Open source crypto trading bot

open source crypto trading

What are the first-rate crypto trading bots for Binance, Kucoin, and different crypto exchanges? Nowadays, plenty of teams offer paid and unfastened crypto buying and selling bots for Bitcoin and other cryptocurrencies. It’s a problem for a crypto dealer such as you and me to pick among those offerings

A Crypto trading bot is software that helps you automate your trading strategies. In different phrases, crypto trading bots robotically execute orders based totally to your trading strategy at your crypto exchange with out your guide intervention. This reduces dangers and offers you a further side over guide buyers.

In the days of Mt.Gox, Bitcoin investors wrote scripts to buy and promote bitcoin to make income. Over time these crypto bots became more state-of-the-art. Today you could alternate any altcoin along with Etheruem, Dogecoin, Litecoin, etc the use of these buying and selling bots.

More than ninety% of crypto trading, now happens via those bots these days. So in case you aren’t using such a softwares, you might be at a large drawback competing towards those buying and selling robots.

However, getting started with a crypto trading bot is probably puzzling and overwhelming. Therefore we’ve picked the first-class and clean-to-use buying and selling bots for you. Some of the trading bots listed beneath are free and open-supply software program.

If you are a beginner, I might propose beginning with pre-building ready-to-use buying and selling techniques templates, lowering the risk of errors whilst automating your own method.

Note: I even have added some reductions at the bottom, check them out.

open source crypto trading

1. Pionex — FREE Crypto Trading Bot for Bitcoin [Link]

Don’t want to hassle with the API Keys even as the usage of Pionex. So a ways, there’s 12 unfastened cryptocurrency bot on Pionex: Grid Trading Bot, Leveraged Grid Bot, Margin Grid Bot, Infinity Grid Bot, Reverse Grid Bot, Leveraged Reverse Grid Bot, Dollar-Cost Averaging Bot, TWAP Bot, Trailing Take Profit Bot, and Spot-Futures Arbitrage Bot.

Pionex is the choices trade with the choices in-built crypto buying and selling robot. It’s one of the best free trading bot platforms for cryptocurrency I’ve ever visible seeing that 2017. (the choices yr I start shopping for crypto :P) It aggregates the liquidity from Binance.com change and Huobi and provides a unfastened buying and selling bot upon it.

Pionex recently came out with its Spot-Futures crypto arbitrage bot and hence gives an opportunity to traditional crypto arbitrage bots. Moreover, the choices trading bot on Pionex is straightforward to apply. Therefore, I decide upon buying and selling bitcoin with this buying and selling bot. Bitcoin has a better marketplace cap, and it’s the choices center of the whole cryptocurrency IMO.

Pionex is secure and has been granted the MAS and MBS licenses from Singapore, and U.S. Pionex is the choices first crypto trading bot on my listing and the satisfactory loose bot obtainable.

To study greater read our Pionex Review.

2. Bitsgap — Grid Trading Bot for Binance [Link]

Bitsgap is high-quality recognized for its precise automatic trading bot. Thousands of crypto traders with exceptional revel in and skill units are the usage of Bitsgap on a daily foundation to maximize returns via automating their trading.

The algorithm implemented by using Bitsgap is primarily based on a easy and powerful method, called GRID. It distributes funding proportionally inside a trading variety predefined by using a crypto dealer.

Each time the choices purchase restrict order is filled, a brand new promote order is positioned with the aid of the bot right above that charge. And vice versa, a brand new purchase order is located under any crammed promote order. As lengthy as the choices rate remains within the borders of the trading variety, the choices bot might be buying and selling non-stop.

Furthermore, Bitsgap lately rolled out its Bitsgap Futures buying and selling bot which opens and closes masses of small positions in a day. Therefore taking smaller returns and minimizing dangers.

Bitsgap set of rules is designed to maximize make the most of buying low and selling high whenever the choices fee swings. Automated bots have all the threat-manipulate functions like Stop-loss, Trailing UP, Take income, and numerous exit strategies.

To analyze greater study our Bitsgap Review.

three. Cryptohopper —Trading bots for Kucoin and Binance [Link]

Cryptohopper is a paid crypto buying and selling bot for bitcoin and other cryptocurrencies. But before jumping into the choices paid club, you have got a unfastened trial for 7 days in Cryptohopper.

