Trality Review: Worth giving a shot?

It’s always nice to be able to modify the logic of your crypto trading bot. A greater degree of maneuverability means that you have more options and a better performance. What is too much liberty? Let’s take an in-depth look at Trality and see how it looks. The crypto market is one of the most exciting ventures a person can get involved in.

 

The cryptocurrency industry is still young and growing. This has attracted many day traders. Its rapid growth can lead to dramatic changes that could make you rich or wipe out your investments.

 

You can only navigate this dangerous maze with the right tools. In this case, these are crypto trading bots.

 

You will have more options and features as a trader to react to changing conditions. You must keep up to date with all developments in crypto trading.

 

Cryptocurrency traders are often unfamiliar with the subject.

 

Only a few crypto traders have the ability to create complex trade automation software from top to bottom.

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MIN. DEPOSIT

$50

EXCL. OFFER

USER RATING

9.8

4.9/5

78% 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

$100

EXCL. OFFER

USER RATING

9.7

4.8/5

Trading forex or CFDs on margin involves a high degree of risk and may not be suitable for all investors. There is a possibility that you may suffer a loss equal to or greater than your entire investment.

MIN. DEPOSIT

$250

EXCL. OFFER

USER RATING

9.6

4.5/5

 

It is important that bots work well for all levels of players.

 

Trailty is an automated cryptocurrency trading software. Although it is not a bot, it can assist you in creating one.

 

What can we make of this? It’s a magic solution that will turn your trading logic into executable code. Is it a mess that will increase your confusion, and convince you that cryptocurrency trading is not right for you? Trality is an effective trading automation tool.

What is Trality?

Register

Registering is easy: Visit Trality and sign up. Click on the confirm link.

Create a bot

To create your bot it is a time-consuming and tedious process. Trality provides tutorials on the Code Editor and Rule Builder to ease your burden.

Connect Exchange

Next, go to the settings menu and add your future exchange account. Your API key is required for live-trading.

Trade

It is as simple as clicking the “start bot” button in the upper-right corner.

 

Trality’s help section “Getting Started” can answer any questions you may have.

Trality Features

Code Editor

Trality’s breakthrough product is the Code Editor. This allows you to create bots. Trality claims that it is the only company offering a browser-based Python editor which can be used to create trading bots.

 

This allows Python-savvy users with programming experience to quickly and securely create complex strategies.

 

The Code Editor includes a debugger and popular libraries such as NumPy, Pandas, Tulip,TAlib, etc. As a starting point, you can use one of the prepared bot templates.

Rule Builder

Trality has the Rule Builder. This interface allows users to trade algorithmic crypto currencies using a Drag and Drop interface.

 

You can create flexible bots with the Rule Builder by using boolean logic.

 

Simply by placing the right strategies or indicators in the correct order, you can create the bot’s trading logic. You can customize the bot with many predefined strategies.

Backtesting and paper trading

Trality’s greatest selling point is its ability to gradually become used to algorithmic trading.

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For a cryptocurrency bot to be profitable, it is important to do good backtesting. This seems to be the success of the platform.

 

Trality’s backtesting tool was surprisingly fast after several attempts. The implementation is done in-browser. This is despite the fact that there are tons of historical data available right down to the minute candles, which makes backtesting extremely fast.

 

Flexible backtesting tools are available. The algorithm can be used in different situations and for different time periods.

 

You can also save all your backtest history to ensure that you are always in the most profitable setting. You can send the algorithm to paper trading before it enters live-trading.

How much does Trality cost?

Trality offers four subscription plans, each with different features and pricing options. Each of Trality’s subscription plans has a different price and includes the Pawn Service. All plans include unlimited, free backtesting, live trading, and paper-trading.

 

Here are the various payment options and offers offered by Trality:

 

Pawn Knight Rook Queen
Price No cost EUR9.99 ($12.10) EUR39.99 ($48.40) EUR59.99 ($72.60)
Trading Volume Quota EUR5,000 ($6,050) EUR25,000 ($30,250) EUR250,000 ($302,500) Unlimitable
Smallest tick interval 1hr 1hr 5m 1m
# Live and Virtual Bots 1 2 5 10
Log retention 1 Week 1 Month 6 Months Unlimitable

 

Trality’s website lists every payment plan in euros. To convert the cost to U.S. dollars, the current EUR/USD exchange rate is 1.21. Dollars are required for placing in the table.

 

These are additional parameters that can be added to the plan:

 

  • The trading volume quota refers to the total volume of all bots. This includes all executed buy and sell orders, which are tracked in the equivalent fiat currencies on a monthly basis. You will be notified once your quota is exhausted. If you exceed your quota, the system will not process any sale orders.
  • The smallest tick interval: Your plan determines the tick interval during which your robot can execute trades. Trality can support intervals of 1, 5, 15, 30, and 60 minutes, 1, 6, and 24 hours, as well as 1 day.
  • Live and virtual bots: This row shows the number of live and virtual bots that are available to trade in a demo account or funded account depending on which pricing plan. One bot can run on multiple tick sizes and use different trading strategies to trade multiple trading pairs.
  • Log retention: Bot logs can be used to debug actions taken by your bot at one point in time. Trality stores logs for a fixed period of time on most plans or for indefinite periods in the most costly plan.
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Pros & Cons

Pros Cons
Both coders and non-coders can use these tools Mobile apps are not yet available
End-to-end encryption This is the most well-known, but it requires more
Interactive, graphic-based user interface. It is easy to use.
Fully cloud-based system

Supported Exchanges

After a bot is created and tested it can be immediately deployed to live trade on any of the increasing number of cryptocurrency exchanges. Trality currently supports four exchanges:

 

  • Binance
  • Bitpanda
  • Coinbase Pro
  • Kraken

Trality Review: What’s the verdict?

What is Trality? Trality is software that automates crypto trading, but not in the way that regular day traders would expect.

 

Software is software. A script factory. You can create a meta-bot using Python.

 

It is not an easy task, but it is a good idea. This will result in beginners being confused, while experts continue to search for more powerful solutions.

 

Trality isn’t well-reviewed online. You won’t want it to be missed because it is a niche or obscure product.

 

You have many options for real trading bots and better options available, regardless of whether you are just starting out or trying to optimize the performance of your bot. These bots include Quadency, Bitsgap.

 

It won’t take you hours to switch between the platforms.

 

Give them a shot and give Trality a huge pat on the back. Better luck next time!

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