Bot average performance ? In which conditions ?
FinitechBit token is a utility token that enables you to freely become a member of an active trading education community.
PredicTrader™ (PT) is an
automated application (robot) that enables you concentrate on things you are
passionate about PredicTrader™ Will Teach You How to Analyze Markets
PredicTrader™ is an automated market analysis application (robot) that
constantly analyzes market conditions and takes positions accordingly.
PredicTrader™ will teach you how to do the same. PT uses technical analysis to
find good setups to take positions.
Why Join Fintechbit Group?
Fintechbit group will be teaching members how to trade Bitcoin futures and
cryptocurrencies as well as how to read market dynamics. Facilitated by our
trading robot - PredicTrader™, members will learn how to read and understand
market signal and how to position themselves for maximum benefits from the
newly offered Bitcoin futures and other cryptocurrencies. PredicTrader™ (PT) is an
automated application (robot) that enables you concentrate on things you are
passionate about PredicTrader™ Will Teach You How to Analyze Markets
PredicTrader™ is an automated market analysis application (robot) that
constantly analyzes market conditions and takes positions accordingly.
PredicTrader™ will teach you how to do the same. PT uses technical analysis to
find good setups to take positions.
Technical Analysis is the forecasting of variables’ future value by examination of
past behavior or state of being. Variables can be anything like temperature,
population growth, financial price movements or carbon dioxide emissions.
Technical analysis is applicable to variables where the quality/value/quantity is
influenced by the forces of supply, demand, economic outlook, geopolitical state
of being, climate or natural phenomena. It follows, therefore, that technical
analysis is the method of choice by market participants for analyzing the
markets. Market participants can be traders, investors or students and members
of educational trading groups like Fintechbit group.
Market participants are always looking for ways to minimize their drawdowns.
This is done by finding the optimal risk/reward ratio. Risk/reward is a metric
used by market participants to set how much money they are willing to risk for a
predefined potential gain. PredicTrader™ dynamically sets this ratio depending
on whether the market is volatile or calm. The methods used in this article are
applicable to any market. Fintechbit trading group’s primary focus will be on
teaching members how to position themselves to benefit from Bitcoin Futures
offerings. However, the market used in this explanation is the S&P 500 Emini
because Bitcoin Futures Offerings have just started and there is no past data to
extrapolate from.
The S&P500 Emini is offered in 4 contract months in a year – one contract month
per quarter. The contract month at the time of writing this white paper is
December 2017 - code named ESZ7. For the market explained in the figures below
PT uses a ratio of “Gain of 5 points and Risk of 4 points”. Positions are taken in a
quarter (¼ ) of a point increments. One point (4 quarter points) price movement is
equal to $50 per contract. So for a movement of 5 points in the positive direction,
there is a gain of $250 per contract.
Learn from PredicTrader™’s Characteristics
PredicTrader™ is constantly looking for favorable market setups to take
positions.
What You Can Learn From PredicTrader™ Properties
1. PredicTrader™ is capable of taking multiple positions in the same direction
at the same time.
2. PredicTrader™ dynamically uses simple and trailing stops to reduce risk
and maximize gains. A simple stop order is an order to sell if the current
position is a buy or to buy if the current position is a sell, to get out of
position when the market price is going against the entered position. If
price reaches the simple stop price, the order is executed at the market
price. Market price means "the current price right now". A trailing stop sets
the stop price at a fixed amount below (if it is s a long position) or above (if
it is a short position) the market price with an attached "trailing" amount.
As the market price rises or falls (depending on whether it is a buy or sell),
the stop price follows by the trail amount, but if the price reverses, the stop
loss price doesn't change, and a market order is submitted when the stop
price is hit.
3. During high volatility times – like at the opening bell, PT suspends actions.
PT closes all open positions 30 seconds before the market closes for the
day. PT has preset daily risk limits. PT will suspend trading for the day if
this risk limit is breached.
4. Taking a position on all probable good setups when the limit has not been
reached.
5. Setting it and forgetting it. (You don’t have to do anything once you in a
position).
6. Dynamically changing you positions direction depending on the volatility
of the market.
7. Not taking any position during market peak volatile time periods like the
opening bell.
8. Limiting daily risk to protect your capital.
9. Dynamically switching from simple stops to trailing stops, and vice versa
depending on market condition.
10. Dynamically adjusting the risk-reward ratio depending on market range
(the highest and lowest price differential).
11. Closing all positions just before the market closes.
More infarction in white paper
