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re: Crypto Trading Bots

Posted on 11/11/21 at 4:44 pm to
Posted by LordSaintly
Member since Dec 2005
40711 posts
Posted on 11/11/21 at 4:44 pm to
quote:

Can't you just run the bots that FTX allows through that exchange and then whatever extra ones you want through CB Pro? 3Commas allows use of multiple exchanges. Should save a good bit on fees for those ~20-30 bots I would assume?



Actually yes you're right. No need to limit to one exchange.

quote:

Is it really as simple though to just use a VPN to set up your Binance.US and get it linked to 3Commas and then after that do everything through 3Commas without it and your golden?


That's pretty much it, but if you live in Louisiana, I'd caution against circumventing Binance restrictions. I don't know what the penalties are if we get caught.
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/11/21 at 6:54 pm to
$301 today. I'll take it. At least the alts are moving fairly well while bitcoin continues to trade sideways.
Posted by tigerfan311
Baton Rouge, LA
Member since Apr 2009
875 posts
Posted on 11/11/21 at 7:35 pm to
$258. Realized I'm overextending. Turned all the bots off and only reactivated the 5 or so that are closing deals. Still have 48 deals open. Trying to get that closer to 20-25.
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
33003 posts
Posted on 11/11/21 at 7:50 pm to
ETH has started to trend back up, hopefully that is an indicator the other stable coins are going to regroup. Even DOGE has recovered by half of yesterday's bloodbath.

ETC is still deep in the shitter.
Posted by LSUStjames
Member since Dec 2005
3488 posts
Posted on 11/11/21 at 8:19 pm to
quote:

Nice! What deal start conditions are you using?


TV 1min Strong Buy
TV 5min Strong Buy
TV 1hour Buy
Posted by Aug1
Member since Nov 2013
79 posts
Posted on 11/11/21 at 8:24 pm to
Can you explain how those work? I don’t see much info on it.
Posted by sigsauer
LA
Member since Jan 2009
502 posts
Posted on 11/12/21 at 10:22 am to
Thanks, LSU777 and Lord, I didn't think of running a vpn for Binance. I plan on taking profit in fiat at first to reinvest for more bots. I was leaning towards FTX due to the discounts on trades, especially using 3Commas, with Kucoin probably my second choice.
Posted by DreauxB2015
Member since Nov 2015
7872 posts
Posted on 11/12/21 at 11:20 am to
Lets go Brandon!
Posted by lsu777
Lake Charles
Member since Jan 2004
35028 posts
Posted on 11/12/21 at 11:52 am to
the only downside to kucoin is that there are not nearly as many bots. other than that its the best Cex imo.
Posted by GumboPot
Member since Mar 2009
133819 posts
Posted on 11/12/21 at 1:15 pm to
Are you using any bots on KuCoin? I tried for a month by setting up a tight grid with XRP for about two weeks and didn't make much so I gave it up. But I think was due to the fact that XRP was just crabbing at the time.
Posted by lsu777
Lake Charles
Member since Jan 2004
35028 posts
Posted on 11/12/21 at 1:33 pm to
quote:

Are you using any bots on KuCoin? I tried for a month by setting up a tight grid with XRP for about two weeks and didn't make much so I gave it up. But I think was due to the fact that XRP was just crabbing at the time


personally at this time....no
Posted by Jjdoc
Cali
Member since Mar 2016
54844 posts
Posted on 11/12/21 at 7:27 pm to
I do some mining and have always wanted to dip into this.


1- Does anybody know If I can mine directly to FTX?

2- Have any of you moved to a lesser profit to maybe work faster? I could be wrong, but it would seem tome that taking profit in .5% would turn the trades faster and lock in profits at a higher rate.


Good stuff though.



Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/12/21 at 8:40 pm to
$239 today. Not terrible. Need that weekend bump to clear some of these bots!

quote:

Have any of you moved to a lesser profit to maybe work faster? I could be wrong, but it would seem tome that taking profit in .5% would turn the trades faster and lock in profits at a higher rate.



