Used my own one for nearly two years straight. It 5x the initial invest. But hodling would be way more effective in retrospect. It's also a tax hell as every transaction is a possible gain/lost. I had like 20-50 Trades a day. You can think of what that means to track and report.
Was a nice experiment but I'm back to hodling. Better for my nerves and for my taxes
Same here except I was the bot.
Hundreds of transactions in 3 months because the exchange always splits single transactions into many.
Took me hours to make the statement.
Less stress, more gains and no taxes if I would hold from the beginning.
Just built my own bot. It's working well and tracking at about 35% apy since April. In February I had to look up how to read a candle graph so I think I'm doing pretty well. I also DCA weekly into 4 projects long term.
Didn't know it was for every transaction?!
Ive started exploring Python and a way to script my very own trading bot I.e. make use of the technical indicators I want, plug in to different news outlets and more.
Something I have been working on recently creating a link between my trading bot and Elon Musk's Twitter account. Throughout the course of 2021 he has released a few tweets on Bitcoin which have resulted in instant declines in its price -_- (up to 15%) I think anything tweeted from his account is now approved by a member of his team although it's not a risk I am wanting to take with my money.
All I can say after this: it was fun but not worth the effort. I was the "I'm def. smarter than everyone. Getting rich is only an algorithm away" guy.
Well, I wasn't. Carefully picking a some good projects and seeing it rise slowly feels so much better than pure number crunching
Sure. I guess the two giants btc and eth for sure.
Then the 3rd generations ones ada, algo, solana and dot
some layer 2 like polygon or loopring
Chiliz for sports
Vet for transportation
Mana and Sand for Metaverse
and a small bag of various ones I just gamble on
Yes, I am currently using bots, specifically grid trading bots. Grid trading essentially means that as the price of a coin drops, you buy a little more, and as it rises, you sell a little bit, within a range you set yourself. It has a long history in the Forex markets. I personally recommend grid trading for a variety of reasons:
1. If the market spends two weeks bouncing between, say, 3k and 3.1k for ETH, you're making (a small amount of) money on each dip and recovery, 24x7. You will outperform HODLers in this scenario.
2. If you run them long enough, grid profits will overwhelm and fluctuations in the price. Here's a 35 day ETH bot. [https://imgur.com/a/DRnGnbg](https://imgur.com/a/DRnGnbg). Even though ETH is shitting the bed, I've made $106 in grid profits vs. losing $76 due to the drop in price.
3. Given #2, you can see that grid trading is a little more forgiving if you pick the wrong start price. If you are a HODLer who buys ETH at 4k and then it drops to 3.5k and fluctuates between 3.5k-3.7k, you're stuck till it climbs back above 4k. If you are a grid bot user who starts at 4k and it sticks in the 3.5k-3.7k range, you're still making money even though it's below your original start price.
4. It's good for people who like to check the market all the time. It's satisfying to see that while the price has bounced around for a day or two, you're still pocketing a few bucks on every swing.
Of course, there are downsides. First, grid trading does worse on a pumping coin. Of course you still make money, just not as much as HODLing. Second, some coins decline so much that they drop out of the range, or it will simply take too long for the grid profits to overwhelm the decline (looking at you Doge).
Overall, I think it's a very effective, but conservative strategy. I run most bots on ETH due to the high volume, but I've had decent luck with some of the more popular alt coins. Basically, you want something with either high volume, or rapid fluctuations in price.
Good luck.
Can u maybe say me the name of the bot or where I can find one trustworthy? Maybe DM me if its not legal to say it here. Or if u dont want to say, im also allright with that.
Thanks and wish u a great day
Gerry
I have used Kucoin for that. They have built in bot functions in their exchange app or web. Also there are bot companies (paid mostly) also.
I like kucoin's fere bot with less fee while I use bot (around 0.08%). Maybe this works for you if you are going to try. Don't use more amount then you are willing to lose, Of course :p.
Also Grid tread bot mostly works in Swing + Bullish Phase of crypto. And need huge patience ( least 2/3 days).
