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Daytrading/Scalping in Crypto markets

  • #41
  • Aug 29, 2021 11:53pm Aug 29, 2021 11:53pm
Quoting Mike.Hatzis
i have one question. is perp a stable coin? i cant find it on binance.
It is coins' perpetual futures(so they have no experation date). Binance and FTX provide 20X leverage to trade them.

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #42
  • Edited 12:57am Sep 6, 2021 12:35am | Edited 12:57am
Good news that the liquidity is coming back to crypto markets,and again day to day the Market becomes more and more interesting. In the screenshot 3 hours my this morning scalper's work result.

Regards ansd see u in the DOM!

* Agld- it was selling robot in the DOM, every 7 seconds it sold 860 lots ,when it finished I opened a long position.
*Luna -It was short squizze ,I took a long postion when I felt tahts it is over
*Step- I took a short from the big amount in the DOM
*Rook -price did't go in my favor I closed a trade with small loss.
Attached Image
Success is nothing more than a few simple disciplines, practiced every day.
  • #43
  • Sep 6, 2021 2:25am Sep 6, 2021 2:25am
Quoting Machinator
Trades of this week day by day. Summer-not the best condinions of the market,but still possible to make money. {image}
Thanks for your ideas. May you tell us the criteria to trade these perpetuals?
  • #44
  • Sep 6, 2021 3:03am Sep 6, 2021 3:03am
Quoting jonander50
{quote} Thanks for your ideas. May you tell us the criteria to trade these perpetuals?
Hi!

AGLD-perp is newly listed so it is by defolt on my screen. I have 4 4K monitors ,so about 80 DOMs and their charts are in the same time in front of my eyes. I also screen the market during day, so when I see a move on a future or a spot I haven't on my screen I add it immediately and try to find understandable situation to trade.

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #45
  • Edited 8:32am Sep 6, 2021 4:12am | Edited 8:32am
Quoting Machinator
In the screenshot 3 hours my this morning scalper's work result.
How do you come up with these fees? When I look at the fee structure on FTX's website, your fee statement doesn't make sense to me.. In example, by staking 25 FTT one pays zero maker fee; otoh, no taker fee gets so low that any combination of maker/taker fee can make your paid fees, especially given the fact that you pay for buy and for sell and those displayed fees are not round-turn fees. Also one has to count in the spread, which can be also considered a fee on top.
Also regarding this CScapl software: How this software would be free of charge? Do these (russian!) guys work for free (it is a complex software and, you know, there is no free lunch)?

(Why I only keep comming across Russians all the time in this - trading - business??? - Any broker, any software, i.e. MetaQuotes etc etc etc???)
Return To Disorder
  • #46
  • Sep 6, 2021 8:38am Sep 6, 2021 8:38am
Well scalping in FX is hard but scalping in Crypto is even harder. I don`t think that`s the best way to trade Crypto. Correct me if i`m wrong.
  • #47
  • Sep 6, 2021 9:50am Sep 6, 2021 9:50am
Quoting rockit
{quote} How do you come up with these fees? When I look at the fee structure on FTX's website, your fee statement doesn't make sense to me.. In example, by staking 25 FTT one pays zero maker fee; otoh, no taker fee gets so low that any combination of maker/taker fee can make your paid fees, especially given the fact that you pay for buy and for sell and those displayed fees are not round-turn fees. Also one has to count in the spread, which can be also considered a fee on top....
Hi,Rockit!

Tell the truth I don't understand your pretensions. I arrived to these fees (for the moment I paid 0% as a maker and 0.045 as a taker -Fees tier #5 ,so it means that my 30 day volume was more than 25 million dollars) step buy step. You share FTX comission information link so I prove that it is fair like they announce. Spread is far from to be considered a broker comission,you are free to enter the trade by market or limit order.Opening a trade with market order you are open lets say long position with the best seller price,and viceversa.You are losing the spread, but in many trading situations enter the trade imidiately is a must.

As about Cscalp I worked on it more than 3 years on Moscow exchange than on crypto. The developer's team is very professional and trusty. It is pereodicly updated up to tader's offers and favors,they have great feedback. If you find a scalper's software which is as functional and simple as Cscalp ,please let me know ,because I don't know such one. I don't know exactly how they make their business ,as many profitable traders here don't interested how Metaquotes(MT4 ,MT5) organize their business to earn money,it is unimportant information for me,because my money is on Binance and FTx accounts ,and third part software suplayer has no access to them.

If you feel something against Russians or Russia, it is your own problem, I can't you help here, but would recommend to change your approach. The only creteria for me here and everywhere is job is welldone or not.

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #48
  • Sep 6, 2021 10:01am Sep 6, 2021 10:01am
Quoting momo3HC
Well scalping in FX is hard but scalping in Crypto is even harder. I don`t think that`s the best way to trade Crypto. Correct me if i`m wrong.
Dear friend,it is your turn to speak!! If your know easier way to make at least couple of thousands dollars a day with extremely limited risks I am all attention and for sure in.

