TraderDaddy is fully automated cryptocurrency trading. Obtaining the lowest possible break-even point in each market is achieved by mitigating risk with budget sensitive micro-trades over a long period of time. Key components to the strategy include cost averaging, diversification, compounding, and patience.
The official Bittrex API is used to securely trade on behalf of each user. Withdrawal privileges are not needed by TraderDaddy to function, ensuring funds stay on each users Bittrex account. Enable "read info" and "trade limit" when configuring the API key.
It's common for new users to think TraderDaddy is not buying or selling fast enough. This behavior is normal in the beginning, to avoid entering markets too quickly. Please be patient while TraderDaddy strategically builds up your initial trading positions. Trade frequency improves after trading on a market for a few days.
Dashboard information is usually about an hour behind. Account value is about five minutes behind.
It is not necessary to turn TraderDaddy on and off after changing market selection, budget allocation, or budget. New changes take effect within an hour.
It is not recommended to trade on the same account used by TraderDaddy, you should create a Bittrex account that can be used exclusively. If you find yourself thinking you need to do something manually, you are using TraderDaddy wrong.
It may take up to an hour for changes to take effect. TraderDaddy will continue attempting to profit from incomplete or partial orders, even if the market is deselected.
500 RBY will need to be on your Bittrex account for TraderDaddy to work. Those RBY can be sold back to the market if you decide TraderDaddy is not for you. There is no payment required to use TraderDaddy, keep 100% of your profit.
TraderDaddy was built with the intent of generating demand for Rubycoin, and profit for users, while also helping cryptocurrency as a whole.
All trading gains are used to make more profit and grow your trading capital. Users that provide liquidity for long periods of time benefit the most from compounding.
Contributing additional funds on a fixed schedule (such as once a week) is a great way to maximize profit, while making compounding even more effective.
If you think you have found a problem with TraderDaddy, attempt to confirm the issue with other users on Slack or IRC. Once an issue is confirmed, it can be investigated and necessary fixes applied for every user automatically.
Your account is in the middle of recalculating and refreshing all orders. This takes place about once an hour. Also, be aware that the timestamps on TraderDaddy do not match the timestamps on Bittrex.
A minimum of 1 BTC per market is necessary for TraderDaddy to perform well. Less than that is not effective with this style of trading because of order minimums and other factors.
Decreasing your budget is not recommended. It's possible that trades in progress could be interrupted, which would cause a budgetting issue. It may be possible to decrease your budget in the future. Only trade with an amount that you are comfortable keeping on Bittrex for an extended period of time.
In the short term, account value may go down. This is completely normal and necessary behavior, it happens when some of your selected markets are going down. TraderDaddy is accumulating, which will become profit when the markets reverse and start going up again. Current profit on your dashboard is a better representation of your actual profit.
Using machine learning techniques, such as linear regression and decision trees, TraderDaddy is able to improve itself. Each TraderDaddy account trades independently, but the data and history of all accounts are used to increase profit for all.
A common flaw in many trading bots is that they can be fooled because of their dependence on external data. TraderDaddy does things different, only relying on internal data makes it immune to certain types of manipulation and trickery.
TraderDaddy has been granted special access to the Bittrex API that allows it to make API calls without restriction. Additional similar perks may be available in the future for high volume traders.
Exchanges that support Rubycoin with a market will be integrated into TraderDaddy. This is necessary because users are required to have 500 RBY while using TraderDaddy, so they must be able to easily purchase it. Our users are ready and willing to provide continuous liquidity to quality markets.
Cryptocurrency that have interesting methods of creating demand tend to do well. Those that simply combine existing features and don't provide compelling use cases have difficulty sustaining the long-term market conditions necessary for TraderDaddy to thrive. A combination of small, medium, and large market caps should be used to properly balance risk and reward.