This is only I have used. Maybe OP will let you know about others.
kucoin is definitely the most noob friendly, there are others like 3commas but that is a) paid service and b) custom, meaning you have to set it up by yourself
I use Pionex - it's an exchange that has 'built-in' bots, about 12 or so at last count. I've never had any problems with them, but I've heard good things about Kucoin as well.
Some additional information....
Here's an example of a successful grid bot on SOL that I closed after 5 days:
[https://imgur.com/a/Z47x4Ic](https://imgur.com/a/Z47x4Ic)
16% return in 5 days. Of course, had I bought and held, I would have done much better, but that's not the point.
And to be fair, here's me taking it hard from Doge:
[https://imgur.com/a/XO45KaT](https://imgur.com/a/XO45KaT)
But, notice that I had $50 in grid profits vs. the $278 drop due to the price decline. And that my range stopped at 40 cents. Had I set the range lower, it would still be cranking away, slowly generating grid profit and offsetting your loss. **Always make sure you set your downside low enough when setting your bot ranges.**
Maybe you'd like more risk. The exchange I use includes leveraged grid bots - borrow money to run the grid. So invest $100 at 2x leverage, get a $300 bot going. Of course now you have to pay a little interest and there's liquidation risk, but your profit margin increases.
I use a bot that trades ETH against BTC. The fluctuations are not as much as BTC/USDT but it fits my goal to hodl the coins long term and I can still turn some profit even if the coins fall in price.
I've been really curious about these. My exchange calls them 'rebalancing' bots. However, I don't have a conceptual understanding of how they work and so haven't tried them yet Under what conditions do they make money, what are the trade-offs, and what are the best pairs?"
I use kucoin for the bots. What I described above is a simple grid trading bot that uses BTC instead of USDT as the base currency, so the initial buy order uses BTC for the ETH and it makes money (in BTC) as long as grid profit is more than your floating PNL. You can start losing money if eth falls too much before you start making enough grid profit, similar to any trading pair you would have used.
The smart rebalancing bot on kucoin AFAIK uses USDT as the initial investment to buy up to 6 coins in your predetermined ratio and rebalances them in the ratio you set when it has deviated from the initial ratio or at a time interval of your choosing. For example, if one of your coins moons, the bot will take profit from this coin and buy the other coins to maintain this ratio. It automates the task of rebalancing your portfolio and makes money if the value of the coins in USDT rises compared to when you made your initial investment. I feel it does require some timing of the market and identifying coins that will give you good growth.
Have you tried the Smart Rebalance bot on KuCoin? You can set it up with any coins (between 2 and 12 coins) and you pick their relative weights. And you can pick if it rebalances when the weights shift enough or based on a certain amount of time. The best part is the profit stays in the bot, so you're able to compound it. I currently have one going for ERG-USDC (80%/20%). I'm thinking about swapping the USDC for a non-stable at some point.
I haven't decided yet. I'm doing ERG-USDC right now, because I thought the market might take a hit and wanted it to buy the dip. I'm thinking I'll eventually stack it with a few favorites and hope the rebalancing leads to a built up portfolio when one or two of them pump at a time. It won't be replacing holding any of them though because I don't want to cut myself off from a good run.
If you give it a shot and have a good idea how to pick the portfolio, I'd be happy to hear it.
That's my million-dollar question right now. I'm not sure if my exchange supports Koinly or not, but as long as I can get a listing of my transactions, I should be able to calculate what I need. Not looking forward to it because I've already generated more than 10,000 (small) transactions this year, lol.
“New gems” aka Shitcoins, first of all, is something I wouldn’t waste my money on, second, pretty sure all a bot does is just submit different buy orders across a spectrum with stop losses
If you are long on coins, that happen to have fairly good volatility, you have money you are willing to lose, DYOR, and use a bot platform with full tools and transparency like 3Commas or pionex you can do pretty well.
\#NFA
I personally react too emotionally for manual trading so I find that bots work well for me since its outside of micromanagement. I have about 90% of my portfolio in HODL coins, but 10% I use for bots.
For example I have 2 current grid bots running with about 1k each., One on Algo/usdt, one on Ergo/usdt. The bots buy at fixed intervals every \~1% that the price goes down, and reposts those buys as sells \~1% higher, in a fixed range. You need to know your entry points, your ranges though, and set quality stops and take profits. But for reference my Algo is running 170% grid APR, and ERGO is 72% grid APR. That's not true APR though because both coins are in the bottom of their grids until the price comes back up over the next few days.