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #49
  • Sep 6, 2021 10:07am Sep 6, 2021 10:07am
Quoting Machinator
{quote} Hi,Rockit! Tell the truth I don't understand your pretensions. I arrived to these fees (for the moment I paid 0% as a maker and 0.045 as a taker -Fees tier #5 ,so it means that my 30 day volume was more than 25 million dollars) step by step.
This is exactly what confuses me: You say you pay either zero or 0.045% (per side). Now, in your statement above, it states as fee i.e. 0.01%, so, if you were maker on buy and sell, it would need to be zero; and if you were taker at least on one side, it would be at least 0.045%, but never 0.01%, or 0.015% or 0.017%.

MetaQuotes makes money by selling the server (fee per subscriber) to the broker(s), which in turn passes this fee(s) onto the traders (as cost of trading - be it spread mark up or commission). However, the CScalp guys do not explain how they actually make money.

Another software is QuantTower, however it's free version is very limited. That is why I ask how these guys make money..
Return To Disorder
  • #50
  • Sep 6, 2021 10:38am Sep 6, 2021 10:38am
Quoting rockit
{quote} This is exactly what confuses me: You say you pay either zero or 0.045% (per side). Now, in your statement above, it states as fee i.e. 0.01%, so, if you were maker on buy and sell, it would need to be zero; and if you were taker at least on one side, it would be at least 0.045%, but never 0.01%, or 0.015% or 0.017%. MetaQuotes makes money by selling the server (fee per subscriber) to the broker(s), which in turn passes this fee(s) onto the traders (as cost of trading - be it spread mark up or commission). However, the CScalp guys do not...
You are trying to find fraud where it can't be. When I open a position I dont buy or sell by a single price and very often I open a position using and market and limit orders as well as when I am closing it.So in a single trade in the same time I can be and maker and taker ,so It is almost imposible to count ,but if you have so much free time and calculator here you go you can try- all the trades for this pereiod except FTT and SNX trade by trade.

I am still not intersted to understand how they make money,because for me it is secondary information,but as you ask the second time I am polite enough to answer. I am not sure ,but maybe they are taking some fee rebates from the crypto broker, it is the first option to make money for them . The second one which I know surely they are providing trading and backoffice soft (not free) for prop trading companies which are operating On Moscow exchange . I don't know but I have a suspecious that they have also fee rebaites from the broker which they are operating with on MOscow exchange.
If it is not enough for you , you can check from their support.
Attached Image (click to enlarge)
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Success is nothing more than a few simple disciplines, practiced every day.
  • #51
  • Edited 1:15pm Sep 6, 2021 1:03pm | Edited 1:15pm
Quoting Machinator
I am still not intersted to understand how they make money,because for me it is secondary information,but as you ask the second time I am polite enough to answer.
Sure, it is your choice. However, they could be using your machine (and from other users) in a malicious way, i.e. mine cryptos, or for distributed denial of service attacks (cyber crimes), collect your data and sell it.. Just sayin'. I would carefully monitor where this thingy connects to.. I for one will not trust Russians or Chinese - dictatorship governments that carry out cyber attacks, spread fake news, especially towards western countries.. Luckily I do not need such software anyway, because I can make my own, I just programmed a connector to a crypto exchange for the MT5 terminal, and I also have my own terminal, so trading software is not an issue for me. Only those fees a way too big, they would need to come down by a factor of ten.
Return To Disorder
  • #52
  • Edited 2:47pm Sep 6, 2021 2:19pm | Edited 2:47pm
Quoting rockit
{quote} Sure, it is your choice. However, they could be using your machine (and from other users) in a malicious way, i.e. mine cryptos, or for distributed denial of service attacks (cyber crimes), collect your data and sell it.. Just sayin'. I would carefully monitor where this thingy connects to.. I for one will not trust Russians or Chinese - dictatorship governments that carry out cyber attacks, spread fake news, especially towards western countries.. Luckily I do not need such software anyway, because I can make my own, I just programmed a...
Mostly this is the political question and this is the last place I want to discuss such kind of issues.
Anyway one thing is the government and the way it governs, the second is business companies which's aim is to make money,no matter where they are located, and I am positioning myself as their customer. And yes I don't believe in any kind of conspiracy theories.

