What is CryptoTracer Bot and how it works?
TLDR; CryptoTracer is a news and influencer-focused crypto trading system.
With its built-in tracking system, CryptoTracer instantly informs you of any new content that it tracks in the Twitter and blog accounts of more than 500 coins. In addition, it also follows the Twitter accounts and Telegram channels that you want to follow and notifies you of new tweets/posts on them simultaneously. If there is any coin information in this tweet/post, it allows you to instantly enter the transaction with the buttons it brings in front of you. If you press the button and enter the trade, it will monitor your position with TP (Take Profit) and SL (Stop Loss) orders with its internal strategy system.
With the AutoTrade system, which is one of its advanced features, it can enter into automatic trading in line with certain rules and place TP/SL orders with the support of the strategy system. Thus, in line with the rules you set, it facilitates your transactions even if you are not in charge.
There is a CopyTrade feature among CryptoTracer users. If a friend also uses CryptoTracer, it offers you the opportunity to copy his/her transactions exactly.
General Working Principle of the System
The system runs on a server system set up specifically for you. It communicates through the group created specifically for you in the Telegram application. In this way, you do not need to run any extra programs on your computer or phone. When you receive a notification from the internal news system, Twitter or Telegram, it will appear in front of you as an instant message, and if there is a coin name from the exchanges followed by the system, appropriate buttons will come. For example, with the following news from the internal news system, buttons appear on the screen like this:
It brings a button layout in front of you to catch that there is news about ALGO from the word Algorand in the news and enter the LONG position immediately. For example, when you press the 10x|$500 button here, your Binance account will instantly open a LONG position with a $500 margin size and x10 leverage.
As soon as you see this type of news on the internet or any site, it will take you at least 15 seconds to enter a position by going to the Binance application, opening the Futures screen, searching for the coin name from there, and setting the transaction type (CROSS/ISOLATE), leverage and balance. In sudden movements, even milliseconds are more important than seconds. Moreover, if we add to this time creating TP/SL orders after opening the position, this time can take up to 1 minute. At this stage, CryptoTracer allows you to do all these steps in a few seconds with a single button.
If the incoming news has content that may cause it to open SHORT instead of LONG, the SHORT button versions of the buttons are displayed by pressing the SHORT button.
The multipliers and amounts of the buttons (can be adjusted as % if desired) can be adjusted according to the user’s own preference. For example, a user might use a button structure like this:
That is, it can only be set to trade with a multiplier of x10 and 10 % or 50% or 75% of the futures balance.
In short, the button matrix can be adjusted according to the user’s risk management and preference.
A 5-minute candlestick chart appears instantly under the buttons. The 5-minute period here can be adjusted to be in different periods according to the user’s preference. If the user wishes, he can reach the view of the graph in different periods by using the buttons under the graph with a single click.
After pressing the button and entering the position, the strategy system will be activated and if a strategy other than MANUAL is selected, it starts to follow the position accordingly.
Exchanges with Integration
CryptoTracer; works integrated with Binance Futures/Spot, Kucoin Spot and Gate.io Spot exchanges. As soon as there is news about any of the coins on these exchanges, it brings you buttons to enter the position. However, it only works on coins with a USDT equivalent. It has no integration into futures/spot trading on BUSD, BTC and other parities.
Strategy System
There are 3 types of strategies in the system:
1- Trailing Stop Loss: It is exactly the same as the standard Trailing Stop Loss system offered on the Binance Futures exchange. It places the Trailing Stop Loss order with the callback rate appropriate to the selected strategy.
Trailing Stop Loss strategies can only be used on the Binance Futures exchange.
2- Mixed: It is a strategy system that includes the desired number of TP and one SL. TP orders to close the position in the preferred size are placed at the points in the preferred price increase rates, and the Stop Loss order is moved to the previous TP (or entry point) as the TP orders are executed. (It works closely withthe logic of Trailing Stop Loss, but there is no profit taken in Trailing Stop Loss until it closes the position, profit is taken at the determined points in the mixed strategy.)
There are various predefined strategies in the system. The most preferred S3 strategy works as follows:
SL: %1 -> If the trade moves in the opposite direction after entering the position and the price changes by 1% against the expectation, the position is closed.
TP1: If the price changes by 1% in the trading direction, 20% of the position is closed and the SL is drawn to the entry price.
TP2: If the price changes by 2% in the trading direction, 30% of the position is closed and withdrawn to the TP1 price.
TP3: If the price changes by 3% in the direction of the transaction, 20% of the position is closed and withdrawn to the TP2 price.
In this strategy, if all TPs are realized, your position will remain open by 20% and the stop loss will be left at TP2 (ie the entry price has changed by 2% in the trading direction).
The number of TP here, the price change rates, and the rate of closing the position can be customized according to the user’s preference. In addition, it can also be customized so that the SL is pulled back to the point 2 steps ago, not every time a TP is made, for example, every 2 TPs are made.
The mixed strategy works with OCO orders on the Binance spot exchange and does not have the ability to move SL. (Due to the OCO order structure). Since there is no OCO order type on Kucoin and Gate.io exchanges, only TP orders can be placed (Meaning that, there are no SL orders will be created on Kucoin andGate.io exchanges).
