BTC Trading Bot Update — Feb 2024
Here are the results of my BTC trading bot activity for the last 30 days
Here are the results of my BTC trading bot activity for the last 30 days
$1859 — 11% increase! Whoot!
Someone asked me for a more recent update on my trading bots, so here goes!
I have been able to capture profit a quite a few times in Feb using my “See 100, Take 100 method”.
As well — the average swing or BTC price has been fairly predictable and easier to capture without constant monitoring.
BTC Price has been moving within a $2000 range for over a month now, and when prices enters a new range, it has pretty much remained within a $2000 fluctuation.
Here are a few screenshots of my month :
I started at the end of Jan with about 16.5k in my account, trading on 10k BTC/USDT and extracting profit manually and holding that USDT in a stake earning interest until I roll it into another 10k bot, when I get to $10,000.
Let’s take a look at the settings I have been using pretty much all month.
NOTE : the average price movement all month has within about $2000 range, so squeezing my bot settings worked out well most of the month.
I do not normally squeeze my settings if I cannot babysit my bots, because of the potential to jump out of range too fast.
This month it was easier to keep the settings squeezed and not have to stay glued to my phone.
Here are the manually configured settings that I used :
Price scale = 0.5
Sell = 0.8%
Volume Scale = 1.5% (default)
Buys = 5 (which is actually a total of 6 buys, including the opening position)
This had the effect of shrinking the invisible trading box around my bot — about $1600 fluctuation range.
This is important.
I wanted my bot to fully invest my balance, not just skim on the first few buys, trading on a tiny fraction of my total balance.
If my total buys = 8 (default), or my price scale is higher (say, 1%), my bot will invest LESS of my total balance.
So — the fact that the average price movement is within a $2000 range, and I am set up to buy/sell within a slightly thinner range ($1600) due to my lower price scale and fewer total buys — this almost guarantees there will be a few times where my full position is attained.
If you are not sure what I mean by all of this, I have other stories where I elaborate on my strategy a bit, check them out!
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.
What this looks like in practice :
When I squeeze my settings, I am in drawdown more often (negative price) usually for a day or two, then price bounces back into the green, and will be profiting MORE than if it was only trading on the first few buys, instead of my full balance.
When I find my bot $100+ in the green, I stop the bot, capture profit and put that USDT in a staking wallet, then restart the bot.
This has been a solid month, and it’s not yet over.
I am only 1 more month away from starting my 4th 10k crypto bot!!!
Super excited!
And the best part, I can now access all of the non-USA exchanges that I was previously unable to access!
I didn’t even have to move out of the United States!
Time to diversify my platforms again.
Thank you Palau!
I look forward to getting back into KuCoin full force very soon.
Maybe a little ByBit.
Who knows…..
That’s it. That’s my update for the last 30 days.
I intend to change things up a bit soon.
2–3 months AFTER the BTC Halving in April of this year, I have a new plan.
The Plan, in a nutshell:
I am going to run a few parallel tests. Based on what I have seen from other traders blogs, I am going to find out if I prefer the AI settings in the long term, or my manual capture method.
The goal of here is to see if it will be easier to leave the AI settings running in the long term.
After I ride the BTC halving surge that I predict to happen post April, I will be booting up 2 parallel BTC bots.
One will be testing AI Settings in Pionex over the course of year with no manual stops, and the other I will be manually capturing per my strategy comparing the results at the end of a year.
May the easiest path to passive profits win!
Continue to the next story in the series :
Thank you for reading!
Until next time….
Onward and Upward Everybody!
-Chris
Automated Income Lifesyle w/ Chris Morton YouTube
#cryptotrader #tradingbots #successstory #success #botlife #cryptocurrency #trading #trader #pionex