/biz/ - Business & Finance

I'd pay $99 per month for that...

The more people using it, the less effective it will be. You may be using 100$ buys but if 50 people using the same algo then the buys are really 5000 since they could all trigger at the same time

Also you only have 3 months of data and they have all been uptrend months so it's really not well tested. I'd wager the risk is high and you've been getting away with it because the market favors you. One down month will wipe all those gains assuming the bot keeps the same risk profile

>>9294664
I thought the same thing too but this bot is legit, it was doing %1 jan/feb but that's also when he seriously put in effort on it. Have only had one week where the draw down beat the profit.

And awesome lmao, exactly what I was thinking and exactly what will doom it to failure. He at least has it closed source so I guess if it goes to shit then he can just call it off and keep going but he's looking to make it into a business and 100x more complicated than it needs to be.

He should start a hedge fund

jesus fuck 3% is worse than buy & hold. That bot is absolute shit. Its boomer coping levels of returns. If your shit can't beat buy and hold w/ simple trailing stop, don't worry about people saturating the market haha

3 day returns on a Long ONLY strategy, with binance fees, and -6% DD, no GA or monte carlo.

Always good to know kids on biz make boomer level returns hahaha

>>9294740
he ironically doesn't want to do that yet, but he's got his dreams going for him at least.

hell, I'm happy with my 3% a week, get more capital, spread it around a few exchanges/coins and quietly retire in a year, if the bot keeps doing what its doing, which I have high hopes for. It uses some neural network fuckery, he tried explaining it to me and I didn't understand but basically it takes data from the past, models some potential futures and filters till it gets the best potential outcomes. All I care is that it works really well

As the other guy said, by publicly revealing your trading strategy, it will eat into your profits, until it becomes ineffective.

Because liquidity is limited, and people will keep undercutting each other, especially if they find their orders only partially filled or even unfilled, missed by a few sats or $.
This will keep happening until profit is only barely above fees.

Seriously you need to keep it private if it truly has a very high success rate. A working trading strategy is good until compounding percentages runs into a liquidity problem, where you become a wall and your orders don't get fully filled. Once that happens, all you have to do is move up a timeframe (e.g. if you don't have enough liquidity in 15min candles, move up to 30min or 1hr candles for more liquidity, then to 4hr, 1D, etc).

The compounding gains will literally feel like you are playing an incremental game, like Cookie Clicker or Universal Paperclips, except with real money.

"Leasing it" will kill any chance you had of compounding percentage gains.

>>9294756

lmao, pic related better not be your strat, can't talk shit with a drawdown curve like that.

thing is just spamming positions

>>9294772

this is exactly what I tell him, he thinks that there's more than enough liquidity to cover for it and "I'll only lease out 50" or some other bullshit. I tell him to at least charge more to cover for the losses he's about to get but then he talks about how people won't buy it.

kinda feel bad cause the dude is smart in some areas, didn't grow up with a lot of money and just recently started getting a lot and still thinks $99 is "a lot" for a money printing machine

>>9294809

Entries are not as important as everyone makes them out to be. There is some forex guy that experiments with weird settings who made an RNG entry strat work. The bot would just manage the trade and close it right away if it was a dumb buy

>>9294809
lol my equity curve is positive, and sharpe is 1.4, with no stops, imagine stops?

>retards falling for this

Tell your friend to sell it to Goldman for 500 million trust me they’ll buy it

>>9294848
post the whole thing, with the date range, then I might believe you

>>9294846
clean entries avoid drawdown, I agree trade management is everything, but spamming trades every other 15m candle just causes extra trades, extra fees/headaches.

>>9294854
>no one has become a millionaire from their own trading system

you don't have to believe it, in fact I'm banking on ppl thinking its too good to be true so a bunch of autists won't get their hands on it.

I'm going to try one more time to convince him of other revenue routes, the self sabotage is real

>>9294876
not trying to create fapturbo crypto edition, nor earn internet points. Just don't want retards to think getting 3% a week is impressive in crypto when you can run a simple buy and hold with trails and earn more.

>>9294876

You know, RNG entries could be a solution to the leasing liquidity issue. If all the bots are making different entries then they won't pile up. Returns would be worse but it would scale a lot better

>>9294934
lmao, I hardly believed it when I saw a consistent 3% a week, show me 17% a week over these past 5 months and I'll believe you.

Buy and hold? over a weeks time? last month that would get you rekt. That's like saying "just buy 7 days ago"

I'm talking returns, legitimate put 10k and get a $300 deposit every week returns. Not yolo and spam and maybe end up with X%.

>>9294945

I was thinking about this, also a more unethical "delay by 1 min" approach but I don't know. I just don't see the point of fucking around with all this extra stuff when focus could be turned to making it even better and getting more capital. No messing with anything else.

