Trality Review

Trality Ratings at a Glance

Major cryptocurrencies have revolutionized the world of finance with a new perspective on money and wealth. Crypto trading bots automate the trading process, generally using algorithms based on technical indicators that generate buy and sell signals. Connecting a bot to a trading account can initiate and liquidate trades automatically on crypto exchanges. 

Trality is an Austrian company founded in 2018 by Christopher Helf and Moritz Ptzhammer. It has developed a platform that lets you design and customize your own crypto trading bot. The cloud-based system lets you build a trading bot through your web browser, which eliminates the need for buying external hardware or downloading software to your desktop. Fintech, then, becomes a shortcut that this company and many others can offer to consumers.

The Trality platform has become popular due to its flexibility and ease of use. In addition to its user-friendly interface, the platform promotes learning and advancement for crypto traders within its community driven infrastructure.

Another great advantage of the Trality platform is its paper trading and backtesting capabilities. The Trality platform lets you see how your trading strategies and algorithms would have performed historically and then practice trading using virtual money before you commit any funds. This is akin to knowing how startups would have performed over time, and it eliminates the need for a programmer to build a crypto trading bot and charting platform.

This feature also lets you save your backtesting history, and the platform provides a wealth of historical information. You can also use many different algorithmic testing scenarios, including custom time frames.  

The platform’s 2 main tools are the Rule Builder and the Code Editor. The Rule Builder lets you design and build a trading bot by simply dragging and dropping different indicators and strategies. The Code Editor is geared towards traders familiar with Python coding and lets them use their coding knowledge to build custom algorithms for more advanced strategies. But remember, customers don’t need to know code to use Trality.

Trality offers a range of pricing for 4 subscription service plans with different features. Trality’s different payment plans are named for chess pieces and start with the free Pawn service. All plans include free and unlimited backtesting as well as live-trading and paper-trading.

You can review Trality’s different payment plans and offerings below: 

The additional plan parameters listed in the table are explained below. Use this as a guide when you need to know which resource is available and how it impacts your work on the cryptocurrency market:

• Trading volume quota: The total volume of all your bots, which include all executed buy and sell orders tracked in their fiat currency equivalent on a monthly basis. You’ll receive a warning once 80% of your quota is used. If you exceed your quota, the system will only process sell orders to liquidate open positions. 

• Smallest tick interval: Your plan specifies the lowest tick interval at which your bot can execute trades. Trality supports intervals of 1, 5, and 30 minutes; 1, 6 and 12 hours; and 1 day.

• Live and virtual bots: This row specifies the number of live and virtual bots that can trade in a funded or demo account respectively per pricing plan. Note that a single bot can run on multiple tick sizes and use different trading strategies applied to multiple trading pairs. 

• Log retention: Bot logs can be used to debug actions taken by your bot at specific points in time. Trality stores logs for a certain time in most plans or for an unlimited time in the most costly plan.   

Trality works hard to make sure all users get the help they need. They have a Helpdesk where you can search for questions that you might have when building your bot as well as a really helpful, community-driven Discord server where its users can ask questions and help others on their bot-building journey. Furthermore, if you need to chat one-to-one with Trality, they have  support email addresses for urgent and more personal queries at support@trality.com. The customer support team is not a personal wealth manager, but they offer all the care you need when dealing with issues within your account.

Trality Mobile App

Trality does not yet offer a mobile app, although the option is apparently under development. The company is also developing the Trality Bot Marketplace to either publish your bot or follow bots coded by other creators.

This trading algorithm development platform can be a helpful tool for allowing both Python coders and those who have no interest in coding to put together a functional cryptocurrency trading algorithm. By using the platform’s Rule Builder, you can easily build a trading bot with all the features you would need in a drag and drop, graphic based and interactive user interface. You don’t need to be an expert to build your own rules, and you can review transactions to learn how your rules are performing.

The Rule Builder lets you quickly specify how technical indicators trigger trades and where to put your limit and stop-loss orders without the hassle of coding the strategy yourself. Traders familiar with coding can also use the Python API to tweak the algorithms’ code and create unique bots to implement custom trading strategies.

Trality Rule Builder Walkthrough:

Trality Code Editor Walkthrough:

Trality’s cloud based platform lets you implement your trading strategies directly on your Web browser without the need for extensive software downloads. You can even create trading bots if you have no coding experience at all.

This unique fintech company also lets you backtest and test your bot in real market conditions with virtual money, so you don’t have to risk your funds before your bot has been thoroughly vetted. Advanced users can take advantage of Trality’s Python Augmented Code Editor that has a user friendly interface and excellent Python API functionality, for those who want to build a Python trading bot.

You can sign up and try Trality for free using virtual money to paper trade and test the retail market and to get an idea of how blockchain technology works. The application executes your bot’s orders on a supported cryptocurrency exchange.

Because your funds stay deposited at your crypto exchange, Trality does not expose them to risks other than the significant market risks involved in trading cryptocurrencies and the possibility that your algorithm’s code might contain an error. Algorithmic trading, then, allows you to handle any level of trading volume you like without worry, and your crypto trading bots can be adjusted at any time within any concern over breaking down the platform’s security protocols.

Your funds are also never touched directly by Trality, and the platform only uses official exchange APIs. For additional security, your trading bots and strategies are end-to-end encrypted, so even Trality can’t access them. 

The overall rating for Trality is good and if it had a mobile app and few more exchanges then we could probably give it 5 stars. It’s worth mentioning that it recently came out of beta so we expect to see a lot more additions in the future.

Trality vs. Competitors

Trality compares favorably against most competitors, especially because of the platform’s intuitive interface for retail traders and the ability to build bots with its drag and drop feature. For more experienced traders and coders, the platform’s Python Augmented Code Editor allows for unusually intricate trading bot design. 

Trality will become more competitive with the release of its upcoming Bot Marketplace and mobile application that are currently under development. Its free paper trading and backtesting features could be invaluable in trading strategy development and give you the opportunity to try Trality’s platform without obligation. Check out Trality online today.

Frequently Asked Questions