RIchLand: Bot Work Memorandum

General Info 

  1. Meta-model of AI Bot (more than a dozen machine learning models) continuously analyses and produces signals for all Binance pairs with suitable trading volume and volatility.

  2. The analysts do a deeper analysis, make a balanced decision about the point of entry / exit from the market and give a signal. Over time, the bot will do this itself, but under the supervision of professional traders.  And more and more new strategies will be put into the bot, which will give excellent deals at the intersection.

  3. In turn, the bot carries out the signal. This signal contains information about the size of the deal (the percentage of free capital that will be involved), the buy and sell price zones (closing zones), and limits the potential risk of aggressive trades.

  4. So, the bot manages the signal, opens/closes the trade. All trades are performed in ratio to stable coin USDT (Tether USD). After the trade is opened, the bot notifies the analysts about any changes. For example, the price has increased by 5%, 6%, 10%, and so on. The analysts can manually open or close a trade before it reaches the target levels.

The minimum recommended investment period is from 3 to 6 months.

 

Buying/selling assets by the bot

A user receives a signal to purchase a cryptocurrency. As soon as the price reaches the portfolio zone, the system automatically puts an order for a crypto pair following the received signal for the amount that is approximately 10% of your deposit intended for automated trading.

 

For example, in case your deposit is $10 000, and a signal is received, then $1000 will be used to purchase an asset. Let's assume that you earned 20% on that particular signal. Therefore, your balance will total: $9000 + $1200 = $10 200. Consequently, the next signal will also use 10% of the available capital, i.e. $1020.

 

This allows a user to have always available funds for purchasing the next asset and diversify one's balance regardless of the size of the capital.

 

Once the order is fulfilled, another order will be submitted to sell the particular crypto pair on the TP1 (take profit 1) level. TP2 and TP3 levels can also be specified.** 

 

As soon as the price reaches TP, the pending order will be processed automatically.**

 

If any unforeseen circumstances prevent the order from triggering, the user will receive a notification with detailed recommendations on how to close the order manually or automatically.

 

* The calculation is approximate. The amount will not be exactly equal to 10%, as several conditions/limitations in force at the Exchange will be applied. Each cryptocurrency pair has a trading step, the minimal trade sum

 

Accordingly, if 10% of the deposit is not a multiple of the trading step, the bot will make the trade multiple. If 10% of the deposit is less than the minimum trade amount, the bot will increase the amount to the minimum required. The same happens with sell orders.

 

** If there is a TP2, a Sell order is executed at a ratio of 60% (TP1) / 40% (TP2).

 

If there is TP3, a Sell order is executed at the ratio of 60% (TP1) / 20% (TP2) / 20% (TP3). 


Working strategy

The ratio of potential risks to the potential profit of trade is most often in the range from 1:2 to 1:10.

 

The duration of a trade from opening to closing may vary from several minutes to several days. In some cases, it can be as long as several months. This depends on how quickly the trade target is reached.

 

On average, the volume of a trade is 10-25% of the available capital. 

In case of aggressive usage of up to 40-50% of the free capital in a trade, a limit of potential losses will be set at the level of UP to 3%-5% of the available capital used in the trade.

 

In emergency cases, it may be decided to convert all the available funds into the most stable cryptocurrency (btc, bnb, busd, usdt).

 

The bot tries to keep up to 40% of the funds available. This allows for making investment maneuvers.

 

INTERFERING INTO THE BOT'S OPERATION

A RichLand partner is forbidden to interfere with bot trading. Interference means the cancellation of trade orders placed by the bot.

 

A transaction for which the partner canceled the order is excluded from the work of the bot.

 

In the case of the first and second cancellation of an order, a RichLand partner receives a warning.

 

After the third and subsequent order cancellations, the RichLand bot is disabled for 7 days. New signals are not received, old trades continue to be maintained by the bot.

 

Force majeure

In case of intense market movements, price slippage may occur and, therefore, buy/sell/stop limit might not work. Such situations are monitored, and the project team does all necessary actions. No actions on the part of the user are required unless contacted by the project team additionally.

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