In this post I will be reviewing Trality which is lets you build your own custom trading robots and follow those built by other likeminded traders. It is a complete automated trading solution for expert programmers, traders and everyone in between. You can try auto trading for free and run trading bots 24/7 all in one cloud-based platform. In this Trality Review, we will look at what it is, how it works and some of the standout features. Hopefully this will help you make an informed decision as to whether this is a trading service that you feel could be of benefit to you. Thus, without further ado, let’s get right to it!
What is Trality?
Trality is a user-friendly platform which anyone can use to create and invest via automated trading robots. Experienced developers can build unique robots based on complex algorithms within the browser-based Python editor. On the other hand, followers can copy trading signals from these bots through an easy-to-use mobile app. This makes Trality a service that is suitable for everyone, regardless of your prior experience when it comes to trading online.
Robot developers can show off their programming skills whereas followers can save time and potentially benefit from algorithmic trading strategies without doing any work by copying signals from these bots. They have a variety of flexible and reasonably priced packages for different levels of users with different needs. If you are looking to try out something new, improve existing skills or simply test out a trading idea, there is something for everyone.
How does Trality work?
You can simply connect your crypto exchange to Trality via API so that you can use the trading robots to send signals from Trality to the exchange. Your algorithms run 24/7 without you needing to setup your own trading server so you should never miss a trade. They have an ever-growing of exchanges that you can choose from including some of the most trusted exchanges such as Binance and Coinbase.
Trality have a choice of pre-built trading robots to choose from or you can develop and test your own. There are various different ways in which you can use Trality to develop your own customised trading bots, some more complicated than others. Let’s take a look at the code editor and rule builder options.
Code Editor: If you are already a skilled programmer, you can use your Python skills and create advanced trading robots using a browser-based Python Code Editor. Take advantage of an ever-increasing range of packages, a code debugger and full suite of ML modules to backtest and live-trade like a professional. You can bring your most advanced trading ideas to reality using the abundance of tools and features in the code editor.
The Rule Builder: If you don’t have any prior coding experience then this would probably be the best option for you when it comes to developing a trading robot. Using the rule builder, you can create unique automated trading algorithms without needing to know a programming language or writing a single line of code. The Trality rule builder is intuitive with pre-defined trading strategies to choose from. There is an impressive selection of over 100 technical indicators.
The rule builder uses simple Boolean logic to arrange strategy parts. Boolean refers to a system of logical thought that is used to create true/false statements. E.g. If price is above the 21-period moving average and the MACD is greater than 0, then enter a long position. This is of course a very rough example but hopefully gives you an idea of how easy it would be to create your own automated trading strategy using the rule builder.
Backtesting: The Trality back tester lets you run an automated strategy over historical data to see how it may have performed historically speaking. This can help to give us a rough idea on how valid a particular trading strategy idea may be, how it can be improved and if it is worth exploring in further details. It can save lots of time from having to manually analyse a strategy over chart data.
If you have lots of ideas, backtesting could be a useful way to filter them down to those which deserve the most attention. It is worth noting that back testing is not always accurate and does not always account for certain things such as spreads, slippage and commission fees. We should never view backtest results as a guarantee for future performance.
Forward testing (demo trading) can be a way to further improve upon backtests. Trality do have virtual accounts where users can employ strategies to test in a real trading environment as way to validate them before investing real funds.
Trality Marketplace
After you have built your own unique trading bot, you can potentially earn some money by introducing it to the Trality Marketplace. This is a curated space where bot developers can offer their bespoke robots to rent to other crypto traders. Developers will always maintain full control over their robot and the underlying trading algorithm that is implemented within it.
Who are Trality?
Trality was founded in 2019 by Moritz Putzhammer and Christopher Helf in response to the highly volatile and very unpredictable crypto market. The vision for Trality was to bring automated crypto trading to those who need it the most, whilst removing the usual complexities that can be involved with algorithmic trading. They believe that automated systems can remove the negative human emotions and poor trading discipline which can have an adverse impact on trading performance. They are actively changing the automated trading landscape by giving everyone convenient access to state-of-the-art tools that can be used to either automate their own trading strategies or copy signals from those already on the Trality platform.
Is Trality safe?
Trality will not need access to your funds or trading algorithms and only use official exchange APIs. Exchange APIs are a way for traders to access their exchange account programmatically so they can trade without logging into the exchange. With APIs, traders can use 3rd party services to execute trades, manage their portfolio, collect data on their account, and implement complex strategies.
The platform has made the safety and security of users’ funds a top priority. The Trality system has no direct contact with your funds which stay deposited at your crypto exchange or broker. The Trality robots just send trading signals to the exchanges for you.
All of the Trality bots are sandboxed and run individually. The platform only duplicates trading signals and portfolio distributions depending on the circumstances of each individual follower. Logging, debugging and other functionality is not available for followers.
How much does Trality cost?
There are flexible price plans to choose from and a free plan for beginners who just want to try out the platform without making a commitment. Trality do not take any fees from your trades. The available options are listed below with monthly prices. If you opt for an annual plan you can save a sweet 20%.
Pawn Plan
- Price: Free
- Trading Volume: €5,000
- Smallest Tick Interval: 60m
- Live Bots: 1
- Virtual Bots: 1
- Log Retention: 1 Week
- Backtests: Unlimited
Knight Plan
- Price: €9.99
- Trading Volume: €25,000
- Smallest Tick Interval: 60m
- Live Bots: 2
- Virtual Bots: 2
- Log Retention: 1 Month
- Backtests: Unlimited
Rook Plan
- Price: €39.99
- Trading Volume: €250,000
- Smallest Tick Interval: 5m
- Live Bots: 5
- Virtual Bots: 5
- Log Retention: 6 Months
- Backtests: Unlimited
Queen Plan
- Price: €59.99
- Trading Volume: Unlimited
- Smallest Tick Interval: 1m
- Live Bots: 10
- Virtual Bots: 10
- Log Retention: Unlimited
- Backtests: Unlimited
Trality Conclusion
Trality is a cloud-based platform that lets users build automated crypto trading software using a browser-based code editor or rule builder interface. The software can be used as both a crypto trading bot development tool and a social space for active traders to meet and exchange their strategies, ideas and robots. They have a discord channel which is active with a number of enthusiastic traders if you want to join in on the discussion.
I would put this cryptocurrency robot up there with some other popular automated crypto trading platforms such as Quadency, Coinrule, Shrimpy, Zignaly, CryptoHero, Mudrex, Centobot, 3Commas, Bitsgap, Cornix, ProfitTrailer, HaasOnline, Gunbot, Cryptohopper, Trade Santa, Stoic and Pionex.
Trality
€9.99
Pros
- Develop custom trading robots
- Copy trading signals
- Browser based code editor
- Rule builder interface
- Data to back test robots
- Demo trading available
- User-friendly platform
- Robot marketplace
- Discord community
- Various price plans
Cons
- A limited number of exchanges available
- No mobile app
- No copy trading
- Quite complex to setup
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
