How to connect?
To connect to the bot, you need to enter the /start command in it. Further instructions and actions will be described in the bot itself. Read carefully what needs to be done.
Do I need a computer to work with the bot?
You can control the bot from any convenient device that has Telegram - smartphone/tablet/computer.
Do you use this bot yourself?
Of course, everyone involved in creating the bot actively uses it. The strategy was initially tested manually. Then a bot was created to significantly simplify and speed up this process. After that, a bot was created for mass use.
Can you withdraw money from my exchange account?
No, we don't have such technical capability and we're not interested in it. You control access to actions on the exchange side. In the API key settings, you don't need to enable withdrawal access.
What trading principle does the bot use?
The bot trades by buying an asset for your specified amount of USDT and/or USDC with subsequent placement of a limit order to sell at a price higher than the purchase price. On price drops, the asset is bought in a "ladder" pattern when the price drops by n% from the last auto-purchase price. On growth, previously placed limit orders are executed and the cycle closes, after which the bot automatically starts a new one.
Why is this strategy better than "Buy and hold" or "DCA"?
Those strategies imply a growing market. While our strategy allows you to earn not only on growth but also on decline, as well as on flat (sideways) price movement.
Can I also trade manually?
Yes, you can trade manually using this strategy. However, you will need to regularly monitor the rate, calculate percentage values, manually set them on the exchange and immediately open new orders. The chance of making a mistake due to human factor or not having time to place an order is quite high. The bot eliminates calculation errors and saves a lot of time on many routine processes. All actions are automated and save a lot of time.
Can the bot lose my deposit?
No, the bot cannot lose your deposit. The worst that can happen is an overflow of USDT and/or USDC into a certain coin due to incorrectly set parameters.
Can I place an order for the entire deposit?
You can by setting the parameters through the appropriate command. However, this increases your risks of freezing the entire deposit (USDT and/or USDC) in the asset and missing potential profit from further price movements. We recommend dividing the deposit into approximately 20 parts.
Can I store my assets in a cold wallet?
Since the strategy involves regular transactions, assets must be stored on the exchange on a spot account.