AZcoigreachMay 6, 2023
@ecsd I'm just talking the gaines I made since FTX collapsed. I actually faired the FTX collapse pretty well. I'm still down pretty good from the BTC ath.
Show threadecsd

@azcoigreach

I ignore "crypto", currencies anyway. After seeing (1) it is after all who has the most money who can make the most money (2) it's not ecologically sustainable (3) cryptocurrency exchanges raided by governments, I put all that in my "this does not exist in my world" bin. I consider it a fad.

If you've been able to make headway against all that, great. But I presume you watch for signs to exit ("get the hell out fast") like everyone does.

May 6, 2023 at 3:53pmWeb
Show threadAZcoigreachMay 6, 2023
@ecsd No. I don't watch any signs. I have a bot do it. I'm a human and too emotional to trade crypto.
Show threadecsdMay 6, 2023

@azcoigreach

{laughs and laughs}

Hmm, so you're waiting for the day the bot says

"I had to bail, boss; the whole place was turning to shit. Here's your $0.25 net earnings for last month, and I'm outta here."

If you ACTUALLY sustainably make gains, what are you doing?

I had actually downloaded the entire BTC history, but decided that I with my shitty CPUs (like benchmarked 500 against processors doing 20000) would have a lottery ticket's chance in hell, and gave up. Then the reports about using more electricity than Finland came out ...

Show threadAZcoigreachMay 6, 2023

@ecsd https://github.com/azcoigreach/guru-skippyasurmuni

This is Skippy's trading algorithm. He uses DCA and tries to cash out of each trade with a 5.5% gain. Since he's using DCA, he has a very low slop loss @ 35% from the original purchase. Then he sells and looks for new coins going in the right direction.

He's just scraping and trying to leverage against the constant fluctuation and buying more when the dip happens.

GitHub - azcoigreach/guru-skippyasurmuni: freqtrade.io strategy

freqtrade.io strategy. Contribute to azcoigreach/guru-skippyasurmuni development by creating an account on GitHub.

GitHub
Show threadecsdMay 6, 2023

@azcoigreach

Oh, you did share the code, "kewl".

Show threadAZcoigreachMay 6, 2023

@ecsd Skippy has not made me into a crypto millionaire.

Yet.

Show threadecsdMay 6, 2023

@azcoigreach

What HAS it done?

What is DCA? All I can find is this:

<
Other uses

Dollar cost averaging, an investment strategy
>

I don't know all those terms, "slop loss".

I would be willing to run a passive observer system to model "how it might do", but the question remains what minimum cash level I'd need to actually /engage/.

If your "method" "beats the house" at all, then cool, it works. YOUR problem is not having enough capital to cash the crap out of a trade, but you just keep funneling gains into your cash pool and sooner or later it can take off. Since it's not exponential, "later" might be "way later than you would be willing to wait for."

==

Skippy, okay. Not Spot and not Bruno. Well hey, whatever. {laughs}

Show threadAZcoigreachMay 6, 2023

@ecsd DCA stands for dollar cost averaging. The stop loss is the value at which the bot will cash out if it loses too much money.

It's not the best trading algorithm in the world but it is definitely better than just hodling find a particular coin.

Also as the value goes down 5% is when it buys in again and it does an exponential increase every time it does buy in until it just runs out of money.

Show threadAZcoigreachMay 6, 2023
@ecsd what has it done? It's up 7% over the last 12 months. Which is better than The market is done in general.
Show threadAZcoigreachMay 6, 2023

@ecsd I have zero expectations that I'm going to make a windfall of cash off my cryptobot.

It's just really me geeking out because I love python and that's what Skippy runs on.