One of the choices well-known buying and selling bots on Cryptohopper is the choices market-making bot. It’s much like the Grid Bot in Pionex, but it’s greater centered on make the most of the choices spread on the choices order e book. CryptoHopper telegram bot would assist you automate your crypto trading signals.

CryptoHopper also gives a Marketplace where you may vouch for any thrid-party service such as crypto alerts, trading strategies, apps, and templates.

The tagline of Cryptohopper is quite appealing to me: World-class automatic crypto trading bot 😉

To research extra study our Cryptohopper overview.

4. Quadency — Is it the choices Best Bittrex Trading Bot? [Link]

The first-rate part of Quadency is the backtesting function, which allows you to backtest your techniques based totally on information and numbers as opposed to taking pictures them inside the dark. It’s additionally the maximum vital function for a crypto bot; it’s always first-class to recognise the choices performance of ancient information before using your cash with the crypto buying and selling bot. Furthermore, the choices platform provides more than a few capabilities and is derived out as one of the pleasant Bittrex bots.

To research extra study our Quadency Review.

five. Mudrex — Is it the choices Best Copy Trading System? [Link]

Mudrex makes making an investment in crypto bots as easy as making an investment in a mutual fund. They are very transparent about their information, have a huge sort of bitcoin bots primarily based to your danger urge for food, and a pricing model this is via a ways the first-class we’ve seen. Y-combinator-subsidized Mudrex outshines each person else on the choices list!

Mudrex has over 7000 customers and over four hundred Mn USD traded on it. They are backed by way of well-known VCs and angel buyers and have a very active and engaged community. They are linked with eight of the top exchanges and are a number of the choices only a few in this listing who are capable of assist US customers as well.

Mudrex does now not construct its very own cryptocurrency bot however instead has a curated market of computerized bots created by means of seasoned crypto investors. The quality element about the choices platform is that all information regarding the performance of a cryptocurrency bot is public and easy for users to apprehend.

If you had been seeking out a platform using which you can make investments your crypto, then Mudrex would possibly just be it!

To analyze more, you can additionally read an in-intensity Mudrex assessment.

6. Coinrule — You can make your own Coinbase Trading Bot! [Link]

Coinrule is subsequent level bot for beginners. The “if-this-then-that” rule lets in even much less superior crypto investors to construct their cryptocurrency trading strategy in a minute. The person-friendly interface publications customers in constructing the choices trading bot step-via-step.

The template library includes over one hundred fifty pre-set rules that assist novices jogging the choices buying and selling system that fits their wishes. The platform lets in various cryptocurrency buying and selling strategies, such as forestall loss, take income, and integrates the main technical signs. The list of trading strategies that Coinrule allows is infinite and the employer posts frequently new thoughts inside the Knowledge Base of the platform.

Another exciting feature is the built-in Demo alternate. Cryptocurrency buyers can test their trading structures in a safe environment with a virtual allocation of cash. The Demo rules run on fees that come without delay from Binance, for this reason threat-loose. Hence, the platform is best to create your personal Coinbase bot.

To examine more study our Coinrule Review.

7. 3Commas — Providing Crypto bots and Crypto Signals [Link]

3Commas is one of the maximum well-known crypto trading bots. I placed it on #7 of the list due to the fact the choices UI is greater for a professional trader. As their customers grow to be an increasing number of expert, they turn their product improvement to pro customers.

So in case you’re a expert bot trader already, you then should strive 3Commas.

To study more examine our 3Commas Review.

8. TradeSanta — Automated Crypto Trading Software [Link]

TradeSanta bot works on 8 main exchanges, Binance, Bittrex, HitBTC, Bitfinex that will help you crypto alternate concurrently on them.

You’ll need to pay from $14 to $70 consistent with month in step with your bundle.

One of the choices features I’ve attempted with the TradeSanta Cryptocurrency Trading Bot is the Grid Bot. Pionex and BitUniverse have already supplied the choices same characteristic free of charge, so if you’re here for grid bot, I don’t see it essential to buy the choices bundle. But in case you’re here for other functions, then you may examine the choices function by means of yourself.

To research extra study our TradeSanta Review.

nine. HaasOnline — The maximum advanced Algo Trading Software[Link]

HaasOnline is a paid cryptocurrency trading software that is not like any other. Similar to the opposite change bot referred to, they offer your preferred pre-built trading bots for strategies like arbitrage and marketplace-making, and other tools.

