re: Crypto Trading Bots

quote:

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Do you have enough funds to cover all of your bots in case the safety orders go too deep?

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Not really. I think each bot would cost $3,400 each if maxed out. I don't have 173k in my account to cover that, but the likelihood that all my bots go 20 sell orders deep at one time is unlikely. If all my money is drained from my account to fund the bots, I will just receive an error when they try to put in a safety order. This has happened before. Doesn't mean I lose that money. It just means that it may sit there a while till the price recovers. It did this in September for a while but has since recovered nicely. You definitely want as many safety orders in as you can. That means a bigger payout when it hits.

With a small bank roll, a $10 buy in and $10 safety orders will still make money.