Software Alternatives & Reviews

hummingbot VS OctoBot.cloud

Compare hummingbot VS OctoBot.cloud and see what are their differences

hummingbot logo hummingbot

Automate crypto trading with your own market making bot

OctoBot.cloud logo OctoBot.cloud

Stay ahead of the crypto game with OctoBot using automated strategies. Run the best trading strategies easily and for free. OctoBot is an open source trading bot capable of running many types of strategies such as Grid, DCA, AI strategies.
  • hummingbot Landing page
    Landing page //
    2023-10-01
  • OctoBot.cloud octobot.cloud landing page
    octobot.cloud landing page //
    2023-12-22
  • OctoBot.cloud octobot.clooud landing page values
    octobot.clooud landing page values //
    2023-12-22

OctoBot is an open source trading bot capable of running many types of strategies such as Grid, DCA, AI based strategies or TradingView automations. Each strategy can be customized and tested with paper trading and backtesting. OctoBot can be used for free using the open source version or by using its cloud based strategies.

hummingbot features and specs

No features have been listed yet.

OctoBot.cloud features and specs

  • Supported trading strategies: DCA, GRID, AI, TradingView
  • Supported exchanges: Most major exchanges
  • Testing strategies: Paper trading & Backtesting

hummingbot videos

Liquidity Mining 101 - Using Hummingbot to join liquidity mining for new or inexperienced users

More videos:

  • Review - Building a market making strategy using Hummingbot - Part 1
  • Tutorial - [Hummingbot School] Lesson 2 - How to arbitrage using hummingbot? | Crypto high frequency trading

OctoBot.cloud videos

Introducing OctoBot cloud

Category Popularity

0-100% (relative to hummingbot and OctoBot.cloud)
Cryptocurrencies
58 58%
42% 42
Trading
100 100%
0% 0
Cryptocurrency Trading
0 0%
100% 100
Crypto
100 100%
0% 0

Questions and Answers

As answered by people managing hummingbot and OctoBot.cloud.

What makes your product unique?

OctoBot.cloud's answer:

OctoBot focuses on transparency and accessibility. It is open-source and enables its users to automate most type of trading strategies for free using the open-source code or executable or directly by automating trading strategies free of charge on https://www.octobot.cloud/

Why should a person choose your product over its competitors?

OctoBot.cloud's answer:

OctoBot provides transparent access to its strategies, their past performances and allows to test and use them for free for as long as necessary. Moreover, The fact that it's open-source makes it much more transparent than any closed-source competitor.

How would you describe your primary audience?

OctoBot.cloud's answer:

Cryptocurrency investors looking for gains using automated trading strategies.

What's the story behind your product?

OctoBot.cloud's answer:

Herklos and I created OctoBot in 2018 as an open source crypto trading robot at https://github.com/Drakkar-Software/OctoBot. Within the years, our Discord and Telegram community has grown enough for us to consider scaling to the next step.

A few years later, we now have partnerships with most major exchange (see https://www.octobot.cloud/en/guides/exchanges) and we are focusing on making automated crypto investment strategies easily accessible to any crypto investor, bypassing traditional monthly subscriptions.

Which are the primary technologies used for building your product?

OctoBot.cloud's answer:

  • Python for OctoBot, the trading strategy engine
  • React & Nextjs for the frontend

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare hummingbot and OctoBot.cloud

hummingbot Reviews

We have no reviews of hummingbot yet.
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OctoBot.cloud Reviews

  1. Great free trading bot

    Great free trading bot, open source with a variety of strategies available. The cloud very is also a easy way to start your bot. Best bot I've tried overall.

    🏁 Competitors: 3commas, Cryptohopper
    👍 Pros:    Telegram bot|Free to use|Open-source
    👎 Cons:    Paid editor

Social recommendations and mentions

Based on our record, hummingbot seems to be more popular. It has been mentiond 17 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

hummingbot mentions (17)

  • Bot for my own DCA-Plan
    I found this one called hummingbot and one of cryptomaton (an user from this sub). Source: over 1 year ago
  • What are the benefits of developing your own tools vs using pre-made ones like metatrader when time and costs are not considered?
    As a tool-maker (I"m one of the founders of hummingbot.org), my advice is to figure out what parts of your strategy is core to its success, and which parts are non-core and generic. Use tools to "outsource" the non-core bits so that you can focus on the core parts. Source: over 1 year ago
  • I'm thinking about going to school so I can earn more and buy way more crypto while also not ruining my quality of life. need your advice and suggestions
    Tradingview.com - subscription cost Https://github.com/TheHolyRoger/RogerThat - no cost Https://hummingbot.org/ - no cost. Source: over 1 year ago
  • Pulling bLUNA/LUNA price using python script
    Btw https://hummingbot.io/ not sure Terra is supported yet tho. Source: about 2 years ago
  • Crypto Arbitrage Bot on Ethereum Blockchain
    Check out https://hummingbot.io. They are built for market making and arbitrage strategies. It has built-in support for a number of centralized exchanges as well as Ethereum, Terra and other protocols common for DeFi (what it sounds like you're trying to do). It's also written in python so it's easy to extend if it does not do what you want/need out of the box. Source: over 2 years ago
View more

OctoBot.cloud mentions (0)

We have not tracked any mentions of OctoBot.cloud yet. Tracking of OctoBot.cloud recommendations started around Dec 2023.

What are some alternatives?

When comparing hummingbot and OctoBot.cloud, you can also consider the following products

Coinrule - Coinrule empowers traders to compete with professional algorithmic traders and hedge funds.

Cryptohopper - Cryptohopper is the best crypto trading bot currently available, 24/7 trading automatically in the cloud. Easy to use, powerful and extremely safe. Trade your cryptocurrency now with Cryptohopper, the automated crypto trading bot.

3commas - 3commas.io provides tools for cryptocurrency traders and investors.

Trality - Trality is an automated investing platform offering fully automated bots and portfolios through its innovative Marketplace. The marketplace enables investors to discover, review and rent profitable trading bots created by other expert Trality users.

Mudrex - Bringing Automated Crypto Investment Solutions To Everyone

HaasOnline - Best crypto trading bot platform trusted by thousands of traders.