I know exactly what he wants, he wants to make it a business, he wants a business, his whole life and I feel kinda bad for telling him not to.. maybe I'll try to redirect it somehow.

His logic is that people will use it for other coins. The mad man even wants to post BTC entries/exits real time on twitter to "prove it works" which if it gets any traction will only make it look like it doesn't which I kinda lol at but eh

>>9295008
His business will be open until the trading technique stops working (due to being public), then people will stop leasing, and his "business" will go bust.

As a bonus, the sample dataset of trades people who leased it will have will most likely allow them to somewhat copy the way the bot trades, robbing him of both the business AND his trading method.

Self sabotage is very real indeed.

>>9295053
I could maybe try to push him towards a hedge-fund type of deal, however he always said that would be the "late stage" goal the money raised from the bot leasing would pay for it. He's trying a one man show and spread too thin.

How do signal groups do it exactly? Do they simply just not work? I don't fuck with them at all as they all seems a bit scammy.

>>9295075

Some of them work. The good ones have capped membership

>>9294972
Again, no stop and reverse, no position sizing, no Top point optimization, no ADX optimizaiton, just pure signals. Tell your friend he can make more than just 3%.

>>9295108
ah ok, well he did say he would limit it to 50.

maybe I'm just too worried as its really just a bot in a sea of bots and promises of riches lol.

not that I wish my friend failure, I just wish he would go a different way that won't lead to potential problems.

just don't want him to fuck up a good thing he's got going, that will by extension fuck me up lmao.

>>9295114
and how does that look for last month?

why not publish on private on trading view so I don't waste your time/see for myself?

>>9295147
because TV will use your profitable strategies, just like they use "social trading" to indoctrinate bad traders with even worse calls and hedge against them, like any retail brokerage. Also teh reason I'm on TV is because I'm not at my workstation. Gonna purge this strat after this and migrate it to my server once I get a chance.
Also notice with 100% equity trades, it digs out of it, mainly due to bull runs. Unoptimized, 36% dd, no escape autism logic, still digs out. Mainly due to bull runs, and is 1/3 buy and hold if you sold the perfect top.

>>9294894
Lel, try talking to some real quant or systematic traders

They retool their algos or systems all the time. Even if your friend scrapped together some stuff that back tested well almost guarantee the go forward results will be worse. Trust me

>>9295271

this is true, the backtests always out perform the foward test, as long as it comes close though that's all that matters, at least to me.

>>9295245

you have any evidence for the tradingview thing?

was able to get his tradingview copy, its 100% in python or another language now but he prototyped it on TV, still works alright.

you have any evidence for the tradingview thing?

was able to get his tradingview copy, its 100% in python or another language now but he prototyped it on TV, still works alright.

>>9295356
Well, firstly, theyre front page is usually half full of fake or controlled accounts, with automated TA, or a acocunt manager behind it. They utilize the reporting system to auto delete. If you watch closely, they will point squeeze points and make charts for both directions, and delete the false one. Also look up their tip wallets. You'll see that they either donate to themselves, or have recursive donations that are timed. Twitters are always fishy too. Its like any other social trading platform. Check out anton kreil's seminars about retrail brokerages and the shady shit they do. Also that script looks like a reversion to mean combined with a momentum and directional indexer. Running decent profits is not hard, as long as you make account for trending or sideways and black swans. Also your profits are not nearly as accurate. Don't turn on heiks. Trading view is retarded and will buy on tops and bottoms of heik values that you can't even enter on. Thats why they look so tasty.

>>9295395
turn off Heiks, and turn on commissions. Guaranteed those profits will be 1/3

>>9294608
my coworker invested 500usd and now has over 1.5mill. took him 8 months with his bot. he generates over 3bill vol on bitfinex per month.

fucking retarted. but yes its possible

>>9295114
What strategy is that?

>>9295408
I'll have to look into that.

I've had success with heiken ashi so far desu

put in a limit order where it says and it will be filled, never had one not filled within the candle.

>>9295427

normal chart overlayed, this isn't the python version, they all get filled senpai

>>9295500
I belieb, its just that on TV does next candle entries, and if its bull, it puts the entry at the bottom of the Heik, which if you know heik calcs, you can't actually buy the bottom, since its literally a point that price will never be at on that candle. I'm sure the py script enters on that current order book limit price.
>>9295440
I'll gib hint, its volume stuffs. volume is every thing, ever. you can smell a brap before hear it

>>9294608
Lol this thread is a fucking scam CLEAR AS DAY. Even though you have different IDs, you still use the same shitty grammar of using a comma every 4-5 words. fucking sad.

>>9295820

t. 30 year old boomer

>>9294608
silly pajeetnigger. stick to twitter scams