/biz/ - Business & Finance

Literally buy high sell low but with leverage

>>8718296
Proof this shit works every single time (just pick any time period and check for yourself)

>look at me hurr I'm so smurt please give me the social validation I so sorely lack

Money is like drugs. It's cool that you have it, but unless you're sharing, no one wants to hear about it. This post is the equivalent of


>"duuude I'm like so high right now lmao omg"

>>8718315
>respectable size

>>8718323
motherfucker I literally just shared with you how to get money, if you want to be handed the fish instead, go back to working at a sardine factory

Ive been shorting BTC this whole time. I’ve been teaching others and I’ve gotten my neighbors and coworkers into shorting the market and we are all making a lot of money together shorting BTC and Ethereum. I’m really popular now among my friends because I’m making so much money from shorting the market, a lot of them are making accounts in bitmex now because of me. I can’t wait for this bear market to continue for the next 5 years until I have enough money from shorting to buy a house and hopefully a nice car. Shorting is the best guaranteed way to make money in the long term

>>8718296
if your strategy works and you just revealed it to the public, it ain't gonna work much longer

>>8718341
I don't need advice from someone that is still at the sad state of their life where they are expending effort to gain money.

You do realise HA candlesticks are calculated using derivative data, and aren’t an accurate representation of the actual price action, right?

Surely no one is that stupid.

>>8718353
lmao I shared it with /biz/ and bitmex has a daily volume of 2.8 billion. The market could not care less if another 10 amerimutts start shorting. In fact, it makes BTC more volatile if anything.

>>8718353
this
and if it works, people like me will FUD the shit out of it, kek

>>8718380
It doesn't matter, you don't have to catch the highest price in the candle to make money. If the next 1 to 2 HA are green against yours, you made money. And they almost always are.

>>8718431
And if the price actually dumps after a single candle, which almost never happens and just happened once in the screenshot I posted, you just take your 5% loss and go short.

At what chart do you look OP?

>>8718357
highschool reject detected

>>8718454
How much do you leverage?

What leverage do you use? And what constitutes a respectable size for a candle?

>>8718353
Also this is not a new strategy, it's literally what HA exist for. Except crypto brainlets don't think of using them with bitmex. It's a much worse strategy for altcoin trading on exchanges, because you can't exploit price movements in both directions and you can't make as much money off of small moves.

>>8718466
just BTC, 1h, 15m sometimes even 5 or 1 minutes for quick scalps just for fun

>>8718476
No, I just made enough off the BTC bubble that with my current withdraw rate for daily life I'll only dip below 6 figs in my bank account when I am 70. I'll probably be 90 by the time I run out of dosh though, since I do a bit of carpentry painting on the side for fun.

The fact you instantly assumed the worst shows what sort of situation you find yourself in, since it's what you have to relate to. And your awful grammar, too. If you need some life skills to start building your retirement fund, the world will always need trades people :)

>>8718516
long or short right now?

>>8718520
Thanks op i will try this out. So i asume 1h candles are less risky than 15 etc.

Do you go all in with your stack?

>>8718296
Your trolling is unethical and you should feel bad.

Guys, this strategy does not work as well as he claims. The actual closing price on a candle is much different than what the Heikin-Ashi candle actually shows visually.

>>8718476
>>8718506

30 on last night's move up. Of course that's quite risky and you need to have the discipline to sell at a loss if a candle closes the wrong way and not hodl like a retard until you get liquidated. Basically, the lev you use depends on the risk you wanna take and the portion of your bitmex money you're using for the trade. Just see if you think your liquidation price is very unlikely to happen, set lev accordingly.

>What leverage do you use? And what constitutes a respectable size for a candle?

basically just don't be stupid and go long after a sliver of green in the middle of a huge downtrend. Regular TA still applies. If the candle isn't very small compared to the average candles, or if there's two smaller candles in agreement, or there's a rock solid reversal set up, you're good to go. Also, HA candles without or with short shadows are stronger signals.

