SuperAlgos is a ‘decentralized trading and the unstoppable coordination of millions of retail investors in massive trading armies’. The main page informs us that it’s a trading intelligence network. Traders use the platform to build automatedcrypto trading bots. However, it’s not a simple plug-and-play bot that you can master over a weekend. Thus, it is not the case for those traders who have no trading skills.
What is SuperAlgos?
SuperAlogs is a platform that allows to design, test and deploy crypto trading bots. It integrates all aspects of crypto trading automation in a visual scripting environment.
- The system can be used from the package.
- We can develop our own bots using various indicators’ data.
Unfortunately, there is no information about the developers or community that stand behind this service provided.
How does it work?
Let’s talk about its functionality. The developers provide us with over 20 pages of information, claims, and features about the system.
- We can try various trading logics with this system.
- It’s possible to have full control over backtesting, paper-trading, forward testing, and live trading.
- The system lets us work with our own indicator combination.
- The testing engine shows accurate testing simulations.
- We can even test the trading strategies on a real market.
- The developers provide us with a useful trading framework.
- We can work with various calculating processes from various outputs.
- There’s machine learning on the board.
- The platform and bots are free and open-source.
- API Maps and API Data Fetcher Bots allow us to connect to any API.
- The Integrated Charting System can be useful to visualize our trading experience and testing performances.
- There are no hidden fees or reasons to charge us.
- We can work without limits on bots or flows of the testing.
- The code is accessible by anyone.
- We can join a community to work together on increasing the code quality.
- The system doesn’t have access to our funds.
- It’s possible to get started even without experience.
- We can launch an unlimited number of backtest sessions.
- The bots allow us to work with various markets on various exchanges at the same time.
- We can distribute data mining and trading tasks over multiple machines, and Superalgos coordinates the whole operation.
- The platform lets us deploy a network of nodes with easy and minimal configuration requirements.
- The system can be used on various operational systems such as Windows, Mac OS, Linux.
How to sign up with SuperAlgos?
There are several steps. If we want to develop our own robots based on the available indicators, we have to register and get started. If we would like to work with available bots, we should download them, generate API keys, and attach every bot to a single exchange.
Does SuperAlgos offer a demo account?
Yees, we can test the system before using it live.
Profitability of SuperAlgos
There are no details about how profitable the trading solution is. So, it is impossible for us to predict if the system is a profitable solution or not. We have to check this on our own.
Payments, deposits, and withdrawals
There are no such requirements. The system is for free and we can work from our account directly.
It supports over 120 exchanges. Some of them are:
- Bitpanda Pro
- and more
What about customer support?
There’s a community in Discord where we can ask questions freely.
Benefits of using SuperAlgos
- We can work automatically
- There are many strategies and indicators provided
- The system is available for free
Drawbacks of using SuperAlgos
- No risk advice given
- No actual trading results provided
We may not pay for the system because all functionality can be used for free.
What are security measures?
The system is secure because it works through API keys.
Is SuperAlgos legit?
SuperAlgos is a trading solution that can be used completely legally on exchanges. You have to pay attention that your country allows crypto assets and their trading.
Ease of use
The bots are easy to use but new bot design requires us to have proper trading experience.
Is SuperAlgos a good choice for automated trades?
We can’t claim this for sure without trading results provided.
What are the risks of using SuperAlgos?
If we don’t have experience in coding, it will be a challenge to work with the bots well.
Review verdict: the system without trading results
SuperAlgos is a trading solution that unites bots and a platform to develop trading solutions. The presentation provides us with all required information about the system functionality and what challenges we will face if we decide to join. The presentation doesn’t include backtest reports or trading results to check.