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re: Crypto Trading Bots

Posted on 11/13/21 at 11:01 am to
Posted by Jjdoc
Cali
Member since Mar 2016
54848 posts
Posted on 11/13/21 at 11:01 am to
I have not seen it in this thread, and I wish the OP will take the responses from this question and add it to the op...


What are the top wallet/exchanges that work with this?


I ask because not all coins are available on FTX US.

Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/13/21 at 12:08 pm to
There are millions of ways to set them. It may be more beneficial to have them set up to be more active by scalping smaller profits if your funds are limited. I admit that having more money involved, that I have an advantage of being able to handle pull backs better than most. I welcome reasonable pullbacks, because my payoff is so much more when it finally clears. Again, I followed Trade Alts setting almost to the letter, and its worked well for me, but even the deep pullbacks will run through my money pretty fast.

The next setting I will change will be the safety order volume scale to 1.06-1.1. This is actually more beneficial in getting you DCA down more. He covered this well in his last video.

Trade Alts
Posted by TigerMan327
Elsewhere
Member since Feb 2011
5820 posts
Posted on 11/13/21 at 1:42 pm to
Binance US

If in Louisiana FTX US works but is limited
To the coins you can use. You’ll end up using coinbasePro for more bots
Posted by supadave3
Houston, TX
Member since Dec 2005
31190 posts
Posted on 11/14/21 at 7:02 am to
Would this be worth doing if I only have an initial ‘purse’ of say $1000?
Posted by cforester821
Unofficial TD Multimedia Guy
Member since Jun 2014
1614 posts
Posted on 11/14/21 at 8:24 am to
quote:

Would this be worth doing if I only have an initial ‘purse’ of say $1000?


I’m working with 2000 and have made 150 in about a week.

Don’t expect huge gains in a short period, but over time small gains will add up.
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/14/21 at 8:35 am to
quote:

Don’t expect huge gains in a short period, but over time small gains will add up.


This guy gets it!
Posted by tigerfan311
Baton Rouge, LA
Member since Apr 2009
875 posts
Posted on 11/14/21 at 3:54 pm to
Yes. Just start with 1-2 bots with minimum buy ins. Learn how everything works, and more importantly what doesn’t.

My mistakes have helped me figure things out, so I feel I can be successful once my funds free up. I view any losses taken as R&D.
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5433 posts
Posted on 11/14/21 at 4:18 pm to
Does it seem that sundays are usually red? Do a lot of buys or sells trigger on sundays more than other?
Posted by Jjdoc
Cali
Member since Mar 2016
54848 posts
Posted on 11/14/21 at 5:09 pm to
I don't think this has been talked about in this thread yet.


I'm going to use the LTC/USD pair as an example.

- I have it set to pay out on the trades in USD.

- It never pays out in USD.

- It ALWAYS places the coins in my wallet.


This happens with EVERY coin I trade. Over night, it results in small losses or tied up funds. I have to manually set up a sale in FTX US. I have to go in and convert it every time.


Anybody else with this issue?




Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/14/21 at 9:33 pm to
Not sure what your settings are, but this may help from 3Commas

When 'Quote currency' is active, the bot will make profits in the currency that stands in the right side of the pair. ETH/BTC, NEO/BTC, ADA/BTC will take profit in BTC.
When 'Base currency' is active, the bot will make profits in the currency that stands in the left side of the pair. ETH/BTC - profit taken in ETH; XRP/BTX - profit taken in XRP; ADA/USDT profit taken in ADA and so on.
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4898 posts
Posted on 11/14/21 at 9:39 pm to
quote:


Does it seem that sundays are usually red? Do a lot of buys or sells trigger on sundays more than other?


Usually Saturdays are better than Sundays from my experience.
Posted by LordSaintly
Member since Dec 2005
40713 posts
Posted on 11/15/21 at 2:02 am to
Yeah, today wasn’t a great day for the bots. Just 6 bucks. I usually do $20-30 per day.

Sunday’s are a little slow I think.
Posted by Jjdoc
Cali
Member since Mar 2016
54848 posts
Posted on 11/15/21 at 8:14 am to
quote:

Not sure what your settings are, but this may help from 3Commas

When 'Quote currency' is active, the bot will make profits in the currency that stands in the right side of the pair. ETH/BTC, NEO/BTC, ADA/BTC will take profit in BTC.



