WOLFBOT claims to be the smart way to invest in rapidly growing digital asset classes. It is a cloud-based software program capable of running 24/7 without pause. Here, you can get advanced analytics related to your trades as well as high-end strategies that help you improve your trading outcomes.
About WOLFBOT
It is an automated digital currency trading system powered by Artificial Intelligence. The source code for this platform has been uploaded on GitHub and is accessible to the public. It supports multiple trading modes and has a community of dedicated members.
WOLFBOT crypto trading bot: how does it work?
This is a platform for regular trading, as well as Margin trading, Arbitrage trading, Futures trading, and lending. It connects to exchanges using API keys, so you have full control over your assets. You can monitor the market and use one of the many available strategies to conduct trades. It also sends you instant notifications for each trade.
How to set up WOLFBOT?
The first step is to purchase the cloud instance of the bot. Under the My Account section, you will find the Order page where you can find the URL of the bot instance. You can paste this URL into your browser to access the bot. In the Configuration section, you can add your exchange API keys, select the strategy configuration file and optimize the selected strategy parameters.
Key takeaways
Since the system is cloud-based, there is no need to perform any downloads or installations. The platform has a backtesting feature that lets you test your strategies using archival data. Thus, you can test various timeframes and market scenarios without investing real money. The Trade Book shows you the entire history of your past orders. There are various filters available for the records and you can access advanced statistics as well.
Thanks to the plugins available on this system, you can keep a close eye on the trending strategies and assets. For finding the best combination of parameters, you can use the Cartesian Product and the Genetic Algorithm
User interface
The vendor has presented the information in a way that is easy to understand. You can easily navigate through the website and find what you are looking for. All of the features have been clearly explained and there are detailed guides for newcomers.
Trading strategy behind WOLFBOT
Some of the common technical strategies implemented by the system include StochRSI, RSI, MACD, RSIScalper, CCI, MFI, OBV, KAMA, STC, BollingerBands, etc. Apart from these, there are Day Trading strategies like WaveSurfer, WaveOpener, TrendlineScalper, PivotSniper, etc. It also uses take-profit and stop-loss strategies.
How profitable is WOLFBOT?
There are no trading results available for this platform. Profitability depends mainly on the configurations, the chosen strategies, and the prevailing market sentiment.
Safety and security of WOLFBOT
There is no information on the security features of this system. Unlike some other platforms, it does not have 2-factor authentication or multiple signatures.
Customer support
If you require help, you can check the guides in the tutorial section. Alternatively, you can send a message using the contact form on the website. By joining the Discord platform, you can seek help from community members.
Reputation
The company behind this platform was launched in 2018 and it is based in Germany. There is no background information on the company available on the website.
Team members
The vendor has not shared the identities of the team members. As such, we don’t know if the team members have the required expertise and experience to develop and manage a reliable bot.
Exchange compatibility
For regular trading, the platform supports exchanges like Binance, Bitfinex, Bittrex, Kraken, Bybit, Poloniex, Coinbase Pro, Bitstamp, Gemini, FTX, HitBTC, Bibox, Huobi, KuCoin, Liquid, YoBit, Bitkub, Coss.io, Cex.io, Cobinhood, FCoin, and Nova.
WOLFBOT pricing: is it worth your money?
There are three membership plans for this bot. The one-month plan costs $90, while the 6-months and yearly plans are available for $480 and $700, respectively. Compared to other systems, the plans are not very affordable. You can make payments via Paypal, Credit Cards, as well as common crypto coins.
WOLFBOT review: upsides and downsides
| Upsides | Downsides |
| Cloud-based platform | Lack of vendor transparency |
| Large number of supported exchanges | No high-end security measures |
| Expensive pricing plans |
WOLFBOT review: final remarks
This platform has all the features you need to trade in digital assets using advanced strategies. However, it is more expensive compared to other systems. There is not enough information about the parent company and the platform lacks advanced security functionalities.
