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Introduction

TradeSanta Review - Automate Trading Strategy (2022)

  • Simple and straightforward, suitable for beginners.
  • Free 5-day trial that allows you to try on the shoe before buying.
  • It supports a wide range of programmable parameters and easy-to-understand strategies and templates.
  • Support for most major centralized exchanges.
  • An active telegram community where you can quickly find any answer to any question users might have.
  • Automates cryptocurrency trading and saves a lot of time.

Article content

TradeSanta is cloud software used to automate trading strategies across various cryptocurrency exchanges. It was published in 2018, but it was not until 2019 that it began to gain ground in the crypto-community. 

Tools like TradeSanta are useful when you want to get started trade with cryptocurrenciesbut you don't have enough time to ship each store yourself. Therefore, the TradeSanta bot executes trades on your behalf according to the preferred settings you selected when creating your trading bot. In short, TradeSanta eliminates the need to trade manually and instead automates them. You can create as many separate trading robots as you want.

TradeSanta is easy to use and supports most major centralized crypto exchanges. Each bot implements a single strategy involved in the selected cryptocurrency exchange by trading a preset trading pair.

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TradeSanta reviews

TradeSanta is cryptocurrency trading software that helps its users deal with unstable cryptocurrency and take advantage of fluctuations in the value of different types of coins. The main purpose of TradeSanta, which fully includes automation, is to allow you to trade 24/7 without changing daily trading to a full-time position.

All its users need is to create an account, connect it to supported cryptocurrencies, select a pair of trading pairs, and set up a trading robot in minutes. It is clear from this process that TradeSanta is made for beginners, casual and inexperienced users.

It has a simple and intuitive interface, it does not require too much effort from traders to get an overview of the robot mechanism for trading cryptocurrencies. TradeSanta has shoes available that rely on both long and short strategies, allowing you to profit in both bear and bull markets.

Guided exclusively by proven algorithms, TradeSanta closes the trade at the right time, much more timely than you ever could as a regular user. It is also worth noting that TradeSanta has no limits on trading volume, which allows you to buy and sell a large number of cryptocurrencies without steep fluctuations or price drops.

In order to provide something for experimenters and seasoned day trading veterans looking for higher risk and higher reward approaches, TradeSanta allows a large number of customizations in its preset shoe templates. Of course, beginners can use preconfigured templates without having to interfere with the settings in any way.

TradeSanta is cloud-based and requires no setup and specialized equipment to access it. It also allows you to monitor your shoes in real time from virtually anywhere with transparent reports and telegram alerts.

Overall, the basic features promise versatile and reliable services with great potential to get to the top among trading shoes.

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TradeSanta prices

TradeSanta comes in three pricing plans, Basic, Advanced and Maximum. Although the basic feature set is present in all three modes, there are several key differences that make advanced options more lucrative.

Basic plan comes with the number of boots limited to 49, although it provides an unlimited trading volume and an unlimited number of trading pairs. All strategies and telegram alerts are available. Price? Only $ 25 / month.

Advanced plan It comes with everything included in the basic plan, but is upgraded to provide up to 99 robots, Trailing Take Profit, TradingView signals and new statistics. This plan costs $ 45 a month.

Plan Maximum takes the offer to the highest level and provides all of the previous two plans in addition with an unlimited number of active robots and signals TradingView, a boot option for trading on Binance Futures. The maximum is available for $ 70 per month.

TradeSanta offers all new users a free 3-day trial of all plans.

tradesanta reviews

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TradeSanta manual

How does it work?

As soon as the bot opens the shop, it buys the coin you gave it to buy through your strategy, and also immediately calculates the level of profit collection (based on a user-set percentage) and places a long / short order.

It also has an Extra Order option, which is executed each time a price action turns into the opposite action to the strategy you choose. The bot basically makes sure that it buys the desired coin at a lower price and also automatically adjusts the profit collection level based on your entry percentage.

How to create a TradeSanta account

Setting up an account is easy. You must enter a login username and password and provide a valid email. Once you've submitted your information, you'll receive a confirmation email, which you'll need to follow the instructions to verify and activate your account.

Once you sign in, you need to choose a tariff, so go to  Subscription> Top up and make a deposit. Enter the amount and send the deposit to the specified address. Once the payment has been made, it automatically updates the account and the newly funded balance. Then you can choose one of the plans to buy.

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Set up access points

You must set up the access point using the API keys of the required Exchange account. You get the API keys via the settings of the account on the stock exchange, you usually set its permissions in the process and confirm everything by email. Once you have generated your API key and the corresponding secret key, enter them into a new access point that will bridge the PBX.

tradesanta reviews

For example, to get your API key and API Secret on Binance, you need to:

  1. Log in to your Binance account and touch the account user icon.
  2. Select "API Management".
  3. Add a name for your API (any name, it's just your API name).
  4. In this step, you may be asked to enable 2-factor authentication (2FA) or SMS authentication, so go ahead and enable one of these security measures.
  5. After enabling one of the security options, re-add the API name. After adding the name of your API, you will receive an email from Binance with a confirmation button. Once pressed, you'll be taken to an API page with an API key and an API secret key.
  6. Copy them and add them to TradeSanta. Done!

Tradesanta setting

In the TradeSanta panel, click Create Bot and the wizard will guide you through creating a trading boot in four easy steps.

