20 October, 2022 seen 11Backspread is an advanced type of options trading in which a trader buys more call or put options than they sell. The…
In this article, I will share details on how I configured Trality crypto trading bot for trading ADA and XLM coins with Moving Averages crossovers and RSI indicators
Originally I launched this algorithm trading bot in mid-May 2021, by setting it up to sell EUR-XLM pair based on RSI strategy, a bit later I added ADA coin to this setup, but then I noticed that the bot has used all buying power to purchase only ADA coins, which is not what I actually wanted and here I decided I need to fine-tune some settings, defining that only 50% can go in purchasing one coin.
Further, I fine-tuned this bot to trade with RSI+STOCH indicators, but after a steep drop in the market, when the bot did quite opposite it should (buy high, sell low) I decided to fine-tune further, and this time I looked on Moving averages crossover + RSI
Here are my settings for this algo trading bot:
- RSI (oversold:25)
- RSI (overbought: 70)
here is a backtest for the last 30 days (25.04.2021-25.05/2021)
MA crossover + RSI backtesting cryptocurrency
Backtest looks good, actually much more better than using the RSI method alone. from the above chart I like completely all entry and exit points. There are some missed parts in the chart, but with the 37.75% return I guess there is nothing much to complain
To make this experiment transparent I decided I will run this bot for the next 30 days with EUR 150 invested, and will not change any settings.
EUR 150 invested in crypto trading bot
- A good result will be: EUR 151
- Very good result: EUR 200 and more
In case bot will turn out a successfully money printing machine, I will evaluate the bot performance over the last 30 days, fine tune some settings if necessary, and will double up - and invest the same amount of money the total value of bots. In case the bot will lose money, I will evaluate the bot performance, look for loopholes and improvements.
Also I will compare how the bot trading stood against simple buy and hold
On May 25, 2021 we could buy 58.13 ADA coin and 204.69 XLM coin