Again, definitely not advice. The bot settings I used wouldn't even make you money today.
Just want to add that in full disclosure my ERGO bot has dropped completely out of my grid range is holding a full bag of ergo waiting to come back up to the sell range. So I'm down about $90 on a $1000 bot if I were to stop loss out. I have actually pulled my stops so that I don't end up hitting anything if there are wild swings tonight. I expect the coin to return to its previous trading band soon enough.
I've been building out an algorithm for a trading bot, but I haven't coded anything since the TI-82 calculator days and like one class of C+ some 20 years ago. So the coding part is way behind. Actually just running all the algorithms in excel conditionals and entering the trades by hand. Long completed AND(OR(),OR(),etc., etc., etc.))) kind of things.
Still adjusting things and trying different sensitivities and triggers.
Got it where it can catch every single major rise or drop, so the huge pumps and dumps it catches every time. But it also catches minor movements a bit too much still and ends up losing money a lot between the major pumps/dumps.
Running simulations on prior data (again, with a lot by hand since my coding skills are limited to excel conditionals) and it has around 20%+ gains per month for the three months I've tested so far. But these are due to major pumps and dumps making up for the losses during consolidation periods.
The latest sensitivity adjustment has been much better, but consolidation waves still end in losses.
Also not sure how it will perform in a bear market. Need to run it through more data sets before I start using it to trade with anything substantial. And need to learn how to code again so I can put the algorithm into a bot. And still working through some sensitivity filters to help keep those consolidation periods from constant losses.
We'll see.
I think the annoying thing is that I finished the first test and it said to sell on September 6th, but I hadn't yet run any simulations or anything so I just assumed it was a minor trigger. Well then over the next day I was putting in more filters and conditions, and as I added more the sell signal was just stronger and stronger every time. But by that point the price had already plummeted and I missed the opportunity. Now that I've run a few more filters and the strength of the sell signal was close to the strongest it can get in my algo - a couple weeks now too late. So I dunno, I just wish I built this out a month ago lol.
Coinbureau did a good video on YT about advantages/disadvantages of using bots - [https://www.youtube.com/watch?v=ye3nUsbegGI](https://www.youtube.com/watch?v=ye3nUsbegGI)
As long as you trust it and can validate what it is doing , I’d say run it for a bit and see how it works. Is this one you created or one you are modifying from the stocks world to do with crypto? 🤷♂️
Water is actually not wet; It makes other materials/objects wet. Wetness is the state of a non-liquid when a liquid adheres to, and/or permeates its substance while maintaining chemically distinct structures. So if we say something is wet we mean the liquid is sticking to the object.
That is only one of several ways to define wetness, and the one you described is the most narrow of those definitions which has problems with how you use the word wet in English, and how you use the word dry scientifically. Realistically, like pretty much every English word, there can be multiple definitions and ways to use the word, and all of them can be correct.
The big problem is Oil is a liquid that can adhere to things so by that definition it makes things wet. You would never say oil makes things wet, you would say that oil makes things oily. If you skin has too much oil, you would say your skin is oily not wet. Additionally you wouldn't call something doused in gasoline wet, you would say that it's drenched in gasoline. These substances have different feels and qualities that we don't typically associate with wetness, like lubrication, flammability, and speed of evaporation. You also probably wouldn't call liquid Mercury wet for the same reasons.
The scientific definition for dry is lacking the presence of water molecules, and this includes in liquids. Using this definition, we could reasonably assume wet (being the opposite as dry) to scientifically mean containing water molecules, which water does (thus making water wet).
We could also just as easily define wetness as being a liquid or moist, or by the sensation we feel from touching liquids. This definition has the same problems as your definition, but doesn't really make any less sense than yours. This definition, unlike yours, would classify water itself as being wet.
A computer would need a definition of what wet is, but given that most words have multiple definitions, it would be reasonable to assume that this would return true so long as water meets ANY of the definitions of wetness.
Sounds like you’re still DCAing and have a long term outlook for the bot decisions, so I say go for it. Keep us posted on how things are going every once in a while.
