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Message
re: Crypto Trading Bots
Posted on 11/23/21 at 1:30 pm to TigerMan327
Posted on 11/23/21 at 1:30 pm to TigerMan327
It's because your balance is showing unrealized gains/losses. Your bots that are "stuck" are down, therefore your balance is down.
I've got approximately $15k of my $22.5k "stuck"and showing ~$5k in losses if I would liquidate them all now. These were bots that I set up wrong, and that purchased at a coins absolute high when bitcoin got to $70l. It sucks, but it is what it is.
So my balance is at $22.5K even though I've banked $5k in profit since I began. Like Mach said, once Bitcoin rallies, things should clear up.
I've got approximately $15k of my $22.5k "stuck"and showing ~$5k in losses if I would liquidate them all now. These were bots that I set up wrong, and that purchased at a coins absolute high when bitcoin got to $70l. It sucks, but it is what it is.
So my balance is at $22.5K even though I've banked $5k in profit since I began. Like Mach said, once Bitcoin rallies, things should clear up.
0
Posted on 11/23/21 at 1:30 pm to TigerMan327
quote:I'm just getting started myself but the market has been sideways for the last 8-9 days so I guess you're not doing bad?
I've been in it for about 8-9 days.
Posted on 11/23/21 at 1:40 pm to TigerMan327
You are doing it right. Your balance and profit are never going to line up unless you stop your bot and let all your deals close.
If I start with $100 and by two coins for $10 a piece. One goes up 50% and I sell for $15, I have a profit of $5. The second goes down 70% and is now worth $3. My wallet will reflect a balance of $100 - $20 + $15 + $3 = $98.
Now do the above math with 20 bots and your average cost moving constantly.
If I start with $100 and by two coins for $10 a piece. One goes up 50% and I sell for $15, I have a profit of $5. The second goes down 70% and is now worth $3. My wallet will reflect a balance of $100 - $20 + $15 + $3 = $98.
Now do the above math with 20 bots and your average cost moving constantly.
Posted on 11/23/21 at 2:24 pm to TigerMan327
Like the others have said, your balance on the exchange you use will vary with fluctuations of the market. You’re making money on your trades, but the market has been down on a lot of the cryptos.
I had the same reaction as you at first lol. All part of the learning curve. Sounds like you’re doing it right.
I had the same reaction as you at first lol. All part of the learning curve. Sounds like you’re doing it right.
Posted on 11/23/21 at 3:09 pm to mach316
I gotcha guess I'll just keep on keeping on 
I'm about to start playing with the trailing deviation setting. I noticed you said you turned it on but what deviation are you at? 0.2?
I'm about to start playing with the trailing deviation setting. I noticed you said you turned it on but what deviation are you at? 0.2?
Posted on 11/23/21 at 3:59 pm to TigerMan327
I have played a little with it, but not enough to know what is right.
Initially I had 1.3% TTP and .2% trailing, and it seemed to be 50/50 on if it closed above or below 1.3%. I have been doing .1% training for a few days as I got tired of seeing deals close <1%. IMO having at least some is a good idea so it can chase things that are being pumped or moving a lot. I’ve had a few 2.5-3.5% TTP deals close on MANA and AMP over the last couple of days. I imagine if you had ONE today you would have had a few similar deals close.
I’m still easing into it, but the key (as mach has said) seems to be spreading out over enough pairs to catch the ones being pumped on a particular day, and enough funds to average down after the pump/upward trend in anticipation of the next one. TBD how deep that hole can get after that first pump to when the next occurs.
Initially I had 1.3% TTP and .2% trailing, and it seemed to be 50/50 on if it closed above or below 1.3%. I have been doing .1% training for a few days as I got tired of seeing deals close <1%. IMO having at least some is a good idea so it can chase things that are being pumped or moving a lot. I’ve had a few 2.5-3.5% TTP deals close on MANA and AMP over the last couple of days. I imagine if you had ONE today you would have had a few similar deals close.
I’m still easing into it, but the key (as mach has said) seems to be spreading out over enough pairs to catch the ones being pumped on a particular day, and enough funds to average down after the pump/upward trend in anticipation of the next one. TBD how deep that hole can get after that first pump to when the next occurs.
This post was edited on 11/23/21 at 4:01 pm
Posted on 11/23/21 at 5:31 pm to TigerMan327
I’m at .2% on trailing deviation. I have my TPP at 1.25%. IMO trailing deviation helps me grab those big moves that Alts often get. Say AMP goes up 3%. Instead of taking profits at 1.25%, my sell order will trail up until the price drops .2%. So with this trade, I would have made 2.8%. The drawback to this is that if AMP goes up 1.25% and immediately falls back, it will sell at .2% less. My profit on this trade would be 1.05%
Now taking profits is not always an exact science. Sometimes It may make .09 or even lower if it can’t get the sell off in time, but most of the time it works as designed. This is why I moved my TPP to 1.25% from 1%. At BO of $100 and SO at $100, I should get at least $1 for every trade.
