$0.00
Cart

No products in the cart.

QUESTIONS?

We Have Answers

What is the Difference between PSAR vs Rapidfire?

  • PSAR is high frequency trading at its best.  By trading on very low time frames (1 to 2 minutes) PSAR is able to take hundreds of trades per day and can be potentially more profitable than Rapidfire. 
  • By taking more trades PSAR can be considered higher risk because it has the potential to get a trade stuck at tops/bottoms (although we do use advanced divergence and trend filtering to reduce these risks)
  • Rapidfire trades on higher time frames, as high as 15 minutes and so it will take less trades which is lower risk than PSAR but also less profitable. 
  • Typically Rapidfire takes less time to manage due to a lower trade frequency, and can be left running for a long time without constant monitoring.

How much leverage should I use?

  •  We use up to 20X leverage however the amount of leverage does not matter as much as percentage of account. 
  • We always recommend never leveraging more than your entire account balance with all safety orders taken on max open positions.  This means starting with small position size (BO/SO) of 1-3%, at most 5%.

How many pairs should I run?

  •  For beginners and low risk investors max number of pairs/open positions should be 4-6. 
  • For more advanced users willing to take on more risk, max pairs can be increased to 8-10 during trending moves. 
  • For our high risk/expert users we have some that will use up to 20-30 pairs but this is not recommended and requires constant monitoring of market conditions and cutting pairs that bag up.

How much profit should I expect to make per day?

  •  A good goal is to aim for 1% per day on average across your trading portfolio.  Some days will be less (like days where the market dumps) and some days will be much more.
  • For low risk spot accounts 0.5% is a realistic and conservative goal that can be achieved with low/medium risk settings
  • While you can often see users like Todd making 10% or more a day, this requires experience and higher risk settings which need to be monitored.  Start slow and realistic with your goals.

How does bot preform in different market conditions? (up, down, chop)

  •  Our Rapidfire and PSAR bots perform very well in up trends and sideways/chop ranges. 
  • With PSAR running on the 1 minute time frame, a small 1-2% sideways range can produce many dozens of trades. 
  • In down trending markets with a longs only strategy, the goal is to stay out of the market until a local bottom is found.  This is like “buying the dip”.  So while there are less profits in down trends there will still be some very profitable trades.

What is the minimum capital required to be profitable?

  • We have calculated that a PSAR/Rapidfire account requires a minimum of $1700 to provide adequate drop protection using DCA. However the more capital you have and the smaller the positions you use, the lower the risk you are taking. Consider $2000 to $5000 as ideal starting points.

What are the risks running bots?

  • Running bots on spot is much lower risk than futures because a user simply needs to wait for price to come back up to their entry point without fear of liquidation
  • The main risk of running bots on futures is trades getting stuck during a major market correction.  Quick cascading liquidations can easily wick down to liquidation points if the user has overleveraged positions.  This is why we recommend small position sizes and never overinvesting (DCA) in losing trades.  Never exceeding your account balance in futures can keep you safe from liquidations.

What all is needed to a run a bot? (TV, 3C, STP)

  • Users first need Tradingview to setup and run the bot strategies. 
  • Once alerts are created in Tradingview, those alerts are sent to a bot platform to perform the trades such as 3Commas, Profit Trailer, Cryptohopper or TVC
  • Finally, a cryptocurrency exchange such as Binance, Bybit, FTX or Kucoin must be linked to the chosen bot platform through API.

What level of experience is needed?

  • No experience is necessary to start with bots.  Please watch our setup videos and consider a coaching session with our mods who are experts at helping beginner users getting started.

How do I setup the bot?

  • Please watch the setup video for your chosen bot for details on how to setup.
  • Users first need Tradingview to setup and run the bot strategies. 
  • Once alerts are created in Tradingview, those alerts are sent to a bot platform to perform the trades such as 3Commas, Profit Trailer, Cryptohopper or TVC
  • Finally, a cryptocurrency exchange such as Binance, Bybit, FTX or Kucoin must be linked to the chosen bot platform through API.

Can bots get repainting?

  •  Whenever multiple time frames are used in a bot, there is a possibility that repainting can occur.  This is due to conditions changing during a time frame.  This will look as though a trade was taken even if it does not appear on the chart.
  • Users need to remember that their settings are always being respected in real-time.  This means that whatever setting you have is being used during real-time conditions.  If conditions change after a trade was taken this is not an error this is your settings being respected.
  • STP uses the most advanced techniques available to minimize the occurrence of repainting.  This is known as the NRP (No RePaint function).  If this is disabled there are many multiples more repaints that occur so it is recommended to keep NRP enabled unless running very aggressive strategies.