Four Seasons
Regular Member
- Aug 22, 2011
- 450
- 288
I've recently developed an algorithmic bot that does leverage trading in one crypto derivates exchange 24/7. Spent weeks in the testnet and now it's ready to be deployed in the mainnet. I transferred $1300 worth of BTC (0.11 BTC at the current rate) to the main exchange and the target is for this 0.11 BTC to become 1 BTC using the bot alone.
Some questions you may ask:
1. What is the bot strategy?
- The bot strategy earns in 2 ways: First is to monitor price action and trend, and take optimum profit without risking too much, no fancy technical analysis. Second is to earn through maker fees, the bot will always do limit trades and the exchange actually rewards 0.025% for each limit trade (except stop loss which is a market order).
2. What exchange do you use? - Bitmex
3. What leverage are you using? - I will only use 5x to 7x to be safe
4. How does the bot prevent risks?
- The bot place stop orders to avoid liquidation, and it only uses less than 5% of the capital for trades.
5. How many accounts do you use?
- I have 2 accounts that are linked together, one is using the LONG trading bot and another one for SHORT trading bot. So basically the 0.11BTC capital is divided into these two accounts (0.055 each). The exchange allows up to 3 linked accounts.
LONG ACCOUNT:
SHORT ACCOUNT:
I thought of creating this journey thread as a motivation with the hopes that it will work out. I don't know how long it would take to reach 1 BTC but we'll get there someday assuming the bot won't mess up. Feel free to comment and ask questions, I will be posting updates and screenshots here from time to time.
Some questions you may ask:
1. What is the bot strategy?
- The bot strategy earns in 2 ways: First is to monitor price action and trend, and take optimum profit without risking too much, no fancy technical analysis. Second is to earn through maker fees, the bot will always do limit trades and the exchange actually rewards 0.025% for each limit trade (except stop loss which is a market order).
2. What exchange do you use? - Bitmex
3. What leverage are you using? - I will only use 5x to 7x to be safe
4. How does the bot prevent risks?
- The bot place stop orders to avoid liquidation, and it only uses less than 5% of the capital for trades.
5. How many accounts do you use?
- I have 2 accounts that are linked together, one is using the LONG trading bot and another one for SHORT trading bot. So basically the 0.11BTC capital is divided into these two accounts (0.055 each). The exchange allows up to 3 linked accounts.
LONG ACCOUNT:
SHORT ACCOUNT:
I thought of creating this journey thread as a motivation with the hopes that it will work out. I don't know how long it would take to reach 1 BTC but we'll get there someday assuming the bot won't mess up. Feel free to comment and ask questions, I will be posting updates and screenshots here from time to time.
