Being a crypto trader means being able to take advantage of changes in the market when they happen. Unlike the traditional stock market crypto markets are 24/7.
A lot can happen when you're sleeping or stepping away from your computer. Unless you want to be glued to your computer all day an automated trader is a must for any serious crypto trader. When I first got into cryptocurrency around 2014 came across a program called C.A.T on bitcointalk.org
At the time BTC was about $1000 dollars (Mt.Gox pump) and the creator of the program wanted 1 BTC. I ended up working out a deal with him and he sold me a copy for .65 BTC. Ever since then I've been a 24/7 trader!!!
The software license is assigned to your copy of C.A.T. This allows you unlimited updates when new features are released.
How To Get Your Copy?
This software is distributed via bitcointalk.org. So if you don't have a profile you must first register to create one.
The creator of the software is Sampey. You must send him a PM in order to obtain your copy. Tell him that sent you!!!
Pricing?
Given that this software has the ability to make you good returns on your investment it is priced around .2 BTC (about $600 dollars give or take) plus an API activation.
Remember that it is a one time cost and you get new features as they become available.
The author accepts a number of coins but the rates are still in BTC.
How Does It Work?
Essentially this is a ping-pong trader. There are a lot of different configuration parameters for the software that makes it really flexable. You can view the user guide and tip/tricks on the bitcointalk thread.
https://bitcointalk.org/index.php?topic=507103.msg5590896#msg5590896
For the most part the program is pretty simple even though you can setup some pretty complex parameters to tailor to your trading style.
For the minimal setup you first choose the coin market you want to trade in. It will bring you to to the screen above.
- Click on Suggest Prices. This will find the highest bid and the lowest ask.
- Select either the Buy or Sell radio button.
- Select the quantity (Even though this is a dropdown it can be adjusted)
- Select either Dynamic or Static . Static the price never changes and stays at the unit price. Dynamic will constantly poll the market and update the buy or sell price based on your price limit. Check the guide topic for more details.
- Click the Add Ping Request button to add your settings to the queue.
- On Minimum % Guaranteed Gain set the percentage in which want. (i.e you want 20% on your money it will sell when the price is 20% at what you bought it for)
- Click Create Orders and sitback and watch the magic happen!!!
Will this make me money?
Nothing in life is guaranteed. Making money with this bot is all up to you and your own due diligence!!! You have to do your research and pick markets that you feel you can benefit the most from. There is no guarantee that you will make money using this trading bot but from my experience it does allows you to limit your risk and increase your gains without having to watch the market 24/7.
If you decide to use this program (remember tell him sent you) I suggest you go through each option and start out with a small investment so you can tailor your trading algorithm.
Happy Trading and as always thanks for reading.