I believe in one of the videos he said that some people do use .8% I'm sure you can use whatever, but you have to take the fees into consideration.
This post was edited on 11/12/21 at 8:41 pm
Posted by Jjdoc
Cali
Member since Mar 2016
54844 posts
Posted on 11/12/21 at 9:56 pm to
quote:

quote:
Have any of you moved to a lesser profit to maybe work faster? I could be wrong, but it would seem tome that taking profit in .5% would turn the trades faster and lock in profits at a higher rate.



I believe in one of the videos he said that some people do use .8% I'm sure you can use whatever, but you have to take the fees into consideration.





Here's what I am seeing. If I place a 1.5% profit take, it's never at that. In some cases almost 2%. Most cases 1.8%


I have also seen a lot of bots not do anything for 12 hours. etc. Smaller profit setting, in my mind, could solve that.

quote:

$239 today. Not terrible. Need that weekend bump to clear some of these bots!


Not to get personal, but would you share how many bots and investment you are working with?
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/13/21 at 6:55 am to
quote:

Here's what I am seeing. If I place a 1.5% profit take, it's never at that. In some cases almost 2%. Most cases 1.8%


This is why I like the trailing deviation at .2% There are times that having trailing deviation on can actually hurt you. If you wick to your sell price, and the price immediately drops, you will sell below your TPP. After watching it for months, I believe I make more money with it on. Again, there is no wrong way to set these up. If you want your bots popping off more often, then a smaller TPP would definitely do that.

quote:

Not to get personal, but would you share how many bots and investment you are working with?


52 active bots with 107k running them as of today. Started with about 70k in August.
Posted by Rust Cohle
Baton rouge
Member since Mar 2014
2111 posts
Posted on 11/13/21 at 8:13 am to
The bots take in account for fees.
LINK
This is why your orders are executing higher than your take profit.
If you set your take profit at 1% on coin base a 2% gain is actually needed to take profit.

What I have been asking is why not set these at .1% or .25% and let them rip?
I have some set up like this on kucoin and the one I have at .1% executed three times in the last 20 minutes and one was two minutes after.

One question I have about the trailing take profit is that I notice it doesn’t enter a take profit order on the execution book what’s up with that?
This post was edited on 11/13/21 at 8:43 am
Posted by tigerfan311
Baton Rouge, LA
Member since Apr 2009
875 posts
Posted on 11/13/21 at 8:35 am to
quote:

52 active bots with 107k running them as of today. Started with about 70k in August.


I tried to run 50 bots with $17.5k. It…did not work. Haha. As soon as the drop hit I was dead.

Turned off all 50 and only reactivated the 10 that consistently were closing deals.

Only problem is I still have about 35 bots waiting to close…
Posted by cforester821
Unofficial TD Multimedia Guy
Member since Jun 2014
1614 posts
Posted on 11/13/21 at 9:15 am to
What settings are y’all using to start a new trade?

The issue I’m running into with the “start new trade immediately” setting is that when the coin pumps, then dips, I have to wait days for that coin to pump again to close out a single deal.

It seems that a delay in Starting a new trade after a big pump would be beneficial.
This post was edited on 11/13/21 at 9:16 am
Posted by Rust Cohle
Baton rouge
Member since Mar 2014
2111 posts
Posted on 11/13/21 at 10:43 am to
I guess my thinking is that you want to make your bot efficient in all scenarios, and your active time proportional to your volume, so that the longer it runs the more volume you acquire, and once it does hit your profit would be the same as if it was just taking profit multiple times with the initial order.

You want to be as close to the current price as possible. If you find that you have half of your safety orders hit and are down more than 5% then I might would increase the volume scale. That’s why increasing volume scale, and having narrow safety orders are important.


This post was edited on 11/13/21 at 10:44 am
Posted by Jjdoc
Cali
Member since Mar 2016
54844 posts
Posted on 11/13/21 at 10:57 am to
quote:

52 active bots with 107k running them as of today. Started with about 70k in August.


That gives me a reference point on what's needed
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