Topic: Are there bots that support stable coins trading? (Read 88 times)
If you've created a good bot, you don't need to worry about its capabilities. I know a great group of traders and they make a bot with a 97% win rate. they trade margin with bitcoin and the profit rate is much higher than trade usdt. Of course it is risky but creating a bot to trade USDT is quite redundant. We have the rule that when BTC increases, USDT decreases and when BTC decreases, USDT increases. That's how easy it is to buy high and sell low. so we don't need bots and lose money to create it.
After doing some research on the matter I came to the conclusion that trading stable coins isn't a bad idea after all. For those who are unfamiliar with this, for example you buy tether at $0.99xx and sell it back at $1-$1.01xx it's clear that it is less risky than most other pairs but it came to my mind that these 2 transactions are simple to automate and can be more lucrative if automated so for you folks know a trading bot that supports this?
I don't think this is a good idea. because if you are trading for profit with such a huge difference, then you need to have quite a large amount of capital. So why don't we buy usdt and sell it on the black market, even more profitable when using the bot. When you trade on an exchange, every transaction you lose about 0.07% - 0.12%. so I think this option is not satisfactory.
you can try CryptoHopper, the strategy you described is market making
You don't need a bot built specifically for stable coins. Just use any of the existing trading bots, point it at a stablecoin market (USDT, PAX, DAI, USDC, etc) and set your own preferred configuration for buy and sell triggers. As far as a bot is concerned, it's just another market.
I could assure you that you would be able to trade stable coins with Gunbot
The best way, IMO, that could take advantage of buying and selling stable coins is to use a market maker bot. This utilizes the spread between the buy and sell orders and profiting from it.
If you need more information about it, we could talk about it and I could support you. There are a lot of strategies that can be used and Gunbot has built-in preset strategies as well.
The best way, IMO, that could take advantage of buying and selling stable coins is to use a market maker bot. This utilizes the spread between the buy and sell orders and profiting from it.
If you need more information about it, we could talk about it and I could support you. There are a lot of strategies that can be used and Gunbot has built-in preset strategies as well.
It would be a little easier to help you here if you would briefly describe what exactly you are looking for. A Google search for "trading bot stable coins" will immediately return the following Steemit article:
Stablebot - Secure trading bot for stablecoins on Binance
Since I'm almost sure that you have googled it yourself, the result probably won't be what you are looking for?
I myself had been running a trading bot based on Gecko for a long time. Gecko has been discontinued in the meantime, but I could imagine that it also supports stable coins. Could look you up here if you are interested.
Stablebot - Secure trading bot for stablecoins on Binance
Since I'm almost sure that you have googled it yourself, the result probably won't be what you are looking for?
I myself had been running a trading bot based on Gecko for a long time. Gecko has been discontinued in the meantime, but I could imagine that it also supports stable coins. Could look you up here if you are interested.
After doing some research on the matter I came to the conclusion that trading stable coins isn't a bad idea after all. For those who are unfamiliar with this, for example you buy tether at $0.99xx and sell it back at $1-$1.01xx it's clear that it is less risky than most other pairs but it came to my mind that these 2 transactions are simple to automate and can be more lucrative if automated so for you folks know a trading bot that supports this?
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