I started my experiment with trading bots. And there is already a result: profit greater than from Earn in BNB with megadrop and other bonuses.
In the previous experiment with Earn in BNB, my deposit increased by 1% in one month. That equals 12% annual return.
Only 12 days have passed in the experiment with bots, and the deposit has already increased by +7%. If the trend remains until the end of the experiment, it will result in 212% annual return, which is very good.
I have several coins that I buy every month for a certain amount, regardless of the price on that day. One of the coins is $SOL .
Now I will definitely make purchases only through the Spot-Grid-Bot for $SOL . For example, I want to buy $SOL for $100. The current price on the spot is $131. I will now make this purchase through the spot bot.
I will create a bot with the conditions: price from 122 to 132, ascending trailing up to 140, grids of 20 or 25. And I will monitor the bot; if the price drops below its grid, I will stop it without selling the coins. To transfer the purchased $SOL to a wallet for long-term storage.
I’ll try to explain why I decided to do this. Initially, I planned to purchase SOL at a price of 131 on the spot. But I decided to do it through the bot. Therefore, I indicated the upper price of the grid close to the current price. And I set the lower price to 10 less. I did this in case the price falls, so the purchase occurs at a more favorable price for me than 131.
I indicated the ascending trailing 10 higher, in case the price goes up, so that the lower part of the grid stops at the current 130. In this case, my purchase will be less profitable than if I had bought it immediately at 131.
And I watch the bot. If I see that the price has dropped below the grid and is unlikely to rise in the coming days, I will stop the bot and move the SOL purchased by it into long-term hold.
Thus, I will fulfill my plan for purchasing SOL and additionally earn from volatility.
If the price shoots to the moon and the bot buys nothing, nothing terrible will happen. For this case, I already have a reserve of SOL. This situation will serve as protection against buying at high prices.
I also realized that using a bot is not simple. You need to know how to use a calculator, watch support and resistance levels to increase the chances of the bot working successfully.
My first launches of the bot were unsuccessful. The price always went beyond the bot's limits, and the whole point of purchasing through the bot was lost.
The bot's results are noticeable on coins with high trading volumes: BTC, SOL. I will not launch the bot on other coins. And I always buy these two every month.
In other words, I only launch the bot for coins that I plan to hold for the long term. If the price drops, I buy at a more favorable price for holding. If the price shoots up, I buy nothing and wait for it to drop again. And the bot does this for me. The bot earns profit on frequent ups and downs and gives me an additional bonus to the deposit. To maximize this bonus, the coin must have the highest possible daily turnover.
I am not a pro; I share my experience in learning to trade crypto. At the moment, I am satisfied with the results. You can't buy a 'Lambo', but an additional % to the deposit is always nice.
Hodlers, keep growing your fur and take care of yourself😉
