TraderPlan, found online at TraderPlan.io, lets you manage your cryptocurrencies over Discord. Find out how it works today in our TraderPlan review.
What Is TraderPlan?
TraderPlan is a Discord-based application that aims to integrate business intelligence, market intelligence, and technical automation for improved cryptocurrency portfolio management.
The platform emphasizes ease of use, trading adaptability, and trading accessibility. You can access the platform for free, in which case you can activate one trading strategy. Or, paying subscribers can activate multiple trading strategies. If you pay $250 per month, for example, you can activate 5 trading strategies. If you pay $750 per month, then you can activate unlimited trading strategies.
You access TraderPlan through a Discord bot. You add that bot to your Discord server. Or, you join a server that already has the bot.
How Does TraderPlan Work?
TraderPlan is a Discord bot. You access that bot through a secure online platform with direct API access to cryptocurrency exchanges like Binance, Kraken, Bittrex, and others. You can use this direct API access to trade cryptocurrencies from your TraderPlan dashboard.
From the TraderPlan dashboard, you can analyze price movements in the cryptocurrency industry. You can also track your portfolio’s performance over time, immediately make trades, and access all of the other features you would expect in an automated trading platform.
You can expand your trading pairs at any time by typing !invoice new.
The TraderPlan.io official website features a number of tutorial videos explaining how to setup your trading dashboard, how to implement trading strategies, and how to issue commands through Discord.
TraderPlan also lets you get instant analysis of a base and counter pair – along with instant analysis of how to use that information. TraderPlan will not just tell you to buy, sell, or hold a cryptocurrency – they’ll tell you which strategy you should assign to that cryptocurrency to maximize price movements over time.
You can implement strategies like the pivot strategy or the straddle strategy. TraderPlan will recommend which strategy is best for which cryptocurrency pair. Here’s how TraderPlan analyzed the NEO/BTC pair in early March for a trader with no current holdings, for example:
“Since you don’t have an allocation, I would suggest a straddle strategy to take advantage of the volatility of this market with a range and allocation that puts you near the bottom of the market and ready to buy more if needed, but with a lot of upside potential.”
You can either purchase TraderPlan yourself and create your own TraderPlan Discord server. Or, you can join a Discord server with TraderPlan already in it.
How To Use TraderPlan
Here’s the basic process you can use to start using TraderPlan.
- Join a Discord server with TraderPlan in it. Or, create one of your own and invite TraderPlan to it.
- Type !register, and TraderPlan will create your private automation room. Once inside the room, you’ll be prompted to enter your exchange credentials (your API key and API secret) using the !credentials command.
- That’s it! Once you’ve done that, you can begin setting up your strategies. You type !start or !resume once you’re done setting everything up to launch automated trading.
Some of the core features of TraderPlan include:
- Multi-exchange support
- Wallet and profit reports
- 3 position planning-based strategies
- Free and paid subscriptions
- Available on major exchanges like Bittrex, Binance, HitBTC, Kraken, BTCMarkets, Cryptopia, and Kucoin.
TraderPlan Subscription Options
TraderPlan offers four different subscription options, including all of the following:
- Free: 1 strategy is active
- Shark ($250 Per Month): 5 active strategies
- Whale ($500 Per Month): 20 active strategies
- Dragon ($750 Per Month): Unlimited active strategies
TraderPlan is a Discord bot that lets you implement automated trading strategies. You grant API access to TraderPlan, then begin implementing various trading strategies. You can connect to major exchanges like Bittrex, Binance, and others.
To learn more about TraderPlan and how it works, visit online today at TraderPlan.io. The basic version, which allows access to a single trading strategy, is free, although you’ll need to pay $250 to $750 per month to access more trading strategies.