"HCP's ongoing experiment of the BotHIVE.io Trading Platform"™

[HCP]

Just as a "headsup" to the other "Train Wreck Watchers"™... The bot is back up and running. This update was posted on Telegram:

ARAKNE v2.2 UPDATE COMPLETED ON ALL BOTS.

- reduced aggressiveness near the stop

- faster reaction time on multi-threading functions

All bots are up and running, no action is required.

SUBS INFO

- All subscribers receive 30 days free extension of VPS starting from today 4 jan 2020
- Once platform is released later this month, all current subscribers will receive credit equal to their loss of Dec 2019
- Is highly advised to use such credit in order to properly differentiate your bankroll among the offered bots based on their default risk. You can also configure all bots with your max risk exposure per position preferences, in order to be more comfortable and in control of your account’s trading.

WHAT’S NEXT:

v.2.2 is considered a stable and fully tested version because doesn’t include a couple of the newly developed features. To implement such features, some big changes were made to core elements and this had waterfall impacts on trading behaviour, bots transformed drastically, so several more live trades are needed before releasing to the public that version. Furthermore is a shame to kill this version, most of our users will probably remember the 98 winning strike of sep-nov. v.2.2 is the same bot but faster, with 1 extra anti-manipulation barrier and reduced aggressiveness near the stop.

Will be interesting to see what happens with the next trades... I'm guessing another week or so of "non-trading" while BTC hovers around the $7400 mark... but then, I'm shit at predicting markets and stuff, so who knows we could be $10K by the end of the week!

[LoyceV]

- Once platform is released later this month, all current subscribers will receive credit equal to their loss of Dec 2019

Am I cynical if I expect this "credit" to be meant so you keep risking more of your funds? I assume you can't just withdraw this credit, because the funds don't really exist.

[HCP]

The "credit" is to be used to pay for the profit commission on the new "platform".

I'm kinda interested in seeing how this "platform" is actually setup... My understanding is that instead of claiming 30% of your overall monthly profit, it was going to claim 30% of your "per trade" profit (and why you need to deposit some money directly on the platform)...

you need to deposit 1-2% of bankroll on our platform

once a trade is concluded, the commission is taken from our platform credit and distributed automatically

Which seems pretty fucked up to me if you're making 1-5% gains here and there and the owner is taking 30% of that... and then you stand the possibility of losing 30% of your entire balance, which the owner has no risk in. Owner is going to be making money hand over fist and then the users get "fisted".

Having said that, I vaguely recall that it was going to be setup to only take those trade profits once you were "above your baseline" and actually trading in profit...

Lifetime Free VPS and 0 entry fee on the platform. Automatic commissions and affiliate payouts after every trade with commission cut if global user ROI is negative.

We can't rely on other form of commission since we dont want to add entry fees and monthly payouts can be exploited by users creating new accounts every month. What we can do is keep the business model where we earn only if users earn and incentivize user's recovery if they unuckly start with a loss and go in negative roi since luck can affect short term but not long term

I guess we'll have to wait and see how it is actually implemented... I think I'll keep this experiment running (assuming I still have funds when the platform is up ) and see how it all works... I'm due for a fairly large "credit", so it won't really cost me anything in commissions for a bit

[TMAN]

its all a bit shit really as after you put your money up I actually wanted to be proved wrong as I was tempted to join you in the test!

[o_e_l_e_o]

Which seems pretty fucked up to me if you're making 1-5% gains here and there and the owner is taking 30% of that.

Per-trade profit heavily stacks things in his favor, compared to per-month profit. It means that even in a scenario like we've just seen, where the bot makes an awful trade and ends the month with a 40% loss, he can still skim some money off all the other trades leading up to that. With per-month he gets nothing in that scenario, with per-trade he still gets plenty. There is no scenario where per-trade skimming gives him less than per-month skimming, and it also means he can continue to take profits even when his customers are losing.

Having said that, I vaguely recall that it was going to be setup to only take those trade profits once you were "above your baseline" and actually trading in profit...

Lifetime Free VPS and 0 entry fee on the platform. Automatic commissions and affiliate payouts after every trade with commission cut if global user ROI is negative.

Commission "cut" to what? To 0%? Or from 30% to 25%? Why not say "commission free"? This seems like deliberately vague wording.

if they unuckly start with a loss and go in negative roi since luck can affect short term but not long term

More of this nonsense. Essentially saying you will always end up in positive returns if you just suffer through the losses, which is obviously nonsense.

[HCP]

its all a bit shit really as after you put your money up I actually wanted to be proved wrong as I was tempted to join you in the test!

Would have been cool if we'd all been proven wrong... but alas, no "magic beans" as yet

Commission "cut" to what? To 0%? Or from 30% to 25%? Why not say "commission free"? This seems like deliberately vague wording.

I'm pretty sure it is 0%... note that that was just one specific quote that I copy/pasted from the Telegram chat. It has been mentioned several times, so at this point, I am fairly sure it is "zero commission".

What will be interesting to see is if the cutoff point will be a users "high tide" mark (so once you reach a new "high", you'll only pay on winning trades above that)... or if it will simply be your initial deposit amount.

