[ROASTING]This forum has big problem with high rank spineless human beings [END]

[CryptoSparks]

Look how many noobs  

It will be fucking glorious, mark my words.  

A member and a bot vs a forum. Let's see what happens, i promise one thing, the api key of the open account will stay open so everyone can follow this story!

Note that the readonly API KEY is disabled during trades in order to avoid people getting rekt manually copying the trades.
Market conditions can change in a split of a second and the bot immediately reacts to them changing entries and exits.
By manual trading the rekt will eventually hit because no human can compete with tireless machines.

What's a "citiziens"? Can it act as a Bitcoin private key?

Thanks for pointing out the typo, good shiba!  

[AdolfinWolf]

You can't just make 20 small trades and call it a win.. That's not how this works. That's not how any of this works.
All those wins can be ascribed to pure luck, and prove, in statistical terms, absolutely nothing.

4. Arakne's last trade was on 13th September, a nice 1.7%. If she didn't trade during this period is because some of her anti-manipulation function triggered and is waiting for the perfect opportunty to enter and start her marketmaking in a safe enough range. Safe is SLOW! That's how this bot has 96.5% win rate.

No, that's not how this bot has a 96.5% "winrate"

That is simply due to the fact that you double down whenever a buy order goes under water. You're applying the martingale strategy with your funds, and, most importantly, simply waiting for Bitcoin to recover.
Anyone can do that themselves. They absolutely do not need you for that.

4. Arakne's last trade was on 13th September, a nice 1.7%

such an obvious lie.

These are actually the last trades

{ orderID: '3b2efbe3-d1b0-1027-0274-2b8630fdac4d',
    account: 1232047,
    symbol: 'XBTUSD',
    timestamp: '2019-09-13T13:29:10.064Z',
    clOrdID: '',
    orderQty: 202,
    side: 'Buy',
    price: 10324 },
  { orderID: 'f8f5f4f8-f1e7-d49b-dea4-63b6147982d6',
    account: 1232047,
    symbol: 'XBTUSD',
    timestamp: '2019-09-13T14:02:31.552Z',
    clOrdID: '',
    orderQty: 96,
    side: 'Buy',
    price: 10314 },
  { orderID: '87b6f0f0-3611-d800-0257-82605ac1ccb5',
    account: 1232047,
    symbol: 'XBTUSD',
    timestamp: '2019-09-13T14:02:49.812Z',
    clOrdID: '',
    orderQty: 46,
    side: 'Buy',
    price: 10304 },
  { orderID: '300b08b2-e1af-99c3-627f-2eaeeeca34bf',
    account: 1232047,
    symbol: 'XBTUSD',
    timestamp: '2019-09-13T14:15:36.991Z',
    clOrdID: '',
    orderQty: 45,
    side: 'Buy',
    price: 10292 },
 ]

And they're currently  at a loss of ~150 dollar price points.

You failed to predict the market, and now you're simply waiting for Bitcoin to recover before closing your trade.....
You can only do this so many times before an actual crash liquidates you, or at the very least suffer severe losses..

Again- i refer to reggiebot, where the exact same strategies lead to the liquidation of the entire userbase. https://bitcointalk.org/index.php?topic=5025195.40

2. How can you even think to make 100k trades in a few hours when backtest data says 600 trades in 20 months? This bot is a market maker which is severely limited from trading during manipulations. You probably don't believe in market manipulations either, nor how they are very common and used to create liquidity in critical areas. I could go deeper into the mechanics but you would just say that i'm typing strong keywords at random like always.

Or referring to your imaginary trades.

[CryptoSparks]

You can't just make 20 small trades and call it a win.. That's not how this works. That's not how any of this works.
All those wins can be ascribed to pure luck, and prove, in statistical terms, absolutely nothing.

4. Arakne's last trade was on 13th September, a nice 1.7%. If she didn't trade during this period is because some of her anti-manipulation function triggered and is waiting for the perfect opportunty to enter and start her marketmaking in a safe enough range. Safe is SLOW! That's how this bot has 96.5% win rate.

