User reviews"My review:
I have to say, I am thoroughly impressed by this bot. I've never used one before so I was hesitant going in but the Eonbot team is wonderful. The developers were very eager to help out and were patient as well. Whenever I have an issue they are lightning quick to help out and fix the problem.
To the bot itself, I really like the simple GUI. The only thing that may be challenging is learning how to set it up but the team is there to help if you have any hiccups. After that it's smooth sailing and you let the bot do it's work. While running it I put in around 50$ as a test run and after seeing it do trades, I've continued to add to it. The profitability varies depending on your trading method.
All in all, I really like the bot and would purchase it again for sure. It's constantly being updated too so get it while it's cheap!"
-SneakyFish5
[Source:
https://www.sythe.org/posts/28355977/]
My Review of EonbotThe marketplace for automated cryptocurrency trading software is growing rapidly. With so many different options to choose from, which bot is right for you? Eonbot might just be the one. I’m assuming that if you’re reading this you have some familiarity with other trading bots. I have tried all of the major crypto bots and after three days of testing I have come to my conclusion: Eonbot is the bot I’ll be using for my auto trading software. Here are the reasons why Eonbot rises to the top for me…
1. My average profit PER TRADE over the three days of trading was 3.05%. That’s outstanding. With the proper strategy you WILL be profitable. Examples of trades are later on in this review.
2. Eon is stable and reliable. Many of you reading this review are going to focus on the 3.05% profit per trade. And yes, we’re all here to make money. But profits are the end result and you can’t achieve the result you want if you have a piece of trading software that you can’t trust. And this, to me, is where Eonbot shows its strength - you can trust it. It’s reliable and most importantly, PREDICTABLE. The first thing I did after starting the bot was reviewed the logs and compared them to what I was seeing on my exchange charts and on TradingView charts. And the logs lined up PERFECTLY. Many of you have used some of Eonbot’s other competitors and perhaps you’ve had those situations where you saw those other bots had made a trade, you looked at your strategy, and then you wondered - why in the hell did the bot buy near the top of a Bollinger Band when your strategy says to buy at the bottom. That is not happening with Eonbot. I just cannot stress this enough - a bot that isn’t predictable is useless to me. Eonbot is stable, emotionless, and PREDICTABLE. And thus with the right strategy over time it will also be profitable.
3. The dev team is strong. They have been incredibly helpful and personable. BitBen one of their resellers and a guy many of you know from other crypto bot communities, has also been extremely helpful. The customer service side of things is critical. These devs clearly care about this project and they have a well thought out roadmap of where this project is headed. They also seem VERY receptive to new ideas and suggestions regarding features and improvements for the bot. Their Discord chat is here:
https://discord.gg/emUevBuTL;DL: Buy this bot NOW while it’s at a great price. With the right pairs and strategy you’re going to make profits. The devs are great and have a ton of additions planned for the bot so this project has a great future ahead.I’m going to go into a bit more detail on some things in the next few posts. The install, strategies, examples of trades, and a look at logs vs charts. Thanks for reading!
My Review Part II - Trade Examples and My StrategyThis has certainly be been a dramatic week in the crypto world. Increased media attention, a sharply rising Bitcoin, and alts bleeding one minute then rising the next. To be fair, this is the type of week most people have their bots off and that includes me. But I was excited to try out Eonbot and so I used a very small amount of capital to test and turned on the bot. Needless to say I was happy with the result - a 3.05% average profit per trade. The only mistake I made was not throwing a couple of BTC at this bot and just letting it run more. Trust me that has changed already. The bot has four strategies which I will review more in a future post. For now I will show you examples of trades the bot made on NEO and XLM using the Bollinger Band strategy to buy and the Spark strategy to sell. See the screenshot here:
http://oi68.tinypic.com/5f1ye0.jpgNote: I set my Bollinger Band to buy at 0 which means to buy at the absolute low line of the band and then to sell via Spark which utilizes a trend watcher the begins looking to sell at the minimum percentage you input. I'm conservative and a scalper by nature so I set my sell at a minimum of 1.65%. The fact that the bot consistently sold much higher than this shows that the trend watcher WORKS! Here is a screenshot of my trade setup screen:
http://oi65.tinypic.com/wkipmt.jpgMy Review Part III - Logs vs ChartsThis is the part where I really fell in love. Look at this screenshot (
http://oi65.tinypic.com/j7q8nl.jpg) and compare the log vs the chart. The math lines up. Some may say "Well, isn't that what it's supposed to do?". Yes, that is what an automated trading bot should do but you would be surprised how many of Eon's competitors don't. If the bot isn't properly calculating then you are bound to get buys/sells at bad positions outside of the range of your strategy.
Eonbot is safe, solid and predictable in this regard. The bot never lagged during it's runtime and I spent HOURS watching logs vs charts and watching buys/sells happen in real time. And I came away from the experience being VERY impressed with EonBot.
