Why is it that just one person is posting his trading result, I have issue with that. All these trading bot do well in bull market and perform worse in bear market. I am still waiting for a bot that can deliver in a bear market because if you profit is put at 1.5% and the market fall by 5% then you have lost all your profit and money in just a fell swoop
Oh boy, many things to address there. Valid concerns nevertheless.
Why is it that just one person is posting his trading result
Please join one of the telegram channels and ask people for their results there. Many LunaBot users aren't using bitcointalk!
All these trading bot do well in bull market and perform worse in bear market. I am still waiting for a bot that can deliver in a bear market
Look at the configuration builder lunabot has. It's quite advanced and could be built into a bot with the goal of performing in bear markets. However, even the recomended configuration comes out of bear markets with great profits as soon as they end. See:
LunaBot's double up feature allows it to weight it's bags to a reasonable price and come out of market slumps with great profits. This helps profit through all market situstions:
On normal days, the usual volatility bof crypto has the bot completing many trades.
On bearish days the bot might double up several times with reserves on its bags but as soon as the market goes to the slightest green the bot can quickly trade bagged coins for big profits.
Here is my progression so far. As you can see. Yesterday's mini "bloodbath" ended up turning in decent profits for what I am trading with.
if you profit is put at 1.5% and the market fall by 5% then you have lost all your profit and money in just a fell swoop
The double up strategy, which you get for free if you sign up, is pretty secure in NOT allowing that. It reserves funds and highers your position only IF the price goes down substantially. Double up can happen several times, and hence why you'd need big reserves. But this results to coming out of the price fall back to profit.
Thanks for the questions! If you have more let me know. You can also register and post your email here or msg me for an extended free trial. The bot itself only accesses trading with your exchange balance through API. There's no access to withdrawals from the API of exchanges. So in that regard, you can get to test it without risk.
Nice bot, have signed up for a test account and will be running it for a few days to test.
Question: if a lot of people are using your bot, how do you get around IP/rateLimitations for the exchanges given that (presumably) your requests all come from the same IP address?
IP limitations on exchanges are opt-in.
