Brink - Automate your Bitcoin tradeshttps://auto.exchange.pink/Brink is essentially a build-a-bot to automate your Bitcoin trading. He costs nothing upfront, as you are only charged 20% of profit. You must deposit BTC into your autochange account, and as Brink closes for profit, the fee will be deducted from your autochange balance. If your balance reaches <0 BTC, the bot will wait for the current positions to close, and stop opening anew until you refill your account.
Of this 20% a portion is dedicated to both Pinkcoin and Jumbucks for buy support. So if you are not one for running bots yourself, you can still invest in either of these coins and benefit from their success. On top of that, 2% of the fee is dedicated to referrals, so if you know someone that could/would benefit from automating their BTC trades, create yourself an account and share your referral link with them.
Brink settings explained:
Generic
Output is where you'll be able to watch what Brink is doing real-time.
Debugging will output any errors your bot encounters.
Example of an output:
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Exchange
Brink is only on OKcoin, so here you can pick which market you would like him on, and include your api keys.
When creating your api keys, we do not need, and recommend not activating the withdrawal access.
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Order
Here you can enable/disable longs and/or shorts.
Choose your leverage preference.
Ratio offset: This is where your orders ratio will begin, so -0.6 in the example is to cover the fee. This is necessary for when you set your take profit. If you were to take profit at 1% with a -0.6 ratio offset, the bot will know to close you at 1.6% to get your actual 1% profit. If you leave this at 0, and take profit at 1%, you would actually be closing at 0.4%. I will elaborate on this more in the profit section.
Book Spread: This is what determines when Brink will execute an order, you can have it act from no spread (0) to whatever you please. The wider your spread, the less active but more accurate your orders can be. This also varies a lot between the market you are on, weekly spread is a lot tighter then quarterly for example.
Delay close: Brink has a unique trick when it comes to closing orders for profit. If you are set to take 1% profit on a long and that price is at $220.10, but the top sell is at $220.20, Brink will undercut at $220.19. If your delay is at 10 seconds, he will continue to reposition himself, doing his best to get you the most profit possible. If he places it at $220.19, and someone undercuts him, in 10 seconds he will move his order lower, doing his best to remain the top order to lock in your profit.
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New orders
This is where your strategy with Brink will truly come in to play.
Open Delay: He will reposition your open orders according to this setting. You can have your orders go in and out of the books quickly, or have them sit for awhile. Typically if your levels are near the top of the book, you'll want to reposition often, if you're keeping a good distance, you may want to sit for awhile.
You have up to 10 levels of orders to position each signal (dependent on your spread setting).
The first two boxes per level are your contracts. 1 - 0 will always place 1 contract, whereas 1 - 3 will randomly generate an order between 1 and 3 contracts.
The following 2 boxes (overcuts) are the price range in which Brink will place your contracts. In the event of a long, these levels are based off of the current top order. So if your settings are $0.01 - $0.10, and the current top bid is at $220.00, Brink will place your contracts between $220.00 and $219.90. The exception here is if your first value is 0, he will sometimes undercut the top bid, therefore placing your order at $220.01. So if your settings are $0.00 - $0.10, and the top bid is $220.00, your order will be placed between $220.01 and $219.90. If you always wanted your level 1 to undercut, you would set it to $0.00 - $0.00.
Here is an example of levels, and their ranges shown beside the order books.
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Hedging
In this example, if you had a long open, it would ignore all short signals until your long was at +10%. If you wanted to always open the opposite order regardless of the current positions ratio, you would hedge above -100 and below 100.
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Stacking
This is the setting for averaging up/down. If you're in a long, he will ignore all other long signals unless your current long position is at -10%, in which case he would place your long open levels upon a long signal.
You can use this to build on negative orders, positive orders, or set them both to 0, and let him just open upon every signal.
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Long positions and Short positions
This is how you tell Brink when to take profit or cut losses for you.
Cut Loss: A market order that will GTFO once this ratio is seen. Depending on the market you are on, the spread and liquidity, this will likely result in a loss for more then your setting.
Take profit: This is the % you would like to see the order achieve. This is always in the book ready and waiting, it will cancel them according to your close delay, and replace them just in case the spread allows for him to undercut for more profit.
Per profit level: This is in the event you would like to take profit in chunks. If you have 10 contracts open, and your per profit level is 10%. It will place them according to your take profit %. In this case, 5% tp and 10% levels would place 1 contract at 5%, 1 @ 10%, 1@ 15%... This are repositioned according to your close delay as well, so if your 5% order is filled, and the orders reset, it will place another at 5%, continuing to do this until your position is completely filled and all orders have closed for profit.
Profit Failsafe: This relies on levels, and is similar to a Trailing Stop that is triggered per level. So if your level 1 at 5% is achieved, it and the price comes back down 4%, it will close the rest. If your order makes it to level 2 at 10%, it will essentially lock in profit at 6%.
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Maximum position
This allows you to set a maximum position size with its own cut loss and take profit settings. So it will build your position to this maximum and close according to these settings.
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Here are some screenshots from one of our BETA testers taken today.
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If you have any questions about this bot, or the other bots on autochange, please feel free to contact me.
https://twitter.com/CryptoRoxYou can also join us in the Pinkcoin slack room by requesting an invite from anyone in the #pinkarmy, or join the
Jumbucks slack which is open to anyone. We have a channel dedicated to our bots in there.
