Please explain to everybody how slippage affects a market maker bot.
accept my bet or decline it officially.
How arrogant can you be in coming to a service provider dictating insane rules that always involve me sending
BTC to your scammy friends?
I AM THE SERVICE PROVIDER, you are the user(not even that, just a silly troll) . You are free to join my service under my terms of service.
The only bet i can take outside of my service is the one you are refusing to take since weeks. Is a clean, impartial and fully verifiable bet, where none can cheat or get scammed. Put your money where your mouth is, since you are promoting GunBot,
I put 3 BTC in a new bitmex account and let it manage by my weakest bot( Arakne) for 1 month.
You put 3 BTC in a new bitmex account and let it manage by GunBot for 1 month.
Both account need to have READ ONLY API KEY ALWAYS ENABLED. All trades are also posted on a dedicated thread. Only XBT Perpetual Swap Contracts.
Whatever bot makes the biggest ROI at the end of the 30 days, wins all funds. Please explain to everybody how slippage affects a market maker bot.
Secondly as you are the market making expert with this superior bot. Why don't you explain to me how having a 1
BTC buy order V having a 100
BTC buy order affects market depth and the actions of other bots. I am sure you can elegantly explain it, also as we are talking about bitmex with margin trading, how having less on an orderbook depth will affect leveraged positions, forced liquidation etc etc etc.
once you explain it all, i will prove you to be wrong.,.
Is hilarious how you speak of things you have no idea how they work, challenging someone in his main work field and constantly putting yourself in a ridiculous spot.
Leaving out the market psychology which you will never be able to understand, i will start by explaining what a Market Maker is and why slippage cannot affect it.
Event though is right there in the name, a Market Maker's job is to PROVIDE LIQUIDITY to a market. We don't care about market depth because we create the depth. We don't care about slippage because our entries are pre-determined both in stake quantity and in price. We don't need to rely on others liquidity (aka eat walls) because we await others to fill us. The direct consequence of this is that bigger the capital is, safer the trade is. Why ? Because we can protect our market making range stabilizing the price.(very big amounts of btc needed, currently only 10 BTC are managed by Arakne which are not enough for this).
Add to this that there are from 2 to 10 BILLION USD DAILY VOLUME on XBT perpetual swap contracts and that if you really need to be sneaky you can use iceberg or hidden walls.
Maybe an example would be easier to understand:
Arakne market makes unidirectionally with up to 12 levels of entries and exits. She exponentially distributes on average 5% of the capital among those levels.
If price goes against us we exponentially fill entries and improve our avg price which also gives us more space for exiting in profit even bellow first entry. If price goes in our direction, we fill exits and bring home the gains.
The result is that whatever the price does, we don't care. Can you see why we have such a high winrate?
Liquidation is technically and mathematically impossible, stops are there to be used. Only noobs get liquidated, liquidation should never be an option for any serious trader. Other smart bots could understand where a market maker is hiding his levels and could join it making harder to fill entries, which results in even lower possibilities of getting shaked out of position.
I'm not a trading god, i just understand how algorithms rule the market and follow them, you think Arakne is the only market maker bot trading this way ?
Bots rule and control the markets. Retail investors get rekt.
I don't claim anything else other than what is publicly free to check . I started this trading diary on september 2019 and from day one there has been a read only api key to the account. Trades are there to check:
ACCESS THE LIVE OPEN ACCOUNT VIA THE FOLLOWING API KEY:
ID:SECRET:V8AU7GvMLSry4mpKnKD1Bu8PBuYpLZx88dfn40Nkq1Dm59GE
HOW TO VERIFY ? Simply create account at
https://www.coinmarketman.comand link the above api key to see all trade and balance history