It’s worth mentioning that these scores are granted by Neoprofit itself and represent an impartial view of the bot’s performances. The closest resemblance to a crypto backtesting tool is the Paper Trading mechanism. This will allow you to live test your Neoprofit strategy to see if it’s profitable without using real money. Even the best crypto bot strategy isn’t flawless and you should always set up stop losses to reduce risks.

• The Starter and Plus tier plans are $20 and $25 per month, respectively.
• Imagine you enter a position at a price of $100, with a take profit of 20% above this price level ($120 to be exact).
• Until the unfortunate API leak, Neoprofit was thought to be safe and perfectly secure as it only interacted with user funds via user API keys with no withdrawal functionality.
• This tool automates the buying and selling of assets based on a grid composed of buy and sell levels.
• While your Neoprofit account can be used to trigger actions on your connected exchange account, you cannot withdraw funds directly from or via Neoprofit.

If fully automated bots were able to consistently outperform professional trader’s results, everyone would be using them. An important feature of Neoprofit that should 1,000% be utilized and taken advantage of is the ability to do what is known as paper trading, also known as demo account trading. Stable, convenient, best aggregation tool for different exchanges, works perfect for smarttrades in spot. Not so happy with futures, but I trade 99% in spot and futures directly on the exchanges. Thank you for your long-term support and for sharing your experience with Neoprofit!

ommas Review: Security

This multi-tasking capability is something that human traders may struggle with, especially when emotions come into play. Bots, devoid of emotional disturbances, maintain a steady focus and are more likely to identify and capitalize on profitable trading opportunities that a human might miss. Stoic is a cryptocurrency trading bot that allows you to automate the management of your digital asset portfolio. Stoic will enable you to conduct rapid trades across various markets. Neoprofit boasts integration with a wide range of cryptocurrency exchanges through API connections.

Bitsgap Bot Review: Advanced Plan at $69 a Month

You can create your own trading strategies from scratch or utilize techniques developed by others. Setting a price deviation will allow bots to know when to start carrying out safety trades. In that case, the trading bot will begin to conduct safety trades when the value of the selected currency decreases by 5% below the transaction price. Set a target profit to help your bot identify and decide when to sell trades according to percentages. Once the yield has been realized, the trading bot will instantaneously execute the transaction.

ommas Supported Exchanges

But depending on your trading strategy, these settings can be easily adjusted. The market analysis is done through multiple technical indicators, which helps you make an informed decision when placing orders. The Neoprofit Platform has various plans to address its users’ specific needs, and they are all commission-free. For those who wish to experience the service for free, they offer a 3-day Pro Plan trial with full access, or you may settle with an unpaid experience with limited features. The “Bots” section lets you quickly choose between DCA bots, Grid bots, the Gordon bots, or rather, Bot presets. And finally, you can head over to the “More” section on the app to check the status of your plan, type of accounts, settings, and other options.

Security is a big concern for any crypto trader (unless you’re a fan of losing money, haha), so it’s important to understand what platforms like Neoprofit do to keep user money safe.” We’re moving from trading tools and indicators to the security measures used by Neoprofit. For those interested in making unique trading strategies, Neoprofit lets you mix indicators and parameters based on your risk tolerance and investment goals. Go to your exchange to create API keys and copy/paste them into the Neoprofit platform (follow instructions, it is a straightforward process). For simple bots, you can only use Binance exchange when starting out. This AI bot adjusts itself to market conditions and with a proper set up can be super-efficient in raking up the profits for you.

Thus, even if the price never returns to the initial purchase levels, you still have a good chance of closing the trade with a profit at hand. Then, there’s also Arbitrage Scanner, which is especially interesting due to its wide range of supported exchanges (over 75) and advanced arbitrage scanning options. If you want to learn more, check out our Arbitrage Scanner review. In this comprehensive review, we delve into the core features, usability, strategies, security, and pricing of Neoprofit to help traders make an informed decision.

As Neoprofit trading bots only integrate with exchanges, there is no KYC necessary to sign up, just an account creation process. As if all the other features weren’t enough, traders can also head to the Neoprofit marketplace to access trading signals. The SmartTrade platform also features notes and a trading journal to keep track of your trades and provides an automatic summary of your trading statistics. This is incredibly useful as it is crucial for traders Neoprofit bot to track their trading performance to identify what works and what doesn’t to improve their trading game. This is useful even for traders who do not want to use automated bots as they can execute trades across multiple different exchanges all from within one interface. Great product , i wish i only use Neoprofit during the last bull market inside of buying directly from the exchanges.The DCA bots were the best for me if you want to set and forget.