Livetrader is a bitcoin and crypto trading bot hosted on the cloud.

It allows users to create automated strategies for cryptocurrency markets using technical indicators.

Mostly aimed at beginners, it provides a simple way to launch bots and backtest them without having to write a single line of code.

Launched in 2018, the platform has gathered a small community of traders but has not yet seen massive success.

As always, for this Livetrader review, we have tested the platform and can now give you a detailed rundown of everything it is about.

So if you are on the verge of trying Livetrader, or just interested in automating your crypto trading, you will find everything you need to make an informed decision.

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Livetrader User Interface

The platform is beautifully designed.

It is clean, uncluttered and there is no doubt that beginners will find it easy to navigate.

Unlike many other platforms, Livetrader does not have a a lot of features which can make it look a little empty at times. Especially at first when you have not created any strategy.

Thanks to well executed helping pop ups, you will be guided in the creation of your first strategy and backtest.

Livetrader Welcome
Livetrader Interface

Exchanges

At the moment, the number of crypto exchanges available on Livetrader is clearly not one of its biggest appeal.

The platform only integrates with a handful of exchanges:

  • Binance
  • Binance US
  • Kraken

If you have another favorite exchange, or don’t really trust Kraken or Binance with your hard earned crypto, you will have to pass and have a look at other trading bots.

Adding a couple of other exchanges who be a great addition to Livetrader and most likely attract more users as the current offering is rather poor.

Livetrader Exchanges

Livetrader.io Strategies

Using Livetrader to automate your strategies is child’s play.

However, you will have to know what strategy you want to automate.

Even though the platform will guide you and have some pre-made strategies that are relatively simple, if you have never opened a trade or don’t have any strategy of your own, you will have to run a lot of tests and Livetrader might become frustrating.

On the contrary, if you have a very complicated strategy, combining multiple indicators that are not your classical MACD, RSI or else, you will have to go and have a look at another platform like 3Commas or Cryptohopper for example which allows for much more complicated trading strategies.

Livetrader Strategy

How To Create a Strategy on Livetrader?

You will be guided during every step of the creation of your trading trading strategy.

Time Interval

First, Livetrader will ask you to choose your time interval.

The platform integrates nine time intervals, from 5 minutes to 1 day.

This means that if your strategy works best on a 1 minute interval, you will, once again have to find another crypto bot.

We believe however, that the majority of crypto traders will find a timeframe that suits their strategy.

Livetrader Strategy Time Interval

Technical Indicators

The next step will be to determine what indicators you will use in order to execute your buy and sell orders.

The process is separated and you will be able to use different indicators here which is not always the case.

At the moment, Livetrader allows only 8 technical indicators (out of the 21 advertised) which is definitely not a lot.

Available indicators at the time of writing are:

Oscillator:

  • RSI
  • CCI

Momentum:

  • STOCH
  • ROC
  • %R
  • PPO

Moving Average:

  • MACD

Volume:

  • MFI

Safety parameters

Once you have selected your desired strategy, you have the possibility to add safety parameters.

As you probably know, risk management and preservation of capital is key in trading.

Livetrader understands this and allows its users to use Stop-loss and Trailing Stop-Loss in order to manage your downside or lock in profits.

Livetrader Strategy Safety Features
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Livetrader Backtesting

In order to confirm the efficiency of your strategy, it is essential to backtest it.

The process is once again, easy and you will be guided through every steps.

Livetrader.io Backtest

How to run a Backtest?

To run a backtest, you will either have to select one of your already created strategy, or test a brand new one.

If you choose the latter, you will have to go through the same steps as for a strategy creation.

Choose a market; select your buy and sell indicators and input some safety parameters if you feel like it.

Backtest Parameters

One good point for Livetrader is that you have the opportunity to set some parameters for your backtest.

Two are currently usable, and one is “coming soon”.

Usable backtest parameters:

  • Trading Fees
  • Slippage

Trading fees and slippage can considerably alter the performance of one’s strategy.

This is why is critical to be able to test the overall efficiency of a trading strategy while accounting for those parameters which is not the case for every crypto trading bot out there.

Livetrader.io Backtest Trading Fees
Livetrader.io Backtest Slippage

Soon to be available parameter:

  • Backtest Time Period

Testing your strategy on different intervals will allow you to see in which market conditions the bot performs well, and which it doesn’t.

You might have to turn your bot on in a bull run and off in a bear trend and that is ok.

Thinking your bot will perform well in any market can be very dangerous.

While this parameter is not available yet, it would be great if the team behind Livetrader.io could roll it out soon.

