re: Crypto Trading Bots

I don't want to derail the thread on crypto platforms but I use Voyager as my crypto trading platform. Are there any major cons to using Voyager with a bot trading strategy like this?

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What's your definition of a small bank roll?

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3 Comma's actually has a free version that you can trade from. You can make one composite bot that allows you to trade 5 different cryptos. This is how I started just to see if it worked. As far as the amount of money depends on how many safety orders you will be comfortable with.

In this scenario, this bot could ultimately cost you $136 if it completely maxed out. Of course the returns wont be mind blowing, but if you have a bunch of them running, you could make decent money. Again, the odds of all your bots filling all the safety orders at one time is slim.

Buy order $10
Safety order $10
Number of safety orders at 10 with a price deviation at 2.5%
Safety order volume scale at 1.05

i joined the Trade Alts discord server and folks are recommending kucoin. Apparently you can use it "unverified" and they limit you to 1 BTC withdrawal limit per day.

Also are you sure you can't use FTX in CT? I thought the only state I saw restricted was New York. Not sure though.

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kucoin

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"The United States has strict regulations for cryptocurrency exchanges, and KuCoin is not licensed to operate in the states. If you live in the U.S, you may be tempted to use KuCoin without completing the KYC verification. You'd have restrictions on how much you could withdraw, and how much leverage you could access.

There are a couple of risks here. First, if the U.S. cracks down on people accessing unlicensed exchanges, your assets might get frozen. Second, KuCoin doesn't offer the same support to unverified accounts in the case of hacking, fraud, or theft. So proceed with caution if you're a U.S.-based user."

Need to get the boys running on fantom and matic defi aps

How much money do you guys have in the trading accounts?

I'm using a relatively small account for now ($1,000). I need to spend more time learning the system. I'll report back my findings.

I have quite a bit in this account to cover a lot of it. My plan was to adjust things as needed depending on the market. I personally think bitcoin will be pushing 100k by the end of January. If it does this, I will adjust my bots accordingly. Of course I could be wrong and we nose dive from here, but unless it’s a black swan type event, it will gradually trend down which should clear my bots. There is also a smart trade feature where you can add funds to a bot after all the safety orders have filled to bring your DCA down even further. There is also a “short” feature that you can switch the bots too, but I haven’t played with this. I’m overall bullish till the first of next year.

Could I run my bots to where they are fully covered all the way down? I could, but what ends up happening is that a lot of money just sits on the sideline not making anything. I noticed this when I started using these bots. When/if bitcoin hits triple digits, I will definitely decrease my buy and safety orders down. Will probably increase the number of safety trades as well. There’s really no perfect way to set them. I’m always adjusting them trying to find the sweet spot I’m comfortable with.

I’m typing this at work so I may not have made myself real clear :(

I was around for the he 2018 crash which saw most coins experience a 95% correction. Haha. I under times are different now with institutional money in the game, but you never know.

Thanks for the explanation Mach. I will look into this some more. It sounds interesting.