>IT WILL LITERALLY NEVER EVER HAPPEN

Nujak tier advice, thank you rajeesh

The issue with trading is not only about when entering with what kind of position but also when getting out.

Also if you are not a larper, may we have a look at your trades ?

>>8718545
Neither, I only buy reversals, but if I had to, I'd rather go long than short now.

>>8718557
It depends on your leverage really. Obviously, there are higher temporary moves against you within a 1h candle than a 15 candle, so you have to use lower lev for 1h. Yes I'm doing this all in with my bitmex stack, which isn't all my crypto though.

>>8718589
The HA close is the average of the current bar. I never claimed this strategy gets you 100% of the move as profit, in fact my chart shows that you buy suboptimally a lot, but it doesn't matter, because you're using leverage and it is extremely reliable.

>>8718454
alright OP, you've convinced me to finally try this

so you have to answer my questions,

1. what time do you look at
2. how do you know when to close your long or short
3. just keep writing more please okay and more pictures I am a retard over here and need excessive explanation

>>8718296
> first green candle of respectable size=go long
yes goy go long when its high and go short when its low

>>8718636
Well look at the chart and see how often that scenario happens. The overwhelming majority of times, a green candle will be followed by at least one or two larger green candles. In my whole chart, there's only one time a single green candle precedes a bunch of reds and that green candle wasn't even very big. Also, if your lev is so high that that shadow would liquidate you, it's your own fault for being a dumbass.

>Also if you are not a larper, may we have a look at your trades ?

I've litererally just been doing this since yesterday after getting some play money and putting it on bitmex. I made 45% on the 7800 to 8k move above the "U", then actually lost about half of that with the aformentioned exceptional candle, but only because I was a retard and didn't take my own advice and held for too long. Then I slept, then I made 130% on the latest uptrend, that's all.

I'm not claiming to know anything special, just sharing this method with you guys because it has done me well and just by looking at the chart and backtesting, it seems extremely solid, provided you're willing to take some risk and have time to monitor your trades closely.

If anyone is still wondering this strategy 100% does not work. Thankfully it’s simple enough to code up and backtest in pine, ninjatrader, catalyst etc, to verify that it doesn’t work. OP is trading imaginary prices and making up lies.

>>8718729
*I also did a bunch of scalps on the 1m and 5m just for fun inbetween and made around 20% but I wouldn't call those serious proofs of concept

>>8718740
what's wrong with his logic? seems pretty straightforward?

>>8718667
1. Either 1 hour or 15 minutes, but you can use any timeframe as long as you stick with it. Best just look at the different timeframe charts and see which one has really clean trends, aka, the fewest single candles followed immediately by different color candles.

2. how do you know when to close your long or short

I just close it as soon as there an opposite color candle (that's more than a sliver if in a strong trend)

>>8718759
Prices on HA candles =! Actual prices

Here’s a fun experiment. Pick any strategy in TradingView and change your candles to HA. Watch as your profit % skyrockets to 4 digits in the backtest.

Now change back to normal candles and notice how you now are in the red.

>>8718346
i laughed

>>8718774
makes sense. gonna give it a try

>>8718740
>>8718797

Here's the real price movement in candles of the chart I posted earlier.

Note that these are only the long movements, so your real profit would be larger.

>>8718740
OP is probably just trying to get the autistic amerimutts and pajeets of this board to give him money

so when he says japanese candles he means just the normal candles we all use right? And in the picture of original post is hourly candles.

ty for the knowledge bro, I'm super short on money since I'm holding like 12k USD worth of shitcoins and I'm in the red thanks to the HODL meme.

Still, I applaud your enthusiasm and patience explaining your stuff here, ty for that.

>>8718740
>>8718833

>>8718833
>>8718740

Anyway, if you could post a script that implements this for backtesting, that would be cool, because I've been wondering myself under what conditions this does or does not work. It's certainly been working for me since yesterday and it worked on every previous chart I looked at manually, but there are probably market conditions when it doesn't work so that would be really helpful.