No, that's not how this bot has a 96.5% "winrate"

That is simply due to the fact that you double down whenever a buy order goes under water. You're applying the martingale strategy with your funds, and, most importantly, simply waiting for Bitcoin to recover.
Anyone can do that themselves. They absolutely do not need you for that.

4. Arakne's last trade was on 13th September, a nice 1.7%

such an obvious lie.

These are actually the last trades

{ orderID: '3b2efbe3-d1b0-1027-0274-2b8630fdac4d',
    account: 1232047,
    symbol: 'XBTUSD',
    timestamp: '2019-09-13T13:29:10.064Z',
    clOrdID: '',
    orderQty: 202,
    side: 'Buy',
    price: 10324 },
  { orderID: 'f8f5f4f8-f1e7-d49b-dea4-63b6147982d6',
    account: 1232047,
    symbol: 'XBTUSD',
    timestamp: '2019-09-13T14:02:31.552Z',
    clOrdID: '',
    orderQty: 96,
    side: 'Buy',
    price: 10314 },
  { orderID: '87b6f0f0-3611-d800-0257-82605ac1ccb5',
    account: 1232047,
    symbol: 'XBTUSD',
    timestamp: '2019-09-13T14:02:49.812Z',
    clOrdID: '',
    orderQty: 46,
    side: 'Buy',
    price: 10304 },
  { orderID: '300b08b2-e1af-99c3-627f-2eaeeeca34bf',
    account: 1232047,
    symbol: 'XBTUSD',
    timestamp: '2019-09-13T14:15:36.991Z',
    clOrdID: '',
    orderQty: 45,
    side: 'Buy',
    price: 10292 },
 ]

And they're currently  at a loss of ~150 dollar price points.

You failed to predict the market, and now you're simply waiting for Bitcoin to recover before closing your trade.....
You can only do this so many times before an actual crash liquidates you, or at the very least suffer severe losses..

Again- i refer to reggiebot, where the exact same strategies lead to the liquidation of the entire userbase. https://bitcointalk.org/index.php?topic=5025195.40

2. How can you even think to make 100k trades in a few hours when backtest data says 600 trades in 20 months? This bot is a market maker which is severely limited from trading during manipulations. You probably don't believe in market manipulations either, nor how they are very common and used to create liquidity in critical areas. I could go deeper into the mechanics but you would just say that i'm typing strong keywords at random like always.

Or referring to your imaginary trades.

1. Is it possible that i might know better than you how my work field works? Especially after i had to explain you api, api key, basic market behaviors , quant shop meaning and so on. I admit not be an expert as you guys on all of this forum's feature.. simply because is not my job and i don't have to.

2. This how it works: once you understand how the markets and manipulations work, you start building an algo and a money management system where rewards are bigger than risks over a long period of time. how can you do that? you can launch a basic version of the algo and wait at least a couple years for data to be accurate and get rekt because you face sharks with a fork. what's a better option? you build a backtest engine very very accurate and then you backtest the strategy over a period of years in just minutes. this allows to "mature" the algo very fast, and it works because everything in the market is a cycle that repeats over and over again. Have you heard " history repeats itself" ? Thats why you will never take down arakne, is built from scratch to be profitable long term and is baked by 600 trades in backtest. 24 real one since launch early this month can be backtest accuracy or luck, i guess time will tell right? I just hope you understand that you are not challenging me, you are challenging the ability of markets to repeat themselves during history.

3. Last trade was +1.7% , i don't understand what you mean with

And they're currently  at a loss of ~150 dollar price points.

since the trade closed 7 days ago  

TRADES UPDATE
13th September 2019

5 WIN - 0 LOSS  ROI: +1.7%

4. This is a screenshot of the demo account balance, the days with negative RealisedPNL are when the bot triggers the 1 contract fast trades to avoid the crashing because of the endpoint bug. Do your calculation and you will see that is +9.7% since launch



5. is mathematically impossible to get liquidated with arakne's money management. avg risk involved per position is 5% while the max loss is 32%. Only a huge bug like, not placing a stop, could liquidate the account. those kind of bug either happen right at the beginning or they dont


6. build your bot and show me better backtest or at least positive over a period of at least 20 months. i know you wont because it took me a long time to find the key to avoid manipulations and i'm into trading since 2013 . Tell me what you see here


