There are many swing trading bots available online that help you make the right choice. Swing Trading bots help you earn profits at the right time. We have a list of the best Swing trading bots that you can use for investing your money and earning profits easily. Here’s a brief on the best 8 Swing trading bots.
|Swing Trade Bot||Important Features||Price||Beginner Friendly|
|Pionex||Built-in trading bots||0.05% maker and taker fee||Yes|
|3Commas||Helps beginners trade crypto||$22/mo||No|
|Shrimpy.io||Safe and quick trading strategies||Starts at $19 per month||Yes|
|Cryptohopper||Simplifies the crypto trading process||Premium from $19||Yes|
|Coinrule||Allows customizing trading rules.||Free||Yes|
|Trality||Create algorithms easily||Free for trade till €5,000||No|
Table of Contents
What Is Swing Trading in Cryptocurrency?
Swing trading refers to a strategy that traders use to earn profits. It makes use of price movements across short to medium-time frames. This strategy is based on the idea that any “swings” in the market can be caught for maximum profits.
There are two types of swings that crypto traders try to catch:
- Swing highs: This swing refers to a situation when the market peaks before pulling back. This gives a perfect opportunity for a short trade.
- Swing lows: This swing refers to a situation when the market experiences dips and bounces. This situation gives the perfect opportunity for a long trade.
Swing trading crypto has been found to work well with all the trending markets. These include forex, stocks, and even cryptocurrencies. Successful crypto swing traders need to use technical analysis for examining short to medium-time frame charts. This helps them catch daily as well as weekly trends.
What are Swing Trading Bots?
Swing Trading Bots are automated programs that operate on the internet to perform repetitive tasks for you. There are also a few bots that act as swing trading indicators and help you make a timely choice. Furthermore, they perform these tasks more efficiently than humans. These bots work using artificial intelligence using pre-established parameters.
Using trading bots prevents you from missing any trading opportunities. This is so because the bots run automatically day or night.
1. Pionex: Exchange with In-Build Trading Bots
Pionex is a great cryptocurrency exchange with built-in trading Pionex bots. These bots help you automate your investment strategy so that you don’t have to constantly monitor the market. Pionex trading is loved by everyone for high-volume and mobile investors.
Pionex introduced Grid trading in the crypto market.
- It allows users to access 16 unique trading bots for no additional fee.
- The platform features low trading commissions along with a great mobile app.
- It has the MSB (Money Services Business) licensure from the Financial Crimes Enforcement Network.
- The Pionex trading app is easy to use and navigate. It also has documents and common commands that are easy to find and use.
For more information, can check our review of Pionex.
2. 3Commas: Ultimate Swing Trading Bots
3Commas is an online platform that helps individuals trade cryptocurrencies using automated bots. It is preferred by individuals that lack a technical background in finance or experience in stock markets.
- Being a web-hosted platform, it can be accessed from any device.
- 3comma smart trade has different trading bots for specific strategies. Even more, users can customize these using unique trading positions.
- The bots can be set to operate only at specific hours or for 24 hours non-stop.
- The stop-loss feature of the 3commas api makes sure that if the user-set loss percentage is crossed, it immediately sells the asset.
3. Shrimpy: Social Trading
Shrimpy.io offers safe and quick trading proceedings for its users. It automates digital currency trades and prepares trading strategies for its users. In addition to this, the platform has excellent efficiency and offers unique features. The low prices make it easy to register at Shrimpy and use the bot to maintain your investments. To learn more read our Shrimpy review.
- The platform offers 16 popular cryptocurrency exchanges.
- It supports many cryptocurrencies that help prepare a custom index fund
- It offers an interactive user interface, unique features, and responsive customer support.
- It helps you build new applications with cryptocurrency APIs and keeps these API keys secure.
4. Cryptohopper: Trading Strategies and Bots
Cryptohopper is a great bot for swing trading crypto that helps simplify the crypto trading process and helps traders make the most of the trading opportunities. In addition to this, the Cryptohopper setting helps them maximize their profits and reduces the chance of losses.
Cryptohopper empowers traders by offering an easy-to-use and fully featured service to make trading multiple cryptocurrencies easier.
- The Crytohopper setting is suitable for both beginners and experienced traders.
- This bot is available 24/7 as its services are hosted entirely through cloud storage.
