[ANN][XPM] CryptoBot Investment Fund - Second Investment Round

[MarpleTrading]

Hi Folks,

After a period of 14 days testing with changing results I am opening up the crypto bot for a second round of testing. I am aiming on getting 5000 XPM in the fund and see how it is reacting to even bigger trading.

I learned a lot about the bot in the last 14 days, could eliminate a few bugs and tweak the algorithm so that I managed to break even (I hope it stay like that on the last day) after a major blow.

I am looking for investors that are willing to invest a minimum of 25XPM so that I am able to test the scalability of the bot.

The test will last 14 days after which your money will be returned plus the profit (or god forbid minus the loss). Every day an update will be posted showing the trading results of the bot, like the one below.

When you are interested reply to this post and I will contact you for the details.

This round I will take 15% management over the profits of the bot.

These are the latest results (September 12 11:15am GMT):




Why should you invest?

• A big return a day is not bad at all.
• The bot will - when large enough - create better market liquidity. You will need a lot more XPM to manipulate the market.

Why am I asking for investors?

• To spread the risk. Although the bot is working now, it is not said that when more money is added it will continue to work.
• To spread wealth a little. Let some people profit who would otherwise not be able to.

How do we know this isn't scam 1,000,001?
Standard answer is You can't. So when you are interested only spent a few coins and only coins that you can afford to lose.
You can always contact me via PM on this board and I am a pro trader on mcxNow.com and often to be found in their troll box.

What will happen after 14 days?
When the test period if over your coins will be refunded plus profit or minus the loss. I will then open the bot to the general public. As investor in the second round you will never be charged more than 15% management fees for CryptoBot. As an early investor you also have priority for consecutive rounds.

Can I have my money back before the 14 days are over?
No you cannot. Only when it turns out that the bot is not handling the increased volume well, I will abort the test and refund all investors.

Is it possible to lose my complete investment?
Yes it is possible, but the way the bot is programmed it is very unlikely. Nonetheless you should only invest money that you can afford to lose.

What algorithm are you using?
Unfortunately I cannot disclose that information, because by doing so I would render the bot useless.

I have a question which i cannot find an answer to in this FAQ.
Just pop me a PM, reply to this post, find me in the chat of mcxNOW.com. I will come back to you ASAP.

[MarpleTrading]

End of second trial period

Lessons learned:

• The strategy works as that it makes a profit in the alt coin traded
• The strategy doesn't work great in declining markets, when compared to BTC
• Although the banter with the investors is a great thing, you should not get influence by them

Going forward:

Currently the bot is stopped and all the funds assets are in BTC. I am testing some new strategies for a different bot, but not using the fund for this.
Updates on this testing will be posted on this forum, but probably not on a daily basis. In the mean time I am trading my own funds manually.

If you want your investment back please let me know. As all funds are in BTC I would prefer to pay back in BTC to avoid exchange fees and price movements. I can pay back using a BTC address or user 2 user transfer on mcxNOW.

You can also leave your investment in the fund and I will start trading them manually together with my private coins.

When I don't hear from an investor the funds will be parked in BTC and left alone.

Currently one share is worth: 0.06069393 BTC



Day 14

Share price XPM: 26.951124 -7.24%
Overall profit (XPM): +7.8%

Share price BTC: 0.0606939 1.7%
Overall profit (BTC): -16.28%




Day 13

Share price XPM: 29.05465 -4.00%
Overall profit (XPM): +16.22%

Share price BTC: 0.00596785 -0.31%
Overall profit (BTC): -17.68%



Day 12

Share price XPM: 30.266026 -4.89%
Overall profit (XPM): +21.06%

Share price BTC: 0.0598662 -0.04%
Overall profit (BTC): -17.43%




Day 11

That was quite a blow tonight (GMT) in the price of XPM. Since the start of the second round of the bot XPM/BTC lost 35.10% of its value. The shares when measured in BTC only lost 17.39% of their value. Looking from it that way one could argue that the bot is doing a good job. On the other hand just having dumped XPM and not trade it at all would have been the best thing to do.

I am now almost completely out of XPM, so expect a drop in share price (XPM) when XPM would magically recover.

Price per share XPM: 31.821809 XPM + 19.26%
Overall profit (XPM): +27.29%

Price per share BTC: 0.0598886 -6.87%
Overall profit (BTC): -17.39%




Day 10

A friend from Spain came over and we decided to go to the seaside to enjoy the lovely weather. Because everything was arranged short notice I didn't have the time to update this thread. Sorry for that.

We didn't have much trading over the weekend and XPM just took another hit. This resulted in the share price expressed in BTC to go down almost 3% over the weekend and I started to divest in XPM. I had hopes that XPM could manifest itself next to BTC and LTC, but it seems that it cannot. It is yet another mine and dump and I can't see it recover in the short term. Also the volume on BTC-e has dropped significantly which also makes it harder to trade. So I now mainly focus on trading LTC/XPM


Share price XPM: 26.682756 +0.88%
Overall profit (XPM): 6.73%

Share price BTC: 0.0643054 -1%
Overall profit (BTC): -11.3%



Day 8

Share price XPM: 26.062389 +0.23%
Overall profit (XPM): 4.25%

Share price BTC: 0.0664852 +0.2%
Overall profit (BTC): -8.3%



Day 7

It seems that the alterations made in the fund are making it to grow in BTC value as well. To accomplish this I have lowered the size of each trade, trade a fix number of alt coin rather than a fixed number of BTC and I diversified into LTC as discussed earlier in this thread. Also the current stability in XPM hovering between 0.0025 ~ 0.0026 has helped of course.