7. from the one pager:

There's no other way to average down a position other than buying when on the way... and this is just perfect for markemeking since you actually need to act as support at different levels. martingale is like a knife, if you give it to kids  they will probably get hurt

[FruitsBasket]

I voted for oppostion on this flag because I fully trust my API key in OP his hands. I don’t understand all the hate on the OP his bot. I am using his arakne service and I am fine with the risk involved. I am not going to deny he cant liquidate all my funds, but that is the risk u have to take. Same thing as when u copytrade or let some company do the investing for you. There are always risks involved.

About the private key thing. API key is not a private key since it is not from the bitcoin blockchain, but from your Bitmex account. So basically the API key is a secret key for your bitmex account, not the btc that is in that account. So yes you OWN your account with the API key, but the funds are still on bitmex. I understand the confusion here. Because you can also say that the API key is access to the bitmex funds in the account. In this case u also have to trust Bitmex with your funds. So its not a real private key to the btc network.

If anyone wants to have my read only key send me a PM. I will be happy to help confirming I am a legit user of the service provided by the OP.

[suchmoon]

I understand the confusion here.

There is no confusion. The OP is lying and misrepresenting the risks. He claimed that the API key "can act" as a Bitcoin private key so many times that there is zero room for any confusion.

[CryptoSparks]

I understand the confusion here.

There is no confusion. The OP is lying and misrepresenting the risks. He claimed that the API key "can act" as a Bitcoin private key so many times that there is zero room for any confusion.

every reply of mine is baked by data and reputable sources. I will stand until death to my definition. I could even build a platform that simply creates a bridge between a previously linked bitcoin private key and the api key of your account on the platform.. the result would be an api key that can do every single thing you could directly do with the private key. why? because an api key is just a tool of authentication . what it can do it depends on the platform that generated it.

An application programming interface key (API key) is a unique string of alphanumeric characters transmitted as part of an API request that authenticate the source of the API request. API keys can be of two types: Public API key and Private API key.
The API key often acts as both a unique identifier and a secret token for authentication, and will generally have a set of access rights on the API associated with it.

WIKIPEDIA



In very simple words, an API key identifies you on the service platform that generated the key. (instead of using email and password uses the key to log in)
An API key can be anything and do anything, simply because it depends on what kind of API generated it, but usually is used for remote access and data tracking.

Likewise crypto wallets, there are public and private API keys with the difference that API keys are more like tools that adapt based on your needs.
For example, if you want to give access at others to selected data/privileges, you simply need to create a Public API Key which authenticates them to access your account and do nothing more than what you allowed. On the contrary, if you want to give full privileges and access to all data , you would create a Private API Key, which of course should be for your use only.

Another important difference is that API KEYS can be disabled and enabled at will, which is something very handy.



API KEYS IN TRADING:

API Keys are very handy when trading, even if you are still trading in frontend, and know nothing about programming, you should always have a private key enabled and stored securely offline, just in case anything bad happens to the frontend of the exchange and you urgently need to entry/exit a trade or even worst you locked yourself out(2FA rekt)... having the API Key allows you to have a way back in the account via terminal.

Usually exchanges offer the following privileges settings for API Keys:
- Order ( you can create and cancel orders via key)
- Cancel (you can only cancel orders via key)
- ReadOnly ( you can only read unencrypted data, such as balance/trade history/orders/markets data via key but you can't interact with any)
- Withdraw ( you can send a withdrawal request which still needs to be confirmed via email)
- CIDR (useful for ip filtering , read more here)

API KEYS are also commonly used by big Brokers, Hedge Funds and Quant Shops to safely manage their clients' capitals without having direct access to the funds.

[nutildah]

I understand the confusion here.

There is no confusion. The OP is lying and misrepresenting the risks. He claimed that the API key "can act" as a Bitcoin private key so many times that there is zero room for any confusion.

I could even build a platform that simply creates a bridge between a previously linked bitcoin private key and the api key of your account on the platform.. the result would be an api key that can do every single thing you could directly do with the private key. why? because an api key is just a tool of authentication . what it can do it depends on the platform that generated it.

