Runbot: Your Guide to Catching SUI Waves

Right now, SUI shines brighter than many famous cryptos. Its blockchain, fast and scalable, attracts all attention.

Still relatively unknown, SUI is rapidly gaining momentum. Its blockchain, renowned for speed and scalability, is quickly becoming a magnet for attention. With a total value locked (TVL) rapidly approaching $2 billion, fueled by recent listings on OKX and Bitget, SUI is quickly heating up.

Its dApps, like Suilend for Web3 lending, are also drawing interest, and a recent rumor linking SUI to Pokémon saw the crypto surge by 60%. On Monday, May 8, SUI traders enjoyed an 22% price pump. However, this volatility can be a double-edged sword. To navigate it effectively and capitalize on trends, a trading bot like Runbot can be instrumental.

Let’s focus on an indicator that’s perfect for cutting through the noise and quickly reacts to trends: the 18 EMA (Exponential Moving Average) on the 4-hour chart.

According to Runbot’s documentation, the 18 EMA on 4h is best for spotting fast movements in lower timeframes. It reacts faster to price increases due to its emphasis on recent prices. When the price crosses above the 18 EMA, it provides a bullish signal. Conversely, when the price drops below the 18 EMA, it generates a short signal.

This indicator is ideal for a volatile coin like SUI, as it quickly identifies emerging trends. However, it’s crucial to note that no indicator is foolproof, and the 18 EMA can sometimes generate false signals. To mitigate this, you can combine it with other technical analysis tools or indicators.

For instance, you might use it in conjunction with MACD, RSI, or Bollinger Bands to create a more robust trading strategy. Runbot makes setting up these indicators and technical analysis tools extremely straightforward, requiring no coding knowledge. You can configure the bot to use multiple indicators and adjust their settings with a few clicks of your mouse.

Here’s a step-by-step guide to setting up a Runbot trading bot to automatically trade SUI using the 18 EMA indicator on the 4-hour chart.

1. In the Runbot app, click on “Create a new strategy.”

2. Select the SUI/USDC pair on OKX. Allocate the desired capital and select the backtest period. Taker fees on OKX are 0.05%. You can check your account statement on the exchange.

3. In the “Indicators” section, click on “Add a new indicator.”

4. Choose the “MA” indicator.

5. Configure the indicator by selecting 12 periods on a 4-hour time unit chart, then click on “Add a new trigger.”

6. Select “Touch line.”

7. Select and apply the parameters below:

8. In the “Entry Size” section, apply a ×2 leverage. Set a position to the desired amount (e.g., 2% of capital). This step is crucial for limiting risk.

9. In the “Entry trigger rules” section, select the option: “There is a Majority of long/short signals.”

10. In the “Entry methods” section, apply the configuration below.

11. In the “Exit rules” section, set a take-profit at 20% and a stop-loss at 4%. Enable “stop-&-reverse on opposite signal.” This option helps to quickly secure gains and capitalize on trends.

12. Finally, click on “Save changes” and run a free backtest. Analyze the Runbot Score and APR. A high score usually indicates a good strategy with low risk and high return. Adjust the strategy accordingly if needed.

Runbot is a no-code trading bot platform that allows users to create and deploy trading strategies on cryptocurrency exchanges. It offers a user-friendly interface, advanced technical analysis tools, and the ability to backtest strategies before risking real capital.

Here are some of the key strengths of Runbot that make it a valuable tool for traders who want to automate their trading and capitalize on trends in the crypto market:

Simple Editor for Beginners and Pros

With its text editor and sliders for setting parameters, Runbot is accessible to all levels of traders. You can quickly create a bot in minutes, even if you’re a beginner. For more advanced traders, there are advanced options and the ability to integrate custom indicators.

Safe Execution with Webhooks

Runbot uses webhooks to connect to exchanges and place orders without needing your API key. This keeps your exchange account secure, and Runbot executes trades directly from the exchange. Your funds remain in your OKX account, and Runbot acts as an intermediary to execute orders according to your programmed strategy.

Unique NFT Marketplace for Strategies

Runbot stands out with its marketplace where you can sell your bot