My cryptocurrency investment report for November - algotrading

Without unnecessary water, I will present my report on investments in cryptocurrency for November 1 – 15, 2023. Unfortunately or fortunately at the moment, I do not have a large capital, so I am testing this method starting with a small amount. So, on November 1, 2023, I deposited 10 USDT into my futures account at binance.

This is the status of the account at this moment on November 15, 2023.

After simple calculations, you can see that the initial deposit has increased by 65% in 14 days.

Now how it works.

I connected to my Binance futures account via API a trading robot with Veles.

A brief overview of what Veles is?

Veles is a platform for creating trading bots in the cryptocurrency market.

The platform already has several ready-made bots that you can connect to your trading account with your broker.

Veles will work with different brokers. I am currently testing the $1 Bot trading bot on my futures account at Binance.

I didn’t change anything in the bot settings, I just pull the deposit size to 50% of my Binance futures account.

I deposit money to my binance account and back from revolut card. Briefly about Revolut service:

Revolut is a British-Lithuanian online bank. It offers accounts with interest-free currency exchange as well as cryptocurrency trading in many countries around the world.

Personally, I use my Revolut card for international transfers and also, deposit and withdraw money to my binance account through it. With a Revolut card, you can transfer money to a friend without interest, who has the same card and can be anywhere in the world.

How to customize?

Register on veles.

Fund your futures account on binance.

Create API on binance and connect to the bot on veles.

Detailed instructions can be found on the Veles website.

How does it work?

You can choose one of several ready-made bots or customize your own according to your trading system. You connect it to your account on Binance. In the API settings, you specify what rights you give to this API.

Check the “Enable Spot & Margin Trading” checkboxes. The bot cannot withdraw money from the account unless this option is enabled in the API settings. The bot can only open or close orders. In other words, your broker (binance) executes trades on your account at the command of the Veles bot.

I decided to test this system starting with a small amount of money. I plan to set aside about 10% from each check for investment.

Disclaimer: the information provided is not an instruction to action! I only share my experience and give recommendations. You are responsible for your actions. Any kind of investment is a risky business. Therefore, you should approach this business professionally!

To engage in stock trading you need a lot of experience and understanding of the principles of financial markets. This applies to the stock, currency, or cryptocurrency market.

The difference in the cryptocurrency market is that it is highly volatile. This allows you to earn a large percentage of the deposit in a short period. But if you treat it like a casino, the result will correspond.

Test various instruments with small amounts and over time you will accumulate the necessary experience.