However, with the release of HaasScript, their scripting language, you could develop particularly complex buying and selling bots using a drag-and-drop designer or intelli-feel editor. Hence it offers one of the exceptional automatic buying and selling software program obtainable. You also have the choices potential to backtest or paper change your strategies earlier than executing live trades on over 25 exchanges.

Their present day bitcoin buying and selling software program is a domestically hosted non-custodial trade server, which offers complete discretion and privateness, maintaining prying eyes away from your alternate records and strategies. They also plan to launch a cloud model for retail buyers. There’s no unfastened trial, however they do provide a discounted 14-day trial license.

To analyze extra read our HaasOnline Review.

10. Shrimpy — The social trading platform for Bitcoin [Link]

Shrimpy is a paid crypto trading bot provider for rebalancing. Furthermore, it’s miles the function that makes it extraordinary from other bitcoin buying and selling bot services. It lets you automate your portfolio and rebalance it to a specific ratio.

For certain, Shrimpy is one of the incredible cryptocurrency buying and selling bots in 2020, and that’s why I am list it right here. But it’s far a bot in particular designed for portfolio management, indexing, rebalancing, and strategic backtesting.

The quality a part of it’s far to rebalance your portfolio whilst you are hodling the coins. It helps 10+ crypto exchanges.

For Shrimpy, it only executes some trades every day. So it’s better for a HODLER.

Shrimpy also released a replica trading function, the usage of which you could follow other crypto investors.

To examine greater examine our Shrimpy evaluation.

11. CryptoHero — Crypto Trading Robots Powered By AI [Link]

CryptoHero allows you to automate trades right out of your cellphone easily for free. No coding talents are needed. You can change famous cryptocurrencies along with Bitcoin, Ethereum with bots based on technical indicators 24/7.

CryptoHero supports multiple exchanges, allows you to track all of your crypto buying and selling performance in my view or aggregation across exchanges thru one app.

Bots may be configured with technical indicators. Enter trade with one, exit with every other, all without writing a single line of code. Besides, CryptoHero offers preset for famous technical indicators and allows multiple policies and triggers to work collectively.

You can also backtest your bots with historic records before deploying. And, get an indicative overall performance of your buying and selling bot based totally on real data with specific trading frequencies, in opposition to one-of-a-kind time periods of as much as a 12 months.

12. Botsfolio — Automate your Trading techniques [Link]

Botsfolio takes a danger assessment quiz after which recommends the first-rate crypto investment strategy that you can automate. The trading bots are pre-constructed and techniques are recommended based totally for your financial desires, hazard appetite & financial situation. This makes it clean for the person to alternate cryptocurrency without any coding or trading abilties.

They have bots for five specific investment patterns: Value making an investment b) Hedged Trading c) Futures Trading d) Index SIP e) Fixed Income. They have automatic unique investment styles which might be utilized by professional hedge price range and investment banks.

The Hedged buying and selling bot is the maximum well-known because it offers active buying and selling even as lowering loss the usage of a hedge.

The setup may be very easy because you just should link your Binance account and the choices rest is mechanically executed by means of Botsfolio.

You get a 1-month unfastened trial and the value for bots levels from $1 to $85 in keeping with month.

To research more examine our Botsfolio overview. Also, get 25% off on Botsfolio the use of this hyperlink.

13. Napbots — Automated Crypto Trading [Link]

NapBots seeks to democratize quantitative trading giving direct access to professional algorithmic crypto trading strategies in a plug n’ play style, so their customers don’t have to fear approximately having any kind of capabilities which will use this platform.

Based on the choices trading frequency(weekly, daily & hourly) customers can select from a number of in-residence made crypto buying and selling techniques to automate their buying and selling and allocate their price range. Many NapBots customers pick out to diversify among more than one techniques to reduce danger, others opt for to stick to 1 crypto method. Easy to absorb hand, NapBots is addictive. You are investing and having a laugh!

NapBots makes you exchange cryptocurrency like a pro and come up with on the spot get right of entry to to professional crypto trading techniques in 3 easy steps:

NapBots is part of the choices Napoleon Group which is a French group of groups based by way of former multi-billion asset managers at Tier 1 banks, who have designed, created, and run high-overall performance buying and selling bots for the beyond ten years.

