Top Automated Trading Software 2022
One of the most common observations that expert traders make regarding the market is that it is not a place for emotional decision-making. That means that no matter what happens with the trends and ups and downs of stocks and investments, you cannot—rather, you should not—buy or sell because you are very happy or very sad. Doing so will only destabilize your trading mojo.
So, how do you trade without relying too deeply on your emotions? Should you exchange your brains for a microchip, assuming that that is a thing, or should you get something else with a chip to do your trading for you? Better the latter option than the former.
To make trading more convenient for expert traders who don’t have time or traders who just got into the game, automated trading software and platforms abound. With these applications, you can set your wallets to buying cryptos, for example, at particular periods of the day or night time. You can also easily fix limits so that the software/platform would buy and sell when prices reach a particular range.
So, in the spirit of sharing, this article presents 7 such automated trading software.
These are some of the best apps for automated trading that you can rely on in 2022.
Pionex is a top-class trading software with an extensive catalog of impressive features. Against the norm of allowing you access to quality materials on how to trade, Pionex simply offers you a ton of trading bots that can upend trading bad luck and overturn your fortunes for the better.
Of course, crypto trading is on the top of the Pionex shelf for automated trading, so you can easily build a portfolio without making any brain-crunching effort to understand the market.
Where some software and platforms for automated trading offer only automation and a teach-you-how-to-do-it method, Pionex offers variety. The 18 bots from Pionex are designed differently, each with specific strategies and approaches to building wealth and trader credibility. 16 of these bots are free and built into Pionex’s framework.
So, whether you are trading on your desktop or your smartphone, using Pionex for automated trading will give you the boost you need to take your winnings up a notch. Moreover, Pionex charges only 0.05% as trading fees, which is somewhat cheap for the high-quality trading that goes on with your consent.
The majority of software and platforms for automated trading give decorated assurances such as 90 percent success rates. They don’t mention that the risk of you being in the 10 percent that is thrown to the trading success curb is high. BitQuant offers a different kind of assurance.
With BitQuant, it is not about aggregate success rates, but approximate monthly profits of up to 20 percent. In other words, among automated trading software, this novel option allows you to sit and watch as it returns a fifth of your investments to you every month.
Another great thing about BitQuant is that although the trading bots are efficient and effective at what they were designed for, the system still has professional traders who keep an eye on bot activity. Thus, you don’t have to keep punching in the numbers to determine whether or not the trading bots are helping or hindering your progress.
BitQuant is not free, but you can start using it on a trial basis which lasts for an entire week. Within that week, if you don’t see clear improvements in your trading portfolio, you can forget about it. But this never happened for the 10,000 plus traders that are using BitQuant to automate their trading activities and choices.
3- Bitcoin Prime
If you are a beginner at trading, you might want to take advantage of the offerings of Bitcoin Prime. The app was established based on the idea that beginner traders need more than just trial-and-error trading to build impressive portfolios and killer testimonials.
And that is exactly what Bitcoin Prime is all about—turning the greenhorn trader into somebody who only stares at the screen while the app’s algorithm does all the work.
Ideally, automated crypto trading is more than just a means to restrict emotional trading. There is also the advantage of being able to identify profitable cryptos and their trends. This is another feature that Bitcoin Prime has integrated into its framework. In other words, after watching the Bitcoin Prime system run for 1 month or 2, you should be able to understand the AI-driven algorithm well enough to imitate it.
The only catch that users have pointed out about using Bitcoin Prime is the charge: 2% commission on profitable accounts. You will also need to make an initial deposit of $250 so that you can use Bitcoin Prime, which could be off-putting for some traders.
eToro is another incredible trading software that offers automated capabilities for newbie traders and experts. Very much like its peers, eToro’s framework was designed to increase the ease of trading and bolster efficiency to the point where the trader does not do any work except check on their portfolio from time to time.
However, unlike the majority of its peers, eToro focuses on what it calls the power of social investing. All that means that you get access to a very large community of traders when you use eToro. This social trading aspect could save you hours on the internet where you ask questions like, “What is the best crypto to invest in now?”
Trading with eToro does not limit you to cryptos alone, which is a relief considering the near-infinite apps built solely for crypto trading. Instead, eToro is fitted with features to assist you with stock and forest trading. Thus, you will not need to shuffle between automated trading software offerings since eToro covers all the needed bases.
