Trality Review 2022: Automated Bot for Pro Traders?

Cryptocurrency has been touted as a great investment, and the best crypto bots are viewed as a great way into the world of crypto trading. Trading bots eliminate human error and emotion from crypto trading while operating on a rule-based system.

In this Trality review, we will cover what the bot has to offer, how is it different from the current options and discuss some frequently asked questions. If you are considering getting a subscription – you cannot miss this article.

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What is Trality?

Trality is an Austrian company that was established in 2019. The founders Moritz Ptzhammer and Christopher Helf wanted to build a trading bot that could reduce professional and individual trading disparity. This resulted in the quest to make algorithmic trading and smarter bots available to all. Trality lets users customize and set up the bots to a very high level of accuracy and precision. The ease of access and multiple features make it an advanced platform preferred by many.

Trality Review 2022: Features Offered

Trality has a number of features that customers can use in order to perfect their algo-trading setup. Some of the main features are:

Complete Cloud-Based System

Trality offers customers a true cloud-based system. This means that you can build the trading bots, test them, and finetune their actions all through the web browser. Once you have created the bot, you can deploy it on the cloud. This takes away the need for complicated hardware and software requirements, making a simple cloud-based system that is easy to trade.

Holistic Rule Building

Trality is a great choice even if you do not have any prior coding experience. If you don’t want to go through the hassle of programming your bot, you can easily build a bot with all the features you want by using the Rule Builder. This is an interactive, graphic-based interface that is quite easy to use. It allows you to build on your strategies via simple drag and drop of both strategy points and indicators. You get to set limits, specify your triggers, stop losses and targets without having to figure out how to code it yourself.

Python Based Code Editor

The powerful Python API lets you make algorithms that are efficient and precise. This allows you to create unique bots that can execute the strategies. The future of Trality holds the promise of intricate mathematical formulae, statistics, and machine learning, along with multiple data sources for cross-reference.

All this is completely hosted on the cloud and happens on your browser, which adds privacy to the list of advantages. In addition, the Python editor offers intelligent auto-complete and debugging, along with the ability to shift between versions of the strategy you have developed. 

Backtesting

For a successful trader, a strategy is always backtested before it is adopted. Trality allows you to check out the validity and success rate of the strategy you have built by backtesting. You can run quick and straightforward backtests, which include the exchange fees.

The in-browser implementation makes it quick, and historical data is available down to every minute candle. The tool in itself is very flexible. It lets you choose the scenarios, time frames, and so on. You also have access to backtesting history and paper trading tools to sharpen your edge.

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Trality Pros and Cons

Here are the pros and cons of Trality to keep in mind:

Advantages

  • In-browser implementation
  • Easy-to-use system for even those who do not want to code
  • Backtesting and paper trading
  • End to end encryption
  • Great documentation
  • Complete cloud-based system
  • Both code builder and rule builder are available

Disadvantages

  • Lack of a trading app
  • Support is limited to four exchanges
  • No future and short trades

Exchanges Supported on Trality

  • Binance
  • Bitpanda
  • Coinbase Pro
  • Kraken

Your Security and Privacy

Security and privacy are major factors to consider while choosing a trading bot. Trality takes care of this with complete end-to-end encryption algorithms. User funds lie secure in the exchange of your choice, never in your account. The trading strategies themselves are encrypted in such a way that even Trality cannot access them. This gives you a completely secure system free from prying eyes. You only need to set your strategies, and the bot will earn money for you 24/7 based on your rules. Your information and money are both secure with Trality.

Trality Pricing

Trality aims to bring algo-trading to everyone. That is why they have a range of pricing plans suitable for everyone. In fact, they even have a free starting plan to test and trade as often as you like and check out the system before opting for a paid plan.

  • Pawn (Free)
    • Trading volume of €5,000
    • 60m tick interval
    • 1 live and 1 virtual bot
    • Unlimited backtests
    • 1 week of logs retained
  • Knight (€9.99)
    • Trading volume of €25,000
    • 60m tick interval
    • 2 live and 2 virtual bots
    • Unlimited backtests
    • 1 month of logs retained
  • Rook (€39.99)
    • Trading volume of €250,000
    • 5m tick interval
    • 5 live and 5 virtual bots
    • Unlimited backtests
    • 6 months of logs retained
  • Queen (€59.99)
    • Unlimited trading volume
    • 1m tick interval
    • 10 live and 10 virtual bot
    • Unlimited backtests
    • Unlimited logs retained

Trality Reviews: Online Sentiment

Trality has excellent reviews on Trustpilot , we thoroughly went through the comments and they do seem to be by bots, these are actual real users of the bot sharing their reviews which match with our bot testing experience. They have an active account on Twitter but the subreddit seems to be low on activity.

Trality Customer Support

Even though they have a detailed setup guide, the only way to get in touch with the team is by email. This is disappointing because, in the crypto world, you are losing/ making money every minute, and the last thing you’d want is to be waiting for a reply on email which might even take over 24 hours.

Signing Up

Signing up on Trality is fairly straightforward. All you need to do is

  • Sign up by clicking on the “Sign up” option here.
  • The dashboard shows you a “Create new bot” option
  • Choose between code editor or rule builder
  • Follow the documentation and build your bot

Conclusion

In conclusion, Trality seems to be a promising Algo-trading platform that has a lot of promise. However, it is to be noted that this bot is suited for intermediate to advanced level traders/ users. With the affordable pricing, great customer support, and plethora of features, it is definitely a good pick.

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