Rebalancing bot is most special for me, because I want to find a strategy that gives me good profit. My effort is that whatever bot can be profitable, I do good research on it and find the best strategy.
My favorite exchange is #binance because of its good earning features. You can earn here in multiple ways, passive and active income. Both of them are easy and you can earn in any way.
There are some passive income ways including Staking, Saving, Launchpool, EARN and many more and there active earning ways including trading and trading bots. Among them is Rebalancing bot where they bot will continue to trade for you.
So far in my progress, one good strategy has come to my mind which I want to share with you all. First of all, keep the threshold low in your rebalancing strategy, minimum 0.5%. This means when there is 0.5% difference in prices of two coins, then the bot will convert automatically.
Second thing, try to keep one strong fundamental coin in your portfolio which is a little volatile, with some stable coin on rebalance. Remember this that keeping more than one pair on rebalance is not profitable.
Many people keep 2-3 pairs on rebalance, but its disadvantage is that bot conversion becomes difficult. Because in every pair minimum 0.5% difference is necessary, which is difficult for many coins. Therefore selecting one pair is the best strategy.
The main part of any bot running is to your instructions, if your feed proper data then it will work in a good way but if your instructions are not good then the bot is useless.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
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