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Started By
Message
re: Crypto Trading Bots
Posted on 11/8/21 at 10:04 am to LordSaintly
Posted on 11/8/21 at 10:04 am to LordSaintly
So I messed up and added KRL a few days ago at its peak, after it already pumped. I decided to take a $15 loss today because it was eating up a bunch of money in safety orders.
Lesson learned. Always look at the charts before adding a trading pair.
Lesson learned. Always look at the charts before adding a trading pair.
Posted on 11/8/21 at 10:06 am to Special K
anyone with expierence using bots for the pump groups on discord?
Posted on 11/8/21 at 10:13 am to LordSaintly
Learned this lesson the hard way. I've liquidated a few positions for a loss to free up capital to keep other bots churning.
Another strategy I'm trying is creating a second bot for the same coin (where I am stuck) at the new trading range it has settled in to. In your case I would call it KRL cover. Idea being it would generate funds at this lower level to offset the larger loss. Does that make sense? (How I explained it) I'm not sure if it makes sense to do it. It's an experiment.
Another strategy I'm trying is creating a second bot for the same coin (where I am stuck) at the new trading range it has settled in to. In your case I would call it KRL cover. Idea being it would generate funds at this lower level to offset the larger loss. Does that make sense? (How I explained it) I'm not sure if it makes sense to do it. It's an experiment.
Posted on 11/8/21 at 10:14 am to LordSaintly
quote:
added KRL a few days ago at its peak, after it already pumped.
I'm not sure but I feel like I'm in this same boat with XYO and IOTX...
Posted on 11/8/21 at 10:26 am to nopants
quote:
I'm not sure but I feel like I'm in this same boat with XYO and IOTX...
Unfortunately, I think you are. Both of these pumped recently.
If you're considering getting out, you can add funds to your bots to increase your DCA. I did this with KRL.
And as I type this, it looks like KRL started pumping again. After I sold, of course.
Posted on 11/8/21 at 10:32 am to LordSaintly
quote:
If you're considering getting out, you can add funds to your bots to increase your DCA. I did this with KRL.
I'll likely just hold for now. I've only got 1.5k or so in the trading account at the moment, so those two holding up ~600 is a hindrance but I put their safety orders down to 10 so that they wouldn't eat up all the gas.
Plan to keep adding funds until I can get most if not all of the USD pairs and then adjust as necessary.
Can anyone recommend a good source for vetting all these various coins? So many of the crypto 'news' sites look like nothing but shills for whatever coin they are trying to pump that day...
Posted on 11/8/21 at 10:49 am to tigerfan311
quote:
Does that make sense? (How I explained it) I'm not sure if it makes sense to do it. It's an experiment.
Definitely makes sense. I'm curious to see what you find out.
Posted on 11/8/21 at 11:54 am to nopants
same here. Out of 22 Bots running, IOTX and XYO are the only pairs that have been stuck in deals now for over 2 day resets, they are all by themselves at the bottom of the app. XYO has hit it's 10SOs but IOTX has only hit 3 for me, it's just stagnant. I made a ton of XYO Friday/Sat though. I added more funds to it to bring it down but still haven't sold yet as it looked it was starting to trend back up.
Posted on 11/8/21 at 12:31 pm to LordSaintly
I did the same. but I'm not ready to close the positions. the point of the bot besides working 24/7 is to take the emotions out.
I edited the bot to not make new deals for kryll bot (manual start). so if/when these deals close, I'm out of that shite coin.
I'm going back to btc and ether only I think for a bit.
I edited the bot to not make new deals for kryll bot (manual start). so if/when these deals close, I'm out of that shite coin.
I'm going back to btc and ether only I think for a bit.
Posted on 11/8/21 at 1:04 pm to tigerfan311
Had to liquidate some that weren’t funded right because of obvious dip incoming. If SO is twice BO, and you set number of SO for a 20-60% correction, and use the weighted scale, your DCA should always be close to the current price, then a small take profit should hit with a bounce. At least that’s my thinking at the moment.
