Botee.Trade is a crypto bot that supports both basic and advanced trading. Novice traders can leverage the already configured strategies to carry out their trading effortlessly. For professional traders, the platform’s advanced tools that facilitate the creation of a complex strategy architecture may come in handy.
About Botee.Trade
Botee.Trade is described as an advanced cloud platform that is used to develop and automate trading strategies in the crypto market. It was created in the middle of 2018 to help automate your bitcoin and altcoin trading on exchanges 24/7.
Botee.Trade crypto trading bot: how does it work?
Botee.Trade essentially provides automated strategies that you can apply to your trading. It is also possible to alter some of the approaches and combine them with any of the available indicators to enhance your outcomes.
How to set up Botee.Trade
Here are the steps you need to follow to get started with the bot:
- Register an account and set a password
- Choose the pricing plan that aligns with your ambitions
- After the vendor receives your email request, a server will be reserved, and you will be contacted through a specified email to offer more info
- Sign in to your account and check for a notification saying ‘You’ve got a new bot,’ and click by your bot (it should have a green indicator)
- Add an API key
- Select an exchange, pair, and candle period
- Install a strategy in the Editor
- Upload settings
- Backtest your strategy
- Conduct paper trading
- Now you can run the bot in the real market
Key takeaways
Find below some of the bot’s main features:
- Free backtests
The platform allows you to backtest your trading strategies on historical data to see which one works and which doesn’t.
- Trailing stop
Dynamic buy and sell stops are used to manage trading risks.
- Smart charts
The bot includes customizable smart charts that display info on your trading data, indicators, etc., in the most convenient way.
- Custom strategies
It is possible to mix various kinds of indicators into a single strategy. You will even be able to add 3BB or 2RSI to one strategy with Botee.Trade.
User interface
Botee.Trade has an intuitive interface that integrates a friendly wiki to help you quickly navigate the platform’s tools and feel confident using them. You can also launch the bot on any device easily without needing to keep the computer on.
Trading strategy behind Botee.Trade
The platform works with a variety of strategies, both basic and advanced. In general, these strategies are generated from specific or common TA indicators and connect certain data feeds starting from technical analysis sources to crowd wisdom insights. The platform also combines smart algorithms with stop loss, trailing stop, take profit, Bollinger Bands, Stochastic RSI, MACD, DCA, and more.
How profitable is Botee.Trade?
The real profitability rate of this bot is unknown. However, the earnings it makes may hugely depend on the strategy used, the system’s settings, a trader’s skills, etc.
Safety and security of Botee.Trade
The bot doesn’t have access to your assets, so the vendor cannot steal them. In essence, your funds are kept in your exchange and secured by API keys in encrypted form. As an additional precaution, you are asked not to enable withdrawal permissions on your API key pair.
Customer support
The system provides customer support through email, Telegram, Discord, and phone. A detailed documentation along with an FAQ section is also available to help answer some of your questions.
Reputation
The idea of creating Botee.Trade came about in 2017 when the vendor was searching for a platform to automate their trading strategy. After testing some of the public services and discovering that none fit their requirements, they decided to create a platform that could develop a strategy of any complexity.
Team members
We are not introduced to any of the people who created this bot. So, we cannot determine their expertise and reputation in the market.
Exchange compatibility
Botee.Trade supports 2 exchanges only. These include Binance and BitFinex. The company plans on adding BitMex and HitBTC soon.
Botee.Trade pricing: is it worth your money?
The software features 3 paid plans and a free package. The standard option, which costs $60/mo, has a maximum deposit of $10,000. The advanced package is $120/mo. It includes Telegram and Discord notifications, end-to-end encryptions, and has put the maximum deposit cap at $100,000. The last plan (Superior) is priced at $270/mo. It allows you to work with a maximum deposit of $300,000 and receive priority support. Common features that are included in all 3 packages are unlimited backtests, paper trading, and live trading. The free plan has a $1000 maximum deposit limit.
Botee.Trade review: upsides and downsides
| Upsides | Downsides |
| User-friendly | Real profitability potential is unknown |
| Offers multiple strategies | Vendor is unknown |
| Safe | Pricey |
Botee.Trade: final remarks
Botee.Trade caters to the needs of both new and experienced traders by providing trading algorithms that each group can navigate easily. Free backtests also help ensure that you work with strategies that have been proven to work. Unfortunately, the bot’s packages are expensive.
