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OctoBot.cloud VS Gocryptotrader

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

TradingJournal
TradingJournal is a modern trade tracking app that helps traders understand their performance, reduce emotional mistakes, and optimize strategies. With risk analysis, pattern detection, and visual insights. Free and ad-free. featured
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OctoBot.cloud logo OctoBot.cloud

Stay ahead of the crypto game with OctoBot using automated strategies. Easily invest using the best Crypto baskets, AI, DCA and grid strategies for free. OctoBot is an open source trading bot capable of running many types of strategies.

Gocryptotrader logo Gocryptotrader

Gocryptotrader is a rich-featured cryptocurrency trading bot and framework that supports multiple exchanges from all over the world and written in Golang.
  • 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 Crypto baskets, AI, DCA, Grid and TradingView 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.

  • Gocryptotrader Landing page
    Landing page //
    2023-10-17

OctoBot.cloud features and specs

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

Gocryptotrader features and specs

  • Open Source
    GoCryptoTrader is fully open source, allowing for transparency and community contributions to improve and extend its capabilities.
  • Multiple Exchange Support
    It supports numerous popular cryptocurrency exchanges, providing users with flexibility and a wide range of trading options.
  • Written in Go
    Being written in Go offers advantages such as strong concurrency support, efficient performance, and easy cross-platform compatibility.
  • Comprehensive Features
    Offers a wide array of features including trading bots, portfolio management, backtesting, and real-time data processing.
  • Active Community
    An active community presence that offers support and contributes to its development, making it reliable and quickly improving.

Possible disadvantages of Gocryptotrader

  • Steep Learning Curve
    The tool may be difficult to use for beginners due to its complexity and lack of beginner-friendly documentation.
  • Limited User Interface
    Primarily command line-based, which might not be suitable for those who prefer graphical user interfaces for ease of use.
  • Requires Technical Expertise
    Users need some level of technical knowledge to properly set up and configure the trading environment.
  • Potential Security Concerns
    As with any trading software, there are security risks, especially if improperly configured or if third-party libraries or integrations have vulnerabilities.
  • Maintenance Overhead
    Being a self-hosted solution, it requires regular maintenance and updates by the user to ensure continued functionality and security.

OctoBot.cloud videos

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Introducing OctoBot cloud

Gocryptotrader videos

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Category Popularity

0-100% (relative to OctoBot.cloud and Gocryptotrader)

OctoBot.cloud

Gocryptotrader

Cryptocurrencies
81 81%
Cryptocurrencies
19% 19
Cryptocurrency Investment
100 100%
Cryptocurrency Investment
0% 0
Business & Commerce
0 0%
Business & Commerce
100% 100
Cryptocurrency Trading
100 100%
Cryptocurrency Trading
0% 0

Questions and Answers

As answered by people managing OctoBot.cloud and Gocryptotrader.

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

Share your experience with using OctoBot.cloud and Gocryptotrader. For example, how are they different and which one is better?
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Reviews

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

OctoBot.cloud Reviews

  1. Jack Del Pakiot
    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

Gocryptotrader Reviews

We have no reviews of Gocryptotrader yet.
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What are some alternatives?

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

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.

Freqtrade - Freqtrade is a cryptocurrency trading bot that is developed in Python and supported many exchange marketplaces like Binance, Bittrex, FTX, Kraken, and others.

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

Gekko Trading Bot - Gekko is a free and open source Bitcoin TA trading and backtesting platform that connects to...

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

Superalgos - Superalgos is one of the smart cryptocurrencies trading bots that integrates all crucial aspects of crypto trading automatization in a visual scripting environment easily accessible to non-technical users and optimized for developers.

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