[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 37 KB, 400x400, Re9QmHEf_400x400.jpg [View same] [iqdb] [saucenao] [google]
28752528 No.28752528 [Reply] [Original]

I have developed and back tested an algo that gives btc/usd trade alerts for going Long/Short, it has a 97% winning rate and it is mainly for intraday swing trading.

How do I profit off of this? how would i go about selling the algo's signals to other traders for money? as a subscription service? I skip out on meals to save money and cant afford to trade at this moment in my life, any fren have any ideas?

>> No.28752574

Have you incorporated transaction costs and slippage?

>> No.28752654

What about taxes?

Imagine the grin on the accountants face when he sees you have 1000s of taxable transaction events

>> No.28752815

>>28752528
Use debt.

>> No.28753032

>>28752574
i don't understand your question?

>>28752654
this is crypto fuck fiat fuck taxes, fuck accountants, nothing but a bunch of cowardly pussies

>>28752815
no way debt is how i got into my current mess

>> No.28753098

guess i am going to have to figure this shit out myself as usual

>> No.28753311

>>28752574
Well the transaction cost is a fee which is either fixed it a percentage of the transaction.

Google slippage and backtesting algo trading.
Incorporate transaction cost (fixed or %) and slippage and see if it's still profitable.

Also try training it on prior data and withholding the most recent 1-2 years of returns data then running the model trained on earlier date on the most recent, previously withheld data.

>> No.28753394

>>28752528

what's ur discord. Let's talk

>> No.28753409

>>28752528
Just...use it to trade??? Why would you sell a profitable algo when you could just profit off of it???

>> No.28754006

>>28753032
>no way debt is how i got into my current mess
last time you got into debt, did you have a miracle algo backing you up?
nobodies going to fund you for info you arent backing yourself

>> No.28754031

>>28753409
Yeah like you have dog that shits gold and you want to sell it

>> No.28754184

>>28752654
Do you pay tax on every single transaction in the US? In Germany we need to provide transaction logs, but only the profit that you cash out is taxed, If I read correctly.

>> No.28754236

Use it to trade.
Create a telegram group for signals.
Sell a membership subscription.

>> No.28754534

>>28752528
Also, you might be aware of it already, but a little advice from a fellow algorithm developer. You need to run the check again with your contribution factored in when you manipulate your own source data. Stocks are like infinite pendulums stacked upon another so depending on the investment size the bot makes it will change its own outcome.

>> No.28754680

>>28752528
Start trading with it. You are going to be filthy rich in no time. Take loan to bet bigger. You really wondering how to make money with slot machine that returns 200%?

>> No.28754872

>>28752528
If you're trying to sell it, it probably isn't valuable.

>> No.28754957

>>28752528
>97% win rate
Unlikely

>> No.28755592

>>28752528
Did you only backtest it or test it live? Because live it will perform much different, for one your trades affect the market.

>> No.28756273

>>28752528
if it's as good as you say it is you could literally turn $100 into $1M in 100 days so don't give me this bullshit excuse about how you don't have money to trade
Be honest your algo sucks cock

>> No.28757229

>>28752528
what's the algo?