Posted on 11/8/21 at 1:40 pm to mach316
Anyone know of a good equities trading bot similar to 3commas?
Posted on 11/8/21 at 2:30 pm to Rust Cohle
quote:
If SO is twice BO
I understand that
quote:
and you set number of SO for a 20-60% correction
How do you calculate this? How many would this typically take?
quote:
and use the weighted scale
What do you set this as?
quote:
your DCA should always be close to the current price, then a small take profit should hit with a bounce
This is exactly what I am looking for.
Posted on 11/8/21 at 3:17 pm to Special K
Thought I would share my experience.
Started late Friday night with $500. Setup 4 pairs with similar settings to most: TTP: 1.5%, 0.2, BO: 10 USD, SO: 10 USD, SOS: 2.4%, OS: 1.05, SS: 1.0. 20 safety orders max.
I am setup with Binance.us. I went ahead and bought $25 of BNB, so I think my fees are 0.0750% / 0.0750%....but reading other exchanges fees, I think I am missing something because that seems really low. Anyone know if that is accurate?
I didn't really get much done the first 2-3 days. SOL was stuck with the "Invalid order params: 'MIN_NOTIONAL'" error, 2 of the pairs weren't moving, so I only had one that closed any deals. I manually got rid of SOL on Saturday and added a different pair, and as of this morning I had $3.75 profit, but never had more than $150 being "used", so I made some adjustments this morning.
I opted for more pairs, up to 10 now. I increased my buy order / safety order to $10.25 and lowered trailing to .1, I can't quite figure out the error (Also happening with LINK) but it seems to be something with the $10 minimum order and fees (Or maybe timing, not closing fast enough?), so hoping this eliminates it. I also lowered the number of safety orders to 10 so I don't chase something down and get my limited funds stuck in 1 pair/coin.
Since those changes I have had $1.50 in profit for a total of $5.25. Seems irrelevant, but really I have only put (at most) $150 at risk and this is me testing the waters so I am happy with that. I am shooting for 1% per day for some supplemental income, and the ~7 hours since I made the changes I achieved that; as others mentioned the key seems to be spreading out across pairs (and having the funds to support/dca large moves down).
If anyone else is in the same boat as me (Small bank roll, testing the waters) I would suggest spreading out across 10-15 pairs and lowering your number of safety orders. This isn't ideal per the videos, but it does allow you to get "More action" as you will be seeing your deals close and getting profit instead of waiting for the day one of your 2-4 coins start moving. I picked coins with basically no real strategy (Never done crypto): 4 that I recognized, 4 that looked like they were down from 6 months ago, and 2 that I liked the name/icon.
It is strangely fun and a bit addicting. Definitely going to have to be careful with this. I plan to watch a few more days and then move some more funds in to get up to 40 pairs + increased order amounts.
Thanks for sharing, really enjoyed it so far. One thing I am not quite sure on: what is the point of a subscription in my circumstance? It seems I can add as many pairs as I want to my one free bot, is it really that beneficial to have single pair bots with more specific settings for each coin? Or are there other benefits I am not seeing yet?
Started late Friday night with $500. Setup 4 pairs with similar settings to most: TTP: 1.5%, 0.2, BO: 10 USD, SO: 10 USD, SOS: 2.4%, OS: 1.05, SS: 1.0. 20 safety orders max.
I am setup with Binance.us. I went ahead and bought $25 of BNB, so I think my fees are 0.0750% / 0.0750%....but reading other exchanges fees, I think I am missing something because that seems really low. Anyone know if that is accurate?
I didn't really get much done the first 2-3 days. SOL was stuck with the "Invalid order params: 'MIN_NOTIONAL'" error, 2 of the pairs weren't moving, so I only had one that closed any deals. I manually got rid of SOL on Saturday and added a different pair, and as of this morning I had $3.75 profit, but never had more than $150 being "used", so I made some adjustments this morning.
