Superalgos lets you create, test, and trade with automated systems on GitHub.com. It has a visual scripting interface that is specially built for programmers and technical traders. As per the vendor’s claims, this platform offers opportunities for collaboration, as well as power and flexibility.
About Superalgos
This is an open-source project following a user-centric model. It enables millions of crypto traders to work together privately, without the involvement of third-party organizations. The program runs on your premises, which means you have full control over your trading operations.
Superalgos crypto trading bot: how does it work?
This platform has Artificial Intelligence models trained by community members. These models require computation power for sustenance and this is crowdsourced by the community. The members train models providing buy and sell signals and predict the future candles on various timeframes.
Superalgos allows users to collaborate and share workspaces, plugins, AI models, strategies, and general information. You may trade independently and deal with certain aspects of the operation while sharing data with the team.
There is also the option of broadcasting your trading recommendation on the network. This way, you can earn SA tokens based on how many people are following you.
How to set up Superalgos?
You can download the app from the official website. Once you have installed and launched the app, you will come across a wide range of tutorials that will give you a tour of the platform while you learn the fundamental skills needed to mine data, backtest strategies, and run live sessions.
The tutorial uses Binance or Binance US, but you can still follow it even if you don’t have an account with either. If you are a non-technical user, you should go for packaged application installation, since the code is included in a single file. For setting up the system in an isolated environment, you can use docker deployment. Expert coders and those who wish to contribute improvements should go for the developers and contributors option.
Key takeaways
Superalgos lets you source data from exchanges, process it into data sets, and produce graphical representations. You can create your own strategies and backtest them to determine whether they are effective or not. It also lets you automate the entire trading process and closely monitor your activities.
User interface
On the official website, the vendor has clearly outlined all the features of the system. There is a detailed description of how the platform functions and what it offers.
Trading strategy behind Superalgos
There are different types of strategies you can build on this platform using the indicators shared by the community. You can use simple rules to automate strategies without any coding.
How profitable is Superalgos?
Profitability depends on a wide range of factors including market sentiment, the chosen strategy, and your knowledge of the crypto market.
Safety and security of Superalgos?
There are no advanced security measures since the platform runs on your system. You need to register or provide any personal information to third parties.
Customer support
You can use the contact form on the website to get in touch with the service team. You can also seek help on the official forum and the Discord and Telegram channels.
Reputation
We don’t exactly know when this project was launched. However, the open beta version was launched in the 1st quarter of 2022. It has a global community of developers and traders. On Discord and Telegram, there are 215 and 1841 members, respectively.
Team members
The core team members bootstrapping the project include Lead Developer Luis Molina, Wild Card Entrepreneur Julian Molina, and pro trader Andreja Cobeljic.
Exchange compatibility
The community is mainly working with Binance and Binance US. However, the system implements a CCXT library which allows you to connect to hundreds of exchanges. Some of the well-known exchanges are as follows:
- Poloniex
- OKX
- NDAX
- MEXC
- KuCoin
- Gate.io
- CoinSpot
- Coinex
- Bybit
- Bittrex
- Bitpanda Pro
- BitMex
Superalgos pricing: is it worth your money?
This platform is completely free. You don’t need to pay any subscription or trading fee. The only fee you need to pay is the exchange fee.
Superalgos review: upsides and downsides
| Upsides | Downsides |
| Vast community of developers and traders | Complex systems not suitable for beginners |
| Open-source code | |
| Visual data representation |
Superalgos review: final remarks
This platform is ideal for pro traders and developers who wish for a wide range of configurable functionalities. You can build and test your own strategies without involving any third-party organization. You can coordinate with other users and earn incentives by making your signals available to others.