To examine extra Napbots evaluate.

14. Botcrypto —Simple Bitcoin Trading Bot [Link]

Botcrypto is a totally exciting platform in case you need to customise trading bots. They evolved a drag and drop interface where you could integrate greater than 20 technical indicators (RSI, MACD, Moving Averages, Ichimoku Clouds, …) to construct your method. So you don’t want to code! Stop losses, take profits and notifications also are to be had.

Backtests and real-time simulations are free. When you’re equipped to move, subscriptions start at 12$/month.

To analyze greater study our Botcrypto evaluation.

15. Trality — Create Trading Bots in Python [Link]

I discovered Trality last year in 2020 and no matter nevertheless being a younger agency, it’s far in our ratings for its brilliant focus on the choices bot-introduction procedure and the choices expert nature of the platform. It distinguishes itself from the majority of other solutions in that it does not provide prepared-to-move, black field bots proper away but offers you genuinely the entirety you may want to increase a expert-level algorithm in your own.

Trality’s killer feature is its one-of-a-kind, in-browser Code Editor, which permits even the choices most difficult and innovative strategies to be written in Python with masses of unique order kinds. If you’re neither a expert dealer nor a Python developer, that is not a hassle in any respect. Trality has every other product, what it calls its ‘Rule Builder’ that will help you construct your bot with zero programming skills required. Just positioned your buying and selling logic all together the usage of easy drag and drop UI and it’s prepared to head

The platform is likewise ready with a brief and able backtesting device to help nice-track the choices parameters and validate your ideas. Once the bot is ready, it is able to be set up to live-alternate crypto on popular exchanges like Binance app, Coinbase Pro, Kraken, and Bitpanda.

The ultimate thing to word is that the platform has a honest pricing model that is designed for users of all revel in ranges. Moreover, the beginning plan is sincerely free and undying, so that you can use and take a look at the choices basic ability so long as you want.

To analyze greater study our Trality Review.

sixteen. Wunderbit — Automate Bitcoin robots [Link]

Wunderbit allows the shopping for and selling of crypto assets at once the usage of a credit card i.e., you can buy bitcoin with a credit card. Furthermore, the platform presents crypto trading bots that permit you to automate your trades.

You also can use Wunderbit’s crypto buying and selling sign Marketplace or the choices reproduction trading platform to observe the choices high-quality traders and completely automate your trades. Furthermore, the choices copy trader can choose from a listing of top buyers and bots. First, but, the choices copy trader has to pay a commission from his/ her profits to the skilled dealer.

In addition to all of the functions, the choices platform additionally gives DCA bot, Spread trading, Smart trading, crypto portfolio tracker, multiple account management, and so on. The platform uses API keys. Hence, all of your finances are stable at your respective exchanges.

Wunderbit even has its personal in-residence crypto exchange platform, allowing you to apply the trading bots with zero fees. You can directly deposit price range to your Wunderbit account and begin your computerized buying and selling. The platform is also popping out with its GRID and Arbitrage trading bot.

To study extra, study the choices Wunderbit evaluate.

17. Superalgos — Free and Open-Source Crypto Trading Bots [Link]

If you are a trader or developer seeking to construct state-of-the-art crypto trading bots together with your personal strategies, look no similarly than Superalgos. It gives unfastened cryptocurrency trading bots and is one of the maximum powerful, flexible, and extensible systems obtainable. Furthermore, the choices open supply crypto buying and selling bot is to be had on Github, and on contributing to the choices project, you earn Superalgos (SA) tokens.

The ai crypto buying and selling bots by Superalgos prevent you from wasting time on infrastructure problems and helps you focus on building intelligence. Superalgos is created to very own electricity; the loose buying and selling software program can manage coordinated deployments of records and buying and selling obligations throughout a couple of machines in networks!

Take for instance uncooked marketplace records downloads from exchanges, neighborhood processing of facts into standard and custom signs, the visualization of records over the choices integrated charting machine, the visual design of strategies following a professional framework, the choices different types of buying and selling classes which include backtesting, paper trading, ahead checking out, and stay buying and selling, every of them producing visual simulations over the choices charts that you can debug proper then and there, on a visible environment.

