Haasbot Review 2019: Is this the best cryptocurrency trading bot?

Cryptocurrency trading can be a complicated ordeal. Unlike most traditional markets, cryptographic markets never sleep. As such, merchants spend sleepless nights watching the charts and hunting calls are a recurring event in all cryptographic social media. However, humans need a good night's rest from time to time and any crypto trader will share the stories of that unique business opportunity lost due to sleep. In crypto, a profit window can materialize and play in minutes (even seconds); many will admit that they have lost serious earnings due simply to being too slow to notice / exploit this window manually. Finally, even the best traders sometimes struggle to avoid the stress of a trader's life influencing their decisions, both in trading and in normal life.

The expert wolves of Crypto Street, despite clearly having problems with trading, have it even better than the average "noob" investor. The new entrants in space have a myriad of things to deal with: just consider the volume of knowledge that must accumulate before becoming adept enough to make profitable exchanges. This beginner trader can get the knowledge "putting his skin in the game" (ie starting to trade with his own money) or looking at the more experienced traders and emulating them. Both are equipped with their own can of worms; nobody wants to lose money in a bad trade and experienced traders rarely give a complete picture of their trade secrets (after all, they are on the market to beat him, not to teach him how to beat them).

Presentation: trading bot

A possible solution to the problems of any crypto trader could be a trading bot. Trading bots are computer programs that, like any computer program in circulation, are based on code and algorithms to operate. These programs are special in the sense that they connect to a cryptocurrency exchange through a user account and perform operations for the user. A trading bot usually uses basic and popular indicators and trading signals (such as moving averages or indices) for trading.

The main reason for using a trading bot is the fact that it does not have the limits of the average human. The robot does not need to sleep, eat, go out, which means it can stay focused on trading 24 hours a day, 7 days a week. At the same time, a bot can exchange instantly, much faster than the human average. It will not become emotional, stressed and will jump out of a whim on a whim. Therefore the robots are suitable for those who want to keep the market full-time but are not able to do so, because of their human nature.

Bots are also useful for those new to cryptographic trading space. Because many robots rely on simpler trading indicators, they are suitable for novice traders who want to learn how to trade. A new crypto-enthusiast can observe the robot's actions and learn from them. Finally, a trader can decide to completely rely on the trading bot and simply set it up and let him do all the trading for him, if he wishes.

Some sources suggest that trading bots generally do not outperform the market. The data are inconsistent for various reasons: many bot creators avoid to officially praise / market the characteristics and success rates of their product, for legal reasons. At the same time, crypto-traders who use bots do not have the analytical skills / motivation to report their experiences with these bots.

And while overall experiences are inconsistent at best, the positive characteristics mentioned above of trading bots are. Today's article will analyze Haasbot, one of many of these products available online, and determine if this trading bot can help the average investor to make a bank.

HaasOnline Software

HaasOnline Software, the company behind Haasbot, was founded in January 2014 by Stephan de Haas. The company name has been in use since the 1990s and its flagship product is HaasOnline Trade Server (in short HTS). HTS is a fully functional cryptocurrency trading platform designed to automate trading and Haasbot (currently in its 3.0 version) is its main feature. Each new update of this platform includes features that have been added as a result of the HaasOnline team that has taken direct input from its community. They also made sure that the community had as few problems as possible with the installation of their software by publishing this huge HaasOnline Software wiki. The wiki contains complete tutorials, definitions and guidelines that will be very useful if you want to master this software.

Team

Stephan de Haas: the managing director of the HaasOnline software. He has a training in software engineering that has given him the experience and knowledge necessary to develop the bot. Stephan was an avid supporter of Bitcoin almost from his first appearance in 2009; he understood that the cryptographic market requires better trading tools and decided to help developing HaasOnline Trade Server.

Quintus de Haas: Quintus is the Chief Technical Officer of the HaasOnline software. It supports the infrastructure that keeps HaasOnline directed in the right direction.

Josh Becker: Josh is the Chief of System Operations of the project. With a degree in computer science from the University of Cincinnati, Becker is trained in software marketing and engineering.

