PUT YOUR CRYPTO TRADING BOT SKILLS TO THE TEST AND GO HEAD-TO-HEAD WITH OTHER USERS AND THEIR TRADING BOTS.
COMPETE IN THE QUIDPRO LOBBIES, A SIMULATED TRADING ENVIRONMENT BASED ON LIVE MARKET DATA.
THERE ARE A VARIETY OF DIFFERENT QUO COIN PRIZES TO BE WON IN EACH LOBBY.
EARN SKILLS POINTS AS YOU PROGRESS AND RECEIVE A GLOBAL RANKING TO SHOWCASE YOUR SUCCESSES!
ABOUT QUIDPRO LOBBIES
WHAT IS A QUIDPRO LOBBY?
QuidPro houses a world first in competitive trading Lobbies. Users can show off their trading skills by competing against other users over specified time periods. Once the Lobby is complete, Prizes are distributed to Bots based on position/s finished and or if the Bot has won any additional Lobby Prizes.
QUO COIN PAYMENT
All payments in the QuidPro ecosystem are facilitated by QUO Coin, QuidPro’s Digital Currency. QUO Coin has a 1 to 1 ratio with the Rand. QUO Coin can be purchased via PayFast, which can be accessed via the Users Profile Page.
LOBBY ENTRY FEE
The User who creates the Lobby becomes the Lobby Admin. Lobby Admins are rewarded 2% of the Total Pot of the Lobby that they created. Lobby Admins decide on the Entry Fee to enter the Lobby.
JOINING & ENTERING A CRYPTO TRADING
BOT INTO A QUIDPRO LOBBY
Users can Join the QuidPro Lobbies via the Button “Enter Lobbies” on their Bot Card/ “My Bots” page or by going to the “My Lobbies “ page and tapping on the “Join Lobbies” button.
To add a Bot into the Lobby that you have just joined, simply tap on the “Add Bot” button, give your Bot a name, and the Entry Fee will be deducted from your QUO Coin Balance.
HOW MANY CRYPTO TRADING BOTS CAN YOU ENTER?
There is no limit to the number of Trading Bots that you can enter into a QuidPro Lobby. As long as you have the required Entry Fee in QUO Coin, you will be able to enter a Bot.
Users tend to enter more than one Bot into a Lobby because this increases their chances of winning. At the same time, users like to try out different strategies in the hopes that one or more of the Bots will suit the current Lobby market conditions.
PAYOUTS & PRIZES
Positional Prizes
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- Bots are rewarded for the position they finish in at the end of the Lobby/Trading Period.
- In some Lobbies, up to as far at 16th place make enough QUO Coin cover the Entry Fee paid to compete in the Lobby
- In some instances, the first place can result in as much as a 500% return on the Entry Fee that you paid to enter the crypto trading Bot into the Lobby.
Additional Prizes
A great way to go from not making any money to covering your Buy-in!
The positional rewards and the Lobby prizes add an interesting incentive to actively compete against other users. The competitive style of trading will not only increase your skills as a trader, but you stand a chance to make a return on your investment.
The QuidPro Lobbies create a unique environment because the crypto trading Bots that are competing are simulated and they are not physically executing the trades. This means that Bots aren’t rewarded for making a profit, they are rewarded for coming 1st, 2nd, 3rd, etc. This also means that, because the trades are simulated, the market can crash during the Lobby and the Prize winnings will not be affected by the market. This is because Quidpro is a stable coin and it is pegged to the Rand.
Traders can use their trading skills to positionally outperform other traders in the QuidPro Lobbies and can make up to 500% return for winning a Lobby (based on Entry Fee paid for Lobby per Bot), even if the market crashes during the Lobby. If you don’t come first, don’t worry, there are plenty of juicy payouts to extend down the positional ladder.
10 CRYPTO TRADING BOT STRATEGIES FOR LOBBIES
ONE: USE DIFFERENT BASE ASSETS
You can create different versions of the same parameters by simply changing the base asset the Bot uses to perform its trades.
- A base asset can only be selected once, upon the first time setting up a Bot. After this, you cannot change the Bots Base Asset.
- With a Simulated Bot, you can reset the Bot by selecting the “Kill Bot” icon on the Bot card.
