TRALITY Review: An Automated Crypto Trading Bot

TRALITY does not charge fees from your executions and supports Python as its main programming language. It offers a free plan for beginners and a premium service available for more advanced traders. To understand the system’s basic features and see if we can create any good algorithms, we will review it in our article detailing all the pros and cons.

What is TRALITY?

TRALITY claims to have a daily trading volume of more than $10 million. The service uses Python as its primary programming language and uses a backtester to optimize algorithms for better functionality. Investors can create EAs online and connect them to their exchange using the API key.

Quick summary

The service has the following important features.

• Free plan

Traders can use the free plan to test out the service. It is capped at a maximum of $5000 trading volume each month.

• Python

Python is one of the solid and major programming languages that can create powerful algorithms. Using the website, traders can make the algorithm of their choice.

TRALITY: background

The company claims to hire only those who have solid financial backgrounds in the market. Moritz Putzhammer is the CEO of the platform and holds a degree in Ph.D. in the Business department. Christopher Helf is the co-founder. The profiles of the authors are available on LinkedIn to check out.

How does it work?

To start trading with the algorithm, traders have to follow the steps mentioned below:

1. Sign up on the platform
2. Make an algorithm using the technical indicators on the website
3. Backtest it and analyze its performance to see if it is profitable
4. Connect it to one of the available exchanges

How to sign up with TRALITY?

To sign up on the platform, traders will have to provide an email address and enter their designated password. Afterward, log in on the platform and start accessing the service.

Does TRALITY offer a demo account?

The company offers a free model that has a total trading cap of $5000.The smallest tick interval is at 60 minutes, and the live and demo accounts are limited to 1. The number of backtests is unlimited. 

Profitability of TRALITY

The company does not charge any fees on the profits that are made using one of the algorithms. The number of profits will depend on how much risk you are taking and the drawdown value.

Payments, deposits, and withdrawals

The company does not list the available mode of payment for their subscription packages. This is a poor approach.

Exchanges supported

The platform currently supports the following exchanges:

• Binance
• Coinbase
• Bitpanda
• Kraken

What about customer support?

The company only provides customer support through an email address. There is no option present for live chat.

Benefits of using TRALITY

The platform presents the following advantages for traders:

• A free model is available 
• Unlimited backtesting

Drawbacks of using TRALITY

While the demerits are as follows:

• The pricing is high
• Supports a limited number of exchanges
• Coding is available in Python only

Pricing review

As the service is online, traders only have to pay for the subscription service that starts at €9.99 each month. The queen package is available for unlimited volume that comes at an asking price of €59.99.

What are security measures?

The exchange claims to have no access to your funds as it uses an API key to send signals only. Currently, there is no mention of the two-factor authentication protocol.

Is TRALITY legit?

TRALITY can be used to create algorithms that may work in the market. To create a useful product, investors have to have solid experience in cryptocurrencies and coding. 

Ease of use 

The platform details all the features neatly and allows making algorithms using the interface without coding anything. To create advanced EAs, it is vital to have solid knowledge beforehand.

Is TRALITY a good choice for automated trades?

TRALITY can offer a good number of automation features for traders; however, for accessing the full function, traders will have to learn coding in Python. The number of exchanges and coding language is limited, which is not a proper approach.

What are the risks of using TRALITY?

Using algorithms without proper risk management can cause a high risk to your balance. Currently, the platform claims to have no access to your funds, but it is vulnerable to phishing attacks.