 crosses MA9, RSI at 50, positioning of MA4 and MA9 above MA20.
First Trigger (Exit)	Executed when MA4 crosses MA9 from above.	Crossing of MA4 over MA9 from above.
Personal Parameters (Exit)	Trader can set Stop Loss and Take Profit as recommended or adjust based on personal strategy.	Setting of Stop Loss and Take Profit according to the bot’s algorithm or personal adjustments.
Second Trigger (Exit)	Activated upon reaching the target profit level.	Achievement of predefined profit targets.
Third Trigger (Exit)	Triggered upon reaching the stop loss level.	Achievement of predefined stop loss limits.

Pros & Cons

Pros	Cons
Sophisticated algorithms based on moving averages and RSI	The advanced features and settings might be overwhelming for novice traders
Execution of trades around the clock without manual intervention	Dependency on Market Conditions
Non-opening of positions against the market trend
Support for Multiple Exchanges
A flexible pricing model that includes a profit-sharing option

Crypto Trading Bot Pricing Plans

Cyberbot crypto bot trading is offered under various pricing plans, ranging from free demo use for 14 days to paid subscriptions. A unique feature is also a profit-sharing system, where users can pay a percentage of the profit earned.

Pricing Plan	Cost	Duration	Description
Free	$0	14 days demo	Offers 14 days of demo trading with the bot, without a time limit
Basic PRO	$19	1 month	Allows for demo trading and activation of the bot for real trading operations
Expert PRO	$119	1 month	Enables demo trading and launching of the bot for real trading operations
Individual Subscription	$11	Not specified	Profit Sharing allows users not to buy a monthly subscription, but to pay only for profitable trades
Profit Sharing	15% of profit	Charged in the case of profitable trade	Profit Sharing allows users not to buy a monthly subscription, but to pay only for profitable trades

Cyberbot has shown impressive results, increasing a user’s deposit by 89% over six months of trading on the BTC/USDT pair. The average monthly profitability was 12.5%.

How to Start Using the Bot for Crypto Trading

To start working with Cyberbot, it is necessary to register on the Cryptorobotics platform, activate the selected tariff plan, generate API keys at the chosen cryptocurrency exchange, and configure the crypto trading bot according to your preferences. The platform also offers analytical tools for tracking trading results.

Conclusion

Cyberbot represents a powerful tool for automating cryptocurrency trading, which can significantly simplify the trading process and increase potential profits through the use of advanced algorithms and user convenience.

Cyberbot’s integration with multiple cryptocurrency exchanges ensures that users have the flexibility to operate across different trading platforms, enhancing their ability to capitalize on market opportunities. The bot’s emphasis on not trading against the market trend also serves as a risk management strategy, helping to minimize potential losses in highly volatile trading conditions. Additionally, the variety of pricing plans, including the unique profit-sharing model, provides options suitable for traders of all experience levels and investment capacities.

In the fast-paced world of cryptocurrency trading, where market conditions can change in an instant, having a tool like Cyberbot can be invaluable. It not only saves time by automating routine trading tasks but also improves decision-making with its data-driven insights. For traders looking to optimize their strategies and potentially increase their returns without the constant stress of manual monitoring, Cyberbot crypto trading bot offers a compelling solution that leverages the latest technological advancements in automated trading.

Previous Post Next Post

Disclamer

CryptoRobotics is committed to delivering transparent and reliable reporting in alignment with the principles upheld by the Trust Project. Every element within this news piece is meticulously crafted to uphold accuracy and timeliness. However, readers are encouraged to conduct independent fact-checking and seek advice from qualified experts before making any decisions based on the information provided herein. It's important to note that the data, text, and other content presented on this page serve as general market information and should not be construed as personalized investment advice.

admin

About Author

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.