Invest in cryptocurrencies on Binance hassle-free. Through walbit's optimized algorithmic trading strategies, automate your trading over 50 assets and let your capital grow while you sit back. Leave your email on the website to join our whitelist.
It is really nice to see a product out there that presents a solution for zero experienced traders. Walbit does not tries to sell you signal subscriptions or follow unqualified trades.
One question:
Do you plan to introduce DCA for your strategies as an optimal condition? I would like to use it in volatile crypto market
@ekin_ozek hey there,
As you also mentioned that walbit is really aiming the regular people, not day traders or even real traders. The problem with utilizing DCA (Dollar Cost Averaging for the interested ones that don't know the abbreviation) is that it hedges a large sum of capital while the asset value is decreasing. The main aspect of DCA is decreasing the relative losses while the market is goes south on your trades.
So, lets think it this way. You are allowing the bot with working a basic 100$ per trade with simple exit conditions like 4% stop loss. In the current aspect of the product this is pretty much better than utilizing a DCA like; Invest 100$ when %2 down, Invest 100$ more when %4 down, which means users capital is invested on the same downfalling asset and kept lock in there until the DCA conditions are met.
We are thinking to have a DCA logic in the upcoming strategy builder, as it is a well-known and used technique for the day traders, but in the aspect of using our optimized strategies, we are not intending to implement it as a setup condition (such as stop loss or take profit). So, in short, when DCA will be available it will be a part of a strategy that is created by a user that knows what he is doing.
I hope this pretty crowded explanation makes sense :)
Have a nice day :)
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@mustafa_yilmaz Sure it makes sense. DCA's are what most of the bot platforms offers, where buy condition is not even depend on any market condition or indicator. Just wondered if walbit offers DCA and Take Profit for exit condition
@ekin_ozek take profit is an exit condition feature that we have.
Currently in walbit, when you are creating a setup (which we are calling for an instance of algotrading bot) you must define your exit conditions which might depend on strategy only, one sided strategy and other side a fixed % value for take profit and stop loss.
We are working on implementing a trailing stop loss also, which might provide a better experience when a position goes south after being a good performant :)
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🚀 Looks great. Do you plan to introduce a feature where the strategies can be completely determined by the user?
@fatih_cure hey there,
Thanks for the comment and question.
We are currently positioning walbit just for users with zero knowledge on trading, this was always our approach but after the development of our backtesting and decoupled trade signal generator we decided to have a strategy builder for traders so that they can build and test their own strategies.
So, in short, we are building a simple (at least we are aiming it to be as simple as possible) drag-n-drop strategy builder where you can instantly test it over different conditions and then make it live for your own automated trades. This is a plan that we are thinking to ship in a few months.
Hi everyone!
Among the various trading bots out there, the main issue we had was that they required a lot of know-how and were usually too complex to set up, or even understand. With walbit we aimed to bring the bots to those who don’t know the ins and outs of trading with closed-box strategies we carefully prepared and optimized. You can simply connect your Binance account, examine the historical performance of our recommended setups, pick one (or configure your own) and automate your trading 🙌
📈 There are several strategies to choose from depending on your risk profile
⏱ You can backtest the strategies with your desired configuration in any timespan
⚙️ You can adjust your risk management settings (take-profit, stop-loss) for your setups
walbit currently only runs with Binance, but it is in our roadmap to connect to more exchanges soon. Also, a strategy-builder is in the works for those who want to dive deeper with their algos.
Hope you enjoy the product, and please share any feedback or thoughts since they are super important for us going forward 🙏
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This is really a good work, and its strategies are very good. I can suggest everyone to try. Congratulations!
@ir_99999 Hey there Irmak,
Currently we are working with only SaaS pricing model, though this is not written in the stone. While developing the application we did a private alpha, public alpha then a private beta which we introduced the current pricing model. While we are doing this launch, we are currently working on slight changes on our pricing model. First of all, in the private beta we figured out having only 1 month of free *unlimited* usage is not really valid, as one of our mostly used strategies (thanks to its quite low risk schema) is mostly generating 1-10 positions in the entire asset list that we are providing. So there will be a change in the free tier pricing (which will contain always free with no time limit) soon. Also everyone that is currently on the mentioned old free tier will be moved there.
There is a second option that we are working on the math, which is a slightly modified version of profit sharing. We are thinking to implement a pay-as-you-go model with only charged on the profitable positions and the profit amount on those positions. The math behind is still not completely convinced us but I believe this is the best option as we are moving forward.
For example lets assume your account completed 100 positions in 1 month in where 70% of those are profitable. We are thinking to taking a small (1-2%) cut from these profitable positions. So there will be no payment required on the positions that is not profitable. As we all know that Binance has a fixed cut from any trade that a trader is handling, we are trying to come up with a way to handle this pay-as-you-go model without hurting the customer and/or ourselves.
Though, there might be another view for your question, which is are we working as a hedge fund. No we are definitely not. We do not want to touch any of our users capital and we are not holding any of this capital in our accounts. When our customers connect their Binance account to walbit, the only permission that walbit has is trading the capital between assets.
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Great project and very easy to use. It has very good strategies.
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