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/biz/ - Business & Finance


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25908641 No.25908641 [Reply] [Original]

Sup /biz/, cryptotrading newfag here. I started out messing around trading with the Pionex GRID Bot and am now checking out Coinrule, and I'm wondering if it's possible to set up a bot with a simultaneous trailing buy and sell.

Example:
>BTC goes up 10% then drops 1%.
>Bot sells on the 1% drop.
>BTC goes back up 1%.
>Bot re-buys position.
>BTC goes up another 4% then drops 1%.
>Bot sells on the 1% drop.
>BTC drops back down 10% then rises back up 1%.
>Bot buys on the 1% rise.
>BTC drops back down 1%.
>Bot sells back off on the 1% drop.
>BTC drops another 4% then rises 1%.
>Bot buys on the 1% rise.
>BTC goes up 10% then drops 1%.
>Lather, rinse, repeat.

Is something like this even doable with a free cloud-based bot? I'm not really looking to become a power trader to make massive gains with huge leverages on a bunch of coins, but more to come up with a somewhat stable strategy to make a bit of extra profit taking advantage of fluctuations without being stuck within a fixed range such as a GRID bot, while I can also hodl BTC on the side if I wanted to (I'm planning on doing either a 50/50 or 2/3 split into hodling/trading of any funds I put into crypto). Or am I better off just running a GRID bot?