Hey everyone. Thought I might share this 'free'(not entirely) trading bot with people from LTBForums. I've been using it for about 2-3 weeks and although I have not made a lot of money trading, I have made some money off trading while using this bot. It trades 10X/20X futures on OKcoin or Margin 3.3X on BitFinex.
You are probably starting to ask "so it's free, don't trust it". Well it's not entirely free since the developers of the bot take a cut of 20% for each profitable trade the bot did for you. So if you make 0.1 BTC profit from a trade, they will take 0.02 from your profit leaving you with 0.08BTC.
Okay, so this is my referral link if you'd like to try it out and the first profitable trade is free to do- https://auto.exchange.pink/register/d3i/
So far the bot only works on OKCoin and BitFinex and the method they use is to have you set up an account on their website and provide your API and API secret key from your trading exchange. To test this bot out I recommend that if you have already have an account on either of these two exchanges you just create another one and seed it with a small amount of BTC to test out the bot. That way you are not testing the bot with your entire stash of trading BTC.
The way the bot takes its percentage cut of the profits is through your Autoexchange account which you must provide with some BTC. So for example, if you are trading with 0.5BTC and your target profit is to have 0.65BTC you should ideally have at least 20% of 0.15BTC in your autoexchange account, which is around 0.03BTC.If you'd like to just test out the bot for free before providing autoexchange with any BTC you can do one profitable trade with it before it will stop trading for you.
Now you all might have questions regarding the functioning and performance of the bot. The amount of user control is limited to setting how many contracts(Futures OKCOIN) or margin(BitFinex) you want the bot to make as well as setting take profit levels and stop-loss levels. The way the bot trades is not "High Frequency" and thrives on large swing plays and will wait for those to happen before taking a position. With this recent rise to 268 the bot correctly took a long position very early and some traders made 200% profit (20X OKCOIN).
For the most part the bot on OKCoin(penner) and BitFinex(Procopius) have made some good calls and a few bad calls. It is a little sensitive to catching a fakeout in which it takes a position too early and then has to reverse it quickly, often costing you some -% loss (one day it was -20% for me, but then the next move made me 24%).
If you'd like to see how it trades there are two videos showing the lead trader who designed the bots explaining how the bots work and what kind of trading they are suited for a well as what kind of take profit and stop loss levels they can trade within.
Personally I am using around 0.25BTC to trade with and had I not been as cautious in some situations or greedy at other times I would have closer to 0.4 BTC, whereas I now have about 0.3 BTC.
Videos:
