If you built a money machine what would you do with it? Make as much money as possible and help as much people as possible.
The first update of this project is I think I've built something INCREDIBLE! and here is my introduction post where I talk about what I hope to bring to the Steemit community and my ultimate goal of helping as many people as possible around the world live better lives.
Making money is important but true happiness comes from giving of yourself to others.
FYI - To be a part of this project no technical know-how is necessary (whether you know it or not you are sort of a tech nerd if you are on steemit) or required. Once everything is up and running to participate will be as easy as buying or selling bitcoin from an exchange.
Just as you do not need to know how a blockchain or how a node works to invest in bitcoin the same for this project. If MT4, Forex, and EA are not terms you are familiar with I will help you understand everything perfectly.
In companion posts I will explain all of these things to help you be better informed and know if this is something you are interested in.
STEEM (SBD) Trading Bot Growth Hack Project Outline
- Beta testers participation
- Performance updates
- Applying for access to money manager platform
- Launch of STEEM (SBD) Trading Bot Growth Hack Project fund
Beta Testers Participation
(skip this section unless you are familiar with MT4 and interested in testing)
If you are familiar with Metatrader 4 platform (MT4) and want to get involved with testing here is how to do it. Once the program is launched use of MT4 will not be necessary as everything will be handled by the broker's internal system. Each account will be connected with everyone be the only one who has access to deposit and withdraw their own funds.
I recommend using FX Choice for beta testing but any broker that does not follow the FIFO rule is perfect.
When you open up a demo account make sure to use the Pro-Demo option if you are using FX Choice.
Once you have a demo account ready here is how to get connected by downloading and installing the copier to receive all trades as they occur into your own demo account.
1. First, download and install the copier onto your own MT4 program.
- Download link, http://steem.link/IkI0P
- Video tutorial for installing, https://youtu.be/TgNbH_dyQVc
*Important - When installing the 'SCM_Slave_Setup.exe' to the MT4 directory (install the C++ also when prompted during the install OR click Repair)
2. Next, attached the EA called 'SignalSlaveMySQL' found in Expert Advisors section of your MT4 Navigator to only ONE chart (EURUSD).
3. Lasty, using this form send me your demo account number and I will send you back a .set file I prepare for you to load into your copier settings and connect it to the master account, https://goo.gl/forms/lxXRlU4zVF6so7RV2
* Beta testers must have their MT4 up and running all the time during the week for our platforms to be able to communicate with each other sending and managing the trades and open orders.
Performance Updates
Each week send out an update on the project to the group like this one. Pay attention to the part where I talk about running two accounts - one using the 5 pairs with a larger balance and the other running 10 pairs with a smaller balance.
Applying For Access To Money Manager Platform
I have submitted the necessary paperwork and details to gain access to the money manager platform. This solution allows one trading platform to manage simultaneously unlimited quantity of managed accounts. Nobody needs to run or install MT4 since everything is handled internally by the brokers platform.
Using the brokers money manager platform the trading strategy is implemented on all connected accounts. Everyone has their own individual account that only they have access to deposit or withdraw funds from. This is the advantage of using a multi account manager.
Launch of STEEM (SBD) Trading Bot Growth Hack Project Fund
Once access to the money manager platform is approved we can begin working towards setting up and launching the STEEM (SBD) Trading Bot Growth Hack Project Fund.
Create money, transfer it to bitcoin, transfer the bitcoin to steem power and HODL.
From there I will continue with regular weekly performance updates, continually monitor the system and implement any possible improvements.
Everyone involved will have different goals. My ultimate goal is to create a self funding charity. That is my dream and why I am here.
Conclusion
This project is not without challenges. Now that the coding is finished I want to make sure that everyone interested is able to understand what we are implementing and nobody that is interested in the project is left behind.
All those willing and able to beta test are super helpful to the project for continued proof of effectiveness. Equally helpful and effective is everyone who can pose questions that require explanations in the comments or additional companion posts.
Please could you explain what the title of this post mean ?
First of all you say STEEM then add (SBD) which are two completely different thing.
Then there is the "Growth" part, are you guaranteeing profit or something ?
Hack, Outline ... ???
I think it's a bunch of mumbo jumbo to make it look like this has anything to do with STEEM or SBD.
You are right, Steem and SBD are too different things. There is no need to include SBD in the name. I will change that. Thank you.
The use of growth no way insinuates guarantee.
It is a hack. A solution to a problem.
This post is an outline of the project ..
