In the field of digital currency investing, trading bots have become an increasingly important tool for investors. Efficient automated trading strategies help investors reduce risk and increase returns. With the rapid development of AI technology, AI has now penetrated into trading bots. Just last month, ATPBot It has been called the ChatGTP of the investing community by thousands of media outlets. So how does ATPBot perform? Today we will look at a detailed evaluation. For a horizontal comparison of evaluations, we chose 3Commas and Pionex, the two platforms with the largest number of users of traditional trading bots. At the evaluation level, we selected the six aspects that users consider most important and conducted a detailed comparison.
1. Functions and features
3Commas supports five commonly used trading strategies, including DCA and grid, and five semi-automatic intelligent trading tools. Users can purchase bots and trading signals from other traders by manually setting up a bot or strategy market. Strategy 3Commas does not support backtesting. If users need to backtest their own parameters, they will need to use third-party tools to achieve this.
Pionex supports 16 trading strategies including DCA, Grid, and Martingale. Users must select a strategy and set bot parameters before investing. The number of parameters is less than 3Commas. Pionex also does not support data backtesting.
ATPBot does not have a fixed trading strategy in the traditional sense. Each strategy consists of several strategy modules. For example, DCA belongs to the strategy module here and AI combines the strategy modules into strategy templates. After going through numerous data strategies, templates and parameters with good data are assembled into a finished strategy and pushed to the user. Between 3 and 18 strategies are pushed per week depending on different user levels. Users can intuitively check all strategy data and invest according to their investment preferences. After using it for a month, I felt that this experience was very interesting and made people feel safe.
ATPBot has a feature that I really like. Each strategy is unique and pushed to only one user. Problems that cause slipping. I was impressed by this issue when using 3Commas. I started subscribing to a good signal, and the income was good for the first two months, but as more and more users subscribed to that signal, I started making less and less money. This is because users within the same platform compete.
ATPBot is excellent for backtesting. 3Commas and Pionex do not support backtesting. All of ATPBot’s bots are backtested with good results before being made available to users, and all data, including profits during the backtesting period, is displayed to users. You can view the rate, number of trades, win rate, Sharpe ratio, maximum retracement rate, as well as the opening and closing positions of each order on the chart. Compared to the other two platforms, ATPBot does a good job of this. It is very good for users to choose a bot to know whether this bot has given good results in the past or not.
Below we evaluate its features and features.
3Commas: ⭐⭐⭐⭐ Pionex: ⭐⭐⭐⭐ ATPBot: ⭐⭐⭐⭐⭐
2. Ease of use
The use of 3Commas can be divided into two types: One is a passive investor that requires setting up many parameters and requires a high understanding of strategies and trading systems. For example, if you create a DCA bot yourself, you’ll need 30 of them. The above parameters are difficult for the average user. Another type of copy trading investors choose bots with good data in the market and copy them to use. It’s much less difficult and quicker to get started with for the average user.
Pionex’s bot setup is much smaller than 3Commas’ bot setup. The average investor can learn the basic skills on their own with a small amount of learning and short-term trials with little money. In addition to trading bots, Pionex also offers a variety of financial services to make it more convenient for users to earn a little extra profit when the market falls.
ATPBot is simpler to use. Users simply choose a strategy, then enter the amount they want to invest and start executing it. Choosing a strategy is also much easier than choosing a strategy market using 3Commas. Take Advance members as an example, we push 6 strategies to AI every week. All I have to do is pick my favorite of these six each week. Now, similarly, when using 3Commas, you have hundreds of bots to choose from. We should be thankful for the advancement of AI technology, which has saved so much human time.
Here’s how to rate ease of use:
3Commas: ⭐⭐⭐ Pionex: ⭐⭐⭐⭐ ATPBot: ⭐⭐⭐⭐⭐
3. Profit
3Commas’ expected annual return is 96.96%. The data is randomly selected from 100 bots on the market and then averaged.
Pionex’s average annual expected rate of return is 113.95%. The data is an average of data provided by 79 investors. However, due to differences in parameter settings, the average user’s annual return on investment may be much lower than this value.
