Chart Spread Display Indicator and Its Position Settings
Article OctoBot
Summary
This short description covers an indicator that displays the current spread on a trading chart. It says users can adjust the displayed font, text color, and font size, and choose where the spread label appears. Four chart corners are available through a numeric position setting.
The document describes a chart-display utility rather than a trading signal or strategy. It gives no definition of how spread is measured, no market or instrument examples, and no evidence about execution quality or trading outcomes. The setting details may help users configure a visual spread readout, but the text does not explain whether the displayed spread reflects bid-ask quotes, includes fees, or updates under particular market conditions.
Key ideas
- The indicator places a spread readout on a chart.
- Users can configure its font, color, and size.
- The label can appear in any of the four chart corners.
- The description provides no trading rules or performance evidence.
Tags
Full text
# 5 Best AI Crypto Trading Bots
---
title: "5 Best AI Trading Bots"
description: "Discover the best AI trading bots. Compare top free and paid Artificial intelligence bots, their features, ease of use, and pricing."
slug: "best-ai-trading-bots"
date: "2024-05-07"
authors: ["paul"]
tags: ["Cryptocurrency", "Trading", "Plans"]
image: "/images/blog/best-crypto-trading-bots/cover.png"
---
# 5 Best AI Crypto Trading Bots
Choosing the right Artificial intelligence crypto trading bot from the many options available can be tough. This article is here to help you find the best one for your needs.
## What is a crypto trading bot?
Crypto trading bots are like your digital assistants for cryptocurrency trading.
They work autonomously, executing trades based on your chosen strategies, which means you don't need to constantly monitor the markets.
## What is an AI crypto trading bot?
An AI crypto trading bot utilizes artificial intelligence algorithms to automate trading processes in the cryptocurrency market.
By analyzing vast amounts of data and market trends, these bots can execute trades based on predefined strategies without constant supervision.
With many traders using them today, they're a popular choice for both beginners and experts.
For those new to crypto trading, these bots often come with user-friendly strategies to help you get started easily.
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Now that we have a clear understanding of what a crypto trading bot is, let's
explore the various types of trading bots available in the market.
</div>
## 1. OctoBot
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[OctoBot](/) is a flexible and easy-to-use trading bot that offers a variety of strategies for free, including [AI-based](https://www.octobot.cloud/features/ai-trading-bot), smart [DCA](smart-dca-making-of), and GRID strategies.
It's [open-source](open-source-trading-software). With its focus on transparency, users can backtest strategies or use paper trading and track performance.
OctoBot supports most major crypto exchanges and offers premium plans for advanced users, making it suitable for both beginners and experienced crypto investors.
It also offers crypto [AI predictions](https://www.octobot.cloud/tools/crypto-prediction) and AI focused [crypto baskets](https://www.octobot.cloud/features/crypto-basket).
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<Rating
title="Ease of use"
level={3}
h="14px"
tooltipText="User-friendly with AI-based and various pre-made strategies for beginners and pros"
/>
<Rating
title="Price"
level={3}
h="14px"
tooltipText="Multiple free offers with options for advanced premium plans"
/>
<Rating
title="Features"
level={3}
h="14px"
tooltipText="Open-source, supports major exchanges, variety of trading strategies, backtesting, and performance tracking"
/>
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</Card>
## 2. CryptoHero
CryptoHero offers automated crypto trading to many cryptocurrencies and integration with major exchanges like [Binance](https://www.octobot.cloud/binance-trading-bot) and Kraken.
Users can set parameters, leverage AI-optimized bots for simulations, and use backtesting for strategy refinement.
<Card className="mx-auto mt-5 py-5 border-0">
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<Rating
title="Ease of use"
level={2}
h="14px"
tooltipText="The dashboard may seem a bit complicated"
/>
<Rating
title="Price"
level={3}
h="14px"
tooltipText="Free offer and competitive pricing compared to similar platforms"
/>
<Rating
title="Features"
level={2}
h="14px"
tooltipText="Simulation, Backtesting and integration with major trading platforms"
/>
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</Card>
## 3. 3Commas
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3Commas is a paid crypto trading bot, offering GRID, DCA and Signal bots.
Known for its user-friendly interface, 3Commas supports multiple trading strategies and technical indicators.
It also features a marketplace for third-party crypto signals.
<Card className="mx-auto mt-5 py-5 border-0">
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<Rating
title="Ease of use"
level={3}
h="14px"
tooltipText="Easy-to-navigate interface with multiple trading strategies"
/>
<Rating
title="Price"
level={1}
h="14px"
tooltipText="Expensive paid service"
/>
<Rating
title="Features"
level={2}
h="14px"
tooltipText="Supports GRID, DCA, and Signal bots with a marketplace"
/>
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</Card>
## 4. Cryptohopper
Cryptohopper is a paid crypto trading bot, offering a 3 days free trial for new users.
It stands out for its market-making bot and the ability for users to create custom trading strategies or copy others' from its marketplace.
The platform also supports automated trading via a telegram bot and offers additional services like crypto signals, strategy templates, and paper trading.
<Card className="mx-auto mt-5 py-5 border-0">
<div>
<Rating
title="Ease of use"
level={1}
h="14px"
tooltipText="Challenging for beginners, offers market-making bot"
/>
<Rating
title="Price"
level={2}
h="14px"
tooltipText="Free and paid plans, suitable for various budgets"
/>
<Rating
title="Features"
level={3}
h="14px"
tooltipText="Custom strategy creation, telegram bot trading, and paper trading"
/>
</div>
</Card>
## 5. Pionex
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[Pionex](https://www.pionex.com/en/signUp?r=octobot) ([Pionex.us](https://accounts.pionex.us/en/signup?ref=octobot) for US citizens) is a trading platform that became famous for its user-friendly automated trading bots, allowing traders to execute strategies effortlessly.
Le platform trading bots can be tailored using AI to fit different trading styles, making it ideal for traders seeking flexibility.
Pionex empowers users to improve their strategies and manage risk effectively using backtesting and performance monitoring tools.
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<Rating
title="Ease of use"
level={2}
h="14px"
tooltipText="Easy to use copy bot but complex bot creation"
/>
<Rating
title="Price"
level={3}
h="14px"
tooltipText="Low exchanges fees"
/>
<Rating
title="Features"
level={3}
h="14px"
tooltipText="Great variety of pre-made bots"
/>
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</Card>
## Conclusion
In conclusion, whether you're new to trading or an experienced investor, there's an Artificial intelligence crypto trading bot that's right for you.
These bots come with different features and pricing, so you can find one that matches how you like to automate your trading.
You didn't find what you were looking for ?
If you are looking for more AI tools to automate and improve your investments, <a href="https://www.insidr.ai/" rel="nofollow">Insidr.ai</a> is a great website referencing a ton of useful AI tools.Shown in full with attribution under the source's licence. Licence: GPL-3.0
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.