re: Crypto Trading Bots

I've got the 3commas free account, one DCA bot running 8 different coins. BinanceUS is the only market I have attached. There definitely is not a 5 coin limit any more.

Nice.

I will also say, however, that I have a free account and I have 2 bots going using FTX and I don't have a 3commas pro account. Just if anyone else is interested.

quote:

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Coinbase pro fees up to $10k - maker/taker both .5%
FTX - maker .1% / taker .4%

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So with coin base you have to put your profit takes at over 1% at least or you won’t make any money right?

I already have a kraken, three commas and kraken say they allow API bots. fees are 0 to .26%

From reading this, I went and started my own. Using the free plan for now with 1 composite bot trading 5 pairs and allowing 5 deals at a time with 20 SOs like stated. It's performing really well. It's underfunded, I only put 1250 with buy/so set to $10, that could potentially be 210 per bot, so only slightly underfunded.

My question is what is the advantage of the single bots over the composite? The only thing i see is no place to set a trailing deviation in the composite bot. Are there any other differences?

All my pairs are USDT

IOTX, XYO, XTZ, DREAMS, MANA

I agree. I have 3 bots that are running at different setting than all my others. BTC, ETH, and ADA are all running 250/250 with 10 safety orders. I did this because they are more stable, and usually don’t make the big swings like the others. Of course ADA has bit me in the arse lately, but it’s usually late to the party anyway. Will be a nice profit when it finally sells.

My friend that I originally asked to try the bots to see if it was legit, has some crazy settings. I say crazy, but they are actually pretty safe when u look at it closer. Now he does have big bankroll to play with, so he swings for the fence. He makes way more than I do. His bots are set at 1500/1500 with only 3 safety orders at 5% intervals. The big difference is the safety order volume scale. He sets his at 2. That really brings your average down, and your price way up! When the market is rollin, he is definitely killing it. Of course his bots have maxed out and he had to add more money to DCA them down further.

I’ve thought about doin something similar on a smaller scale, but just haven’t convinced myself to do it yet.

Nice return on a flat day. Congrats!

It is more difficult than it appears at first. My bots executed zero deals today and all 8 coins I have in it are between 3 and 12% down right now. My account is still flat at $250 where it started on Wednesday though because of the $8 profit it made Wednesday and Thursday. I have to think these will recover over the weekend into early next week and it'll get back on track. We'll see.

I know what my biggest problem is. Because I am running 8 coins I can only have 2 SOs max per coin with only $250 in funding. That doesn't allow for very much DCA as they drop, so the uphill hike to get back to the tp is highers than it would be if I had 5 or 10 SOs max.

It's a proof of concept for me to convince the wife to let me dump more of our savings into it. It's just an uphill battle with the minimal funds.

If I had confidence in just one or two coins activity I would drop the other 6 and increase their max SOs.

Has anybody tried taking profits at a lower percent like .25 or .5? Why search for 1 or 1.5 percent? Isn’t that the point of bots that they can execute these trades so fast, and .25 gains are seen a lot more often than 1.25, so let them do their thing and execute more often?