Hey Everyone!
I’m now 3 months in to using and I wanted to put something together to reflect on my experience and share some exciting news…..
Let’s go in this order,
- I’ll share my profits so far and some information on the strategies
- The exciting news
- A few things I like about
- A few things that would make better! (for me anyway!)
So, lets start with profits. Since creating my account on , I’ve made $1,068. I’ve included screen shots below. The first one shows the profit since I started using . The second one shows the amount of capital allocated to each bot and the final one shows the current unrealised PnL of outstanding deals.
Each of these screenshots are important in their own way and show a full clear and accurate picture.
Also, please keep in mind that these bots haven’t had the full amount of capital for the full 3 months. I’ve increased the capital allocated as I’ve gained confidence in the strategy.
In terms of the strategies, each one is slightly different and they are all driven by custom TradingView alerts.
I don’t aim to have a 100% win rate. I want the profits to far outweigh the losses and I’m comfortable taking the losses.
I don’t use a stop loss but each one of these strategies either have a timeout (so the deals will close after X period of time) OR a deal close condition triggered from TradingView?—?this acts as a way to reduce the emotion of adjusting settings and acts as a way to limit the losses should the trend change.
I focus to make money in the middle. I’m not trying to buy the absolute bottom, nor am I trying to sell the absolute top. I’m entering deals when when an uptrend is in place and taking 2% in the middle before moving on to the next deal. Once the pair has cooled off, and the entry conditions are triggered again, another deal is opened aimed at taking another 2%.
Exciting News, what it is??
Well, now that I’ve had some time to build confidence in my strategies from 3 months of real testing + years of back testing, I’ve decided to start publishing my strategies on the marketplace. This means for a small performance fee, you can copy all of the trades I’m taking automatically.
I’ve published the first strategy already. This is BINANCE specific so you need to do 4 things…..
- Have a Binance Account with USDT?—?If you don’t have one, you can get one
- Have a Mizar Account?—?if you don’t have one, you can get one
- Connect Binance to Mizar?—?if you need help with this, there’s a guide on Mizar to set it up.
- Head to the Market Place and subscribe to the strategy…
Now that the exciting news is over, lets switch back to 3 months on…..
So, what do I like about
- The subscription based pricing model?—?Some people see this as a negative but honestly, depending on the strategies you are using, this can be a far cheaper alternative to many of the other platforms based on the available features with bigger discounts on fees for volume.
- The Marketplace?—?I’m not a huge fan of copying other peoples strategies but the stats that are available in the Marketplace, tell a full story and provide transparency. There’s lots of profitable strategies in there too so there’s plenty of opportunity to spread your capital across multiple strategies!
- The team!?—?The team are absolutely amazing. From a support perspective, they are always available. I’ve over reported some issues in the platform which where actually as a result of me being a bit of an idiot and not looking properly and they have investigated them every time and super professionally too. When it’s turned out to be a genuine bug, the team have added free volume to my account for reporting it!
- $MZR?—?In around 20 days, will be releasing their own token, MZR. This will entitle holders to lower fees for using the platform.
- The Roadmap?—?the team are constantly working on new functionality. It’s actively developed and new features are constantly being introduced.
What do I think could be better?
- More quote pairs?—?Only being able to trade with USDT means that you have to keep multiple platforms to cover any bots that might be trading with BTC/ETH/BNB/USDC etc as the quote pair.
- Lack of stats for bots?—?There’s lots of great information on the strategies published on the Marketplace but this isn’t available for the Bots that you run privately. It’s not easy to understand how many safety orders have been used, which pairs have been the most profitable or which ones account for the largest losses etc.
- Telegram Notifications?—?This might seem like a small thing and it’s likely to be very specific to me but when you run multiple bots that can take 100+ deals everyday, the Telegram notifications become a little bit useless. The only time I need an alert is if there is an error (which is provided for exchange errors) OR if I hit the last safety order in a deal?—?this indicates that I MAY need to intervene. Everything else is just a distraction……
In summary, I love using the platform for my bots. We need to remember that is relatively new to the market and I’m pretty sure that it will become a leader in the space given time.
Hopefully you have found this article useful and please reach out if you have any questions….
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More benefits for you can also be found here: https://linktr.ee/RealisticCrypto
Also, if you want to buy me a coffee or a beer :) :
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DISCLAIMER
This is not financial advice, I’m not a financial advisor or accountant or tax professional. This is my experience of software tools that have helped me and my experiences with them.
I do use referral links in this guide. Using these supports future articles so if you found this article useful and you want to check out the tools I’ve covered, please use them. I’ll also call out where you get a discount?—?win-win right?