Another awesome thing about eToro is that it does not charge commission fees for stock trading. There are tools for expert trading with options for periodic risk rating, drawdowns, etc. on eToro. Moreover, it is regulated, meaning that your assets are as safe as they can be.
5- NFT Profit
Yes, we just highlighted the assurances that automated trading platforms report about themselves and how they often leave out the high risks of failure for the individual trader. Well, NFT Profit assures the trading community of a 99.6% success rate. The margin for failure is smaller, so using the software is a smart choice.
The main bite of NFT Profit, as you can tell from the name, is that it is particularly geared towards the buying and selling of NFTs (non-fungible tokens). Thus, it is a dedicated automated software trading app for crypto traders looking to grow their NFT assets, collectibles, and other tokens for digital art—all of this without the requisite hours of intensive research.
Considering the rarity aspects of NFT trading, generally, NFT Profit is optimized to let you place orders and execute them when necessary. Moreover, it has a tracker that lets you know when there are incredible offers on NFT markets.
All in all, NFT Profit is a reliable software for automated trading. It is also commission-free, although you have to deposit $250 to use the software as it was designed to be used.
There are different types of traders with different personality types. Some want to relax and draw on the leading characteristics of automated trading software which is automated trading. Others, however, prefer a more hands-on approach. Learn2Trade was designed with the latter category of traders in mind.
Learn2Trade offers you some control over your trading, even though it is still automated. The platform framework was built to accommodate learning, so there are more materials on trading stocks, forex, and cryptos than you will find anywhere else.
Maybe the best part about using Learn2Trade is that it is optimized to give you trading signals for free. This means that you can position yourself ahead of time to make a killing in the trading market.
Also, although Learn2Trade charges around $43 every month, you can use its trial version which is only valid for 3 attempts every week.
7- Ninja Trader
Most of the software/platforms for automated trading that we have highlighted thus far were mostly built with newbie traders in mind. Ninja Trader, on the other hand, was built for expert traders and is thus tailored for advanced trading and strategizing.
Ninja Trader offers a truckload of features for automated trading. Some of the most remarkable of these features include simulation and backtesting, tools for building robust and integrated trading apps, and more.
So, Ninja Trader does not only allow automated trading but is also relevant to researching the market. Its chart capabilities are virtually unmatched among its peers. Thus, to use Ninja Trader is to position yourself for an increased understanding of the dynamics of realistic and profitable trading.
And those are the top 7 software/platform for automated trading. However, whether you decide to rely on Pionex’s trading bots from 2019 or BitQuant’s recent but innovative framework for trading, there is currently no automated software to help you make that kind of decision.
Implications of the Australian Crypto Regulatory Framework
The crypto industry in Australia has begun to undergo a much-needed process of transformation and standardization. The current administration is doing what it can to ‘ground’ the industry and its offerings so that they are more tangible, transparent, and reliable. The result of the government’s efforts is the regulatory framework that will now be employed to manage the activities of the crypto industry in Australia. And although regulation typically suggests some level of control and restriction, the core of the new crypto rules in Australia is normalization.
Australia is not the first developed country to take a regulatory stance as regards the crypto industry. Some of its peers have long stamped their approval, while others are working overtime to shut down crypto activities within their economic borders. With Australia’s new regulations, the country has deliberately chosen a side. As such, it will now be listed among the nations that promote crypto activities. More than that, Australia is now one of those that have placed custody regulations on the industry.
Let us see what all that is about and what it means for the average Aussie.
The Stipulations and Objectives of the Regulatory Framework of the Crypto Industry in Australia
The stipulations of the Australian crypto industry regulatory framework can be summarized in three points:
- that secondary service providers of all things crypto will have to acquire the license to operate in Australia. These providers include crypto exchange platforms, brokers, management businesses tasked with overseeing crypto-related activities, and NFT (non-fungible token) market operators;
- that in addition to registering with the government, crypto-related service providers will have to adhere to the conditions for operations, including joining the government’s policing efforts against fraud and money laundering;
- that licensed crypto organizations will provide better guarantee and security to customers, thereby boosting the confidence of said customers to engage in crypto-related activities armed without having to worry about unreasonable risk and loss.
The new framework for the operations of the crypto industry in Australia is all about one thing: custody regulations. Put simply, the regulatory framework allows the government to hold every individual or organization involved in crypto activities to account. Consequently, crypto service providers will come under the supervision of the framework and be made to answer for whatever shenanigans mischievous crypto platforms and proponents may devise.