- When selecting a Base Asset you need to decide whether you would like a cryptocurrency like Bitcoin or BNB, which are volatile, or if you would like to use a more Stable Coin such as Tether.
- There are different benefits to embracing volatility or using stability as a strategy.
TWO: USE DIFFERENT INDICATORS TOGETHER
To add some extra “intelligence” to your bots decision-making process, you can use multiple indicators that need to be achieved before the Bot will Buy/Sell.
- The more indicators that are used together (If “And” is used), the longer your trading Bot will take to evaluate/make a decision.
- This can be both beneficial if the market is bearish, and negative if the market is more bullish.
- Time is money, the same applies to the time is takes for your Bot to make a decision.
- More conservative/long term strategies will normally make use of a longer decision-making process/more boxes to tick before Buy/Sell
- This can be both beneficial if the market is bearish, and negative if the market is more bullish.
THREE: SMALLER PROFITS / SCALPING
Some traders may wish to perform a higher number of trades at a lower profit margin to generate profits.
- To do this, ensure that you give your Bot a Profit Margin of 0.75% or less
- Ensure that you leave yourself some wiggle room with a Stop Loss of around -3%.
- Increase your number of “Open Trade Slots” to 5 or more.
- It is important to note, using a strategy that performs a higher number of trades, with smaller profit margins, and a considerably bigger Stop Loss, are at risk if the market turns and the Bot buys losing trades in rapid succession. Caution is needed when applying this type of strategy, in other words, keep an eye on it!
FOUR: HOLDING / HODL
In Lobbies that have a longer trading period (+ 3 days), you may wish to try and using Holding, or HODLing, as a strategy.
- Set “Available Trade Slots” to 0.
- Increase your Profit Margin to greater than 3-5%.
- Increase your Stop Loss to -8% or more (-9%/-10% etc)
- Go to your Portfolio Tab in the Bots Profile Page (View Icon on Bot Card)
- Tap on the Buy Icon
- Select a Coin from the list of available coins, by tapping the Buy Icon
- Select the number of funds you would like to use on the trade
- Select Yes when asked if you would like to perform a Manual Buy
- You will see your now Open Trade in your Trades Tab of your Bots portfolio.
- You can exit this trade whenever you like, simply by swiping left on the Open Trade in the Trades Tab.
FIVE: MOST TRADES – THE FIRE PRIZE
If you manage to finish the Lobby with the highest number of trades, you will win a prize.
- Strategies that win the prize for the highest number of trades are more short term in nature.
- In some Lobbies, when more than one Bot is competing for the highest number of trades, often, the profitability of the Bot becomes less important.
- Some users are happy to finish the Lobby with poor profits but walk away with the prize for the most trades.
- There are a number of ways that you can increase the average number of Trades that your Bot makes.
- Global Parameters
- Available Trade Slots
- By increasing the number of “Available Trade Slots”, you increase the number of Coins that the Bot can hold at any particular point in time.
- The higher the number of available trades, the more trades your Bot can make.
- Stop Loss:
- Ensure that your Stop Loss is not too low. If your Stop Loss is too low, your Bot will end up Holding the coin and it won’t sell it.
- This would slow down your goal of making a high number of trades.
- Notifications
- When attempting to create a strategy that results in a high number of trades, you may wish to disable Notifications so your Bot does not become annoying.
- It is important to note that if you are still conscious of performing in times of profit, switching off notifications should be countered by your willingness to check up on your Bot on a frequent basis to ensure that the market is not running away from you.
- Available Trade Slots
- Buy Parameters
- RSI
- If you are using RSI as a strategy, ensure that you do not set your Buy RSI too low. Having a Buy RSI that is too low will result in your Bot making fewer trades.
- Volume
- Setting a volume that is too high will result in your Bot making fewer trades.
- If profit is not the name of the game, removing Volume all together can help increase the number of trades.
- RSI
- Sell Parameters
- Stop Loss
- To ensure your Bot does not hold onto a coin for too long, you can decrease (-3%,-2%,-1%, etc) the stop loss. Lowering a Stop Loss too low will generally result in more frequent losses as the trade does not have time to mature.
