re: Crypto Trading Bots

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Curious to see how you do. Mine are all stuck. I plan to create more bots when bitcoin reaches the 30k level. Hate to miss the ride back up.

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Once mine all got bogged down and I ran out of $ to keep placing safety orders, I started switching one or two at a time to experiment with a short bot. Market was plunging so they stated completing deals pretty fast.

I have a $2000 account with about 10 bots running. With the shorts I switched it to $10 starting orders with $15-$20 safety orders depending on the coin. Set the stop loss pretty low(6-10%) and that also triggers the bot to stop.

Its interesting. Just a learning thing really for me at least.

*Just checked most of my 6% stop loss bots went kaputz this morning. Not enough tolerance I guess

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Only one not stuck is MKR,

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One more than me lol. All my short bots bit the dust on stop losses today. My settings were probably not ideal.

How's everyone been doing? I've got about 10-15 of my bots maxed out at 20 or 25 trades. Lot of red out there

Debating on closing them all and resetting them to catch the ride back up. Down about ~30% at the moment.

Dead in the water. Yay.

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Dumb question for those who have done this longer: is there any reason to use Tether (USDT) in trading pairs instead of USD? As far as I can tell on Coinbase there is no difference in the commission rate, but if I look at a lot of the popular bots on 3Commas they are using USDT.

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That's the only reason I use Tether. There are just more trading pairs for it (from what I can tell).

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I had about half of mine take profit this week, other half still 20% out. I moved all my volume scales to 1.1, and order scale to 1.05, this will sustain a 33% drop.

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You could just cancel the bot deals that are stuck.

Start fresh with new deals
The holdings from the cancelled bot deals will remain on whatever platform you use.

Pros:
you start fresh and get bots earning again
you add to your crypto portfolio

Cons: will lower your available cash if that’s an issue

This is a great thread! I couldn't sleep the other night and was perusing the Money board and decided to check it out and read all 27 pages and setup some accounts the next day. I'm sure the end of January was rough, but I think crypto will stay around this trading range for the near term and it seems like bots could be pretty useful in a choppy markets.

Anybody using Cryptohopper? I've setup trial accounts on both it and 3commas. I just setup the 3commas account last night, so I'm still feeling my way around it.

So far, it seems like Cryptohopper gives you more options for buy triggers. I only see some preset TA triggers for buy signals on 3commas, wheras CH allows you to use just about any technical analysis to signal buys.

Are most of you guys just using buy asap?

I also like that Cryptohopper lets you run up to 15 coins in the same "hopper". Am I correct that with 3commas you setup a bot for each coin you want to trade?

I saw a video where someone was talking about 3commas letting you do a take profit with only part of a position, which was really intriguing to me. Has anyone set their bots up to do this? Example, sell 50% of the position at 2% up. I don't see how to set this up, though.

I see what you are saying, that’s a good idea. I am not sure I discern the difference between cancel which is the red button with the eye in a slash through it, and the cancel button that is a bar graph, that cancels the trade and moves the assets to smart trade. It sounds like what you’re saying the Reds cancel button doesn’t close the position either but where does it go?

What you boys doing for taxes? Doesn’t seem FTX or Coinbase have tax statements made up. Do we just report capital gains on our “profit” from 3Commas?