You were specifically talking about BitMEX API keys, which do not act as bitcoin private keys no matter how far you want to stretch the definition. You are now changing the context of what you were previously talking about in order to avoid having to admit you were wrong.

You can build a platform to use bitcoin private keys in any manner you'd like but its not the same thing as BitMEX API keys.

[CryptoSparks]

I understand the confusion here.

There is no confusion. The OP is lying and misrepresenting the risks. He claimed that the API key "can act" as a Bitcoin private key so many times that there is zero room for any confusion.

I could even build a platform that simply creates a bridge between a previously linked bitcoin private key and the api key of your account on the platform.. the result would be an api key that can do every single thing you could directly do with the private key. why? because an api key is just a tool of authentication . what it can do it depends on the platform that generated it.

You were specifically talking about BitMEX API keys, which do not act as bitcoin private keys no matter how far you want to stretch the definition. You are now changing the context of what you were previously talking about in order to avoid having to admit you were wrong.

You can build a platform to use bitcoin private keys in any manner you'd like but its not the same thing as BitMEX API keys.

Finally a message that has a sense.  It only took 6 pages.

I totally agree that a bitmex api key, even with privileges of withdraw, without access to the email account associated, can't act as a wallet private key. simply because you would still need to confirm the withdraw via email.

Please tell me where i said that a bitmex api key alone can act as a private key of the bitmex's wallet.

Unlike the trolls, i never delete my replies, if i said it is there.

[nutildah]

Please tell me where i said that a bitmex api key alone can act as a private key of the bitmex's wallet.

Not interested in playing word games with you. You keep shifting the goal posts, and again, we're very familiar with this kind of behavior.

This guy summed up the problem with what you are offering more-or-less perfectly:

I have not encountered 1 bot, in the world of crypto trading, that had a proven track record of consistent profitability and was also on sale for the retail public's benefit. If there was any significant alpha factor, the owner of such a bot would be extremely cautious about not compromising that edge by sharing it with the public. You would be the first of your kind in this case, which is highly doubtful, but I'm sure the intelligent traders & investors can decide for themselves.

I understand you are not selling the bot. No need to nitpick that point. But the problem remains: if your bot is consistently profitable enough to offer consistent returns of this-or-that a month, why share it with the public? Why not just compound your own profits and not run the risk of having somebody figure out what your bot is up to?

Furthermore, one point of clarification I'd like is, how do your customers benefit from your account having "market maker" privileges if their accounts do not? A few trades you made that appeared to be a loss may have still been profitable to you thanks to such privileges, but would still be a loss to them. I'm just trying to understand how you reconcile this difference.

[actmyname]

-snop-

Trading is a zero-sum game.

If your bot guarantees to profit, then someone is guaranteed to lose.
If everyone uses the bot, then everyone is guaranteed profit, then everyone is guaranteed losses.

Wait.

[mindrust]

Successful traders don't use bots. The best way to become a successful trader is, doing less trades.

The less you trade,  the more successful you become.

That's why, the best traders are who do zero trades, hodlers.

[CryptoSparks]

Please tell me where i said that a bitmex api key alone can act as a private key of the bitmex's wallet.

Not interested in playing word games with you. You keep shifting the goal posts, and again, we're very familiar with this kind of behavior.

This guy summed up the problem with what you are offering more-or-less perfectly:

I have not encountered 1 bot, in the world of crypto trading, that had a proven track record of consistent profitability and was also on sale for the retail public's benefit. If there was any significant alpha factor, the owner of such a bot would be extremely cautious about not compromising that edge by sharing it with the public. You would be the first of your kind in this case, which is highly doubtful, but I'm sure the intelligent traders & investors can decide for themselves.

I understand you are not selling the bot. No need to nitpick that point. But the problem remains: if your bot is consistently profitable enough to offer consistent returns of this-or-that a month, why share it with the public? Why not just compound your own profits and not run the risk of having somebody figure out what your bot is up to?

Furthermore, one point of clarification I'd like is, how do your customers benefit from your account having "market maker" privileges if their accounts do not? A few trades you made that appeared to be a loss may have still been profitable to you thanks to such privileges, but would still be a loss to them. I'm just trying to understand how you reconcile this difference.

