Crypto Trading Bots – Up to 10% ROI in 4 Weeks Really?

Hey everyone, this is a follow up to a previous post I wrote entitled “Things to Consider Before Starting a Crypto-TBAAS (Trading Bot as a Service)”. But in short, with all the hype surrounding crypto trading bots, there are tons of scams out there, so I devised a list of rules that have helped me minimize my risk while trying to maximize my returns. Let me reiterate that crypto trading bots are inherently risky, and there is no such thing as a “guaranteed return”. I’ll go into more detail later, and I’ve been pleased with some of the results so far, so I thought they were worth sharing.

After going through a few different options, I found two bots that were profitable and met my criteria were TradingBots.me and EazyBot. As I will cover in more depth below, both have some pros and cons that are worth considering before jumping in, and both sets of bots offer some consistent returns while allowing you full custody and control of your own funds.

As a disclaimer before we begin, just because I have made these returns in the past few weeks does not mean I will make the same rate of return in the future - we all know crypto trading is risky, and I am by no means a professional trader. I can only say how much I have made since setting up my bot, and how I am positioning myself for the future so that I can hopefully make more.

Eazybot

Eazybot caught my attention because their revenue history is very public - I invite you to watch some of their performance reports for yourself as they are all available on their youtube channel: https://www.youtube.com/c/EazyBotGlobal/videos. In addition to their track record, their bot is free (not 100% free, but I will get to that later) and you can link your own exchange with your API key so that your bot can execute trades while you maintain control of your funds.

Getting Started: Opening an account is easy and only takes a few minutes. You are more than welcome to use my referral link or go directly to Eazybot's website. From there you will need to connect your designated exchange (options are Binance.com, Binance US, and KuCoin) via an API key. If you are unfamiliar with this process, they have some easy to follow instructions for whichever exchange you choose here. Once the exchange is connected, you will also have to send at least $100 via USDT + a transfer fee of about $2 (I recommend sending via TRC20 due to the low gas fees). Why do you need to have at least $100 in your wallet? Let's move on to the next section...

How they make money: As I mentioned before, it’s free to open an Eazybot account, but they do require you to provide their Eazybot wallet with at least $100 in USDT, as the way they make money is by taking a cut of the profits our bot makes — but because you retain access to your funds on a designated exchange, they take a fee from your Eazybot wallet. They have 3 different membership options, all of which offer a higher level of accessibility and reduced fees on profits:

I myself chose the free option because I’m still testing it and to be honest, I’m still hesitant to upgrade to the premium package, let alone VIP. However, as you can see in the picture, the main downsides of the free package are that you need to pay a 30% “software service fee” (which, again, is deducted from your profits) and you can only use 2 robots, while the paid plans offer 10 or unlimited, depending on the package you get.

If you are wondering whether you will be charged trading fees even when you are losing, the way the bot works is that it will only close trades when they are profitable, which means that some of your trades could be open for quite a while, and technically, they could be open forever if your bot’s respective tokens go to zero or completely stagnate!

How the strategy generally works: Like most bots, the EazyCrypto bot relies on market volatility. I found a great video where the CEO explains the strategy in detail, but basically in short, whether the market is going up or down, the bot will trade on a slight retracement (more specifically 0.5%) on a decline or a slight pullback (also 0.5%) on a pump. From what I understand, these bots seem to use a DCA type approach where they constantly buy low and sell high.

Returns: I have been running a $ETC bot for about a week so far, and for a $900 investment in a bot, I have gained about $2.69, which is about a 0.02% ROI or 16.85% APY. I don't think I would really consider this return that sexy, but the bot hasn't returned an overall loss, so in my trading, I can't really complain. The reason I chose the $ETC bot is because it seems to have attracted quite a bit of attention right from the start, judging by the data from their most recent performance call:

To give an idea of ​​how much I would have made if I had launched this robot 4 months ago, based on the data above, I would have made an additional 27.55% ROI, which would mean my total profit would have been $250.64 again. This is entirely dependent on the market, so it is impossible to predict future gains (or lack thereof).

