Re: 【BOT】 C.A.T. Cryptocurrency Automatic Trader (130+ Feedbacks) HitBTC Active!
Okay, so the idea is that on the way down you can catch bounces in the markets. But I fail to see how you could come out winning if overall the alt coin markets have crashed by 60%???
I mean even if you manage to catch a few "dead Cat bouces", surely the value of your portfolio will still be way down. I am talking value in terms of dollars here.
I mean even if you manage to catch a few "dead Cat bouces", surely the value of your portfolio will still be way down. I am talking value in terms of dollars here.
Well if marked dramatically crash, there's nothing you can do.
This is an universal market rule, even if you have an AI (Artificial Intelligence) Bot
C.A.T. doesn't make miracles of course
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BTW does CAT provide stop loss functionality?
For example, if CAT buys LTC for a price of 0.011 BTC and then the price of LTC drops below this I can either wait and hope it increases or initiate a stop loss criteria.
Let's say I take a 1% loss on LTC and move to a different market. Do I just have to hope I happen upon these "dead cat bounces"? I would want to be a very lucky man indeed to make anything in such a market in which all my assets are falling. Or I trade on 10 markets and have to initiate stop loss on 8 of them? I'm confused. What specific things does CAT offer to help me make gains in this type of falling market. Your answer to this question is very important as it will determine whether it is worth my while to buy and use CAT.
For example, if CAT buys LTC for a price of 0.011 BTC and then the price of LTC drops below this I can either wait and hope it increases or initiate a stop loss criteria.
Let's say I take a 1% loss on LTC and move to a different market. Do I just have to hope I happen upon these "dead cat bounces"? I would want to be a very lucky man indeed to make anything in such a market in which all my assets are falling. Or I trade on 10 markets and have to initiate stop loss on 8 of them? I'm confused. What specific things does CAT offer to help me make gains in this type of falling market. Your answer to this question is very important as it will determine whether it is worth my while to buy and use CAT.
C.A.T. have a lot of parameters.
You could read here : https://bitcointalk.org/index.php?topic=507103.msg5590896#msg5590896
Paragraph : Ping Pong Parameter
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- Sell All If Price Goes Under (Works only for Sell Orders) : With this option activated C.A.T. will sell your order if the market price is too low. The sell price will be the best buy price currently available.
- Sell All If % With Ref Price Is : (Works only for Sell+Pong Orders) : Each PONG order has a Reference Price (the Sell/Buy price of the Original Pong Order) C.A.T., during the algo process, calculates the % difference between the reference price and the current best Buy/Sell Orders. With this option activated you C.A.T. will decide to sell a Pong Order if the % calculated is too negative. A suggestion is to use value lower than -10%
- Stop Ping Creation If Sell Value Is > : You can decide to Stop the Ping Order Creation if the Current Best Sell Value is too high. C.A.T. will restart Ping Order Creation if the Best Sell value returns to lower than your specified parameter.
- Stop Ping Creation If Buy Value Is < : You can decide to Stop the Ping Order Creation if the Current Best Buy Value if too low. C.A.T. will restart Ping Order Creation when the Best Buy value returns to higher than your specified parameter.
- Sell All If % With Ref Price Is : (Works only for Sell+Pong Orders) : Each PONG order has a Reference Price (the Sell/Buy price of the Original Pong Order) C.A.T., during the algo process, calculates the % difference between the reference price and the current best Buy/Sell Orders. With this option activated you C.A.T. will decide to sell a Pong Order if the % calculated is too negative. A suggestion is to use value lower than -10%
- Stop Ping Creation If Sell Value Is > : You can decide to Stop the Ping Order Creation if the Current Best Sell Value is too high. C.A.T. will restart Ping Order Creation if the Best Sell value returns to lower than your specified parameter.
- Stop Ping Creation If Buy Value Is < : You can decide to Stop the Ping Order Creation if the Current Best Buy Value if too low. C.A.T. will restart Ping Order Creation when the Best Buy value returns to higher than your specified parameter.
And you can also set
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- Never Sell/Buy Under/Never Sell/Buy Over : With this option activated you will limit the creaton of Buy/Sell orders with the price too low or too high.
Every Parameter is Over a Single Market, so you can set different parameters on any market you'll choose to trade on.
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What has your experience over the last few months been?
In the USD/BTC of course, all people who hold have a loss.
But on other markets there's always some market with a rise and there's always the possibility to gain something.