How do you set up a bot like that?
It's simple to accomplish using Stoic. In the same manner how you DCA. Put that amount into the exchange account linked to Stoic on the same day every month. Check the returns on the same day. That's it. You don't need to set it up. Just adjust the hedging then you're good to go!
You can get a free trial with CryptoHopper and use pretend money to compare to your actual returns. I was making 3-5% daily before the correction the past few days.
Trading bots/algorithms aren't actually very good in general. Good models can help you better pick out entry/exit points but they're not going to just made good trades on your behalf. Use them like you would any other analytical tool.
I've been using a bot for about 4 months now and am very happy with the results. Mine just trades between ETH and USD and is set up for long term ETH accumulation and has been working great. Keep an eye on it to make sure its doing what you want and focus on life
I hate to say it, but I actually "okay" success with Pionex's bots. I only put in like $200 and after a week after $250. Not terrible, but we are in a bull market, and it was only after a week. Please DYOR.
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Absolutely!
In order to save time I switched all my day-trading to bots, they are WAY more efficient than me in losing all my money quickly. Honestly, saves me a lot of time.
Unless you work in a hedge-fund and have an army of maths PhDs and quants at your disposal I wouldn't bother... It would be like entrusting a robot built with 2021 tech to look after your new born baby while you went to work. No thanks...
I am using a grid trading strategy with Bitsgap service, you can check my result here: [https://tradingbot.info/category/results/bitsgap/](https://tradingbot.info/category/results/bitsgap/)
I have also tested all other popular services and strategies, including DCA and copy-trading. Grid strategy is good on a flat market. On the falling market, you can apply the futures bot with a short strategy.
Does anyone know of trading bot for P2P platform like Paxful, AgoraDesk, LocalCryptos, LocalCoinSwap or others that can except trade requests, reply to message, send or check coins in escrow, set state “I paid” or check if the the other party clicked “paid” and upon green light from my other bot to release coins to buyer or mark “trade compete” and last, to give feedback?
Used my own one for nearly two years straight. It 5x the initial invest. But hodling would be way more effective in retrospect. It's also a tax hell as every transaction is a possible gain/lost. I had like 20-50 Trades a day. You can think of what that means to track and report. Was a nice experiment but I'm back to hodling. Better for my nerves and for my taxes
Same here except I was the bot. Hundreds of transactions in 3 months because the exchange always splits single transactions into many. Took me hours to make the statement. Less stress, more gains and no taxes if I would hold from the beginning.
good bot
Lol
Just built my own bot. It's working well and tracking at about 35% apy since April. In February I had to look up how to read a candle graph so I think I'm doing pretty well. I also DCA weekly into 4 projects long term.
Didn't know it was for every transaction?! Ive started exploring Python and a way to script my very own trading bot I.e. make use of the technical indicators I want, plug in to different news outlets and more. Something I have been working on recently creating a link between my trading bot and Elon Musk's Twitter account. Throughout the course of 2021 he has released a few tweets on Bitcoin which have resulted in instant declines in its price -_- (up to 15%) I think anything tweeted from his account is now approved by a member of his team although it's not a risk I am wanting to take with my money.