Livetrader Backtest Time Period

Backtest Results

Livetrader’s backtesting results are comprehensive and to the point.

You are not inundated by data and are shown the most important points:

  • Overall Performance
  • Number of trades executed
  • Entry and Exit points on the chart
Livetrader backtest Results

Backtest Trades Details

You have the possibility to have more details regarding the trades that were taken by the bot.

You will be able to look at trade’s:

  • Date
  • Entry or Exit price
  • Performance
  • Amount of fees

While running our tests, we have not been able to see the details for each trade that was taken. This is arguably a problem as you might want to dig a little deeper when doing a proper backtest.

Furthermore, the backtesting range (that you can’t set up) was very short.

We tested a simple MACD strategy on a 4h time interval and the backtest results were only for the current month, which is a lot less than what is possible on other platforms.

Needless to say we were quite puzzled.

Livetrader.io backtest Trades

Livetrader Security

Like all web-based crypto trading bot platforms, Livetrader is safe for your crypto.

The platform cannot withdraw funds from your exchange and provides standard security measure like 2FA in order to improve your account’s security.

You will receive trading notifications when your bot enters and exits a trade which ensures you are always up to date with what is going on.

The Team Behind Livetrader

Unlike other bitcoin and crypto trading bots that chose to be completely transparent regarding their founders and team, like Aluna.Social and Zignaly to name a few, little is known about Livetrader.io.

Some will find that this is the way it is supposed to be. This is crypto after all. But for some, this might be problematic.

The lack of transparency means that founders have less skin in the game. No reputation to defend. That being said, none of your funds are on the platform so you won’t have to worry about that.

Looking a little closer, we found that the company behind Livetrader is Bot Capital PTY LTD registered in Brisbane, Australia.

This company runs another crypto-related website called coinloop.io which appeared to be still in development at the time of writing.

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Livetrader.io Pricing & Plans

If you are interested in Livetrader, you will have to choose between three different subscription plans after a 7 days free trial.

All plans will grant access to interesting features, even the Starter which is welcomed.

You will be able to enjoy:

  • No Additional Trading Fees
  • Premium Support (Discord / Email / Chat)
  • Backtesting
  • Market Anomaly Detection
  • Paper Trading
  • Cross-Exchange Trading
  • Advanced Strategies
  • In-Depth Dashboard

It is worth noting that you will be able to enjoy a 20% Discount if you opt for a yearly payment over a monthly subscription.

 

Starter Plan

The starter plan will set you back $15 per month with an annual subscription and $19 if you opt for a monthly payment.

You will have access to:

  • 20 Bots
  • 1 Strategy
  • All Indicators
  • Unlimited Positions

 

Advanced Plan

The Advanced is priced at $39 / Month with an annual payment and $49 on a monthly basis.

It features:

  • 250 Bots
  • 5 Strategies
  • All Indicators
  • Unlimited Positions

Professional Plan

Livetrader Professional plan costs $79 per month paid upfront for the year and $99 if you select a monthly payment.

It features:

  • Backtesting
  • Email Alerts
  • SMS Alerts (Not working on a US Number)
  • Up to 5 Live trading Bots
  • Margin Trading / Short Positions
  • $20000 Trading account equity limit
  • Early Access to New Features
Livetrader Pricing

Livetrader.io Review Conclusion

During our Livetrader tests, we increasingly felt like the platform was still in Beta and unsure who its targeted traders were.

If you are a beginner, you will find it easy to create a strategy and backtest it, but the lack of marketplace or copy-trading feature will seriously lack compared to its competitors. Furthermore, you will quickly see the limitations of the software as the available indicators are scarce and do not allow for even moderately elaborated trading strategies.

If you are an experienced trader, or even intermediate, it will not take you long to realise that Livetrader.io was not made for you. you can’t use custom signals from Tradingview, can’t create sophisticated strategies, nor build reputation through the marketplace.

All in all, this cloud-based platform can be useful to those who are at the very beginning of their crypto trading journey and want to dip their toes into trading automation.

Its simplicity and intuitiveness will certainly be an appeal to some and the 7 day free trial will allow you to make up your mind quickly as it will not take you long to see what Livetrader is all about.

We hope that new features will be released swiftly and that it will keep improving upon what has already been built. As always, we will keep updating this Livetrader review when that happens.

Livetrader

$15
2.9

Ease of use

4.3/5

Features

2.3/5

Social trading

0.0/5

Support

4.5/5

Reputation

2.5/5

Price

4.0/5

Pros

  • Easy To Use

Cons

  • No Marketplace
  • Lack of Technical Indicators
  • Hidden Team
  • Imperfect Backtesting