CLEO.one Review: Crypto Trading Bot Platform for Automated Strategies
Many people have considered attempting the art of trading at least once. After all, it comes with the promise of wealth and sophistication. However, the inherent volatility of the market, the threat of loss and the lack of resources are often the dissuading factors.
And then, there are those who try to find opportunities even in the risks of a plummeting market. Their secret is considered to be their understanding of the marketplace or the so-called ‘gut feeling’. On the contrary, seasoned traders rely on a set of strategies that have empowered their decisions and improve the chances of profitability.
As more and more people are considering the trading market for passive income, there is an increasing demand for tools available in the trading niche.
If you don’t have the required time to build your trading knowledge – it might be worth considering an automated trading bot. This technology can help you strategize better and thus – give you the best chance possible of making consistent gains.
In this article, we are looking at CLEO.one – one of the most promising trading bot platforms that can simplify the complex aspects of trading in an autonomous manner and lets you try out different strategies quickly, providing statistics and insights.
What is CLEO.one?
In simple terms, Cleo.one is a financial technology provider that supplies powerful tools to tackle the trading market. The product is the brainchild of experience trader Kevin Grulich and Martin Kessner. The duo concluded that tools available in the market were inadequate for the newbie investor.
A while ago, it was nearly impossible to create a bot that analyzed more than just price movements. You needed to do significant research to develop automated strategies that can be used in multiple scenarios.
With the strength of expertise in data architecture, algorithmic trading, machine learning, and capital market – CLEO.one serves as a user-friendly platform that has dramatically simplified trading strategies.
In other words, it gives you the ability to develop and test crypto bots. Furthermore, the tool provides you with insights that can help you not only make consistent wins – but help you attain financial freedom.
The most impressive part is that the platform appeals to both novices and seasoned traders. It is easy and straightforward to set up strategies, and most importantly, is suitable for trading crypto, forex, and stocks.
What can you do with CLEO.one?
The platform offers you a wealth of data to analyze and formulate your trading game plan.
Here is an overview of what you can do with CLEO.one:
- Create strategies for crypto, forex, or equities
- Work out strategies based on price action, BTC dominance, indicators, and more
- Perform back-tests for your strategy.
- Automate strategies on exchanges that support crypto trading bots
- Perform manual trades with solid risk management.
- Access paper trading facilities
- Reduce trading risks with simultaneous trailing stop-loss and take-profit orders
- Use free and profitable pre-tested strategies
Unlike other providers in the space – which simply provide trading signals and thus – often leave you confused about the next course of action, CLEO.one provides all details you need to set up your own trading bot.
How to Create a new Strategy With CLEO.one
A major selling point of CLEO.one is how organized its interface is for users to be able to create a strategy with ease. The interface is quite intuitive and easy to navigate too, with usability at its forefront.
Even if you have never used a trading bot before, you can create one efficiently on this platform. All data available is from top financial institutions, scrutinized by experts to ensure accuracy.
Users can choose between equity, forex, and crypto to create their strategies. Here you can set up pre-defined conditions, trading pairs, and at what point the position should be executed.
There are hundreds of parameters and trading pairs to choose from as well. CLEO.one gives you total control with considerable flexibility to arrive at your own strategies.
To give you a glimpse of your options:
- Technical indicators, candlestick patterns, price action, crypto fundamentals, and more.
- Numerous ways to set position amounts such as static numbers, up by, down by, crossing up, crossing down, and more.
- You can adjust asset and money management by setting take-profit or stop-loss orders based on market price, percentage of market price, percentage of current balance, or static amount.
You can do all these not only for a single asset but for as many assets instruments you like. At the moment, there are over 40 forex pairs, hundreds of crypto trading pairs, and over 80,000 US equities offered on the site.
Instead of having to code or program your way into a trading bot, all you need to do is input your ideas. You can then proceed to the back-test stage, and your strategies are converted to trading bots.
If and when you are happy with how your formula has been performing, you can automate these strategies as crypto trading bots as well. If not, there is also the manual trading option available.
Note: As you will be saving your strategies on the platform, there is a necessity to verify that no one else has access to your ideas. CLEO.one ensures that your strategy is entirely your intellectual property, and their legal obligations prevent them from sharing this or using it elsewhere.
Apart from the ability to create your own strategies, CLEO.one also gives you free access to tested strategies. There are six strategies in total that work for equities, forex, and cryptocurrencies.
These have been designed based on fundamentals and popular indicators. You can also base your personal strategy on one of the free methods by editing them until it fits your trading goals. Once done, you can run them as fully-fledged trading bots.
Support for Cryptocurrency Trading Exchanges
Currently, CLEO.one offers exchange support only for cryptocurrency trading.
