Topic: "HCP's ongoing experiment of the BotHIVE.io Trading Platform"™ - page 5. (Read 2562 times)

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.

#learningasitruns
#isaidbacktestsmeannothing

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

#wherearehisauppertersnow??

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

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

Ha ha ha

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

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

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).

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"

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!

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".

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

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


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.

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.

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

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.

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!

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)...


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...


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

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.

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

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!

you've done an excellent job providing this real data, thanks. i just want to add that your data is somewhat biased. because it seems to me that each time that the market starts moving in another direction (that the bot is not designed to handle) the owner shuts everything down to prevent further losses. that means the real losses should be a lot higher than this if the bot ran without interference.
additionally as the market trend changes and we see more of the same market direction, i'd expect the bot to either shut down more regularly or the losses grow drastically.

That's another thing CryptSparks was lying about. He was claiming that liquidity is not a problem and that his 900 BTC backtest bankroll was legit. In reality it looks like even the relatively small accounts had different results because of how/when the trades were submitted.

Or what eddie13 said LOL. I can imagine CryptoSparks sitting there and pressing a button manually.

I guess the best answer is "sort of"... As near as I can figure, the bot bases the "size" of the trades on your balance etc.

So, for the most part, the "sizes" of the trades are "relative" to what your individual balance was/is... and of course, some users have biggers/smaller overall percentage losses because they started up at different times. I hit a nice little 15% increase right at the start of my trading, so then when the big 30% loss came, it only put me at about 20% down from my initial position. Someone who started a day or 2 after me, would not have had that initial boost, so would be suffering more. Likewise, someone who had started a month before more, would be in a better position.

As for the timings.... They seem to be "the same", making allowances for timezones and latency... at least, from what I've seen of publicly posted trades. Like the differences in timestamps between my trades and guigui371's trades for the last batch seem to be measured in seconds (generally 1 or 2)... Note that I am assuming the 11hr difference on the timestamps is simply the result of different timezone settings.

There are some subtle differences, like a trade in guigui371's that I don't have... where an order got amended at "6:46:11 PM"... not sure why mine did not? Possibly the VPS I was on didn't get the same trading info so didn't move?