{"id":15645,"date":"2024-07-29T16:42:59","date_gmt":"2024-07-29T13:42:59","guid":{"rendered":"https:\/\/forklog.com\/en\/new-bots-backtests-and-an-exclusive-newsletter-veles-updates-at-a-glance\/"},"modified":"2024-07-29T16:42:59","modified_gmt":"2024-07-29T13:42:59","slug":"new-bots-backtests-and-an-exclusive-newsletter-veles-updates-at-a-glance","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/new-bots-backtests-and-an-exclusive-newsletter-veles-updates-at-a-glance\/","title":{"rendered":"New bots, backtests and an exclusive newsletter: Veles updates at a glance"},"content":{"rendered":"

At the end of 2023 ForkLog published a detailed review of Veles<\/a> \u2014 a platform that lets users create bots for automated trading on spot and futures markets at Binance, Bybit, OKX and other crypto exchanges.<\/p>\n

This article outlines the features and improvements added over the past six months.<\/p>\n

Veles in brief<\/h2>\n

The platform launched in 2021. It is developed by a company of the same name registered in Dubai.\u00a0<\/p>\n

Users need to create an account<\/a> 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<\/a> technology.<\/p>\n

Veles charges 20% of a client\u2019s profit, capped at $50 per month. The platform does not charge a fee if bots do not generate profit.<\/p>\n

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\u2019s Telegram channel<\/a>. The funds can be used to pay fees.<\/p>\n

\"New
The task list includes onboarding to the platform. Data: Veles<\/a>.<\/figcaption><\/figure>\n

Users can track trading performance in the \u201cStatistics\u201d<\/a> section. It displays aggregate trade data and bot\u2011level metrics.<\/p>\n

New bots<\/h2>\n

Since the start of the year Veles has expanded its set of ready\u2011made 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.<\/p>\n

\"New
Bot cards display monthly profit and loss (PnL), allowing newcomers to gauge returns at a glance. Data: Veles<\/a>.<\/figcaption><\/figure>\n

When configuring a bot manually, users set the deposit size, leverage and target profit. Veles\u2019s developers advise using modest leverage so the bot can average into a position effectively during bouts of volatility.<\/p>\n

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\u201cWe recommend setting target profit in the 0.5\u20130.8% 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,\u201d the platform\u2019s representatives explain.<\/p>\n<\/blockquote>\n

Users have access to:\u00a0<\/p>\n