Even though Superalgos is a unfastened bitcoin bot, not anybody can truly set up it and start the usage of it in a day or . It’ll take time to grasp the choices software program; but, the choices tutorials and documentation will help you get commenced. The software unleashes electricity, and to optimize such a element to its fullest potential; you’ll ought to grasp it over time.

Furthermore, the use of Superalgos as a unfastened bitcoin buying and selling bot, there also comes additional perks. For example, on contributing to the venture, you get a chance to earn free bitcoin.

To research greater study our Superalgos Review.

open source crypto trading

A crypto buying and selling bot automates your trading approach. Therefore, decreasing the choices risks and giving an part over guide investors. These buying and selling bots mechanically execute orders based in your configured strategy, allows you to alternate 24*7 with out your involvement.

open source crypto trading

If you’re Looking for the excellent Binance buying and selling bots as a novice, you may begin by means of the usage of CryptoHopper, Bitsgap, 3Commas, and so forth. Furthermore, if you want having entire manipulate over your buying and selling bots, Quadency or HaasOnline can be a really perfect choice. However, you need to handiest use HaasOnline if you have a primary concept of the use of HassScript, their coding language, to configure the automated bot.

open source crypto trading

Here is my choose of the choices Best Free Crypto Trading Bots:

open source crypto trading

Here are some key factors while seeking to choose a brand new crypto buying and selling bot.

open source crypto trading

Many features that a well-done bot can behavior for you’re rebalancing, portfolio management, facts series, smart order routing, and so on.

What exactly are you able to improve with buying and selling bots? Let’s take a glance.

#1 Repetitive Tasks

Repetitive tasks devour a whole lot of effort and time. A crypto buying and selling robotic will assist you to definitely “replica and paste” particular tasks to conduct trades simply. One of the choices quality ways in which bots can help with repetition is in periodic rebalances. If you need to behavior hourly rebalances, then you’ll need to, as the choices name suggests, rebalance your portfolio every hour. So, you have options:

Timing and accomplishing a excessive diploma of accuracy for your buying and selling is important for trading. Every single crypto trade which you make can have an huge impact to your potential profits. Let’s take an example. Suppose the choices charge of Bitcoin is going down, and you need to promote your role the second BTC hits the choices $59,000 aid line. If you were to try this manually, you’d must patiently and carefully examine the price chart, and even then, you could now not pull the cause at the proper time. The buying and selling bot may be without difficulty programmed to reveal the choices market and execute a change at the right instances.

#three Complications may be simplified

Consider the instance of “clever order routing.”

It appears pretty clean to understand, right? However, the execution of this exchange can be nearly not possible. This is simply one of the many examples of the choices numerous complexities that ought to be factored in while education. Some techniques might be nearly impossible to put in force.

Trade bots can be used to automate these complex and seemingly impossible strategies without problems.

open source crypto trading

Trading bots paintings, it’s going to always be your approach on the way to create problems for you 😃. The buying and selling bot’s activity is to execute the choices order based totally on your configuration. So if your configuration aka buying and selling strategy is good, you will be unstoppable.

open source crypto trading

It’s your buying and selling strategy that yields profits for you, not the choices trading bot. However in a few cases like Grid trading bots, in case you run them lengthy enough in a sideways marketplace, they will yield profits.

open source crypto trading

As I referred to at the choices begin extra than 90% of the buying and selling occurred thru automated software program, consequently all people from the top to backside is the use of them, mainly the large players. So crypto trading bots are completely prison.

open source crypto trading

There are extraordinary kinds of crypto trading bots, let’s see some principal categories.

open source crypto trading

Trading bots execute trades on your crypto trade. Therefore you simply want to integrate your exchange with tax softwares so that you can export your trades. Once exported the choices software routinely calculates your earnings and losses and offers you which ones a tax calculation file.

open source crypto trading

There are multiple forms of buying and selling bots, and getting began with each of them is unique. However, in almost all cases, you want to combine your crypto change with the buying and selling bot.

However, at the same time as developing an API key on an exchange like Binance or others, handiest offer vital permissions associated with trading. For instance, do not offer wallet withdrawal permissions.

Most buying and selling bot platforms permits you to check your buying and selling approach with fake money.

Trading Strategy Automation

If you need to automate your buying and selling method, you should use the following steps before beginning the bot.

