Inside BOTS: Mother Earth bot creators David and Luc about their passion for crypto
Using the BOTS app means using automated, algorithmic trading. Or, in other words: you Netflix and chill and the bots do all the heavy lifting. But these algorithms, known as bots, don't just appear from thin air.
Who create the bots in the BOTS app?
Behind every bot in the BOTS app is a passionate creator. Someone who puts his trading strategies in an intelligent algorithm and shares it with the world. The way BOTS makes trading available to everyone. Pretty fantastic, right? You could say they’re real-life superheroes.
Time to move the spotlight to these heroes in the new series: Inside BOTS. Ready to get to know our bot-creators?
Meet David and Luc
Meet students David and Luc from Team Atmos. With interest in trading since high school, these bot creators tell us all about their successful bot, Mother Earth. How do their bots behave in the current market? And can we expect more bots from David and Luc? Let’s find out!
“We’re double degree students in Finance and Law and founded Atmos Capital. We both have been passionate about investing and trading since highs school. As soon as it was allowed, we held our trading portfolio and stocks and joined investment clubs to trade in normal equities. After that, we added cryptocurrency to our portfolios because we saw a lot of potential as an investment and a lot of volatility to take advantage of.”
“BOTS attracted us the most because it’s simple to use, and people can let the bots do the work.”
The start of Team Atmos
Since they first got to know BOTS, they’ve created quite a few popular bots within the BOTS app. But how did they get to make their first bot? “We first traded cryptos manually, and doing so, we had to continuously analyze the charts of the coins, which takes a lot of time as the markets are open 24/7. At some point, we saw patterns in the data and realized that we could forecast what the coins would do and that the strategies we used worked.”
And that realization was the start of Team Atmos. “At that point, we interviewed some AI developers and hired the third person of Team Atmos to try to translate our strategies into programming language to automate the whole process. And that’s actually how the algorithm was born into a bot.”
But that didn’t mean they wanted to keep these algorithms all to themselves. “We first used the algorithms for ourselves but quickly realized there was a lot of interest in them. The results were fantastic, even in bear markets. So we wanted to publish it on a platform.”
“We believe the future of trading will only involve more and more algorithms, as AI removes emotion in trades: and that’s where investors lose all their money.”
The success of Mother Earth
And you guessed it: that platform was BOTS! “BOTS attracted us the most because it’s simple to use, and people can let the bots do the work.” Meanwhile, Team Atmos has created a lot of trend bots like Mother Earth, their most famous bot. “This bot knew how to keep onto the profits after two downturns, and we think that’s a great success. It catches the upside and gets out of a trade if it expects a downturn.”
But, how does it work? “We can’t tell you exactly how it works — that’s our secret sauce. But basically, the algorithm is a trend algorithm, so it analyses trends. It calculates the movements of the underlying coin, puts weight on every calculation, and then calculates probability: whether the coin will go up. When that’s bigger than the probability that it will go down, it will buy. It keeps holding on and can, later on, switch to sell again.”
The future of automated trading
You would almost say that an algorithm that interesting would want to be kept for personal use only. Thankfully, Team Atmos shares BOTS’ views. “For a while, it was only possible for a select group of investors to invest in algorithms, such as big banks, hedge funds and wealthy investors. And we want to provide everyone on the BOTS platform with our algorithms. We want to provide the best risk-return ratio to the users of the BOTS platform. It takes a lot of responsibility, and we try to improve our algorithms every day. We believe the future of trading will only involve more and more algorithms, as AI removes emotion in trades: and that’s where investors lose all their money.”
If you’d like to know more about creating and publishing bots, have a look at bot creator page.
BOTS is a tech company that has developed an app that makes it possible for anyone to start investing. You only need €50 to get started. BOTS uses automated trading strategies based on algorithms. We call these algorithms bots. These bots are tiny superheroes: they make automated investing accessible to everyone. With their help, you can invest in cryptocurrency within minutes — without any knowledge! And we’ll do you one better… In 2021, you’ll also be able to invest in stocks and other currencies through the BOTS app.
The app is free to download and quick and easy to install. BOTS currently operates in more than 15 countries, and by the end of the year, BOTS wants to be active in at least 60 countries and four continents.
Need any help with anything?
Even though automated investing is incredibly easy, you might need some time to find your way around the app and discover all the options. So if you still have questions wandering around your mind, or you just can’t seem to figure it out, please do not hesitate to contact the BOTS support department.
Don’t feel like calling our support team? Just head to the BOTS YouTube channel and browse through the dozens of instructional videos that may help you further. You are also royally invited to the BOTS Discord channel.
Ready to get started?
There is no such thing as risk-free trading. It is possible to lose (part of) your stake.