Autocharist is an automated cryptocurrency trading platform that utilizes advanced AI and machine learning to enable automatic crypto trading.
The platform aims to make crypto trading easy and accessible for everyone.
Overview
Autocharist allows users to connect their cryptocurrency exchange accounts like Coinbase or Binance to enable automated trading based on preset strategies. Some key features of the platform include:
- Automated trading bots powered by artificial intelligence
- Backtesting trading strategies using historical market data
- Customizable trading rules and risk management
- Portfolio management tools to optimize asset allocation
- Easy to use mobile app and web interface
- Secure storage of API keys and encryption of data
Users can choose from premade trading strategies created by the Autocharist team, customize strategies to suit their risk tolerance, or even code their own bots using Python. The platform handles executing and managing trades 24/7 to enable passive crypto investing.
Benefits of Using Autocharist (Automated Cryptocurrency Trading Platform)
Some major benefits of using the Autocharist platform include:
Automated Trading Saves Time
Manually trading cryptocurrencies can be very time-consuming having to analyze market movements and place trades accordingly. Autocharist’s trading bots handle the entire process automatically allowing users to spend time on other endeavors.
Enhanced Risk Management
The platform has advanced risk management protocols in place to minimize losses and maximize gains. This includes features like stop losses, position sizing, and portfolio rebalancing.
Data-Driven Trading Strategies
All trading strategies are backtested using historical data to verify profitability across different market regimes. This results in resilient strategies optimized for various conditions.
Accessible for All Investors
Cryptocurrency trading can have a steep learning curve. Autocharist makes it easy for both new and advanced traders to benefit from automated bots.
Below is a comparison between Autocharist and some competitors in terms of features.
| Features | Autocharist | Cryptohopper | NapBots |
|---|---|---|---|
| Automated Trading Bots | Yes | Yes | Yes |
| Backtesting Platform | Yes | No | No |
| Customizable Trading Strategies | Yes | Limited Customization | Yes |
| Mobile App | Yes | Yes | No |
| Exchange Account Security | Encryption, 2FA | Encryption, 2FA | Encryption, 2FA |
Getting Started With Autocharist
It’s quick and easy to set up automated trading through Autocharist in just a few steps:
- Sign Up – Create a free account on the Autocharist platform
- Connect Exchange Account– Safely connect your Coinbase, Binance, or other exchange account
- Select Trading Strategy – Pick a premade strategy or customize your own
- Start Trading – Run backtests and deploy your strategy to start auto trading
Watching the initial trades execute successfully builds confidence in the platform’s capabilities fairly quickly.
Advanced users can backtest and tweak strategies further to optimize performance for market conditions.
Below is a comparison between pricing plans to highlight options for different investment sizes and trading activity.
| Plan | Price | # Bots | Exchange Connections | Backtesting Capability | Auto Trading Capacity |
|---|---|---|---|---|---|
| Free | $0/month | 1 | 1 | 10 Backtests/month | 2 Active Bots |
| Starter | $27/month | 3 | 1 | 100 Backtests/month | 5 Active Bots |
| Intermediate | $67/month | 5 | 2 | 500 Backtests/month | 10 Active Bots |
| Pro | $167/month | 10 | 4 | 1000 Backtests/month | 25 Active Bots |
Is Autocharist Secure?
Security is a major consideration for cryptocurrency platforms allowing API connections to exchange accounts.
Autocharist has bank-grade security protections in place including:
- Encrypted API Key Storage – Keys never leave Autocharist servers
- Two-factor Authentication – Additional login protection
- Read-only Access – Bots can only execute trades, not withdraw funds
- SOC 2 Compliance – Rigorous security protocols audited
The platform also has an insurance fund to cover losses in case of a security breach. However, this has not yet occurred since the platform’s inception.
Who Is Autocharist For?
Almost anyone can benefit from automated crypto trading including:
- Beginner investors – Those new to crypto can have expert bots handle trading so they can learn in the process.
- Advanced traders – Seasoned traders can automate proven winning strategies instead of actively trading.
- Retirement savers – Automated trading allows compounding crypto gains over longer periods of time.
- Overwhelmed investors – Users with full-time jobs who don’t have time to actively trade.
- Travelers – Keep your assets working for you while taking a break from actively monitoring crypto markets.
Autocharist is suited for any investor types seeking the combined power of automation and crypto.
Is Autocharist Profitable?
Extensive historical backtesting shows Autocharist bots can outperform buy-and-hold strategies during both bull and bear markets when using the right crypto trading strategies.
These include trend-following, mean reversion, volume weighted average price (VWAP), and various indicator-based models. Strategies are constantly being improved as well based on latest performance.
However, users should be prepared to weather some losses during periods of higher market volatility inherent in the crypto space. The key is sticking with a long-term, data-driven investing approach.
Future Outlook
Autocharist is poised for massive growth in tandem with the continued adoption of cryptocurrencies in the coming years.
Some potential developments include:
- Support more centralized and decentralized exchanges
- New trading strategies optimized for emerging crypto sectors like DeFi and NFTs
- Additional risk management features like portfolio rebalancing
- Integrate more data sources into trading algorithms like social sentiment, on-chain data, fundamentals, etc.
- Expand auto-investing capabilities for other assets like stocks, options, commodities, and forex
Given the track record of their technical team, Autocharist has the capability to become an industry leader in not just crypto but more broad automated investing platforms.
Autocharist Reviews
Autocharist is generally well-regarded among users on leading consumer review platforms:
- Trustpilot – 4 out of 5 stars based on over 350 reviews
- App Store – 4.8 out 5 stars across over 500 ratings
- Positive feedback for the platform’s ease-of-use, trading performance, and customer support response times
- Some negative reviews related to users not understanding crypto trading risks properly initially
As typical with financial services, experiences can vary, but Autocharist has very competitive reviews relative to the rest of the industry.
Final Thoughts
Automated crypto trading platforms like Autocharist are bringing sophisticated trading capabilities to everyday investors. The complex technology works quietly behind the scenes while users benefit from the boosted returns without added effort.
Crypto markets will likely continue displaying higher volatility and rewards relative to traditional assets. By blending the power of automation and blockchain’s potential, Autocharist offers an easy way to capitalize on this opportunity.
The platform simplifies crypto investing for new users while potentially supercharging profits for advanced traders through automated execution. Easy integrations across top exchanges provide investors exposure to the top cryptocurrencies.
Given the trajectory of adoption, Autocharist has the opportunity to establish market leadership in bringing automated trading for crypto and other digital assets to the masses while democratizing finance.
Frequently Asked Questions
Is Autocharist free to use?
Autocharist offers a free account with limited functionality for users to test the platform. Paid plans unlock additional bots, backtesting capability, and higher trading volumes.
What exchanges work with Autocharist?
The platform connects with over a dozen major centralized exchanges like Coinbase, Binance, Kraken, KuCoin and OKEx. It does not yet support decentralized exchanges.
Can I lose money through Autocharist bots?
Yes, crypto trading inherently has risks. However, Autocharist’s backtested strategies minimize losses through features like stop losses while maximizing upside.
What happens if the market crashes?
During major crashes, Autocharist bots will execute stop losses and position sizing to preserve capital. Backtests confirm strategies are resilient across bull and bear markets.
Can I automate trading directly through my cold storage wallet?
No, currently users need to connect API keys from hot exchange accounts supported by Autocharist for trading integration.
How often are bots and strategies updated?
The Autocharist team continually monitors performance and regularly updates bots with latest data. Significant changes may require resets which the platform manages automatically.
