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Vespera and Stelara: first tests to manage a long term portfolio with bots
🕑 Added 2021-02-07 00:09:51 +0000 UTCLet's mention the warnings first:
These bots are for testing, please only use the links to have a look.
I'm not using them to profit, I will be constantly changing the settings of them so I can't guarantee I'll be able to post every time I change it until the final design is settle.
The idea behind these two bots is very simple.
Let's say I have two tokens in my portfolio which I'm planning to hold long term:
- Bitcoin
- AAVE
Let's make some assumptions: BTC will never do more than 100% pump in a very short period of time. There will always be some reversal before we can do 100% in one go.
Same hypothesis for AAVE, but this time is an ALT coin. It can easily spike more aggressively than BTC can, let's say 200%.
One hundred and two hundred are just arbitrary numbers. The idea is that for each coin, each person can have any forecast. Ideally we will get to a point where the bots are good enough to be used as a template, a few tweaks here and there to much your own forecast and you get a tailor made bot.
Ok, let's setup a bot that can take care of three things:
- If we reach the top price target foresee then we sell it all (or almost all).
- If we pull back we retain value in base or quote currency. Shorts bots do this!
- We make profit with the sideways activity, as if we were in a grid bot, but without the hassle of having to adjust the grid limits manually every time we move to a new range.
So I decided to setup two bots, one for each coin, based on the assumptions above.
- Vespera, SHORT 100% BOT BTC/GBP (why GBP? no fees on Binance for us in UK baby! but yes you can use USD* or EUR too)
- Stelara SHORT 200% BOT AAVE/USDT
As an example, have a look at the order table for Stelara:
Next steps if we wanted to go beyond this initial test:
- Two SHORT bots per coin: one that sells up to 40% of the available volume with a small deviation of up to half of the target we think we can reach during the year. This will make us more profit that the current setup which is actually optimised for selling at the highest target we expect for the year. The remaining 60% of the holding then will go to the setup in the article. Splitting could be great idea to benefit from both scenarios: we reach the top target or we take some time to reach the top target.
- Twin setup: SHORT and LONG setup running together concurrently. The LONG will be accumulating token while going up, with safety orders set using the lowest drawdown seen in the last year as the lowest level SO. And the SHORT using the setup of this article. This will require that they don't use each others funds.
Both bots started today so let's keep an eye on any optimisations we can find to make the ultimate portfolio manager using bots.
Comments
Vespera link is not working
This isn't so easy to follow? Can you elaborate a little more, perhaps some diagrams?
