Stefan van As
Mar 10, 2018 · 3 min read

This is part 4 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 includes 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.

The standard, built-in strategy does not include stop-loss orders. While this strategy works pretty good for those that want to accumulate more Bitcoin and use the altcoin markets as a vehicle for that, it doesn’t seem to work very well for external signals (such as MiningHamster, for example).

Starting with Nefertiti 0.0.14, we are pleased to introduce a stop-loss strategy that is more effective for those that are using Nefertiti with external bots. This new strategy will place stop-loss orders for you.

Here’s how to put the new strategy to work. Assuming you already have a buy bot that is listening to external signals, here’s how to set up your sell bot:

./cryptotrader sell --exchange=Binance --strategy=4

Here are the possible values for strategy:

0 = Standard. No trailing. No stop-loss. Recommended, default strategy.

1 = Trailing. As strategy #0, but includes trailing. Never sells at a loss.

2 = Trailing Stop-Loss. As strategy #1, but potentially sells at a loss.

3 = Trailing Stop-Loss Short/Mid Term. As strategy #2, but does not trail forever.

4 = Stop-Loss. No trailing. As strategy #0, but potentially sells at a loss.


Let’s go back to the standard, built-in strategy for a moment. While Nefertiti is designed to buy the dip, the bot didn’t dollar-cost-average in heavy dips (in other words: all dips are treated equally).

Starting with Nefertiti 0.0.14, we’re introducing a new argument named risk. Should you have the coins (and the balls) the buy some more in heavy dips, Nefertiti can now do so for you.

Here are the possible values for risk:

0 = medium risk — recommended (default)

1 = high risk — double your order size in heavy dips.

2 = are you nuts?!? —quadruple your order size in extreme dips.

3 = DCA (dollar-cost-averaging) — slowly but surely, increase your stack proportionally while lowering your average buying price (aka “layering”).


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.


nefertiticryptobot

Nefertiti is a FREE crypto trading bot that follows a safe but proven strategy; buy the dip, then sell those trades as soon as possible, preferably on the same day.

Stefan van As

Written by

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

nefertiticryptobot

Nefertiti is a FREE crypto trading bot that follows a safe but proven strategy; buy the dip, then sell those trades as soon as possible, preferably on the same day.

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