Crypto Trading Bots

I’m up about 30% since February using Humbl investing in block 5.

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Do they set your bots for you, or do you have control over the settings?

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The bot is preset but there are different algorithms you can choose from.

The biggest downside is that the crypto asset allocation is managed through individual, independent trades with the associated tax liability. There is no ETF or mutual fund of crypto that I’m aware of.

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As long as the market doesn't crash to zero, I will make money. That's the beauty of these things.

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I started doing research on crypto bots recently.

You're right: it's VERY hard to lose money on these things if your settings are right and if you have enough money to cover your safety orders.

In the video I watched, the guy had 40 DCA bots that were 20-25 safety orders deep (using 3Commas). It would take a market-wide catastrophe for him to lose money.

You are probably referring to the same videos that got me interested in it. It does work. I started small, and it worked as advertised. I ended up selling some crypto to run the 51 bots I have running now. This completely takes out the guesswork of timing the market. The real beauty is that this thing trades 24/7/365.

I have mine set to where I can handle a 50% drop in each bot, and still be able to DCA all the way down. Yes there are days where volatility is low and I won't make as much that day or week, but on average, it has produced $300/day. Yesterday was a good day with a profit of over 1k. Today, I am already at $277 in profits with about 7 hours left in the day.

I don't have to watch the market near as close as I used to do. I just let em run, and they do all the work. Drops in cypto prices don't stress me near as much as it used too. Of course I still keep up with it because I am invested heavily in crypto stocks. The only drawback will be the short term gains that will have to be paid.

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How did you get educated on which bots are available, setting them up, etc.?

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This was the guide I used

Yeah it was the Trade Alts channel. It's good stuff.

I'm considering liquidating some crypto and stocks so that I can fund the bots. I still need to do more research first and I need to start with small amounts just like you did.

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The only drawback will be the short term gains that will have to be paid.

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You're right about that.

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I want explicit details about your set up

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I listed the settings that I use above, but I will walk through, and explain the best way I can, what it all means. I'm no expert, so what I do may not be the best settings for everybody. These are the settings that are fairly safe, and have brought consistent returns over the past 3 months.

To start, I trade in USD pairs. You can trade in BTC, USDC, USDT, BUSD. The reason I trade in USD is because I can transfer cash into my BinanceUS account straight from my checking account with no fees. I can also withdraw USD with no penalty. Once I have built enough cash value to run my bots effectively, I will start to take some profits off the table. Hopefully I can start taking biweekly or monthly draws off the profits made. I looking at this as just supplemental income as described in the video above. If you would rather being paid in crypto instead of USD, you can do that as well.

There are about 50 or so USD pairs to choose from. I have a bot running for every pair available. I don't care what the coin is. I don't really care if its more stable like BTC or ETH, or just a shite coin. As long as it fluctuates, and doesn't crash to zero, I'm good with it. Actually, some of my better performers have been the shitcoins.

Now for the settings:

Buy order $100 (Your initial investment, can be as little as $10)

Safety order $100 (This is your follow up amount invested if the price goes down, can be as little as $10)

Take profit 1.25% (This is how much the price has to go up for me to take profit, most people stay around 1-2%)

Trailing deviation on (I leave this on so I can take advantage of major moves to the upside. For instance, say litecoin runs up 3% in one sudden move, trailing deviation will let you take profit at that higher percentage than the 1.25%)

Max safety orders 20 (Amount of safety orders i want my bot to purchase)

Price deviation safety order 2.5% (This is how much the price has to drop before my bot purchases more)

Safety order volume scale 1.05 (This one is how much % is added to each safety order. At 1.05, it will add 5% to each safety order placed. That means each safety order gets bigger and bigger bringing your DCA down)

No stop loss (I like my bots to continue to buy down no matter how much they drop. I don't want to take a loss on something that could turn around when the market moves back up. Of course this is debatable)




So with these settings above, I am prepared to handle a 50% pullback, and my bots will still be able to run. You can set your bots to handle up to a 90% pullback if you want. It's all up to your risk tolerance.

After trading crypto since 2017 I have realized that I can't time this market very well. If BTC moves up 15% and then drops 15% the next week, I made zero money. Using the bots, I do make money on these moves that I otherwise wouldn't have.

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Do you have enough funds to cover all of your bots in case the safety orders go too deep?

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Not really. I think each bot would cost $3,400 each if maxed out. I don't have 173k in my account to cover that, but the likelihood that all my bots go 20 sell orders deep at one time is unlikely. If all my money is drained from my account to fund the bots, I will just receive an error when they try to put in a safety order. This has happened before. Doesn't mean I lose that money. It just means that it may sit there a while till the price recovers. It did this in September for a while but has since recovered nicely. You definitely want as many safety orders in as you can. That means a bigger payout when it hits.

With a small bank roll, a $10 buy in and $10 safety orders will still make money.

Damnit I can’t use Binance.US


CT doesn’t allow it yet. What else can I use. I was just following the 3commas website

Is FTX any good?

Intresting...will have to check this out later