3- Safety Order Strategy: There is no SL in this strategy type and can only be used on the Binance Futures exchange. It aims to keep the position under protection by placing orders equal to X times the margin amount of the position very close to the liquidation price of the position. It also completely closes the position at the preferred TP point and cancels the order placed close to the liquidation price.
We can exemplify the working logic of the SO strategy system, which is predefined in the system:
For example, let’s say we open 10$ x100 LONG trades at the price of BTCUSDT 20,000. In this case, the liquidation price will be just over 19,800. (Binance’s calculation of liquidation price is based on a very complex formula and decides whether you will be liquidated based on the mark price, so there is no guarantee that this strategy will protect your position 100%. In times of high volatility, the mark price is 19.800 before the last price drops to 19.800. It can go under.)
We suppose that the liquidation price is 19,800. The system places a $10 LONG order at the price of 19.810. Likewise, it places a TP order at the price of 20,200. If the TP order is executed before the bottom LONG order is received, the position is closed with 100% PNL. But if the order at 19.810 is executed before the TP arrives, a new liquidation price will be calculated according to the new average entry price (based on the liquidation price determined by Binance) and the TP price will be calculated. Accordingly, a new LONG order ($20 this time) and TP order will be created.
The SO strategy defined in the system works by adding 5 times from the bottom. Therefore, whatever your margin amount at the entrance is, you can double it each time and increase it up to 32 times in total if the 5th order works, and if the decrease continues despite the last order to add from the bottom, it stops adding more from the bottom.
The number of orders to be added from the bottom and how many times the current margin amount will be added can be customized according to the user’s preference, but since this is a very dangerous strategy (obviously, it is a gambling strategy), the user should choose this strategy very consciously.
Text Order System
In the group where the transaction buttons come, the user can type any coin name and view the buttons and graph of that coin at that moment and press the button to enter the transaction. In addition, the bot has a defined direct order format.
For example; When the AT#100#x10#ADA message is sent to the bot, the bot opens a LONG trade on the ADAUSDT trading pair with a $100 margin size and x10 leverage at the MARKET price, and then places TP and SL orders in the system according to the preferred strategy in the system.
If the command is given as AT#100#x10#ADA#SHORT, $100 margin opens a SHORT trade with you and x10 leverage at the MARKET price and then places TP and SL orders in accordance with the preferred strategy in the system.
If the command is given as AT#100# x10 #ADA#LONG#S5, it opens a LONG trade at the MARKET price with a $100 margin size and x10 leverage and then places TP and SL orders in accordance with the S5 strategy.
If the command is given as AT#100# x10 #ADA#LONG#S5#0.5, it opens a LONG order at 0.5 price (LIMIT order) with $100 margin size and x10 leverage, and if the order is fulfilled and the position is opened, it places TP and SL orders in accordance with the S5 strategy.
AutoTrade System
It offers AutoTrade within the specific rules defined in the CryptoTracer system. Although these rule sets are fixed in the system, extra rules can be added according to the user’s preference. The margin to be entered in the AutoTrade transaction is determined by the size and the leverage settings to be used. In addition, the strategy to be preferred in AutoTrade transactions can be chosen differently from the strategy used in the current system. For example, when Elon Musk tweets about the DOGE coin, the system can automatically enter the LONG transaction with the amount and leverage determined in the DOGEUSDT trading pair.
CopyTrade System
The copy trade feature can be used between users of the CryptoTracer system. In order for this system to be used, the user whose transaction will be copied must first allow it. Then, other CryptoTracer users can activate this feature by activating the CopyTrade module and choosing the margin size, leverage and strategy to be used in CopyTrade. When the CopyTrade user enters a position, the system automatically enters the same coin with that user, with the margin size and leverage determined in the same direction, and if a strategy is selected for CopyTrade, it places the appropriate orders for that strategy. If the CopyTrade user closes the position he entered before, the system closes the position with that user without waiting for the strategy orders to run. If the CopyTrade user holds the position open and if the orders of the strategy chosen by the user who copied the transaction work, the position moves in line with the orders of the strategy. In other words, the entry to the transaction is with the CopyTrade user, the partial or complete closing of position is partially / completely closed according to whichever order runs first (strategy order or the order of the user whose transaction is copied).
Position Management / Strategy Change System
You can manage your open Binance Futures positions through the CryptoTracer system.
If the position is at the +PNL point, you can place a Stop Loss at the entry point with a single button, change the strategy of the position (even if you have not opened the position via CryptoTracer), or you can close the position completely. Since the Binance application sometimes becomes inoperable in case of high volatility in the market, this feature has been developed and there have been several times where it protects me from very serious losses in critical times.
Terms of Use
In order to use CryptoTracer Bot, you must meet 2 conditions:
1- You must have at least 1 year of crypto trading experience (especially in the futures section).
2- Your average monthly trading volume should be over 5,000,000 USDT.
Unfortunately, no service can be provided to users who do not comply with these conditions.
Pricing
Since CryptoTracer is installed as a user-specific system, its installation and usage training take time. Therefore, 250 USDT setup fee is charged during the initial setup phase.
Additionly you need to open an account using my reference link from the exchange that you prefer and need to pay 250 USDT monthly fee.
Communication
For questions and communication, you can contact me via Telegram at https://t.me/hardc0der
