walbit

Trading bot platform with built-in algorithmic strategies

5.0•5 reviews•

11 followers

Trading bot platform with built-in algorithmic strategies

5.0•5 reviews•

11 followers

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Invest in cryptocurrencies on Binance hassle-free. Through walbit's optimized algorithmic trading strategies, automate your trading over 50 assets and let your capital grow while you sit back. Leave your email on the website to join our whitelist.

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Launch tags:

Fintech•Crypto•Money

Launch Team

Meriç Melike Yılmaz

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Maker

Hi everyone! Among the various trading bots out there, the main issue we had was that they required a lot of know-how and were usually too complex to set up, or even understand. With walbit we aimed to bring the bots to those who don’t know the ins and outs of trading with closed-box strategies we carefully prepared and optimized. You can simply connect your Binance account, examine the historical performance of our recommended setups, pick one (or configure your own) and automate your trading 🙌 📈 There are several strategies to choose from depending on your risk profile ⏱ You can backtest the strategies with your desired configuration in any timespan ⚙️ You can adjust your risk management settings (take-profit, stop-loss) for your setups walbit currently only runs with Binance, but it is in our roadmap to connect to more exchanges soon. Also, a strategy-builder is in the works for those who want to dive deeper with their algos. Hope you enjoy the product, and please share any feedback or thoughts since they are super important for us going forward 🙏

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3yr ago

Ekin Asim Ozek

It is really nice to see a product out there that presents a solution for zero experienced traders. Walbit does not tries to sell you signal subscriptions or follow unqualified trades. One question: Do you plan to introduce DCA for your strategies as an optimal condition? I would like to use it in volatile crypto market

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3yr ago

Mustafa Yilmaz

walbit

Maker

@ekin_ozek hey there, As you also mentioned that walbit is really aiming the regular people, not day traders or even real traders. The problem with utilizing DCA (Dollar Cost Averaging for the interested ones that don't know the abbreviation) is that it hedges a large sum of capital while the asset value is decreasing. The main aspect of DCA is decreasing the relative losses while the market is goes south on your trades. So, lets think it this way. You are allowing the bot with working a basic 100$ per trade with simple exit conditions like 4% stop loss. In the current aspect of the product this is pretty much better than utilizing a DCA like; Invest 100$ when %2 down, Invest 100$ more when %4 down, which means users capital is invested on the same downfalling asset and kept lock in there until the DCA conditions are met. We are thinking to have a DCA logic in the upcoming strategy builder, as it is a well-known and used technique for the day traders, but in the aspect of using our optimized strategies, we are not intending to implement it as a setup condition (such as stop loss or take profit). So, in short, when DCA will be available it will be a part of a strategy that is created by a user that knows what he is doing. I hope this pretty crowded explanation makes sense :) Have a nice day :)

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3yr ago

Ekin Asim Ozek

@mustafa_yilmaz Sure it makes sense. DCA's are what most of the bot platforms offers, where buy condition is not even depend on any market condition or indicator. Just wondered if walbit offers DCA and Take Profit for exit condition

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3yr ago

Mustafa Yilmaz

walbit

Maker

@ekin_ozek take profit is an exit condition feature that we have. Currently in walbit, when you are creating a setup (which we are calling for an instance of algotrading bot) you must define your exit conditions which might depend on strategy only, one sided strategy and other side a fixed % value for take profit and stop loss. We are working on implementing a trailing stop loss also, which might provide a better experience when a position goes south after being a good performant :)

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3yr ago