Trading challenge

saor

saor

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Anyone keen on picking a small amount (R500 - R1000) to trade with and seeing how far each of us gets with it? Be cool if everyone regularly shares what they're doing. Don't need any rules, will just be a fun way to learn more and see how other people trade.

Or not.
 
Good idea. I'll join you a bit later once I go live. I'm an index and FX daytrader and set up my demo account for crypto trading this morning. I want to see if the technicals I currently use will work on crypto before I put real money into this. I'll be testing a simple MA or EMA crossover on the 15min charts to start off with. Some backtesting this weekend showed a few opportunities.

**Edit: Attached is an example on a 4H chart to illustrate what my thinking is: Each rectangle indicates a potential trade. Green is an entry (long or short) after the cross and on confirmation. Red would be an exit. Black is a trade not taken due to lack of confirmation. Exits are more profitable when taking previous price action into consideration, not indicated here. Pro's of a system like this are good wins if you get in on a trend. Con's are you need to be disciplined and apply strict risk management (2% max or up to 5% if you have the appetite). Choppy markets will frustrate the hell out of you and cause some drawdown. BTC, ETH, Litecoin and Ripple seem to be correlated, so I would not trade more than one at a time. Statements made with recent data, not much back or forward testing.
 

Attachments

  • BCHUSD-4-hours.png
    BCHUSD-4-hours.png
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Chumley said:
Good idea. I'll join you a bit later once I go live.
Click to expand...
Cool - be interesting to see your angle on trades with your FX experience.

I think the only think is no consolidating with other investments; the amount we start with is used exclusively by itself and profit can only come from this initial amount and subsequent earnings.

I'm not too worried about how much we start with - I'm just going to go from fiat straight into ETH via luno at market rate.
 
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Would like to join but just don't but often don't have time for trading and I think my bot would be a tad cheating.

Be interesting to see the results you guys get at the end of this.
 
acidrain said:
Would like to join but just don't but often don't have time for trading and I think my bot would be a tad cheating.
Click to expand...
Could also do a long trade...doesn't need to be day-trading. I'm thinking of starting with a low-cap project, wait for it to break out and go from there.
 
acidrain said:
Would like to join but just don't but often don't have time for trading and I think my bot would be a tad cheating.

Be interesting to see the results you guys get at the end of this.
Click to expand...
Hmmm...I actually don't mind the bot (if it's just you...don't really want everyone and their bots joining). So long as it's only using the amount of money allocated to this challenge and doing exclusive trades with that money and it's profits - I see no issue. I'd rather you use the bot and participate than not participate at all. Will be interesting to see how the bot profits compare to the rest of us. Obviously there's no need to post every micro-trade the bot does.
 
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saor said:
Hmmm...I actually don't mind the bot (if it's just you...don't really want everyone and their bots joining). So long as it's only using the amount of money allocated to this challenge and doing exclusive trades with that money and it's profits - I see no issue. I'd rather you use the bot and participate than not participate at all. Will be interesting to see how the bot profits compare to the rest of us. Obviously there's no need to post every micro-trade the bot does.
Click to expand...

Well I'll just make a mark when you guys start and can see the % gain results at the end. I'm more interested in the comparison than the actual participation.
 
Starting amount: R1000 --> 0.201 ETH

Buy order placed on DRGN at the arrow.

Maybe being a bit optimistic at that price, might change as the week progresses. Also just realised majority of volume for this is BTC/DRGN...eh, will keep an eye on BTC chart and adjust to suit. First trade will need to be ETH trading pair else BTC will eat too much of my ZAR with transactions etc. Will maybe trade out to BTC if I plan to trade further on this exchange.

ETH/DRGN chart here: https://www.kucoin.com/#/trade/DRGN-ETH

DRGN.png
(100 MA, not 100 day - was in 8HR chart)
 
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[MENTION=175183]saor[/MENTION] - you still keen to proceed?

> I have discarded my earlier moving average crossover idea - the drawdowns are horrific.
> I'll try a swing strategy on the Daily, 4H and possibly 1H.
> Here are my initial thoughts and I will enter if my criteria are met and with my regular risk management on a $1k account. I don't have much experience with the exchanges so I'll stick to a derivative for now. The spread is about 5 points so some investigation on the costs will have to be done.

BTCUSD4H.jpg
 
Last night I checked the 4H 30 prior to the 18h00 candle close at 22h00. Chart below:

BTCUSD.jpg

This morning we're back at a confluence zone and I am waiting for a break, which at this stage, looks likely to be bearish. Let's see how it plays out today.

BTCUSD_20180511_6AM.jpg
 
Hmm. Charts are hardly visible and look kek. What is the best way to get them to display clearly?
 
Let's see if the chart looks better this time around.

Confirmation that we are still in a downtrend and I have plotted a possible short setup so that I can test my stop loss and see how price reacts at the levels plotted on the way down. This is not a reversal trade, so I am not trading this, purely for observational purposes.View attachment 520501


https://imgur.com/a/LhSKXys
 
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Chumley said:
Hmm. Charts are hardly visible and look kek. What is the best way to get them to display clearly?
Click to expand...
Upload to IMGUR and post the image link here.
On mybroadband: Insert image -> From URL > Uncheck 'Retrieve file...'

Chumley said:
[MENTION=175183]saor[/MENTION] - you still keen to proceed?
Click to expand...
Sure.
Will update later :).
 
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Update on the bot performance trading Siacoin with ETH/SC pair on Bittrex:

Started 04/04/2018
Siacoin - 72000 @ $0.0106

Current 11/05/2018
Siacoin - 119000 @ $0.019
 
So....picking new & volatile coins comes with risk.
DRGN took a dive after some negative news...

zgQRen1.png


Started with 0.201 ETH.
Exited DRGN at a loss with 0.178 ETH.

Kucoin exchange doesn't have stop-loss so decided not worth the risk and moved across to another exchange.
Entered into NULS & currently up 20%. So sitting at around 0.214 ETH.

PuaJZCD.png


I'm going to ignore the ETH/ZAR value - it's almost doubled since I entered so the value of my ETH is nearly R2000. But I didn't trade that; the only thing I'm really looking at is how much the initial ETH value (0.201) goes up or down.

So currently at 6.5% profit.
 
acidrain said:
Update on the bot performance trading Siacoin with ETH/SC pair on Bittrex:

Started 04/04/2018
Siacoin - 72000 @ $0.0106

Current 11/05/2018
Siacoin - 119000 @ $0.019
Click to expand...
Would you mind posting your starting ETH and current ETH?
 
Been a bit quiet in here. I thought I'd share what I've been up to:

I decided to automate my Crypto trading so that I could take advantage of the 24/7 cycle. With FX, I only trade certain sessions, but there's always a trade to be made in Crypto. I have a bot that runs 24/7 on a VPS and I run a combination of Tradingview scripts and my own bot settings. My aim is to increase my base (BTC) and I think the system has worked quite well in this market. I'm going balls deep in the coming weeks, topping up to 2BTC.
512b2bccd11c9205bf0fdf681656835b.jpg
8aae5515b46eeb95b3b56b84884d71b9.jpg
 
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