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Quadency Bots Review 2024: Set Up & Strategies
Swen Keller
- URL: https://quadency.com
- Year Founded: 2018
- Pricing: Starts as low as 0.02% of trade volume
- Free Trial: No
- Payment Options: Quadency Cryptocurrency Balance (USDT, USDC, or QUAD)
- Supported Exchanges: Binance, Kucoin, OKX, Bitfinex, Binance US, Coinbase Pro, Kraken, Huobi, Coinbase, Bitflyer, Crypto.com, HitBTC, Gate.io, Bitrex, and Bitstamp
- Cloud Based: Yes
- Reported Profitability: No committed/guaranteed percentage
- Customizable Strategies: Yes
- Scalping: Yes
- DCA: Yes
- Arbitrage Bot: Yes (But you cannot create one with Cody AI Coding Assistant)
Quadency Bots Review: Our Opinion
Quadency offers an all-around crypto trading bot ecosystem featuring multi-exchange smart trading, the creation of automated trading bots, and a native token for fee discounts.
It is also easy to use even for complete beginners and offers adequate educational resources via its FAQ and Help pages.
That said, where Quadency bots primarily stand out from other automated trading platforms is in their usage across multiple top-tier crypto exchanges including Binance, Coinbase, and Kraken with a single click.
However, some users have complained about Quadency bots crashing from code errors and poor trading results.
An Overview of Quadency
Quadency the company behind the crypto trading bots was founded in 2018 with the mission to revolutionize the crypto trading world. Rosh Singh, the current CEO of Quadency Trading bots, is also the co-founder of the brand alongside Manish Kataria who is the President. Viral Tolat is the other high-ranking board member and advisor.
Currently, Quadency has facilitated more than $1 billion in trades since its inception and has more than 120,000 crypto wallets connected.
It has also launched more than 15 manual and automated trading bots with engagement in over 100 nations across the globe.
The goal was to create a future where newbie traders could access portfolio management and advanced trading tools easily.
Concerning its services and products offered, Quadency offers an extensive list of bots that permit popular trading strategies such as scalping, market maker, grid trading, arbitrage, etc. It also offers portfolio management and portfolio tracking tools.
It also offers Cody, an AI Trading Assistant that traders can instruct in plain English to create bots and execute various strategies.
Quadency even supports multiple crypto trading exchange accounts such as Binance, Coinbase, Kucoin, and Gate.io as well. So traders can connect their exchange accounts to execute manual and automated trading strategies.
Quadency also has its cryptocurrency exchange and a native token, QUAD, with which holders can get trading fee discounts based on the amount they hold.
Pros
- Connects to top exchanges
- Easy to use
- Offers AI Coding Assistant
- Offers a free account
Cons
- Bot crashing complaints
- It has a monthly trading limit
Quadency Review: Unique Features
Cody
Cody is a personal AI trading assistant that helps to convert simple language directions into codes that can be executed as an automated trading strategy.
According to Quadency, “Cody has the power to replace all bots”.
With Cody, you can write your trading strategies in several languages like English, French, and Spanish. With just a few clicks, the bot will generate the Python code needed to run the strategy on Quadency’s bot framework.
This gives you access to all the power of historical data for Backtesting as well as exchange connectivity for live order execution. Cody also provides performance analytics.
Cody can create infinite types of trading strategies. It can create cryptocurrency trading strategies that rely on both the latest and historical pricing data and any kind of mathematical analysis of the pricing data ( technical or statistical analysis).
Cody does not support strategies that require order book data and real-time monitoring of prices. This includes grid trading, arbitrage, and market making. You can, however, trade these strategies with Quadency’s pre-built bots.
That said, the cryptocurrency trading strategy codes generated by Cody often require some tweaking especially if your requirements are vague. The more detailed your requirement, the less tweaks will be required.
Quadency allows you to edit or update the generated code to suit your needs. You can also Backtest some strategies to ensure that they execute as expected.
Not all strategies generated by Cody can be backtested. If the backtest fails, you can check the logs for any errors that can be fixed.
Currently, importing external libraries is not supported. If you have no experience with coding or have a little programming background, you can request assistance from the Quadency team on the Quadency community on Discord.
Below is a Step by Step guide on how to use Cody:
First, select an exchange and account to run Cody on.
Next, input an Allocated Capital. The Allocated capital amount is used for performance calculation, which is compared with your ending capital to derive the return. The allocated capital can also be used for some strategies to limit the amount of funds the bot will use.
Next, select an Execution Interval. The execution interval is the time frame in which the logic in the ” handle_data” function is executed. This can be likened to the candle timeframe on a chart.
