9 Best FTX Trading Bots for Automated Crypto Trading in 2023

Trading cryptocurrencies like Bitcoin and Ethereum can be challenging, especially for new traders entering the highly volatile crypto markets. This is where crypto trading bots come into play.

Trading bots are software programs that connect to cryptocurrency exchanges via API and can automatically execute trades on your behalf 24/7 according to preset trading strategies and algorithms.

One of the most popular crypto exchanges that is widely integrated with trading bots is FTX. FTX has grown rapidly to become one of the highest volume cryptocurrency exchanges, known for its robust trading platform and extensive liquidity.

In this guide, we‘ll explore the top 9 best trading bots for automating your crypto trading on FTX in 2023.

How Trading Bots Work

Before jumping into the top trading bot recommendations, let‘s briefly examine how trading bots work under the hood.

Trading bots connect to exchanges like FTX through a read-only API key. This allows them to interact with the exchange on your behalf to monitor prices and place buy and sell orders. However, the API key does not permit the bot to withdraw your funds from FTX for enhanced security.

You configure your trading bot according to your preferences and trading strategy rules. For example, you may program it to buy Bitcoin whenever the price drops below $20,000 and sell when the price exceeds $21,000.

The bot will then monitor Bitcoin‘s price 24/7 and automatically execute trades according to your programmed strategy. More advanced bots let you program much more complex conditional logic.

Trading bots execute trades consistently based on the programmed logic without being influenced by emotions or bias. This rules-based automation helps implement disciplined trading strategies.

Now let‘s dive into the top recommended trading bots for automating your crypto trading on FTX.

1. Bitsgap – Best for Beginners

Bitsgap is our top overall recommendation for FTX trading bots, especially for beginners. It offers a polished user interface alongside powerful automated trading capabilities.

Some of the standout features Bitsgap provides include:

• Grid trading bots – Take advantage of choppy price action by placing buy and sell orders in a price channel. As price moves up and down, the bot sells high and buys low to accumulate profits.
• DCA bots – Automatically dollar cost average into positions over time to reduce entry price risk. Split purchases up over days, weeks, or months.
• Trailing take profit – Trailing stops follow the price movement to lock in profits during uptrends and cut losses during downtrends.
• SMA & EMA cross bots – Use moving averages to identify trend direction and crossovers. A widely used trading strategy by pros.
• Arbitrage bots – Profit from pricing inefficiencies across exchanges by buying on one exchange and selling simultaneously for a higher price on another exchange.

In addition to automatic trading bots, Bitsgap provides portfolio tracking across multiple exchanges, technical analysis tools, and a smart trading terminal for manual trading.

Bitsgap is nicely designed for beginners but also has the advanced functionality needed for experienced traders. There is a free 7-day trial so you can give it a test run.

Paid monthly subscription plans range from $29/month up to $149/month. Overall, Bitsgap hits the sweet spot between being user-friendly for crypto trading newcomers while still packing professional-level trading capabilities.

Start Automating Your Crypto Trades on Bitsgap

2. Coinrule – Best for Customized Automated Trading

Coinrule is a very powerful trading automation platform designed for intermediate to advanced crypto traders. While not as beginner-friendly as Bitsgap, Coinrule delivers the flexibility to customize complex automated trading systems.

Some of the key features include:

• 150+ pre-built trading rules – Construct strategies using trading rules like RSI, breakouts, DCA, filtering by volume, and many more. No coding required.
• Unlimited custom indicators – Code your own custom technical analysis indicators using Python (like moving averages) that can trigger trades.
• Backtesting – Test the historical performance of your trading systems before risking real capital. Tweak parameters to optimize profitability.
• Paper trading simulation – Simulate real-time paper trading to check performance before going live with real funds.
• Copy trading – Subscribe to strategies created by other successful Coinrule users to copy their automated trades.

While Bitsgap has more ready-made trading bot templates, Coinrule gives you the flexibility to fully customize complex automation strategies yourself without coding knowledge.

