I would like to introduce you to the KEL-MAR short bot.
In the backtests it performs quite well, but unfortunately it catches 2 or 3 liquidations (differs per exchange) in the past. But you can work around that with a lower Base Order of e.g. 30-50%.
It does not start a lot of deals, but almost all deals are profitable.
In the beginning I did not have a timer for closing deals, but then the deals sometimes stayed open for 20+ days, normally that is not really a problem, but because of the funding fees it can become unfavorable. That is why I have now set the closing timer to 5 days, which is the most profitable in terms of number of days.
There is also a stoploss active, and it is set on webhook, the advantage of that is that you don’t have to set a percentage stoploss, but you can use the “Move Stop Loss”. If the deal is now 1% in the plus, it sets an SL at +0.5% (higher values give less profit).
If you guys see any improvements, I’d love to hear about them!
And as always I have the bot with a small amount of funds on real active, I will keep you updated.
I haven’t further tested it with other coins, that’s up to you guys
Seems to me that most of the issues can be easily solved by running the strategy on spot - no liquidation price, no funding fees.
The only thing I’m not too sure is the overview chart but the avg daily and net profit look pretty good
Shorting on spot has been a long debated topic and different ppl have different views on it.
My take is that shortbot on spot should only be done when a long bot deal is too far away from TP only exception being BTC or any coin which you really like to hold for long term.
The risk in shorting is say you do long dca deal from start price 100$ and dca it till 60$
If average price is say 80$ of the long bag.
Then price needs to climb 33% to go from 60 to 80$ for your long deal to breakeven.
At 60$ price ppl could potentially short dca the coin.
Setup of a shortdca bot needs good understanding of math and avg prices.
If you short from 60$ up then the last short SO dca should be in such a way that avg price of the short when you sell away all your base coin should be as close to 80$ as possible ie avg price of long deal
That way long and short avg prices coincide and basically what you have done is made your net loss zero.
But again if price keeps going down to say 40$ your entire bag is losing value so fast that the little gains made by the shortbot arent doing much
So as you see there is a lot to shortbots and most of the people who run them get them wrong.
Rule of thumb with shortbot however is TP always in base
Hello,
actually the short in spot is not the same, but in Cryptohopper it is implemented to maintain the position after an exit in SL. After exiting, the amount of the position is reserved while waiting for the conditions to be met, either a certain percentage drop or a new buy order from a predefined strategy. This way, it can be understood as selling and buying back at a lower price. It can also be combined with DCA, but I don’t remember the details.
Here the philosophy is different. In my interpretation, Cryptohopper operates in layers. There is a top layer that controls the bots and independent positions, which can also have different strategies. Additionally, there are triggers with conditions to manage the type of market, whether bear or bull, and in that case, activate certain extra configurations. This makes it quite complex, and it also includes DCA and AI
However, with all that complex structure, even though it has an automatic learning tool to supposedly create better strategies, I believe its backtest doesn’t outperform GAINIUM
I no longer have the backtest available, nor can I remember the exact settings, all I remember is that I used the kelmar channel and moving average ratio.
article about “short” spot and short Futures here.