Hello fellow traders or potential future traders!
I used the terminal(bot) long enough to leave a very detailed review and personal feelings.
I started trading with Moonbot at the end of February, so I covered and lived through all possible market fluctuations, happenings, hacks, etc.
In short words, you have an INSANE advantage over the whole market. So in many cases you will be one of the first who notices any action, and possibly even one of the first who enters a HUGE raise on random alt coins only by using Moonbot and setting up it's detects.
Generally, many users use this app, as trading bot, trying to automate their actions. I, personally needed immediate results, so after trying a bit with strategies, receiving some good results in them, I still figured out that the most profit you can get only by manual trading, specifically SCALPING. So for the last 4 months I was doing mostly scalping and managed to cover the crazy April market. In April I made around 1000% from initial 600 USD, 10x as they say in the trading communities. When the markets started going down in May, June it was very hard in the beginning to earn anything as the coins were mostly dropping, and any turnaround was followed by a consecutive drop and most raises, were just correction of a bigger following drop. The hardest in all this was the fact that trading volumes were dropping significantly. so after completing my previous goal, increasing my deposit and finally getting the possibility to trade with a much bigger ordersize, I got weak market, dead coins, red markets. It was a few weeks of constant losses, hitting stop losses, disappointments. the market was squeezing weak players. I was definitely considering myself not one of them. Took a few days off, figured out that I was spoiled by earlier boosting markets and huge profits, and was not prepared for a significantly worse scenario. I had to revamp my attitude, review my trading rules and start pretty much all over. 5 minutes to change my target sell prices and possible stop loss settings, and I am back on track. Little by little
May +100% to deposit. June another +200% to deposit. Beginning of July +400% to already increased deposit, during the SYS hack, within several hours. Shortly overall, initial deposit - 120 USD (0.02 BTC), no other deposits. cashouts up to date, in total, over 1 BTC. 50x over several months, meh?
After the hack, Binance reset everyone's API keys, pretty much disabling everyone's connections to Moonbot or any other trading platforms. By the time, the connections were reset in a few hours and I was able to trade with Moonbot in a few hours, I tried to trade directly from Binance website, manually, like I did half a year ago. My feelings were:
- I am blind
- I do not know what will happen now, I cannot see the ordersbook
- I cannot trade fast, like I did, with Moonbot, I cannot enter fast, I cannot exit fast, Market buy and sell, is a joke
- Where are my beloved stop-loss, trailing stop, sell price insta replace, V-STOP ?
- As if I am trying to do something and my hands are tied.
So it was pretty much defined. If I will be trading, it will be only with Moonbot. I'm hooked up.
Feel free to find me in
https://t.me/Moon_Bot_PublicGood luck with trading!