I opted for more pairs, up to 10 now. I increased my buy order / safety order to $10.25 and lowered trailing to .1, I can't quite figure out the error (Also happening with LINK) but it seems to be something with the $10 minimum order and fees (Or maybe timing, not closing fast enough?), so hoping this eliminates it. I also lowered the number of safety orders to 10 so I don't chase something down and get my limited funds stuck in 1 pair/coin.
Since those changes I have had $1.50 in profit for a total of $5.25. Seems irrelevant, but really I have only put (at most) $150 at risk and this is me testing the waters so I am happy with that. I am shooting for 1% per day for some supplemental income, and the ~7 hours since I made the changes I achieved that; as others mentioned the key seems to be spreading out across pairs (and having the funds to support/dca large moves down).
If anyone else is in the same boat as me (Small bank roll, testing the waters) I would suggest spreading out across 10-15 pairs and lowering your number of safety orders. This isn't ideal per the videos, but it does allow you to get "More action" as you will be seeing your deals close and getting profit instead of waiting for the day one of your 2-4 coins start moving. I picked coins with basically no real strategy (Never done crypto): 4 that I recognized, 4 that looked like they were down from 6 months ago, and 2 that I liked the name/icon.
It is strangely fun and a bit addicting. Definitely going to have to be careful with this. I plan to watch a few more days and then move some more funds in to get up to 40 pairs + increased order amounts.
Thanks for sharing, really enjoyed it so far. One thing I am not quite sure on: what is the point of a subscription in my circumstance? It seems I can add as many pairs as I want to my one free bot, is it really that beneficial to have single pair bots with more specific settings for each coin? Or are there other benefits I am not seeing yet?
Posted on 11/8/21 at 3:42 pm to LSU Delirium
quote:
anyone else is in the same boat as me (Small bank roll, testing the waters) I would suggest spreading out across 10-15 pairs and lowering your number of safety orders.
You and I are doing the same thing here. Proof of concept with small balances to test the waters. I did exactly what you presented there and it was a bad idea. half of the coins sunk really deep, and without a decent number of safety orders and SO price being higher than the BO price they would not DCA down. Some them ended up needing 20% pumps just to get back to close the deal. I ended up closing most of them at a loss and keeping only 5 coins, BO 10 SO 23, 7 max safety orders, and I set TP at .75 to encourage faster closures.
I've made up all of the losses and my net since starting Wednesday is +$14.78, half of that today alone (since 7p last night)
Posted on 11/8/21 at 3:46 pm to TigerFanatic99
Appreciate that, the settings are definitely something I need to dig a bit more into and my suggestion was for the folks earlier in the thread saying "I haven't closed any deals, this is boring!". Not a long term strategy, just so you aren't risking a bunch and can actually see the bot working/closing deals.
What coins are you in? Since Friday, the most SO's I have had is 4.
What coins are you in? Since Friday, the most SO's I have had is 4.
This post was edited on 11/8/21 at 3:47 pm
Posted on 11/8/21 at 3:53 pm to LSU Delirium
Another option if you have a paid 3commas subscription or if you are using FTX is paper trading. You can papertrade on 3commas to try different settings/pairs to see how different strategies would work for you.
I will say, however, that it starts you out with $509,000 and I can't figure out how to reduce that to get the account more inline with what I would be trading.
I will say, however, that it starts you out with $509,000 and I can't figure out how to reduce that to get the account more inline with what I would be trading.
Posted on 11/8/21 at 6:02 pm to Tadey
$357 today. Most closes today LRC, UMA, BAT, BOND. All USD pairs.
Posted on 11/8/21 at 6:18 pm to TigerFanatic99
20 safety orders at 2% is 40%. The weighted scale I forget what the term is called you set at 1.05 it would be 5% increase each time, A 5% increase 20 times is 100% so your last order will be 2x your first.
Posted on 11/8/21 at 6:19 pm to tigerfan311
$378 today. Looks like BAT, VET and OXT were the big winners for me. NEO finally cleared. Still have 16k worth of ADA and 6k worth of FIL that needs to clear big time!
Posted on 11/9/21 at 6:00 am to mach316
ADA finally decided to wake up! Bot has been stuck for two months.
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