Kryll.io Review 2024: How Does It Perform and Compare?

The Kryll marketplace has a wide selection of daily signal strategies, DCA bots, grid bots, scalping bots, golden crossover robots, and swing trading algos made with Kryll’s bot editor. 

These trading bots can be rented by inexperienced strategy marketplace traders who wish to optimize profit.

You can also create trading bots without any coding experience and put them up for sale in the marketplace. 

The robust strategies and bots available on the marketplace are created by the Kryll community. 

To rent a trading bot, all you need to do is browse the marketplace for your preferred bot or strategy. 

Each strategy for rent on the marketplace includes detailed information about its historical performance, risk/reward ratio, and maximum drawdown. The data allows you to make an informed decision. 

The marketplace also provides several metrics, indicators, and other performance data as well as real-time trading metrics, fair risk management indicators, and real-results track records that will help you find the most suitable strategies for your investment goals to help you maximize profits. 

The strategies on the marketplace are developed, tested, and reviewed by cryptocurrency traders using the Kryll.io strategy editor. 

As already stated you can also create your own strategies and bots to display on the marketplace. To do this you need to be an elite/ professional trader that has mastered Kryll’s Strategy Editor and produced several powerful crypto trading strategies. You can generate passive income by becoming a Kryll Publisher and renting out your strategies. 

Below is an overview of the features available on the marketplace:

Filters 

First, the marketplace has a search bar that allows you to search using several criteria including the name of the strategy, the nickname of the publisher of the strategy, and the token. 

You can also directly click on the most used-based pairs to filter the strategies. 

Kryll offers 5 filtering options:

• Trade Frequency: This filter classifies strategies based on how often the strategy will place orders in the market. If the strategy is set to low, you will only be able to see strategies that trade less frequently. 
• Profitability: With this filter, you can filter strategies according to their profitability. Profitability can be set between Low, Medium, and High. 
• Available Data: This filter allows you to classify strategies based on the history of data available. With this filter, you can view strategies that have been live for at least 3 or 6 months. 
• Risk: The risk filter displays strategies according to the risk profile which is between low, medium, or high. To determine the risk, the filter takes into account the profits that the strategy has been able to secure as well as the percentage of the initial capital. 
• Available Strategies: These filter groups strategies according to their type. You can display Open Source (like basic DCA strategy) strategies, Live strategies ( published by the Kryll community), or both. 

Strategies 

The initial information displayed after you click on a strategy is the basic information like the profitability, risk exposure, name of the strategy, historical data, user satisfaction rate, cost of the strategy, the pairs on which it is executed, etc. 

The strategies section displays important performance data of the strategies including the percentage of average gain expected per day, per month, or year. 

This gives you an idea of the result to expect from the strategy. 

There is also a “Show More” section where you can view other available indicators as well as a “Performance mode” button which allows you to switch between the traditional chart and the performance chart. The performance chart gives you access to the buying and selling history of the strategy. 

You can also click on “Display More” to view the least worst or most successful month of the strategy. You can also view the max drawdown and the average gain earned per trade. 

Strategy Packs 

The strategy packs section features a range of predefined packs according to their utility. You can choose a set of assets related to a category or crypto assets to trade in. 

Available packs include NFT, Gaming, DeFi, Metaverse, etc. 

The packs launch a set of strategies by subscribing to a single pack, your capital is then allocated to the different strategies available in the pack. 

Here is an example of how it works. If you choose the Metaverse pack, it will allocate your budget as follows: 25% SAND, 25%ENJ, 25% MANA, and 25% AXS. 

It will buy in a DCA with a periodicity of 4 weeks while keeping the initial proportions, for 1 year. 

You can view different information about the pack including the profitability, risk exposure, set of tokens on which the pack will be positioned, and a short description of the objectives of the pack.