I'm a brainlet when it comes to coding so I can't really do it myself, if you wanna do it that would be nice

>>8718817
good luck anon

>>8718843
No, Heikin Ashi (japanese candles) are a derivative candlestick where

HAclose = (Open+High+Low+Close)/4
>average of the current bar

HAopen = [HAopen(last bar) + HAclose(last bar)]/2
>middle of previous bar

HAHigh = max(high, HAopen, HAclose)
>highest value

HAlow = min(low, HAopen, HAclose)
>lowest value

>>8718843
>>8718899

they're useful for predicting trends which is exactly what we're doing here

>>8718729
>Also if you are not a larper, may we have a look at your trades ?

>I've litererally just been doing this since yesterday
>been doing this since yesterday
>since yesterday
>yesterday

>>8718971
made 160% since yesterday too

>>8718977
Are you American?

>>8719017
no

>>8718899
thanks man. When I googled it; it came up as japanese vs HA cahdles. But theyre the same thing?

Where do I click on bitmex to change candles to HA?

>>8719057
Yeah the term is confusing because the regular candles (as opposed to bar charts) also originated in japan, so initially people said "japanese candles" and just meant candles, but now that candles are the norm, people usually mean heikin ashi when they say jap candles, or at least most people I know do.

I'm exclusively using HA for this.

>>8719057
click on the candle symbol next to the timeframe on the chart

>>8718313
kek fuck

did I fuck up desu

>>8718589
>Heikin-Ashi
Is this what OP means by "japanese candles"?

>>8719246
Only if you didn't pull out at 7330 and went long

>>8719347
uhhh

>>8718315
In this pic it fails several times

>>8718296
shhhhh

>>8719382
No, just one time, and the loss is minimal if you're paying attention

>>8718315
woah

>>8718296
>>8718315
Damn and I thought my MACD cross strategy was brainlet af...
GREEN DOT BUY
RED DOT SELL
It actually works, go to tradingview and test it for yourself. Use USDT pairs or find alts that are high volume and rising higher than their pair, go 5 min charts, rake in cash
Then use your profits to either build your daytrading stack for compound interest gains or accumulate more link

>>8719536
What is this dark magic? Shoo heathen, shoo!

>>8719536
what leverage do you use? and what platform do you trade on? thanks

>>8719569
I just trade on binance, I don't even know how to use leverage, that's on bitmex right?
I'm brainlet af man it's so easy
>>8719559
It's evil sorcery

>>8718296
Did you see my post from yesterday?

>>8699386

>>8719652
You trade on bitmex with 10 times leverages, you're trading with 10 times as much BTC. If your trade makes 10% profit, you make 100%. But if your coin loses 10%, you get rekt.
This is why something like the Heikin Ashi strategy seems to work really well on bitmex, it lets you rake in lots and lots of small wins,that become big wins with leverage. Possibly the MACD cross works just as well, it looks like they send almost exactly the same signals.

>>8719692

No, can't view that post but I wasn't online yesterday

>>8719718
>You trade on bitmex with 10 times leverages, you're trading with 10 times as much BTC. If your trade makes 10% profit, you make 100%. But if your coin loses 10%, you get rekt.
So if I have only $900 total and I trade $100 with 10x leverage and lose they force me to give them all of my money (900) and an extra 100?

>>8718296
>>8718977
>>8719388
>>8719692
If this really works, do you know revealing a trading strategy reduces your profit margins?
Let's take your strategy in this case:
1st red/green candle, you and many other people go short/long.
After a 5% move in the right direction, you take profits, thus your closing your short/long will create a buy/sell, which is a candle in the opposite direction.
Everyone waiting for 6% profits and above will now also panic-close.

Next time, everyone will aim for 4% profits.
Then someone will close their long/short at 3%.
Repeat until profits are barely above fees.

Publicly revealed trading strategies always get watered down until profit margins aren't worth it.
I know this because I was once in a "learn to trade" slack I found from another altcoin slack, and we started following strategies from youtube videos posted in the slack.
Bounces kept getting smaller, because people were cashing out earlier, being content with 1% or less.
Dips kept getting smaller, because people were too excited to buy in.
I eventually just left because every trading strategy they discussed ended up having smaller and smaller profit margins.

