Inside BOTS: Bot-creator Yannick about his BOTS development adventure
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?
This is Yannick
The 19-year-old bot creator, Yannick, tells us something about his BOTS story and how he started to develop bots with the Pump it up inc. team. “I’ve just created my first bot, called Buy the Bear, with my team Pump it up inc. I got to know about BOTS from a sister of a friend of mine. She showed me the app, and I got interested straight away. I found the bot creator page and decided to start creating bots.”
“I believe BOTS is the best for cryptocurrency. Because you can’t watch the market 24/7, and a bot can.”
And this wasn’t the first time that Yannick got his hands dirty with coding and programming. “I’ve been programming since I was 16, and I’m educating myself in Machine Learning and AI.” It wasn’t hard for Yannick to start creating bots for the BOTS app. But, how does his bot, Buy the Bear, perform?
Buy the Bear by team Pump it up inc.
“Buy the Bear tries to find large decreases in price and exits the position before the decrease happens. After that, it tries to get into a new position at a lower price point. I was very proud to see Buy the Bear in the BOTS app.” But, bot creating isn’t always just fun and games and has a big learning curve. “You need to have a background in programming and experience. It comes with its ups and downs and can be pretty hard. Some moments you believe you have found the best strategy, and other moments you realize that your bot isn’t performing well.”
How it feels to be a bot creator when the market dips
So, after months of testing and struggle, the big moment is finally there: you’re ready to share your bot with the world. But suddenly, the market dips, and your bot stops performing the way you would’ve liked it to. That can’t feel good. “I feel a little bad because my bot didn’t perform well because of the big drop in the price of Bitcoin. But it’s doing a little better than the market, and I will keep improving. But no matter what, I believe BOTS is the best for cryptocurrency. Because you can’t watch the market 24/7, and a bot can. A bot doesn’t have emotions, and algorithms are perfect for minimizing losses.”
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.