re: Crypto Trading Bots

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What are your thoughts on lowering the profit take to 1% instead of 1.25 or 1.5? Wouldn't that cause more trades to initiate over the long haul, generating more overall profits? smaller chunks more often. I don't see that talked about anywhere so I'm obviously missing something.

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I had mine at 1% for a while, but with the market being pretty bullish right now, I've increased it to 1.25. Trade alts just put out a new video this weekend showing some tweaks he has made to his original videos. He's taking profits at 3%. There's really no right answer. I know I want my bots taking profit, and opening another trade ASAP. I leave the trailing deviation on to capture any big runs of 2,3,5% that some of these alts do. The trailing deviation is set at .2% by default. That means it will continue to follow the price up, until the price drops .2%, it will then take profits. For instance, ADA runs up to 1.8%, your sell order is at 1%. Your sell order will follow follow the price all the way up to 1.8% until it drops .2%. So ultimately, you will make 1.6% profit.