Cryptobot – what is it?
September 27, 2022
The Best Cryptocurrency Trading Bot – Discover EazyBot
October 11, 2022
This morning, it was not possible to log into EazyBot accounts due to an ongoing update.
Below, I will describe the changes I have noticed in my account.
Changes on the subpage with bots
Apart from the visual change, additional information appeared next to each bot.
Previously, next to each bot there was information:
- the cost of the specific cryptocurrency, information about the cryptocurrency’s movement over 24 hours (increase/decrease %),
- generated profit,
- name of the connection with the exchange | funds you have set for the bot,
- and in blue your description (abbreviated name of the cryptocurrency).
Currently, next to each bot there is information:
- cryptocurrency symbol | cost of the cryptocurrency,
- generated profit,
- funds you have set for the bot + generated profit,
- funds in the process of trading,
- name of the bot (for me it is the date of creation) | name of the exchange,
- display whether the bot is active | ability to enter its transactions.
The change is so significant because now you can see exactly how much funds you have allocated to the bot and how much of them are available, as the rest is in the process of trading. A minor change, but a big plus.
Changes on the subpage with the transaction list
There have also been changes on the bot’s transaction list. Here, I have the impression that it was only about greater clarity of the tables, as no new data appeared, only their arrangement was changed.
This is what a sample transaction looked like previously on the bot’s transaction list:
The transaction list has also been reversed. The newest transactions now appear at the top.
During the creation of the bot, instead of ‘Use Default Configuration?’ the phrase ‘Use The EasyBot Strategy’ has appeared.
EazyBot ready for -90% drops
EazyBot operates in such a way that when there is a market decline, it buys more to average the price and be able to sell at slight rebounds even with a modest profit (I discussed this in the knowledge section). Until now, the bot managed up to -51% drops. When it reached such a drop, it either waited for a market rebound or you could add USDT to continue its operation.
It has been changed so that when the bot reaches 38 covering transactions, you can activate Enable Market Crash Recovery, which launches an additional bot that will take care of preparing the first one for -90% drops in the crypto market.
You can find more on this topic in the material from EazyBot on this page Enable Market Crash Recovery.
Potentially higher profits on new bots
Additionally, between levels -2, -5, -8 when the bot was averaging the price, it now performs additional transactions between these, which allows for generating higher revenues.
If you are using default settings in your bots, you don’t need to change anything. If you are operating with your own strategy, it’s worth turning off the cyclicality in them, and once the transactions are closed, shut down those bots and create new ones.
Smaller deposit for bots
New bots can also operate on lower amounts. On KuCoin, the minimum amount has been reduced to $184, and on Binance to $552, which allows them to operate effectively with the EazyBot’s strategy.