Hi there,

In this post I'll be explaining what are the 69er bots and what are their potential purpose, you will learn that these are not always-on Bots, they have a very high ROI, yes, but there is no such thing as free dinners. For these bots to have that higher ROI they need to lack in something, so in summary, they are very aggressive scalpers, which means they will need to be handled by more experience traders and require constant monitoring, otherwise there is a very high probability of getting wrecked. So before using this bot configuration please read carefully and understand very well your risks, this is a "very dangerous" theoretical bot configuration, much more so if you're a newbie!

The Objective

I'm sure you have noticed some coins or tokens that out of a sudden go parabolic, and they start closing deals like crazy when for example using TA standard settings, and what do we usually do? We bump up the Base and Safety order prices of that bot to try and get more out of it, but by doing so we were making a huge mistake and exponentially increasing our risk, because if a TA Standard costs $1474 per bot with a BO of $11 and SO of $22, if you boost the BO to $50 and the SO to $100 now your bot costs $6695, and if the coin or token price suddenly drops 15% guess what, you are already using the full capital reserved for the original TA standard bot to DCA to 60%, so, that will make you to be overextended, and if you were already overextended before that, well, I'm guessing you are in real trouble now.

Hence, I wanted to create a bot that would allow for a higher use of it's capital on the first BO and SO, but I didn't want for it to boost the end price of the bot, I wanted it to keep a lower total capital risk just in case I missed a sudden price drop of the parabolic asset, and it was resulting difficult to find a less expensive solution, until it hits me, what if a flip the current DCA strength logic? And yes, that was the solution I was looking for, but as you remember, there are no free dinners, so there is a caveat to this new logic, which I will explain next.

The inverse DCA strength logic

If you have seen TA videos, at some point he explains what the safety order volume scale config parameter does, and he explains the 1.05% visually by making a pyramid of rectangles that grow wider as you go down, and that translates to each new safety order will be more expensive than the previous one, hence boosting your DCA capabilities to take you out of the deal quicker. The inverse DCA strength logic is, you guessed it, the exact opposite of that, so in the 69er I use 0.85%, which translates to each new safety order will be cheaper than the previous one, making your DCA strength weaker with each new safety order, so, it will be harder to get out of deals as you go down into the safety orders. So this new found logic is something that you really need to understand in order to make a correct use of this bot, it is not a bot intended to be kept on all the time, no, it is a bot intended only to scalp the best ROI possible from high uptrend coins or tokens while that uptrend lasts, making for a better use of one's capital and keeping your risks minimal by using a small total bot cost.

The 69er Strategy and Usage

By now you should have understood that this is not a bot to run 20 at the same time and forget about it, no, this is a bot that will require constant monitoring, and while it's 30% DCA capabilities will allow for you to take your eyes away from it for a couple of hours, you understand that if the market turns you will need to take quick action because the SO DCA capabilities of this bot decreases with each new Safety Order, and if the bot has to use it's maximum SO, which is the coin or token has decreased 30%, you will require the coin or token to go up 31% in order to exit the deal if you're using TP at 2%, or that you manually start to DCA the bot to a better range, but you need to be careful here, wait until you see a confirmation of the downtrend reversal before adding more funds, and I'm saying this because if the coin or token keeps dropping then by putting more capital at play you're increasing your risk exposure and the potential of even more capital loss increases with it.

If you have the misfortune of having to use SO# 12, at that point you would need the coin or token to go up 31%, which translates into $147,9, but in fact if you do the math, you would have bought $464.41 already, if would choose to close the deal at market price when it reaches this point your assets value would only be worth approximately $324.04, so it would represent a 30% loss.

So, by now I hope you really understand the real danger of this strategy, and why it is intended only for experienced traders, hence my reluctance in sharing it into the wild without proper clarifications, it will require constant monitoring as there is a very high risk of getting the bot stuck, so it is advisable not to leave it on unattended when you go to sleep as you don't want to wake up to any surprises.

