- March 27, 2019 at 4:49 am #3617
Just got the signal for BTC Short a few hours ago. Since then BTC made around +2 % so it seems that your ML-Signal goes in the wrong direction. Any suggestions how to handle such situations? Just trusting the machine and waiting?
- March 27, 2019 at 8:53 pm #3619
Hi Mark, yes–we just had interesting behavior across all signals. All of the LONG signals issued closes and then the SHORT signal issued an open. This was followed by a pop up in prices (not what we want). So at least in the immediate term, the signals seemed to have anticipated things incorrectly.
However, their perspective is more on the “several day” to weeks outlook. Based on this, I was expecting a drop in price to follow.
But now a couple of LONG signals have reopened and we seem to be holding about $4K.
I think we’ll have to wait and see. The system does not incorporate stop losses, so to truly follow the system, you’d await the close on the short. The signals definitely do issue losses…but are usually good at minimizing losses and letting wins run.
As a roadmap note, we’re working on finalizing a new signal that will be designed for day trading. It can issue long or short trades and they won’t conflict. Right now, we have the challenge that the SHORT and LONG signals can conflict.
We’ll keep you updated on this and great question!
- March 28, 2019 at 1:56 am #3624
Thanks Justin, very interesting information. I follow it closely but waiting with bigger investments just to get some more experience with it before going “all in”.
- March 28, 2019 at 11:38 am #3625
That’s smart and certainly was my approach too.
- March 29, 2019 at 4:59 pm #3631
Funny, btc short and long signals 3 to 5 days in between. Dont know what to do now….
- March 29, 2019 at 8:14 pm #3635zeallousParticipant
Yes, my signals did not show short, so when it came out i was like…”huh?”. But I think crypto-ml is doing great. I don’t follow all the signals, but when I do (and when my system shows the signal), it does very well.
- April 24, 2019 at 10:41 pm #3850MoonrakerParticipant
Yes, less conflicting long/short signals would be ideal. Also introducing stop losses would be a good option for those who wish to continue managing their positions themselves even after the auto trader release since it is a 24/7 volatile market.
- April 25, 2019 at 12:02 pm #3854
Agreed! This will be coming with the new synced version. Unfortunately, this Stripe credit card issue has been an unexpected management and development drain. Once complete, we will double back down on getting this implemented and available.
We’ve also had several requests asking about stop losses, so it’ll make sense to post some official guidance in the interim. Look for that soon as well.
- June 12, 2019 at 1:03 pm #4506daam37Participant
Do you have any update regarding the stop losses guidance?
- June 12, 2019 at 3:26 pm #4515
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