You will need to connect the boot to the selected exchange and select the pair you want to trade from those available on that exchange. Next, select a strategy (long / short) from the templates and adjust the parameters (percentage of trade profit, signal filtering, etc.). Once everything is set according to your preferences, you can activate the robot.

Function

tradesanta reviews

As you can immediately notice, TradeSanta has a lot of features for its users. First, the algorithm of his business shoes relies on some fairly complex and accurate technical indicators.

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Tradesanta function

The software controls three types of technical indicators.

MACD indicator searches for the optimal entry point based on MACD (moving average convergence divergence) for the last 100 minutes, reveals and reconstructs trends in moving values.

The second indicator, RSI, also looks for an entry point based on knowledge of the resale or repurchase of shares in the previous 100 minutes.

Bollinger's signal is tied to business pairs because it discovers an entry point based on 90 minutes with 5-minute time frames. All three are freely used by each TradeSanta trading shoe.

In addition to the usual preset and customizable shoe templates, which rely on short and long strategies, TradeSanta offers some advanced trading tools that can improve the common cryptocurrency exchange experience.

An example of such a tool is Martingale. In context automated cryptocurrency trading this means that an active martingale shoe will increase the volume of each additional order by a factor of 1.05 to 2. This helps to regain lost value during poor market conditions, but remains a risky feature that is better left to experienced traders.

TradeSanta also offers to buy coins for a commission. With this option, kryptobot will monitor your balance and, if necessary, buy additional coins to cover a commission. Otherwise, make sure you have enough base currency to cover the commission.

Stop Loss is a classic but always welcome feature.

TradeSanta security

When it comes to security and safety, TradeSanta adheres to industry standards. Like other cryptocurrency trading bots, it does not perform its transactions directly, but through the API. This means that TradeSanta never interacts directly with your resources, instead it requires explicit permission and protects your security and privacy.

In addition, TradeSanta supports 2FA (two-factor authentication) for an additional layer of security.

Because several authentication processes are required to link your device to your balances, you can be sure that forcing access to your crypto account is virtually impossible.

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Customer support

The TradeSanta support team is immediately available for questions and assistance via email, official telegram chat and live chat. For the time being, these online written forms of communication are the only official way to contact the customer support team.

On the other hand, most of the materials used for help, as well as tutorials and instructions, are readily available on the web. There is also an active blog with relevant information, which is published every week.

TradeSanta has earned its site on Trustpilot, their average score of 3.7 / 5, where they respond regularly and work hard to resolve any outstanding issues.

Most recent reviews are positive (5 stars), with a minority of negative reviews having a valid explanation or at least showing the hard work of the TradeSanta team and many users trying to throw their own mistakes at the team.

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Výhody
  • Simple and straightforward, suitable for beginners.
  • Free 5-day trial that allows you to try on the shoe before buying.
  • It supports a wide range of programmable parameters and easy-to-understand strategies and templates.
  • Support for most major centralized exchanges.
  • An active telegram community where you can quickly find any answer to any question users might have.
  • Automates cryptocurrency trading and saves a lot of time.
Nevýhody
  • There is a lack of support for some of the major high liquidity exchanges, such as Kraken, KuCoin, Gemini, etc.
  • Not suitable for arbitration opportunities.
  • There is a lack of support for any decentralized exchanges.
Závěr
Závěrečné shrnutí

Taking everything into account, it can be safely deduced that TradeSanta is more than a valid cryptocurrency bot. With many features, easy access, a range of tools and the ability to further customize trading strategies, TradeSanta performs well in cryptocurrency trading mechanics.

Add to that the right security measures, a large community and a visible effort to maintain a good reputation and maintain the best possible user experience, and you get software that is one of the toughest competitors in the sector.

TradeSanta is easy to use, has something to offer, and most importantly, can and also makes you money. TradeSanta is a fast way to automate your trading strategy.

5.0

FAQ

How do I get started with TradeSanta?

Once you've signed up for a plan (or free trial), here's a step-by-step guide to start trading cryptocurrencies on the platform:
Connect TradeSanta to a cryptocurrency exchange. If you already have an account on a supported exchange, you can do this by generating an API key and inserting it into your exchange account settings. If you don't have an account, create HitBTC on TradeSanta. You can do it with just one click.
Select a few currencies to trade with.
Choose a strategy using the Trading View chart and price parameters to help you decide. Here you set stop loss, take profit and other details for your robot.
And it is done! Once you have created your first bot, you are ready to start trading.

How does TradeSanta work?

Investors program their own customer parameters and indicators into the algorithm (bot). Indicators are movements in price or volume that trigger a buy or sell order. Your robot will constantly monitor the trading pair you have assigned it to for these indicators (ie when the pair is trading at the right price, in the right volume, or moving in the right direction based on what you have programmed it to look for).

The parameters define the order details that will be entered when your bot detects the indicator. Here you set the amount you want to buy or sell, profit level, stop loss and other criteria for the trade itself.

To explore TradeSanta, you can check out the TradeSanta youtube channel to help you get started with auto trading. Register and create your first robot with TradeSanta.

Can you make money with TradeSanta?

With TradeSanta, you can certainly make money, but there is no guarantee that you will be profitable only from using the trading platform. As already mentioned, TradeSanta tools can save day traders a lot of time and give them an advantage over traders who trade manually.

All content in this article is for informational purposes only and does not in any way serve as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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