thetradingparrot
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Venka is ON and new bot Bebek added
🕑 Added 2021-07-28 14:44:21 +0000 UTCVenka bot is on
There's been loads of changes to Venka v1.2 so make sure you compare side by side or make a new copy. Remember to read the disclaimer about copying, make people make very expensive mistakes when copying and many can be prevented by reading it.
I'm running it now with USDT only for convenience. If you want to run it with BUSD or USDC its fine but you may want to then reduce the min volume as those markets have less.
This bot is classified as risky so if you want to stay away from potential red bags then you should consider other bots. In other words if BTC breakout turned out to be an actual fake out then all you have invested in this bot would get stuck and red bags. I'm taking a risk and if that happened I would turn the affected deals into short bots.
I'm also considering putting Venka behind the bot orchestrator. Maybe the sell signal should switch it off. Just bare in mind that that might switch it off quite frequently as BTC is running very hot, so you will have to decide whether to keep it off and wait or take another risk and manually switch it back on. Your decision!
New bot Bebek
This bot has been performing very well but for a very short period of time.
It's also a pretty risky bot as it uses bollinger bands on the 3m timeframe. Risks of getting caught on a red bag is significant but I'm again betting on this trend to remain strong and the back up plan and orchestration is pretty much the same I will use for venka.
This last week it made a 0.9% a day but there's no guarantee it will keep performing like this as that totally depends on the market.
The selection of tokens is based on tokens I'm bullish. It uses TV buy on higher timeframes to only invest on the ones that are in an uptrend. If the trend reverses you will need to do manual work or just wait. This normally applies to ANY bot classified as a risky one.
More risk -> more profit -> more work or more experience required to manage them.
Both bots have been added to the dashboard.
Comments
PS - I am aware why profits following BUSD are reduced given its market cap in relation to Tether, but I just wonder how safe Tether really is (there has been suspicion for a long time, although the value appears to remain constant).
In relation to the recent headlines regarding Tether (government investigations etc) do you think the value of tether may be affected at some time? I changed my trading currency to BUSD just to be sure, but accordingly profits have reduced.
thanks man.. always nice to see your creations
If you want to be rigurous you can do a proportion based on the total market cap of the coins. For example go to coingekko and check how smaller is the market cap of busd vs usdt, if it’s 10 times smaller then reduce 10 times the volume. Personally I would adjust based on how it behaves next days instead. Is it opening bad deals? Then increase the volume a bit
When using BUSD/ USDC what is the ideal minimum volume amount you would reduce to on Venka and Bebek?
