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Kaktana Review: Is kaktana.com Scam or Legit?

Kaktana Review: Is kaktana.com Scam or Legit?

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Kaktana is a trading robot for Crypto currencies. It is highly configurable and users can define their own trading strategies and even make the robot enter and exit the market automatically. According to the creators, Kaktana was designed with the intention to provide users of all levels with access to the best trading tools in the market place. This would ensure effectiveness and maximum returns in the long run. The trading bot will include charts that represent stop loss lines and technical indicators, a price chart equipped with simulated buy and sell orders, as well as a list of the user’s previous bot’s performance, including a comparison with a simple “buy and hold” strategy.

kaktana

Having said this, we want to look at this robot in details because everything about it sounds interesting, from its name to its features. In the meantime, those of you who would like to take advantage of profitable Crypto trading bots can sign up here. 

Kaktana review

Kaktana will mainly automate the “turtle” trading strategy, which is one of the simplest and most profitable trend following strategies. The rules followed by the turtle strategy is that users should buy when the current trading price of the cryptocurrency is higher than the maximum of the highs of the last 30 candles and they should sell when the current trading price is lower than the minimum of the closes of the last 20 candles.

In order to automate the turtle strategy, users are required to create a new bot and input the trading strategy rules. Users can customize the trading strategies by adjusting the parameters such as time periods, intervals, or additional indicators. In case users find difficulties when creating a new bot, they can select one of the pre-made strategies.

The Kaktana trading bot can enable users to backtest strategies, which is where users utilize historical data to reconstruct past trades that would have occurred using the rules defined by a particular trading strategy. Additionally, Kaktana will feature a sandbox purse that can be integrated with Telegram notifications so that when the user’s bot purchase terms are met, the user will immediately receive notification without having to provide the platform with direct access to their funds.

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Features that come with the Kaktana robot

Automate Your Strategies

Kaktana enables users to create their own custom automated strategy without the need of any line of code, which will have numerous benefits such as elimination of emotions out of the trading process, consistency, improved order entry speed, diversification of trading, and many more.

Backtesting

On Kaktana, users will leverage the power of the past, which is a trading system development component that optimizes and improves the user’s trading strategies while eliminating any technical or theoretical errors in the strategies. Backtesting also provides users with the necessary confidence they need in their strategies before applying them in the real world markets.

Frequent Notifications

Utilization of Kaktana trading strategies eliminates the need for users to continuously watch the cryptocurrency market since the strategies are always automatically running and the capital will follow the user’s orders. The bots are designed in such a way that they notify the users of any action through email or via Telegram.

Optimized Profits

With Kaktana, users can build their own trading strategies using the intuitive strategy editor. Users will have access to over 110 indicators such as MACD, EMA, RSI, Bollinger Bands, Stoch, ADX, and SAR, which are refreshed after every 30 seconds. This ensures that the user’s profits are maximized.

Pricing of the Kaktana robot

The robot comes with 3 different price plans and traders can choose depending on what features are suiting their needs. The first package is free to use and features are listed as follows: Sandbox exchange only, unlimited bots, unlimited back testing and 7 symbols. The second plan costs 25€ per month and it is allegedly the most popular plan of the 3. The features are similar to the first plan except that users can work with a number of exchanges which include Bitmex, Binance, Kraken and Bitfinex. In addition to that, they get access to 20 different symbols and if you are not sure and are opting to try out the plan, the website offers you 14 days of free trial. This plan is known as ”Trader”.

There is also the Pro Trader plan which goes for 45€ per month. This plan offers 75 different symbols and can be synced with the mentioned exchanges. Features which are found on the pro trader plan are similar to those in the trader plan.

Other features of the Kaktana robot include the ability to build your own cryptocurrency trading strategy with their easy to use strategy editor.

With more than 110 indicators * refreshing at a 30 seconds rate, the only limit to your profits is your imagination. These include MACD, EMA, RSI, Bollinger Bands, Stoch, ADX and SAR. In addition to this, users can automate their trading strategies. They tell us the following:

Whether you’re anticipating the next key level rupture, waiting for oversold conditions or just following the trend, Kaktana allows you to build your own custom automated strategy, without any line of code.

Relying on back tests

The following statement shows that the developer is relying on back tests to show us how effective their robot is. This is what they said on their website: ”Backtest your strategies on years of data in seconds. It’s free and unlimited. You’re sure of the behavior of your strategy, regardless of the type of market you want to make it trade on. Everything is running on our high-performance servers. Your experience stays the best, even on your smartphone.”

We prefer live trading results over back tests. With back tests, you won’t get a clear picture of what will happen in the future. On the other hand, a robot that has been tested on a live market will show you whether or not it is worth buying it.

Our best advice for you

Kaktana does not look or sound like a bad robot. However, the only concern is that it has never been tested and proven to work. We need to try out their demo before we can include it here. 

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