Hey Everyone,
In the often risky world of crypto trading, I’ve been steadily growing my account with a hands-free liquidation bot since mid-May.
Unlike my 1% per day strategy that gained lots of attention, this bot takes a more conservative approach
The bot runs on WickHunter (referral link) and it uses the Liquidation Bot functionality. At a very high level, this is a mean reversion strategy using optimised VWAP Bands & optimised liquidation values.
An example for long deals is as follows:
Price breaks below the lower VWAP bandThe value of liquidations is above the optimised amount
An example for short deals is as follows:
Price breaks above the higher VWAP bandThe value of liquidations is above the optimised amount
Note — VWAP is the Volume Weighted Average Price which calculates the price by taking in to account the price and volume over a given period.
In summary, the bot aims to open counter trend trades with safety orders to take advantage of high volatility in any given pair.
Pre-Requisites
To take advantage of this bot functionality, you need
To sign up for WickHunter — full disclosure, the link here is a referral linkTo be able to trade futures on Bybit, Binance, Finandy, Apex Pro, Bitget or OKX. (If you don’t have an account, sign up with the Wickhunter referral code to use Wickhunter for free)
Performance
So lets talk about the performance. When I started running this bot on 27th May, I deposited $610 in to a subaccount on Finandy. Since that time, I’ve made a profit of $222 which is 37.3% in 3 months with no compounding. What’s more, I’ve manually intervened in 1 deal across 959 deals that the bot has entered and I haven’t been anywhere close to getting liquidated.
To put this into perspective, here’s a little table of the deals and the DCA orders that have been completed across all of the deals.
Note — DCA orders are Dollar Cost Averaging orders. These are placed at strategic levels (could be static or dynamic) to increase the position size and bring the entry and take profit price close if the price action moves against you
Out of the 959 deals, 826 completed without any DCA (86%). 100 completed with 1 DCA order (10.4%) , 26 completed with 2 DCA orders (2.7%) and 7 completed with the 3rd and final safety order (0.7%).
What’s even more amazing is that the hold time for these deals in the most part is very low. Most deals close in seconds or minutes although there’s always the odd outlier which takes a little longer to close out which isn’t a huge problem.
Overall, I’m being conservative with this bot and it’s setup. I’m pretty sure that I could dial up the risk and grow this account substantially which I might do with the profits from this bot to see how much we can really push it.
I’m going to share the exact settings I’m using in a YouTube video in the coming days so be sure to sign up for WickHunter, head over to my YouTube channel, subscribe and hit the bell notification to be notified when the video drops with the settings.
With low risk, hands-off management, and consistent returns, this liquidation bot is a great tool to diversify my trading strategy. Stay tuned for the detailed setup video, and let’s see how far we can push the profits together.
How I’m Making Steady Gains with a Conservative Liquidation Bot was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.