I shift nothing. you guys have made a crusade about a definition that
a- was clearly misunderstood
b- was absolutely not related to arakne's business model. if an api key can act or not as a private key is irrelevant since the only api key the bot needs is a public one with access to only trading.

Luckily you pointed out that this bot is absolutely not for sale, why do i offer the service i'm offering?
Simply because i earn more. Isn't all about that in this world? Compounding the commissions gives me much much higher roi than 500% in 20 months.

Am i scared someone is gonna figure out how it works? no at all. reverse engineer the whole thing is almost impossible. If you spend some time digging in the 600 trades in backtest you can understand the moneymanagement, if you really know the way around markets you could even understand how the nearest resistance and support levels are calculated... but there are dozens of side algos that only track manipulation and breakouts patterns and act as a semaphore for starting the market making. Understanding the semaphore's logic is almost impossible by only looking at the trades

Furthermore, one point of clarification I'd like is, how do your customers benefit from your account having "market maker" privileges if their accounts do not? A few trades you made that appeared to be a loss may have still been profitable to you thanks to such privileges, but would still be a loss to them. I'm just trying to understand how you reconcile this difference.

The bold part is nonsense. All bots run the same source code via the same kind of api key with only "order" privileges-

If you check the balance posted by who tested the bot:

You should move that mirror out of the way then

Really?  Is that the "roasting" I was promised?  You're gonna have to do better than that, son.

While I have your attention, riddle me this:  Why is a quantitative trading programmer begging for money here in the bitcointalk lending board?  The ones I know started earning $125k right out of college, with no real-world experience.  The good ones can earn half a million or more with bonuses.  Something isn't adding up.

And by the way; a vouch from your scammy alt isn't helping your case.  Just an FYI.

False accusation here.

Yes looks like someone is throwing the stone and hiding the hand. He deleted most of his posts. Thanks DireWolfM14, have been a pleasure. I add you to my roasted list, but remember that what happens on the internet stays on the internet. I'm collapsing my replies in a single post so he can't do anything to delete them reporting to a moderator as non-legit ups! There are so many little tricks going on this forum....

I genuinely think it is unfair for the DT people to give u red trust. For what it is worth here are my results of using the Arakne Bot since 2 september 2019.



Edit: I was also very skeptical about this invetsment at first. Now I have daily contact with this user and I trust him with managing my funds on Bitmex. Also he has only API key for trading, not for WITHDRAW.

I think calling this user a PONZI owner is very strange because the funds never are fully in his control or away from bitmex. Anyway there is never a guarantee of profit, but is based on future predictions which have been turning out quite well. I have 100% winrate as of now with his trading algo.

you can see that he has the same final ROI as the demo account: +9.7%
simply because all trades are the same.

actually his roi is even higher, he's at 15% because the demo account wasn't created straight away

Successful traders don't use bots. The best way to become a successful trader is, doing less trades.

The less you trade,  the more successful you become.

That's why, the best traders are who do zero trades, hodlers.

yup, hodlers run the biggest industry of the world. HOW NAIVE are you guys?

Algo bots rule the markets. They accumulate profits until they got manipulated as source of liquidity by whales that understand how they work.

This image says everything:




And this is not only true for bitcoin, but also for the trillions of daily volume of forex,stocks,bonds.

-snop-

Trading is a zero-sum game.

If your bot guarantees to profit, then someone is guaranteed to lose.
If everyone uses the bot, then everyone is guaranteed profit, then everyone is guaranteed losses.

Wait.

Indeed at some point, when Arakne will have enough btc in management(aka enough commissions scheduled  ), the whole thing will go private.
Based on the visibility that this thread gave to the project, that will not take long.  

Also is clear all the people that got owned in this thread, got rekt by the market and think is basically impossible to make money by trading.




2 bln daily volume and over 23k bots online right now and we are all losing money.
 

fucking hilarious

[eddie13]

Based on the visibility that this thread gave to the project, that will not take long.  

I'm not so sure that any press is good press here.. Burning bridges here like you are could be a huge mistake for your project..

