Retracement Catcher is a trading strategy that involves purchasing an asset at a level of strong demand, or support in the bullish trend and vice versa in the bearish trend.

In the volatile world of cryptocurrency, Retracement Catcher can be a useful tool for traders looking to enter the market at a potentially lower risk point.

In this post, we will introduce a new trading bot that implements a Retracement strategy specifically designed for the crypto market, and discuss how it has been successful in generating profits for its users.

What is Retracement Catcher Bot and how does it work?

Our trading bot, called Retracement Catcher Bot (RCB), uses advanced algorithms to identify key levels of support and resistance in the crypto market and take advantage of them.

In the bullish scenario, the bot begins by analyzing the trend swings of an asset and identifying strong levels of support, which may indicate a potential pull-back move.

When the bot detects such a move, it adds a second bot called TPA (Trade Personal Assistant) to manage the trade entry, take profit, stop loss, risk management, money management, and exit conditions. The bot can scan all trading pairs on a specific crypto exchange and allows the user to add as many trades as they wish, capitalizing on any potential pull-back action in the market.

The bot also includes customizable parameters, such as the level of risk the user is willing to take and the specific cryptocurrencies they want to trade.

read more about: how it works and how to run it

Examples of Successful Trades:

Since its Beta launch, Retracement Catcher has helped its users make numerous successful trades using the buy support strategy. Few examples for trades executed last year: TRB/BUSD +4.7%, NEAR/BUSD +4.4, OG/BUSD +5.3, 

Risks and Limitations:

Like any trading strategy, trading on a pull-back movement carries certain risks and limitations like the down movement can be severe in dump situations and it may last for an extended period of time. It is important for traders to understand that there is no guarantee of profits when using the Retracement Catcher bot or any other trading tool. It is also important to be aware of the inherent volatility of the crypto market and to carefully manage risk and capital when using the bot.

Conclusion:

In conclusion, RCB strategy has been successful in helping its users make profitable trades in the crypto market. While there are always risks involved in trading, the use of a well-designed tool like Retracement Catcher Bot can help traders make informed decisions and potentially increase their chances of success.

RC Bot Documentation >>>

While traders have limited capital through a limited number of pairs to run grid bots on, traders are always confused about which is the best pair for the grid strategy?

Enter: Spider Grid Scanner

Spider Grid Scanner is a supplementary strategy to Spider Grid Bot 2.0.
It helps to solve this dilemma by scaning the whole trading pairs (ex. USDT pairs) on a certain exchange like Binance, Kucoin, Huobi, OKx, or FTX, to give the best 5 pairs to run the Spider Grid Bot on.

The outcome of the scanning will be the following information:
-Step percentages
-Lower Limit price
-Upper Limit price
-TP price
-SL price

You can pick any of the 5 best pairs, enter the outcome parameters in the Spider Grid Bot, enter the capital per trade, or the total amount of capital for the whole grid, then hit run.
Spider Grid Bot will then keep buying and selling this pair at each level in the specified range until the price hits TP or SL then it will stop.

Spider Grid Bot has two modes.

In the Bullish Mode, when the price hits TP, the bot will just stop. When the price hits SL the bot will stop and sell all sell limit orders at the SL price.

In the Bearish Mode, when the price hits TP, the bot will just stop. When the price hits SL the bot will stop and buy all buy limit orders at the SL price.

Crypto market volatility is one of the most unique attribute of an immerging market. To use this volatility to your benefits we created Grid Bot that can profit from all price movements up and down.

Grid Bot is an automated strategy where you set the price rang you wanted to operate in and the number of levels in this range and the capital per level then it will MILK the market whether it moves up or down in this range. The longer the market moves in this range the higher the profit it will be. While we are in a bear market now and close to the bottom of the bear market it is the best time to use Grid strategy because you are protected from the down side.

How to use SpiderGrid Bot

In 3rdDimension open StrategyRunner (stR), then choose SpiderGrid Bot.

Then you will need to input the following parameters:

1- Licence : select your active license, and pay attention that your Licence set the limitation to the number of allowed Grids and the max quantity per each Trade.

2- Symbol : the pair you want to trade on. which you already have its quote.

3- Trigger Price: if you want the Bot to start at a specific price level.

Price Range : 4- Lower Limit  5- Upper Limit.

6- Level Mode: the number of levels in the price range you chose, 3rdDimension lets you to choose one of the 3 types of dividing your grid:

• Fixed Step: so that between each level there is a fixed numerical value.
• Fixed Percentage: between each level there is a fixed price percentage.
• Fixed Num of Levels: the price range is divided into a specified number of levels.

7- The numerical value of the previous parameter.

8- Then you are free to choose to input Quote Quantity per trade and the bot will calculate 9- Full Quote Quantity, and vice versa.

10- Instance name: name your Bot to easily manage it from Strategy Manager.

Example:

1- Licence : Nemo let you to open 1 grid with max of 15$ Quote Quantity per Trade,

2- Symbol : Dose-USDC

3- Trigger Price: 0 so the Bot will operate at the current price.

Price Range :
4- Lower Limit: 0.03175 Dose
5- Upper Limit: 0.03355 Dose

6-7- Level Mode: Fixed Num of Levels (5).

8- Quote Quantity per trade: 10

9- Full Quote Quantity: 50

Imagine there is a bot that can buy every resistance breakout retest in the crypto market, and then trail your TP based on adaptive price action to close the trade on the best possible price before it retraces down.

But also set a perfect risk adjusted SL when a candle closes below the closest support, In addition, you can set the parameters to exit the trade on a breakeven if any candlestick closes below that resistance you entered at, assuming that it was a false breakout.

No need to imagine anymore because SBR bot can do all of this and even more.

SBR is a cutting-edge smart bot that scans the whole crypto market to identify all resistance levels that meet your market conditions picked in the settings and then add a separate TPA for each trade opportunity and only enter the trade if that resistance has been retested after a candle closes above it.

Each TPA is a semi-automated bot that can manage the trade TP,SL,breakeven Exit, Trailing TP, Risk Management and Money Management.

You can manage all TPAs in the TPA Manager Panel.

Read more details about SBR_BOT