HodlBot – A Complete Crypto Bot Examination

HodlBot is a system that can open and close orders on the market to keep our portfolio profitable. The developers claim that the system will work for us completely automatically. So, we can just provide general supervision to it. We are going to check how these claims match the real feature and possibilities of the system. 

About HodlBot

The system was designed around the Hodl indices that are formed based on how the whole crypto market works. 

HodlBot: how does it work?

We have systemized all availble information to provide you with a clear vision of what the system has on the board. 

• The bot was designed in a purpose to help a trader with managing orders on their accounts completely automatically. 
• Working with various crypto assets allows to diversify risks. 
• We can create an index that is composed of the top N coins.
• The system supports quick rebalancing of the portfolio every time the market shows significant shifts. 
• It can rebalance all counts or those that were preselected by us. 
• We can rely on a welcome 24/7 support. 
• The starting balance for comfortable trading is $200 on Binance or Kraken. 
• The system will trade for us based on API keys. 
• The data is rewritten according to HMAC SHA-256.
• The HODL indices allow to track the performance of the entire cryptocurrency market. 
• There are Binance indices: HODL10 (top 10), HODL20 (top 20), HODL30 (top 30).
• Kraken provides Kraken10 (top 10).
• The rebalancing period is based on 28 days.
• It’s possible to increase or decrease the range of the rebalancing period. 
• HODL10 is based on an exponentially weighted Moving Average indicator of market capitalization.
• It’s possible to backtest the system to be convinced that it’s stable to manage a real portfolio. 
• There are different rebalancing methods: periodic rebalancing, threshold rebalancing, range rebalancing, volatility-based rebalancing, and active rebalancing.
• The system can not use rebalancing if we turn this function off.
• It manages orders with different thresholds. 
• The suggested ones are 10%. 

How to set up HodlBot?

There are several simple steps. We have to purchase a robot and download a copy of it. Then, there should be customization applied if needed. After this, we may generate API keys and attach the system to our exchanges. 

Key takeaways

• It works automatically. 
• The system receives data from the core indicators–HODL. 
• It opens and closes orders for us. 

User interface

The developers don’t provide claims about the user interface. 

Trading strategy behind HodlBot

The robot works around the HodlBot strategy that receives data about the market conditions in general. 

How profitable is HodlBot?

The system doesn’t have actual trading results to convince us about its profitability. So, it’s hard to understand if the system works right. 

Safety and security of HodlBot

HodlBot looks like a averagely-secured solution. The advisor will trade for us, using API keys. 

Customer support

The developers provide support via Telegram for current clients and all visitors. 

Reputation

There’s a statement about $50M trading volume, more than 400K transactions, over 10K of happy traders, and over 20K of custom portfolios.

HodlBot reviews

The presentation is featured some old screenshots. These testimonials aren’t actual anymore. Anyway, from them we know that the system has been existing since 2018. 

Team members

The HodlBot, Inc. was deployed in 2018. The developers decided not to reveal information about them. 

HodlBot exchanges list

The system can be used on the exchanges like Binance and Kraken.

HodlBot pricing: is it worth your money?

The developers provide us with packages with various limitations. Pricing starts from as low as $3 monthly. The account is limited by $500. The second pack costs $6 monthly for $500-$1000 accounts. The last pack costs $14. We are allowed to work on the balance over $1000. There’s a seven day free trial before the price will be charged. The offer doesn’t include a refund policy. 

HodlBot review: upsides and downsides

HodlBot review: final remarks

HodlBot works with a system that manages data from HODL indices on the top exchanges. The presentation explains to us standard details about the bot’s potential performance. We have an offer with many subscription options. There’s a 7-day trial to give the system a safe try. However, lots of info that could be useful for us is missed. Without this, it is difficult to get a detailed system’s analysis. 

Score: 5/10