Expert Review
Jan 20, 2020

The use of trading bots has become a new stepping stone in world markets. With the advent of blockchain technology and cryptocurrencies in recent years, many technical minds have applied the concept of trading bots to this ecosystem. Bots automate trading strategies and uses technical analysis, therefore a user doesn't have to sit 24/7 in front of the computer to trade, bot does that instead. Bots also remove emotional factor in trading in case of a sudden price drop or jump of an asset.

Cryptocurrency exchanges usually do not offer traders many tools. There is a growing wave of automated trading platforms, and all of them have various more advanced tools. Today we will talk about TradeSanta.

  1. TradeSanta Overview
  2. TradeSanta Features
  3. TradeSanta Filters
  4. How to Start with TradeSanta?
  5. Pricing Plans
  6. TradeSanta Support
  7. TradeSanta Facts
  8. Security
  9. User's Feedback
  10. Conclusion

TradeSanta Overview

TradeSanta is a crypto trading bot, that can be employed for trading with several exchange platforms. TradeSanta is a software used to automate trading strategies. Its interface is based on the cloud. Using this tool, you’ll be able to set up a trading bot within a few minutes. Ready templates are also available. 

The platform helps users establish viable encryption procedures and computerizes operations. It unloads traders, allowing you to make high-speed transactions around the clock every day. You just need to create a bot, which will then engage in trade.

TradeSanta bots work at a very high speed with the ability to place up to 100 times more orders compared to manual trading.

Welcome to TradeSanta

A simple and intuitive interface of the service makes TradeSanta stand out among many automated trading solutions out there. Currently, TradeSanta works for Binance, Bitfinex, Bittrex, Upbit, Huobi, and HitBTC. More exchange platforms are promised to be added in the future. TradeSanta offers 24/7 customer support, as well as the automated wizard’s assistance.

TradeSanta Features

Technical Indicators and Tools

With the help of TradeSanta’s indicators, you’ll be able to set and use two different types of bots (Gird and DCA) and technical indicators simultaneously. It will help you enter the market at the best possible point.

Using advanced settings, you’ll be able to enter the market at a certain price and buy coins for commission. 

One of the technical indicator - Bollinger Bands, measures the market volatility. You can open a trading deal based on the value shown by Bollinger Bands. The indicator MACD is used to confirm the trend. The RSI indicator is a momentum indicator signaling if the stock is oversold or overbought.

The approach based on Margintale can help recover after unfavorable market movements. However, you should keep in mind that Margintale implies a high risk. 

Gird and DCA bots are very easy to use. The main principle of the Grid bot is the same as with DCA bot. The crypto bot places the first buy order, and extra orders if the price goes in the opposite direction. The main difference is that the take profit order is placed for every buy order separately unlike DCA bot where the bot places one TP order for all buy orders executed.

When trading with a Grid bot a sell order is placed for each buy order. If you have 1 order and 3 extra orders, 4 sell orders in total will be placed. However, no more than 2 orders (1 buy order, 1 sell order) are on the exchange simultaneously. If the bot executes any order partially it will place take profit order for that part.

Extra Orders

Suppose the market goes against your expectations and your original strategy would not work out. The price moves opposite than you expected. This is the case for Extra orders. TradeSanta bots allow you to perform extra Buy or Sell order in case to mitigate the effect of unexpected market movements. 

Long and Short Strategies

With the help of this trading bot, short and long strategies can be applied together at the same time. No matter which direction the price takes, the automated trading bot will handle this.

Top Pair

The ‘Top Pair’ feature shows the data on the most successful performance of a trading pair recorded over the last hours.

TradeSanta referral program

If you bring other users to work with TradeSanta, you are supposed to get 20% of each plan purchase made by each one of them. To start participating in the referral program, go to the account’s settings and copy a referral link. After that, start sharing this link with your friends. It is promised that with their payment for any of the plans, you’ll get 20% of their payment. This amount can be withdrawn to your BTC wallet.

Calculator

There is an in-app calculator helping you understand whether you have sufficient balance of a coin to succeed with your trading. 

Telegram notifications

Telegram messenger is your assistant when it comes to receiving trading notifications from TradeSanta’s bot. You can activate bot in the app’s Settings. These alerts will keep you aware of the following events:

  • New order or order has been placed
  • An order was partially executed
  • A new extra order has been placed
  • The order has been closed
  • Order price has been changed
  • Deal or order has been closed or completed
  • Errors occurred

Let's look at some of the key features of TradeSanta:

- Stability and safety

Two-factor authentication is provided to give a more secure and reliable account. It works through API keys that limit the use of funds by the bot itself.

