Post
Topic
Board Service Announcements (Altcoins)
Re: 🚀🚀🚀 EonBot - Automate Your Trading 🚀🚀🚀
by
Gambit_fr
on 27/02/2018, 18:49:23 UTC
My review of EonBot:

EonBot is one of the faster and easier trading bot I've been able to test this far! Currently supported exchanges are Poloniex, Bittrex and Binance (but more will come), and, unlike other bots, your license is not tied to an exchange API key, so you can freely switch to another exchange anytime you like.

EonBot is a software in two parts, first one is the bot executable wich can be run remotely (on a VPS for example) and the second one is the GUI wich can be run locally on your home PC. Both can be run locally but then you will have to leave your home computer on 24/24h. Both parts can work on Windows, Linux and MacOS systems.

How to set it up on a VPS.

To set it up on a remote server, you first have to run the GUI locally, go to the "Remote control dashboard", input your server address and chose a port, an username and a password to access it remotely. It will create you the file "remote-config.json" which you will need to upload in the executable folder on your server and which will permit you to access remotely to the bot with your GUI and change your configuration settings.

Before launching the bot, you will also need to create the "main-config.json" locally and upload it to your server. To create it, you have to go to the "Main config editor" tab in the GUI and input the following settings: your EonBot username and password (which are the license you get when buying the bot), you need to select an exchange and input 1 API key created on that exchange account. I think this is the minimal required settings to have before being able to launch the executable file of the bot.

Once you have made this 2 configuration files, uploaded them to your server and opened the remote port in your firewall, you can launch the executable file and close connection to your server. You will now be able to manage your bot settings locally with the GUI and you'll only need to log into your server again if you need to upgrade the bot file!

Configuration

Now that your bot executable is running on your VPS, you can connect remotely to it via the GUI's "Remote control dashboard" where you can stop, start or restart the bot (to apply configuration changes).

What makes EonBot much more faster than any other bot is the possibility to add as many API keys as you wish and each one will be used alternately so you will not be limited by the API number of requests limitation. On some highly volatile pairs, I already did some profitable buy and sell in a few minutes. So put as many API keys as you can!

You have to select wich base market currency you want to trade BTC/ETH/USDT, then which pairs. You can select as many as you want (the more you choose the more API keys you should have) but I suggest to only choose high volume one and to lower your BTC trading limit for each new added pair.

Then you will have to choose your main buying and selling strategies, this can be override for each pairs in the sub configs editor so you can fully customize your strats for each pairs! For now, there is only 4 strategies but the dev team are working hard to implement new ones.
The strategies are:
- Basic : you set a % and the bot will buy/sell when the market price go below/over that %
- Spark : kind of same as Basic strategy, but here it's the price according to the EMA/SMA wich is taken into account
- BB : Bollinger Bands strategy, you buy at the set % of the low BB and sell at the set % of the high BB
- Rollercoaster : I haven't tested this strategy, but from what I understand it buy/sell at a set % above/under the lowest/highest point on a trend reversal
For Basic and Spark strategy you can also choose to use market trends to optimize your profits.

There are also Bag Buster settings (aka DCA aka martingale) which are fully customizable and wich will allow the bot to rebuy previously bought pairs (if the price is falling) so your average bought price will lower and will allow you to get rid of your bag faster. Be sure to understand fully how this works, because it can fully eat up your entire balance during a market crash!

Telegram bot

There's a Telegram bot natively included in EonBot, once it is set up you will get notifications on Telegram for every orders put by the bot and you can also control it with a few commands: /start, /stop, /restart, /status, /addcurrency (coin name), /rmcurrency (coin name).

Support

EonBot team members (including developers) are often available and very active on their Discord channel where they offer support, they sale the bot and there's a lot of strategy discussions with a constantly growing base of users.

Conclusion

EonBot is a new but already complete trading bot with a lot of customizable features. It is the faster bot available right now and one of the most accurate (in my opinion/experience).
For the modest price (for a bot) of 0.03BTC

Personal results

By running simple strategies, mostly Spark and/or Basic, for over a dozen of days the bot have made for me about 180 transactions with a profit from around 1.5% to 3% for each trade. I'm very satisfied with this bot, I'll keep using it and I'm eagerly waiting for new features/improvements.