- The bot experiences no downtime. Even more, it updates itself without interrupting your trading or halting your account.
- The platform can function even when your network is offline.
- The platform supports nine exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex.
5. Coinrule: Make your own trading bot
Coinrule bot is an amazing swing trading bot that allows you to create customizable trading rules. The Coinrule app offers different plans for different levels of traders that help the users build their skills and knowledge to become better at cryptocurrency trading. Coinrule strategies consist of a wide range of preset trading strategies.
- Coinrule app offers more than 150 trading templates for users to customize for investing with.
- Even more, the pre-defined templates are executed automatically when the market conditions meet predefined parameters.
- Coinrule allows new crypto traders to perform paper trading and backtesting. This allows them to check their strategies.
- It uses a sophisticated security platform to protect your personal and trading information.
ProfitFarmers is a semi-automated swing trading platform that combines high win-rate signals with copy-trading and other advanced features. You select a signal, enter how much you want to invest, and let the platform auto-trade for you.
It’s more than a swing trading bot – it’s a complete platform with its own signals, trading tools, and even advanced trade terminals. ProfitFarmers is unique on this list – there’s really nothing else like it.
Imagine having a co-pilot with you every time you wanted to swing trade. Now, imagine that co-pilot could identify winning trades, show you a full trade plan, place the trade, then monitor the trade for you. If things go wrong, it exits the trade for you automatically. If they go well, it moves your stop-loss up to lock in profit.
It saves you hours of work, and let’s you complete winning trades without technical analysis or needing to sit by the computer all day. You can actually live a normal life!
- Laddering Mode – Ladder into trades for an optimal entry price
- Trade Guardian – Protect your money even when you’re away from the screen. Trade Guardian automatically exits trades when they deviate from the plan
- Break-Even Stop-Loss – Automatically moves your stop-loss when trades hit take-profit targets
- Advanced Trading Terminal – Turn off your co-pilot and take full control
- Money-Back Guarantee – If they don’t deliver 60% win-rate signals in your first 30 days, you get your money back
Ready to see how ProfitFarmers can help you trade like a pro? Check out our full review of ProfitFarmers here ($100 off coupon inside!).
Trality is a great swing trading bot designing platform for beginners as well as advanced crypto traders. It helps individuals create intricate and creative algorithms easily. In addition to this, the educational, community-driven infrastructure helps promote your learning and development as a trader.
Read our Trality review to know more.
- The application offers free bot service as well as paid options. The difference is in the number of bots you can use at a time.
- Users can put their bots on the Trality Marketplace and earn monthly rent.
- The bot can be used for exchanges like Binance, Bitpanda, Kraken and Coinbase. The best part? This list keeps expanding with time.
- All your funds are stored safely on your exchange as Trality does not use them
- Your trading strategies are end-to-end encrypted so that only you can access them.
Swing trading strategies are used to earn maximum profits. So, if you want to earn money through cryptocurrencies easily and fast, download and use these bots. We have compiled this list of the best Swing Trading bots to make choosing one easier for you. Read all the features and find the one that suits your needs the best.
Frequently Asked Questions
Are Swing trading bots Profitable?
There are many Swing Trading bots available in the market. They help users make profits easily, but they do not guarantee that they will always make profits. The market still has its ups and downs. The bots simply inform the users about the best time to invest or claim their funds.
Why should you use Swing Trading Bots?
Many times, when the traders are offline, they miss trading opportunities. These bots help ensure that the users don’t miss any opportunities as the bot utilizes them.
How to choose the Best Swing Trading Bot?
We have provided in this list the 10 best swing trading bots. You can select the bots that match your requirements the best and even try more than bots to find them perfect for you.
Where is Pionex based?
Pionex is a centralized exchange offering different trading bots and is based in Singapore.
Is Pionex Legit?
There is no doubt that Pionex is legit,and is above all when it comes to their practices regarding cryptocurrency investment and trading.
Is Cryptohopper legit?
Yes, Cryptohopper is legit and appears to be a trustworthy trading bot. Our investigation reveals that this robot is genuine (it trades on your behalf), straightforward, and user-friendly. In addition, we can confirm that all of their partner brokers are well controlled.
Is 3Commas safe?
Yes, 3Commas is safe and the exchange platform is sufficiently encrypted. Also, it has a well defined data protection policy as well.