My friend I appreciate creative development work but I think you are using steem's name as a marketing trick for your bitcoin trading platform. Your platform absolutely has no connection to steem's wallet as long as I understood and it's simply a bitcoin trading app. You can convert your bitcoin to every currency out there so calling it steem-sbd trading bot is misleading. With the same logic there shouldn't be a surprise if you go to for example monero community and call it "Monero Trading Bot" because you can exchange your bitcoin to monero too.
Do business ethically to gain respect.
I agree with you, This seems like a way to have people install dubious executable.
Thanks for your thoughts. Let me help clear this up confusion. This project has nothing to do with trading bitcoin at all. The purpose of using bitcoin in this project is simply for transferring funds as it is not possible to do so in STEEM yet. The trading is done in USD (fiat) and not bitcoin. Again bitcoin only for transferring funds to exchanges.
I only discovered Steemit two weeks ago (see my intro post) and I am committed to investing my time and money into the community. I believe in it. This project is how I am going to grow my Steem account.
When I first purchased STEEM I had to use both USD and bitcoin to do it. I purchased BTC in USD and then purchased STEEM in BTC: that is exactly what this project is all about.
I am not familiar with Monero, but yes you could convert USD into btc and into any crypto you choose. I choose Steem.
I wholeheartedly disagree with you on the ethics of calling it a STEEM (SBD) Trading Bot Growth Hack is wrong. That is exactly what it is, a hack to grow my Steem through a trading bot program I wrote. Yes, the trading bot trades USD and not STEEM - it is not possible to trade STEEM without btc or usd. Again, the original way I purchased Steem was through first USD and then BTC.
The project is only beginning. You will see it is all about Steem and specifically powering up. I hope we grow to the day steem's wallet can be directly connected to various brokers worldwide, today that is BTC. Tomorrow it could be Steem.
It is totally possible to connect to steem's wallet. Your app just cannot do that and it's a BTC trading bot. The fact that you are aiming to do whatever with your money is not the design goal of the app and neither your app functions that way. You are free to power up your money into steem but calling your app a steem app while there is technically no connection to steem is 100% misleading for non-technical users.
Steem's wallet as the capacity to checkout on Amazon but it does not have the capability because Amazon, not me, needs to implement it. Same thing here.
You are making a ridiculous assertion again after already being corrected that Bitcoin is being traded. There is a video in the post showing USD being traded.
I am definitely open to changing the name of the project. There is no intention of misleading anybody only creating a cool tool to power up Steem.
How about: Automated Trading Bot to turn USD into BTC into STEEM
That is exactly what is being done. As I wrote in the first post of the project:
Create money, transfer it to bitcoin, transfer the bitcoin to steem power and HODL.
You change the name we are cool. As I said since you are not working with steem technology directly you shouldn't name it a steem product. With your argument every money making way in life is a steem related product since steem and bitcoin and fiat are all "traded" (for example: Sell drugs, make money, buy bitcoin, power up your steem)
100% onboard with you. I appreciate you helping me figure this out to do what is best moving forward. Thanks @p0o for looking out for Steemit and the community.
Thank you for understanding :-)
I would share the wealth or a least I think I would I'm sure I would. Cheers mike
I think you would. I think it sounds like you would. Yea I think you will.
Interested and following. I had to read it a couple times. Still not 100% certain what to expect but definitely intriguing.
Like with everything new to us, little by little and then it all clicks. Make sure to read the intro post to the project if you have not already, "I think I've built something INCREDIBLE!"
wow i always wondered about trading bots like poloniex gun bot...a bot is necessary for simply buying low and selling high... dont u have to manually watch the bot though?
and also to explain to people where all the money comes from in a trading bot we must explain price arbitrage! I must explain things myself just to understand them better!
When we use a trade bot, or when we simply buy low and sell high, we are just taking money from those who are selling low and buying high!
right? the money doesnt come from anyone person or place its collectively taken from many many trades
ok yes please someone go over the fundamentals of a trade bot and why WE cant just be trade bots! (usually trading for small increments isnt worth it unless ur dealing with many thousands of dollars ...so a bot is needed for psychological reasons! noone wants to sit there and trade with only a few hundred bucks just to make a few bucks profit...
also whats whats whats whats
wtat wat wat wat wat wat
This is a graph of High Frequency Trading
we should realy get into high frequency ccrypto trading!