The ultimate goal of the regulatory framework is to create a convenient and reliably organized economic environment for Australian crypto users and investors. This will also drive home the certainty for crypto-asset businesses, reinforce their goals, and protect their customers. The stipulations of the regulatory framework are thus straightforward and can be relied on for consistency.
Furthermore, the framework is part of the necessary steps to ensure that the crypto industry in Australia has a focused direction of growth. It is also a mandatory process to increase the confidence of the Australian government and people about the crypto industry. After all, a fraction of Australia’s future, in the form of its people, has committed to the crypto industry. As such, keeping this fraction from harm’s way (economic hardship from poor financial decision-making) is a reasonable course of action. And that is the purpose of the new rules in a nutshell.
There are several positive implications of the framework, especially for Australian crypto users and investors. These are highlighted and developed in the subsequent subsections.
Regulatory certainty for crypto asset businesses
The foremost provision for the Australian crypto regulatory framework is that every company, agency, or business outfit associated with the creation, handling, or supervision of crypto-related things will have to adhere to the new rules. This is the core of the matter. It means that organizations that are crypto-related in their primary or secondary goals have to abide by rules moving forward. It also means that such organizations must answer to the Australian government if things go any way other than expected.
As a result of this renewed basis for organizational accountability, crypto users and investors will be able to trust the guarantee of secondary service providers. Ideally, crypto investors will be able to choose crypto establishments based on shareholder objectives and will be more assured of what they are getting into every time.
Transparent user and investor protection
With the stipulations for the registration and licensing of secondary crypto service providers, crypto users and investors will now be able to peg legitimate operators. This is the equivalent of unmasking service providers to ensure that the crypto ecosystem is now transparent. As a result, users will be better protected against the wolves and bandits that would want to take advantage of the privacy components of the crypto-verse.
Also, the new regulations ensure that cyber-security measures are now buffed up so that users are no longer exploited for their ignorance. Platforms no longer have the right to provide the barest information on their offerings and the risks involved. Essentially, platforms have to be nicer or face the wrath of the government.
Also, users are now protected against unnecessary risks. Crypto platforms have to offer options for fund recovery in the face of unreasonable loss. This is expected to put an end to crypto platforms running away with investor funds or deliberately using these funds for something other than they claim.
Increased breadth of innovation for crypto developers
The stipulations for secondary crypto service providers have indirectly created a gap between ‘primary’ crypto developers and the intermediating service providers. The primary developers are not subject to much of the regulations except where it might negatively affect Australian crypto users and investors. But service providers will have to bear more responsibility in assuring the government and people that there would be no overwhelming loss.
The goal of the framework in this respect is sustainable development. In other words, no entity will have to be cheated so that another would gain, and crypto service providers now bear the onus of ensuring a fair market. As such, crypto developers are at liberty to renew, remodel, and create new projects and technologies to advance the use and applications of blockchains and cryptos.
Reduced laundering risks
The government also gets to benefit directly from the regulations. For one, the rules now ensure that organizations that are crypto-related in any way have to adopt operational ethics and values against fraud and fraudulent activities. It does not matter if this fraud takes the form of rug pull or money laundering exercise. As long as there is a high possibility of someone being conned using their platform, the government can legitimately fine such platforms or shut down their operations.
As a consequence, crypto-related organizations have joined the anti-money laundering policing efforts. As such, there is a greater possibility of stamping out the cancer of fraud, thereby cleansing the Australian investment economy and improving its ranking on the global board of corruption. An economy that is deemed to have integrity draws all kinds of investment opportunities from all over. Therefore, it is only a matter of time before the joint efforts of the Australian government and the crypto industry yield greater benefits.
Once again, crypto users and investors will be more self-assured knowing that tech-armed bandits will be severely punished. And where there is a dispute regarding the ownership of crypto tokens and investment blocks, the regulatory system will allow for straightforward resolution.
A higher level of confidence in the crypto industry
The hallmark of the regulatory framework for the operations of crypto service providers in Australia is bureaucratic certainty and user confidence regarding the crypto industry. The ultimate game is to remove unnecessary uncertainty and financial insecurity, especially for first-time users and investors. Currently, the majority of Australian crypto traders and investors depend on the reputation of crypto platforms as a form of insurance against dubious activities. But this means that users would lose out on the opportunities afforded by new and genuine crypto platforms. With the regulations in effect, users can trust the system and its operators, and be confident in their choices.
