This robot is based on market making principles that focus on extracting small amounts of profit rapidly through out the day. Algorithm is designed strictly for crypto currencies on Metatrader5 platform .
Explanation of the market making strategy
The account balance is denominated in Bitcoin. The profit/loss values are difficult to show because the account is in bitcoin and small profits of under 0.01. However, a 0.01 btc profit is equal to 65USD at these current exchange rates. BTCUSD @6500
Interesting EA in the crypto space. I notice that a large % of the trades are closed at Break Even and make no profit and that after 1,678 trades in total for Sept, the profit is zero. Be interesting to see if you can improve the BTC profit amount overall and then win% rate on total trades opened. good luck.
Each position earns a small profit. The profit is in Bitcoin and is often smaller than 0.00001 depending on the position size. The profit is 0.15% of the position size. This value is adjustable.
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).
The win rate is 100% and no positions are closed at a breakeven or lose. Positions are held and averaged based on the amount of allocated risk per market.
The account currency is in Bitcoin and Myfxbook does not show the Profit/loss correctly for bitcoin denominated accounts.
This is a MetaTrader 5 robot to trade at the brokerage GenesisMarkets.
By design this robot is adding liquidity to the exchange (placing Limit orders in the orderbook and waiting for market buy/sells to fill these orders). It is a passive trading strategy that waits for market participates to enter and exit the market that use the Order Type Market Order.
Performance is good. Image above shows true balance.
1.) I prefer not to try since I am still developing the system. Once I am satisfied with the robot, I will open other accounts with higher risk settings. I started with 0.1 btc and added 0.1 btc in Sept 23. About 30% from original investment without needing to use the other 0.1. Crypto has 1:1 leverage so 0.1 btc extra btc was added if I were to need more margin. Yes, there is a Profitpercentage parameter to make more profit on every basket and this will result in less trades and longer duration. The drawdown has never been an issue. The max is about 3.3%
2.) Average drawdown is about 1% , The most extreme was 3.3%
3.) the stats here don't help in any way. All decisions are being discussed on Telegram group name 'genesisMarketsTrade'. Feel free to join the community.
The system only makes profits at binance crypto exchange by using market maker strategy with 1:1 leverage. If positions are at a loss the system can be adjusted to dollar cost average to lower the entry price ( requires manual adjustments). Also you would need money to purchase crypto coins such as 0.1BTC (about 600 usd).