Quote from: Gunthar on December 21, 2016, 09:28:35 AM

Quote from: Meech on December 21, 2016, 12:34:01 AM

Quote from: thezman007 on December 20, 2016, 10:54:34 PM

What is the lowest recommended amount of BTC to have in your Polo account to use this bot well?

Can it be done with as little as 1 BTC?

Thanks in advance

That is a question I would like hear an opinion on. I've been manually trading with a little more than that but it is a pain. I'm sure more profit with less invested could happen if it's more automated and less supervised. I would love to try it from a old noob perspective. Thanks for creating it.

First: the math. The GUNBOT invests 10% of total BTC balance for each trade. Upon request i can set a configuration option to let you decide about that 10%. As i said i didnt set it by default because i KNOW...someone would go ALL-IN...so i'm trying to prevent this as much as possible but again: if you ask, i can let you decide under your very own responsability.

So doing maths: if you have 1BTC on poloniex it would invest 0.1BTC for each trade. I suggest a minimum 0.6% of profit for each trade (below that value you risk to trade at loss due to poloniex fees). 6000 satoshis of profit per each trade (as minimum). Actually (see proofs on above posts) i am getting about 10 daily trades per pair (i have my GUNBOT running on 8 pairs actually: XMR, ETC, ETH, FCT, MAID, STEEM, XRP, DASH).

Hopes it helped a bit, if you have further questions or need to dig into this a bit more, just ask.
~Gun

PS: you want to try one of the free licenses i'm giving for xmas week.

Thank you that helps a lot. I know traditional investing says to trade with around 5% but 10% still seems reasonable. Do I just private message you for a license?

thezman007

Posts

Merits