At the end of 2023, ForkLog published a detailed review of Veles, a platform that allows you to create bots for automatic trading on the spot and futures markets of Binance, Bybit, OKX and other crypto exchanges.
In this article, we will talk about the features and improvements of the service added over the past six months.
https://forklog.com/exclusive/dlya-novichkov-i-profi-obzor-platformy-dlya-sozdaniya-torgovyh-botov-velesBriefly about Veles
The platform was launched in 2021. It is being developed by a company of the same name with registration in Dubai.
Users need to create an account on the Veles website (specify email and password) and one or more supported exchanges. Connection to Binance, OKX and Bybit takes place in one click thanks to FastAPI technology.
The Veles commission is 20% of the client's profit, but not more than $50 per month. The platform does not charge a fee if the bots do not generate revenue.
Veles charges up to 5 USDT for testing the platform for completing tasks such as creating an API key or subscribing to the Telegram channel of the service. The funds can be spent on paying commissions.
The list of tasks includes learning how to work with the platform. Data: Veles.Users can track their trading performance in the Statistics section. It displays general information about transactions and indicators for individual bots.
New bots
Since the beginning of the year, Veles has expanded the line of ready-made bots from nine to twelve. After registration, the platform offers several strategies with secure settings for the Bitcoin, Ethereum, BNB, XRP, Aptos, Render, Cardano, Toncoin, Dogecoin, Pepe and Shiba Inu markets.
When setting up the bot on their own, users set the parameters of the deposit, leverage and profit. Veles developers recommend using a small leverage so that the bot can effectively average a position in case of strong volatility in the market.
"We recommend setting the profit in the range of 0.5-0.8%. Then the bot will quickly exit trades and look for a new entry point. You should not choose a value less than 0.15%, in this case, the commissions on the exchange will level the income," the representatives of the platform explain.
Users can access:
regular order (take profit) to close a position when the target level is reached;partial order (multitake) for gradual closing of the transaction. If the price turns in the opposite direction, the bot will automatically close the position at breakeven.They can also open and close a position on the signal of one of the 20 indicators presented on the platform, including RSI and ATR.
Backtests
In April 2024, the Veles team added support for backtests, which allow you to check the profitability of bots based on the trading history of more than 2,000 trading pairs. With their help, you can:
reduce risks by identifying weaknesses in trading strategies;quickly evaluate the effectiveness of bots without risking real money.The platform provides its own database with 1 billion minute candles. Clients can choose a period for analyzing the profitability of the strategy and use popular trading indicators.
"For example, you can analyze your strategy for resistance to straits. Run a backtest for bitcoin or TON and study the behavior of the bot in one or another phase of the market," Yaroslav Lyanin comments on CCO Veles.
Backtest of the trading strategy on Bybit Futures. Data: Veles.Backtests are available in the web version and on mobile devices. Each user can run 10 free checks per day. The restriction is lifted when subscribing to "Backtests Pro" for 25 USDT per month.
Crypto Navigator on the marketplace
The marketplace is a platform for selling proprietary trading strategies, courses and consultations. At the time of publication, it contains nine products priced from 49 USDT per month, Crypto Navigator from Veles and free consultation on the operation of the platform.
Author's trading strategies on the Veles marketplace. Data: Veles.Crypto Navigator is a mailing list of ready―made bots with recommendations on their use. The subscription price is 15 USDT per month. Its owners receive weekly access to exclusive bots for a specific market situation. They can also join a private chat and Telegram channel with alerts.
"We have created this product for users who want to save time on market analysis and make money from non-obvious trading situations. Clients can discuss their trading results and ask questions to Veles experts in a secret chat," comments Yaroslav Lyanin.
Veles sends bots via Telegram and adds them to the "Cards" section that appears on the marketplace after paying for a subscription.
Conclusions
In 2024, Veles significantly expanded the line of ready-made bots, added backtests and launched the Crypto Navigator newsletter.
The platform pays special attention to user support and provides them with up to six free Zoom consultations per day.
In addition, the company is actively developing the Telegram community: this year it has grown from 13,000 to more than 32,000 subscribers. In his channel, Veles regularly shares tips and ideas for making money on the crypto market.