The recently launched institutional Blackbox is based on a proprietary, rule-based algorithm that generates buying and selling signals in cryptocurrencies for institutional finance and professional investors. Harnessing near two decades of currency and futures market trading experiences, the Blackbox introduces the discipline and the advantages of a proven, rule based trading approach to the volatile cryptocurrency market.
On May 14th 2018 our Blackbox generated a buy signal for Zcash on the ZECUSD pair. The algorithm has more than 50% chance of winning with a risk to reward ratio of 1:15. USD based pairs have an average loss of -18% and average win of 144% based on 121 historical buy/sell signals since 2013. We recognize this trade was published a few days late, however it is a live signal and we will post the sell signal when our algorithm alerts us.
Trade closed: stop reached
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The algorithm closed its signal in ZECUSD at an exit price of 229 with a loss of -24% after 14 days. This completes the 3rd Zcash/USD signal since August 2017. The accumulated historical performance is -41% accumulated. So far it's had 3 losers with an average loss of 14% per signal. Zcash is one of only 2 coins in the top 20 coins that have yet to turn a consolidated profit. The remaining signals in the top 20 coins all have a positive track-record over the lifespan of the coin. A key element in trading the algorithm is to spread the risk by trading a number of different coins.
So far your buy signal posted well after the actual entry has generated a net loss. It should have been clear to you at BTCUSD of about $8500 that the market was going to turn lower. Not sure what kind of rules you're using but they don't seem very reliable.
UnknownUnicorn1604850
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@powderpc, thank you for your feedback. Stay tuned and follow the performance of the signal going forward. We are just beginning to post here, so new upcoming signals will be posted on an actual day with transparent backtest statistics. The algorithm historically wins about half of its trade with a risk to reward of at least 5X. We appreciate the skepticism and hope to earn your confidence over time. Best regards.
Tangent1
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So increased buy volume is the signal? what about zecbtc pair?
UnknownUnicorn1604850
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@Tangent1, ZECBTC actually also had a buy signal on May 14th with entry of 0.03572 currency up 17% as of yesterdays close. The model-based entry signals are created with a formulation that simultaneously gauge number of variables, including delta in price and volatility in relation to time. Essentially, the model seeks to establish a long-positioning in upward trending cryptocurrencies, but will do so only after a number of upward trend-confirmations have been completed. You can read more about the underlaying algorithm here nordiccrypto.com/blackbox/
UnknownUnicorn1604850
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@Tangent1 meant to write "currently up 17% as of yesterdays close." Stay tuned for our exit signal to see how the trade does.
UnknownUnicorn1604850
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@Tangent1, i added the ZECBTC pair with entry signal on the same day, you can follow it's development here