Crypto currency buying and selling can be very lucrative. The price fluctuations (volatility) of cryptocurrency mean that good returns can be made in a short period of time. The right time to buy and sell is the key. The disadvantage is that you spend 100% of your time tracking the prices. Unless this is done automatically with crypto trader software then an algorithm ensures that these buys and sells happen automatically at the right time. I have been doing this for a month and a half now and I have made a nice return. It’s not 100% automatic, you still have to adjust a price every now and then or check if everything is going well, but it’s largely automatic which makes it a very interesting passive income. These trading robots for private traders have been around since the rise of the crypto market. Today we are talking about Satoshi Trading Bot (STB).
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How does a Crypto Trader work?
A crypto trader is software that tracks the price of cryptocurrencies and buys and sells crypto currencies according to a preset strategy. The strategy consists of software that recognizes upward and downward trends in crypto currency prices and makes purchases or sales at the appropriate times. Such a software program communicates directly with your wallet of the exchange you are using e.g. ByBit. All you have to do is enter the prerequisites for a trade and the crypto trader can start working for you. The trading bot will stick to your strategy and will not deviate from it. A correctly tuned Crypto Bot can execute transactions more efficiently than you can, which is a big advantage, because a bot does not get carried away by emotions that make you buy or sell.
Please note: Use these buttons to create the accounts so that you get extra benefit at ByBit and register in the right place with the bot (go.satoshitradingbot.com). Later in the article are the steps that must be taken to create the stock exchange and the cryptotrader account and to link it to the stock exchange. If you can’t figure it out setting up the bot, you can ask for help in our Telegram community.
What strategies does the bot use?
We regularly receive the question: “what is the return difference between the SatoshiTradingBot (STB) strategy and UpDown strategy”. In addition, users also wonder how much the influence of the entered return percentage on the final result is. To answer that, we have four traders from 3 September 2020 with the following institutions:
Traders with the following currency pairs:
BTC / ETH / XRP / BCH / BSV / LTC / EOS / XTZ en Link
Analysis:
A higher or lower rate of return has a significant impact on the amount of transactions being done. This makes it decisive for the amount of transaction costs. With a low return percentage, a transaction is sold earlier and a new position is also taken. Side drawing: This test was done during a period with a sideways market. This works strongly in favor of an institution with higher returns. The total efficiency fluctuates between 32.9% and 43.6% in the past 3 months. During a trending market with much more volatility, it is possible to make around 20% return.
The difference in strategies:
- STB Strategy: only buys at the moment that the price trend changes from falling to rise, never during a rise or decrease. STB only sells when the price trend is changing from rise to falling, provided that the entered yield percentage is met.
- Updown Strategy: buys continuously (detached from price trend) to increase 1.2% and sells as soon as the return rate is met. This strategy looks at the 1 minute candle,
My strategy?
I let everything run automatically and I link all available coin pair on ByBit (5 crypto’s) I bet 500 euros on every trader and for each coin I set the SatoshiTradingBot strategy (minimum win percentage 1.5%). I ‘stop purchases above’ 60k. An average purchase amount of 150 (depending on total investment) and ‘max open trades‘ . The bot now automatically trades on all coins so that it can make maximum returns. I set the minimum % between trades at 1% and 2% in a volatile market.
By using multiple positions per coin (3), the bot always buys in a falling market so that when the market reversing these positions can be sold. This strategy provides a good return.
If you see my average return per trade, it already indicates how much percentage I earn on average on a trade.
Starting with Crypto Trader:
To start trading via the bot you need an exchange (for example Bybit) and you have to create an account with the Crypto Trader. Via the buttons below you can create an account with an extra advantage. The videos below show what steps you need to take to create it and link the stock exchange and the trader.
Please note: Use these buttons to create the accounts so that you get extra benefit at ByBit and register in the right place with the bot (go.satoshitradingbot.com). Later in the article are the steps that must be taken to create the stock exchange and the cryptotrader account and to link it to the stock exchange. If you can’t figure it out setting up the bot, you can ask for help in our Telegram community.
Create account with Bybit (step 1: if you don’t have a ByBit yet).
Click here and go through the steps to create a ByBit account (if you don’t have an account yet and 2 min)
Link the crypto trader to ByBit (step 2). Difficult with video? Click here for step by step screenshots.
Setting the Traders at the Satoshi Bot (last step)
How Profitable Can a Bot Be?
When you have developed an effective strategy with enough knowledge of the market, you can make more profit with the help of a bot than if you do it manually. The market often moves sideways so you don’t always earn cryptocurrency. It is a tip to hodged Bitcoin, Ether and or other cryptocurrency by, for example, going through DCA strategy and also letting a bot trade to earn more Euros to live on and/or purchase more cryptocurrency. Trader software helps your trading 24 hours a day and 365 days a year. Make money while you sleep! The bot always continues to act. Trader software is in line with your exchange. For example, you can trade through Bybit.
Participation in the trader is free. You only pay a fee about the return you have made through the trader. The fee is deducted from the so-called prepaid credit that you have to purchase within the trader himself. We call this prepaid credit and is separate from your investment with the exchange! One credit is the same as one Euro within the software.
The platform of Satoshi Trading Bot allows you to have a trader (software application) help to determine the optimal buying and selling moments in crypto currencies. You need an account with an Exchange or Stock exchange, where an amount of euros is available to trade.
The trader can -after your permission – only change the composition of the currency of the account (euro exchanges for cryptocurrencies and vice versa. For example, Bitcoin/Euro – Euro/Bitcoin). The trader can never transfer currency to a third party account. You can only do it yourself.
Cost?
We write 20% of your return on your credits/prepaid credit for every sales order the trader made for you. This means that when you make € 100,- return at any time, the bot will collect € 20, – of your credits / prepaid credit.
How does the crypto trader work technically?
The trader works according to the MACD method. The MACD indicator stands for Moving Average Convergence Divergence and is a momentum indicator that is calculated by multiple advancing averages. The indicator indicates the direction of the trend and the strength of this trend. In addition to this data, the indicator gives a buy or sell signal.
The MACD indicator consists of two lines, both of which are calculated differently. First of all, the MACD line, which is calculated by subtracting the moving average of the last 26 days from the average of the past 12 days. The second line we encounter in this indicator is the signal line. This is the average measured exponentially of the last 9 days. Both lines are the MACD indicator. Not only the direction of the lines gives a signal, but also when the lines cross each other the indicator gives a signal.
The MACD (red line) indicates the direction of the trend. With an ascending MACD line, the trend is positive, with a downward line it is negative. In addition to the direction of a trend, the indicator also gives off buy or sell signals. If the MACD line crosses up the signal line upwards, this is a buy signal. In the reverse case that the MACD crosses the signal line downwards, the indicator gives a sell signal. Finally, the indicator says something about the power of the trend. The greater the distance between the two lines, the stronger the trend. The MACD is a trend-based system based on the moving average. As soon as the blue line crosses the red line, there is an upward trend. The trader will then initiate a purchase. As soon as the blue line dives below the red line, there is a downward trend. The trader will then initiate a sale for all pockets with sufficient returns.
