Whalebot Transaction Robot

Preface

There are many different trading robots in the market for quantitative trading. The most important factor for a trading robot is undoubtedly the safety of funds, followed by the ability to withstand market downturns, and finally the comparison of performance to choose one that is acceptable. However, due to China’s crackdown on virtual currencies, many cryptocurrency robots were shut down on May 26th. Here, we recommend introducing Whalebot, a trading robot that currently has a good track record of withstanding market downturns and whose funds are stored in Binance.

Safeguarding funds by integrating API

Currently, due to the increasing number of trading robots and scams in the market, a safer approach is to use API to plug in robot operations outside the exchange. In this way, funds will still be in the exchange, and the robot will only help you place orders through the API on the exchange, and the API can be set with full permissions, even if there is a robot with the intention of transferring coins, it cannot operate. Here we introduce how to connect Whale Bot API on Binance Exchange.

  • Step 1: Select the ‘More’ option in Binance
  • Scroll down the menu to API Management.
  • Create API (choose your own name)
  • The permission section depends on the needs. Generally, the options are: 1. Allow Futures 2. Allow Margin 3. Enable Reading 4. Allow Withdrawals. Due to security reasons, it is not recommended to enable too many permissions.
  • Copy the API key from Binance and paste it onto WhaleBot to complete the binding process.

Whalebot’s performance in bear markets

Let’s take a look at a major event in the cryptocurrency market, the massive drop of LUNA coin. Basically, more than 90% of the quant trading robots were liquidated during this crash (liquidation means all funds were reduced to zero and forced to exit the market). However, the WhaleBot trading robot survived the LUNA coin crash and even made a profit (as long as you follow the instructions on the official website to activate the robot as shown in figure 2).

圖二

Contract No.1 Long-Short Arbitrage (started running from 4/17 with the coin price ranging from 80 to 99 before dropping to 24) During the massive drop of LUNA by 75%, over 90% of quantitative robots went bust. However, the WhaleBot robot survived and even made a profit (by following the instructions provided on the official website as shown in Figure 2). Starting price of LUNA was around 80 on 4/17 Highest price of LUNA was around 99 on 4/21 Lowest price of LUNA was around 24 on 5/10 Currently trading at around 30 Initial investment of 1400u with the first order at 40% and set at 560u Doubled the first order on 5/9 The highest floating loss was 1987u, with an arbitrage of 1607u = -380u (no bust) Short position from 24 to 28 (4 positions) and long position from 31 to 39 (8 positions) with almost full position. Oscillation up and down, with limited floating loss and unlimited arbitrage. The faster the arbitrage reaches 1.5 times the initial investment, the safer and more stable it becomes (currently at 1740, which is 1.2 times the initial investment and close to safety).

Official Announcement of WhalesTrader Strategies

The entry and exit strategies of major trading bots are not publicly disclosed, but you can see the basic exit strategies explained by the official website. Therefore, here we can only verify their exit strategies and the price points on Binance. The WhaleBot strategy includes both long and short positions, as well as short with long positions. The advantage of this method is to avoid opening wrong positions, and it can also prevent the pressure of holding large positions.

Conclusion and WhaleBot Fees

Conclusion and WhaleBot Fees: WhaleBot robots are currently able to withstand one-sided large market fluctuations, avoiding forced liquidation. The profit part is calculated to be very high and fast due to WhaleBot’s 15-minute trading frequency and the choice of currencies. Another advantage of WhaleBot is that its servers are not located in China, which happens to avoid this wave of crackdowns on quantitative trading companies. (BinNiu is another good quantitative robot, but it has been taken down due to its servers being located in China.) Note that quantitative trading robots on the Internet all have fees, and their security is currently safe, but what will happen in the future is unknown. The safest way is to write your own API and rent a server. If you currently don’t have time to write one yourself and need to open a trading robot, WhaleBot will be one of your choices.”

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