Also, crypto users and investors will no longer have to rely on expensive methods to protect themselves from the knotty frameworks of the still-growing crypto industry. The regulations will increase the transparency of the industry. This is especially so for novel but complex innovations, concepts, and opportunities. In brief, users can now take advantage of the entire range of crypto opportunities and offerings, adjusting to the right amount of financial risk and trading or investment complications.
It is important to note that the regulation is based on the findings of evidence-based research, which is why it was derived from a ‘token mapping’ exercise. The implication of refusing to adhere to the regulations is that crypto users will have to look elsewhere to use crypto services confidently. In other words, it will show that the crypto-related platforms operating in Australia have something to hide, intend to exploit and prey on Australians, and consequently cannot be trusted. But trust is a fundamental component of the crypto industry, and the reinforcement of this component is good news to crypto users and investors everywhere and every time.
Ways to Protect Your Privacy in Crypto
The crypto-verse has moved from the first stage of foundation-building and establishment. Virtually every developed and developing nation in the world today has a share in the global crypto pie. As a result, the current crypto era is all about innovation and the adaptation of blockchain solutions to a variety of old and new problems. But, the crypto industry has to overcome some of the present hurdles first, including the rise in regulations and the relegation of user privacy.
Regulations are popping up left and right. Governments are fighting to safeguard their economies from overexposure to criminal elements. However, crypto proponents are also doing their best to ensure that the entire blockchain ecosystem is not criminalized because of some mischievous users. In the meantime, innocent users are lost in the middle, pondering whether anonymity and privacy are still genuine components of crypto.
The crypto industry has an odd relationship with privacy issues. On the one hand, due to the public verifiability of transactions, the movement of money is easily traceable. On the other hand, privacy and confidentiality are core pillars of the crypto-verse. The system is thus balanced since it offers users a variety of ways to maintain their privacy. However, now that more governments are taking more active steps towards streamlining the crypto industry in a way that they can manage, the balance of security and privacy in the system is no longer reliable.
So, to ensure that your crypto assets, investments, and activities are private, here are 5 things you can do.
1- Use Multiple Addresses and Wallets to Receive Payments
The way blockchains operate, anyone who knows your address on the blockchain has automatic access to information that is supposed to be private. Say you want to pay a customer in crypto and exchange addresses. This customer can use any number of tools, including a block explorer, to check your transaction history and find out the size of your crypto pocket.
One of the easiest ways to get out of this situation is to use a new address every time you have to engage in crypto transactions with someone. This helps you spread your activity and asset tracks across a wide range of wallets and addresses. When people look up the address you gave them for a transaction, they will not be able to find out the size of your crypto assets or even the entirety of your transaction history.
You can also be a bit more systematic by using several different wallets at the same time. With each wallet holding a certain amount of your investments and transaction history, you will be able to hide the majority of your crypto activities. This is another reason prominent crypto enthusiasts have accounts with multiple crypto exchange platforms. Each of these platforms serves as a separate bank, so to say, where they can create multiple wallets and use crypto addresses that help them shield their assets and activities from scrutinizing minds.
2- Use Crypto Platforms that Value and Prioritize Privacy
It is a fact that all crypto platforms, decentralized or centralized, are supposed to prioritize user privacy and security. This is because privacy and security are core components of the crypto-verse, ensuring that blockchains are not perpetually vulnerable to malicious break-ins. However, even though crypto exchange platforms are supposed to be user-centric and therefore give precedence to user security and privacy, this is not often the case.
To be fair, crypto platforms cope with many challenges. They have to ensure efficient transactions, deal with verification problems, maintain liquidity pools, and monitor the flow of tokens per time. Even though automated systems are employed for these functions, these systems are not omnipotent. Therefore, the crypto-verse is made up of many crypto platforms that are biased towards one or two of the foundational components of blockchain technology.
So, very few crypto platforms can effectively handle multiple components at the same time and therefore promote all the advantages of using crypto instead of the old system. You should be on the lookout for these innovative platforms because they use novel methods to prioritize user security and privacy.
One such crypto platform is Kyrrex, the innovative digital bank for all things crypto. The platform prioritizes several core crypto components, including security and privacy, transaction speed, trading ease, wide-range online integration, and user access to support. It uses hybrid cryptographic encryption methods to ensure that user data is hidden behind multiple layers of database security.
