Hello, thanks for trying the
BotHIVE.io Beta and our vision for plug and play algorithmic trading without ANY entry barrier. No server costs, No entry fees. No big bankroll required.
I will not start another thread war because that kills productivity , but I would like to just clear out some points that in my opinion can be easily misunderstood .
Platform’s goal is to provide synthetic asset diversification while accumulating highly volatile assets as bitcoin. The idea behind it is to split a Bitcoin trading portfolio and assign a percentage of it to different algorithms that specifically trade different market patterns with the support of constant AI optimisation via genetic algorithms that simulate the natural selection.
This means that after every trade the backtest engine runs again the genetic optimisation trying to learn from what just happened. Not only to avoid liquidity traps but also maximise gains. Then it compares the thousands of different settings generated to see what not only performed well in the past but is also outperforming similar configurations in the present. If new configuration is found, is automatically distributed to all running bots in order to always run with most profitable configuration and backtest charts are updated. The frequency of this event it depends on market itself. We saw shifts in configuration even after a winning trade. Last shift happened after the 6.9k breakout.
Is clearly written that charts are backtests based on current ai optimization and we never claimed anything other than accuracy between engine results and real life ones. This accuracy is easily verifiable because our telegram group with 100 real users is OPEN and trades results are always posted and commented.
With Arakne on bitcointalk we had READ ONLY API KEY enabled, everyone could have accessed the trade history, there were 6 months of 100% win ratio and over 60% net profit before the shakeouts started happening. And yet that wasn't enough either, and i passed 6 months fighting daily with the same users that happily contaminate this thread now. I must say i had some real fun
Anyway point is, no matter what we provide, it will never be enough.
With that said, you are using the platform wrong in the following ways:
1. Running only 1 bot The weaker one with basically 0 synthetic asset diversification. Takes about 2 months for the market maker to recover a max loss (put aside you didn’t deleverage after the loss) while only 2 weeks for Manticore which is a breakout bot. Of course these are averaged estimates based on last 16 months. It really depends on market conditions.
2. Not using any extra stop from start.Currently we are using leverage, is a stop hunting game especially on Crypto. 20% extra stop would have turned 4 out of the 6 max losses suffered since August 2019 in HUGE wins. We have very high win ratio but until we bring support for no-leverage exchanges, 100% win ratio Is simply impossible to achieve. With no-leverage API Keys support, you can trigger a NO-LOSS setting and bots will basically be trading without stops and without the possibility to ever lose. You can get trapped periodically when the “original” algo stop gets hit but that’s why we diversificate among several algorithms. That is the only way to achieve 100% win ratio.
3. Deleveraged after the loss.You correctly set up an extra stop now but you did that after losing without it. Extra stop acts as a deleverage, together with the Max Risk setting, builds up your money management and represents how conservative you are as trader. But from a statistical point of view, after a loss is the best time to either enter a bot, increase leverage or increase capital. The worst things you can do after a loss is : leave a bot and/or wait for it to be in a winning series before joining again, deleverage , decrease capital.
4. TIMINGIn the markets as in life, timing is important.
You do the right thing with wrong timing ? You lose now but win later
You do the wrong thing with right timing? You win now but lose later
You do the right thing with right timing ? You will always win.
That’s a bit silly , but is true. Market psychology applies in the same way but on smaller scale on BotHive’s building ecosystem. We release on a free to try model tools to profit passively but how you use such tools has a big impact on final results. The timing required to profit with BotHive is way less than the constant one required to profit alone on your own in the market. Especially on Bitmex where the frontend is basically LOCKED for “system overload” letting only bots trade in the most critical moments. See how this “feature” is there only to mess with your timing ? On Bothive you don’t need to worry about any of this. Only get the timing of joining a bot right.
For example, 4 weeks ago we launched beta, Manticore did almost +50% first 2 weeks at 32% max risk, then the loss showing in your charts hit, taking away most profits generated. So the users joining manticore from start are still in profit, but users joining manticore right before the loss, are not. Same code, same architecture, different results for different users. What changes? TIMING. Your money management must be there to mitigate this effect.
But we can go even more in depth, what about users that tried the bot for 2 weeks, saw +50% and 10x their bankroll right before the loss? Same concept. Bad timing in increase of capital. I don’t really like quoting Buffett but he’s absolutely right saying
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
There’s only 1 correct timing for capital increase, and is after a loss. But I do understand that human psychology tends to do the opposite.
ConclusionNow that our architecture is up and running, we will keep on releasing for free and to the mass, the most influential algorithms that control the markets.
As of now we are still in beta, a lot of work to do , and with only 2 bots available the synthetic asset diversification offered is not enough. But, no matter the FUD and how well you rank it, BotHIVE.io will keep on developing its technology that besides bringing passive income to its users also helps maturing the bitcoin market making manipulations harder to complete simply because we provide increase in liquidity.
I will not further contaminate this experiment , but I hope you will follow the above advices in order to properly profit from the platform, especially the first one!
Synthetic Differentiation is the point of the platform.
Look at the difference between Aethon's wins and Manticore's ones.
For further support our group is still open and a space of free talk:https://t.me/BotHive