- Easy to use interface

Often the interface on many exchanges or sites offering similar services is confusing. To get used to working on such a platform, you need to work hard, understanding the complex interface. In turn, the TradeSanta interface facilitates the task of the trader, guiding the user with the help of special guides.

- Smart Order

A smart order allows traders to sell large volumes of cryptocurrency with virtually no impact on the market. It is designed to sell a certain amount at a certain price level over a certain period of time or as a percentage of the total trading volume.

TradeSanta Filters

As it was previously mentioned, indicators are divided into three types:

  • Moving Average Convergence Divergence (MACD)
  • Relative Strength Index (RSI)
  • Bollinger bands (BB)

You also have the opportunity to activate them all at the same time or choose one of them at your discretion.

We want to draw your attention to the fact that you have the ability to completely turn off crypto indicators and there is a definite advantage in that this action can bring profit because there will be no interval between transactions, but keep in mind that you risk this incur losses or turn a trade into an “investment”, which can also badly affect your financial portfolio.

Dashboard

We advise experienced users to distinguish all three indicators:

  •  Moving Average Convergence Divergence (MACD)

MACD is an indicator used to confirm the trend. The bot will search for an optimal entry point based on MACD of a trading pair for the past 100 minutes. MACD provides info on where the volume is going and how the market is performing if it is in a sell-off point or people are buying in.

  • Relative Strength Index (RSI)

RSI is a momentum indicator signaling if the stock is oversold or overbought. TradeSanta's bot will find an entry point based on RSI of a trading pair for the past 100 minutes. With the RSI, the info users get from it is the momentum in the market, and whether it is oversold or overbought, and that's also when users are going to either buy-in or sell-off.

  • Bollinger Bands (BB)

If you activate this function, your crypto bot will search for the optimal entry point, based on the technical analysis tool for financial markets, the so-called Bollinger Bands. This tool constantly reflects current price fluctuations and cryptocurrency rate volatility. The basic principle is that the trading signal is the moment when the price leaves the trading corridor - either rising above the upper line or breaking through the lower line.

Also, you can find on TradeSanta:

  • Extra orders –  if you enter a trade, and it goes against you, TradeSanta has an extra orders feature that will add to the position, so that it may end up being a winning trade after all. 
  • Martingale – the Martingale strategy is similar to extra orders, but in addition to buying more of security as the market goes against a position, it also increases the volume of the purchases.
  • Buying Coins for Commission – TradeSanta offers its clients the service of buying additional coins to cover the cost of commission in the quote currency, in the event that a client account doesn’t have enough to cover the transaction. The amount that will be purchased won’t exceed the equivalent of $5 USD, and this feature can be turned off at any time.
  • Entering at Market Price – If a trader wants TradeSanta to enter a buying or selling program right away, the enter at market price will get the trade started. If enter at market price is used, the order will be placed next to the first ask on the exchange.

If a long strategy is specified, the crypto bot will start a deal when the price touches the lower line, while bots with a short strategy will wait until the price touches the upper line to enter the market.

How to start with TradeSanta?

1. Click on the "Sign Up" button in the upper right corner of the menu.

Sign Up

2. Enter your username, email, and password. Verify your email address or sign up with Google or Facebook.

3. Upon a completion, you will be automatically redirected to the TradeSanta dashboard. In the dashboard for a quick start, you can choose the trading bot (Gird or DCA).

Quick Start

4. Select the exchange you want your bot to trade on (you can create a HitBTC account in one click). By adding an access point you’ll be connected to a chosen exchange platform. Get the API key and secret key for your exchange and plug these details into a new access point. 

5. Choose access and pair. The choice of trading pairs depends on the exchange that you are using. Assign the necessary filters.

6. Choose template and volume. Pick up your crypto bot strategy (long or short), a trading pair, set the take profit level, first volume value as well as other parameters. When creating a new bot, choose one of the three options: a Long Bot Template, a Short Bot Template, and a Custom Template. 

7. Manage risks. Choose Step of Extra or Martingale orders.

Ready to start with a paid plan? Then please pick up relevant settings in the app.

Plan Settings

TradeSanta offers a trial period and also offers a free plan, therefore the user doesn't have to purchase the plan until the trial ends unless the user wants to trade with a bigger bot amount.

Pricing Plans

At the point, there are 4 plans (including free plan) with different numbers of bots provided and fixed monthly payment. The free plan gives access to 5 bots. Under a free plan, you won’t have access to a dedicated customer support representative. However, you’ll be able to seek help from general support.

