1Anno·

Bitcoin Trading Program

Hey guys, I have written an automatic trading program for the $BTC (-0,7%) program. I wanted to ask if anyone has had any experience or uses one themselves. I have 5000€ as realistic margin and a 1:5 leverage. I've been backtesting it since 2018 and I have to say that I'm very happy with the returns. It cushions the downs quite okay. #bitcoin
$BTC (-0,7%) I am at approx. 133k. Don't take me apart too much ;)

33 Commenti

Das_Bürschchen@Levi11

1Anno

Interesting to do this again in detail in a large post

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Jim@wealth_navigator_64

1Anno

@Levi11 I could do it if people are interested

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DonaldTruck@DonaldTruck

1Anno

Interesting would be when in 2018. there are entry points where you would have done better with buy & hold 🫣

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Jim@wealth_navigator_64

1Anno

@DerBofrostmann I have done the same with the NASDAQ since 2005 and achieved similar returns

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Ph1l1pp@Ph1l1pp

1Anno

@wealth_navigator_64 similar return as the nasdaq or what? Then the bot is of little use

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Jim@wealth_navigator_64

1Anno

@Ph1l1pp I also tried it in EUR/USD and achieved similar returns

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Jim@wealth_navigator_64

1Anno

@DerBofrostmann I made 30k from 3000€ without leverage over 1 year in the backtest.

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Jim@wealth_navigator_64

1Anno

Il commento è stato cancellato

Ph1l1pp@Ph1l1pp

1Anno

@wealth_navigator_64 then you've done everything right. GG

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Carsten@Carsten1970

1Anno

Very cool. I like people who just get on with it and "do" something. Whether it turns out well (which I hope) or not (which I don't hope). The important thing is simply to "do". Because if you don't do anything, you can't achieve anything

Good luck with the BOT and keep us up to date.

Carsten

PS: Happy holidays to all.

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Jim@wealth_navigator_64

1Anno

@Carsten1970 hey, thanks. I'm having a lot of fun with it, even if it doesn't work out, I've learned a lot

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Ph1l1pp@Ph1l1pp

1Anno

I think buy&hold would have performed better in that period 😂

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Assets@Assets23

1Anno

What exactly do you do? Do you trade in crypto?

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Jim@wealth_navigator_64

1Anno

@Assets23 yes I plan to do that, I am currently writing and optimizing a program that trades for me and so far it looks very good in the backtest.

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Tenbagger2024@Tenbagger2024

1Anno

You are MEGA. A great developer

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Jim@wealth_navigator_64

1Anno

@Tenbagger2024 How am I supposed to understand that now? :0

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Tenbagger2024@Tenbagger2024

1Anno

@wealth_navigator_64
I think it's great what you've done. You are very innovative.

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Tenbagger2024@Tenbagger2024

1Anno

@wealth_navigator_64
I think it's great what you've done. You are very innovative.

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Tenbagger2024@Tenbagger2024

1Anno

@wealth_navigator_64
I think it's great what you've done. You are very innovative.

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yieldhunter@randomdude

1Anno

I still don't understand what the system is. The screenshot looks like you are simply smoothing the price history. Can you describe this in more detail?
It also seems important to me to consider the tax implications of crypto trading. Have you included this in the model?

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Jim@wealth_navigator_64

1Anno

@randomdude hi, this is the backtest the green is the capital and the blue is the account balance. The tax should actually be done by the broker as there are some who pay taxes automatically

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yieldhunter@randomdude

1Anno

@wealth_navigator_64 Yes, but even if the taxes are paid automatically (which is usually not the case because Bitcoin profits are capital gains that are taxed at the personal income tax rate for < 1 year) you still have to take the taxes into account in the backtest. Since the holding period in your trading model is probably always shorter than one year, B&H could be better because of the tax advantage.

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Jim@wealth_navigator_64

1Anno

I did the math, but I make about 150% in the last month with the program.

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Jim@wealth_navigator_64

1Anno

@randomdude I also said that it works with bitcoin, but also with the NASDAQ and currencies, gold, etc. The tax issue is on the back burner for now

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yieldhunter@randomdude

1Anno

@wealth_navigator_64 Okay, then you almost don't care about the taxes 😅
Something else: Where do you trade and which interfaces do you use?

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Jim@wealth_navigator_64

1Anno

@randomdude on Metatrader 5, and then just any broker to it

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LoneMelone@TradingMelone

1Anno

@wealth_navigator_64 then just sell your program to a trading floor and retire

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Jim@wealth_navigator_64

1Anno

@TradingMelone I don't want to sell anything. I just wanted to know if anyone has had any experience with it

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LoneMelone@TradingMelone

1Anno

@wealth_navigator_64 yes and i'll tell you if it works like this sell it nem tradingfloor.... You can already see from the percentages that it can't work...

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Jim@wealth_navigator_64

1Anno

@TradingMelone so trading is a scam????

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