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 @alao 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 @alao 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.
Followed/upvoted/impressed! This is going to be my #1 thing on my to do list when I get home. This sounds amazing. Are you invested? How's it going? Thanks for the info!
I have been using it for the past 3 years. I have protected myself from losses when certain coins drop in price and i have made money on highly volatile markets .
When I first decided to use it I was skeptical but I figured I would at the least make back what I paid for the software. It's more than paid for itself.
Awesome. I'll check it out!
is this a scam?
No it is not a scam. I have been using it for over 3 years now.
and how much did you make since then?
I've increased my crypto holding more than 10 fold but I have been using it for over 3 years now. I usually let it run for about a week or so and then reset the parameters and sell of coins I don't want to keep. It keeps track of gains and you can save them off to a spreadsheet for more analysis.
I'm not always right and I have picked some bad markets but you can force the bot to sell off when the price of a coin drops to a certain price point to limit risk.
LOL i had to upvote kevin hart!!!
click here!This post received a 4.5% upvote from @randowhale thanks to @alao! For more information,
Nothing can be beat the human conviction. And by the way it is highly overpriced. I mean $600, come on! People would never invested that amount of money in this application.
Anyways thanks for informing us.
True that. I figured I would be able to make back the money that I invested into the application. Plus I'm always willing to help someone in the crypto space. Just wanted to share.
Also not everyone is a programmer and all of the high volume markets have bots on them. you can either bet them or join them. Do you know of any other applications? I'm not saying that C.A.T is the golden bullet or that it is cheap but it does the job.
Alao, have you or anyone else seen an Order Bot that can put in orders sequentially, like placing a sell order with a predetermined price automatically when a buy happens? I am not looking for an automated trader like CAT, but sometimes they have this functionality. For this feature alone however, CAT would be too expensive for me, even if it did have it. Thanks