Zenbot Review

General information

Zenbot is an open-source, command-line cryptocurrency trading bot written in JavaScript and Node.js. It features an extendable modular architecture that can be integrated with a wide range of exchanges and data sources.

Zenbot claims to be able to trade multiple assets simultaneously and is capable of high-frequency trading. The bot is also supposedly capable of employing technical analysis indicators such as Bollinger Bands and RSI in its strategy.

The code for Zenbot is available on GitHub and the project's website claims that the software is "in active development." However, there has been no activity on the GitHub repository since October of 2018. This could mean that the project has been abandoned or that the developers are simply no longer updating the code publicly.

Account types

1. Basic

The basic account is the most affordable option, starting at just $19 per month. This account includes all of the features of the free account, plus access to additional features such as custom reports, live chat support, and priority email support.

2. Professional

The professional account is the next step up, starting at $49 per month. This account includes all of the features of the basic account, plus access to additional features such as advanced reporting, live chat support, and priority email support.

3. Business

The business account is the most expensive option, starting at $99 per month. This account includes all of the features of the professional account, plus access to additional features such as custom branding, live chat support, and priority email support.

Price

1. Basic

The basic account is the most affordable option, starting at just $19 per month.

2. Professional

The professional account is the next step up, starting at $49 per month.

3. Business

The business account is the most expensive option, starting at $99 per month.

Features 

1. Open Source

Zenbot is an open-source piece of software, meaning that its code is publicly available for anyone to view and modify. This makes it a good choice for those who are looking for a customizable solution, as you can change the code to better suit your needs. Additionally, because it is open source, there are many community-created plugins and extensions available for Zenbot.

2. Support for Multiple Cryptocurrencies

Zenbot supports multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Zcash. This makes it a good choice for those who want to trade a variety of different assets.

3. Backtesting

Zenbot includes a backtesting feature, which allows you to test your trading strategies on historical data before putting them into practice. This is a valuable tool that can help you to refine your strategies and ensure that they are effective.

4. Paper Trading

Zenbot also includes a paper trading feature, which allows you to test your strategies in a simulated environment without risking any real money. This is a great way to learn about how the software works and to test your strategies before committing any capital.

5. Cloud-Based

Zenbot is cloud-based, meaning that it can be accessed from anywhere with an internet connection. This makes it convenient for those who want to trade on the go or from multiple locations.

6. Extendable

Zenbot's modular architecture makes it easy to add new exchanges and data sources. This allows you to customize the software to better suit your needs and keep up with the latest developments in the cryptocurrency space.

Risks 

1. No Longer Actively Developed

As mentioned earlier, there has been no activity on the Zenbot GitHub repository since October of 2018. This could mean that the project has been abandoned or that the developers are simply no longer updating the code publicly.

2. No Mobile App

Zenbot does not currently have a mobile app, meaning that you will need to access it via the web interface. This may be inconvenient for some users, as it requires an always-on internet connection.

3. High Risk of Loss

Cryptocurrency trading is a risky endeavor, and it is possible to lose all of your capital. The use of leverage can amplify these losses, so it is important to trade carefully and only with money that you can afford to lose.

Excellent Customer Service

One of the things that we like about Zenbot is its excellent customer service. If you need any help using the software, you can contact their support team via live chat or email and they will be happy to assist you. Additionally, the Zenbot website includes a comprehensive FAQ section that covers all of the most common questions and issues.

Bars

Pros/Cons