I know its not that simple but itis! it always IS that easy!
everything in life is easy there is nothing new under the sun
only thing thats difficult is levitation telepathy past life memories and sai baba level miracles doing jesus or budha level miracles we ando em all tho! if u understand Fractals u understand everything!
Awesome gifs and photos!
Trading is a zero sum game. So someone's gain is someone else's loss. In all markets.
With this solution we are far from high frequency trading though. The system is coded to run on 8 hour periods (3 in a day) updating orders every hour.
Everything runs fully automated without having to monitor it -although of course it is always monitored- except the only time the program is not traded and shut off is:
For example during ECB interest rate decision any EUR pairs are avoided.
Super post and well done for answering so many questions so thoroughly BIG thanks - upvoted and resteemed!
I appreciate you, thank you @icedrum for the resteem & support :)
Love to be involved - let me know where I can help / assist / invest?
Super happy to have you involved @detlev, I definitely will keep you in the loop the entire way!
I'd like to learn how to become a beta tester. Do you know of any ways a nocie could learn??
I could help you take it step by step.
Thanks for sharing! Links to your project and posts were included in the Steem.center wiki page List of Bots. Thanks and good luck again!
Thank you @steemcenterwiki, I appreciate you!
How to participate ???
I am IN !!!
=]
We are on step two of the project outline. Stay updated with the future STEEM (SBD) Trading Bot Growth Hack Project updates. I will PING you when the next update is out.
seem interesting~!
I am passionate about it! I want to be a whale :)
This seems very interesting. Will read it fully later!
Awesome @adamk :)
Please include me in this.
My pleasure, I will keep you updated @dougbelluche
Upvoted and followed, interested in learning more!
Thanks @libertyteeth39, I will keep you posted of all future project updates. Looking forward to learning and sharing more with you
Thanks u for sharing...
Absolutely! Thank you for taking the time to read and comment @jhonwekk
WIll go ahead and start getting setup for this now.
Good stuff, I will help you connect and get this going :)
Is there a slave copier for mac?
You can watch this video (with web link to directions) to install WINE on Mac OS to run Windows programs. I use Mac myself but run a VPS.
https://www.tallinex.com/tallinex-mac-linux
True Flip {ICO} - Already running a transparent blockchain lottery! Bomb! Bonus 20%! Hurry! :)
The platform is already working and making a profit :)
https://steemit.com/ico/@happycoin/true-flip-ico-already-running-a-transparent-blockchain-lottery-bomb-bonus-20-hurry
Ok just downloaded will get this installed today
Awesome, thank you @followbtcnews
I will love to be part of this @polaleye50
How is this system different to a FX trading bot & what strategies are being designed used ?
Yes, that is exactly what it is like shown in the video a bot used to trade currency pairs in USD and transfer profits out using bitcoin into steem.
From my experience it is impossible to try and figure out where price is going in the market. This strategy is not trying to predict future price movements but take advantage of price fluctuations and reversion to the mean.
Positions are taken when the intraday trend is overbought or oversold (extended) when new highs or lows are made with the take profit as a reversion toward the mean.
The strategy is traded on the 8 hour time frame with orders being updated hourly.
If the trade get's too far away in the wrong direction the EA gets out of the trade with a small loss as soon as possible because there is no need to be "right" on any given trade. What the TP is doing is moving to -10 pips once the trade moves 1/2 atr against itself with a hard stop loss at 1x atr.
If the hard stop loss triggers on part 1 of 2 for the trade (two positions or each pair) then the TP is moving to -1/2 atr on the remaining positions with a hard stop loss of 2x atr.
So the two positions for the same pairs is kinda like one position with two parts.
Ok ! Your bot has made you wealthy ! I've tried many , but found nothing works better than the mind ! I wish you luck ! Happy trading ! So there's no bitcoin trading just a profit transfer from FX ?
I've already sent the account name and number mate! It's a GKFX demo account, and the balance is USD 100,000
Details sent back to you to finish the connection!
It's true the majority of the orders places in the markets these days is done by bots running algorithms, however their main job is to place huge orders when ever a market is within a specific range so the bank/broker has product for their clients to trade. As far as investment funds using bots to make orders in the market with the hopes of profiting from the trade alone is very low. See bots only ever work in specific market condition, it takes a skilled trader to know when to turn them on or off. To this day their has never been a bot able to match the profitability of the most skilled investors! This is why less than 20% of the trades made by investment funds are made by bots. The 20% who are profitable using bots to trade are trading high frequency and they are taking advantage of being faster than their competition. To do this they need to be trading very close to they exchange, every pikasecond counts. The people who are selling automated trading systems to people with little - no trading experience are selling them a dream. There are no profitable systems that you can just turn on and start making money without taking on huge risk.
