2% Gains in 12 Hours— BTC Trading Bot Update March 4–2024
And back up we go!
And back up we go!
Sometime after I went to sleep last night, Bitcoin decided to hit 65k again and then 66, and my bot gobbled up $200+.
Yippie!
Round 12. Fight!
I am going to keep my bot configuration from yesterday, unless we have a sudden movement beyond 2%.
Any spontaneous spiking and I will reconfigure with the settings from my first bot-tracking post found here :
How many times will I re-adjust my bot?
As many times as I need to!
So far, the Martingale bot on “AI settings” will not respond to market condition changes as time goes on.
The default “AI settings” take a market snapshot at the time you start the bot, and those settings are based on some reading of the recent market activity.
The bot does NOT shift those settings as the market conditions change, hence the human intervention, and why I call my method a “Semi Automated” Crypto bot strategy.
Soon I hope to either create my own bot that can respond to market conditions and maybe even market triggers — on the fly without my input, OR …. with AI and so many developing on it, I bet someone will create this before I do, or AI will.
That would rock.
Did A.I. Just Build A Crypto Trading Bot for Me?
Last night something happened and my mind is still reeling.
^ Heads up — the story above, sadly, I cannot push foward on it. The Binance trading bot that Make.com can build for you, doesn’t work for USA residents.
If someone else’s solution works, I’d rather use it than develop it myself.
Hint hint programmers : please take my idea (if you do not already have the same idea), and run all the way to the finish line with it — but please, also tell me about it, and let me get in on it!
Martingales are my bag, baby.
Also ….Very Important for this bot-tracking story series — I am running DCA Martingale bots on Pionex.
Not spot grids, not infinity grids, not futures.
So far, I have not ever experienced the results I am getting with Martingales with any other standard buy low / sell high bot, and this is specifically due to how Martingales function.
In general, this strategy is riskier, so you have to have time to pay attention to the market and respond.
But with risk comes greater reward.
This is definitely not a “set it and forget it” bot strategy.
If you are interested in learning more about my Martingale strategy, I have a story outlining how I use Martingales, which gives a more deep dive on what I am doing here:
How I Earn $6,000/mo from with Semi-Automated Crypto Trading on my Mobile Device
There is no upsell at the end of this blog.
I realize that many successful traders utilize leverage and get into futures/derivatives, and probably reach much higher profit with those bots.
I am not there yet guys, not yet.
I have run these bots for a year to the point of becoming confident, and I am starting to test other bots with much smaller balances until I can get the hang of them.
My holding balance is still roughly the same as my bot results during this Bull run.
10k in, now sitting at 11050 or so. Roughly 10%
My total profit on my bot in the last 6 days is $600 + $41 + $90 + $212 = $943 (rounded). Roughly 9.5%
Neck and neck still.
Irony : I have bot mentality now. Every time my holding balance gets to a new high, I kinda cringe that I didn’t hit sell and buy in again lower.
I am not showing my holding balance in screenshots because it’s sitting in a wallet with more than just that 10k, so I have to do a little math to get the actual gain on 10k portion of it, minus interest gains.
I want to earn on BTC while I am holding it, but I do not yet have much history with a new platform I am using which is a DEX that has slightly higher yield wrapped tokens, so I do not want to promote it either until I feel comfy with it. It’s a bit of a risk. Needs a bit more history and review before I want to vouch for it. Apologies for being opaque here!
That’s all for now.
See you next bot update!
Continue to the next story in this series :
Thank you for reading!
Until next time….
Onward and Upward Everybody!
-Chris
Automated Income Lifesyle w/ Chris Morton YouTube
#traderchris #tradingbot #pionex #cryptoexchange #crypto #cryptotrader