  • Basic Plan has 49 bots and a package of service including an unlimited number of pairs, all strategies and technical indicators,telegram-notifications and the support of customer care. You can buy it for $15 per month.
  • Maximum Plan has a 0% trading fee on HitBTC, an unlimited number of bots and pairs, all strategies and technical indicators, telegram-notifications, and support of customer care. You can buy it for $100 per month.
  • HitBTC Promo Plan has a 0% trading fee on HitBTC, up to 49 bots, an unlimited number of pairs, all strategies and technical indicators, telegram-notifications and the support of customer care. You can buy it for $20 per month.

TradeSanta Support

Users can contact customer support via official email [email protected] or via Telegram anytime. Also, on the website, you can find an online chat, where you can ask all your questions. 

TradeSanta Facts

TradeSanta obtains a regular audit conducted by a third party. TradeSanta blog is the place where you can improve your knowledge of crypto trading. It covers various aspects of trading, including coin analysis, reviews of services, explanation of trading commissions, etc. Subscribing to the company’s social media channels (Twitter and Facebook), you’ll also be able to receive regular updates on these topics.  

Security

First of all, 2FA protection is in place to ensure the security of your operations with a crypto bot. Some would raise security questions, due to the fact that TradeSanta has access rights to users’ accounts with exchange platforms. –°onnecting you to exchanges via APIs, TradeSanta claims not have access to your funds and being not able to move them without your permission. 

Users’ feedback

Not so many reviews on the web regarding this service could be found. However, all of them speak highly of reliability and positive experience related to the use of TradeSanta.

Conclusion

We’ve described the functionality of TradeSanta tools and it’s up to you to decide whether this solution is fine for your trading activity. We remember that no trading auto strategy is perfect. The key is the combination of methods, strategies, and practices. If you are considering having a passive income from your crypto trading, why not turn to TradeSanta? Given the availability of a free trial, you can decide it on your own experience. Let us know what you think of TradeSanta!

Our Score
Functionality 5 / 5
Ease of use 4 / 5
Support 4 / 5
Price 4 / 5
Technology 5 / 5
Our Score
4.4 / 5

pros

- Stability and safety
- Easy to use interface
- Additional order
- Technical indicator.
- Smart Order
- Crypto indicators and filters

cons

- You might need to wait a long time to get an answer from a customer support

Write your review
Rating
Please choose your rating.
Your review

Leave your review about TradeSanta here. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism.

Your Name
Your Email

Your Email will not be published

User reviews
Juzt 19 May, 3:28 PM
5.0

Great apps and Customer Service are helpful keep it up.. most recommend platform

Durno 8 February, 5:52 AM
4.0

Good bot, but I think the price for it could be less. There is some free function I gotta say sometime that's enough.

Seamen 5 February, 8:52 AM
5.0

I'd like to thank the developer of that bot, trading became easier with tradesanta. I'm able to maintain my trades and the it works automatically. Good to see.

Rodari 3 February, 9:56 PM
4.0

It seems convenient to use tradebot to do Smth on the market. It is able to maintain the trading activity and rule out any bad options. It could be used as an additional tool to trade.

Tok 2 February, 6:55 PM
4.0

Simple bot but with big variety of features. You may set up a full trade strategy using this bot. But I wouldn't entirely rely on the bot. It would work better if use own mind as well.

Feery 2 February, 1:23 PM
4.0

For those who doesn't have a big experience. it has a support telegram bot which is real useful too. I use it from time to time. It's good so far

Flober 2 February, 11:03 AM
5.0

I can choose a different way of trading, it assists to put all the thing together and not mindless waste all funds. I like using it

Starr 1 February, 2:22 PM
5.0

I can choose a different way of trading, it assists to put all the thing together and not to mindless waste all my funds. I like using it

Felix 1 February, 1:30 PM
5.0

the tool is a helpful one. I like the extra order feature. it adds a higher position while you're trading, it's like a safety from losing everything at once. good app.

Paddy 31 January, 5:50 AM
5.0

I don't have a lot of experience, and trading Santa is able to assist you. It's quite reliable service. It helps finding the best pairs and coins for trading. Helpful bot.

Valdis 27 January, 2:28 AM
3.0

The bot works smoothly although I didn't get how to gain the maximum profit with it. If you know how to do that then probably you should try TradeSanta.

Max Hanson 24 January, 4:28 AM
5.0

Convenient bot. One of the best that I've came across lately.

Country: International
Launched: 2018