There is a forever free plan for basic strategy building and backtesting. Paid subscriptions start at $29.99/month. If you want to unlock the full potential to create custom automated trading algorithms tailored to your style, Coinrule is the perfect power user tool.

Automate Your Trading Strategies on Coinrule

3. NapBots – Best for Pre-Made Crypto Trading Bots

NapBots stands out by offering an entire marketplace of pre-made crypto trading bots managed by experienced traders. So if coding bots sounds too complex, NapBots provides the perfect shortcut.

It essentially allows you to invest in established profitable trading strategies without doing any of the development work yourself.

NapBots provides over 80 minimum viable trading bots across 3 categories:

• Beginner – Trend-following and reversal bots suitable for new traders.
• Advanced – More complex scalping and countertrend strategies for intermediate traders.
• Pro – Sophisticated algorithmic and volume spreading strategies aimed at professionals.

The bots include recommended settings, historical performance metrics, and past trades so you can evaluate them. You can also chat with the bot developers.

There are integrations with FTX and all the major exchanges. You simply pick a strategy, fund it with capital, and let it trade automatically on your connected exchange account.

Pricing starts at $49/month for access to the starter bots. NapBots also provides proprietary crypto market sentiment indicators and a Discord community with over 7,000 members. For easy plug-and-play crypto trading automation, NapBots is a top choice.

Browse Profitable Crypto Trading Bots on NapBots

4. Quadency – Best for Advanced Portfolio Management

Quadency positions itself as a more advanced trading platform tailored towards professionals, institutions, and hedge funds. Beyond bots, it provides portfolio automation, analytics, and reporting.

Some highlighted features include:

• Unified portfolio dashboard – Consolidate all your balances, holdings, and performance analytics across exchanges in one dashboard.
• Advanced trading engine – Make complex trades with conditional orders, limits, staggering entries and exits over time, and more.
• Backtesting – Test how well strategies and portfolio asset allocations would have performed historically.
• Portfolio automation – Automatically rebalance portfolios according to target percentages.
• Custom alerts – Get notified based on price movements, technical indicators, balances changes, and more.

While tools like Bitsgap and NapBots are better for straightforward trading automation, Quadency excels at advanced portfolio management, analytics, and execution.

Pricing starts at $9/month for individuals with a 14-day free trial available. For large-scale traders and institutions, Quadency offers enterprise-grade solutions for managing crypto trading at scale across multiple exchanges like FTX.

Explore Quadency‘s Powerful Trading Platform

5. Kryll – Best Crypto Trading Strategies Marketplace

Kryll focuses heavily on community. At the core is its marketplace featuring hundreds of trading strategies created by community members that can be rented and used royalty-free.

It essentially empowers collaborative trading automation. You can leverage the work of other savvy crypto traders on FTX by using their strategies.

Some of the key components include:

• Strategy marketplace – Rent community-built trading strategies starting from $5/month per strategy. Use them across any connected exchange like FTX.
• Strategy builder – Visually design your own automated trading strategies without coding through a drag-and-drop interface.
• Sharing – Publish your custom strategies to the marketplace to earn passive income when others subscribe.
• Backtesting – Validate your strategy against historical market data to assess potential performance.

Kryll offers a forever free membership for basic users. Paid subscriptions start at $12/month for active traders seeking unlimited strategy usage. For those looking to benefit from collaborative community-driven trading systems, Kryll is a top choice.

Check Out Kryll‘s Trading Strategy Marketplace

6. Cryptohopper – Best for Beginners

Cryptohopper aims to make automated crypto trading simple for beginners to use while still providing backtesting capabilities for validity.

Some of the key features geared towards new users include:

• Strategy designer – Build and adjust strategies through a visual designer without any coding required.
• Starter guides – Video courses explain how to set up and utilize Cryptohopper for beginners.
• Marketplace – Browse and purchase strategies designed by experienced and vetted traders.
• External signals – Incorporate signals from professional technical analysts to trigger buys and sells.
• Paper trading – Simulate strategy performance in real-time with fake money before committing real capital.

