Re: 【BOT】C.A.T. Cryptocurrency Automatic Trader 4.2 LifeLicense 16 API
Hey! 
I wanted to say hi Sampey and wanted to add my experience as i saw some arguing about CAT's efficiency-
I bought CAT some months ago and if you ask me if i'm earning or loosing i would say: i am earning when i do the right things and i loose when i dont lol...
I meant: it is not CAT making me do wise moves on markets and it is not CAT guilty for my losses: it is ME (My Experience, My Efforts....etc) lol
I heard someone wanting to trade using candlesticks patterns? Yes you can do that: wait for the pattern to show up on your screen and give PING order to CAT. CAT will do its job very well and at the end of the PING-PONG cicle, CAT will give you a MATHEMATICAL GAIN.
By all meanings...double read this: at the end of the PING-PONG cicle, CAT will give you a MATHEMATICAL GAIN.
Read again....if you understood this you are right: IF market circumstances made the PING-PONG cicle to happen, you would mathematically gain.
If you understood this you are wrong: everytime i start a PING, a PONG will happen and i will gain.
Why that? For the following possible reasons:
1.- you are trading at loss because you didnt take in consideration the exchange fees: try to increase the min %GAIN (if you are in dynamic mode)
2.- PONG didnt happen because markets didnt follow your idea: BE PATIENT and wait for markets to go back where you planned, and a PONG will occurr.
3.- A lot of other reasons that would happen even without CAT (wrong patterns, markets crashes, side moving etc)
Some more tips:
1.- MATHEMATICAL GAIN isnt positive if you dont consider fees: CAT is not able to calculate fees but it knows fees AFTER a trade occurred. So have a look at Total %Gain in the GAINS tab and see if there are positive or negative numbers and eventually adjust your minimum %Gain in the PING-PONG dynamic orders tab.
2.- I would suggest you to not stop/cancel orders manually only because the PONG values are far to happen, unless you are facing up a very bearish market and you didnt set a limit to your losses. You have CAT now and if your considerations and calculations were right, just wait for your PONG to happen: it will soon or later, giving you a gain.
3.- ALWAYS apply the rule of thumb: NEVER invest more than what you can afford to loose.
CAT is not a magic wand, it is a tool for automatic trading cryptocurrencies: if you dont know how to trade cryptocurrencies, CAT will follow you...
I wanted to say hi Sampey and wanted to add my experience as i saw some arguing about CAT's efficiency-
I bought CAT some months ago and if you ask me if i'm earning or loosing i would say: i am earning when i do the right things and i loose when i dont lol...
I meant: it is not CAT making me do wise moves on markets and it is not CAT guilty for my losses: it is ME (My Experience, My Efforts....etc) lol
I heard someone wanting to trade using candlesticks patterns? Yes you can do that: wait for the pattern to show up on your screen and give PING order to CAT. CAT will do its job very well and at the end of the PING-PONG cicle, CAT will give you a MATHEMATICAL GAIN.
By all meanings...double read this: at the end of the PING-PONG cicle, CAT will give you a MATHEMATICAL GAIN.
Read again....if you understood this you are right: IF market circumstances made the PING-PONG cicle to happen, you would mathematically gain.
If you understood this you are wrong: everytime i start a PING, a PONG will happen and i will gain.
Why that? For the following possible reasons:
1.- you are trading at loss because you didnt take in consideration the exchange fees: try to increase the min %GAIN (if you are in dynamic mode)
2.- PONG didnt happen because markets didnt follow your idea: BE PATIENT and wait for markets to go back where you planned, and a PONG will occurr.
3.- A lot of other reasons that would happen even without CAT (wrong patterns, markets crashes, side moving etc)
Some more tips:
1.- MATHEMATICAL GAIN isnt positive if you dont consider fees: CAT is not able to calculate fees but it knows fees AFTER a trade occurred. So have a look at Total %Gain in the GAINS tab and see if there are positive or negative numbers and eventually adjust your minimum %Gain in the PING-PONG dynamic orders tab.
2.- I would suggest you to not stop/cancel orders manually only because the PONG values are far to happen, unless you are facing up a very bearish market and you didnt set a limit to your losses. You have CAT now and if your considerations and calculations were right, just wait for your PONG to happen: it will soon or later, giving you a gain.
3.- ALWAYS apply the rule of thumb: NEVER invest more than what you can afford to loose.
CAT is not a magic wand, it is a tool for automatic trading cryptocurrencies: if you dont know how to trade cryptocurrencies, CAT will follow you...