Multiply your earnings with Binance futures contracts, using a crypto trading bot. Waltoria Follow Apr 21 · 3 min read

If you trade cryptocurrencies, it’s most likely that you believe in the underlying technology Blockchain. Blockchain is in no doubt the technology for the new world; without believing in utopia, we at least have a sense that this technology would radically increase access to financial instruments and services globally. Blockchain’s early adopters would reap significant benefits as well as costs involved, however today, we’re still in very early days. The volatility in the markets are still very significant, one moment you are up 20%, and If you are not careful, all your gains would be wiped out. Manually trading in such a volatile market would only get your emotions involved to a point that it wouldn’t be too long before you make a costly mistake. This is why you need the right tools to stand guard for you, unrelenting, and free of emotions.

I trade Binance futures contracts with Gunbot (one of the world’s most advanced crypto trading software). The goal of this article is to showcase one of my favorite crypto trading strategies — Trailing Stop / Stop Loss. (TSSL) and how you could use Binance futures to boost your returns.

A little disclaimer, as much as trading futures can multiply your returns, it also multiplies your losses. On Binance, you can trade futures contracts with as much as 125x leverage. If you have $200 to trade with using a 50x leverage, any position you enter with $200 would be worth $10,000 ($200 x 50 ) This means if your position goes up 1% or down 1%, you would have gained $100 or lost $100 on your $200 position (1% of 10,000 is $100). So, choosing the right position that puts risk into account is key in making money in this space.

To minimize risk and allow room for market volatility, I use 10X leverage on $200 positions. Each entry I make on any coin is worth $2,000.

Positions are entered with the strategy mentioned above Trailing Stop / Stop Loss. (TSSL). This strategy trails the stock price from a set exponential moving average and enters a long position when the coin has been relatively oversold and a short position when the stock has been relatively overbought. This is a simplified description of how the strategy works, but you can imagine how if set properly for each coin, you can make money when the market is going up as well as when it is going down. Here is an image of how this strategy works.

On a 1hr bitcoin chart, this strategy is profitable 75% of the time and in 10 days, I have been able to double my initial investment of $200. Each position was entered by my trading software free of the limitations and biases of my emotions.

Please feel reach out and ask questions about this strategy, would love to answer them.

Trade Wisely,

Ifeanyi Onubogu.

www.waltoria.io