Frequently Asked Questions

How does PowerTrader’s Coin Collector work?

Coin Collector uses the USDT (A “stablecoin” cryptocurrency with a constant value of right around $1 USD per coin) in your Kucoin Trading Account to automatically trade over 300 cryptocurrencies!

The bot can separate a portion of the profit from each profiting trade into your Kucoin Main Account so you can easily cash-out on some of your profit, while keeping the rest of the profit and your original investment in your Trading Account for reinvestment into new trades!

With the sheer amount of coins available on Kucoin, there are good odds of trades completing fairly often.

Our standard Strong Buy Engine that determines which coins to buy and when to buy them is totally Open Source! It buys coins right when they switch to Strong Buy on the TradingView 15min Summary Gauge, but only if the 15min RSI is below 70.

 

Are my funds safe? How does Coin Collector connect to my Kucoin account?

Your funds are safe when using PowerTrader! No one, not even PowerTrader, can withdraw funds with the connection made by the bot to your personal Kucoin account! You have complete control of your money at all times, and we will never require you to send us your investment money to be “locked away”.

Kucoin allows outside programs to connect to accounts through a system called an API. APIs are extremely secure systems for exchanging data between computers and servers. 

The Kucoin API has 3 Permissions that can be enabled or disabled:

General – This permission enables account balances to be viewed through the API. Must be enabled for Coin Collector to work.

Trade – This permission enables trading and Inner Transfers. Inner Transfers are simply moving funds from Main acct to Trade acct or vice versa on your own Kucoin account, NOT WITHDRAWING TO EXTERNAL ACCOUNTS!!!! Must be enabled for Coin Collector to work.

Transfer – This permission enables withdrawing from the Kucoin account through the API. WE DO NOT RECOMMEND EVER ENABLING THIS PERMISSION! Enabling this permission is the only way someone can steal your funds from Kucoin, other than directly logging into your account. I repeat, DO NOT ENABLE!!!!!!!!!!!

 

What happens if the market crashes?

Coin Collector is designed to withstand even the toughest market crashes (if using low to moderate settings). Our Framework system has a unique and fairly substantial DCA system for handling active trades. (DCA, or Dollar Cost Averaging, is just a fancy term for accidentally buying too high once, so you buy another at a lower price, and average your buy prices together into one big sell at an easier to reach price!)

With that being said, please read our legal disclaimer:

PowerTrader’s Coin Collector bot is nothing more than a tool. A tool must be used properly. There are always risks involved with trading and investments. You should still manage your portfolio, only run the bot when you feel it is safe to run it, and only invest what you are willing to lose. Past performance does not guarantee future results. We do not provide refunds or reimbursements. We are not providing investment advice. We are only providing software and subscriptions to use the software.

 

How much will I make?

This is entirely dependent on the settings and Engine(s) used, as well as cryptocurrency market conditions.

With that being said, during testing using our standard Strong Buy Engine, the Trading Account value basically followed the same flow as if you were to just be holding average coins within the crypto market, but with the HUGE difference of the Framework’s profit separations being sent to the Main account (Profit separations set to 50% for all testing, basically becomes a quasi-dividend payment).

Settings used during testing (Other than auto adjusting Smart Settings):

Buy amount = 0.1
Profit Separation = 50
Avoidance mode
Empty Avoidance list

The Strong Buy Engine is totally Open Source and written in easy to understand Python! This means you can modify it or even create your own Algorithm Engine!