[TMAN]

he would get some credibility if he asked for the 1-2% of BR to be held by an escrow - that would protect all parties here

[LoyceV]

Which seems pretty fucked up to me if you're making 1-5% gains here and there and the owner is taking 30% of that... and then you stand the possibility of losing 30% of your entire balance, which the owner has no risk in. Owner is going to be making money hand over fist and then the users get "fisted".

That makes sense: his plan to take 30% of monthly profit failed, and taking 30% of all profitable trades almost guarantees him profit. So if you win 10% and lose 10%, you have no profit, but you'll lose 3% of your balance as "commission".

[Tradeout]

Hey HCP,

Any news on new trades?

I might leave my own review after getting kicked from the group/service for complaining about the their attitude towards the 0.027 loss on my account.
Paid my VPS fees and got 20 days with about 2 trades... -27% ROI!

[HCP]

Actually had a small trade today... only a 0.1% gain, as the price pumped a bit too quick and the other orders didn't fill... still, at least the BTC price is increasing overall!






Nice to see a green bar again, but still a long ways to go to "break even"

[Railai]

With all the changes in the last days of the btc price, the profit should've been more. I have read all the topic and only accepting the idea of martignale in trading is a huge mistake. I trade btc/usdt daily with alarms during the night, during my dinner, during my lunch and the way i see the orders done by this bot just offers a certain loss.

Now about the fee, the 3% for the each trade or 30% of the net profit at the end of the month is too much. It should be a tax for use of the bot itself, but the bot has no feedbacks or no specific results.

Unfortunately trading on bitmex with a bot it is not the safest place; more than 95% of the exchange are done with bots that compete. I can recommend some bots if you are interested (you look like an experienced user).

[TMAN]

Where is the Italian stallion? I see he hasn’t been logged on in a while, his cronies (alts) seem to of gone quiet as well.

Funny init, the kid was so vocal and I was seen as the bully but results speak volumes and I am sorry you lost out HCP

[HCP]

Where is the Italian stallion?

Beavering away on the "Platform" as far as I can tell...

In other news, the bot had a small 1.35% win yesterday (0.00082142 in BTC)... and also attempted a trade last night but didn't get filled and the price pumped, then just as the price started to dump again, the trades were cancelled by the bot.









Just need another 35 wins like that and I'll be back near even

[TMAN]

So that’s 3 “win’s” in the last month?  So that’s 12 months till even with not 1 loss??

Ha ha ha

[HCP]

To be fair, the bot was offline for nearly 2 weeks... but having said that, since that first big loss, when the first of the new "algo's" was added, the bot was not active (as you can see from around 5th Dec until the 2nd big loss when it got taken offline)...

Will be interesting to see how it runs until the end of this month... but I still think my "slow motion trainwreck" analogy holds

#suckerForPunishment

[TMAN]

#learningasitruns
#isaidbacktestsmeannothing

Sorry dude this isn’t against you as you know.

#wherearehisauppertersnow??

[HCP]

Firstly, apologies for the delay in reporting the recent activity. I've been on a work trip and being away from home makes doing "proper" updates with pretty pictures and stuff difficult with my phone as I don't carry a laptop and my old Nexus 7 tablet is pretty much only useful for watching Netflix... and it struggles to do that!

Anyway... there was some interesting movements with BTC recently, which saw some "interesting" trading action... and what I thought was the bot appearing to attempt to long and short at the same time... Anyway, it took a small profit one day, but the hangover from it (a filled order that didn't quite make the exit) ended up causing a minor loss the following day (and then 2 non-trading days):





So, it was quite a tidy win at 0.00349183BTC which was around a ~5.67% gain... but then gave up -0.00033995BTC (a minor 0.5% loss). So now, overall, the account balance is sitting at: 0.06472101BTC, which is an overall loss of -0.03527899BTC (-35.28%).


This is the order history for the recent activity:



This is the trade history for the recent activity:



Further updates as and when something happens and/or my schedule allows.

[HCP]

Firstly, apologies for the late posting of this... I've been travelling and away from my PC, and didn't feel like trying to post this on my phone.

As we can see... on Jan 25/26 (depending on timezones) the bot dumped another 0.02082658 BTC... current balance is just: 0.04389297

Bot owner gives the usual "manipulation" excuse...


and more recently...


blah blah blah... You can go read the Telegram if you want to see it all...


Doesn't change the fact that since the beginning of December, I now have overall losses of 0.05610703‬ BTC or -56.1% from the original 0.1!



Order History:



Trade History:


NOTE: my free trial at coinmarketman finished, and I'm not tipping any more money into this than I already have, so no fancy graph give the green and red bars today.


Anyway... I'm bracing myself for all the "I told you so"™ posts... should have listened to y'all

[LoyceMobile]

should have listened to y'all

You can still cut your losses and get out with what's left. Since you consider the entire amount written off already, think of it bonus to have something left.

I still can't believe you're willing to risk this much on something that defies common sense.
It's dropping a lot faster than my 10 month altcoin experiments did!

[suchmoon]

Anyway... I'm bracing myself for all the "I told you so"™ posts... should have listened to y'all

I told you so.

Listen to the mobile AI, get out while you can, there is nothing left to prove. The "bot" has shown the ability to lose money both when the market goes up and when the market goes down. Do you really want to wait until it loses the rest of your money while the market is flat?