Quote from: fullhdpixel on Today at 08:52:53 AM

Quote from: CyberPunkMetalHead on March 22, 2021, 01:25:16 PM

The bot will open a buy position on bitcoin every time Elon mentions bitcoin in his tweet
Take profit is set to 10% and stop loss to 5%
The bitcoin bot will not place another trade if there is already an active trade (can be adjusted)

Not a bad strategy at all but if you ask me, I would rather prefer to do this manually. I mean I would want the bot to intimate me once Elon Musk has tweeted something about crypto and then I can quickly check what the tweet is, based on how positive or neutral the tweet is, I can then invest and cash out later once the market is hyped up.

But overall a very good idea and indeed the market moves up every time he makes a comment about crypto in general and dogecoin is a prime example of how words and tweets can disrupt the market.

You can expect a good profit from such a transaction only if you respond to Musk tweet in a timely manner by opening an order. And if you expect that you will be able to open a trade within a few seconds after Musk writes a post, which is unlikely, then you will still not have an advantage over the bot.