04-29-2021, 11:03 AM
A redditor has found a potentially profitable configuration for the open source cryp
<!-- SC_OFF --><div class="md"><p>The algorithm is configured to place a buy order when it detects a quick surge in the price of a cryptocurrency of your choice. </p> <p>By default the algo is hooked up to Bitcoin with the following parameters:</p> <ul> <li>A trade is opened when the price changes by at least 3% in the last 10 minutes.</li> <li>There is stop loss of 5% and a take profit of 8%</li> </ul> <p>A Redditor, (who I will be happy to name in the post once they're confirm they are ok with that) has been testing the bot using different values for the above configuration and has confirmed that the following configuration seems to be profitable in the current market conditions:</p> <ul> <li>The bot will open a trade when the price changes by 0.6% in the last 10 minutes</li> <li>The stop loss is adjusted at 0.8% and the take profit at 1.8%</li> </ul> <p>I haven't tested this myself yet, but I will be hooking the bot up using this configuration and generate a report on its profitability.</p> <p>If you want to test this algo in your own time, I have put together a step by step guide on how to implement it:</p> <p><a href="https://www.cryptomaton.org/2021/03/14/how-to-code-your-own-crypto-trading-bot-python/">https://www.cryptomaton.org/2021/03/14/how-to-code-your-own-crypto-trading-bot-python/</a></p> <p>Or if you're more of a visual person, here's a YouTube video guide:</p> <p><a href="https://youtu.be/IyWpfJWQqCU">https://youtu.be/IyWpfJWQqCU</a></p> <p>Lastly, if you're comfortable with Python, feel free to head straight to the GitHub repository and copy the code from there:</p> <p><a href="https://github.com/CyberPunkMetalHead/Bitcoin-Surge-Trading-Alpha">https://github.com/CyberPunkMetalHead/Bitcoin-Surge-Trading-Alpha</a></p> <p>​</p> <p>Good luck!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CyberPunkMetalHead"> /u/CyberPunkMetalHead </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n0cy6l/a_redditor_has_found_a_potentially_profitable/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n0cy6l/a_redditor_has_found_a_potentially_profitable/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The algorithm is configured to place a buy order when it detects a quick surge in the price of a cryptocurrency of your choice. </p> <p>By default the algo is hooked up to Bitcoin with the following parameters:</p> <ul> <li>A trade is opened when the price changes by at least 3% in the last 10 minutes.</li> <li>There is stop loss of 5% and a take profit of 8%</li> </ul> <p>A Redditor, (who I will be happy to name in the post once they're confirm they are ok with that) has been testing the bot using different values for the above configuration and has confirmed that the following configuration seems to be profitable in the current market conditions:</p> <ul> <li>The bot will open a trade when the price changes by 0.6% in the last 10 minutes</li> <li>The stop loss is adjusted at 0.8% and the take profit at 1.8%</li> </ul> <p>I haven't tested this myself yet, but I will be hooking the bot up using this configuration and generate a report on its profitability.</p> <p>If you want to test this algo in your own time, I have put together a step by step guide on how to implement it:</p> <p><a href="https://www.cryptomaton.org/2021/03/14/how-to-code-your-own-crypto-trading-bot-python/">https://www.cryptomaton.org/2021/03/14/how-to-code-your-own-crypto-trading-bot-python/</a></p> <p>Or if you're more of a visual person, here's a YouTube video guide:</p> <p><a href="https://youtu.be/IyWpfJWQqCU">https://youtu.be/IyWpfJWQqCU</a></p> <p>Lastly, if you're comfortable with Python, feel free to head straight to the GitHub repository and copy the code from there:</p> <p><a href="https://github.com/CyberPunkMetalHead/Bitcoin-Surge-Trading-Alpha">https://github.com/CyberPunkMetalHead/Bitcoin-Surge-Trading-Alpha</a></p> <p>​</p> <p>Good luck!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CyberPunkMetalHead"> /u/CyberPunkMetalHead </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n0cy6l/a_redditor_has_found_a_potentially_profitable/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n0cy6l/a_redditor_has_found_a_potentially_profitable/">[comments]</a></span>Kind Regards R