Yes. The "button" says it as plain as day "Quote(USD)" or "Base(LTC)" Quote is selected

Woke up to 4 different bots placing coins in the wallet.
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26009 posts
Posted on 11/15/21 at 12:53 pm to
Im finally getting around to reading this and its fascinating. I want to get in but i have so many questions. I intend to watch the videos with my limited free time throughout the week, but maybe you folks can help with two questions right off the bat.


If I sell a large part of my holdings to fund this, lets say 25k worth, wouldnt I need to get about 10k profit from this just to pay off the capital gains from that initial selloff?


#2 Can you take wallets you already have and tranfers them into this equation? If I already have link, for instance
Posted by Jjdoc
Cali
Member since Mar 2016
54848 posts
Posted on 11/15/21 at 1:06 pm to
Ok, there is something wrong with FTX US... I confirmed it with the downloaded history and proved it to them on telegram with photo proof. They then sent me to support to start a ticket and there has been no response.


1- Bot closed a deal at 2 AM.
2- Bot opens new trade for profit and a buy support.
3- over the next 8 hours, the sell for profit should have been triggered. It was not. It showed the sell order too.

4- I screen shot the FTX US website on a 15 minute chart showing the current time. It passed... not met... went past it 3 times on the 15 minute chart. It never filled.


5- Downloaded from FTX US the order history. There it is.... Order to sell plain as day over 8 hours.


That explains some other things I have seen. So, I am going to set up with a few other exchanges/wallets.



So... FTX US.... WATCH your trades.



Let me add this:

I can show each bot showing profit if somebody can tell me where to host the photos that work here.

Yet due to FTX US and whatever that issue is, I'm actually even. 8 Bots... Profit is there.. I'm even


Anybody else using FTX US?

This post was edited on 11/15/21 at 2:06 pm
Posted by LordSaintly
Member since Dec 2005
40713 posts
Posted on 11/15/21 at 2:03 pm to
quote:


If I sell a large part of my holdings to fund this, lets say 25k worth, wouldnt I need to get about 10k profit from this just to pay off the capital gains from that initial selloff?



The exact percentage depends on your tax bracket but yeah I assume so. I personally would set that 10K aside instead of putting it in the bots.
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26009 posts
Posted on 11/15/21 at 2:07 pm to
Gotcha. I mean the idea being that you'd earn more profit off of the 10k by the time it came down to pay it out, right?

But you could *potentially* lose it, too, I guess
Posted by LordSaintly
Member since Dec 2005
40713 posts
Posted on 11/15/21 at 3:05 pm to
quote:

I mean the idea being that you'd earn more profit off of the 10k by the time it came down to pay it out, right?


Yeah that 10K would get you some nice profits.

quote:

But you could *potentially* lose it, too, I guess


That's my thinking. You technically don't lose money until you sell at a loss, but you wouldn't want your funds tied up like that.

Posted by LSU Delirium
Member since Aug 2013
481 posts
Posted on 11/15/21 at 4:10 pm to
I’m not a CPA, and maybe I’m misunderstanding, but if you sold $25k you wouldn’t be taxed $10k…you would be taxed ~30% of what you gained on those assets (and that’s assuming you bought them <1 year ago).

So if you bought $10k of whatever in January, and sold it today for $25k, you would owe the taxman ~30% of the $15k you made, or roughly $5k.

Again, I’m not qualified to actually advise you on your taxes.
This post was edited on 11/15/21 at 4:12 pm
Posted by LSUStjames
Member since Dec 2005
3489 posts
Posted on 11/15/21 at 5:10 pm to
quote:

#2 Can you take wallets you already have and tranfers them into this equation? If I already have link, for instance


Yes, that's what I did. I used BNB from selling some Gamecoin, sent it to KuCoin, sold it for USDT and away I went. BNB transfer fees were cheap, not sure about LINK. You can swap to XLM first if needed, cost me .01 to tranfer from Coinbase to KuCoin with XLM.
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