HodlBot is a robot that allows us to invest in the crypto market on autopilot. The system can be well-customized to suit our trading needs. The robot provides our account with rebalancing periodically.
How does this crypto bot work?
The system manages our account in two ways. The first one is just simple trading with opening and closing orders when the HODL index data says it’s the right time. The second one focuses on rebalancing our portfolio to keep the account profitable.
Getting started with HodlBot
To get started we should register on the site and purchase a robot. After purchasing the bot, we have to manage settings based on a user manual and attach the system to trade.
Company information
The HodlBot, Inc. was founded in 2018. We don’t know details about the owners behind it.
Features of HodlBot
The system has various information explained about itself. We decided to systemize it in the list below.
Ease of use
- There’s rebalancing of our portfolio that can be performed in a proper period of time to keep our balance growing.
- It can rebalance all coins or only selected ones.
- The support is delivered 24/7.
- It’s a pro that the system can be backtested.
Automated trading experience
- The bot works automatically on our account.
- It trades with API keys.
- The data is rewritten according to HMAC SHA-256 standards.
- It applies various rebalancing methods to our portfolio: periodic rebalancing, threshold rebalancing, range rebalancing, volatility-based rebalancing, and active rebalancing.
- It’s possible to turn off this feature if needed.
Strategies of HodlBot
- We can work with various risks on different assets.
- The system manages inte received from Hodl indices that were united based on the market conditions for all traded assets.
- It’s possible to create an index that mixes the top coins.
- We should work with a balance of $200 on exchanges such as Binance or Kraken.
- It supports periodic and active rebalancing strategies.
- The HODL indices let us check the performance of the entire cryptocurrency market.
- Binance indices are following HODL10 (top 10), HODL20 (top 20), HODL30 (top 30).
- It works with a 28 days rebalancing period.
- We can change the rebalancing period.
- The developers informed that HODL10 is based on an exponentially weighted Moving Average indicator of market capitalization.
Pricing, fees and commissions
There are several packages available on the board. We can get the system for as low as $3 monthly. There’s a limit on the trading volumes of $500. We can pay $6 a month to get the limit higher to $500-$1000. The ultimate pack can be rented out for $14/month. We can trade on the balance over $1000. The developers provide a seven day free trial before the price will be charged. The offer doesn’t include a refund policy.
Deposit requirements
The deposit should be over $200.
What exchanges does HodlBot support?
The system can be used on Binance and Kraken exchanges.
What languages does HodlBot support in their product?
It supports English as the main project language.
Can you really make money with this bot?
We can’t claim this for sure. To convince us of this, the developers have to provide us with actual trading results from which it is clear that the system is profitable.
Advantages of HodlBot
- It works automatically
- HODL indices deliver information about market conditions
- It can rebalance our portfolio every 28 days
Disadvantages of HodlBot
- No risk advice given
- No settings list shown
- No trading results available
Customer support
The developers provide good support 24/7 for clients and visitors.
Who is the HodlBot suitable for?
There are screenshots of testimonials from Twitter published on the site. Alas, they were published several years ago.
HodlBot summary: is it worth going for it?
HodlBot is a trading solution that works with HODL indices from the top exchanges. It helps the system to understand what type of the market is now: bearish or bullish. We have dynamic pricing that depends on the trading volumes. Also, there are various testimonials written where people share details of their trading experience.
- Features: 6/10
- Ease of Use: 5/10
- Fees: 6/10
- Support: 8/10
- Price: 8/10
- Payment methods: 6/10
