I want to share a rather aggresive (degen-style) bot to the community. This is a very risky strategy with high risk reward ratio. I’m currently running this in paper (kucoin and binance) and live. I use a small piece of my portfolio for this type of strategies. It’s showing 1 liquidation on the screenshots but that’s not the case, see also drawdown. Paper
The bot is quite simple and using only 2 indicators RSI and EMA to determine the trend. It uses very aggresive DCA to get out of deals quick and small profit. Last safety order is around 4% and with isolated mode It can drop 2-3% more and then position will get liquidated.
I must agree I did some cherrypicking for the tokens.
The bot uses compounding, if profit is 100% i will take out my initial and play with house money. Then i’will try to repeat this cycle.
Please note that Kucoin has risk limits per token. . Eg. for some tokens like AAVE or ZETA the position size can’t be larger then 25k when using 30x leverage. this means the bot can only use $500 margin. Offcourse you could create multiple bots/subaccounts to overcome this issue
@trigiecrypto thanks for this interessting strategy, I’ve put it also on paper and its fun to see how it’s performing.
One question regarding your screenshot with the 50x leverage. You have some deals which closed in red but in your settings you have not set a Stop Loss. What is different with this bot? do you like to share?
Thanks
Hello Markus, the red deal is probably a bug. In the deallist there is no trade in loss. No SL is configured. I use same settings on kucoin and binance.
Great setup @trigiecrypto great idea and seems to run really good on multiple coins.
I just removed VET/USDT from my two paper bots, i think there was a liquidation yesterday.
I didn‘t like how it is reacting on the rsi. Maybe there is a too low liquidity on that pairing?
But i like the idea.
Last month i have finished a btc setting with the same indicators as you have used. But with a 100x leverage and based on a different strategy…. I call it low blood pressure disease bot….
This week, i was able to test it on real account. Monitoring every second of it and closed one deal manually.
I will share it, when i have tested it during next bullish period.
Backtested with about 100 deals in 2024 with a 84% win rate.
It can definitely wipe out all the profit accumulated in days/weeks/months with one trade - consider moving daily profit out of the account so liquidation and exposure also decrease over time.
The goal isn’t about making a fast profit but making it predictable and consistent or you will find yourself starting from 0 over and over again
I thought it as same way as you, there are other obstacles we should not leave out of the room. A backtest is just a glimpse in the past, are you sure it will 100% perform like backtest data considering real time trading can be 10% to 20% different than backtest ?
I’m excited to see how the bot will react during the Fed’s decision. If I were in real mode, I would have stopped temporarily. The next few days could be really volatile maybe.
Not a bug, at 50x expect a great deal of slippage. Maybe the price reaches tp level, and by the time the bot has canceled all orders is a different price. Could even be at a loss. At 50x is better to not set up any tp in combo.
