I have one more great idea about trading which I will share in this post. Remember, all the strategies I share are the ones I have tried myself, and they are working. You just need to focus on the cautions I tell you and rules to follow, always do backtesting before applying any strategy in real trading.
Dont see who is telling the strategy ideas rather do your practical and if you are satisfied then do practical. I personally follow the same thing, anyone who tells me about any idea I do backtest or see its past performance if it is correct then I do it practically.
It’s a very easy and very good strategy, and for this plan, I am making a bot. I make trading bots with the help of Python and #Deepseek. Surely, it’s a difficult job, but when there is profit, the difficulty becomes easy to bear. Bot making is a time taking process but when its ready it makes 90% of your work easy.
Before this, I already made one bot, and it is 100% working. With only one click, about 30 trades on Binance are automatically opened. The bot opens long trades for long and short trades for short. The bot has now made trading easy for me.
Today I am going to share another strategy that you can also do manually, but with the bot, the work becomes even easier. If the bot is available, there is no need for manual work. The best advantage of bot trading is that no trades are missed because the bot monitors 24 hours. Its impossible for us to monitor the bot all the time but with the help of bot its possible.
Tʀᴀᴅɪɴɢ ᴛʜᴇ Hɪᴠᴇ–Sᴛᴇᴇᴍ Pʀɪᴄᴇ Gᴀᴘ
This strategy is connected with 2 coins one is #Hive and the other is #Steem. This is because these two coins move similarly in price. They have a correlation in terms of price movement. You may have noticed that when Hive’s value increases by 1%, Steem’s price also increases about the same or up to 0.8%. As far as I have observed, the small price difference between these two coins stays around 0.4% to 0.6% most of the times.
We have to catch this gap. For this, we will make a bot that keeps trading between these two coins. We will give the bot a command that whenever there is a difference of 0.4% or more between them, it should convert 10% of the total amount.
For example, 50% amount is invested in Hive and 50% in Steem. When Hive goes up by 0.4%, then 10% from Hive should be converted to Steem. If it increases another 0.4%, then another 10% should convert. In the same way, if Steem goes up, then the amount should be converted back into Hive. That means if there is a 4% difference as a whole between Hive and Steem, then our total amount will shift fully into either Hive or Steem.
This can happen when one coin unexpectedly pumps. We see that if Hive pumps 20%, Steem also follows, sometimes fully 20%, and sometimes 10% or 15%. But this difference in pumping lasts only a few days then both become balanced again. In case of pump and dump trading might stop but as soon it cools down trading starts again.
This also works as hedge trading or you can call it a rebalancing bot. It will keep rebalancing Hive and Steem all the time. This is a very good technique to earn passive income while also holding long-term.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Those who will interact will get my 100% upvotes. My staking is increasing. Thank you all for your time reading the content.
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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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