Automated Trading Challenge - Profit at $1,188.91 - Profit 36.5715% - 2 Months

[lixer]

--snipped--

First of all I would like to say I like gunbot, it is not a bad bot compared to others, so I am not here to say anything bad about the bot. But to be perfectly honest with you, this is a marketing move and you are here to sell and that is the truth. You can keep calling it "experiment" and whatever and say "nobody forces anyone to buy anything" but the "idea" is selling more.

The main idea is, you will publish results, it will be awesome, everyone will see how much you made, they will want one too, and since you are an official reseller you are going to sell them gunthars bot and make a ton of money. That is the "dream" for this topic, it is not to just show your results and that is it.

If you are so honest about it being just an experiment and showing results, at least be honest and not share your own website and share gunthars OG website, it is gunthy.org and not something else.

[jackg]

@crwth I've always considered gunboat but never managed to work out how reliable it was for a good trading strategy. Licences seem quite cheap though but even the best trading strategy can liquidate everything in futures trading with a big crash(l (normally because ethe exchange can't process stuff in time). Are you able to set a risk tolerance so it only trades 25% of funds at a max of 25x for example?

It's a good investment, especially if you have a trading strategy that you want to automate. With all the various indicators and capabilities of Gunbot, it can surely accommodate whatever you need when it comes to trading. The community is open to suggestions as well if you need a specific indicator or feature that would improve trading.

You could set 25% of your capital as your TRADING_LIMIT. So for every trade, it would use 25%. For the leverage side, it's on the exchange side, so you set it manually. For other exchanges like Bitmex, you would include Leverage as a function. Almost everything can be automated like the addition of pairs with a specific volume etc. It can be done. I would be happy to assist you if ever you are interested. 

Apologies, I didn't see this until now.

Thanks for the response, is there any chance you could pm me how much licensing normally costs if you know? I'll probably have a look in a few weeks once I can determine if my current strategy would work with automation.

I have manual bots trading moving patterns, I'd like something to trade the continuation gaps in between (and potentially breakouts missed by the manual traders too).

[Yogee]

..... What's the exact risk with such automated bot?

The bot breaks down and will not execute trades that it has been instructed to do. crwth didn't mention that maybe because gunbot is reputable.

The bot breaks down how? What do you mean? Do you think it stops by itself? It has been tested continuously, and if there are bugs to report, it's relatively easy, and it will be fixed right away, and you could easily update it. If there are configuration errors, you could always reinstall it. Besides, there's an automatic backup for your configuration on your setup. I didn't think to mention it because I didn't experience it with this setup.

I took Pffrt's question as referring to trading bots in general and not specifically Gunbot. I don't think all trading bots are tested as rigorously as others so there's always that risk of bugs and other errors from the developers end. Not all trading bots have the same level of support when issues occur. The risk may be minimal but it's still there.

[ReiMomo]

I'm following this thread since you are creating this and now I'm starting curious how does trading automated bot will work.

I guess this is good if you cant focus the market well, the whole thing I know with the bot is to execute your command with perfect timing, therefore, it is all matters to you how will you set up the bot. If you're lack TA the bot will I guess will not work properly and gain profit as you were expected.

I'd say, good luck with this. I'm still watching your update and I hope I saw progress before I will be using a bot and as what you've said, don't be shy to approach you.

[crwth]

Sorry that it took quite a while to update this but I stopped the bot and withdrew the funds because of an unforeseen event IRL. I really needed the money for personal reasons. I thank you all for the support but for now I stopped it because of funding reasons. I will continue this again when I have enough capital again.

I took Pffrt's question as referring to trading bots in general and not specifically Gunbot. I don't think all trading bots are tested as rigorously as others so there's always that risk of bugs and other errors from the developers end. Not all trading bots have the same level of support when issues occur. The risk may be minimal but it's still there.

I understand and there are still a lot to cover but it's all in the traders hands as well on how they will let the bot handle their trading.

I'd say, good luck with this. I'm still watching your update and I hope I saw progress before I will be using a bot and as what you've said, don't be shy to approach you.

Thanks for the good luck. For the next experiment it would be best. Right now, I need the funds for something else.

[crwth]

Let me update you guys with this thread. I'm going to do a restart of this thread. Thanks to Gunthy LTD, this is possible.


This is my current position with my Gunbot. Check the image below.



I'm using 8 pairs, and all the trading limit is a small position, so pretty far away from the liquidation price.

Can anyone suggest pairs that might be profitable? I'm going to change pairs in the coming days if the results are not that great.

[Vispilio]

So what was the final result of the earlier experiment before you withdrew? It would be great if you make a chart of monthly results so people can also judge the max drawdown vs your expected and realized profits...

As for this current version, the first 3 pairs you picked are more suitable to high frequency algorithmic trading than Polka Dot (actually this might be ok, it needs more time) and Monero, good luck

[crwth]

So what was the final result of the earlier experiment before you withdrew? It would be great if you make a chart of monthly results so people can also judge the max drawdown vs your expected and realized profits...