Even if you have an excellent bot, you are failing your team miserably with your representation.. IMO..

[CryptoSparks]

Based on the visibility that this thread gave to the project, that will not take long.  

I'm not so sure that any press is good press here.. Burning bridges here like you are could be a huge mistake for your project..

Even if you have an excellent bot, you are failing your team miserably with your representation.. IMO..

As long as a project is legit, any press is good press. I debunked every accusation with facts, there all kind of evidence we are not only legit but profitable.
Who is in the trading world and read my replies, contacted me to know more and were eager to start testing the system.

Btw my dear haters, get ready because Arakne entered the markets. API key will be disabled until the trade is closed.


ALSO


While in here they attack Arakne by saying how impossible is to make money with a market maker bot , they DREAM of doing the same exact thing.

HOW PATHETIC YOU ARE?? SILLY JEALOUS SPINELESS PEOPLE. Good luck building anything with that ignorance and arrogance.

Vispillo stick to eating referrals with you signals groups, let the powerful stuff to who knows his shit.

[FruitsBasket]

For clarification: I received this PM above (screenshot) today. I thought he confused me for CryptoSpark so I DM’ed cryptospark with this image on Telegram. And yet now I again see the bigger picture. Some people attack him in order to create their own bot and promote that. Really childish play for all the people that are involved in this particular FUD attempt and creation of the other algo.

[Vispilio]

For clarification: I received this PM above (screenshot) today. I thought he confused me for CryptoSpark so I DM’ed cryptospark with this image on Telegram. And yet now I again see the bigger picture. Some people attack him in order to create their own bot and promote that. Really childish play for all the people that are involved in this particular FUD attempt and creation of the other algo.

This FruitsBasket guy must really be a basket case, or a very sensitive snowflake...

Read my comments on the situation above, I often commended Cryptosparks for his intelligence, and despite his atrocious attitude and
very controversial marketing tactics , I noted on previous messages he had a few strong insights into algorithmic trading.

It's true I'm a derivatives trader by profession and we develop and enhance several algos each year, I'm often looking to work with talented people who can code trading strategies, including crypto derivatives; it has absolutely nothing to do with Cryptosparks' offer here and what's going on in this thread.

He just started his live trading record, even though he was claiming live results since a few months ago, which has now been debunked,
he needs to greatly improve his professionalism, truthfulness and conduct if he wants a career in asset management regardless of how the drama on this Meta thread plays out...

ps. while typing this comment, I had not even read CryptoSparks' insinuation that we are trying to copy the same thing, must be a new summit in fantasy and daydreaming, this thread is spiraling out of control, CryptoSparks good luck buddy with your delusions, you seem hell bent on destroying what little credibility you have left, looking forward to seeing you with yet another amusing marketing gig soon...

[FruitsBasket]

For clarification: I received this PM above (screenshot) today. I thought he confused me for CryptoSpark so I DM’ed cryptospark with this image on Telegram. And yet now I again see the bigger picture. Some people attack him in order to create their own bot and promote that. Really childish play for all the people that are involved in this particular FUD attempt and creation of the other algo.

This FruitsBasket guy must really be a basket case, or a very sensitive snowflake...

Read my comments on the situation above, I often commended Cryptosparks for his intelligence, and despite his atrocious attitude and
very controversial marketing tactics , I noted on previous messages he had a few strong insights into algorithmic trading.

It's true I'm a derivatives trader by profession and we develop and enhance several algos each year, I'm often looking to work with talented people who can code trading strategies, including crypto derivatives; it has absolutely nothing to do with Cryptosparks' offer here and what's going on in this thread.

He just started his live trading record, even though he was claiming live results since a few months ago, which has now been debunked,
he needs to greatly improve his professionalism, truthfulness and conduct if he wants a career in asset management regardless of how the drama on this Meta thread plays out...

ps. while typing this comment, I had not even read CryptoSparks' insinuation that we are trying to copy the same thing, must be a new summit in fantasy and daydreaming, this thread is spiraling out of control, CryptoSparks good luck buddy with your delusions, you seem hell bent on destroying what little credibility you have left, looking forward to seeing you with yet another amusing marketing gig soon...

