Frequently Asked

The standard is 18% of your total investment in Euros. But you can change that with ‘average purchase amount’ in ‘Settings’. The recommendation is to use 1/15th of your total amount of Euros.

It is possible to use the simulator modus first so you don’t use any Euros and you can see how the bot performs. It is also ideal to try different strategies.

You first want to see that your intended investment capital is really giving returns with the Satoshi Trading Bot. A simulator mode has been developed for that, it works with real-time trading data and your intended investment capital.

What do you need for this?

Only a Satoshi Trading Bot account

Step by step:

1.You log in to the Satoshi Trading Bot and go directly to Settings/Stocks/Add Stock Market. There, choose “Simulator”.

2.As name you give “Simulator” and as stock exchange you choose the stock exchange where you would normally open an account. As a starting capital, enter the amount you want the trader to invest.

Then follow the normal steps for “Setting up the Trader”, via Settings/Traders/Add Trader. Instructions for setting up trader are under Intstructions in Menu.

You can deposit more Euros on your exchange and set the maximum purchase amount in your traders a little higher. Then the bot will automatically use your extra investment. Or you can choose to let the bot open more positions by setting an extra maximum position.

This can be done by setting up so-called ceiling prices. At ‘settings’ -> ’traders’ there is an option to adjust the ‘maximum purchase amount’. For example, in June the Bitcoin market often dropped towards 28k euros and then back towards 30k. For the bot, these are perfect conditions. If you then set the maximum purchase amount of Bitcoin to 28k and the minimum profit percentage for example to 3% in this case then the rest is automatic.

This can also be used in a rising market of course, but it is a retained strategy which limits the bot’s actions somewhat.

When inactive, your trader will be saved in history and will not do anything until it is activated again. If you don’t want to make any new purchases but you do want to sell, set the ceiling price in the relevant trader to € 0.01, but leave it active.

When inactive, your trader will be saved in history and will not do anything until it is activated again. If you don’t want to make any new purchases but you do want to sell, stop the purchases above € 0.01, but leave it active.

 It may be that the balance in the crypto account at the exchange is not sufficient to execute the order. These discrepancies can occur when users trade on the exchange themselves and do not take into account the trader’s “inventory”. Solutions: You purchase the differences once “manually” in the exchange’s dashboard. The trader then completes all transactions and the history is preserved. In the trader you put the concerning order lines on “on hold” (button “II” in the purchase screen). The trader will ignore the transactions and the history will be preserved. You delete the traders in question and then enter them again. All posts are now reset and the trader starts again. The trader history has been erased. Use the option that is most obvious to you.

The cost is 20% of the profit of each successful transaction. The bot only sells transactions when it is at profit you therefore cannot make a loss.

In this strategy the trader does not follow a price trend but takes positions with a price range of 1,5%. The trader buys a position equal to 18% (minimum amount of € 25,-) of your free euro balance in the exchange (unless you filled in the average purchase amount, in which case that amount is purchased), provided that no other position within a price range of 1,5% upwards or downwards is available. The trader sells the position as soon as the minimum return which the user has entered in his settings is met. The Updown strategy works with 1-minute candles. This means that the closing price on which the Updown Strategy steers is determined once a minute. If this closing price is higher than the closing price of the preceding candle, the Updown doesn’t sell yet, because in that case the price is rising. He only sells if the last candle is fundamentally (in price and volume) lower than the preceding candle.

The trader uses this percentage to judge when he may sell the trade. So this percentage must be high enough to make a profit. If you enter 5%, the trader will make relatively few transactions. After all, price fluctuations of 5% are less frequent. If you enter 2%, you will benefit from a larger volume of transactions and perhaps have a better overall return. Keep in mind that almost all exchanges charge 0.25% buy and 0.25% sell fees. So that means you only make a profit from a return rate of 0.5%. Our calculations on historical data (24 months history and longer) indicate that between 1.5% and 1.8% is the maximum net return (= taking into account transaction costs).

However, my own strategy is 0.7% to 1.1% percentage so the trader can buy and sell quickly. Note that you do need a good volume for this to be really profitable, because then the costs on Bitvavo will also be lower.

Solution: 1. You buy once the differences ‘manually’ in the dashboard of the exchange. The trader then completes all trades and the history is preserved.

Solution 2. You sell the relevant crypto’s in the exchange manually and thus take your profit. In the trader you put the relevant order lines on “on hold” (button “II” in the purchase screen). The trader ignores the transactions and the history is preserved.

Solution 3. You sell the relevant crypto’s in the exchange manually and thus take your profit. You delete the traders in question and then enter them again. All entries are now reset and the trader starts over. The trader history will be erased. Take the option which appeals to you the most.