re: Crypto Trading Bots

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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.