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Re: stiv post# 2013

Sunday, 01/09/2022 7:23:50 PM

Sunday, January 09, 2022 7:23:50 PM

Post# of 2188
Here is another idea for you.

I have looked at several trading bots for crypto and they were all very similar, ...and unimpressive. These generally 'grid' trade, meaning you set up a grid, which is a series of price points, and every time the price crosses a grid line from below, it buys, and every time it rises to a preset profit, it sells. You then wait for the price to drift back down into or below the grid and it does it all over again. These work best with volatility within an established trading range established, and you set up the grid within the trading range.

Here is an example of grid trading beginning at 1:33;


Kucoin has something similar. Grid trading example beginning at 11:00;


As I said previously, I have been unimpressed with these.

However, this holiday season when I had time to look again I found something else. Something quite interesting actually.

https://mudrex.com/

This video at 4:00 shows how to set up a bot trading with MACD rules;


This video at 5:00 shows how to set up a bot trading with Ichimoku cloud rules (one of your favs);


Another interesting offering within Murdex is 'coinsets'. Murdex has identified groupings or families of coins it has put into a set, not unlike a basket of stocks in an ETF. You can trade the coinset, and Murdex makes all the transactions of the individual coins automatically.

https://mudrex.com/coinsets/invest

Murdex is an independent tool that works within Coinbase or Binance (and a few other exchanges too) once you provide the permissions/setup.

I am still learning. I have not yet gone live with this, but am in the process of setting it up so I can paper trade and learn more before I risk real money.

Let me know if questions.

GLTY

My posts are my opinion. Always trade at your own risk.

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