*As far as investment funds using bots to make orders in the market with the hopes of profiting from the trade alone is very low. *
You are kinda of right but 98% of funds don't beat the market. I suppose that is why quant investing is the biggest new trend for hedge funds. Which is different than HFT where you pay exchanges fees to get preferred lineup in the queue.
See bots only ever work in specific market condition, it takes a skilled trader to know when to turn them on or off.
I wish I knew when was the time not to trade and when is but that is impossible. I can only reduce risk. To do this the only time the strategy is not traded is:
-All pairs during US Federal Reserve interest rate decision or Meeting Minutes release.
-For all other Central Bank Rate decisions all pairs with the currency of the country. For example during ECB interest rate decision any EUR pairs are avoided.
To do this they need to be trading very close to they exchange, every pikasecond counts.
Yes, if you are trading HFT. To say that is the only way to profit from the market is baseless and false. This strategy is traded off the 8 hour time frame updating orders every hour making latency irrelevant.
There are no profitable systems that you can just turn on and start making money without taking on huge risk.
There is definitely greater risk trading discretionary with your emotions involved than an automated program designed to reduce risk and follow rules. There is ALWAYS risk.
Honestly i don't understand any of this probably because i'm not a programmer. Just wanted to say thank you for the Steem dollar.
When the next STEEM (SBD) Trading Bot Growth Hack Project update is posted next week, I will PING those who upvote this post to keep them notified of project updates
Thanks for reading, you can follow me here for more articles: @nakedchef89
steem is a nice cryptocurrencie but my hability in trading is bag , i preffer save my rewards in a wallet
True happiness comes from giving yourself?.... Pls share more light on it
Giving "of" yourself :)
Aristotle, the Greek Philosopher, observed that all human beings wish to be happy and search for happiness.
The Four Levels of Happiness
(Giving of yourself is 3rd level happiness)
Beatitudo: (Beatitudo = happiness or blessedness). The happiness that comes from seeing the good in others and doing the good for others. It is, in essence, other-regarding action. Happiness #3 is, in some sense, at war with happiness #2. One cannot be at the same time in competition with someone else and doing the good for and seeing the good in them. Most people would prefer a world (community, family, relationships) structured around the pursuit of happiness #3 than entirely based in happiness #2. Happiness #3 is higher than happiness #2. The problem with #3 is that it is necessarily limited. We cannot be someone else's everything. For example, we or they, will die and if our happiness is contingent upon them, it dies with them. "There must be more than this."
I'm thinking about developing a trading bot as well with a friend. Do you need more intelligent computing science students and programmers on the project? I have a lot of experience (for 21 year old) in both trading and programming.
Let me know if you would like to discuss this further, btw both of us already have very good resume :)
cool thnka you
hey Jordan, thanks for the sbd u sent me! im curious about beta testing. i have Mt4 for my fx trading and i use traders way as broker. where do i start with your program?
Follow the directions in the post above and we will get you set up right away!
Can you bring some light to the strategy behind your trading bot?
It looks to me like basket/ hedge trading.
From my experience it is impossible to try and figure out where price is going in the market. This strategy is not trying to predict future price movements but take advantage of price fluctuations and reversion to the mean.
Positions are taken when the intraday trend is overbought or oversold (extended) when new highs or lows are made with the take profit as a reversion toward the mean.
The strategy is traded on the 8 hour time frame with orders being updated hourly.
If the trade get's too far away in the wrong direction the EA gets out of the trade with a small loss as soon as possible because there is no need to be "right" on any given trade. What the TP is doing is moving to -10 pips once the trade moves 1/2 atr against itself with a hard stop loss at 1x atr.
If the hard stop loss triggers on part 1 of 2 for the trade (two positions or each pair) then the TP is moving to -1/2 atr on the remaining positions with a hard stop loss of 2x atr.
So the two positions for the same pairs is kinda like one position with two parts.
The only time the strategy is not traded is:
For example during ECB interest rate decision any EUR pairs are avoided.
nteresant to follow here @ Jordan lindsey
Must look at your videos and I may be able to participate in the testing.
You invaded me to the blog while I was on vacation.
Exciting about it will give us a profit, think your roof makes sense
Catching up on more info to learn.