-defvader
[Source:
https://bitcointalk.org/index.php?topic=2356697.msg26484372#msg26484372 https://bitcointalk.org/index.php?topic=2356697.msg26488345#msg26488345 https://bitcointalk.org/index.php?topic=2356697.msg26491247#msg26491247]
Parodium's EonBot Review (Windows) - 26th January 2018
InterfaceEonBot has a sleek, easy to use and well designed interface with the configuration tabs clearly defined. Within the GUI you can modify main configurations, e.g. exchange used, apply your API keys and select the buying/selling strategy used, as well as configure the main parameters for these settings, such as buy-in price, and sell-out price, amongst other features such as enabling and configuring the BagBuster feature, enabling auto-sell at a particular loss percentage, and delayed cancellation of open orders.
Beyond this, the parameters used for each currency can be further configured in the sub configs editor tab, whereby you can set different rules for different currencies, e.g. one rule for XRP, a different rule for ETH, depending on the market conditions. The market currencies tab allows you to select which currencies you want the bot to trade with, and allows you to set a maximum trading per trade (the bot will only open one trade per currency at a time). Ideally you want to work with as many currencies as you feel comfortable with, to minimize the delay between opening and closing orders.
EonBot can also be remotely controlled via Telegram, enabling you to react to changing market environments even whilst away from the computer.
SetupEonBot consists of two main parts:
1. The bot
2. The GUI
To get the bot running, you simply create your main and sub-config folders, and place the bot in the correct location, apply your API keys in the GUI, select your chosen strategy/s, select the trade pairs you want to work with, and you're set. (Full setup instructions are provided in the EonBot wiki). Under normal conditions, you will have EonBot running in under 10 minutes (on Windows). EonBot also has support for Linux and MacOS, I tested the Windows version, but I imagine that installation would be equally simple on other operating systems.
MethodsCurrently EonBot has five basic strategies that you can choose to employ in your trading, these are;
1. PingPong
2. Basic
3. Spark
4. Bollinger Band
5. Rollercoaster
Each strategy is clearly defined in the included wiki (accessed via the GUI) and have numerous sub-parameters which can be modified to best fit the current market trends, or ideal strategies for each trade-pair. Within the EonBot discord channel is a strategies channel where users can discuss strategies, and sharing parameters and ideas about which parameters to use for different situations. Ideally, when first starting out you would use the basic strategy, which simply buys and sells when the market is a defined percentage below and above the current market price. Once you're comfortable, you can then move to other more complex strategies.
SupportThe support is one of the best features of this bot, the devs clearly state that this bot is a work in progress, though its current feature-set is impressive, the devs have a long list of features they will be adding in future. All queries I had regarding the bot were answered within hours, and typically within minutes, and always addressed professionally. The discord group used for EonBot is clearly segregated into separate channels including help-desk, suggestions, discussion, issues, strategies and general, along with a clearly defined list of known-bugs and knowledge-based containing helpful tips and setup instructions to make using the bot simpler. One of the things I noticed about the EonBot community is that they are more willing to share strategy parameters and insight than other bots, making it a less steep learning curve rather than figuring out the ideal parameters alone.
Updates are frequent, and are clearly announced via the announcements channel, with download links provided in the downloads channel. The developers are almost always online and quick to respond to queries directly.
ProfitabilityCan you make money with EonBot: Absolutely.
Will it be completely effortless? No.
Will you need to do your research? Yes, frequently.
EonBot will adhere to the parameters you set, for better or worse. If you set too narrow parameters, EonBot may not execute any trades, if you set the buy in to a crypto with poor liquidity, you may be left holding the bags etc. However, if you adequately perform your research, understand how each strategy works, and determine which strategy is best based on current market conditions, then you can certainly make a profit. Many cryptos are roughly stable in their value, trading sideways, these are ideal targets for the pingpong or rollercoaster strategies, other cryptos see a more gradual increase, these are targets for the bollinger bands (moving average) strategy. Overall, you need to understand where you think the market is going, and allow the bot sufficient room to operate, whilst checking periodically to see that the market hasn't changed, at which point you may need to rethink the strategy used, or adjust some parameters. EonBot automatically executes trades based on the parameters you provide, it is not a money making machine.
When starting out with the bot, play it safe, start off with a small trade limit, e.g. 0.001, and use a stringent rule set to minimize loss and maximize gain, ideally you will understand the markets you are trading in, and will be able to make an informed choice about the parameters to use. Once you can comfortably profit whilst playing it tight, you can begin to experiment, broadening your buy and sell ranges and hence increasing your profitability.
PriceCurrently EonBot is 0.03BTC with a 7-day moneyback guarantee. That works out about $320 at current rates. I believe it is worth the money, particularly for those with over 1BTC to play with. If you're starting with a tiny amount, it will take you a long time to make your money back, however starting with a reasonable amount such as 0.5-1BTC, it is not difficult to make your money back after a few trades, particularly so when the market is up.
SuggestionsAlthough EonBot is new, and has a lot of room to grow, I think a few simple improvements could certainly improve the overall experience;
1. In the wiki, include information on ideal strategies to use in different market conditions, with examples.
2. Allow sorting of trade-pairs by various metrics, such as trade volume, 24 hour increase, and market cap. Currently, the alphabetized arrangement leads to unnecessary scrolling.
3. Include an option to override the single trade per trade-pair
-Parodium
[Source:
https://bitcointalk.org/index.php?topic=2356697.msg28968894#msg28968894]
