New bots, backtests and an exclusive newsletter: Veles updates at a glance

At the end of 2023 ForkLog published a detailed review of Veles — a platform that lets users create bots for automated trading on spot and futures markets at Binance, Bybit, OKX and other crypto exchanges.

This article outlines the features and improvements added over the past six months.

Veles in brief

The platform launched in 2021. It is developed by a company of the same name registered in Dubai. 

Users need to create an account on the Veles website (provide an email and password) and on one or more supported exchanges. Connection to Binance, OKX and Bybit happens in a single click thanks to FastAPI technology.

Veles charges 20% of a client’s profit, capped at $50 per month. The platform does not charge a fee if bots do not generate profit.

Veles credits up to 5 USDT for testing the platform when users complete tasks such as creating an API key or subscribing to the service’s Telegram channel. The funds can be used to pay fees.

Users can track trading performance in the “Statistics” section. It displays aggregate trade data and bot‑level metrics.

New bots

Since the start of the year Veles has expanded its set of ready‑made bots from nine to twelve. After registration, the platform offers several strategies with conservative settings for the markets in Bitcoin, Ethereum, BNB, XRP, Aptos, Render, Cardano, Toncoin, Dogecoin, Pepe and Shiba Inu.

When configuring a bot manually, users set the deposit size, leverage and target profit. Veles’s developers advise using modest leverage so the bot can average into a position effectively during bouts of volatility.

“We recommend setting target profit in the 0.5–0.8% range. Then the bot will exit trades quickly and look for a new entry point. Do not choose a value below 0.15%: in that case exchange fees will wipe out the return,” the platform’s representatives explain.

Users have access to: 

• an ordinary order (take‑profit) to close a position upon reaching a target level;
• a partial order (multi‑take) for scaling out of a trade. If the price reverses, the bot will automatically close the position at break‑even.

They can also open and close a position on a signal from one of 20 indicators available on the platform, including RSI and ATR.

Backtests

In April 2024 the Veles team added support for backtests, which let users check bots’ profitability against the trading history of more than 2,000 pairs. With them you can:

• reduce risks by identifying weaknesses in trading strategies;
• quickly assess bots’ effectiveness without risking real money.

The platform provides its own database with 1bn one‑minute candles. Clients can choose the period for analysing a strategy’s performance and use popular trading indicators.

“For example, you can analyse your strategy for resilience to sell‑offs. Run a backtest for bitcoin or TON and study the bot’s behaviour in this or that market phase,” comments Veles CCO Yaroslav Lyanin.

Backtests are available on the web and on mobile devices. Each user can run ten free checks a day. The limit is lifted with a “Backtests Pro” subscription for 25 USDT a month.

Crypto Navigator on the marketplace

The marketplace is a venue for selling proprietary trading strategies, courses and consultations. At the time of publication it lists nine products priced from 49 USDT per month, Crypto Navigator from Veles and a free consultation on using the platform.

Crypto Navigator is a mailing of ready‑made bots with recommendations on how to use them. The subscription costs 15 USDT per month. Subscribers receive weekly access to exclusive bots tailored to specific market conditions. They can also join a private chat and a Telegram channel with alerts.

“We created this product for users who want to save time on market analysis and profit from non‑obvious trading situations. Clients can discuss their trading results and ask Veles experts questions in a secret chat,” comments Yaroslav Lyanin.

Veles distributes bots via Telegram and adds them to the “Cards” section, which appears on the marketplace after the subscription is paid.

Conclusions

In 2024 Veles has significantly expanded its line‑up of ready‑made bots, added backtests and launched the Crypto Navigator mailing. 

The platform places particular emphasis on user support and provides up to six free Zoom consultations a day.

The company is also actively growing its Telegram community: this year it has risen from 13,000 to more than 32,000 subscribers. On its channel Veles regularly shares tips and ideas for making money in the crypto market.