Apex Trader Review: An Automated Crypto Trading Tool

Apex Trader is a crypto trading bot platform that features trading bots that can be used to employ a number of trading strategies. The platform is highly configurable, and provides over 100 technical indicators. Anyone can create their own automated trading strategies and then deploy them to run 24/7 on a wide range of trading pairs. Strategies based upon Profit Taking, Reverse Trading, and Dollar Cost Averaging are all incorporated. You can create and store an unlimited number of strategies. While it is easy to set up it is a platform more suited to either more experienced traders or those with a specific strategy already in mind. Our Apex Trader Review will help you decide if it is right for you.

Apex Trader Overview

Apex Trader

Apex Trader

  • Full-featured trading bot primarily for experienced traders
  • Highly configurable interface with over 100 technical indicators
  • Easy to set up but a wide variety of specific strategies available
  • Focuses on support with four of the biggest cryptocurrency exchanges

General Overview

The Benefits PRO's
  • Easy to set up bots and strategies
  • Over 100 technical indicators
  • Create and store unlimited strategies
  • Good community and support resources
The Downside CON's
  • Only supports 4 exchanges
  • No mobile app

How Apex Trader Pricing Works

Apex Trader only has two subscription plans available for their trading bot services, and all new users are eligible for a free 7-day trial so that they can try before they buy. The only real difference between the two subscriptions is that one is for spot trading and the other is for margin trading. They both include the same access to all of Apex Trader’s features. Payments via PayPal or in crypto (BTC, ETH, LTC, USDC) are accepted. After the 7-day trial you can choose from one of the following options:

Apex (£30 a month)

  • Spot trading bot for supported spot exchanges
  • Access to all technical indicators
  • No trade volume restrictions

Mako (£60 a month)

  • Margin trading bot for supported margin exchange
  • Access to all technical indicators
  • No trade volume restrictions

Available Exchanges on Apex Trader

Apex Trader only provides support for four exchanges at this time, 3 of them are available for spot trading and the other is available for margin trading. This is surprising as some of the spot trading exchanges do have margin trading capabilities, but it is not supported by Mako. Here are the available exchanges:

Using Apex Trader

It is easy to sign up for Apex Trader, all you need is to enter an email address and create a password. Because you automatically get access to a 7-day free trial you can immediately connect an exchange account. This is done by generating API keys on your exchange profile and entering the required information on Apex Trader. Once you have connected an exchange account you can begin creating your trading strategy for you bot. You just click “New Bot” and then follow the steps to set up your strategy.

Features of Apex Trader

Hosting Included

Your Apex subscription includes the hosting and management of a dedicated server to run your trading bot, so you can expect the best real time response times and overall performance. This saves you the hassle of managing a server yourself.

Highly Configurable

Apex provides over 100 technical indicators including candle patterns which can run on their own timeframes. Indicators can be combined to create ‘Hybrids’ as well as run on their own timeframes within the same strategy.

Trading Tools

  • 75 Active Positions: Apex will track a maximum of 75 active positions at any one time.
  • No Restrictions on Coin Selection: You can choose as many coins as you want provided they are from the same base coin.
  • Realtime: Your bot has a direct connection to the exchange providing you with up to date information regarding your positions.
  • Test Mode: Switch your bot into test mode to paper trade and test a new strategy.
  • Unlimited Strategies: Create and store as many strategies as you want. You can then switch strategies within a few seconds on any running bot or use automation to do it for you.
  • Strategy Groups and Signals: Within a strategy you can setup multiple buy and sell groups which consists of any number of indicators and signals.
  • Take Profit Targets. Apex provides 3 profit taking options:
    • Percent profit: Set a percentage from the initial purchase price.
    • Trailing stop loss: Follow a price upwards and only sell once it starts to decline.
    • Dynamic Profit Taking: Apex can scan recent market movements and provide a custom Percent profit target.
    • Sell on Technical Analysis: Build a custom sell strategy using any combination of indicators and timeframes.
  • Coin Specific Configuration: You can setup specific coin configurations ranging from Buy/Sell, Auto DCA and Auto Reverse Trading.

No Hidden Fees or Restrictions

All Apex Trader packages have a fixed price with no restrictions on trade volume or performance. There is also no charge on percentage of profit.

Reverse Trading

Apex can be configured to get out of a losing position and re-enter it at a lower price, skipping some of the losses when the market goes against you.

Signals

Manage Buy and Sell signals from external signal providers or directly from your Trading View account.

Automation

Automation provides you with tools to handle changing market conditions or automate routine manual tasks. Automation rules come in 3 forms: Strategy based, Time interval and Time Range.

Dollar Cost Averaging

Dollar Costing Averaging is a technique used to spread the cost of an asset, effectively averaging out the cost that you have bought an asset at. It can also be very useful when a position has slipped into the red. Apex provides a manual and automated version of this process.

Support and Community

Apex Trader provides email support via their ZenDesk as well as live chat support through their Discord channel to help solve any problems that you may face. Their Discord channel is one of the most active bot trading communities, users freely share tips and tricks and strategies which can be found in the Strategy Center.

About the Author

Evan Jones CryptoVantage headshot

Evan Jones

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.