Rustim Rhoda: Rustim leads the research and development team that creates the tools found in HaasOnline Trade Server.

Raynaldo Rivera: Raynaldo is Chief Communications Officer of HaasOnline Software. He comes to this company with a background in InfoSec where he has managed teams of security experts for Fortune 500 companies.

About Haasbot

The HaasOnline Trade Server software was created in 2014. Its Haasbot trading Bot function has been updated twice. Haasbot is currently undertaking another review and in 2019 a 4.0 update should be released. Some reviews suggest that the product has some flaws (lacking access to some more publicized exchanges) but the developers have been quick to respond and promise solutions and further additions.

The software is designed to work on the Windows operating system, but comes with support for MacOS and Linux. Haasbot is not a joke as it requires to have at least 4 cores (1.2 GHz and higher) in the system in order to work. It also requires 2 GB of memory and a stable Internet connection with at least 5 Mbps of downloads.

Overall, there are 4 types of components that HaasOnline Trade Software can contain:

• Search engine
• Insurance
• securities
• Technical indicators

Haasbot robots start trading on the basis of trade signals. These signals are given by the securities and technical and insurance indicators.

Search engine

You can choose up to fifteen different bots, depending on your price level. The way you want to operate will govern which robot you will choose. Haasbot 3.0 is the most used basic bot, but users can also buy different custom robots and integrate them into the basic software. Some examples are:

• Trade bot (aka Haasbot 3.0) – performs operations based on indicators, insurance and securities. It is the basic bot and most commonly used at present by HTS. It is very flexible and allows the user to set up very simple or extremely complex trading strategies.
• Bot Index – a trading bot that works with a portfolio of cryptocurrencies, balanced according to your wishes. The bot will rebalance your activities when one of the currencies has increased or decreased in value and has exceeded the threshold. The bot is available in Crypto and Advanced index form.
• The accumulation bot – can be used to increase or decrease your position in a market. It will execute market orders with order sizes and random delays (between orders). This allows the bot to mask your position and run your trade with controlled spillage.
• Flash Crash Bot – One of Haasonline's most popular and proven robots. It is based on correct grid strategies for cryptocurrency markets. The Flash Crash bot sets pre-orders above and / or below the specified base price. Purchase orders are placed at predetermined prices that fall below the established base price. In contrast, sales orders are placed above this base price. When a purchase order has been completed, the base price will be moved down and a sales order will be placed on the old base price.
• Email Bot – Email Bot can be used to integrate TradingView e-mail alerts. Recovers emails and compares them with predefined messages. If c is a match, it will perform a defined action.
• InterExchange Arbitrage Bot – allows you to perform arbitrage operations on different exchanges
• Bot Order – allows you to set default orders and activate a negotiation when the price is lower or higher than the specified value.
• Intellibot Alice – specializes in expensive cryptocurrencies with a higher market price such as BTC, ETH or DASH.

There are many other crypto trading robots offered by HaasOnline; You can review them all on this very detailed wiki page that was created by the project to help anyone looking to learn more about the software.

indicators

HaasOnline robots operate thanks to technical indicators, which produce commercial signals according to the user's instructions. It is assumed that each indicator provides information to traders about where the price will move and the bot allows you to decide whether a given indicator is a sign to buy, sell or both. The indicators are based on a specific time period determined by the user himself. Times vary from 1 minute (for high frequency trading) to 3 days.

The HaasOnline software offers a myriad of indicators, including Bollinger Bands, Candlestick Patterns, Commodity Channel Index, Dynamic Buy / Sell Indicators, Elliot Waves, Exponential Moving Average (EMA) Swing, Simple Moving Average (SMA), Fibonacci, Fast / Slow RSI, Fractals, Ichimoku Clouds, MACD, Stochastic Oscillator and others. The official project Wiki lists 47 total indicators offered, so there are many things on which to base your negotiations with HTS and Haasbot.