Price per share XPM: 26.002255 +1.91%
Overall profit (XPM) 4.01%

Price per share BTC: 0.0663497 +1.82%
Overall profit (BTC): -8.48%





Day 6

Price per share XPM: 25.513772 -0.05%
Overall profit (XPM): +2.06%

Price per share BTC: 0.0651622 +2.1%
Overall profit (BTC): -10.12%




Day 5

Due to an update of the exchange the bot was of during a large part of my night.

Price per share XPM: 25.526516 -0.3%
Overall profit (XPM): 2.11%

Price per share BTC: 0.0638217
Overall profit (BTC): -11.97%




Day 4

EDIT: Corrected error in share value

Quite a profitable day for the bot. I am going to cut down on trading size though because I want to see if the bot can be profitable in BTC as well, which should make sens in the ever declining XPM market.
So expect some less profitable days to come, especially in XPM. The reason I am cutting down is that the bot runs out of funds on one side (BTC or XPM) quite easily and that is preventing it form being profitable in BTC, at least that is what I suspect.

Share price XPM: 25.603296 +2.8%
Overall profit (XPM): 2.41%

Share price BTC: 0.0655444 +4.02%
Overall profit (BTC): -9.59%



Day 3

Share Price: 24.905402XPM  +0.84%

Overall change since start: -0.38%



Day 2

Share Price: 24.698675 +0.75%

[MarpleTrading]

There are still a few positions open. So don't miss out on this great opportunity.

[almightyruler]

Is it possible for your bot to act independently on behalf of each investor, ie they give you the API key to their account? Although this would complicate things somewhat at your end, having to place (say) 50 orders each time instead of 1, it may help increase trust levels.

[MarpleTrading]

Is it possible for your bot to act independently on behalf of each investor, ie they give you the API key to their account? Although this would complicate things somewhat at your end, having to place (say) 50 orders each time instead of 1, it may help increase trust levels.

Interesting thought. At the moment this is not possible yet, because the bot is not programmed to handle multiple accounts and running a bot for each account is not possible because of the algorithm.
Moreover it doesn't increase trust level, because having the api keys I could still transfer money out of your account or trade against my own account and take your money that way.

[almightyruler]

Depends on the exchange, some will let you configure remote API access for each individual function such as get balance, place order, withdraw etc.

I can see one problem from your end - how do you get paid when all you can do is trade on someone else's account?

[jdebunt]

'm interested just need to see how fast i can get those 25 xpm together

[monkeynutts]

id like in on this please,

where do i send my 25 xpm ?

[MarpleTrading]

id like in on this please,

where do i send my 25 xpm ?

PM send. (First one I sent yesterday went to the wrong one I suppose )

[monkeynutts]

must have, as its not arrived in my inbox

i got the pm with the payment address and when im home from work this evening ill send on the XPM


kind regards

monkey

[gbeirn]

I would like in as well please

[redphlegm]

Will you be sharing where you are with respect to the 5k goal and how it's dispersed among investors like you did last time (of course I wouldn't expect you to divulge their identities). I'm curious, that's all.

[MarpleTrading]

Will you be sharing where you are with respect to the 5k goal and how it's dispersed among investors like you did last time (of course I wouldn't expect you to divulge their identities). I'm curious, that's all.

Almost 2500 XPM

Will publish a full anonymised list tomorrow.

[MarpleTrading]

BTW Guys and Galls (if any),

I will start the bot tomorrow 13/9 1200gmt because I had some personal things to deal with.

Hope that Friday the 13th is a sign of good luck

[MarpleTrading]

The bot has been started and is buzzing its way into profit (I hope).

I decided to, instead of publishing the total fund size, publish the price per share. Initially the price per share will be 25XPM and I will PM all investors how many shares they hold today or tomorrow.
Every day the new price per share will be published. Doing it this way allows me to accept new investors better, as they just have to pay the PPS to enter.

Furthermore I will start trading other alt coins traded on mcxNOW probably as of monday. Liquidity there has increased significantly and I think diversifying might add to profitability. Let me know if you have objections and we can discuss.

[redphlegm]

While I acknowledge that it won't have the benefit of its own influence, the addition of other currencies should come after some period of testing. Or are you saying that the bot itself trades across currencies? Like will the xpm instance be separate from the litecoin instance; or will it simply be one fund with the bot trading back and forth between all of them?

[Duffer1]

I'm in if there's still room. PM me.

[jungle_dave]

Interested!!


PM me

[junglist.massive]

pm

[MarpleTrading]

Day 1

They found a way to exploit the bot. Fortunately the bot noticed and shutdown and there was only a small loss.
At the moment I am implementing a patch and since I consider it more important to get bot up and running again I only post this small report.

Initial share price: 25XPM
Current share price: 24.51544