thetradingparrot
patreon
Mikelo bot update and some fine tuning
🕑 Added 2021-03-29 15:54:52 +0000 UTCOn 19 of March we introduced a new BETA test bot called Mikelo.
This bot uses the bollinger band deal start condition included with the 3commas subscription. We decided to give it a try for 10 days on the 1 hour chart with top coins.
The signal is pretty reliable and reflects the values seen on trading view. With the exception of a few days ago when 3commas reported a few issues with deals being delayed it all look good.
The bot easily closed all deals but the profits have been impacted by using too conservative settings. We were using a 36% deviation which is comparable to the 40s we use for bots that use leverage.
In the last 10 days the bot managed to close 28 / 37 = ~75% of all deals with only 2 SOs which were placed at 5% deviation.
Only 1 deal required the 5th SO to close. This deal was place on LINK coin. In practice is more efficient to then move our lowest deviation to around 7% and keep funds for adding funds once every 10 days to the worst deal if needed.
You can see all the deals in the following spreadsheet:
https://docs.google.com/spreadsheets/d/1unWOn2evl6iuEoasJtLydFbg_xwqsJiehE4vCL4xVds/edit?usp=sharing
I'm also going to make some other changes.
- Adding and removing some tokens
- Funding, BO/SO size
- Adding trailing as these are all large cap tokens so it's worth having it on
- Safety orders settings have all been adjusted according to the first 10 days.
- Min volume set to 50 BTC
The bot will remain in BETA, let's see how it does with these new settings in the next 10 days.
https://3commas.io/bots/3083547/shared_show?secret=8a68c2f90b
Comments
Hi, Thanks for the bot. I can see in the excel pair USDT_SXP (this pair was present when copied on 19th March) , however, now I don't see this pair , and I see USDT_DOT and USDT_THETA. 1. As this pair USDT_SXP been removed on purpose?
I used only the top 15 tokens...
which tokens where you using?
I had 2 bots running using BB from 3 commas and also 2 bots using RSI < 30 and the RSI performed similar or better.... also the BB one got stuck for a while with some red bags....
Yes, it’s been an actual improvement so far
The tweaks made Mikelo a better bot as far I tested in the Paper Trading account.
When you get the AUD error, refresh the page with F5 or similar and you should be fine afterwards.
How do I fix it?
That must be a 3 commas error copying the bot
Hi there, why is the bot running in AUD? How change I change to USDT?
