Cryptocurrency trading bots are an increasingly popular tool for advanced bitcoin traders. Trading bots enable traders to deploy fully automated bitcoin and cryptocurrency trading strategies. As a result, there are now over 100 trading bots with varying prices for digital asset traders.
Fortunately, the crypto trading bot market is full of free, open-source bots that allow you to test out the algorithmic trading before committing funds to a real deployment.
The Top Picks
We have compiled a ranked list, using a few simple and effective criteria to mark and score the most popular open-source crypto trading pots, such as year of launch, number of supported exchanges, and so on.
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Below, you will find a brief description of each trading bot in our list.
List of Open-Source Trading Bots
ZenBot
ZenBot is a popular crypto trading bot that has been around for a while. ZenBot stands out from its peers for the high number of supported exchanges and its array of advanced features, which include paper trading to test strategies in real-time, configurable order types, and a flexible sample period and trade frequency.
Gekko
As one of the first free bitcoin trading bots, Gekko has managed to establish itself as a popular option in the crypto trading bot market. The trading bot enables backtesting and live trading of a wide range of technical indicators across ten different digital asset exchanges. The bot can be installed on macOS, Windows, and Linux, and comes with an easy-to-use interface.
Hummingbot
Built by CoinAlpha, Hummingbot is one of the latest additions to the crypto trading bot landscape. The bot enables traders to execute automated digital currency trading strategies on both centralized and decentralized exchanges.
FreqTrade
FreqTrade is a lesser-known open-source crypto trading bot. Aside from the standard backtesting and live trading features that all crypto trading bots possess, FreqTrade also offers a number of interesting advanced features, including strategy optimization by machine learning, position-sizing, and white/blacklisting of assets you want/do not want to trade. The bot can be used to trade on Binance and Bittrex.
Tribeca
Tribeca is a low-latency market trading bot for centralized exchanges. Complete with a web client, Users can configure, test, and run their bot. It automatically set and adjust buy/sell orders with the potential to profit from the bid/ask spread.
Blackbird Bitcoin Arbitrage
Blackbird Bitcoin Arbitrage is a trading system built on C++ and was created as a means of addressing inefficiencies of Bitcoin’s value across exchanges. As the bid/ask prices vary depending on the exchange, the bot from Blackbird works to automatically profit from the temporary price differences, whilst remaining market-neutral.
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