Since we can (still) trade BTC/USDC on Bybit without fees, I was curious if I could make a bot for that on the 1min to grab lots of small deals.
Spent some time yesterday morning working with various possible indicators on the 1min, and finally ended up with the ‘support resistance’ indicator for starting and closing a deal.
After playing with all possible options, this combination (start deal below the support line, and close deal above the support line) came out best.
After quite a bit of backtesting I saw that there were deals that were open as long as 18 hours, so with further backtesting I extended the take profit condition with a close by timer of 2 hours.
In terms of settings it seems optimal now, and according to the backtests of the past 900+ days it shows bizarre profits, and that’s without using leverage! Warning! I only tested these settings on BTC/USDC because it has no fees, all other pairs with fees are likely to be massively loss-making.
And it is important in my opinion that there is enough volume, some exchanges in my opinion have too little volume to make this bot profitable.
I actually want to make another short variant of this so I can collect more BTC, hopefully I can do that over the weekend.
Sometimes is it not behaving that well as you would expect if you see the shape of the curve at the end of the Bear Market, but by changing the % of allocated funds, the curve seems to improve but the net result is far from the one you obtain by allocating max funds
I tested other coins that have 0 fees on Binance (ETH and ETH against FDUSD > you must write 0 fees on the backtester as it is not automatically done by gainium on this pairs) and the results are not as good as BTCUSDC on Bybit.
In every market he seems to be doing well, it almost seems too good to be true…
Should this continue we will have a bot making huge profits without fear of liquidations.
Just going to watch it for a few weeks first before I put some more money in.
Yes indeed, lowering the percentage deposit makes for a ‘nicer’ curve, but also much less profit. I’ll opt for the more profit option then
Yes I noticed that too, I was making a short bot of it this morning, and then suddenly I had to set the fees to 0 as well.
I found another bizarre combo, it seems to do very well only until 2023, after that it collapses in terms of profits etc.
I will share more info on this version tomorrow…
I was also testing a short version in the Bear market but by using opposite parameters (support > resistance / crossing up > crossing down etc…) and the only test I’ve done on the bear market seems quite nice also.
With some optimisations it probably could improve but I imagine that something that could be nice is to have a short and long bot at the same time because I think that in Bear market big liquidation events could get your bot to have big unexpected drawdowns even with the 2h timer
This is the bizarre strategy I was talking about, I have since made it a little better, but it only does really bizarrely well from 2022 to 2023, after that it does a whole lot less.
Should the bear start again sometime 2025/2026, I might turn it on, but I think for the current market I’d be better off looking at other options.
with MATIC USDT
Congrats for this strategy!
the results are not possible but the strategy could be good if you have these results!