Superalgos invites you to help create an open and a comprehensive trading network. The code is flexible and hence gives you more control of your trading. Notably, the app always requires mass adoption to be successful, so it will continue to be open-source and free.
How does this crypto bot work?
Superalgos is a token-incentivized, community-driven project developed by users for users. The vendor allows other traders to contribute to the original code to improve it. So, you have a chance to design, build, test, and launch crypto trading bots on this platform to run your trades and broadcast signals for others to consume.
Getting started with Superalgos
You can get started with this software by following these steps:
- Download Superalgos from the Github repository
- Set up and launch the app, and after doing so, a string of interactive tutorials will appear to help you get a feel of how the system works
- You will then learn to use the app’s interface, backtest strategies, mine data, and trade live
Company information
This software was developed by Julian Molina, a wild-card entrepreneur and founder of Superalgos.org. Luis Molina is the co-founder and lead developer. Together, they have a combined programming experience of about 30 years and have worked in Fintech for several years developing tools for various clients.
Features of Superalgos
Superalgos has numerous features, and we have described a few of them below:
Broadcast signals
The project motivates users to broadcast their signals over the network without disclosing their strategies. As a consequence, they can earn Superalgos (SA) tokens commensurate to the size of their following.
Governance
To take part in governance, community members are required to leverage their Superalgos token holdings and wield influence proportional to their reputation and token power. The overall influence of all token holders taking part in governance will dictate how the token will be distributed when released.
No limits
The software has no restrictions as it allows you to run and backtest as many bots as you want.
Console/command line
The processes you run log their activity on the default console application, or the console utilized to fire up the app.
Strategies of Superalgos
The app has integrated several strategies, which you can capitalize on to enhance your trading and increase your income opportunities. They include discretionary trading, algorithmic trading, smart holding, and systematic trading. It is also possible to use the platform to create and customize your own strategies.
Pricing, fees, and commissions
The software is free and open-source. It runs on the user’s device, providing total control, with no counterparty risks, or random restrictions. Also, you won’t be asked to pay any fees or commissions on trades.
Deposit requirements
The bot doesn’t have any deposit requirements. However, depending on the exchange you are working with, you may be required to have a certain amount in your account for trading to be initiated.
What exchanges does Superalgos support?
Superalgos majorly works with Binance and Binance US. Nevertheless, you are at liberty to test any of these exchanges:
- Bybit
- BitMEX
- Bitfinex
- Bithumb
- Coinbase Pro
- Coinex
- Gemini
- Kraken
- KuCoin
- Huobi
- Liquid
- Poloniex
- Upbit
- Luno
- Okcoin
- And much more
The vendor recommends that you first use exchanges that are tried and tested until you know how to use the app efficiently.
What languages does Superalgos support in their brand?
This project supports many programming languages, including JavaScript, CSS, HTML, Dockerfile, Shell, and Ruby. As of now, a large percentage of developers have used JavaScript in their coding, making it the most preferred language. Ruby and Shell are hardly applied.
Can you really make money with this bot?
Yes, it is possible to make money with Superalgos. However, this will depend on your trading and coding skills as well as other external factors that are beyond your control. It is thus advisable to test the bot to learn which strategies work best to have some sort of guarantee first before investing. If you don’t, you could lose a lot of money much to your dismay.
Advantages of Superalgos
- Supports multiple currency pairs
- Works with a variety of trading languages
- Allows backtesting of strategies
- Cost-free system
Disadvantages of Superalgos
- Requires some technical skills to operate smoothly
- Its code can be vulnerable to security risks
Customer support
For customer support, reach out to the customer representatives or the trading community through the following platforms:
- Discord
- Telegram channel
- Facebook and Twitter
- Reddit and Medium
Who is Superalgos suitable for?
The app may be suitable for day traders cum developers interested in diving into the world of automated trading at minimum cost. Superalgos will allow you to develop your own bots, test them, and launch them into the market free of charge.
Superalgos summary: is it worth going for it?
We see no harm in trying out Superalgos, given that it is free. It presents a good opportunity for you to practice and test your coding skills. In the process, you can come up with some effective strategies that will increase your chances of making profits in the crypto market. However, you have to be careful with the platform since an API error or virus can lead to a loss of money.
