margin$ 129 - 259
- Currently the best user interface
- 10% discount with coupon possible
- German company
- Very high customer satisfaction
- Excellent support (partly in real time)
- Not the cheapest trading bot
- Software needs to be downloaded (no cloud)
A trading bot can be an interesting source of income as it has the potential to generate a positive return even as prices fall and even in the bear market. That’s why trading bots are one of the most interesting ways to invest in cryptocurrencies. A very interesting and lucrative Bitcoin Trading Bot is that of margin.de. It is a very promising bot that is worth a look. In the following we take a closer look at the crypto trading bot of margin.
margin: One of the best known Bitcoin trading bots in the test
Some of you may still know the margin trading bot under the name leonArdo. This was then renamed margin. As a leonArdo, the trading bot was already known as a solid platform. With the rebranding, this bot was again optimized for the best. On average, margin updates the bot every 4 weeks, with many new things being added or improved. It seems to be very important to margin what the users think about the bot and what innovations they want, so the margin team feels immeasurably mostly interacting via the forum bitcointalk.org. In addition, almost all users can communicate live via Telegram with the CEO or the margin team. Obviously, users are very important to this company.
The Bitcoin Trading Bot is operated with the greatest effort and care, which is why BTC-ECHO, the largest German crypto news site, reported about it. BTC-ECHO sees margin.de as number 1 of the bots that you should definitely know. (Read here)
What is possible with this Bitcoin Trading Bot?
How the bot in our test has cut off, you’ll learn below, but first we look at the numbers and facts. In fact, margin supports most exchanges (17 in number), which is the highest of all known trading bots. The bot has all the usual indicators.
As trading strategies are available to choose from: EMA Crossover Strategy, Bollinger Band Strategy, Static Ping Pong, margin maker, NEW: Scale Trading Strategy also NEW: Python Strategy.
In addition, many other settings are possible on top. For example, you can add Reddit in the sidebar, or view RSS feeds (you’ll be tagged in the chart with up-to-date messages, so you can respond quickly to price changes). Many more possibilities are of course possible.
What’s the price?
At margin you get a lifetime license (currently with 50% discount), which means you pay once and can use the bot for your entire life. You have 3 packages to choose from, as you can see in the following picture:
So the packages differ in the number of exchanges and API’s per Exchange. At the moment it is probably worth the standard package for $ 259. In addition, starting at this middle package you get practically the full possibilities. Only the multiple APIs per Exchange are only possible from the Pro version for 2999 $.
How is the price compared to other bots?
Comparing the prices is relatively difficult, because the trading bots offer partly different options and attitudes, in addition some companies offer the bots for a monthly fee and others offer a lifetime license.
The cheapest package what you currently pay monthly for a trading bot is probably about $ 25/month. Assuming you use the bot for about a year, that would cost $ 300. This would put the margin Trading Bot not only with its cheapest option for $ 129 but also with the middle variant for $ 259. But if you know from the outset that you only use the bot for a few months, then you probably will be better off with a monthly subscription.
If you are not sure about margin, you can also test the demo version for the time being. Unlike many other companies, margin offers its full demo unlimited.
crypto-invest.io tests margin
First of all, we are fascinated by the presentation and the visual presentation. As mentioned above, margin from the UI is miles ahead of other bots. But this is about what the Trading Bot really does. The technical analysis can be carried out ideally, alternatively, this is also possible on tradingview.com. We looked at more than 50 coins and analyzed. Sounds like a lot of work, is also certainly, but if you have the basics on it first, the analysis is quite fast and you can estimate a probability for the further course. Important: You will not always be right in your decisions, but it is sufficient if you are often right as wrong. This is commonplace in crypto or stock trading. If you are already 60% correct and 40% wrong, you are pretty good.
In our test, we used the standard package for $ 259.
Results of the 4-week test
We mostly used margin’s static ping pong strategy in our review. In addition, some trades were executed manually. When setting up the trading bot you will be shown the expected net return directly. First we ran the bot for a week (about 8 hours a day) and the result was a daily return of just under 0.78%. Not so bad, who knows the topic knows that 1% return per day is already considerable.
We mainly tried the static ping pong strategy and the new scale trading bot (very interesting!) In our test. In addition, some trades were carried out manually. When you set up the trading bot, you can see the expected net return. First we ran the bot for a week (about 8 hours a day) and the result was a daily return of just under 0.78%. Not too bad, if you are familiar with the subject, you know that a 1% return a day is already remarkable.
UPDATE: During the time of the megacrash at Bitcoin in early March, our bot achieved a return of 0.15% daily. Significantly less than before, but we’re thrilled that the return is positive at a time when Bitcoin is losing 40%.
Mainly traded coins: DASH, QTUM, Algorand, Chilli, IOST, Komodo, Ravencoin, Ethereum.
0.78% return sounds like too little return?
We experimented a bit with the settings and tried out further strategies. EMA Crossover strategy did not make much sense for us as the entire market was sideways at the time. We tried the margin maker and Bollinger Bands as further strategies.
Our initial test: Overall, we managed to achieve a daily return of almost ~ 1.2% in the second week. In the 3 week the yield increased due to the fact that the market showed positive movement. The return in the third week was around 1.4%. In week 4 we were back at ~ 1%. After a month, we had a narrow average return of 1.095%.
Over the past 2 weeks, the daily return has dropped to an average of 0.31%.
The Trading Bot by margin is very popular in the community, not least because of its very user-friendly operation. The team is transparent and pays close attention to community feedback. Overall, the team gives a sovereign and competent impression. The Trading Bot is well thought out and easy to use.
We liked the Trading Bot a lot, the only point of criticism on our part is that the computer has to be on while the bot is running. There are also cloud-based bots. On the other hand, installing the software on the computer significantly increases security and security should be a top priority when it comes to finance. That’s why the point of criticism is more than neutral. However, one should not forget that one has so higher electricity costs (even if it is only minimal).
We are very satisfied with our return of ~ 1%. The question is whether this return can be maintained over several months or years. That could only answer a very elaborate and expensive long-term test.
What about the tax?
At the end should be pointed out again, pay attention to your money! Invest only what you are willing to lose, because the risk of losing capital also remains with trading, even if you can minimize it.