Scroll to the Strategy field and input your strategy.
Click the “Generate Code” button and wait. Cody will respond with a Python script that implements your desired strategy.
As soon as the strategy has been populated, verify that the code does exactly what you want it to do.
If it doesn’t, you can make the necessary changes or try generating again to see if you can get a better result.
To try the strategy in historical data, click “Backtest”
If you are satisfied with the result, you can start the bot live on the selected amount.
QUAD Token
The QUAD Token is the native token of the Quadency ecosystem designed with a lot of utility and benefits for Active crypto traders.
QUAD Token holders enjoy low trading fees for bot trading, and smart order trades on QUDAX. They also enjoy low-fee trading for manual trades on connected exchange accounts in the multi-exchange terminal.
QUAD Token holders also qualify for the Quadency community rewards program where they can earn up to 30% APY with daily payouts.
Quadency users who provide liquidity on Uniswap can earn a share of over 100,000 QUAD weekly for improving market liquidity and reducing slippage for QUAD traders.
Soon QUAD holders will be able to propose and vote on major decisions about the ecosystem that includes new bots, new platform features, and QUADX listings.
Quadency Supported Crypto Exchanges
Quandency is in partnership with major crypto exchanges including Binance, KuCoin, and OKX.
Asides from the official partner crypto exchanges, Quadency supports multiple cryptocurrency exchanges. Supported trading exchanges include Qudax, Binance, KuCoin, Binance US, OKX, Coinbase Pro, Bitfinex, Kraken, Bittrex, HitBtc, Bitstamp, Coinbase, Huobi, Gate.io, Bitflyer, and Crypto.com.
Note: While Quadency supports multiple exchange accounts, some of the supported crypto exchanges can only connect to Quadency for portfolio monitoring purposes.
This means that you can read and display details from the connected crypto exchange accounts under your dashboard, but cannot use the bot. Automated trading is not possible on monitor-purpose accounts.
Monitor-only cryptocurrency exchanges on Quadency include Bitfinex, Coinbase, Bitstamp, Bittrex, Crypto.com, Gate.io, Bitflyer, HitBTC, and Huobi.
Quadency Review: Plans and Pricing
Quadency offers a pricing model for its bots based on the trade volume and number of QUAD tokens the trader is holding at the point of execution.
It also offers trading fee discounts of up to 100% off for users that pay with the QUAD token.
Listed below are the various trading fees charged for using the Quadency bot:
Pricing Without Paying Fees in QUAD:
- Tier 1: QUAD holding less than $25 or a trading volume less than $10,000 with a trading bot fee of 0.20%.
- Tier 2: QUAD holding less than $100 but equal to/or greater than $25 or a trading volume equal to $10,000 and less than/equal to $50,000 with a trading bot fee of 0.16%.
- Tier 3: QUAD holding less than $250 but equal to/or greater than $100 or a trading volume equal to $50,000 and less than/equal to $100,000 with a trading bot fee of 0.12%.
- Tier 4: QUAD holding less than $500 but equal to/or greater than $250 or a trading volume equal to $100,000 and less than/equal to $250,000 with a trading bot fee of 0.08%.
- Tier 5: QUAD holding over $500 or a trading volume over $250,000 with zero trading bot fees.
Quadency Review: Payment Methods
Quadency trading platform only accepts cryptocurrency deposits to pay for its cryptocurrency trading bots fees.
Additionally, it only supports payment of trading fees in USDC, USDT, and QUAD (in particular regions). So you must first deposit supported crypto assets in your Quadency account up to the sufficient balance to cover accrued trading fees.
Opening a Quadency Trading Bot Account
To open a Quadency trading bot account, you need to go to https://quadency.com.
Next, click the green Get Started button at the center of the screen.
On the page that opens, enter your first and last name, email address, and select your password.
The password must include a symbol, number, and capital letter.
Click Create Account.
Next, go to your email address and click the verification link sent by Quadency to verify your email.
You’ll be redirected to the login page.
Enter your newly created account details to log in.
That’s it! You’ve successfully created your Quadency trading bot account.
Setting Up a Quadency Trading Bot with Exchange
Setting up your Quadency bot with your exchange account is quite straightforward.
First, log in to your Quadency account then click on the hamburger menu icon to the left/right of your screen depending on your device.
Once it opens, tap the Bots sub-menu on the list.
On the new page, click the Available Bots button at the upper left corner of your screen.
You’ll see a list of all available cryptocurrency trading bots alongside their various automated trading strategies.
