Custom bots offer a freer model for the operator, allowing maximum resources to be available to combine in several new strategies.
Think of a Robot as an intern that you will hire to do what you want. In the case of simple bot, he is an intern who doesn't know what to do.
Custom creation represents a greater ability to combine strategies, but it also represents a high risk for users who do not have knowledge about the tool.
The purpose of the 'custom' format is to leave the user free, allowing them to configure the way they want. In the case of custom, risk management is calculated based on the user's choices.
This field is for you to determine a name that makes it easy to identify your bot in the list of registered users.
In this field you must choose the API key that you registered.
Currency is the initial currency you will use, if it is bitcoin just choose the symbol for it, in the case of BTC.
Note (1): If you want to avoid the various value conversions that exist, use USD pairs.
In this field you must choose the asset you want your bot to trade.
This field represents the target for each purchase made.
Note (1): The higher the profit target, the longer it will take to execute an operation.
If you want to configure the stop-loss, you need to go to the bot's actions after creation.
Note (1): Automatically the stop loss starts inactive.
Position in the book, this represents where the orders will be placed.
Note (1): The default is at position 4 and the larger the position the longer it will take to buy / sell.
Difference between values, this means that when the value falls sharply for some time, the bot must make the purchase.
Note (1): The larger the scale, the more conservative the bot will be when making purchases. By default it is 0.
Risk margin in relation to the asset price. This means that if the asset values or devalues too much, new purchases are avoided.
Note (1): Usually 12% is the most common risk margin.
Note (2): The higher the risk margin, the greater the likelihood of taking a big low after a high.
This field represents the number of days where the risk will be recalculated in relation to the price.
Note (1): The greater the number of days, the lower the risk and the lower the exposure to the market.
This field represents how much will be used to acquire the asset you are trading.
Note (2): Never use large amounts, always divide into small amounts.
Total number of orders that will be open to make purchases.
Number of orders that will be open to make sales.
Time to cancel a purchase order.
Note (1): The shorter the cancellation time, the greater the probability of not making a purchase.
Time to cancel a sales order.
Note (1): The shorter the cancellation time, the greater the probability of not executing a sale.
Waiting time after an analysis.
Number of days that the bot will be active.
Total capital to be moved.
Risk scale in relation to the selected fields, after clicking on calculate the risk the data will appear.
The cost of using custom-format technology is extremely low. However, it is basically necessary to earn more than it costs to use or avoid losing. So it is important to perform simple calculations to get a sense of the cost.
Let's assume that the current cost is 7 USD for 30 RTN, so below are some examples taking into account the USD scenario.
(1): If you have 100 USD to move, then to pay the costs you need to get at least 7% / month of results.
(2): If you have 1000 USD to move, then to pay the costs you need to get at least 0.7% / month of results.
(3): If you have 10,000 USD to move, then to pay the costs you need to get at least 0.07% / month of results.
Note (1): The more money you are moving, the lower the cost.
Note (2): To reduce costs, purchase a reactioon node to mine RTN.
Note (3): Exchange fees are irrelevant if the result is higher than the rates.
The risk involved when creating a bot in the custom format is high. But, it is worth remembering that everything depends on the market and the chosen asset.
Note (1): Beware of high risk, it does not make sense to take too much risk.
Note (2): Watch out for the asset you are willing to trade.
Note (3): The smaller the amount of capital you have, the greater your risk in the market.
Note (4): If you want to avoid exposing the multiple conversions of alternative currencies (altcoins), use USD pairs.
Note (5): The higher the value chosen in profit, the longer it will take to execute an operation.
Your bot will always receive a unique ID so that you can identify it in our infrastructure.
After creating the bot, you can click on it and the stats will appear. This area contains statistics about the market and the latest actions of your bot.
Note (1): Always keep an eye on the market position bar, it indicates when the bot will buy or sell. In standard mode (tendence), the bot will only buy when the bar is on the left side, between 0-50% at the market price.
You can control the actions of your bot to maximize results, either by reducing the risk of exposure in the market or by holding the sales of an asset that you want to keep in the long term.
This area can be accessed by clicking on the bot name and going to the 'review' option, this option is for user support. There are two modalities, autonomous support and community support, where the user himself can check the status of his bot or open a call that will be answered by a member of the community.
The result is variable, it depends on a number of factors.
Note (1): The income is variable according to the movements of the asset in the market.
Note (2): The greater the amount of capital, the lower the risk.
Note (3): Purchases will be divided, this will reduce the risk of exposure to the market and increase the probability of obtaining a positive return.
Note (4): The bear market is the best time to trade.
Note (5): After a fall, you can have several falls.
Note (6): Before going up ... the market will fall for days, weeks or months.
Note (7): Assets that have a technological solution for the world are more likely to recover market value.
Note (8): Past performance is no guarantee of future performance, it is important to keep your feet on the ground.
Note (9): When purchases are made in the market, your initial capital will decrease if the asset's value decreases in the market. It's normal.
Note (10): When making all sales and there is nothing left to sell, the value of the initial currency must be higher. For example, if you are trading Ethereum using Bitcoin, after all sales your quantity in bitcoin should be higher.
Note (11): The more times the capital is moved, the greater the return. For example: if you have 100 USD, the total amount moved over time can total 200 USD or more.
Note (12): You can mine a coin just by leaving a bot constantly buying and selling nonstop.
Note (13): Mathematically ... The greater the amount of capital, the lower the% return. For example, if 10,000 yields 10%, 100,000 cannot yield 10% or more.
Many users who seek to trade assets constantly on the market want solutions to reduce the time in front of the computer. Robots in the 'custom' format allow for a wide customization possibility.
Note (1): Never expose more than 75% of its capital to an asset.
Note (2): RTN mining is for reward. The infrastructure node provides energy and computational power to run the robots and in return receives RTN.
Note (3): There is only profit / loss after completing the market flow. It's buying and then selling. After the sale is made, it is possible to identify the total profit / loss.
If you want to know how to create a bot in a simple way, click here.
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