It looks interesting. Stop loss orders and trailing stop loss orders are important ways to limit some risk in this extremely volatile market.
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It looks interesting. Stop loss orders and trailing stop loss orders are important ways to limit some risk in this extremely volatile market.
The trailing take profit feature is amazing for coins that tend to have a big spike because you can set it to auto sell a few percent from the top. I have had trades where my take profit is 5% with a trailing take profit of -2% and end up making more than 20% on a big pop. I haven’t had much luck with earning consistently from the bots, but I’m still learning.
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Nice, that’s awesome!! The long bots work best in a bull market or stable market, I’ve been using short bots on some volatile btc alt pairs, and btc tether.
For long bots the simplest and really solid config is the cqs scalping bot,
2.set take profit between .75-1.15% (that’s my recommendation in these market conditions, cqs says 1.5%, but I rather close faster and open a new trade quicker)
I’ve found that to be effective with BTC, and BNB pairs. I’ve been using this for a few weeks, I’ve been consistently closing out in profit. Made around 5 percent, increasing my btc and bnb balance (bnb is nice on binance for reduced fees so profit is quick and it has some nice volatility against other alts making it solid for trading). I haven’t run my eth bot in this config due to some concerns of mine over hardfork being pushed back, but I’d normally I’d also have that turned on.
For shorting, I set small take profits like .2-.4%
And I use a combination of the trading view sell indicators and Technical analysis indicators.- on this I’ve earned several percent this past week on this pullback.
Keep improving, keep winning, and keep stacking crypto!! @jmjury
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