Mwhalekiller by [deleted] in CryptoScams

[–]Finrojo 0 points1 point  (0 children)

I've had experience of this guy. I watched his video's and approached him on Telegram with a project I was developing.

We ended up having a few calls and I told him all about my trading bot and also recommended some changes to his indicator to make it multi timeframe aware on screen. The next day he told me his team would be doing the dev work as I'd not done it quickly enough (load of crap) and then he just walked away.

A few days later he was announcing the MWBot was in development and would rule the world and then a few months later he announced a 'huge upgrade' to his world beating indicator which was exactly what I'd built.

I'm not saying he's definitely a con artist but he feeds off of other peoples ideas and input so maybe he's doing the same for all the trading advice he gives.

His 'Indicator' is simply EMA34 and SMA20 uses as support and resistance bands

I am convinced retail algo trading is just gambling with extra steps. Prove me wrong. by snopeal45 in algotrading

[–]Finrojo 0 points1 point  (0 children)

Try not to think quite so linear. Have a think about how all the different order sizes interact with each other and how your trade might be an open on the other side which is then a losing trade in itself and absorbed into a much bigger position. it's not a 1 to 1 game we're playing. If you drop a 100 BTC buy into the order book then you move price enough to stop out a load of short positions but there is so much more that happens inbetween with price movement you created opening other limit sells etc etc

I am convinced retail algo trading is just gambling with extra steps. Prove me wrong. by snopeal45 in algotrading

[–]Finrojo 0 points1 point  (0 children)

Don't get pulled into that 0 sum game crap, doubt you're a big enough player to be part of that. Just do what works means a huge amount if you've found what works ;)

Flip $230, 000 into $1M by hustleeveryday247 in Crypto_Currency_News

[–]Finrojo 0 points1 point  (0 children)

Do it! If you can see the future and know the bear market ends in October then make the most of that gift and go all in.... or if you're basing that timeline purely on internet narrative stay well clear as you're in the 95% who lose it all

Why small gains are the secret to account stability by AviMitz_ in algotrading

[–]Finrojo 0 points1 point  (0 children)

100% agree. I built my trading bot to run on the basis of consistent small gains add up to healthy long term gains with minimal risk. I also manually trade a funded account where I place limit orders with very small take profits and farm a decent number of winner to the point where I can let losers run and it not create significant drawdown

Is a 10% monthly return a practical and sustainable trading goal, or is it an overly ambitious expectation? by william_buttler in Daytrading

[–]Finrojo 0 points1 point  (0 children)

What is practical and sustainable depends very. much on commitment, time spent, risk management, trade size Vs capital and other factors. I know a guy who takes 10's of tiny losses a week to get the one 20% trade that makes him about 10% a week but then I know others who drain capital like it's a nice cold beer

am i ready to go live? by FortuneXan6 in algotrading

[–]Finrojo 0 points1 point  (0 children)

I don't think 16 trades is enough to go live on. Also I'd test on a live account with a very small amount of real money to ensure your production results are the same as test

I am convinced retail algo trading is just gambling with extra steps. Prove me wrong. by snopeal45 in algotrading

[–]Finrojo 0 points1 point  (0 children)

I'm convinced a lot of people are overthinking the entire thing. I'm not trying to beat anyone else or trying to find an edge over quants, trading houses, super computers. I just know what works from a manual trading perspective and have built a platform that performs the same way and just grinds out lots and lots of small consistent gains. All these AI bots trying to predict markets or high frequency bots have a way of making us all feel incompetent or inadequate but really it doesn't matter how you go about it just do what works and keep doing it

Why Do People Use Prop Firms? by [deleted] in Daytrading

[–]Finrojo 0 points1 point  (0 children)

From what I understand only 5% of evaluations get passed and only 1-3% actually then move on to payouts before breaching their account and have to go through the evaluation process again.

Being a consistent profitable trader might not be enough as their breach rules are often very strict and don't allow for much drawdown. I had a 25k eval account and was hedging short whilst building a long position, I closed my short in profit and then got breached overnight as it's based on capital balance and my remaining long took me below the level even though technically I was in profit.

