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Imagine this scenario:
There are many people trading; some of them are bots, some of them are regular people daytrading and some of them are whales.. w/e you could include a massive amount of characters here for this purpose.
The bot has certain strategies where you can modify the parameters, for example using BB strategy (bollinger bands) you can tell the bot to buy when its 0.1% lower than EMA for the bollinger bands percent that you consider and taking in consideration the 15 minute candle (which is usually the default); the bot will calculate and attempt to sell for the % that you set it up to look for after the EMA, for example, you could also use 0.1% for this one.
If you are at work, the bot will do this trades without you looking at it, it will also take in consideration a spike, which is usually really hard to find manually, therefor, imagine that a coin goes for 3% increase of the EMA for just a few minutes, the bot took advantage of that.
Now this means, this bot is not free money, you have to set up the right parameters to actually obtain these results, if you choose the wrong coin, you might have a bad time, you have to look for certain coins that are kind of stable and fluctuate in the same range, as Gunthar explained on the first post.
This is an over simplification of what this bot can do. Nothing is free money, it requires study and your own reasoning in order to win money using this bot. I hope this helps.
Thanks for this.. i had asked question like this on the gunthy forum.. in the beginners section .. Config sticky thread. but it seems no one is interested in keeping that thread alive. and i have read on this thread that to ask any queries use gunthy forum.. really confused..please not
i am yet to buy the bot so cant be on telegram group .. so have to ask here now.. (people tend to reply use our code for 10% discount so i assume they do read the forum)
Ok here goes the queries:
- BB strategy : the low bb% and hight bb % is as your mentioned above. like buy 5% when it hits lower bb range ..
- when does it sell this ? Is it at gain % like 1% or whatever is set in config ?(i assume thats the case)
- What happens when the price dont come up after hitting the bb ? Is this the scenario where the bags are created ?
-- any pointers to other strategy details please ?
Thanks in advance for the response.