Altrady Review 2023
In a flood of new software dedicated to automating crypto trading, it is hard to distinguish gold from coal. Especially if you are new to the field.
Getting a good crypto trading bot is crucial to your success as a crypto day trader, so a little help from an unbiased review is always welcome.
In the spotlight today is Altrady. Is it an optimal solution for you?
Cryptocurrency is exploding. In little over a decade it has grown from an experimental project to a legal tender in some states.
A common trope in sci-fi movies of the last century has turned into a new reality.
Crypto is here to stay, thus investing into crypto and trading it in its early phase is a profitable, although dynamic process.
Viable tokens are decentralized, new markets prone to sudden changes, and value wings grow in size to make or break accounts in a blink of an eye.
A good crypto trading bot can be what makes all the difference. Finding a good crypto trading bot, however, is by no means an easy task.
It has to be profitable, reliable, and simple enough to use yet flexible enough to adapt to the chaotic trends in the market.
Can we find all that in Altrady? Is it a good enough trading bot to recommend to users? Hopefully, we will find that out in this Altrady review. Let’s begin, shall we?
Altrady is a crypto automation platform designed to combine multiple functionalities into a single package and a single platform.
Relying on smart technologies and AI-driven research, it aims to increase the reliability and profitability of dealing with digital currency across multiple exchanges and markets.
Equipped with pre-formed scripts with a degree of customizability, Altrady promotes signals as a driving force behind the decision-making of its automation tools.
These commitments are supported by deep analysis of the market, real-time derived data, and a unified portfolio management which acts as a trading terminal for users to track the performance of their business on a daily basis.
That daily basis is the crux of Altrady’s automation efforts.
As a crypto trading bot, its primary goal is to reduce the time spent on various devices in order to perform crypto trading from several hours to a dozen of minutes per day.
This effectively leaves room either for another career or leisure and free time to spend with friends and family. In either case, a win-win situation.
This is all on paper, of course. Well, not really on paper, but on Altrady’s homepage.
How does Altrady’s trading bot perform in reality? Let’s move on with the review to explore its behavior in an actual environment.
Altrady Trading Bot Review
As mentioned briefly above, Altrady’s trading bot focuses on signals as its primary mode of operation.
This means that it has extensive support for obtaining data around the web about price trends and market circumstances and uses certain presets to execute deals that go according to the strategy.
As for adding third-party trading signals, Webhook and Tradingview have integrated support and you can also have your own signals as an input.
The script editor is a generic drag-and-drop interface that we have commonly seen before.
This means that the focus is shifted away from conventional coding and script-making and towards attracting visual types, non-coders, and beginners in crypto trading.
Standard features such as Take Profit and Stop Loss are available for implementation, but Altrady swerves little beyond the well-trodden path of common features used by its competition.
Nothing too advanced here, so if you are looking for something more powerful and innovative, this review has some sad news for you.
However, those not as ambitious and those still learning the ropes may find everything that they need here.
Altrady advertises its software as a trading terminal that will unify your disjoined operations around the web into a single and convenient interface, so it is only natural to include at least a rudimentary portfolio manager.
It calculates your total balance and comes with a risk management calculator that can alert you if you are dipping into the red.
With the help of an automated position tracker, Altrady tries to keep all things under control and executes favorable actions automatically.
Nothing over the top, but it covers the basics. It will please casual traders and keep the newcomers entertained.
Ease of Use & Accessibility
In the introductory part of the review we have mentioned the balance between ease of use and performance as the key factor when determining the rating of a crypto trading bot.
After all, what’s the use of the best crypto trading bot on the planet if no one can use it?
On the scale between simplicity and functionality, Altrady tips towards simplicity.
The user interface is designed to make things look simple and this is ideal for newcomers to the industry and casual traders.
The fact that it unites components of your trade into a single terminal is also meant to be a quality of life change.
Everything looks simple, feels easy, and works as intended, right?
Well, right. However, on the flip side, this ease of use sacrifices a lot of performative potential.
In other words, streamlining options into a single path irrevocably sacrifices more complex customization options and certain, more advanced features.
While those indeed might confuse more than help rookie traders, those with more time spent trading under their belt will definitely feel the lack of these options on their skin.
Limit what you can do with your bots and you have necessarily limited its performance.
This is something that will drive intermediate to expert level traders away from Altrady for sure.
If you think of yourself as someone in one of these two categories, you might be saddened to hear that it is perhaps best to look elsewhere.
If you are a beginner, though, then you might yet find use for Altrady.
A trading terminal that offers support for multi-exchange integration and portfolio management has to have a plethora of supported exchanges.
If this criterion is not met, the whole multi-tool purpose is lost at the start.
Altrady knows this and prevents this loss of purpose by providing extensive support for several major cryptocurrency exchanges.
This is a much welcome move and this review would do injustice to Altrady if it did not commend it. We applaud this move, well done!
Altrady’s services come in three plans.
The first one is the Basic plan, and it comes for $27.45 per month, or $19.22 per month if you opt for an annual package.
The Basic package comes with crypto base signals on ApexTrader, Nefertiti, Zignaly, Le-Trader, 3commas, and others.
Trading terminal, portfolio, trading analytics and various other customizable alerts are also in this package.
Signal bots are present as well. However, this package is limited to 2 multi-pair bots and lacks the GRID bot option.
Essential, the second pricing plan, comes for $49.45 per month ($34.62 if taken for a whole year).
It expands on the basic plan with the addition of base scanner and quick scanner, risk-based size calculator, GRID bot, trailing stop, and take profit smart trading features.
The limit on active bots is raised to 5 and quick scanner has a 5 seconds push interval with minimum percentage change of 2%.
The ultimate pricing plan, Premium, costs $87.95 per month ($61.57 if annually) and upgrades the whole deal to a limit of 25 total active multi-pair bots, 1-second interval for the quick scanner, and a minimum percentage change of 0.1%, which can be useful for traders with large traffic total.
Alternatively, you can obtain signals only for $15.33 per month, billed annually.
It is worth noting that a 14-day free trial of all features is available to everyone so you can sample their services first and decide whether you will stick with them later.
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Altrady Review Verdict
Finally, this Altrady review has to provide a specific answer to a question posed in the beginning.
Is Altrady a recomendable software for trading automation? Is it more reliable, more profitable, and better performing than its competition?
The answer is no. Why?
Because, while it does cater to a beginner audience and provides certain steps in the right direction, it essentially provides nothing new or better than your average, run-of-the-mill automation company.
On the contrary, by catering to a newer audience, it loses much of the performance that you would usually expect in such a product.
This absolutely does not mean that there are no automation solutions out there that do this job splendidly.
A perfectly nuanced ratio of ease of access and performance, these two offer much more than Altrady ever could.
Don’t wrap your head around it. After all, you’re free to try them all and see the difference for yourself.
Or cut the waste of your time and grab the better option right now.