Insurance

The insurance establishes specific rules that ensure that the bot minimizes losses and maximizes profits. Thanks to insurance, Haasbot decides whether a trade signal generated by one or more indicators configured by the user should be executed or not. There are a total of 12 insurance companies and some of them include:

• Absolute price change and percentage change in prices – evaluate an exchange signal to ensure that the price of a currency has changed by X amount before allowing an order. The insurance sends a commercial signal to the bot to buy or sell if a particular currency increases or decreases in absolute value or in percentage.
• Swap sideways only – this is a new insurance for the identification of trends that allows a user to authorize only exchanges (for a commercial robot) during a sideways market.
• Exceed taxes – the most used insurance for the trade bot. Ensures that the value of a trade is not canceled by the transaction fees.
• Never buy again – prevents purchase orders at a higher price than the last sale price.
• Never sell cheaper – works by evaluating a commercial signal to make sure that it does not sell at a lower price than the last price that a currency has been purchased.
• Be profitable– will evaluate a defined number of operations for profitability. If these exchanges result in an overall loss, the bot will be deactivated.

The remaining insurance (and more detailed descriptions of the insurance listed here) can be found on the Haasbot wiki.

securities

Securities are another measure that can help protect your investment. They are designed to prevent losses from significant market declines in situations where insurance can only prevent a purchase transaction. There are currently 22 security features supported by the software, including:

• Close above the profit – Close over the security of profit will close any open position that crosses the profit threshold defined by the user.
• Close before payment – this security ensures that an open position is closed before payment occurs.
• HaasScript Safety – an integrated function of the HTS platform that allows users to create customized security devices (as well as indicators and insurances).
• Price dump – this security follows the price during a downward trend and buys when the inversion occurs.
• Stay a long time – a unique security for HTS. This security forces the commercial robot to stay in the bought position, regardless of the signals generated by your indicators.

Check the complete list of securities here.

exchanges

As noted above, this software works on exchanges. Haasbot supports the following platforms:

Ionomy, Coinbase Pro, KuCoin, Deribit, Huobi.pro, Poloniex, Kraken, Bittrex, Bitfinex, Gemini, BitMEX, C-CEX, CEX.IO, Bitstamp, Binance, OKEX, Nova Exchange, HitBTC, OKCoin, OKEX Futures.

Main features

The basic software includes several important basic features, including:

Dashboards, Detailed Portfolio, Marketview, Market Compare, Indicator Scanner, Bot Performance Analyzer, Backtesting, High Frequency Trading, Multi-Account, Proxy Skills, Third Party Notifications, 2FA Security, Developer API Access, Advanced Orders – Stop, Advanced Orders – Take Profit, Advanced Orders – Trailing Stop, Bot Extensions

It's free?

Considering the full range of features we listed above, it is not surprising that this platform is not exactly free. The HaasOnline pricing page offers you several packages you can buy.

You can initially select the length of your package, with 3, 6 and 12 months of offer. 12 month packages give you the best value for your dollar.

As for the packages themselves, you can choose between a beginner, a simple and an advanced package. A 12-month beginner package will bring you back to 0.12 BTC, a simple package of the same length costs 0.2 BTC, while the most advanced packages record at 0.32 BTC for 12 months. The differences between the packages include the variety of robots, insurance, safety, indicators and the priority of support (advanced package obviously gets all the best features). All packages are provided with a complete list of basic features (except trailing stops and bot extensions, which are only available to experienced users) and support for all exchanges.

Haasbot vs Gunbot

The biggest difference is in the price, apart from this, these two are quite similar.

Conclusion

Is HaasOnline Software legitimate? Each sign points to yes. While there is a lot to be said about the questionable validity of commercial commercial software (once it spreads far enough, you will have multiple instances of the same algorithm exchanging themselves), there is little to say negative about the bot itself. The platform has a solid experience in the field and offers a well-maintained and robust product that should satisfy even the most demanding users. Like any tool, this robot is a good servant but not a good master; make sure you know what you're doing before you decide to buy it and start trading with it.