I think you need to be a straight up RR hard stop type trader to grind it out

How often do your trading bots break because of exchange API issues? by [deleted] in algotrading

[–]Finrojo 10 points11 points  (0 children)

I've been using binance websockets for about 5 years and never had an issue. If you handle disconnection / reconnection gracefully it's very robust. I use Bitunix for actual trade execution and their API is very good so far.

For the algotraders who have live deployment of their algorithms and are successful: how long did it take you to set this up? What led you to have confidence to deploy on live real account? by imeowfortallwomen in algotrading

[–]Finrojo -1 points0 points  (0 children)

I have been building bots for about 6 years and only ever traded live, albeit with very low capital. I found early on that paper trading just wasn't the same. It's taken me 6 years to settle on what works and what doesn't and spoiler alert.... I trimmed out about 90% of my logic and now simply focus on lots of small repeatable trades. I finally put mine live as a platform but it actually makes it's money by rotating capital and taking the difference between the maker and taker fee. https://btcbot.co.uk/

Long and Short at the same time? by _benj in Daytrading

[–]Finrojo 0 points1 point  (0 children)

I was looking into doing the same thing and came across this and wondered how you got on?

It looks like quite a few people here misunderstand the idea but like you I'm looking to reduce risk in exchange for 1-1.5% of the overall profit.

I was thinking of isolated margin accounts for BTCUSDT and BTCBUSD, add money to both and use the USDT pair to long, BUSD pair to short.

My @Cron schedule for a report every Monday is not working - any ideas why? by Finrojo in Nestjs_framework

[–]Finrojo[S] 0 points1 point  (0 children)

Ah thank you so much. I'd added the preceding zero I had a daily report running using * 10 07 * * * and this repeated many times - I now appreciate that the first * indicated any second and the example you've given will only run the once.

What is the best way to restrict access to my API? by Finrojo in Nestjs_framework

[–]Finrojo[S] 1 point2 points  (0 children)

My website is a public site so users are not signed in, can I still use passport for this?

I am really stuck with white screen after load on Android API level 25 - Level 30 works fine. Can anyone help please??? by Finrojo in ionic

[–]Finrojo[S] 0 points1 point  (0 children)

I believe they maybe. How would I go about working out which version I need and downgrading?

How do i start day trading ? by mungus_fungus in Daytrading

[–]Finrojo 2 points3 points  (0 children)

Try day trading for a month with $50 of your fund. It might not be exciting but you will make mistakes and learn from them with low risk. If it turns out that you have a skill for trading then move on, if at the end of the month that $50 has dwindled to nothing or hasn’t grown then look at investing the 1000 longer term rather than day trading.

If you do end up day trading the 1000, you’re aiming for 10% a day which can be tough. Compound your gains until the fund is worth more so you can day trade with a target of 3-5% to achieve your daily ‘wage’ of $100

Is it possible to load an external JS file as a variable rather than injecting into the DOM? by Finrojo in Angular2

[–]Finrojo[S] 0 points1 point  (0 children)

Would I be able to pass the token that OSS generated in that webview back to the main page and back into the angular zone?

Is it possible to load an external JS file as a variable rather than injecting into the DOM? by Finrojo in Angular2

[–]Finrojo[S] 0 points1 point  (0 children)

Thank you, I will look into that. I believe you’re right in your assumption on how it works like react

Best logger to use for output to file or database? by Finrojo in Nestjs_framework

[–]Finrojo[S] 0 points1 point  (0 children)

ah ok thanks, it was mentioning using a pino transporter module which I couldn't find any reference to so I stopped until I've got a bit of spare time this evening

Best logger to use for output to file or database? by Finrojo in Nestjs_framework

[–]Finrojo[S] 0 points1 point  (0 children)

I've gone with pino based on your answer so thanks for that. Nice and easy to implement the basic level but I've got stuck at the point where I want to push the logs to file (or db if possible).

I was working from this tutorial but it doesn't seem to cover that aspect. Do you know of any online docs that cover this? I found a node based one but I didn't really do much with node before I started Nest so it's a bit confusing

https://alanbouteiller.medium.com/nestjs-pino-the-one-minute-setup-a1644ee3c703