Cryptohopper offers templates for short and long strategies, dollar cost averaging, timing market entries and exits, and using indicators like RSI. The beginner-friendly tools make it easy to implement automated crypto trading.

There‘s a free starter package to test it out before upgrading to paid subscriptions starting at $19/month. For those new to crypto bots, Cryptohopper offers the perfect easy introduction point.

Get Started with Cryptohopper

7. TradeSanta – Best for Binance and Huobi

TradeSanta focuses on automated trading across top exchanges like Binance and Huobi. It offers pre-built trading bots, technical indicators, and a marketplace to find bot strategies.

Some of the key features include:

• Grid bots – Place buy and sell orders in a price range to profit from volatility.
• Dollar cost averaging bots – Periodically buy an asset to reduce entry timing risk.
• SMA bots – Use crossover of simple moving averages to trigger buy and sell points.
• Strategy marketplace – Browse and purchase trading systems designed by other TradeSanta users.
• Technical indicators – Incorporate indicators like RSI and Bollinger Bands into automated strategies.

While TradeSanta has fewer direct integrations with FTX compared to alternatives on this list, it excels when it comes to Binance and Huobi trading automation. There are also useful tools for trend analysis and backtesting strategies.

Plans start at $14/month for Strategy Builder access after a 7-day free trial. For automated trading focused on Binance and Huobi, TradeSanta is a compelling option.

Try the TradeSanta Trading Platform

8. Shrimpy – Best for Portfolio Rebalancing

Shrimpy specializes in portfolio automation for periodically rebalancing crypto holdings across exchanges like FTX. This helps maintain target asset allocations.

Rebalancing features include:

• Auto-rebalance – Automatically rebalance holdings to defined allocation percentages on customized schedules (daily, weekly, etc).
• Auto-allocate – Make one-time or recurring deposits that are dynamically allocated to assets based on preset percentages.
• Calmar ratio bot – Automatically risk adjust allocations based on historical volatility and returns data.
• Time-weighted rebalance – Rebalance weights incrementally over time according to a schedule rather than all at once.

In addition to automated rebalancing, Shrimpy can track consolidated portfolio data across all connected exchanges. This provides a unified dashboard view.

Shrimpy has a robust free developer plan with unlimited portfolio pairs. The upgraded pro plan is just $8.99/month. For those focused chiefly on executing automated portfolio rebalancing strategies, Shrimpy is a terrific value choice.

Rebalance your Crypto Portfolio on Shrimpy

Picking the Best Trading Bot – Key Factors to Consider

With so many great FTX trading bots to choose from, how do you select the right one tailored for your needs? Here are some key factors to evaluate:

• User experience – Pick a bot with an interface well-matched to your abilities. Beginners should focus on simplicity first.
• Features – Ensure the bot has the functionality for your trading method (grid, DCA, etc).
• Security – Select reputable established bots that won‘t withdraw your funds. Use read-only API keys.
• Supported exchanges – Verify FTX and any other exchanges you want are integrated.
• Cost – Compare monthly subscription plans and any fees per trade.
• Reviews – Check user feedback and online reviews for any red flags with the bot company.
• Free trial – Test drive the bot risk-free if a free trial is offered.

Final Thoughts on the Top FTX Trading Bots

FTX continues to be one of the highest-volume and most respected cryptocurrency exchanges. Utilizing trading bots is a fantastic way for both new and advanced traders to maximize returns through automated trading on FTX.

We highly recommend all crypto traders explore leveraging bots rather than relying on manual trading alone. Bots enable disciplined execution 24/7 according to proven rule-based trading strategies.

Start experimenting with the top picks covered above to find the right match based on your experience level, desired features, budget, and more. The growing variety of quality trading automation solutions makes unleashing the power of bots on FTX easier than ever before.