- If you are not concerned about making profits and you are simply trying to win the prize for the most trades, then you can use a Stop Loss of -1% or less
- Profit Margin
- To ensure that your Bot does not hold onto a coin for too long, you can lower the profit margin. The lower the profit margin, the quicker the Bot will sell the trade in terms of profit.
- Stop Loss
- Global Parameters
SIX: COMING LAST – THE PIZZA PRIZE
There are a number of ways you can make your Bot perform badly. Without giving away too many “trade secrets”, here are some tips you can apply.
- Exit trades early by having a stop loss of -1% or higher. (-1, 0.75%, 0.5% etc)
- Keep a low profit margin – ensures that your crypto trading Bot doesn’t sit around waiting too long for profits, and it ensures that you make fewer profits considering that you are attempting to finish last.
- Have a Buy RSI of 50 or above
- This will instruct your Bot to purchase almost any coin it analyses. This is a great way to increase the number of trades and
SEVEN: PROFIT STREAK – THE MAGIC STREAK PRIZE
You will need to set your crypto trading Bot up to make frequent trades at a small profit.
- Set a low profit margin (0.5% or less)
- Set an RSI of 30 or lower to ensure the trades you are purchasing have a chance at correcting quickly.
You could also try:
- Applying a conservative strategy.
- While your Bot is trading conservatively, keep an eye on your open trades and see if any of them are in the green – you can swipe left and perform a Manual Sell and add another trade to your profit streak count.
EIGHT: FAST MOVING PORTFOLIOS – RISKY BUSINESS
- This is an extremely aggressive strategy and it is not advised in a rel market environment.
- This strategy can work well in the QuidPro Lobbies to quickly get ahead of your opponents, however, it is important to note, as quickly as you can accelerate forwards, you can also accelerate backward. If you trust your trading strategy and or the market conditions, then this strategy can help gain a competitive advantage over your opponents.
- Set your Portfolio % to greater than 75%
- Set your number of trades to 1.
- This means that your Bot will use 75% or more of your portfolio on a single trade.
- Because you are using a large % of your portfolio on the trade, if your trade turns positive, your Bot would move ahead quicker than a Bot that is using less funds per trade.
- Again, this is a risky business and should only be used if you can accept that things could go horribly wrong.
- On the other hand, if you notice your crypto trading Bot has made a relatively large loss very early on in the Lobby and there may not be enough time to catch the Bots in the lead, the decision could always be made to try and win some of the other Lobby prizes such as coming last or performing the most trades.
- Lobby prizes can keep things interesting even if you are out of the positional race.
- On the other hand, if you notice your crypto trading Bot has made a relatively large loss very early on in the Lobby and there may not be enough time to catch the Bots in the lead, the decision could always be made to try and win some of the other Lobby prizes such as coming last or performing the most trades.
NINE: LEARNING FROM OTHERS
QuidPro allows you to view other crypto trading Bots configurations. These configurations are displayed at a high-level on the “Config” tab in your Bots Portfolio.
- QuidPro allows users to learn from each other to improve the overall performance of all the Bots in the system.
- At the same time, by allowing users to see what other users are doing, QuidPro speeds up the learning experience.
- Just remember, copying another trader is not as easy as it seems. Especially if the trader is making frequent updates to his Bots parameters.
TEN: KNOWING WHEN TO SIT BACK AND WATCH
Sometimes, pulling out of the action and sitting back and observing can be an extremely tactical move.
- If you “reset” your portfolio/sell all your open trades and ensure that your Bot is not holding any coins, you exit the market and you can take some time to make decisions.
- To ensure that your crypto trading Bot does not make any additional trades after you have closed off your position, ensure that you set your “Available Trade Slots” to 0.
- You can look at the market and see if things are getting any better (going green) or worse (going red)? If they are getting worse then it may not be a good time to enter the market again. If the market is getting better, then it may be the right time to enter the market.
- Closing off your position while other crypto trading Bots are still in the market, means that your Bot won’t be affected by what is happening in the market. If the other Bots in the Lobby are negatively affected by a falling market, and you managed to exit the market beforehand, you could find yourself in a much more profitable position than your competitors.
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