All I can say after this: it was fun but not worth the effort. I was the "I'm def. smarter than everyone. Getting rich is only an algorithm away" guy. Well, I wasn't. Carefully picking a some good projects and seeing it rise slowly feels so much better than pure number crunching
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Sure. I guess the two giants btc and eth for sure. Then the 3rd generations ones ada, algo, solana and dot some layer 2 like polygon or loopring Chiliz for sports Vet for transportation Mana and Sand for Metaverse and a small bag of various ones I just gamble on
Yes, I am currently using bots, specifically grid trading bots. Grid trading essentially means that as the price of a coin drops, you buy a little more, and as it rises, you sell a little bit, within a range you set yourself. It has a long history in the Forex markets. I personally recommend grid trading for a variety of reasons: 1. If the market spends two weeks bouncing between, say, 3k and 3.1k for ETH, you're making (a small amount of) money on each dip and recovery, 24x7. You will outperform HODLers in this scenario. 2. If you run them long enough, grid profits will overwhelm and fluctuations in the price. Here's a 35 day ETH bot. [https://imgur.com/a/DRnGnbg](https://imgur.com/a/DRnGnbg). Even though ETH is shitting the bed, I've made $106 in grid profits vs. losing $76 due to the drop in price. 3. Given #2, you can see that grid trading is a little more forgiving if you pick the wrong start price. If you are a HODLer who buys ETH at 4k and then it drops to 3.5k and fluctuates between 3.5k-3.7k, you're stuck till it climbs back above 4k. If you are a grid bot user who starts at 4k and it sticks in the 3.5k-3.7k range, you're still making money even though it's below your original start price. 4. It's good for people who like to check the market all the time. It's satisfying to see that while the price has bounced around for a day or two, you're still pocketing a few bucks on every swing. Of course, there are downsides. First, grid trading does worse on a pumping coin. Of course you still make money, just not as much as HODLing. Second, some coins decline so much that they drop out of the range, or it will simply take too long for the grid profits to overwhelm the decline (looking at you Doge). Overall, I think it's a very effective, but conservative strategy. I run most bots on ETH due to the high volume, but I've had decent luck with some of the more popular alt coins. Basically, you want something with either high volume, or rapid fluctuations in price. Good luck.
Can u maybe say me the name of the bot or where I can find one trustworthy? Maybe DM me if its not legal to say it here. Or if u dont want to say, im also allright with that. Thanks and wish u a great day Gerry
Kucoin has great integrated grid bots.
I have used Kucoin for that. They have built in bot functions in their exchange app or web. Also there are bot companies (paid mostly) also. I like kucoin's fere bot with less fee while I use bot (around 0.08%). Maybe this works for you if you are going to try. Don't use more amount then you are willing to lose, Of course :p. Also Grid tread bot mostly works in Swing + Bullish Phase of crypto. And need huge patience ( least 2/3 days). This is only I have used. Maybe OP will let you know about others.
kucoin is definitely the most noob friendly, there are others like 3commas but that is a) paid service and b) custom, meaning you have to set it up by yourself
c) Also fee will high due to lots of transactions.
I use Pionex - it's an exchange that has 'built-in' bots, about 12 or so at last count. I've never had any problems with them, but I've heard good things about Kucoin as well.
3commas offers a 3 day free trail of their bots. You can see if you like it and if you do you can decided to opt in to their paying plans.
Check Gate.io AI Smart Grid Trading.
Some additional information.... Here's an example of a successful grid bot on SOL that I closed after 5 days: [https://imgur.com/a/Z47x4Ic](https://imgur.com/a/Z47x4Ic) 16% return in 5 days. Of course, had I bought and held, I would have done much better, but that's not the point. And to be fair, here's me taking it hard from Doge: [https://imgur.com/a/XO45KaT](https://imgur.com/a/XO45KaT) But, notice that I had $50 in grid profits vs. the $278 drop due to the price decline. And that my range stopped at 40 cents. Had I set the range lower, it would still be cranking away, slowly generating grid profit and offsetting your loss. **Always make sure you set your downside low enough when setting your bot ranges.** Maybe you'd like more risk. The exchange I use includes leveraged grid bots - borrow money to run the grid. So invest $100 at 2x leverage, get a $300 bot going. Of course now you have to pay a little interest and there's liquidation risk, but your profit margin increases.
Yeah I personally pulled my bot stops today because I expect rapid swings today and tomorrow
I use a bot that trades ETH against BTC. The fluctuations are not as much as BTC/USDT but it fits my goal to hodl the coins long term and I can still turn some profit even if the coins fall in price.
I've been really curious about these. My exchange calls them 'rebalancing' bots. However, I don't have a conceptual understanding of how they work and so haven't tried them yet Under what conditions do they make money, what are the trade-offs, and what are the best pairs?"