In terms of strategy what I personally think it is best to do with this bot is, keep separated the funds required to run 2 of "The 69er" bots, which basically is having at hand $930, but the intention is only to use 1 at a time, so if you get stuck you still have capital to try to DCA out strongly.

When you detect a coin or token in a high uptrend, say for example one that is using TA settings and is closing deals like crazy, you will take a look at the charts to see where it is at, and if the charts look promising in terms of support/resistance and we are not already in all time high territory, then you might consider to start the bot to take advantage of that short term volatility in order to increase your ROI over that coin or token. At all times you will need to keep an eye on the coin or token trend. If the deals closure starts to slow down, or if you loose any key level of support it would be advisable to assess if you should stop the bot immediately and if you might need to close the current open deal at market price to avoid a loss.

To minimize risks it is also advisable to apply a deal start conditions to this strategy, but I haven't tried out any yet besides starting ASAP. A simple start condition that I have consider to avoid buying the tops is trying to use "TV RSI must be lower than XX" on the "XX timeframe", which would have to be adjusted to each coin or token accordingly, so if you have used this start condition already let me know your thoughts in the comment section below.

Running this bot will require a lot of work and risk acceptance, for the majority of traders it might not even make sense the risk-reward offered by this strategy, but on the other hand it is not a very expensive bot, and you can also play with the BO and SO order sizes in order to minimize risks/losses even further, so for now only take it as a theoretical bot model of what you can achieve if your focus is to take out the maximum ROI of a high volatility token on the uprise by applying the inverse DCA strength logic, and maybe in the future someone will tweak this crazy beast to be more attainable.

The bots configurations

Below I leave you with the bots configurations, please use them responsibly, paper trade with them first to get a hang of how they perform, tweak the settings to your liking and always remember, these are theoretical scalper bot setups, they have a very aggressive dangerous setup, and hence, they can get easily wrecked and disappoint you, you have been warned!

What the acronyms mean:
BO - Base order size
SO - Safety Order size
TP - Take Profit
SOS - Price deviation to open safety orders
OS - Safety Order Volume Scale
SS - Safety Order Step Scale
MSTC - Max Safety Trades Count
DSC - Deal Start Condition

Sellium "The 69er"
BO: $69 --> This is where the bot name comes from... 😉
SO: $69
TP: 0.75% to close deals faster // 2% for the best ROI
SOS: 1.89%
OS: 0.85 --> Remember, this makes the DCA weaker with each SO.
SS: 1.05
MSTC: 12
DSC: ASAP, or, to keep it from entering pump and dump deals, use TV RSI must be inferior to XX.

Link to Bot with TP 0.75%: https://3commas.io/bots/7281885/shared_show?secret=ad25d94280
Link to Bot with TP 2%: https://3commas.io/bots/7281915/shared_show?secret=4503e83160

Sellium "The 69er - Super Scalper"
This is "The 69er" on steroids, so if the previous one is dangerous, tread very lightly with this one...
BO: $69
SO: $69
TP: 0.75%
SOS: 1.0%
OS: 0.85
SS: 1.04
MSTC: 12
DSC: ASAP, or, to keep it from entering pump and dump deals, use TV RSI must be inferior to XX.

Link to Bot with TP 0.75: https://3commas.io/bots/7281943/shared_show?secret=f5e92925f0
Link to Bot with TP 1.5https://3commas.io/bots/7281955/shared_show?secret=e087aa7526

In summary

These are theoretical bot configurations, and we still require a lot more experimentation and a lot more data from them in order to have a real feel of how they can fit a bot strategy. So far by now their only purpose is to squeeze out ROI from high uptrend coins or tokens, but the risk/reward together with the need for a constant monitoring might not justify the cost, but nevertheless, I believe it is a bot that will open doors to new possibilities by having people also consider configurations that use the inverse DCA strength logic. For now I would only recommend trying out this bot in paper trade and tweak it to your liking according to the results you want to achieve, hopefully in a short future we can tame the beast and have a v2 which will tackle some of the low points it current has. Until then, trade safe! 🤖