Strategy: Passive Income via Veles Algorithmic Bot
This strategy focuses on transitioning from manual monitoring (checking charts and PnL) to an automated algorithmic approach that operates 24/7 without constant supervision.
Strategy Overview
- Potential Profit: Commission-based fee structure where only 20% of profits are taken (capped at $50 per month).
- Required Assets: Funds deposited in supported exchanges such as Bybit or Bitget; access to certain amounts for bot execution.
- Complexity: Low (due to ready-made able settings and pre-set strategies allowed by the platform, though requires initial setup testing).
Step-by-Step Guide
- Connect your exchange account, specifically mentioning support for platforms like Bybit and Bitget.
- Select a trading strategy, either choosing one of many available ready-to-use templates or configuring custom parameters if needed.
- Perform a Backtest using historical data to see how the chosen strategy would have performed before committing live capital.
- Launch the bot to trade any amount permitted while ensuring funds remain safely on the exchange with limited withdrawal permissions via API security.
Risk & Safety Note
Warning/Don'ts:__
• Do not forget that manual monitoring can lead to emotional errors compared to algorithmic discipline.
• Ensure you verify profit potential through backtesting prior to deployment to avoid unexpected resultson real moneysso lack current market conditions do not negatively impact way we want.
! DYOR (Do Your Own Research)