ATPBot’s expected average annual return is 197.46%. This data is officially provided statistical data. The rate of return of your strategy depends on your membership level. Here the lowest level strategy data is selected. The returns of the top strategies are 238.66%, 345.29%, and 483.28%. When choosing a strategy, it is a good idea to pay attention to the strategy’s backtest period. If you want guaranteed returns, try choosing a strategy with a backtest period of at least 12 months. In this case, the strategy’s final actual return will be closer to the expected return. .
Here’s how to rate ease of use:
3Commas: ⭐⭐⭐ Pionex: ⭐⭐⭐⭐ ATPBot: ⭐⭐⭐⭐⭐
4. Fee
3Commas membership costs $20-$99 per month, and you can get a 50% discount if you choose to pay annually.
All Pionex bots are free to use, you only need to pay trading fees.
ATPBot’s membership costs $83-$2,500 per month, with annual payments only.
Here’s how to evaluate costs:
3Commas: ⭐⭐⭐⭐ Pionex: ⭐⭐⭐⭐⭐ ATPBot: ⭐⭐⭐
5. Customer Support and Community
3Commas offers the most complete customer support. He has ready-made written explanations and video explanations for almost every problem a user might face during use. The community also supports a multilingual environment, making it convenient for users from different regions to communicate in their native language.
Pionex’s customer support is very good and provides documentation and video tutorials, but the numbers are still a bit lacking compared to 3Commas. The community also supports multiple languages.
ATPBot’s customer support is relatively average, with only some basic documentation and videos. After all, time to market is limited, and there is no way to reach the heights of the other two products in a short period of time. The community is only in English, but the community service is very good. Official analysts provide free 1v1 strategy customization, saving users the trouble of researching strategies on their own.
Here’s what I use for evaluation in my customer support and community:
3Commas: ⭐⭐⭐⭐⭐ Pionex: ⭐⭐⭐⭐ ATPBot: ⭐⭐⭐
6. Security
3Commas’ API key was leaked in December last year, causing many users to lose their funds. Even though the vulnerabilities have been resolved, it is inevitable that they will still raise concerns about security issues.
Pionex requires users to transfer cryptocurrencies to their accounts, and security of funds is an issue. Thinking about the collapse of FTX still worries me. In addition, Poinex is gradually developing in the direction of exchanges, which means that it is no longer a bot that helps users make money, but the purpose of the bot is to allow users to trade more often, provide higher liquidity and get more handling. This may lead to: charge.
ATPBot is not easy to evaluate due to its short time on the market. But there is one thing that I think is very good. When I added my Binance API key, ATPBot refused to connect to my account because my API key has funds transfer permissions. I contacted customer service and found out that ATPBot has security settings. The API Key provided by the user will be rejected if it has permissions other than transactions. This may be the lesson learned from the 3Commas leak.
Here’s my assessment of security:
3Commas: ⭐⭐⭐ Pionex: ⭐⭐⭐⭐ ATPBot: ⭐⭐⭐⭐
7.Summary
3Commas is a tool that requires you to do a lot of the work yourself. Suitable for senior investors with extensive trading experience. There is a market where you can copy someone else’s strategy, but choosing the right strategy is not easy. To increase your income, you still need to subscribe to third-party signals. To get a good quality signal, you’ll have to pay tens to hundreds of dollars extra each month, which means you’ll get less bang for your buck.
Pionex is similar to an exchange but offers additional automated trading tools. If your investment goal is to hold crypto assets at lower prices, this would be a good option and you can do so without paying any additional fees. There are many mature bots at your disposal, which can go a long way in lowering the average cost of ownership.
ATPBot It has unique features, the overall experience is very good, and it is more of a wealth management platform. In today’s ever-changing digital currency market, we need powerful tools to guide us. ATPBot is an innovative trading tool that provides reliable support for investment decisions. If you are looking for a smart, efficient and reliable trading assistant, ATPBot is undoubtedly a choice worth trying. ATPBot helps you implement more effective investment strategies and achieve your goal of increasing the value of your assets. The only downside is the relatively high membership fees, which may be too expensive for small investors. However, if your investment amount is between $5,000-$300,000, any type of investor should choose that type first.
In general, the three platforms have their own unique characteristics. Investors should be clear about their investment expectations before making a choice, and then they should be able to easily choose the best trading bot for them.