It was around $1430. Unfortunately, I cannot create a monthly result if it was short in time. Maybe I would get it with the experiment now, knowing that this is for the long run now. This has funds to be spent.

As for this current version, the first 3 pairs you picked are more suitable to high frequency algorithmic trading than Polka Dot (actually this might be ok, it needs more time) and Monero, good luck

I guess, the bag that I have right now is with XMR. What pairs do you think are better?


These are my current positions

[crwth]

I'm really quite concerned with my position on XMR, hopefully, there would be a big dump with that pair. It's quite far with the liquidation price and my cost averaging is put to a hault due to the max DCA that I had. Let's see in the following days.

The result so far is quite good with a couple of dollars in gain. We are keeping it in a safe and conservative way of trading.


Update on the account positions.

[crwth]

After a couple of days, 1.7662% of change is better than rekt for sure. It's definitely not bad for a conservative approach to a strategy.

The average trading limit (invested amount per trade) is around $10 per pair. Depending on my current position, the amount of trading limit is varied for the DCA (Dollar Cost Averaging) strategy to make sure you don't go out too much on a certain pair.


Below are my current positions in the GUI

[crwth]

The position for XMR is getting closer to the average price that I bought; maybe in a couple of days, it could go down in price even further. Hopefully, we could get out of this position soon, and I will probably change this pair for a more profitable one. I'm still currently looking into that.

Below are my positions at this moment.



Currently running at a great state. Hopefully, this continues overtime and longer. This feels like the right strategy to profit and stay in trading for a long time. We will never know.

[crwth]

With the recent ATH by BTC, it has caused altcoins to be affected in a way, and there are still no bears winning the price action. Hoping in the next coming weeks, some of the altcoins, *ahem* XMR, to make a bearish trend so that I could remove that pair and change it for another, lol.

Below are my current positions with the GUI.



I have updated the first post as well.

[crwth]

My current bag - XMR

My bot stopped DCA'ing the pair because the pair actually hit the liquidation limit that I set in the bot. I could just HODL that bag for a while and hope that it goes down to my average entry price. Essentially, still profitable but with this bag.

[crwth]

I have this feeling that I want to rush the process. I want to be greedy and make more possible profits but once I felt that, I know I shouldn't be. I don't want to let my emotion of greed get the best of me. The current setup is working, an average of $8/day is really not that bad. Hopefully, in the long run, it continues. I just can't wait for what the outcome could be.

I still have the XMR bag, I hope the price would go down soon. I have the necessary settings in the bot already so I don't have to worry so much.


Below is XMR chart in 5 min. Hopefully, it goes down continuously.

[crwth]

Here is a breakdown of how many profits I had with the different pairs that I have in my account in Binance Futures. It is showed below in the right chart.

The lowest profit that I have is XMR, so I hope it goes down and let me change that pair to get a more profitable one.



USDT-COMP, USDT-ADA, and USDT-VET are the best-winning pairs currently. Maybe the criteria that I have there are replicated in other pairs. Any ideas anyone?


I have updated the OP and the current cumulative PNL% is 4.7186%

[crwth]

A little more dump, please. The current position of my bag, XMR, is at -54%. It was previously -200%. Look at the chart of XMR at a 5 minute timeframe. I'm feeling a little hopeful with it. ~2% price difference. Hoping for a little more dump.

Average Entry Price: 141.67017
Current Price of XMR: 145.38

But let's not be emotional and let Gunbot do its thing continuously. No interventions whatsoever. 




Current positions:

[crwth]

It reached -36% ROE with XMR around 10 hours ago but it rose in price again. It didn't reach my average entry price and the position wasn't closed. I still have that bag. Let's see what the price action would be today.

Additionally, I deposited some USDT towards the account. I would be trying to take advantage of the compounding interest. Let's see in a couple of months what the result is. The summarized table is in the second post on how much deposited etc.

[crwth]

Added a couple of dollars towards the account again. I had a couple of cash vouchers won from Binance so, thrilled to have that. Currently participating in the Gunbot Tournament as well.

https://tournament.gunthy.org/

An update, the current positions that I have during this time of posting.



Now I have 3 bags with my current setup. I will wait till the market recovers. I have some hard reduction setup, so if ever needed to kill the position, it will. Let's see in the following days.

[crwth]

So the other bags that I had were removed, and the XMR bag remains. As long as we're using the conservative strategy, it's okay. It's pretty far away from the liquidation limit.

I have updated the OP for my recent gains. I'm happy with the current results that we have. 5.83% gain in half a month is excellent, IMO.

[crwth]

Great profit during Christmas day. 15.676 USDT in a day. This is not bad considering the previous days that we had. Still averaging around 8.305 USDT per day on 16 Days, which is really not bad considering the only cost to have continuously is the VPS monthly. Otherwise, the license is a one-time payment only, and you don't need to pay for anything else.


Updated the OP and if some of you got questions, post em up.