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DexBot: Creating Liquidy on Bitshare DEX by kayceefresh

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· @kayceefresh ·
$0.21
DexBot: Creating Liquidy on Bitshare DEX
Happy new month once more Steemian, as its a month of love and surely its the month when the bulls will show love to the price of Cryptos. The month of February is filled with so many activities and events especially in my country Nigeria, as she will be heading to the Polls to elect our democratic leaders for the next Four years, there have been lots of publicity and campaign on going which gives me little or no time to concentrate on whats going on various blockchain projects even trading crypto currencies has been a challenging, that  why when i discovered  [Dexbot](https://github.com/Codaone/DEXBot) for auto trading on bitshare Dex and its forks [Rudex](https://market.rudex.org/#/market/RUDEX.WLS_BTS),[ Escodex](https://wallet.escodex.com/market/ESCODEX.SMOKE_ESCODEX.BTC) , i was so enthusiasts and relieve as  i have been searching for how to build or buy a bot to help me in trading so i can always be trading even while am offline and the good part about it is free and it always have winning trades with more profit,  now i have a worker who is always active and always making sure i don't miss any of my target price making me  profit.

![wls.PNG](https://ipfs.busy.org/ipfs/QmVcWmFiQTLhZ1EYXaoTzLTnUTPj98EJya3pQk3vU3JzZP)
[Rudex](https://market.rudex.org/#/market/RUDEX.WLS_BTS)


For the past 3 month i have been trading on rudex helping to build liquidity for the price of various tokens as its obnoxious for content creator( Miners) to want to sell his token after putting lots of time, energy and resources to mine  coin only to find out that no one is ready to buy his/ her token, it will discourage lots of miners, so with the little resources i have will try to be buying more tokens on a weekly base so as to increase the market liquidity, i will like to see **Steem** trading at [100BTS/Steem](https://market.rudex.org/#/market/RUDEX.WLS_BTS) before the end of this year. With dexbot i think we can create a strong price support zone as from my little analysis there have been lots of price action , but not going in too deep on whats happening in the market. 

Setting up **DEXBOT** was pretty easy and the strategy for trading are simplified, my selected trade strategy is valley mode as the [BOT](https://github.com/Codaone/DEXBot) marks from order from the current price with a 7% spread on the buy order and 10% on sell order, but that is  no news as we all know the price fluctuates in respect to demand and supply. 

The only issue am having with the Dex bot is that you have to leave your internet connection and you system on in order for the bot to be able to replaced filled/ executed orders and that is kind of challenging especially in my country Nigeria where there is no constant electricity supply as power outrage tends to stop the bot from running when there is no power supply. Fast forwarding 20 days after setting up my Bot these happened.

![dexbot.PNG](https://img.whaleshares.io/wls-img/kayceefresh/6b2d2c9c7f5475e265f112792996f6b7b76dfda9.png)


I will like to thank the team who created the **DexBot** but will act like **Oliver** and demand for more, if i new how to write codes would have done it myself, will like to see mobile Dexbot as most internet users are mainly mobile users and as its cheaper and easier to to operate and  thus are not able to use **Dexbot** because its only for PC users, if mobile version is created i guarantee more trade volume as most people use their mobile device more than their Computer system.



Dex bot has been helping me in my trading life these days and if we truly want to get more liquidity to Bitshare DEX market i suggest most passive users of this blockchain should set it up, as the volatility of the price and liquidity of steem in bitshare will attract , more traders and investors and also make steem easily reach the moon. 

#Exchange #Bot #Trading #Whaleshares
Similar content can also be found on my **Smoke** blog https://smoke.io/news/@kayceefresh/my-experience-after-using-dexbot-for-2-weeks and **Whaleshare** https://whaleshares.io/wls-africa/@kayceefresh/creating-market-liquidity-dexbot-why-you-need-it
Dexbot setup guide: https://medium.com/@CryptoKong123/market-making-dexbot-user-guide-ae7b5808b3b6
Staggered orders strategy: https://github.com/Codaone/DEXBot/wiki/The-Staggered-Orders-strategy
Github: https://github.com/Codaone/DEXBot
Telegram: https://t.me/DEXBOTbts

<center>Stay Bullish and
Don't Forget to !!
Vote For witness https://steemit.com/~witnesses
Trade #Whalestake for FIAT in Nigeria on [Airhawk-exchange](t.me/airhawkexchange)</center>
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