You also have the option of creating custom trading bots using Quadency’s Cody AI.
Select your preferred bot based on its supported trading strategies. Quadency offers 10 pre-built strategies including Market maker, Grid trader, Market Maker Plus, Bollinger Bands etc.
On the new page, enter your trading bot’s name and the crypto exchange you want it to run on.
You’ll then need to connect your exchange account by clicking the Connect Account button that appears after picking a crypto exchange.
Next, enter the parameters of your trade. For example, you can choose to execute a Market Order or Limit Order as well as your desired profit percentage and crypto pair to trade.
Lastly, click the green Start Live button to run the Quadency trading bot.
Trading Experience/Using Quadency BOT
Quadency offers an easy-to-use experience that even complete beginners will have little to nothing to complain about.
Sign-up is seamless and setting up your trading bot is also easy.
It supports over 10 cryptocurrency exchanges and allows you to set all your trading strategies/parameters from the trading platform instead of having to log into your exchange account.
That said, traders on several customer review platforms like TrustPilot have complaints about losses when using the Quadency bots as well as frequent crashes of the bots.
Quadency Review: Security
Quadency is an industry leader in safe API trading and automation for crypto markets, with several security measures in place to protect traders and their crypto assets.
The Quadency smart terminal is secure, and users can set up and trade bot automation on their preferred crypto exchange via API encryption.
This means that users’ crypto assets never leave the cryptocurrency exchange accounts and the security of their login details cannot be compromised.
Each product integrated with Quadency undergoes rigorous testing before deployment.
Quadency utilizes bots such as Cody, which operate in a distinct cloud environment, separate from Quadency’s primary infrastructure. Any import statements or codes that might be harmful, which are introduced into these bots, undergo automatic cleansing to ensure safety.
Quadency also uses top industry testing practices to ensure that its smart terminal complies with cybersecurity reliability standards.
It also uses world-class standards and protocols as well as multiple layers of 256-bit encryption to ensure that users’ data and API keys are shielded from unauthorized intrusion.
Other Quadency security measures include AWS physical security and firewall defense against DDoS attacks, HSTS protocol, and TLS connections to prevent man-in-the-middle attacks, and ReCaptcha and Rate Limits to prevent automated scripting and brute-force attacks.
Quadency also conducts penetration testing of applications and infrastructure as per Open Web Application Security Project (OWASP).
Quadency users can protect their accounts using strong passwords and two-factor authentication. Quadency also does its best to offer security advice to users via in-app guidance and recommendations.
Quadency Review: Customer Service
Quadency offers customer service via several channels. It has dedicated channels for specific support needs. This includes Bot Support (bot errors, configuration issues, etc) and General Support (account updates, feature questions, etc)
For bot-related inquiries, users are encouraged to first check the Quadency Bot Self-Troubleshooting article for ways to resolve the issue before contacting the support team.
Quadency also has an Automated Trading section on its support page where users can find guides to resolve general bot configuration questions.
If the issue remains unresolved, the user can contact the support team via email at support@quadency.com or via Live Chat.
Quadency has a main FAQ page with helpful guides on troubleshooting common problems. The trading platform also has a support form for customers who wish to make a feature request.
Does Quadency Platform Offer Education?
Yes, the Quadency trading platform offers exhaustive educational resources via video tutorials, written articles, and help docs targeted at crypto trading newbies.
Quadency Review: Final Thoughts
Quadency offers a unique trading bot experience as it allows users to connect to a long list of popular crypto exchanges and only charges trading fees (no direct purchases). It also offers a native token that allows users to get up to 100% in trading fee discounts.
However, there have been numerous complaints regarding trading bot crashes and trade losses.
If you’ve found Quadency Bots lacking in certain areas or feel there’s room for improvement, our detailed Gunbot review might offer the solutions and features you’ve been seeking, providing a fresh perspective, and discover the cream of the crop on our Best Crypto Trading Bots page.
FAQ
Most frequent questions and answers
Aside from scam projects, trading bots cannot offer pre-stated profit promises. However, bots can help to automate your trading strategies.
Quadency is a crypto portfolio management and trading platform allows you to create or use a pre-built trading bot to automate your trading strategies on over 10 crypto exchanges as well as its exchange.
Although Quadency offers a free account, it charges trading fees when using its bots based on your trade volume and the number of QUAD tokens you hold.
Quadency is based in New York, United States.
Yes, the mobile trading app grants you access to seamless automated trades and portfolio management.
We always try to provide the most accurate information available, and make sure our team follow through.
If you want to know more about our Crypto Exchanges Review Methodology follow the link below
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