Yeah, this is an extremely common and safe daytrading technique, and it works about 90% of the time. You also learn things like this in beginner TA tutorials online.

The issue with stock trading was the huge fees & regulations that you get slapped with for every trade. You end up needing to gain a certain amount to pull even, or you can get suspended by your broker. Thanks to crypto and the lack of flat fees, you can do this pretty successfully

Honestly though if there are brain dead traders on here without a plan like this, they deserve to lose. I’m not sure why you told every /pol/ard how to do this; you’re only making it harder on yourself

>>8719769
Dude you overestimate the power of /biz/by a ridiculous amount. This is BTC futures, not some pump and dump shitcoin. Literally the highest volume in crypto. All of /biz/ could collectively pool all their money into pursuit of this strategy and it would have 0 effect on the market. BTC at this point,and futures in particular are dominated by huge institutional money and even among retail investors, /biz/ is a tiny subset. Furthermore, only a much smaller number yet would roll with a fixed percent fake profit in this strategy. And finally, this is the most brainlet strategy ever, so you can safely assume that all whales already know about it and the price movement is just fine. So nothing to worry about here.

>>8719769
This is the most insightful thing I've read on this stupid anime forum

>>8719758
You only lose what you put up as collateral. Cross leverage uses your whole stack, ?x leverage uses collateral that you define.

Eg. If you trade a total of 1000 contracts ($1000) at 10x leverage, you put up $100 of collateral.

>>8719941
Ahh I see. Cheers

>>8719758 You can never lose more than you put in and get in debt if that's what you're asking. The risk lies in that you can actually go to zero, unlike in virtually regular coin trade. However, if you're using cross leverage, you can end up paying out of bitmex funds that you hadn't allocated to that trade. Otherwise,if you bought a position for 100$,no matter how big,you lose 100$ max.

>>8719256
Yes

Op, what about implementing this. strategy with gekko bot? I know javascript, we should talk. Leave some contact for me

>>8720408
nullifies strategy, kek

>>8720443
Why?

>>8721031
thread of the day

>>8719536
Pretty neat. How did you get the green (buy). / red (sell) dots on your graph? I can't find the settings

>>8720408
Hey, I'm no good with coding,so not sure if I could help you with this.. But essentially, you see the definition of Heikin Ashi I posted right? You really just have to program in what a green Heikin Ashi means using those conditions, then instruct the bot/backtester to long and short accordingly. If you do it and this thread survives, post results? That would be cool!

>>8721291
The dots are for the indicator I'm using: MacD Custom Indicator-Multiple Time Frame
https://www.tradingview.com/script/OQx7vju0-MacD-Custom-Indicator-Multiple-Time-Frame-All-Available-Options/
Should just be the default settings

Bump

>>8721545
I like when someone shares something that works
I like monitoring how strategies are then modified accordingly in real time

>>8719769
THIS

>>8721802


>>8719916
This

>>8718296
Your newfound discovery is just the built-in ‘MACD Strategy’ in TradingView, lol.

>>8722487
No it's not, the MACD produces somewhat similar but definitely not identical signals. Most notably, the MACD will lag more and ignore small reversals more on average than the HA.

>>8718729

So you have been studying this tech since yesterday.

I don't really know how good you are at trading. However, if you want to succeed, you should never rely on a single indicator.

Maybe you should check as well fibs and ichimoku clouds.

By respectable size what do you mean?Is it an arbitary number of volume you decided on or a dynamic number that correlates to the volume of the previous candle(s)?

>>8722590
this

>turn on ichi cloud
>time frame 30m
>trade kumo twists
Prob works 10x better than ops faggy strat

>>8723137
hmm...

>>8723137
brainlets on biz can't into candles
do you really anyone here would trade with ichi
think again

>>8723137

Would that really work on such short timeframes? I've only ever used Ichi on 4h+ charts