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  • Put the edge in your hands

    When trading Forex you have to pay a spread, plus a commission at ECN brokers while experiencing slippage. Those are not trading conditions that give you an edge. What can give you an edge? Be the market maker!

    Market-making is solely buying crypto coins and selling them at a profit right after buying them by hitting the Bid and selling at the ask price. The duration between buying and selling can be within seconds, minutes, or even hours depending on the trading activity of that altcoin. See the myfxbook link in the signature.
    The benefits of being a market maker

    1. Short Trading duration, You simply buy and sell coins all day long
    2. Add liquidity to the market
    3. Decrease spread and in return this attracts more traders (more activity)
    4. Increase daily volume turn over and in return this attracts more traders (more activity)
    5. Check out the github link in the signature for more information

    Are you ready to put the edge in your hands?




    Put the edge in your hands.
    Crypto MarketMaker Robot
    Github - Contact for Verified Trading History

  • #2
    Good traders dont care about cost like commision and slippage, just poor scalpers who end up losing money
    have to blame someone or something else.

    You didn't make it as a Forex trader and now trade Crypto ?
    Last edited by RenkoGuy; 09-27-2018, 10:17 PM.

    Comment


    • #3
      I still trade fx, commodities, bitcoin full-time, and some liquid crypto coins. The issue with crypto currencies are the lack of liquidity which is great for market making but not the best for other strategies. I made this robot for the beneficial reasons since crypto needs more liquidity. If I can do my part while making a passive income, why not?
      \
      Why market making is essential for all crypto currencies

      The positive aspects of market making out-way the negative 10 fold


      If you a trader or an investor, liquidity(depth of order-book) is utmost important because it allows entering and exiting the market of your choice without having an impact on the immediate price. The last thing that you want to happen is when you want to buy/sell, your position greatly impacts the price and you donít get your position filled at the price you expected(slippage). When the liquidity is deep( many participates are waiting to fill your position) you can successfully enter and exit at the price you expected. As a result, you can execute your positions based on a strategy without worrying about slippage. The amount of liquidity offered in Forex ( Foreign Exchange: EUR/USD) is one of the main reasons why professional traders are attracted to this market and often avoid Crypto Currencies. However, things are changing quickly as you would expect with the innovation of crypto currencies and the impact they are having on our daily lives.

      Crypto Currency exchanges understand the importance of market making and give special benefits for those participates. One of the largest derivative exchanges in the world, Bitmex can have a daily volume of $4,000,000,000 on a slow day(June 10, 2018). This amount of volume is about 2 times the amount of the largest crypto currency exchange OKex that has almost 500 trading instruments and 2.4 times the amount of Binance with 350 different markets to trade on.

      Why is this you may ask? Bitmex offers an incentive to participate as a market maker. If you can successfully enter your positions with Limit Orders you earn a small rebate on every position executed. Not all exchanges offer this incentive. For example, Binance will charge you a fee regardless if you use Market or Limit Order types. On the other hand, OKex offers a rebate for Futures Trading if can you meet the required 30 day volume turn over and also has a structured discount for the higher volume traders on their exchange. These incentive models are brilliant by design because it gives an incentive to provide liquidity to their exchange.

      Letís move on to the next benefit of market making. We live in a highly competitive world and competition is a good thing in most cases. For markets, it allows market makers to compete for your position. Consequently, the competition has an immediate impact that decreases the spread between the best ask price and the best bid price. When you are trader spreads are just as important as deep liquidity. Having a market where the spreads are small and tight, allows more opportunity on an intraday basis. It creates opportunities for scalpers and other algorithmic strategies to enter and exit the market at intervals that are hard to comprehend for the average trader or investor.

      The combination of deep liquidity and tight spreads are the conditions that professional traders expect coming from the Forex Markets. If the crypto currency space can cater these traders, we can easily move the coinmarketcap into the trillions. [IMG]https://cdn-images-1.medium.com/max/800/0*lUwxUtZ0WdoSnvMz.png[/IMG]

      Put the edge in your hands.
      Crypto MarketMaker Robot
      Github - Contact for Verified Trading History

      Comment


      • #4
        Regarding the Myfxbook Performance, the account currency is in Bitcoin and Myfxbook does not show the Profit/loss correctly for bitcoin denominated accounts.

        Profits on Average
        The Market-Maker robot will exit your positions at your desired profit. The market maker strategy ensures a profit is made before exiting the position and restarting the market-maker cycle again. The profit percentage is fully adjustable. Would you like to make 0.05%, 0.1%, or 1% per cycle (entering your position, and exiting the position).
        Put the edge in your hands.
        Crypto MarketMaker Robot
        Github - Contact for Verified Trading History

        Comment


        • #5
          bntbtc-m5-genesis-markets-lp-getsomegvt.png
          Put the edge in your hands.
          Crypto MarketMaker Robot
          Github - Contact for Verified Trading History

          Comment


          • #6
            • Daily:0.51%
            • Monthly:14.12%
            • Drawdown:2.12%
            https://www.myfxbook.com/members/tra...o-only/2686292
            Put the edge in your hands.
            Crypto MarketMaker Robot
            Github - Contact for Verified Trading History

            Comment


            • #7
              Myfxbook has incorrectly stated the profit percentage on the ETH denominated account. Starting balance of 3.50 ETH and now the account balance is 3.72 , It should be 6.2%

              https://www.myfxbook.com/members/tra...o-only/2692352
              Put the edge in your hands.
              Crypto MarketMaker Robot
              Github - Contact for Verified Trading History

              Comment


              • #8
                I'll be able to accurately display my analytics from a new statistical site for Crypto trading within 10 more days.

                Myfxbook, FXstat, and FXblue do not display crypto denominated accounts accurately.
                Put the edge in your hands.
                Crypto MarketMaker Robot
                Github - Contact for Verified Trading History

                Comment


                • #9
                  Originally posted by HedgeBitcoin View Post
                  I'll be able to accurately display my analytics from a new statistical site for Crypto trading within 10 more days.

                  Myfxbook, FXstat, and FXblue do not display crypto denominated accounts accurately.
                  Contact me for the links. We're up and running with accurate statistics for Crypto Accounts.

                  Put the edge in your hands.
                  Crypto MarketMaker Robot
                  Github - Contact for Verified Trading History

                  Comment

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