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thetradingparrot

thetradingparrot

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thetradingparrot posts

How to increase the amount invested on a single bot

I thought it would be a good idea to write down this for the future!

As a first option I would advice increasing BO and SO. If you want to keep the original design of the bot you are copying you must respect the original ratio between BO and SO.

Example: if they were originally BO: 20 and SO: 40. Then you could use BO:40 and SO:80 in that way you keep the ratio of 1:2.

Adding more deals is another option but not always applicable. For example some signals like CQS may only ...

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Daily performance in the last 5 days

Evaluation criteria

> 1.1% daily: risky / aggressive

1% daily: very good 

03-0.9% : moderate performance

<0.3% under performing, conservative


Let's have a look at the bots I have running:

Amika - 1.45% daily

Venka - 0.85% daily

Fiera - 1.07% daily

Mirinda - 0.2% daily

Katida - 0.1% daily

Aleksandro - 1% daily



I need to have a look at what's going on with Mirinda View Post

Follow ARK funds tokenise (crypto) version - Top 1 ETF

If you are outside US or simply don't feel like paying ARK investment the high fees they normally charge then FTX crypto exchange may have a cool option for you: a tokenise version of ARK funds. 

They offer a stop version and also a futures version in case you are feeling more brave. 

But the benefits don't stop here. 

You can setup 3commas b...

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Attention: Fiera bot update (correction)

[Correction: Orabella bot is not affected]

Fiera bot has been performing decently for me but I heard some quite concerning stories from long term users of MP 3x signals and I’m getting slightly worried. I’ll continue for a month to run them with only 100USD that I’m willing to fully lose as a test.

Please don’t invest more than a tiny amount of your money if you already paid for this signal. If you haven’t paid yet don’t buy i...

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The Trading Parrot full "Bot Database"


This page is no longer in use. 

All information about:

  • which bots I'm running, which ones are disabled
  • details, risk, past performance
  • bot requirements: exchange, funds, etc

Can all be found in the bot dashboard. 

Make sure you log into thetradingparrot.com using your Patreon account to be able to access all the information. 

...

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I’m enabling one bot now

I’m enabling Amika bot. Have a look at the previous post for the link and details of that bot.

I’m using conservative fund allocation for the bot.

Stay tuned today I’ll share a new bot similar to Amika but it’s better for high volatile market conditions. It buys more only during bigger dips rather at small percentage drops.

For chaps with no access to Binance.com you can copy the bot and modify its exchange and pairs for whichever USD pairs available for example USD...

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Open a Binance sub-account and manage your holdings separated from your bots money

Having separated accounts makes much more sense for people that are at the same time holding tokens long term and running bots. 

You need to be able to track P/L separately, otherwise how can you tell how profitable are your bots or your holdings?


It's very easy to request, it took me 5 minutes.


How to request to access a subaccount on binance:

1) head to ht...

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Buy the dip bot: Market is now bull. What to do with the open deal?

First of all you need to figure out what is your short term forecast for BTC.

1) You think now we are going to enter a bullish trend. If your bot was activated before or during the dip your bot probably would have bought somer BTC with your USD. You have two options: retain it or sell it at market price.

Retain:  You can retain it by finding the open deal and selecting "cancel". 

Sell at market price: You can sell your BTC by selecting sell at market price from the...

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Link to the new "buy the dip" bot

If you are interested in copying this bot:

Link to the bot

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New Video!


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Changes needed for BTC grid bot

We are seeing a head and shoulders pattern which can turn BTC very bearish for short term.


I’m lowering the top range of BTC to below 28K for the trend reversal to bearish.


I’m also keeping all my bots bots off for now.




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USDT update 15/1/2020

Hi Guys, I'm swapping all my USDT for USDC until we get pasted Friday 15th. I want to make sure the "rumours" of Bitfinex getting a lawsuit are not real. 

It's been years this topic has been in the news.  If you google tether lawsuit or tether scam filtering results by any year, you will always find there's news of USDT getting delisted or lawsuit.  But don't get me wrong, it could perfectly be the case that it eventually happens.  The fact is that I...

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New video !

https://youtu.be/VFFd8IN2x4g



Sorry! better late than never 😂





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Are CQS bots worth? This setup made 16% in 30 days, no loses

Many bots have had some hits in the last month. I've been testing the CQS signal and since 10 of December until today it's made 12% profit using ALL coins except for the blacklisted ones. What got my attention is that there were no losses. There's only a single deal that hasn't closed. That's pretty good performance. I have also literally spend zero time managing it, because its the paper trading account I don't really care what happens to it. 

I also checked the backtest of a copy...

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Bots I'm running since new year!

Call me nuts but I finally have decided to give names to my bots. Actually is not a bad idea to be able to refer to them in the chat or anywhere. Don't ask me why but I'm using "esperanto first names". If you want to do the same you can generate random names from behindthename.com 

Ok, let's go to the point now. I'm sharing the a link to the...

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New video!

00:00 Welcome 

00:43 What is the trading parrot? 