Now taking profits is not always an exact science. Sometimes It may make .09 or even lower if it can’t get the sell off in time, but most of the time it works as designed. This is why I moved my TPP to 1.25% from 1%. At BO of $100 and SO at $100, I should get at least $1 for every trade.
Posted on 11/23/21 at 7:05 pm to mach316
Coinbase Pro is down 
Posted on 11/23/21 at 8:22 pm to mach316
mach316 or anyone else,
Im working up to adding more and increasing the number of pairs I have. Any advice on which to choose. Im new to chart reading so best thing I can do right now not add a pair that's on the falling side of a peak. Of course, this may not matter once I have a bot for each, just trying to get there efficiently.
Trading alts guy mentioned not doing pairs with coins you don't wouldn't want to own out right.
Im working up to adding more and increasing the number of pairs I have. Any advice on which to choose. Im new to chart reading so best thing I can do right now not add a pair that's on the falling side of a peak. Of course, this may not matter once I have a bot for each, just trying to get there efficiently.
Trading alts guy mentioned not doing pairs with coins you don't wouldn't want to own out right.
Posted on 11/23/21 at 9:05 pm to horsesandbulls
I wish I knew the secret to picking the right coins. They all pump and dump so randomly that it’s hard to pick which ones are best. Of course Btc and Eth are considered more stable, but can sit motionless for days. This is why I have bots on all the USD pairs.
I guess one of the safer ways to play it is by market cap. Top coins would be less volatile.
I guess one of the safer ways to play it is by market cap. Top coins would be less volatile.
Posted on 11/23/21 at 9:40 pm to mach316
quote:
Top coins would be less volatile.
yeah i think my strategy will be to stick to the top 50 or so as I get used to these bots. Volatility appears to be key, but cyrpto has enough built in.
Posted on 11/23/21 at 9:47 pm to mach316
We all are realizing the importance of having plenty of safety orders
But I am also in the scenario of bots that had only 10% of safety orders, and down 20% and if I would double or triple down now I would be much closer to the current price than I would be by just dca’ing down. It takes away the passivity, but could be a strategy. Would be good when you see a support area to buy, or a resistance area at 3% up, but are down 3.5%, you would never hit your TP. But if you double your volume, your % down would half to 1.75 and hit the TP order.
But I am also in the scenario of bots that had only 10% of safety orders, and down 20% and if I would double or triple down now I would be much closer to the current price than I would be by just dca’ing down. It takes away the passivity, but could be a strategy. Would be good when you see a support area to buy, or a resistance area at 3% up, but are down 3.5%, you would never hit your TP. But if you double your volume, your % down would half to 1.75 and hit the TP order.
Posted on 11/24/21 at 6:31 am to horsesandbulls
I tried to be strategic, but in reality I probably could’ve thrown darts at a board and been in the same spot. My strategic coins were ones that I tried to stay in the top 50 for volume, add the pair when it seemed to be leveling off after a downward trend, and balance between adding stable coins and unknown coins.
I also picked some random ones at the beginning because I liked their icon (MANA, AMP) which have been my best pairs. Definitely a bit random it seems.
I also picked some random ones at the beginning because I liked their icon (MANA, AMP) which have been my best pairs. Definitely a bit random it seems.
Posted on 11/24/21 at 7:45 am to LSU Delirium
Good to know. I guess I won’t spend too much energy on making sure I choose the right one.
Mana has been going off this morning.
Mana has been going off this morning.
Posted on 11/24/21 at 12:21 pm to horsesandbulls
NFT type cryptos move inversely to Bitcoin from what I've seen in the past. MANA, ENJ, CHZ always seem to pop when Bitcoin is struggling.
This post was edited on 11/24/21 at 12:24 pm
Posted on 11/24/21 at 5:36 pm to mach316
I'm enjoying the bots. It's been fun. I have to get more advance in my settings though.
Also, I want to set up a multipair, but every tutorial on you tube does not show the same "fields" that I have.
My idea was to start a multi pair on the days biggest losers. However, I can NOT get the bot to do anything after saving the bot and starting it.
anybody tried this yet?
Also, I want to set up a multipair, but every tutorial on you tube does not show the same "fields" that I have.
My idea was to start a multi pair on the days biggest losers. However, I can NOT get the bot to do anything after saving the bot and starting it.
anybody tried this yet?
Posted on 11/25/21 at 7:31 am to Jjdoc
I believe you have to have the pro plan to run multipairs. That may be your issue if I'm understanding you correctly. Glad the bots are working for ya!
Posted on 11/25/21 at 11:10 am to mach316
Looking to be a good day, tons of green crypto today. My bots have been closing deals left and right since about midnight.
Posted on 11/25/21 at 1:01 pm to sigsauer
A good day indeed. Love making money while I stuff my face, and watch football. Happy Thanksgiving to everyone!!
Posted on 11/25/21 at 1:16 pm to mach316
Mach you called the NFT cryptos inversely moving from the others. Mana and Amp that were killing it yesterday, have ground to a halt today with everything else blowing up.
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