After almost 15 days of use, here are the results of my DCA spot trading bot in SELL mode on Binance, launched on $DOGS.
It still has some limitations:
- It sells up to 30% max, which means that if the token outperforms more, it stops waiting for "Take profit". But I programmed it so wide that the robot sold me max 20/30 orders.
Personally, I think that if this were to happen, you would just have to wait for it to drop for the robot to restart because keep in mind that "when it goes up well, it goes down well too" ;)
- The DCA gains are not reinjected into the robot's strategy, which means that you would have to stop the bot (in profits!) to be able to reprogram it by including the new gains in order to benefit from compound interest. Personally, I won't do it because when I reach 50% DCA gains, I will decide when to sell them myself and it will only be more than my initial crypto.
- You still need to have a substantial bag of crypto to be able to divide it several times (here, by 30), so that the robot continues to work, to sell and buy continuously. This is the reason why I chose a meme, with a low price and very volatile.
That's all for today.
Thank you for reading this article to the end,
I wish you good gains crypto enthusiasts and see you soon for a new article on the DCA trading bot in SALE mode on Binance 🚀💰🤞🙃
