Scalper bot
Last updated
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Last updated
Was this helpful?
The scalper bot is one of the easiest bots which we got to offer. It's also one of the most stupid bots as well. The bot blindly buys coins and wait till the prices went up and it sells again. Once sold it will wait for the prices to drop again before buying in again.
This bot performs at it's best at side-ways markets. It is able to reach extremely high profits if the market really remains sideways and the target prices are right. If not then it will just do a few trades and wait for most of the time.
This bot is supposed to make a lot of trades and generate small profits. This bot performs at its best on a sideways market and it will likely make losses when prices go trending.
The stop loss is a percentage that you can set and where you control when your scalper bot takes a loss. Its very recommended to keep this percentage al least equal to the take profit.
The take profit is a percentage that you can set and where you control when your scalper bot takes its profits. Its very recommended to keep this percentage higher then twice the fee levels. So, suppose your fee is 0,2% then this setting must be set at, at least 0,4%.
Just like all other build-in bots is this bot is free and open-source. So, if you like, you can take the source and improve upon it.
In addition, if you like this bot than you should try the flash crash bot as well, because there are similarities. Thflash crashsh bot almost does the same, except that it does the same using a grid, using more orders.