Grid Trading

With crypto grid bots, backtesting is the best step. Because on the choices part of the choices implementation, you just need to pick the choices trading range and configure the grid info. I would relatively advise beginners to strive our Grid buying and selling.

Copy Trading or Social Trading

In this case, the choices maximum crucial component is to analyze the trader you want to simulate. Therefore, test trader’s past overall performance, ROI, funding length, asset selection, threat control, and different parameters. To study more, study my enjoy with replica buying and selling.

open source crypto trading

There are some key stuff you must bear in mind at the same time as choosing a trading bot.

Mobile App/ Mobile View — On mobile, you could screen your trading bot easily. Therefore, usually choose a buying and selling bot with proper mobile assist. I endorse Pionex; they have the choices best cellular app for crypto buying and selling.

Easy to use — For beginners, the buying and selling bot should be smooth to apply. For example, I usually prefer a drag & drop builder over coding the choices buying and selling bot yourself.

Support and documentation — When cash is concerned, help will become critical. Therefore usually select the choices software with splendid assist and right documentation.

Trading Tools — I regularly use Bitsgap clever dealer, which routinely create an go out and forestall-loss trigger once I create an order primarily based on the share of danger and praise I select. These tools also are helpful for guide buying and selling and make my universal trading revel in a whole lot better. Therefore search for buying and selling equipment inside the bots that elevate your trading ability and enjoy.

Team, Company & History — Finally, check out corporations historical past because it’s far important due to the fact you will be giving get admission to in your trade buying and selling account to the software program. So search for if the choices software program has ever been hacked, the choices founders’ history, and the choices organization’s history.

Price — I accept as true with you ought to constantly look for the first-class trading tool and no longer worry approximately if it’s a touch luxurious because your trades will routinely pay for the choices device.

open source crypto trading

Let’s see a few benefits of the usage of trading bots:

Automation — Trading bots enables you to automate your trading method. Therefore, in case your approach is sound, bots will assist you earn money 24*7.

Analyze and Fine-tune — Trading bots offer a variety of records on how your approach is performing. You can examine this facts fine-music your strategy.

Execution — A trading robot can do lots more efficient execution of trades than a human. This gives you an additional aspect through averting latency and emotions.

Let’s also have a look at some of the choices negative aspects of buying and selling bots:

Beginners must keep away from it — Other than Grid buying and selling and maybe reproduction buying and selling, beginners need to avoid custom coding trading techniques. If you simply sign on on Binance and seeking to get a Binance buying and selling bot, you’re most probably seeking to rekt your self.

Monitoring — Crypto market is tremendously unstable. Therefore, you should constantly screen your bots. Sometimes it would come up with sleepless nights.

Security — Crypto bots have get right of entry to to your alternate trading account. Therefore while growing trade API keys of integrating with exchanges, make sure you provide best wanted permissions and profile the records of the choices trading bot and the crew.

open source crypto trading

I am in crypto for the final 3 years, and right here are a few pro tips for you.

If you want to dig deeper, study our guide on crypto making an investment.

open source crypto trading

If you are searching out a loose buying and selling bot, strive Poinex, they best charge trading fee, not month on month constant pricing. Also Try Pionex Levereged Tokens to earn extra with much less money.

Bitsgap and CryptoHopper, true paid buying and selling bots.

Signup on the Binance.com, Kraken, Gemini and Coinbase and get a discount on the Trading Fee.

Mudrex and Coinrule to build signs based totally bots.

three Best Crypto Grid Trading Bots

Read my very own enjoy with Copy Trading

Best Bitcoin exchange in India

Sign Up for AAX, FTX, Deribit, Bybit , Bityard , Phemex, Coinspot, Overbit and PrimeXBT and other fine crypto change and get a reduction on the buying and selling price.

If you’re a developer and need to apply open supply buying and selling automation equipment. Superalgos and PyCryptoBot is your high-quality friend.

Join Coinmonks Telegram institution and study crypto trading and making an investment

Also, Read

Coinmonks is a non-profit Crypto academic guide.

Coinmonks is a non-income Crypto academic e-book. Follow us on Twitter @coinmonks Our other mission — https://coincodecap.com

Gaurav Agrawal

Coinmonks is a non-earnings Crypto academic book. Follow us on Twitter @coinmonks Our different assignment — https://coincodecap.com

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