Getting to know RevenueBot for working with the best crypto exchanges
Such a bot will cost -20 percent of the income. At the same time, the amount should not exceed 50 USD in BTC equivalent for 30 days of the month. The cloud trading bot is designed to work on top cryptocurrency exchanges.
RevenueBot – what kind of software
The software product is designed for auto-trading on crypto exchanges, where the API interface will be used. It is based on the volatility of the rates of cryptocoins. By choosing an exchange, the bot can trade in any pair of cryptocoins. It is allowed to run several bots of the program at once. Then several pairs can trade, both within the same exchange and on different ones.
The bot can work 24 hours a day from the cloud. At the same time, it can’t be installed, the computer can be left on on a permanent basis.
Despite the automation of the bot, the settings will still be needed. Our successful strategies are only advisory in nature, and it is up to each user to configure or not. This software has a lot of convenient interfaces to set up a bot, detailed statistics on trades and profits.
All you have to pay for is a commission of 20% of the income in the framework of bot trading. The commission will not exceed 50 USD in BTC equivalent for 30 calendar days. You will not have to spend your own money, there is no commission for transactions that are carried out on cryptocurrency exchanges, as well as no subscription fee.
The commission is debited from the user’s account during each accrual of income. All transactions in the profile are visible.
To launch the bot for the first time, the balance may be zero. After the profit is credited to the account, the balance will decrease by 20%. This minus will need to be filled up to 3 days. Otherwise, the account will be blocked and the bots will stop functioning.
Using the API interface of the exchanges the bot, according to the algorithm that has chosen, places order and monitors how they are executed. To date, there are two algorithms for the RevenueBot bot.
THE LONG ALGORITHM
The bot works cyclically on the principle of buying cryptocurrencies cheaper when the rate drops (the start of the cycle), and selling more expensive when the rate rises ((the end of the cycle). The meaning of the algorithm is that if there is some deposit, the bot makes a purchase not immediately for the entire amount, but in parts when the cost decreases. And for these purposes, the bot has a pre-calculated grid of orders.
The first order of the grid is as close as possible to the available value and the smallest in volume. Each subsequent order has a larger volume (according to the martingale system), but also cheaper. As a result, when the cost drops, the bot acquires a lot, but at a lower cost. As a result, a profitable transaction is made when everything that the bot has purchased is sold at a price several times lower than it took.
When the transaction is completed, the bot calculates the income, after which the next cycle begins. Profit can be obtained in the second coin of the traded pair. The effectiveness of this type of trading can be estimated by the number of orders in the grid, the difference in their weights, the distance between them, the offset of the first order and how deep from this value the last order in the grid will be.
THE SHORT ALGORITHM
It works according to a similar scheme of the long algorithm. Engaged in selling when the rate rises and buying when it falls.
This algorithm also provides individual settings. It will depend on them how the bot will calculate and place a grid of orders. He does it in such a way as to sell as much as possible while the price is rising. After that, the bot monitors the placed orders. If all of them are fulfilled, the bot places an order to buy at a price lower than they were sold.
This algorithm, unlike the previous one, allows you to get a profit in both the second and the first coin of the traded pair. The profit in the first coin will be effective for holders of promising altcoins for a long time, who want to increase the initial depot specifically in altcoin without earning in btc.