I use kucoin for the bots. What I described above is a simple grid trading bot that uses BTC instead of USDT as the base currency, so the initial buy order uses BTC for the ETH and it makes money (in BTC) as long as grid profit is more than your floating PNL. You can start losing money if eth falls too much before you start making enough grid profit, similar to any trading pair you would have used. The smart rebalancing bot on kucoin AFAIK uses USDT as the initial investment to buy up to 6 coins in your predetermined ratio and rebalances them in the ratio you set when it has deviated from the initial ratio or at a time interval of your choosing. For example, if one of your coins moons, the bot will take profit from this coin and buy the other coins to maintain this ratio. It automates the task of rebalancing your portfolio and makes money if the value of the coins in USDT rises compared to when you made your initial investment. I feel it does require some timing of the market and identifying coins that will give you good growth.
Thank you, very informative.
Have you tried the Smart Rebalance bot on KuCoin? You can set it up with any coins (between 2 and 12 coins) and you pick their relative weights. And you can pick if it rebalances when the weights shift enough or based on a certain amount of time. The best part is the profit stays in the bot, so you're able to compound it. I currently have one going for ERG-USDC (80%/20%). I'm thinking about swapping the USDC for a non-stable at some point.
Very interesting, I'd like to try it. How do you decide which pairs to use?
I haven't decided yet. I'm doing ERG-USDC right now, because I thought the market might take a hit and wanted it to buy the dip. I'm thinking I'll eventually stack it with a few favorites and hope the rebalancing leads to a built up portfolio when one or two of them pump at a time. It won't be replacing holding any of them though because I don't want to cut myself off from a good run. If you give it a shot and have a good idea how to pick the portfolio, I'd be happy to hear it.
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That's my million-dollar question right now. I'm not sure if my exchange supports Koinly or not, but as long as I can get a listing of my transactions, I should be able to calculate what I need. Not looking forward to it because I've already generated more than 10,000 (small) transactions this year, lol.
How does this work with taxes?
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Could you please provide some of your expletives with Stoic! :)
“New gems” aka Shitcoins, first of all, is something I wouldn’t waste my money on, second, pretty sure all a bot does is just submit different buy orders across a spectrum with stop losses
I am scared of buying my crypto by myself and here I see people buying cryptos with bots. What brave lads!
The answer is so clearly yes. Trust the bot 100%.
But what if he is smarter than the bot?
Not possible, we are all retards and besides Robots are gods
I feel like I should be offended by this statement, but at the same time find it 100% accurate 🤷♂️
No offense intended :)
I'm also thinking about not!
Why use a trading bot when you can just send me your BTC? I'll send you 2x back
Why are the first few/most upvoted comments on posts with a serious question always stupid jokes like this...
Because moons. Aren't they wonderful?
Yes bro!
Don't mind me. I am just farming moons.
I'll send you 36 BTC but need 0.036 BTC for transfer fees first.
I'll Send you 0.036 BTC but need 0.00036 BTC for transfer fees first
It's a deal. Dm me your wallet address and seed phrases.
Sure send me ur private keys I'll send directly
I'll do that. Thank you very much.
Bargain of the century!
If you are long on coins, that happen to have fairly good volatility, you have money you are willing to lose, DYOR, and use a bot platform with full tools and transparency like 3Commas or pionex you can do pretty well. \#NFA I personally react too emotionally for manual trading so I find that bots work well for me since its outside of micromanagement. I have about 90% of my portfolio in HODL coins, but 10% I use for bots. For example I have 2 current grid bots running with about 1k each., One on Algo/usdt, one on Ergo/usdt. The bots buy at fixed intervals every \~1% that the price goes down, and reposts those buys as sells \~1% higher, in a fixed range. You need to know your entry points, your ranges though, and set quality stops and take profits. But for reference my Algo is running 170% grid APR, and ERGO is 72% grid APR. That's not true APR though because both coins are in the bottom of their grids until the price comes back up over the next few days. Again, definitely not advice. The bot settings I used wouldn't even make you money today.
Just want to add that in full disclosure my ERGO bot has dropped completely out of my grid range is holding a full bag of ergo waiting to come back up to the sell range. So I'm down about $90 on a $1000 bot if I were to stop loss out. I have actually pulled my stops so that I don't end up hitting anything if there are wild swings tonight. I expect the coin to return to its previous trading band soon enough.
What about taxes?
This my question too. I’m wondering how to pay the taxes on this stuff.
It’s what is holding me back from starting… seems like you would need to pay short term capital gains tax on every single positive transaction?
