The Bad and The good
WARNING
I need to start this post with the fact that someone tried to impersonate me on telegram to scam someone into sending eth to a private eth adress, stating that there was something wrong with the contract. The contract works, ONLY use the CONTRACT to get your CELT! . The persons funding made it to the contract and the scammer failed to obtain the funds.
That being said let's get on to the metrics:
Deposits made to the bot account
so totalling 8.45 eth in the trading account.
Snapshot of wallet:
Snapshot of calculation of the ETHequivalent rates:
Interpretation:
according to the ETH equivalent values we're at a loss atm, which is logical. The bot has to buy and hold the various crypto's at discovering the market rate before it can actually sell them in the 0.2% roundtrip profit way. The biggest liquidy drain was the ETH/LTC pair, which the lotsizing was to big for just 1 ETH of funding. Now we've got a bigger pot of ETH that's sorted out. we've accumulated more LTC then I would've wanted but that's the market.
The bot started on the first big green candle accumulating LTC on the way up, which is the biggest reason for the current show of 'loss'. the profit calculation isn't perfect in the way that when market rates change, so does the calculation. I've merely taken snapshots of the rate you can find at the exchange:
Volume wise there are 67 pages of history to go through
and I'm working on a better way to quantitise this metric of bot performance. I'm looking into creating a script which does all the heavy lifting and calculation.
so for now I've got this:
these are the amount of times the spread has been reduced on each pair. 968 spread reductions since I added the last new pairs(+/-19hours ago). This results in +/- 50 spread reductions average each hour across the 8 pairs. You can clearly see that the COSS pairs and eth/btc get the most love of the bot. Most likely because they are traded most.
your bot is losing money! aren't you worried?
No, I'm not, when the market doesn't find new high's of lows where the bot has traded, all roundtrip tradings result in pure profit. The abillity to have enough liquidity to keep trading when new high's and lows are traded at make this bot functional. It accumulates crypto and rides each price wave, filling the voids, giving better rates. Remember that at this point the bot has only been running for 4 days.
Does this mean that CELT will lose value?
No, on the contrary, I am planning to increase CELT value by a fraction each week if it allows me, even when the equivalent shows I'm at a loss. if this bot can't make 0-0.1%/week I have failed as a bot creator on the profit side. The main focus of this bot though is providng the COSS community with better spreads to trade at, the better the spreads the more likely people are going to trade.
(CELT exchange value will increase before next week wednesday from 1000 CELT: 1 ETH to 999 CELT 1ETH minimal)
Using the funds now at the contract
Funded by 1 generous contributor these 10 ether funds will go towards improving the lotsizes on COSS pairs and ETH/BTC.
Since these are the most traded pairs more profit can be generated from those pairs, a wise decision from him. and I will adjust these after finishing up this post.
I'm am trying to sell my CELT but it only sells a fraction?
You need to add 18 zero's to the int value to account for the decimals the coin has, this allows you to sell dust back to the contract if you have any so you don't get stuck with dust.
Wrapping up
Remember to always buy your CELT at the contract, instructions: https://steemit.com/celt/@spielley/the-cossening-celt-launch-and-how-to-get-and-sell-them
Profit performance should improve as the bot trades on.
Determining volume metrics will be worked on.
CELT value will be increased before next week wednesday, so get your CELT at the best rate while you still can.
Remember to let me know which pair to add/improve when you buy CELT >=1 ETH.
Thank you guys for reading, upvoting, spreading the word and buying or owning CELT to improve liquidity on COSS.
Spielley