• Posted On: 10 10 月, 2019
• Posted By: admin

When it comes to creating a balanced crypto portfolio based on various automation instruments, it is important to work with companies that provide an excellent level of user experience and software quality. Automated trading bots like Quandency can be incredibly useful helpers in your quest for profitability optimization. This vendor has a solid product lineup, great complimentary services, and a wide range of presets.

While you cannot use an AI crypto trading bot here, it is possible to use artificial intelligence. The company has an AI strategy builder capable of deciphering natural language and creating scripts based on user descriptions of strategies and signals. While the functionality of “Cody” still needs some honing, it is already an interesting tool to experiment with.

Various innovations and small improvements in areas where Quandecy competitors often fail to grow make this platform a great choice for forward-thinking individuals. However, the absence of social features, signal supplier integration, and other neat whistles and bells present on many industry-leading platforms may force some users to consider searching for alternatives. Before talking about viable options, we must understand what makes this particular vendor stand out.

Let’s compare Quadency with other trading bots

The platform is trusted by over 100 thousand registered users from all across the globe. It is a solid service that has many loyal customers and delivers a great user experience thanks to the rich product lineup, interesting presets, and a multifunctional smart terminal that works across all supported centralized exchanges.

Below are some of the products that put this company on the map of the automation sector:

• Cody is a great AI assistant. This ChatGPT derivative is a great tool for platform-specific tasks like creating unique strategies, writing code for signals, and other functionality. The strategy builder is clever enough to understand very basic descriptions of strategies and their goals. It can quickly write scripts that work as described by users and deploy them on certain markets. You can also ask various questions about the smart terminal and its functionality.
• Unique robot presets. Many retail traders are used to tools like DCA and grid systems. However, you can also find a plethora of other interesting solutions here. Most of them are based on popular technical indicators allowing users to quickly get started by launching robots that follow algorithms based on tools familiar to investors. For instance, you can run a MACD robot and adjust it according to your preferences and requirements.
• The QUAD token can be used to pay for the service and generate rewards. Unlike tokens issued by centralized exchanges and other services, this one can be used to increase the efficiency of trading on multiple CEXes thanks to multiple integrations with platforms like Crypto.com, Binance, and Kraken. QUAD will give you a 50% discount on all subscriptions while also allowing you to get access to new products and features earlier than other users.
• Multi-exchange smart terminal. One of the best features of the platform is its powerful terminal that uses the charting capabilities of TradingView. You can easily use all the analytical tools that are in the catalog of this powerful charting tool and use the terminal to trade on several different exchanges from one place. The terminal is on par with the best Quadency alternatives like Cryptohopper, 3Commas, and WunderTrading.

The existence of the QUAD tokens turns holders into investors receiving passive returns depending on the size of their holdings. You can also receive different perks like the expanded library of presets, more concurrently running ATS and VIP support. In general, the feature set of the platform is quite generous and provides significant value for your buck. In terms, of pricing, you can reduce the payments to make them lower than the industry’s average.

We strongly believe that many of the top alternatives to Quadency can be just as good at providing automation services but the lack of gamification and unique features that can be unlocked through holding native tokens make it impossible to find similar offerings in the current landscape of the automation sector. On the other hand, users who do not need these whistles and bells may be disappointed by the limited flexibility of the toolkit here and the lack of social features that make it easier for newcomers to get into action.

What do crypto bots similar to Quadency lack?

The current iteration of the platform is unique in a couple of ways. For starters, it has a very interesting collection of ready-made strategies that can be easily deployed. However, these strategies are very different from what many other providers like TradeSanta or WunderTrading are offering to their clients. The presence of AI assistance also creates an exclusive experience that is not yet replicated throughout the whole sector.

Let’s talk about some of the most interesting features that are exclusive to the platform:

• Robots based on specific technical indicators. It is true that many basic trading strategies in most speculative markets are based on using a single indicator. Some investors are used to relying only on RSI (Relative Strength Index) while others may only use 3MA (3 moving averages). The developers of this platform decided to focus on several hugely popular analytical instruments to ease the onboarding and simplify the investment process for experienced retail traders. You can automate MACD, Bollinger Bands, Mean Reversion, Multi-Level RSI, and more.
• Customizable staple ready-made solutions. According to some reports, up to 72% of all retail traders use various forms of ATS setups to optimize their operations in the crypto market. It means that the majority of people in the crypto ecosystem are familiar with popular robot presets such as Grid and DCA trading ones. Unlike many alternatives to Quadency for crypto trading, this provider focuses on delivering a slightly enhanced experience when using these presets. For example, the Grid Trader is a fully customizable system that can be adjusted according to your risk style and investment preferences.
• Unique automation features. The Portfolio Rebalancer is a great tool for people who are interested in complex multi-asset systems like statistical arbitrage. The Rebalancer will attempt to change the composition of assets depending on price fluctuations. While default settings are designed for the crypto market in general, you can make adjustments to account for specific patterns that are normal for certain digital assets. In essence, the system operates as a network of grid trading robots that correspond with each other to create a better end result.
• The AI assistant can be helpful in many scenarios. CODY is an iteration of a ChatGPT instance trained specifically to create workable scripts for the platform. Users can make requests like “buy $50 worth of BTC every day” or “make a grid robot that will place delayed orders at 10% of the position size”. The system will decipher these messages and turn them into strategies that can be immediately deployed. You can also instruct it to purchase specific assets that are in Tthe OP 10 lists across the web or create a complex script that will account for price movements and important events.

Thanks to these features, it is quite hard to find automated trading bots like Quadency. However, this provider lacks in some important areas. To understand why you may need to switch to another vendor, we have to talk about the inadequacies of the platform and its apparent downsides.

What may have been an improvement…

The company is known for its innovative and creative approach to designing a useful product that can be used by anyone. However, it is also known for being too rigid in terms of expanding its product lineup and ensuring that they are not trying too hard to be the most unique vendor in the sector. We strongly believe that adding some more features to the platform could change the way many investors see it:

• Social features are incredibly important for many newcomers who do not have the experience and confidence to explore the world of crypto without any guidance. On the other hand, we all have to start somewhere. Copying someone else’s trades is one of the simplest ways to participate in the market while learning when, how, and for what reasons some experienced traders are entering and exiting positions. Note that the social component can be more than just copy or mirror trading. Zignaly is a good example of a platform that strongly focuses on trust management while 3Commas is famous for its social marketplace featuring signal suppliers and strategy designers.
• Integration of signal suppliers. Many industry-leading vendors make sure that their clients have access to guidance from trusted sources. Many retail traders are used to receiving valuable tips from respected suppliers. It means that the best idea for an investor is to automate the response to these alerts by allowing robots to create trades automatically upon receiving a signal. Such setups are available on many platforms including TradeSanta and WunderTrading.
• Integration with centralized exchanges. One of the reasons to search for similar tools to Quadency is the limited number of integrations within the crypto ecosystem. Currently, it supports just 5 centralized exchanges, namely Binance, Coinbase, Kraken, KuCoin, and OKX. While it is a solid list of respectable CEXes that have been around for quite a while, it pales in comparison to what other providers can offer. For example, WunderTrading is capable of connecting to 14 different exchanges. Tools like HummingBot have dozens of API connection presets or be directly connected to any exchange that has a private API gateway.
• Insufficient educational materials. Onboarding is one of the most, if not the most, important processes in the crypto industry. Over 60% of people who are afraid to explore the world of crypto are saying that the lack of knowledge and steep learning curves are the main reasons preventing them from trying to trade some coins. While this platform is not the most complex in the world, it still requires users to spend a lot of time learning how to navigate the dashboard and set up robots. You will find some educational videos about the smart terminal and a couple of guides on robot adjustments but it is not enough to infuse someone with confidence.

These are significant downsides that make it quite hard for all users to pick this particular provider over some industry-leading vendors with more expansive product lineups, richer functionality, more integrations, and deeper educational materials. Thankfully, the current landscape of the automation industry features hundreds of suitable candidates. Let’s talk about some criteria that you can use to pick a good provider.

Choose the best crypto trading bots instead of Quadency

Selecting a good provider that will give all the necessary tools to create a balanced portfolio is a difficult task that many would call insurmountable. To make a perfect pick, you have to test hundreds of platforms and hope that they won’t change for the worse in the future. The game is about narrowing down the list of trustworthy vendors that deserve your attention and making a selection based on how you feel about them.

