re: Crypto Trading Bots

On my paper training account I did some experiments with take profit deviations. I was for sure that a lower take profit would be more profitable, thinking that they would just execute trade after trade, but I guess there’s slippage and a small time delay.

In between the trades I have the percent increase in requested take profit, and percent increase in actual take profit. Of the next level

Mana 12/11 BO 10, SO 20, #SO 20, SOS 1.1.

.06 334 trades made 5.81
66%, 54%
.1. 286 trades made 8.96
200%, 155%
.3 197 trades made 22.91
233%, 93%
1% 58 trades 44.19

Then I wanted to do one with bitcoin, because I knew it had more narrow trading range.
Btc created 12/17 BO 10, SO 20, #SO 20, SOS 1.1.
.3~ 45 trades, $3.22
233% increase TP = 57% more
1.0 ~14, $5.07
50%,25%
1.5~ 10, 6.36
100,-18%
3~ 4, 5.16

Looks like most efficient TP may be some where around 1.5
I’m going to start 5 more with etherium at
1 ,1.25, 1.75, 2, and 2.5

I've got 10-12 bots on about 2500 invested. as I'm increasing my total account i'm updating my BO amounts to be about 1% of total and doubling the SO amounts. I've gone from 5-10 in profit per day to 15-20. I'd love to get $1 per trade but I just don't have the bank roll for that. I guess I could reduce the number of bots but I fee like this whole bot thing needs as many different currencies working at once to maximize profits.

eta: to clarify, I'll up my BO once I cross the 3k mark from $20 to $30 and double the SOs accordingly. my take profit is set at 1.25%

Thanks for the post. Looks like we are in a similar place. I have $2800 and looking to add more and adjust accordingly.

How did others scale up? I'm thinking changing my BO from 10 to 15, my SO from 20 to 30 and keeping everything else the same.

And do I have to disable/re-enable those changes to get them going?

Thanks.

Do you know if the profit 3commas shows is net of fees?

quote:

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I'm pretty sure the bot takes your fees into account when taking profit. So if your fees are .2% (for example) and your TP is at 1.25%, the bot will TP at 1.45%. That's how I understand it, but I hope somebody more sure than I am chimes in

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That's what the 3commas support page says:

quote:

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Yes, exchange fees to open and close deals are included in the bot targets and safety order price calculations (excluding Grid bots). You can see your Take Profit order slightly higher because of it.

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I'm on a smaller scale but about the same %. I'm in for about a month with $3800 in and my account is sitting at $3780. Some bots are up to 15 SOs but most are in the single digits.

I'm waiting on a turnaround and trusting DCA to come through. And looking to add more $ and bots since the market is down and I have a bit of cash available.

I switched all of my bots to manual restart, so they are gradually shutting down. I'll restart them soon, but I want to grab some of those profits.

In hindsight, I had too many bots running for the capital I had invested. I've had a rough month or so.

Thank you LordSaintly, food for thought.

I've changed my strategy to try to hit the $1 target. Reduced my SOs to only 5, but my step scale to 1.5, still covers me on downside to 40% just not as many buys. I also went to 50BO, 60SO with 1.05 SO volume. PT is 2% which puts me at $1. I'm only running 2 bots like this at the moment for testing.

I created a calculator to show me what the target price would be based on my SO amount, when it was bought etc.. This seemed like best bang for my buck. Still tweaking it.