How does it work?
Cryptotrader.online automatically trades EUR/BTC or USD/BTC. An EUR/BTC trader trades in euros, a USD/BTC trader in US dollars. The mandate is Trading or Sell Only.
Buys automatically. A pocket is sold only when the sell price is above the buy price. Open positions can be at a loss.
No setup cost and no monthly fee. You pay 20% of realised profit. Exchange fees are extra. Credits are non-refundable.
Kraken and Bitstamp. Your funds sit on the exchange; you bear exchange risk. See Risks. Own management.
Financial Yield
Returns depend heavily on the bitcoin market. Here is the average return of existing users from recent years. Past performance is no guarantee. See also risks.
The app
The app works on desktop and on your phone. You see whether the trader is running, how many credits are left and what is in your exchange account. From the same screen you open every buy and sell, review your pockets and change your settings. The layout of that screen is on The UI explained.
Buy and sell strategy
For each trader you choose how it buys and sells. For buying you choose Automatic or Fixed. Fixed has three presets ready: Cautious, Moderate and Aggressive. For selling you choose Automatic or Custom. With Fixed and Custom you set the values yourself, and then you save the choice. The thresholds and the screens are on Buy and sell strategy.
Where is your money
Your coins and balance stay in your exchange account. The API key only gives rights to trade on your behalf in your own exchange account. We cannot take anything out of your account. The API key is stored on the servers of Cryptotrader.online. We use it to place buy and sell orders on your behalf. If the key is stolen and decrypted, third parties can open or close positions without your consent, but they cannot withdraw coins or balances. How you create the key, and which rights stay on, is on Own management.
Credits
You buy credits in advance, like prepaid phone credit. You choose 25, 50, 100 or your own amount and pay with iDeal or PayPal. Without credits the trader does not run: when the credit count is zero, it pauses. 20% of realised profit is deducted. Credits you bought are non-refundable. The steps in the app and the credit history are on Buying credits.
Pockets
A pocket is an open buy that has not been sold yet. Each buy gets its own pocket. You see amount, price, paid, fee and age. The trader does not spend the whole budget at once: the next buy again uses part of what is still there. Open pockets can fall in value for as long as they are unsold. The columns, and why it buys in parts, are on Pockets.
Actions
Actions is the log of every buy and sell. On a buy you see the amount and the price. On a sell you see amount, price, profit and margin, after the exchange fee. Each pocket is judged on its own. What each row shows is on Actions.
You get an email on every buy and on every sell. The email has the same ice-blue design as the app, with the logo and your figures in panels. The subject shows the trader’s alias. You also get an email when credits are too low. How those emails are built is on New emails.
Trading engine
The trading engine chooses buy and sell moments with a MACD chart. A moment that looks favourable is no guarantee: the engine cannot see the future. Past performance is no guarantee. The chart, the buy rule and the simulations are on Trading engine.