Below are some important factors that you should consider:

• Reputation and user base. The number of registered users and the opinion of the community indicates trustworthiness. It means that a lot of people leaving good reviews usually make a point that it is a platform that you can respect. You may also want to look at metrics like trading volume.
• Supported exchanges and currencies. Some CEXes will be everywhere. Binance and Coinbase are massive platforms that seemingly support all providers or vice versa. Binance is one of the main financial backers of the open-source project called HummingBot, which is also a great automation tool.
• Features and products. You need useful tooling like backtesting, analytics, real-time monitoring, and customizable robots. Having a helpful AI or a catalog of useful presets can be incredibly satisfying for many users.
• Pricing. Many retail traders seem to believe that relatively small monthly payments do not matter in the grand scheme of things. However, even $10 per month adds up quickly if you are not achieving your investment goals. Be frugal, pay fair prices.
• The availability of good learning resources. As mentioned previously, it is important to simplify the onboarding process and teach users how to use various automation tools effectively. The best Quadency alternatives have extensive content libraries with all sorts of educational materials.

These factors are measurable. For instance, you can simply count the number of unique presets offered by a platform or see the weighted rating on Trustpilot. Make sure to find providers that tick all the boxes and can be considered trustworthy. Look at companies that have 3+ stars on Trustpilot, good reputation in the community, and offer a wide range of ready-made solutions and complimentary features.

It is a good idea to focus on vendors that have a rich variety of tools available to all users. For example, grid trading systems can be incredibly useful to many investors who want to add consistent trades to their investment strategy while AI-assisted statistical arbitrage offered by WunderTrading is a nice tool for experimentation.

The best Quadency competitors in 2024

We do not want to focus on describing the most interesting options in detail. Instead, we will give you a list of reliable providers that can be used as starting points for your exploration of the automation industry. Note that we do not directly endorse the platforms mentioned below. You must do your own research and test these companies personally.

• Cryptohopper is a great choice for users who are interested in working with technologically advanced vendors that have a rich variety of different presets that can be deployed quickly. Cryptohopper has one of the best grid robots on the market. It can be adjusted to your liking. Alternatively, you may simply allow the AI system to manage it and make corrections based on market conditions.
• GunBot can be a great pick for investors with high aspirations. The robot operates across the DeFi and CeFi sectors meaning that you can use it on centralized and decentralized exchanges like Uniswap or Curve. GunBot also has an AI assistance that works similarly to CODY in many ways. It can interpret descriptions of strategies made by users and write scripts.
• HummingBot will work well for retail traders on a tight budget. If you do not have any extra cash to pay for robots, you can simply download the client and connect to any exchange that has a functional private API. The project is supported by leading CEXes like Binance and Coinbase. Note that this robot also can connect to decentralized and centralized platforms.
• 3Commas makes it possible for all users to explore incredibly useful and powerful social components like the marketplace of ideas where you can buy strategies, signals, and analytical services. The copy trading section is also very diverse with over five hundred verified lead traders from over 10 CEXes featured by 3Commas.
• TradeSanta claims to have over a thousand different ready-made strategies that can be launched with a couple of clicks. It is a great platform for people who are interested in a relatively chill experience with minimal management efforts. TradeSanta has many other advantages including in-depth analytics and customizable presets.
• Zignaly offers a new look at trust management with its shared profits model that ensures that investors are paying only for profitable trades made by managers. It is a model that encourages participation and good performance. It is a good choice for low-budget investors since you can get started with just $10.
• Pionex is another excellent choice for people who do not want to overpay for an automation service. Among Quadency replacement options mentioned in this list, it is the only one that operates strictly on commissions collecting 0.05% on each trade. It is cheaper if you have a small portfolio but can be pricey if you trade large volumes.
• WunderTrading is a great selection if you are seeking variety and flexibility. Here, you can launch any preset. You may be interested in running a DCA or arbitrage trading bot using the functionality of this platform. In all cases, you will be surprised by the quality and simplicity of the dashboard. If you are a newcomer searching for guidance, go to the marketplace and copy the actions of vetted professionals. You may also want to explore that AI-powered statistical arbitrage robot that can be quite effective in certain markets.

All of these providers deliver a great customer experience and have solid products that have been tested over time. All these projects have been around since at least 2018. It means that they have the goodwill of the community and have managed to stay at the top for quite a while.

Quadency vs other crypto trading bots

Note that we do not claim that any of the companies listed above are decisively better than the provider in question. In the end, it all comes down to preference and not much else. We strongly believe that QUAD is a good idea and can be quite useful to loyal customers. The product lineup is solid and the reputation of the company is quite positive.

On the other hand, it lacks some important functionality like social features, AI features outside of ChatGPT clones writing code, and a stronger focus on UX/UI and onboarding. If you want to have a better time automating your investments, it is a good idea to search for alternatives in this expansive sector of the crypto ecosystem!

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