thetradingparrot
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Are CQS bots worth? This setup made 16% in 30 days, no loses
🕑 Added 2021-01-09 11:26:53 +0000 UTCMany bots have had some hits in the last month. I've been testing the CQS signal and since 10 of December until today it's made 12% profit using ALL coins except for the blacklisted ones. What got my attention is that there were no losses. There's only a single deal that hasn't closed. That's pretty good performance. I have also literally spend zero time managing it, because its the paper trading account I don't really care what happens to it.
I also checked the backtest of a copy of this bot but using only top coins and it made a decent 6% in the same period. Top coins are the top 10 in the ranking of market cap, excluding USDT of course).
CQS signals are included in 3Commas but you will need access to composite bots.
Let's have a look at the performance for the last month and remember the key here: I didn't do any manual work here!
If you look at charts of bots that don't use stop loss settings you can clearly see when they had a moderate bad time by identifying flat areas. The more they extend flat it means that it was struggling to close some deals. And this bot was pretty much all the time except for Christmas just printing money.
If you want to copy any these two bots I'm sharing the link to the paper trading ones. If you hit "copy" and "edit settings" then fully review all settings are looking good. Make sure you have enough USDT to run the bot (if you have other bots running on USDT make sure each has its own USDT guaranteed funds to run smooth!!!). You should change the size of the base and safety orders so that the "Max amount for bot usage" matches the allocation you want to use for this bot. You should leave (at least) 30% funds in USDT always free for any bot you are running for bad entries, this is very important in case there's a market shake off and you need to exit those still in green and in a sensible amount of time.
Please also consider using the following blacklist to prevent opening deals with leverage and tokens soon to be delisted. If you want to trade with leverage it's your call. I'm not using them as it's a risk I don't think I need.
Want to copy the bot?
Mirinda CQS all coins 7.5K no/SL 16% P/L last month
