I wish I kept my Bitcoin instead of buying this bot. I would have made more money in the long term just holding BTC instead of now having to pay more for monthly subscriptions! I'm not going to put any more money into this. It was also difficult to learn without clear step by step tutorials on how to get started and see it making a profit.
Would you mind to share your strategy for trading in profit? Cause so far I am in minus.
Well there's my problem, without the clear step by step tutorials, I was unable to have a strategy nor did I make any money. I am in the same boat as you are, in the minus.
Buy on a low trough, sell on a high peak. It sounds easy enough, and can be much farther from the truth. A couple of 'tips' for what I do. Now remember kids, this is what "I" do. It's not official marketing advice, hell I only started with Crypto in December! I don't do anything financial for a living, my wife controls my everyday wallet, not my crypto!
1) Check out coinmarketcap dot com, research the coin you would like to invest in. In particular, the 24 hour volume and change % in the last 24 hours. Honestly, if it's a high change, stay away as you have already missed that wave. Keep an eye on it though, there might be opportunities to jump in when the FOMO / pump&dump subsides. Higher dollar volumes means more people are actively trading that coin, so you should see some action quickly.
2) I use "Margin Maker" 98% of the time. I haven't had a problem with bollenger bot selling at the wrong points, but it just doesn't trade as often as MM in my opinion. I'm all for chasing many small (3-5%) gains in a day.
3) Using LeonArdo. Search for the coin you wish to trade by clicking the 3 horizontal lines in the top left, Add Crypto pair, search.
4) Create a strategy for that pair. Click on the chess piece, slide up or type in the amount of crypto you wish to trade with. Now, NEVER slide to 100%. If this is a test run, start out with just more than minimum or up to 1/5th of your total amount.
5) Adjust your statistics window in which Leo will make decisions. I generally work around 3 hours.
6) Adjust your "Buy margin [% window]" and "Sell margin [% window]". Me, I use about 20 on both. Zoom in on your active candles and look at the peaks and troughs, try and match them.
6) Minimum effective gain. ALWAYS set this. I was losing in the begining because it would sell in a peak below the purchase price. Set it to 3% or whatever you 'think' your profit should be on this crypto.
7) Maximum order age. I'm on Bittrex, so the minimum i can use is 0.10.
8 ) Tick the "Avoid direct buy" and "Avoid direct sell", and put in say "0.300". this will tell leo to try and buy at 0.3% lower than what is currently on offer.
9) Right click your chess piece and "Save all strategies", so it sticks if leo crashes.
10) Hit start and leave Leo do his job.
If all goes well, and you have a horizontal wavey market, you should be making 3% gains every trade. Of course, this doesn't sound like much at $3 for every $100 traded. But, if Leo smashes out 10 trades in the 24 hour period, you now have an extra $30. This $30 can be then used to start another crypto trade by going back to step one, and researching.
Also, use an app on your phone to track trades. I use "Delta" on my android. you can enter in the exact amounts at buy and sell times, and it will give you an exact amount gained or lost.
Seriously man, it's a pretty fun learning curve. If you take the time to play with the demo side, and learn it first, you can't really go wrong. I spent 4 days straight playing with Leo before I purchased.
Good luck, happy trades.
- DKR
Thanks for sharing your experience DKR!
All the best,
Jonathan
