Home Crypto Superalgos Review: Should You Use This Trading Bot?

Superalgos Review: Should You Use This Trading Bot?

253
0
Superalgos

Superalgos is an automated crypto trading platform that is specially made for developers and technical users. According to the developer, this platform is designed to provide power and flexibility while also letting you collaborate with other users. In this Superalgos review, we shall be analyzing the various aspects of this system to determine whether it is a worthwhile investment.

Superalgos overview

Superalgos was founded by Julian Molina, a Spanish entrepreneur. Other members of the team include co-founder and lead developer Luis Fernando Molina, and professional trader Andreja Cobeljic. We don’t know when this company was founded and where its headquarters is located.

Superalgos quick summary

Here are key aspects of this trading bot:

  • Advanced data-visualization 
  • Integrated charting system
  • Visual strategy designer
  • Paper trading and backtesting
  • Integrated documentation
  • Configurable algorithms
  • Community-based support
  • Full control over funds
  • No personal info required for login
  • Import and export functionality

What does Superalgos offer?

The client application for this crypto bot runs entirely on your premises, whether it is a physical or a virtual machine. There is no need to entrust a third party with your funds, sensitive information, and API keys. It works on different operating systems like Linux, Windows, and Mac OS. 

This platform can fetch data from different exchanges and allows you to connect to APIs. Even if you don’t have any coding knowledge, you can view the data in the form of graphs and charts. Thanks to the visual strategy debugger, you can test out your strategies and remove any errant behavior. You can also backtest your strategies and run visual simulations for each trade. 

Superalgos lets you monitor real-time trading activities while being connected to the exchange. It is possible to manage your orders efficiently using the execution algorithms that you can modify to suit your requirements. The system also has a portfolio management system that lets you track your investments closely and monitor their performance. 

Superalgos reputation

At this moment, this trading bot does not have much of a reputation. There are no reviews to be found on third-party websites.

What crypto exchanges are supported?

The main exchanges supported by the community are Binance and Binance US. However, you can connect to several exchanges via the CCXT library. Some of these exchanges are as follows:

  • AAX
  • Bibox
  • AscendEX
  • Bitfinex 
  • Bitstamp
  • Coinbase
  • Crypto.com 
  • Gemini
  • Huobi
  • KuCoin
  • Liquid

Price

You don’t have to pay a one-time fee or a monthly subscription for using this trading bot. It is 100% free and you have full ownership over your data.

Security and privacy of Superalgos

This platform does not have any security features of its own. Since you will be running the program on your system, the safety of your funds depends on how safe your personal system is. You don’t need to share any personal info and no third party will have access to your funds.

What about the customer support?

This trading bot has social media handles on platforms like Discord, Telegram, Twitter, Facebook, and YouTube. The vendor has not shared any contact information but there is a contact form on the website you can use to send a message. Right now, there are no reviews for this system on third-party websites.

Profitability of Superalgos

You can use this system to build profitable strategies and test them. Ultimately, the profitability depends on the trader.

Deposits, withdrawals and fees

There is functionality for making deposits and withdrawals on this platform and there are no fees.

Advantages of Superalgos

Here are the advantages of this trading bot:

Free software

You can build powerful trading bots without paying a penny. There are no special plans for premium members and the features are accessible to all.

Trustless system

You are the only one with access to your coins and keys. There is no need to log in with your personal information.

Advanced visualization

You can visualize your trading ideas and see which rules are working according to your formula.

Disadvantages of Superalgos

Let’s look at the disadvantages:

Does not support derivatives

You can only engage in spot trading through this platform. It does not allow for speculative trading.

Not suitable for beginners

For a newcomer, it may take some time to get used to the complex visual interface. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

8  +  1  =