Veles is created for people. The platform gives an opportunity to automate trading 24/7, allowing users to comfortably distribute their time and spend it on really important things: hobbies, family, traveling. Bots work according to the averaging system. This principle is described in more detail on the site. The main advantage of using bots is that they have no emotions. They will not give in to panic and will not close a deal in the minus before time. They have only the strategy set by the trader.
Veles functionality
The platform has an intuitive interface that guides the user through to the launch of the first bot. The functionality of Veles itself will be of interest to both newcomers to trading and experienced traders.
For example, for beginners, the team has put together a showcase of ready-made bots with conservative settings. They are needed to try the platform and understand its principle, without wasting time parsing parameters, and then, getting the first, small but stable profit, to dive into a deeper study of the topic. By the way, you can even start with $1.
For experienced traders and bot users, the developers have added more than 20 indicators, TradingView-strategy, stop losses and the ability to build your own custom grid. The latter, by the way, is an exclusive among trading robots and is not represented by any of the competitors!
Let’s briefly walk through the interface of the personal cabinet and then move on to the actual functionality.
5020 $
bonus for new users!
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Earn a 100 $ bonus
for new users!
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You can test the platform for free. You only need to perform 5 simple tasks, for which will be credited $5 to pay the commission.
It is impossible to withdraw this $10 to the exchange or use it to launch a bot.
All successful transactions are available in a convenient statistics. You can specify the date range, algorithm or see the performance of individual bots.
If you have no experience and do not know how to customize bots, you can find the perfect strategy for you on Veles thanks to the “Backtests” function. Using a simple interface and data that we collect and organize ourselves, users are able to create and optimize a strategy for themselves on a detailed 1m timeframe. With Veles backtests you don’t need to risk your own money anymore!
Backtests are used to develop and test your own trading strategies. Users can thoroughly evaluate trading scenarios based on historical data.
Now using bots for cryptocurrency trading has become even easier and safer. Historical data broadens the analysis horizon for making adjustments to the trading bot settings. Backtests have become the basis for selecting trades and finding grounds without which trading will no longer be the same.
The platform offers training materials for every taste, all of them can be found in the personal cabinet. For those who like to read, there is a detailed WIKI with instructions for starting and parsing parameters.
For video connoisseurs, there is the Academy with short tutorials. If it’s easier to ask everything in person, you can sign up for a free consultation with a technician. The option is available an unlimited number of times, until the client finally understands all the intricacies of bots for cryptocurrency.
And more recently, a marketplace of training courses on crypto trading from a partner school has appeared. Those who are determined to pump their knowledge to the maximum, can get acquainted with the presented programs.
Veles does not have a rate schedule. Payment is a commission of 20% of successful trades. The amount per calendar month will not exceed $50, regardless of the size of the participant’s profit. The payment is deducted in USDT starting from the moment the first profit is made. As long as the user does not make trades with the help of bots, the commission will not be charged.
Getting started: registration and configuration of Veles bots
A personal account is created on the main page of the site. During the registration process, the user needs to provide contact information and a password for the future account.
After registration on the site, the user immediately gets into the personal cabinet. The most logical thing is to start with the tests. Some of them just represent the first steps to start. So you can kill two birds at once – take the test $5 and start working with the platform.
More details about the stages of creating a bot:
- Create an API key for the exchange you plan to trade on. There are detailed instructions for each platform.
Creating a key - After binding the API, you can start customizing the robot or copy the parameters from the showcase of ready-made bots.
Let’s analyze the creation process on the example of the Futures Bull solution with a deposit of $50. After selecting the settings from the showcase, they will be automatically opened. You just need to select the API key added earlier and specify the deposit.
All parameters are already specified. If the user is not sure of his knowledge, it is better to leave everything as it is. In the future, it will be possible to set your own values in this window. For each parameter there is a tooltip that explains what this field is responsible for.
The success of trading depends a lot on the correct entry into a deal. The “Filters for bot start” section is responsible for this. In our case, all the necessary parameters are already specified.
With conservative filters, bots will enter a deal less often, but choose the moment more carefully. With aggressive ones, on the contrary, they will open deals more often, but more risky.
The platform implements an impressive list of indicators for the best entry into the deal. At the moment there are more than 20, including RSI, CCI, Bollinger Bands, Moving Averages (SMA, EMA), Stochastic, Keltner Channel, TradingView Strategies, etc.
These were all the steps to launch a ready-made bot: open the solution from the showcase, select the API key and enter the deposit! You can click on “Done”.
Before launching, there is an option to view the future grid using the TradingView widget. This is especially convenient when the client specifies his own values and wants to see how orders will be distributed. For example, you can set the “Price Change Overlap” parameter to 10% and look at the grid, and then increase or decrease it by 50% and compare the results.
To follow the further work of bots and receive information about successful trades, it is recommended to connect a Telegram bot. The link is available in the user’s personal cabinet.
While waiting for the first profit, you can watch the success of other users in the community of 6 thousand people. There is also almost 24/7 support team, which will always help if there are difficulties.
The main advantages of the Veles platform
When registering, new customers get $5 credited to their account. This money can be used for a test run of the bot. Other benefits of the platform:
- There are no monthly fees. The service charges a 20% commission on profits, but no more than $50 per month.
- Developers do not have access to customers’ money.
- Simple and intuitive interface.
- Backtesting strategies.
- More than 20 indicators for profitable trading.
- Free consultation with a specialist of the Veles platform.
- Large Community in Telegram – more than 28 000 people.
Information about the project
The project team can answer your questions in several ways. Detailed information, as well as rates for services and possible bonuses are shown in the table.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
