Hey Everyone,<\/p>\n
In the often risky world of crypto trading, I\u2019ve been steadily growing my account with a hands-free liquidation bot since\u00a0mid-May.<\/p>\n
Unlike my 1% per day strategy that gained lots of attention, this bot takes a more conservative approach<\/p>\n
The bot runs on WickHunter<\/a> (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.<\/p>\n An example for long deals is as\u00a0follows:<\/p>\n Price breaks below the lower VWAP\u00a0bandThe value of liquidations is above the optimised amount<\/p>\n An example for short deals is as\u00a0follows:<\/p>\n Price breaks above the higher VWAP\u00a0bandThe value of liquidations is above the optimised amount<\/p>\n Note\u200a\u2014\u200aVWAP is the Volume Weighted Average Price which calculates the price by taking in to account the price and volume over a given\u00a0period.<\/em><\/p>\n In summary, the bot aims to open counter trend trades with safety orders to take advantage of high volatility in any given\u00a0pair.<\/p>\n Pre-Requisites<\/strong><\/p>\n To take advantage of this bot functionality, you\u00a0need<\/p>\n To sign up for WickHunter<\/a>\u200a\u2014\u200afull disclosure, the link here is a referral\u00a0linkTo be able to trade futures on Bybit, Binance, Finandy, Apex Pro, Bitget or OKX. (If you don\u2019t have an account, sign up with the Wickhunter referral code to use Wickhunter for\u00a0free)<\/p>\n Performance<\/strong><\/p>\n 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\u2019ve made a profit of $222 which is 37.3% in 3 months with no compounding. What\u2019s more, I\u2019ve manually intervened in 1 deal across 959 deals that the bot has entered and I haven\u2019t been anywhere close to getting liquidated.<\/p>\n To put this into perspective, here\u2019s a little table of the deals and the DCA orders that have been completed across all of the\u00a0deals.<\/p>\n Note\u200a\u2014\u200aDCA 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\u00a0you<\/em><\/p>\n Out of the 959 deals, 826 completed without any DCA (86%). 100 completed with 1 DCA order (10.4%)\u00a0, 26 completed with 2 DCA orders (2.7%) and 7 completed with the 3rd and final safety order\u00a0(0.7%).<\/p>\n What\u2019s 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\u2019s always the odd outlier which takes a little longer to close out which isn\u2019t a huge\u00a0problem.<\/p>\n Overall, I\u2019m being conservative with this bot and it\u2019s setup. I\u2019m 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\u00a0it.<\/p>\n I\u2019m going to share the exact settings I\u2019m using in a YouTube video in the coming days so be sure to sign up for WickHunter<\/a>, head over to my YouTube channel<\/a>, subscribe and hit the bell notification to be notified when the video drops with the settings.<\/p>\n 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\u2019s see how far we can push the profits together.<\/p>\n How I\u2019m Making Steady Gains with a Conservative Liquidation Bot<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Hey Everyone, In the often risky world of crypto trading, I\u2019ve been steadily growing my account with a hands-free liquidation bot since\u00a0mid-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 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4174","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4174"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4174"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4174\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}