01:40 TOP 5 coins weekly market cap 

03:24 BTC log growth analysis 

06:22 BTC 15 min chart technical analysis 

08:02 XRP 1h chart technical analysis - resistance broken 

09:18 Fear & greed index 

09:55 Can AnyHedge help making BCH the global cash of the future 

13:10 FTX Grayscale's shares available 

14:00 USDT News: Tether FUD continues ...

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Last 2 months crypto report: holdings and bots

I thought it would be beneficial for all people new into crypto and bots to have an idea of how things have been going in the last 2 months for me. Please don't read it as "guaranteed forecast" as all past performances are not guaranteed in any investment strategy but it can certainly give you some idea of what ranges to expect.

There's been loads of downs and ups so I'm going to focus on the big events and some learnings.

On November 6th I had just above £12K invested (1 GBP = 1...

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This coin may be used for every FIAT transaction: do you have some?

First of all what is a closed payment loop?

It means that a coin can be used for payments without needing to be converted into FIAT.

What is FIAT? 

Government issued currency, like for example USD.


There's an article about AnyHedge that went viral on weibo 1 day ago with 3 million views. you can find a nice translation 2021-01-06 12:46:14 +0000 UTC View Post

Potential BTC crazy move, changes to BTC grid bot needed

BTC has been for months showing a very bearish pattern: the rising wedge. You can see an example of this pattern in the image below:

You can easily see the pattern in the 15 min BTCUSDT chart. 

I see 3 potential scenarios for the short term: 

1) Bullish scenario. Despite BTC showi...

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Crypto Portfolio Distribution: 2021 Strategy

The Crypto portfolio has been performing phenomenal since inception in 2020. Top gainers apart from the obvious ones (BTC and ETH) are:

- DOT 87%

- RSR 74%

- THETA 109%

- ZIL37%

These are all great projects and have big upside potential in 2021 but I have to say recently I hear a lot of hype specifically on LINK, DOT, ADA, ZIL and ETH. 

Key mistakes to avoid: 

1) Don't mirror exactly the distribution I have. Look at the charts and see which ...

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New video!

Did you know that 3commas DCA bots support many built in technical indicators? 

For many basic setups you won't need to hook up any Tradingview alerts or pay for signals!

Some of the options include:

1) Relative Strength Index

2) Ultimate Oscillator

3) Bollinger bands

4) Money Flow index

5) Commodity Channel Index

You can find the documentation in this View Post

Always pay attention to the crypto fear and greed index

Over 90% can indicate that the risk of BTC preparing for a big retracement.

One way to keep an eye easily is to visit often one of the following pages:

http://www.alerts4cryptos.com/more/fear-greed-index-btc/

https://alternative.me/crypto/ 

You can also consider following the BTC greed & fear in...

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BTC new Bot: benefit from the dip

I just setup a new grid bot to benefit from the current 20% dip from BTC.

Limits from 25K to 35K, 10 levels. 1.5K USD invested.

Risks: BTC could drop further to 21K. I'm fine to take that risk, but don't mirror if you are concerned about a major retracement. 




...

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DCA setup update: Which bots I stop? 1 new bot

In the last update from 28/12/2020 my setup was the following but many things changed since then. First of all the risks of holding USDT have grown and I'm increasingly worried for how the chances of SEC moving their attention from XRP to USDT if they manage to settle the case later in January.

I'll give an update for each bot.

1) MP's TOP 10 signal bot, 8750 USDT - all coins - TOP10 - no/SL -- View Post

3Commas Stock DCA bot poll

Why don't we get started in 2021 setting up some bots trading stocks?  

Quick poll! which stock do you think is the best candidate for an aggressive QFL DCA bot in 2021?  

I'll create and share a 3commas DCA bot setup for whichever stock wins tonight. 

The bot will be tailor made based on the past performance of the actual stock.

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New video! Make money from any bearish coin using a short bot

This video provides many tips for users that want to get started with short bots and some advice for advance users as well!

https://youtu.be/qfJboE-yArk

Please like the video and leave a comment to help the channel thanks!

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The Bitcoin dominance is getting closer to a dangerous level

If you look at this weekly chart BTC.D has been bouncing below the 72% market cap dominance since the last collapse in 2017.

We are just at 71.45% and dangerously approaching this historic level of resistance.

But what could it happen if it reacted in a similar way as it’s been doing in the last 3 years.

There’s a chance we break the resistance and overextend to higher levels of dominance....or if we do what we normally do, then we would bounce it causing BTC to have a...

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TradingView Alerts not triggering? test and report them like this

I've recently noticed that TradingView alerts are not as reliable as before. 

At first it's not easy to tell if there's a technical capacity issue on TV's side, a misconfiguration issue or an actual problem with your indicator. 

How can we confirm alerts are actually working without getting biased by a broken indicator?

You can easily do a health check on your side in 2 minutes to confirm the alert setup is actually working by just following these easy steps:

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New video!

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Is USDT next after XRP? What safe alternatives do I have?


Guys, USDT has a risk of next month getting under the eyes of SEC and potentially  getting also sued. This is not guarantee, it's just a rumour for now. But it's quickly gaining momentum. 

If that happened USDT may get also delisted from many exchanges and cause a snow ball effect to the whole market. 

Most of us are trading these days on top of USDT. We have bee...

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