CLEO.one Review: Most well-rounded trading bot?

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CLEO.one is a cloud-based cryptocurrency trading software that allows users to either create trading bots themselves or use pre-existing templates to automate cryptocurrency trading.

 

CLEO.one created an easy-to-use interface for casual traders to help them find proven strategies and other trading techniques. It also solves the problem of “noncoders trying to code”. It eliminates programming languages and allows users to simply type plain English syntax to give basic instructions for bots.

 

It is possible that novice traders without any programming experience will feel more comfortable if they don’t have to deal with the intelligible text walls found in typical written code.

 

CLEO.one provides a variety of utility and quality-of-life improvement tools. They also encourage paper testing and backtesting.This is to avoid confusion.

 

CLEO.one simplifies the process of processing daily trade activity and reduces the number of steps required. The team claims the 3-step process is faster, easier, and more risky than the 15-step process.

 

It is difficult to create a bot that is simple but also performs well. Did CLEO.one manage to do it? What happens when reality is faced?

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MIN. DEPOSIT

$250

EXCL. OFFER

USER RATING

9.8

4.9/5

73% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MIN. DEPOSIT

$50

EXCL. OFFER

USER RATING

9.7

4.8/5

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 78% of retail investor accounts lose money when trading CFDs from this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MIN. DEPOSIT

$250

EXCL. OFFER

USER RATING

9.3

4.5/5

CLEO.one: How to use it

The platform can be used to collect a lot of data and help you develop your trading strategy.

 

Here is a quick overview about CLEO.one’s possibilities:

 

  • Strategy for forex, crypto and equities
  • Strategies that are based on BTC dominance and price action. Indicators, etc.
  • Back-test your strategy.
  • Automated strategies to support crypto-trading robots on exchanges
  • With sound risk management, manual trades can still be made.
  • Trading on paper is possible
  • You can reduce trade risk by simultaneously placing take-profit and trailing stop-loss order simultaneously
  • Free access to proven strategies that work are profitable and tested

 

CLEO.one provides all the information required to create your trading robot, unlike other providers.

Strategy creation

CLEO.one’s most important selling point is its intuitive interface that allows users to quickly create strategies. It’s intuitive, simple and easy to use.

 

This platform makes it easy to start trading even if you have never used one before. All data is obtained from the most reliable financial institutions to ensure accuracy.

 

Users can choose to create their own strategies by choosing from equity, crypto, or forex. You can also choose pre-defined trading pairs, and the point at which the position should be executed.

 

There are hundreds of trading parameters and trading pairs to choose from. CLEO.one gives you complete control over your strategy and flexibility.

 

These are just a few examples of the options you have:

 

  • Technical indicators, candlestick patterns, and price action are just some of the many technical indicators.
  • There are many options to adjust position amounts. These include static numbers up or down, crossing over, crossing below, and many other methods.
  • Stop-loss and take-profit orders can be used to adjust asset or money management based on market price, current balance, percentage, or market price.
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These can all be done for one asset but can also be used for multiple assets. The site currently has over 40 forex pairs, and hundreds of cryptocurrency trading pairs. You can also find more than 80,000 US equities.

 

A trading robot doesn’t require you to code or program. You just need to enter your ideas. This is where trading bots can be created from your strategies.

 

If you are happy with your formula’s performance, these strategies can be automated to become crypto trading bots. If you aren’t satisfied with your formula, you can still trade manually.

 

Please note: Your strategies will be saved to the platform. It is crucial to make sure that no one else has access. CLEO.one protects the strategy you have created as intellectual property. They are subject to legal obligations that prohibit others from using it or sharing it.

Free strategies

CLEO.one lets you create strategies and provides access to proven strategies. There are six strategies that you can use to trade equities, forex, and cryptocurrencies.

 

These strategies are based upon popular fundamentals and indicators. Any of these methods can be modified to make your own strategy. After you’ve completed editing, you can make them into full-fledged trading bots.

CLEO.one Features

CLEO.one’s most appealing feature is its non-coding process to create bots in plain English.

 

The process works similarly to coding. The analyzer takes into account only approved key words such as TAKE PROFIT, BUY OR STOP LOSS, and other. Other words are not given much attention.

 

CLEO.one bots are data-driven and can include many indicators, candles, and fundamentals.

 

You can use the trailing stop loss or take profit features, but the whole package is easy to use for beginners

.

The PANIC button allows users to immediately stop trading and pull out of the markets. Because of extensive paper trading and backtesting, this button is not as important.

 

You can either create your own plain-English bots, or you can use strategies that already exist. You can adapt to the trends in crypto markets.

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The service provides these codes. Clients can put their codes in circulation, and obtain other codes if needed.

 

This is a simple package that will help you get started in crypto trading.

Pros and Cons

Pros Cons
It’s easy to make a bot for crypto trading The list of supported exchanges is not complete
A majority of the data on any crypto platform is public
Amazing backtesting and paper trading capabilities

What does CLEO.one cost?

When you select CLEO.one, there are three pricing options. You can also choose to be qualified-free.

 

Bitpanda Pro or Binance offer a qualified free account. You can also trade live on paper or in real time with 100 backtests, and it offers 3 strategies. Each strategy has 3 assets and 3 rules. The minimum trade time is 15 minutes.

 

The Starter plan is 69 EUR/month, and provides the same offer as the qualified free option.

 

The Starter plan offers 10 rules per strategy, instead of the three available in the free plan.

 

The Trader is 199 EUR/month. It includes 50 live paper/live trading, 500 backtests, and unlimited strategies. Each strategy has 10 assets and 10 real time paper trading.

 

For 349 EUR/month, Trader Pro plans are also available. This plan will eliminate most of the restrictions and allow uninterrupted trading.

Supported exchanges

CLEO.one offers support for cryptocurrency trading.

 

Five exchanges are supported:

 

  • Binance
  • US
  • Bitfinex
  • HitBTC
  • Coinbase Pro

 

Future integration will be seamless for all exchanges.

What is the verdict?

It is a clever idea but changing code to plain English will not solve the many problems that plague CLEO.one.

 

A cryptobot’s overall performance can be affected if it has too many features.

 

There are many other crypto trading bots that are more powerful. Bitsgap and Quadency, for example, have created beginner-friendly methods and techniques, while still maintaining pros-friendly features.

 

Everything is possible with balance. The performance of crypto trading is no exception. Bitsgap and Quadency far surpass CLEO.one’s.

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