Crypto Botting Journey

loco5er · Mar 24, 2021

I am starting this journey to keep track of earnings / losings.

Using a Binance trading bot. Started at ~$1400 lost a bit on the second day and today is the 4th day ($1520)

The bot assumes that all user define crypto choices will follow the same pattern, so it will capitalize on coins that lag behind.

Current issue: When the bot fails to fulfill an order, the order will remain open until the the coin drops. By that time, opportunity for profit will most likely be in another coin. Hence the bot will instantly sell at a loss and proceed to locate the best opportunity.

The goal of the Bot is to increase the amount of certain coins.

Zera Api · Mar 24, 2021

Which bot is that or is it customized

astro2014 · Mar 24, 2021

Lost Mirror said:
Which bot is that or is it customized

X2

vmMarketing · Mar 24, 2021

Looking good so far!

4gNET · Mar 24, 2021

Nice strategy. Is it some publicly available bot or your own?

AquaticGamer · Mar 24, 2021

Good progress looks like it's going to be exponential.

loco5er · Mar 24, 2021

Lost Mirror said:
Which bot is that or is it customized

astro2014 said:
X2

4gNET said:
Nice strategy. Is it some publicly available bot or your own?

No I do not own this bot. I am merely testing a bot from Github. There are some bugs that the dev team is working on.

I just woke up to a loss. Going to send in a screenshot later in the day.

Xyox · Mar 25, 2021

Interesting, I'll follow your journey.
I'm also using a bot from GitHub (Freqtrade) to do trading on Binance, started ~10 days ago with ~$1200 sitting at $1620 now.
I give the bot a strategy written in Python and it will start trading based on the buy/sell signals it receives from the indicators defined in the strategy.
These days it's been doing great but I think the market is going very well in general, when the market changes I'll have to find a new strategy I guess.

loco5er said:
The bot assumes that all user define crypto choices will follow the same pattern, so it will capitalize on coins that lag behind.

Do you mean that it assumes that all pairs the user defines will move the same way so it uses that to predict the price of some pairs that lag behind?
It's an interesting concept I had never heard of, I guess automatic analysis of previous prices of multiple pairs could be done to find the ones that seem to move in the same way.

AlexDebo · Mar 25, 2021

hmmm how much does someone pay for stuff like this?

Big SEO · Mar 25, 2021

Good Luck.

Xyox · Mar 25, 2021

AlexDebo said:
hmmm how much does someone pay for stuff like this?

If it's on GitHub chances are that it's open source. I don't know about the bot OP is using but the one I use you have to find a strategy that works, do backtesting, hyperopt and stuff so it's not an autopilot money generator.

loco5er · Mar 25, 2021

AlexDebo said:
hmmm how much does someone pay for stuff like this?

They're free.

Xyox said:
Interesting, I'll follow your journey.
I'm also using a bot from GitHub (Freqtrade) to do trading on Binance, started ~10 days ago with ~$1200 sitting at $1620 now.
I give the bot a strategy written in Python and it will start trading based on the buy/sell signals it receives from the indicators defined in the strategy.
These days it's been doing great but I think the market is going very well in general, when the market changes I'll have to find a new strategy I guess.

Do you mean that it assumes that all pairs the user defines will move the same way so it uses that to predict the price of some pairs that lag behind?
It's an interesting concept I had never heard of, I guess automatic analysis of previous prices of multiple pairs could be done to find the ones that seem to move in the same way.

How was your bot today?

Here's my day 5: down like 15% today. It bought into IOTA last night and it hasnt traded since. Been drop more than any of the other Coins on my list. So I guess the strategies in place don't work well in a bear market.

Xyox · Mar 25, 2021

loco5er said:
They're free.

How was your bot today?

Here's my day 5: down like 15% today. It bought into IOTA last night and it hasnt traded since. Been drop more than any of the other Coins on my list. So I guess the strategies in place don't work well in a bear market.

You can see "Yesterday's PNL" in the screenshot i posted above (it's 4 am here).
Consider that the previous 3 days have been +$50/+$70 days so yesterday was pretty bad in comparison, i felt the bear market yesterday.
Don't you have a stoploss?

loco5er · Mar 25, 2021

Xyox said:
You can see "Yesterday's PNL" in the screenshot i posted above (it's 4 am here).
Consider that the previous 3 days have been +$50/+$70 days so yesterday was pretty bad in comparison, i felt the bear market yesterday.
Don't you have a stoploss?

No. There is nothing like that with this bot. Maybe I have to run Freqtrade at the same time with another list

midnightsavant · Mar 25, 2021

astro2014 said:
X2

link?

astro2014 · Mar 25, 2021

midnightsavant said:
link?

X2 means that I am also interested in the information being requested. It is not the name of any software.

loco5er · Mar 25, 2021

Lost Mirror said:
Which bot is that or is it customized

astro2014 said:
X2

4gNET said:
Nice strategy. Is it some publicly available bot or your own?

midnightsavant said:
link?

astro2014 said:
X2 means that I am also interested in the information being requested. It is not the name of any software.

The Github project is called edeng23. If you want help with getting started, PM me. But remember to check out my losings todays.

USA282 · Mar 25, 2021

Please don't. This won't end well. Trading is not just reading the patterns, you must also follow through the news and invest accordingly. Bots can't do much other than following the trends. Crypto market is volatile and everything is very sudden.

loco5er · Mar 25, 2021

USA282 said:
Please don't. This won't end well. Trading is not just reading the patterns, you must also follow through the news and invest accordingly. Bots can't do much other than following the trends. Crypto market is volatile and everything is very sudden.

There are strategies in botting too. The bot isnt magically generating crypto. The coin list is user defined.

USA282 · Mar 25, 2021

loco5er said:
There are strategies in botting too. The bot isnt magically generating crypto. The coin list is user defined.

Best of luck!

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