Wolfbot is a trading solution for completely automated orders execution on the crypto market. It lets us trade with over 600 crypto assets on a 24/7 basis. To decide whether it is a reliable trading tool or not, we have decided to check it out and provide our readers with a detailed Wolfbot review.
How does this crypto bot work?
The bot works completely automatically on various exchanges. Traders can also adjust their open positions with manual trading as it won’t interfere with WolfBot’s trading algorithms.
Getting started with WolfBot
To get started we have to download a copy of the robot. Then, we should customize the settings properly and attach the system to our exchange.
Company information
Unfortunately, the developers didn’t disclose information about the company and its legal registration.
Features of WolfBot
The presentation includes information about features, strategies, and possible settings customizations.
Experience free trading
- It seeks trading opportunities 24/7.
- The system exists on a closed service.
- We may work with it without installation.
- Wolfbot is an open-source trading solution.
Automatic trading
- The bot can help us with automatic trading on our account without problems.
- This includes risks of losing access to our wallet because API keys aren’t stored on our PC.
- The bot provides sentiment analysis to understand if there are trading opportunities available.
Money-management and security
- It supports margin trading that includes x2-x3 or higher leverage.
- The bot can lend coins to the traders who use leverage trading.
- We are allowed to trade with future contracts with high leverage levels.
- The system records trades after orders are executed.
Trading features
- The system executes the Arbitrage strategy to seek the price differences between exchanges.
- WolfBot can stay price-neutral on arbitrage and buy/sell the same amount on both exchanges
- Crypto markets are still inefficient. This allows us to have many arbitrage opportunities amongst hundreds of crypto assets.
- It’s possible to Hedge our positions for a small price.
- We can backtest the system properly.
- It can provide us with notifications on our smartphone.
- It uses machine learning to predict where the price moves.
- The system receives data from new candles, live trades feed, current unfinished candle updates, and orderbook modifications.
- It works with various indicators such as RSI, RSIStarter, RSIScalper, MACD, DEMA/EMA/SMA, PercentDEMA, BollingerBands, TrendLines, CCI, MFI, OBV, KAMA, STC, StochRSI.
Strategies of WolfBot
The system works with Arbitrage, Hedge, Trend, Scalping, and other strategies. When arbitrage is based on the price difference between exchanges the other strategies are focused on how the price moves and where it will be in the next time period.
Pricing, fees and commissions
We can subscribe for the system for: 1 month–$90.00, 6 months–$480.00, 1 year–$700.00. The package includes: WolfBot cloud instance, unlimited trading pairs, access to all official strategies, official indicators, plugins, and all exchanges, all three modes, backtesting, smartphone push notifications, no limits to trading capital, and premium support.
Deposit requirements
There are no deposit requirements provided. We can work with any account size.
What exchanges does WolfBot support?
There are various exchanges supported:
- Binance
- Bitfinex
- BitMEX
- Bittrex
- Kraken
- OKEX
- Bybit
- Poloniex
- Deribit
- Coinbase Pro
- Bitstamp
- Gemini
- FTX
- HitBTC
- Bibox
- Huobi
- KuCoin
- Liquid
- YoBit
- Bitkub
- Coss.io
- Cex.io
- Cobinhood
- FCoin
- Nova
What languages does WolfBot support in their product?
The robot supports English.
Can you really make money with this bot?
We don’t know this for sure because the developers don’t provide us with verified trading results that would prove us that the robot is a truly profitable solution.
Advantages of WolfBot
- Automated trading
- We can work from the cloud
- The system includes various indicators to spot trades
- We have an extended list of exchanges to work with
Disadvantages of WolfBot
- No team revealed
- No backtest reports provided
- No trading results available
- No refund policy supported
Customer support
The developers provide premium support as they say. However, we don’t know its quality. We may expect it has to be good and informative.
Who is the WolfBot suitable for?
The system can fit expectations of both: experienced and new traders.
WolfBot summary: is it worth going for it?
We can’t claim this for sure. The system has a good presentation with many features explained but lacks information about backtest reports and trading results. So, there are significant risks to subscribe for a solution that can’t make profits. Also, the system works on cloud, keeping API keys online. This can be a reason for losing our assets.