Look at the shit talk here:
http://archive.li/mQAdQ

BTW Arakne just made another winning trade. Go hate all you want on the OP. As long as I am making money I am happy. Good luck mr professional trader.

[eddie13]

Good luck shorting the hunnybadger..

I see you barely made out beating the fees by the skin of your teeth on that one.. It looks like a trade that you cut short in the nick of time because it wasn't going your way..
It really isn't all that bad but not impressive by itself..

If that is your trading style then you need to fill 100 trades a day..
If you can make 100 trades a day and make 1-5% on say 65% of them like that, and take small losses like 1-3% on the other 35 or just break even to get out, then you can start making steady compounding gains every day..

To me about the only way a bot would be useful would be for HFT faster than I can trade.. To jump other bots.. To hold both sides of the spread.. To jump your orders.. To get your position back for sale immediately on the books after it hit.. To keep hail mary orders in the books infront of walls..

How many orders is your bot placing per day?
If it isn't placing even 1,000 orders a day then what is it doing? Swing trading?

And your bot held that trade for about an entire hour? Whew, that's a long hold for a small % flip like that.. If I was only looking for 1% I'd only buy it if I though I could sell it back almost immediately..

What % of your capital did you tie up in that trade? IMO that should have been like maybe 20% of your trading capital while you are still using the rest playing the books looking more more hits..

Lets see another 50 filled trades a day for the next 2 weeks..

[CryptoSparks]

Good luck shorting the hunnybadger..

I see you barely made out beating the fees by the skin of your teeth on that one.. It looks like a trade that you cut short in the nick of time because it wasn't going your way..
It really isn't all that bad but not impressive by itself..

If that is your trading style then you need to fill 100 trades a day..
If you can make 100 trades a day and make 1-5% on say 65% of them like that, and take small losses like 1-3% on the other 35 or just break even to get out, then you can start making steady compounding gains every day..

To me about the only way a bot would be useful would be for HFT faster than I can trade.. To jump other bots.. To hold both sides of the spread.. To jump your orders.. To get your position back for sale immediately on the books after it hit.. To keep hail mary orders in the books infront of walls..

How many orders is your bot placing per day?
If it isn't placing even 1,000 orders a day then what is it doing? Swing trading?

And your bot held that trade for about an entire hour? Whew, that's a long hold for a small % flip like that.. If I was only looking for 1% I'd only buy it if I though I could sell it back almost immediately..

What % of your capital did you tie up in that trade? IMO that should have been like maybe 20% of your trading capital while you are still using the rest playing the books looking more more hits..

Lets see another 50 filled trades a day for the next 2 weeks..

Almost regretting spending my last merit on you !  

Jokes a part:
1. Please remember that a market maker job is to earn the fee rebate. we don't have to pay the fee, we earn them!

2. You can see first trade got closed in 10 minutes, how long it takes to close a position it depends on the market

3. 1000 orders per day? How could that be possible if backtest shows 600 trades in 20 months?

4. We don't need anything more than what achieved in backtest, and 11% in less than 3 weeks with 28 wins in a row is on schedule.

5. i never promised huge rois, the whole bot is market as SAFE AND SLOW

6. The max exposure during that position was 4% of all capital

7. There are many bots for different purposes. Arakne is a market maker severely limited to trade during manipulations or breakouts

8. Shorting or Longing doesnt make a difference when you are playing with odds in your favour

9. To know how many trades are made per day you should head over Arakne's thread since all trades are posted there

[FruitsBasket]

For the unbelievers, I have to share my status of using his Arakne bot. Back to back winning trades by CryptoSparks his bot. I want to thank you for running this bot on my bitmex account. My advise is to ignore the haters from now on. You know what they do: FUD and tell everyone it is a scam and than they develop their own bot as showed in the images. Funny that jealousy makes people do this kind of stuff.

Trading is always risk vs reward. Until now I am still very glad I had opportunity to use his bot. Everyone here reading this. Decide for yourself if you want to use his service or not, I really don't care. Only thing that bothers me is the always constant negative bullshit he gets for his efforts.



Happy trading everyone