Botee.Trade is a cloud-based trading platform available on a desktop and a mobile interface. The platform allows traders to code their game plans using advanced trading tools. It was first developed in 2017 to test multiple crypto strategies on backtests and live markets. We will review the service in our article to see if it can be profitable for beginners and professionals alike.
Botee.Trade is packed with the following features:
- Trading cryptocurrencies 24/7
- Set custom time frames for analysis
- Customize buy and sell strategies
- Free backtests and unlimited paper trading
- Notifications available via Discord and Telegram
How it works
Botee.Trade uses the coded information to place respective buy or sell orders in the market. Multiple settings can be configured according to the will of the trader. To start trading, participants will have to connect their exchange with the help of API keys.
How to get started with Botee.Trade?
Traders can start with the service in the following steps:
- Purchase one of the subscription plans available on the website
- Create an API key and connect it with the bot
- The algorithm will place a trade as soon as it finds a suitable opportunity
Botee.Trade offers its services via monthly subscription packages. The plan differs in terms of maximum deposit and customer support.
|Plans||Monthly Price||Max Portfolio Value|
Fees and commissions
There are no additional trading fees other than the monthly costs. Nonetheless, traders will have to pay the maker/taker fee at their crypto exchange.
What exchanges does Botee.Trade integrate with?
Botee.Trade integrates with two cryptocurrency exchanges:
Security and reliability
The developers state that the bot does not have deposit or withdrawal rights on your exchange. The algorithms are independent and with their own servers.
What languages does Botee.Trade support in their product?
Botee.Trade supports only the English language at the moment.
What kind of support options does Botee.Trade offer?
Traders can only contact the authors with the help of an email and phone number. The developers are not transparent about their names and whereabouts. Such practice definitely speaks about the product inferiority.
Strategy: hedge, scalp, and futures
Botee.Trader has a number of technical indicators, including MACD, Bollinger bands, RSI, Stochastic and Stochastic RSI. Traders can use dynamic stop loss and take profit on their trades. The platform supports averaging strategies and the use of leverage. Both of them can add significant risk on your portfolio.
Botee.Trade review: backtesting
Botee.Trade claims to offer free backtests and unlimited paper trading on virtual funds. However, no historical reports are available on the website which counteracts their statements.
The EA does not have proper live records tracked by any renowned trading platforms, such as TrustPilot, etc. This keeps us blind regarding actual drawdown, win rate, and profitability.
Botee.Trade: user experience
There are no customer reviews present for Botee.Trade on notable platforms such as TrustPilot. Without verified user feedback, it is not possible to know how the general market feels about the algorithms and their performance.
Should you use Botee.Trade?
Botee.Trade supports Dollar Cost Averaging strategies that can cause a high drawdown if the market trends in one direction. The platform is unsuitable for beginners as it may require advanced coding skills.
Fees and Commissions:5/10 Neutral
Ease of Use:5/10 Neutral
- Unlimited backtests
- Dynamic exits on trades
- Lack of vendor transparency
- No live or backtesting records
- Uses risky grid strategy
- Provides leverage which can cause a high drawdown