So, instead of using platforms that promote anonymous crypto trade or those that say nothing about the privacy and confidentiality of user data, use platforms that value and promote the safety of user assets. This choice covers you from virtually every danger of privacy violation, leaving your crypto exchange platform to worry about privacy and security concerns.
3- Use Crypto Privacy Tools
From the way crypto critics talk about the porosity of blockchain ledgers and transactions, you would think that every exchange ends up with one side more vulnerable to the assault of hackers than before the transaction. In truth, security and privacy are fundamental components of the crypto-verse, so every platform regards these components highly. (Only that some platforms, as we have shown, are more particular about them than others.) Therefore, there are privacy tools specially designed to promote the confidentiality of crypto users. Examples of such tools are zero-knowledge proofs, mixers, and ring signatures.
Consider zero-knowledge proofs. These are handy privacy tools because they are straightforward in their function. These proofs enable a user to confirm that they validated a particular crypto transaction and do so without having to provide their public keys to be believed. Ordinarily, publishing your wallet address is the traditional method of verifying transaction claims. However, with zero-knowledge proofs, you don’t have to give away your public address.
Zero-knowledge proofs are a derivative of zero-knowledge encryption, a system that ensures that a user’s access codes are only known to the user and no one else. So far, this system has been adopted in crypto security with the proofs. However, efforts are being made to fully adapt them such that they can become core features on every crypto exchange platform and service. That way, blockchain ledgers can remain transparent at the same time that users can shield their crypto activities and assets from other users and platforms.
Mixers and ring signatures serve similar functions in using both simple and complex methods to hide details of user transactions. Mixers, especially, require a third party whose database becomes the exchange point between crypto users. Therefore, transactions will be traced to the third party instead of the engaging crypto user.
All these tools are useful for protecting user crypto assets, activity, and privacy. Many crypto exchange platforms use them in one way or another. Therefore, you can rely on them as well.
4- Use Reliable VPN
VPNs have become one of the most convenient and valuable features for digital privacy and security. The best selling point of these services is that they can hide your online footprints, especially your IP address, from web trackers, governments, and even some crypto platforms. Therefore, using VPNs whenever you trade in crypto is one of the surest ways to preserve your privacy.
Every knowledgeable crypto user knows that some crypto platforms log users’ IP addresses to increase the efficiency of their services. The problem with this is that whenever hackers gain access to these platforms, they can make away with this information. Once this happens, you can expect clever hackers to try to make as much profit from their theft, including tracing your crypto transactions and finding out ways to defraud you eventually. When you use a good VPN that prevents any platform from logging your IP address, you remove yourself from this narrative of hackers and possible fraud.
One thing to keep in mind is that all VPNs are not the same. To use George Orwell’s words, all VPNs offer privacy values, but some VPNs offer more privacy values than others. You can be sure that premium VPNs (those whose services you have to pay to use) are generally more secure and reliable than free VPNs. So, to be safe, never use a free VPN with your crypto transactions.
5- Use Social Media with Crypto Addresses and Engagements with Care
The easiest way to lose your privacy and be flushed out of your crypto anonymity bubble is to engage social media with your crypto activities. Social media space is virtual, yes, but it is also all-reaching. With many online platforms integrated, every internet user is a flashing point that can be identified on the web. So, when you publish aspects of your crypto activities on social media, you are essentially throwing out pieces of meat and waiting for wolves to trace them back to you.
Granted, there is no reason a rational crypto user would want to have their crypto activities and assets exposed to the world. We all value our privacy, especially as it has to do with financial assets. But it is also very easy to accidentally compromise this privacy on social media.
Say, a celebrity asks their followers to drop their wallet addresses online so they (said celebrity) can give them (the followers) crypto for free. Once these addresses are posted online, they are almost certainly forever ‘inscribed’ on the walls of that social media platform. Any Tom, Dick, and Harry can follow these crypto addresses back to the user, look into their history, and think up ways to take advantage of them.
So, pay extra attention to how you post your stuff on social media. Keep in mind that it is difficult to erase online posts and that there is no steel-solid guarantee that hackers will not break into your social media accounts, even if temporarily. Therefore, endeavor to keep from posting your public and private keys online, whether in private chats or public posts.
So, to conclude, user privacy is very important to the crypto-verse. The appeal of the blockchain revolution is that it grants users more freedom over their assets and financial choices. However, once user privacy is compromised, this freedom counts for nothing. Therefore, the suggestions submitted in this article are simple but effective in safeguarding your place and future in the crypto-verse.