nefertiticryptobot
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nefertiticryptobot

Nefertiti and other crypto bots

This is part 3 in a series of articles on the Nefertiti trading bot. If you don’t know what Nefertiti is or does, please refer to part 1 in this series.

Nefertiti comes with a built-in strategy that is simple but proven; buy the dip, then sell those trades as soon as possible, preferably on the same day.

However, some traders might prefer an alternative strategy. Starting with Nefertiti 0.0.69 we’re pleased to announce a cooperation with Crypto Base Scanner, an awesome signal provider from the makers of the Altrady trading platform.

cryptobasescanner.com is an algorithm that calculates bases 24 hours a day and 7 days per week. When the price drops below a base it is considered cracked and cryptobasescanner.com will send out a signal for it. Most markets returns to the base in the hours after the crack, and the base is then considered respected.

Starting with version 0.0.69, the Nefertiti trading bot now supports listening to signals coming from cryptobasescanner.com, and then act upon them. Here’s how to set that up.

Those familiar with Nefertiti already understand that you’ll need to be running two instances of the bot in tandem, that we simply refer to as sell and buy.

Setting up a sell bot hasn’t changed and is the simplest command. We recommend setting this one up first. Open your terminal and then enter this:

./nefertiti sell --exchange=Bittrex

The sell bot will ask for your API and Pushover keys. Please note that you should NOT give Nefertiti (or any other bot for that matter) keys with withdrawal privileges. Stop here and confirm that your API keys do not include such privileges, then generate a new API key pair if they do.

Now that Nefertiti is ready to sell your trades, let us set up the buy bot. Open your terminal and then enter this:

./nefertiti buy
--exchange=Bittrex
--signals=cryptobasescanner.com
--crypto-base-scanner-key=XXX
--price=0.001
--quote=BTC
--min=0.00000050
--volume=1
--repeat=0.0084

Let us go over each and every above option. --signals tells Nefertiti what signal provider to listen to. In this example, Nefertiti will listen to signals coming from cryptobasescanner.com.

--crypto-base-scanner-key is your cryptobasescanner.com API key. Please subscribe here for your cryptobasescanner.com API key. Your cryptobasescanner.com API key is individual and not to be shared.

--price is the price (in quote currency, more on that later) that you will want to pay for one order.

--quote is the currency that is used as the reference, for example: BTC or ETH or USDT. Think of this as the wallet that Nefertiti will credit when it places a buy order, and then debit when it sells that order for you.

--min is the minimum ticker price. If the ticker price is currently lower than this value, then Nefertiti will ignore (not buy) the signal. This allows you to ignore so-called low-satoshi markets.

--volume is the minimum trading volume in BTC. If the trading volume over the last 24 hours is lower than this value, then Nefertiti will ignore (not buy) the signal. This allows you to ignore markets where the trading volume is so low that they are easily manipulated. In this example, Nefertiti will ignore (not buy) markets where the 24 hour trading value is lower than 1 BTC.

Last but not least, --repeat instructs Nefertiti how often you want to repeat the buy command. In this example, the buy bot will poll for signals roughly every 30 seconds.

Nefertiti is freeware. But if the bot is making you money, then I’d appreciate a BTC donation here:

1M4ZAsZGA89P54kAawZk8dKTcytLw33keu

Your donation will improve the bot and keep this project moving forward. Thanks!

Disclaimer: investing in crypto is high risk. Never spend money on crypto you cannot afford to loose. Use crypto bots at your own risk.

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Stefan

Delphi/Rust/Go developer. Ethereum consultant. Embarcadero MVP. Ex-Adobe, Macromedia. Helped build 1Password.