TradingBots.Me

The second bot I tried was TradingBots.Me by ShinyJackal and SMS | HCS sweetheater. They also have a months-long public track record and like EazyBot you have full control over your funds throughout the life of the bot and you can start, stop or withdraw funds at any time. The main difference between TradingBots.Me and EazyBot is that it does require a little more trust to get started. On their homepage you will see a few different testimonials from different influencers who have had great experiences with them and before joining I had to do some vetting beforehand to make sure these guys were legit.

Getting Started: On the surface, their system seemed pretty grassroots. First we connected on Twitter, then we met in Discord and they walked me through some details on how to set up my account and which accounts I needed to open. Their bot uses leverage to trade (I’ll talk more about that later), so in order to trade with leverage, they recommended that I open a 3commas account with funds from FTX that would allow their bot to run. In other words, similar to EazyBot, I had to connect my FTX to 3commas via the API so that the bot could execute trades using my FTX funds.

How they make money: It’s pretty simple, they break it down based on an initial startup fee + a maintenance fee, the maintenance fee you pay each month depends on how often you want to update your bot:

The fees make sense to me because I don’t expect a robot to keep working forever, especially when we encounter different types of market conditions. I also find these guys reassuring that in less than a month, they have contacted me several times to inquire about the robot’s performance.

Honestly, when I first started, I started to expect that I might lose all my money - and I almost did. When I went to pay... I accidentally paid $600 #n00b. ShinyJackal and SMS | HCS sweetheater immediately pointed out my mistake and refunded my money within seconds. At this point, any reservations I had about trust were completely gone, and I have to say - these people showed a lot of integrity.

In addition to integrity, these guys also showed a lot of patience with me as I asked a lot of questions throughout the experience. During the experience, they were able to walk me through how the robots generally work and what to expect from them. This brings me to the next part…

How the Overall Strategy Works: This is where TradingBots.me starts to differ significantly from other TBAAS like EazyBot. With TradingBots.Me, you can have multiple bots working in concert — one running shorts, another running longs — both using leverage. Additionally, the bots (at least the one I’m using) are based on token futures, not the actual tokens themselves. If you’re not familiar with how futures work, my understanding (in my non-trader brain) is that they are futures contracts based on speculative prices, i.e. what the price of the underlying token might be. Depending on what’s happening in the market, the bot will execute short trades if the token is overbought, and long trades if it reads that the token is oversold. Again, I don’t consider myself a trader, so if you want a better explanation, I highly recommend reaching out to these guys yourself and seeing if you can get more details.

Returns: I have been using these bots for about 4 weeks now and I have already earned about 10% ROI, averaging about 0.35% ROI per day. Assuming things continue at the same pace, in about 4 months this should be able to outperform the best bots on EazyBot, which generate about 0.25% per day on average. Going a step further, I can say that I am so happy with the bots on TradingBots.Me that I recently decided to double my stake and will probably continue to add more as long as the bots remain profitable.

in conclusion:

So far, even though I have had some great returns, I can’t say that I have made life-changing money. However, I am very excited about these bots, and I do intend to continue using them in the future as another source of passive income. You may be comparing these two TBAAS services and think that TradingBots.Me is the superior bot. I would not dispute what I have seen so far, I have made significantly more returns on TradingBots.Me than I have on EazyBot. But I think even ShinyJackal or SMS | HCS sweetheater will tell you for yourself, the true proof of how successful a bot is is how much profit it can generate over the long term.

Again, if you are interested in learning more about TradingBots.Me, I highly recommend contacting ShinyJackal or SMS | HCS sweetheater, and/or you can watch their recent AMA with James Pelton.

Or if you're interested in learning more about EazyBot, they do have a ton of tutorials and walkthroughs on their youtube channel that I recommend checking out.

Thanks for reading, and as always, be sure to follow me on Twitter to read all about my latest findings and updates: https://twitter.com/CryptosWith

Disclaimer: None of this information is financial advice, just speculation on my part, I'm a regular guy on the internet. Please consider using this for purely educational and entertainment purposes. As always, please do your own research or contact a financial advisor to find the best investments for you.