I must say i have tons of feedback and questions
I am blindly following, so i bought CLAM and FLO as suggested.
Will there be a sell signal ? The status is for example neutral for Clam now.
I am blindly following, so i bought CLAM and FLO as suggested.
Will there be a sell signal ? The status is for example neutral for Clam now.
In crypto, you dont know where is the top. Check POT what did in the last days. Gone crazy. I took profit at 100%, then it went up another xxx%. There are no sell signals yet, thats under development. How I decide when to sell? I have a mental stop loss at 30% loss. On the other side, usually I go for 20-50% profit, thats fair enough imho. Your own greed is your enemy! Dont become a bagholder: take profit, dont look back, wait for another trade.
CLAM became neutral because volume and price changed too much in the last days. But there was a buy signal, the algo saw that something was going with that coin. As I see it is accumulating now, 0.0008-0.001 might be the bottom. You can see a trend change on daily in June this year, after that a big spike up to 0.0022. Trading volume rised, so the signal at 0.001 can be profitable.
Personally I prefer low volume coins: daily volume below 50 BTC. When a signal comes, I buy in a small amount and set an order to sell on 30% profit. Easy money. A "fat finger" (someone buys up the order book) effect can give you profit really fast.
But dont forget! This is a tool that helps you trading altcoins. Analyse the chart, check news before following the signal blindly. You might see something that I and the algo dont.
Happy trading!
CIO
Thanks for your complete answer. It is becoming clearer on why you created this site, and how you use it.
If I am right, before developing this tool, you were an intraday trader, checking several times each day many coins and changes in volume, waiting for a quick pump to enter and quit quickly. So the alerts saves you lots of time now. Generally speaking, the site is very well done with high potential if you have a specific system and use.
There are obvious priorities you have already foreseen (statistics, automation and DUMP signal). Nonetheless could you detail what system and type of trading is the tool for, and not for :
1/ PUMP : It seems that the algo looks for a positive change in volume in the 30min-4h-5D-15D last days and a positive price excursion under 50%. I don't need details but could you tell what makes the signal change or even cancel the Pump ? What is in the system the current exit signal : changes in status ? Guessing or profit threshold are best ways to baghold.
Also, one could need a better definition of "status bar" and precise behaviour to follow if status is (Pump/watch/neutral/wall) or if a change occurs and for which timeframe the system is designed. For example, can a PUMP signal lasts only 10 minutes ? and what does it mean ?
You wrote somewhere that after a buy signal, you need to invest in 1h time. Consequently, what do you do when you missed a signal during night-time? Do you enter even if the price is 10% higher or there is strong slippage or spread ?
2/ For others traders or investors, a pump is at least 300%. Lots of traders use only 1D charts, investing rarely but searching for at least doubling the investment and go even X10 to X100 long term. POT was more in this frame. I am not saying one strategy is more profitable than the other. 10% each day is also exceptional. But a 1D strategy doesn't require to check charts more than once a day or be reactive in less than 1h. 15 min to 1h to invest is very demanding.
Have you an idea how to use your site with a longer term strategy, and how you would adapt it ?
I am thinking that the tool could be useful for entry points, the last hours before a pump. For example, I am waiting to enter for the first time in REP (Augur). I really think that the site could be even more profitable with long term signals added. Indirectly, it is what you seems to do when saying to check long term charts before buying, or not exiting even if the signal PUMP disappeared.
3/ I fear that we should be in a global PUMP market, so results would have been less positive, even catastrophic, if we were in dump times. I remember bots, scalp and ping-pong algos wich were highly profitable in 2013 and deadly in 2014. Bagholding is only temporary in a rising market, so you can easily exit. Otherwise, it is fatal !
4/ About VIEWS and rows, +1 for preferred coins or coins only you invested in (Like current filters in Poloniex)
Congrats for your site, you are really on the good path ! I am very eager to see more !