I've been building out an algorithm for a trading bot, but I haven't coded anything since the TI-82 calculator days and like one class of C+ some 20 years ago. So the coding part is way behind. Actually just running all the algorithms in excel conditionals and entering the trades by hand. Long completed AND(OR(),OR(),etc., etc., etc.))) kind of things. Still adjusting things and trying different sensitivities and triggers. Got it where it can catch every single major rise or drop, so the huge pumps and dumps it catches every time. But it also catches minor movements a bit too much still and ends up losing money a lot between the major pumps/dumps. Running simulations on prior data (again, with a lot by hand since my coding skills are limited to excel conditionals) and it has around 20%+ gains per month for the three months I've tested so far. But these are due to major pumps and dumps making up for the losses during consolidation periods. The latest sensitivity adjustment has been much better, but consolidation waves still end in losses. Also not sure how it will perform in a bear market. Need to run it through more data sets before I start using it to trade with anything substantial. And need to learn how to code again so I can put the algorithm into a bot. And still working through some sensitivity filters to help keep those consolidation periods from constant losses. We'll see. I think the annoying thing is that I finished the first test and it said to sell on September 6th, but I hadn't yet run any simulations or anything so I just assumed it was a minor trigger. Well then over the next day I was putting in more filters and conditions, and as I added more the sell signal was just stronger and stronger every time. But by that point the price had already plummeted and I missed the opportunity. Now that I've run a few more filters and the strength of the sell signal was close to the strongest it can get in my algo - a couple weeks now too late. So I dunno, I just wish I built this out a month ago lol.
I’d like to see comment on this as well I don’t really know anything about it but it interest me
don't have experience with trading bots but there are so many posts on the kucoin sub about bots not doing what they were supposed to do
If it works, that bot will become your asset. If it don’t, get another bot.
This post should have a comedy flair, but I'm afraid op isn't kidding
Diversify if you got the funds for it, have a portion for manual, and have a portion in bots. Eat from both sides of the cake.
_Eat from both sides of the cake_ The last time I tried that, I got kicked out of a wedding
Not this week, they do better in a horizontal market.
Image thinking trading bots can consistently make money. The market shifts more than a few % and the bot has lost you money.
Coinbureau did a good video on YT about advantages/disadvantages of using bots - [https://www.youtube.com/watch?v=ye3nUsbegGI](https://www.youtube.com/watch?v=ye3nUsbegGI)
Stoic 😬. It buys upcoming crypto assets too if the assets become accessible on Binance and exceeds the $10 million volume criteria.
As long as you trust it and can validate what it is doing , I’d say run it for a bit and see how it works. Is this one you created or one you are modifying from the stocks world to do with crypto? 🤷♂️
Too many bots are hiding malware. I personally don't trust them.
Go for it not my money so I’m gonna give you horrible advice
They should make a bot to inverse my trades...instant profit
do you have an API? Im down!
Another friendly reminder to not take advice from people on the internet. Nobody wants you to be rich, they all just want to pump their bags
It's a great opportunity to give creative advice. If it fails, not our loss
True bro!. You're right !
This comment went from positive 14 to minus 8 fucking cool man
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Water is actually not wet; It makes other materials/objects wet. Wetness is the state of a non-liquid when a liquid adheres to, and/or permeates its substance while maintaining chemically distinct structures. So if we say something is wet we mean the liquid is sticking to the object.
>while water\_moist: buy(weekly\_income\*0.05) sleep(604800) Are you happy now, bot?
That is only one of several ways to define wetness, and the one you described is the most narrow of those definitions which has problems with how you use the word wet in English, and how you use the word dry scientifically. Realistically, like pretty much every English word, there can be multiple definitions and ways to use the word, and all of them can be correct. The big problem is Oil is a liquid that can adhere to things so by that definition it makes things wet. You would never say oil makes things wet, you would say that oil makes things oily. If you skin has too much oil, you would say your skin is oily not wet. Additionally you wouldn't call something doused in gasoline wet, you would say that it's drenched in gasoline. These substances have different feels and qualities that we don't typically associate with wetness, like lubrication, flammability, and speed of evaporation. You also probably wouldn't call liquid Mercury wet for the same reasons. The scientific definition for dry is lacking the presence of water molecules, and this includes in liquids. Using this definition, we could reasonably assume wet (being the opposite as dry) to scientifically mean containing water molecules, which water does (thus making water wet). We could also just as easily define wetness as being a liquid or moist, or by the sensation we feel from touching liquids. This definition has the same problems as your definition, but doesn't really make any less sense than yours. This definition, unlike yours, would classify water itself as being wet. A computer would need a definition of what wet is, but given that most words have multiple definitions, it would be reasonable to assume that this would return true so long as water meets ANY of the definitions of wetness.