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #53
  • Sep 7, 2021 12:30am Sep 7, 2021 12:30am
@Machinator No doubt more and more people are putting their trust in the crypto market and with an increasing number of market participants we can definitely expect the market to gain liquidity. The best thing about crypto is that you can convert it easily into fiat currency which is driving enthusiasts into the crypto world.
  • #54
  • Sep 7, 2021 8:55am Sep 7, 2021 8:55am
Quoting ralphhoward
The best thing about crypto is that you can convert it easily into fiat currency which is driving enthusiasts into the crypto world.
Watch this..
Inserted Video
Return To Disorder
  • #55
  • Sep 7, 2021 2:44pm Sep 7, 2021 2:44pm
Quoting ralphhoward
@Machinator No doubt more and more people are putting their trust in the crypto market and with an increasing number of market participants we can definitely expect the market to gain liquidity. The best thing about crypto is that you can convert it easily into fiat currency which is driving enthusiasts into the crypto world.
Yes my friend ,and as a trader you have all chances/MUST to make a little bit of these dudes moneys yours!!

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #56
  • Sep 7, 2021 3:05pm Sep 7, 2021 3:05pm
Quoting rockit
{quote} Watch this.. https://youtu.be/alZd-mk-19Q
Dear friend, tell the truth I dont understand your hate about Crypto. We are not speaking here is the crypto good or no, does it have a future or not, is it a next buble or existing pyramid etc.....

We are speaking here , about making money in crypto markets not as investors not as amateurs ,but as daytraders,who are making/or want to make trading for living.

It was mad/great/amazing trading day. I have made today 40.000 US dollars with extremely low risks. How was your day, Rockit?

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #57
  • Sep 9, 2021 2:15am Sep 9, 2021 2:15am
Quoting Machinator
I have made today 40.000 US dollars with extremely low risks. How was your day, Rockit?
Well, congrats! I have not made $40k, is all I can say. I lack in too many departments: No capital, no discipline etc.

Quote
We are speaking here , about making money in crypto markets not as investors not as amateurs ,but as daytraders,who are making/or want to make trading for living.
If you have much capital, you can do this (with low risk, low fees, that is). What frustrates me the most with these assets is, how ridiculously expensive and cumbersome it is to deal in it. Now, I do understand that it all might not trouble people who do not care about anything else than to just get into it.
Return To Disorder
  • #58
  • Edited 11:51pm Sep 9, 2021 11:25pm | Edited 11:51pm
Quoting rockit
{quote}Well, congrats! I have not made $40k, is all I can say. I lack in too many departments: No capital, no discipline etc. {quote} If you have much capital, you can do this (with low risk, low fees, that is). What frustrates me the most with these assets is, how ridiculously expensive and cumbersome it is to deal in it. Now, I do understand that it all might not trouble people who do not care about anything else than to just get into it.
Thanks Rockit!

I want you to undersrtand daytrading it is not about to have a big initial capital. It almost does not matter when you start how much you have , because if you have not skills and experience even with 2X leverage you will easily loose and 20 dollars on you deposit and 1000 and 10000.

I wrote that I started with only 4 ( four ) dollars,not because I don't had more, but because prop trading company had this policy. Investing the most valuable resurs -my time and learnt the phisics how the price moves , step by step I doubled this 4 to 8,8 to 16 and then 100 to 200 and etc.

Look in the first picture below. Price cannot move above 209 level. Why ? Look in the Dom and you will see 687 contcats volume on 209 price. No magic. So you can took a short trade just from 208.95 price.So U have very short stop , you will close your trade when the participants will start to buy this volume.Let's say when you see that 70% of this volume would be eaten by participants you will close your trade to this volume.So it is extremely low risk trade.You have visible point to close your trade and this is the best possible trade you can make.

Lets imagine you have 20 dollars on your deposit .With 11X leverage you are selling one contract from price 208.95 and closing your trade with 1%-1.3% profit . Look on the chart and you will see that you can perform this operation 50 of times. i know you have great skills to count so for 4-5 hours of trading you will at least triple your initial capital.

Rook is non liquid instrument so you can not trade this with big volume lets say more than 3-5 contracts,but it is enough to swing a small deposit. But when you are in the market during the time when your initial depo will increase you will see the situations when you can enter the trade with maxiumum volume which the DOM is offer and work them out.

Regards!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: rook 2.jpg Size: 241 KB
Success is nothing more than a few simple disciplines, practiced every day.
  • #59
  • Sep 10, 2021 12:03am Sep 10, 2021 12:03am
One more example from yesterda's trade. It is spot Cope/Usd. The participant was trying to realize 175000 contracts in the DOM.I entered with him with 1996 contracts(about 8000 volume) and closed the trade with about 6% of profit (about 400 doolars).

Regards!
Attached Image (click to enlarge)
Click to Enlarge Name: cope.jpg Size: 92 KB
Success is nothing more than a few simple disciplines, practiced every day.
  • #60
  • Sep 10, 2021 12:18am Sep 10, 2021 12:18am
Quoting Machinator
One more example from yesterda's trade. It is spot Cope/Usd. The participant was trying to realize 175000 contracts in the DOM.I entered with him with 1996 contracts(about 8000 volume) and closed the trade with about 6% of profit (about 400 doolars). Regards! {image}
Sir, I did all the steps and i think i understand every thing but the market is tooo fast no time to decide about buys and sells!
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