There are five exchanges supported, which are:
- Coinbase Pro
The support for all these exchanges is constantly improving, and you can expect seamless integration in the future.
The platform features a pricing model that can match your personal needs and budget. You can choose to pay monthly or annually, giving you a considerable discount on the overall charges.
Free Account with Binance
At the time of writing, CLEO.one has an exclusive package when you sign up with Binance.
If you have already created a Binance account;
- after 21st July 2020, and
- without a referral code,
you have the opportunity to avail the Cleo.one service for free.
Users of CLEO.one can sign up for free with Binance and take advantage of the trading platform by combining your trading bots’ features.
You can connect your Binance account with CLEO.one through your API. Once the verification is complete, you can choose either to execute automatic trades or switch to manual trading.
This free plan also allows you to perform 10 real-time live trading strategies and unlimited qualified manual trading. You also get to create strategies with a maximum of 3 assets per rule.
Along with the other core functionalities, you also get access to historical data – covering 5 years of forex and 15 years of equities.
- 69 euros per month on the monthly plan
- 49 euros per month on the yearly plan
If you do not want to opt for a Binance account, then this is the first tier of subscription at CLEO.one. Apart from that, all features of this plan remain the same.
You get 100 backtests and 3 assets to work with. The notable difference is that you get to set 10 rules per strategy in place of 3. The plan comes with 10 real-time paper trading strategies.
- 199 euros per month on the monthly plan
- 149 euros per month on the yearly plan
With the Trader plan, you can execute 50 real-time live trades and 500 backtests for your strategies. The biggest perk here is that you get to assign unlimited rules per strategy – though there is a limit of 10 assets per rule.
You also get access to all available historical data of crypto, forex, and equities. There is also the option to test out paper-trading with up to 50 strategies.
- 349 euros per month on the monthly plan
- 249 euros per month on the yearly plan
The most expensive plan gets you 100 real-time trading strategies and 1,000 backtests. You can use 30 assets per rule to create strategies with unlimited rules.
All aforementioned features of the Trader plan also apply here, along with connectivity to unlimited exchanges. You will also be able to engage in paper trading with 100 strategies.
How Safe is CLEO.one?
The platform emphasizes that it is not selling strategies. Instead, it gives traders all the necessary tools to invest in their skills with access to unparalleled data and flexibility. The technology itself is focused on helping you achieve long-term profitability.
With that in mind, you are not required to transfer any funds to the platform at any time other than for subscriptions. Your integration with exchanges is handled through an API, and so your funds will remain with the respective platform.
Crucially, the CLEO.one bot has restricted access that does not extend to your funds. The trading bot can execute a trade on your behalf, but cannot deposit or withdraw money or other assets.
As an extra precaution, CLEO.one also has state-of-the-art encryption in place to protect your personal data.
Documentation and Support
Though CLEO.com has been active for several years, the platform is still polishing up some of its newest features. This includes forex and equity bots. Its tools are supported by extensive documentation and tutorials that come with demos on how to use its different functionalities.
Though they do not cover every nook and cranny, these guidances offer everything required for you to start using the tools.
Aside from this, a contact form is also available for you to get in touch with the customer support team. The live chat interface can also redirect you to tech support or help you find resources within the site.
CLEO.one – Where it Scores
CLEO.one is unlike any other platform you will have come across. Although there are other systems that enable strategies and usage of bots, they typically require you to have coding knowledge. Furthermore, they are not always beginner-friendly.
In that regard, the ability to create strategies merely by typing your rules is the highlight of CLEO.one. It offers unrivalled flexibility and allows you to test them straight away without risking your funds.
There is also a myriad of parameters to base your strategies on, and defining these rules is straightforward. If you have any trouble getting started, the free strategy is a bonus to build your plans on. For those who do not want to look over every trade manually, automation is also a great feature.
Altogether, from what we have seen, CLEO.one has tremendous potential that can help you establish your trading career with confidence. Some of the most-awaited features, such as leveraged trading, are still in beta mode. As the platform is working on them, it leaves plenty of scope for features that can raise the performance level of the tool.
CLEO.one – The Verdict?
CLEO.one is a unique trading application with ever-growing features. The platform delivers all tools you need to create endless, profitable strategies. If you have ever been discouraged by the confusing signals and hard-to-navigate interface of other automated platforms, CLEO.one is very refreshing.
The tool has beautifully presented features that show comprehensive results. You can look at statistics and analytics with actionable insight. And most importantly, CLEO.one can help you take the guesswork out of trading by testing what strategies work for you.
The software is building on its current features to include marketplaces, futures trading, and more. It is not far-fetched to predict that, in the very near future, CLEO.one will evolve into a full-fledged trading tool apt for investors of all levels.
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