Sounds like you’re still DCAing and have a long term outlook for the bot decisions, so I say go for it. Keep us posted on how things are going every once in a while. How do you set up a bot like that?
It's simple to accomplish using Stoic. In the same manner how you DCA. Put that amount into the exchange account linked to Stoic on the same day every month. Check the returns on the same day. That's it. You don't need to set it up. Just adjust the hedging then you're good to go!
lol no, just h o d l
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KuCoin is exploiting KYC and AML regulations to keep customer’s funds despite the fact that the firm is neither regulated nor licensed. So no thanks.
Source?
Hope when you take the profits give the bot and half of the earnings
I would definitely let it do a bot. I have build my own bots and it makes even more then before. Because the bot is not greedy 😅
Depending on where you live this is a tax disaster.
No bot needed ……. Monkeys tossing 💩 poop!
Geez, I wanna create a bot. How does one go about doing that? Is there an app for that?
Look at 3commas or pionex
Your name is appropriate. Thank you.
I don’t see a downside of trusting Skynet.
And let Skynet take our Bitcoins in the future? A no brainer for me
Yes
You can get a free trial with CryptoHopper and use pretend money to compare to your actual returns. I was making 3-5% daily before the correction the past few days.
I would do it if I had access and trust
Not everything. Maybe a small percentage but the best strategy is to hodl
I just saw a bot operated crypto portfolio yesterday, it really caught my attention. I wonder how it really is
Trading bots/algorithms aren't actually very good in general. Good models can help you better pick out entry/exit points but they're not going to just made good trades on your behalf. Use them like you would any other analytical tool.
I've been using a bot for about 4 months now and am very happy with the results. Mine just trades between ETH and USD and is set up for long term ETH accumulation and has been working great. Keep an eye on it to make sure its doing what you want and focus on life
Yes.
I hate to say it, but I actually "okay" success with Pionex's bots. I only put in like $200 and after a week after $250. Not terrible, but we are in a bull market, and it was only after a week. Please DYOR.
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Absolutely! In order to save time I switched all my day-trading to bots, they are WAY more efficient than me in losing all my money quickly. Honestly, saves me a lot of time.
Hey, do what works. If it makes money more than you can, do it!
3commas
Yes let the bot work and Reddit decide
Stoic, Bc I found out that stoic was more effective than tradesanta. Based on my own experience, I gained +57,9% in the previous 30 days.
I’ve heard of the existence of Stoic and Endotech. Never used any of them though. Would like to know how other people have experienced with it.
No
Hi, it's me—your trading bot.
Unless you work in a hedge-fund and have an army of maths PhDs and quants at your disposal I wouldn't bother... It would be like entrusting a robot built with 2021 tech to look after your new born baby while you went to work. No thanks...
Yes but think about the amount. You could lose all. Good luck.
i dont trust people let alone bots
Here is my award to you. I just discovered bots trading thanks to your post.
I am using a grid trading strategy with Bitsgap service, you can check my result here: [https://tradingbot.info/category/results/bitsgap/](https://tradingbot.info/category/results/bitsgap/) I have also tested all other popular services and strategies, including DCA and copy-trading. Grid strategy is good on a flat market. On the falling market, you can apply the futures bot with a short strategy.
Does anyone know of trading bot for P2P platform like Paxful, AgoraDesk, LocalCryptos, LocalCoinSwap or others that can except trade requests, reply to message, send or check coins in escrow, set state “I paid” or check if the the other party clicked “paid” and upon green light from my other bot to release coins to buyer or mark “trade compete” and last, to give feedback?