I got some questions for the emotionless strategy, since i cannot find much information in the wiki, youtube, telegram, discord, etc.
i just cannot find other users using emotionless strategy.
Hello Sabine -
I'll do my best to help answer your questions. There isn't much information published about the "emotionless" strategy - as you've probably read in the
official wiki:
TRADING_LIMIT 1% of your budget (I increased this one to 2%)
GAIN 0,6 (I increased this one to 0,7%)
Pairs recommended 15 (I added 5 more because of my bags, i am botting 20 pairs. But because of my bags i am botting about 14 pairs)
I can touch on these parameters some.
TRADING_LIMIT: this doesn't have a hard and fast rule, but rather some guidelines. I recommend new traders start slow, like you did and use very low amounts. This will be affected by how many pairs are run, and if Double Up is used (see below on this).
GAIN: This is also known as "minimum acceptable profit". Since the details of emotionless are hidden from us, all we know about this setting is "optionally we can increase this some". It is expected that the higher we set this, the more aggressive we make Gunbot, making it wait longer to sell, and risking more. The lower you make it, the more likely it is to avoid bags, since it will dump the bag more quickly instead of waiting to gain more profit.
A quick note on number of pairs -- the more pairs you run, the longer it is between each run for a pair. If you have 60 pairs, then it will be twice as long before each run of BTC-LTC than if you have 30 pairs. This means price movement and price action may or may not run in your favor during those "winks of checking the price" every 3.5 minutes, or every 7 minutes, or depending on your computer speed, complication of strategy, and BOT_DELAY (or possible errors), maybe even longer.
Also, The more pairs you run, the more you would want Gunbot to search for "dips" and "coins on sale" but emotionless doesn't have the features to do so it doesn't have TRAIL_ME, or "RSI indicators" or Bollinger Band or any of the other things that would help it find a better deal. Be mindful of this -- if you're approaching a large number of pairs and running a large budget - chances are you have enough money to just upgrade to Gunbot Standard anyway and eek out a larger percentage of profit by running a more profitable strategy that finds better dips and can ride the price or the trend upward.
The first week I made on average per day about 0,074% profit with about 13 full trades per day (buying and selling).
So i changed them slightly.
With my changes i make about 0,33% profit per day with about 25 full trades per day (buying and selling).
One problem that comes from making changes like this, from one week to the next is -- there is no control. The week with the low profit could have been a horrible week and the week with the 4x profit could have been a bull run comparatively. The proper way to actually compare those settings would be to have two accounts, with identical pairs and identical settings and only change those specific settings, and then let them loose. Imagine the settings from last week compared to this week? What if you had changed your settings yesterday to GAIN=0.6% and moved your budget down - with the bull run we just had, one might assume it was a lower GAIN that caused the profit.
Also, it is important to clarify how you are measuring profit. Are you looking at portfolio value at the exchange? USD? BTC? Or are you looking at net BTC profit per trade? Are you looking at what Gunbot reported in the logs (anticipated profit based on what Gunbot assumed profit was from limit order placed), or in the Telegram message? Or are you looking at the actual exchange placed orders, and throwing FIAT out the door?
(snip)
Most of the tips and wiki posts are not really useful when using emotionless. You just cannot modify your settings enough to get rid of your bags (double up, RT etc.).
When emotionless first hit the streets in Gunbot v7, Double Up was included as an option. It was also available in v8, and then removed in v9. It is expected to return as an option in V10 - note that this is only an anticipated option based on beta testing so far, and until V10 is released, we will not know for sure. I do not speak for Gunthar or Gunbot in any way.
Another big question is about the volatile coins. It is said to use volatile coins since gunbot "eats volatility and spits out profit", but is this really recommended for emotionless? Adding volatile coins means managing your bot on a regular basis, this is contradictory to all the headlines about emotionless. It is said that with emotionless strategy you earn your daily profits without managing your bot and also you shouldnt modify and interfere with its work.
As mentioned above, emotionless is about riding crypto waves without spending time configuring things, so you are correct that if you're worried about tracking volatile coins, then you're spending time configuring things. You do not need to track regular volatility to take advantage of emotionless trading. You would do well, however, to try and start off with generally volatile coins - ones that have the following traits:
- staying power
- medium to high volume
- sawtooth pattern (volatility) and not hockey stick
- in the news a lot with some controversy, but overall positive trend
- listed on several exchanges
Probably more important, however, is YOUR staying power. Gunbot should not be measured in profit per day or profit per month. Crypto cycles do not work like that. Gunbot cannot control the market, and Gunbot cannot control a coin's value. Gunbot allows you to take advantage of a coin's gains when they happen. If a coin does not gain in value, there are ways to deal with that.
https://gbu.run/bags describes some, and it appears you're already familiar with a few if not all of those ways.
Emotionless has the least amount of flexibility and requires the least amount of upkeep. Therefore, it has the least amount of average return.
I mentioned this in a
previous reply, but I recommend Gunbot users look at Gunbot's performance in terms of three things:
a. Maximize Number of Trades per day
b. Maximize Profit per Trade
c. Reduce Risk per Trade
It's difficult to juggle all three of those, because as you do one, it hinders the other two. For example, the more profit you go for, the more risk you incur, and the fewer trades you make. The less risk you take, the fewer trades you make.
As you know, emotionless has essentially no tweaks to make other than GAIN, so really, it's about just getting your feet wet, getting into the market, and getting ready and finding out if getting to the next level is right for you or not.
It is important to me that you dont get me wrong here. I am really happy with my investment, i learned over the last few weeks so so so much. I dont regret 1 second of my time spent i have so damn much fun . Before upgrading my bot to have access to more strategies and settings, i wanted to ask experts about my current version.
I'm very happy to hear about your investment - most people I hear about that are frustrated with Gunbot simply had their expectations set incorrectly (they were promised returns by someone - noone should ever do that - a promise of returns is a sign of a scam), or they got greedy (that's their own fault), or they were gambling instead of trading, or they decided to trade with the rent money, or they made mistakes and instead of blaming themselves, they needed someone else to blame it on - blame it on bitcoin, blame it on a politician, blame it on China, blame it on Gunbot... blame it on anyone but themselves.
May your trades ride the next bull run,
Professor Wally @ Gunbot University
gbu.run/ref/wally for more info
Earn. Learn. Don't Get Burned.
Be A Student, Not A Follower
