New to Crypto Starter ComboBot Strategy

Trading Strategies / Bot Setups
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With BTC hitting ATH a lot of new users come to the bot market to make those insane gains.
Even i did in late 2021. Didnt realised it was the start of almost 2-3 years of brutal bear market, exchange scams and crazy market manipulation.

So i wanted to make this post for a newbie who has just come into DCA and crypto trading . I will share my experience and also a starter strategy for people who dont have time to analyse/backtest and spend tons of time.
This strategy is not for coins you want to hold but just trade.
If you want to hold coins you like just buy ā€˜x $ā€™ worth of it daily. Pretty good for hodl coins

For trading coins:-
Firstly anyone telling you where the crypto market will go even tomorrow is lying. Nobody nor any indicator can predict human emotion or market manipulation

That brings us to the first aspect of the Starter Strategy.
Deal Start condition.
Just ASAP is good
I have seen tons of people do tons of paper trading backtest optimization paying crazy monthly fees for the perfect entries. Let me tell you this for free.
They arent worth it . Atleast over a good period of time.
So ASAP is good.

Using ASAP you are always in the market and not trying to predict it.
As ASAP can start deals from wicks we need good deviation coverage.
Running long and on spot -60% coverage is good. Lets not do shorts as it needs too much time and spot doesnt let you short anyway.

ASAP start covering -60% fall.

Now what pairs to run. Except for BTC every pair can go to zero. Thats just how it is in crypto so running more pairs with less funds in each is better than lots of funds in one pair.

In DCA volatility is king. Recently memecoins have been great for it. So pick whatever memecoins you like.
Recently tried combo bot on MOODENGUSDT and AGLD and its been pretty good

ASAP start -60% coverage memecoin pairs

Now the settings. DCA bots are great but my new favorite is combo bots as they combine DCA + grid.
As we will run with low funds per pair your recovery % needed to get to average price will be high. Instead of waiting forever to recover,
Combo bots fill the recovery gap with grid orders allowing you to reduce unrealised loss using grid transaction profits.

Back in late 2021 people ran cheap dca bots <250$ ones and got stuck at the first retracement for months. Eventually the patience goes off and deals are closed in loss.

With same < 250$ i am suggesting a combo bot setting which might help you recover losses every day.
Bot Stats
Coverage -60%
DCA orders at every -2.5%-5%-7.5%-10% ā€¦ -60%
Step Scale 1.0
Volume Scale 1.05
DCA orders 24
This costs 225$ per pair
Minigrid orders 5 at 0.5% gaps
One more important thing is making sure the pair you select can do 1$ grid order trades. Bybit is a great excahnge for this as you get a fair few pairs which allow low order sizes.
If you want to invest more funds in a settings per pair then you can make volume scale 1.1.
Beyond that i dont recommend.

If the trading pair falls -60% then you need a +50% recovery( volume scale = 1.05) to get to avg price.
A big climb for DCA bot but combo bot just need price ranging to recover losses

Bot settings:-
https://app.gainium.io/combo/67354f86f31a5bdbca9a2821?a=424&aid=share-bot&share=83833917-906c-4811-876a-7797ab2083c0

This is not financial advice nor is a guarantee settings that work. This is just my opinion .
For people who dont have time but want to trade its a good starting strategy.

Capital recommendation.
1k is a good minimum amount as you can run 5 pairs .
Changing pairs is recommended when volatility dries up and moves to different pairs.
If you dont have time stick with bigger memecoins.
If you are tight on budget running 5 pairs on 500$ is also acceptable but know that you will run out of funds for a -40% in all 5 pairs. Without getting too technical just letting you know that combo bots deals run longer than dca bot so it is a risk running with half the funds

ROI expectations:
With spot 0.1-0.2% per day ROI is very good. Especially if you are spending no time on trading.

Hopefully all this helps.

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hey @Iamtheonewhoknockss thanks for share this! Very good (and wise) context to present the bot

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Agreed, all my ā€œsafeā€ bots are in this range, and I cover the same deviation. I sleep well at night :upside_down_face:

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Thanks for this amazing beginner guide. Maybe I should consider be a beginner, too, and also use that setup. :sweat_smile:

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if i was doing spot i would run it

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Happy day to you!

I appreciate you sharing this alpha. What I see most often in all comments everywhere is, ā€œHow do I get started?ā€ :point_right: Youā€™ve just done a marvelous job helping new people get started somewhere.

Just wanted to say thanks!

Iā€™ve been bot trading since 2018 and reading this and going back to basics is often a really valuable thing to hear.

Itā€™s so easy to get super deep in the weeds tweaking every little thing, and then just a simple DCA until youā€™ve reached your SL is a damn fine way to trade. :clap:

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Thanks Knocker (whatā€™s a shorter nickname!? I didnt watch last season 1 BB)

Totally agree with the many cheap bots vs fewer large bots. Itā€™s the ā€œeggs in many basketsā€ approach.

Iā€™ve not looked at ComboBots, so this is all new to a DCA maxi like me. Will take a look at that to support my Urma bot, although I am scratching my head at how you get a $250 bot that covers 60% drop with so many safety / DCA orders! How does that work?

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Base order and SO are 5$ each.
Combo bots are very simple concept.
At dca level you buy base coin.
Instead of just holding it till deal close those base coin form sell grid lines between current and previous dca levels.

Say base order at 100$
If SO1 of 5$ is bought at -2.5% ie 97.5$ price say 5 base coin qty.
Then 5 sell grid lines worth 1 base qty each are made at 98 98.5 99 99.5 and 100 prices.

If price moves up and sell line at 98 is filled a buy line at 97.5 is formed essentially mimicking a grid bot.

The price action ensures grid transaction gains helps reduce uPnl of the deal.
When sufficient grid transactions are done or when price goes up enough the deal is closed.

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Itā€™s worth to notice that those minigrids currently arenā€™t geometric grids which results in bigger and bigger percentual spacings between the grid lines the deeper we go.

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I thought $10 was minimum order. Is that not the case on some exchanges?

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It depends on what plan you have at Gainium and what pair you want to trade. Minimum order sizes may vary from exchange to exchange.

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Iā€™ll be honest, that google sheet looks confusing to me. I know Binance had a min order of $10 a while back, but FTX would go lowers for some pairs. That spreadsheet doesnā€™t answer that to me. In my head it shouldnā€™t matter what my strategy is in the bot, as fundamentally the exchange is hit with buy orders. And so thatā€™s what Iā€™m looking for. Sorry if that is too dumb a way to look at it

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lol, ignore me. I just saw min order is $5 across pairs, according to Gainium DCA bot UI

IMG_2998
IMG_29981125Ɨ1125 95.6 KB

Iā€™m going to switch my bot to more pairs

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If you are a paid user then alot of bybit pairs can do 1$ orders.

5x more pairs if running dca bot

But yes if running combo bot then base and safety order should be 5$ min
Then 5 grid orders becomes 1$

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What do you mean paid user? Paid user of which platform?

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A paying user of Gainium.

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