Are you equipped to gain an advantage in the market?

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Posts: 2 · Reputation: 122
#1Dec 3, 2024, 05:55 PM
Hey folks, We’re a group of traders with more than 20 years in traditional markets and a decade in crypto, and we’re creating a next-gen crypto trading platform. It’s crazy that most top exchanges just give you basic buy/sell options. Sure, manually placing orders and watching the screen can be fun, but serious traders need better tools, and that’s what we’re working on. Right now, we’re all about automating strategies starting with the basics like: - Buying $BTC when RSI is under 30 - Selling when the 50 DMA dips below the 100 DMA - Buying $ETH when it breaks a certain level with volume over X These setups are fully customizable, and we’re aiming for even cooler features, like AI for automation, machine learning for predictions, and using big data for insights. We’d really appreciate your input on a couple of things: - Would you consider using a platform like this if it just charged transaction fees and no subscription? - Are you using anything similar right now that doesn’t have monthly fees? - What types of strategies or setups do you wish were available that aren’t? We’re building this for you all, so any honest feedback is super valuable. Check us out on X @Transcende_Algo. If you’re interested in testing our first version, head over to transcendence.finance, and we’d be excited to give you early access. Thanks a ton!
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1t5_omegaHero Member
Posts: 614 · Reputation: 3883
#2Dec 3, 2024, 08:30 PM
Do you have proof that in those 20+ years in traditional markets and 10 years in crypto you have had regular and worthwhile profits? I am very skeptical with all this kind of bets because it is widely known that very few traders are profitable in the long term, and I doubt very much that your system will ever exceed the simply buy and hold bitcoin in terms of annual profitability.
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alex.shardLegendary
Posts: 1019 · Reputation: 5623
#3Dec 3, 2024, 09:23 PM
On exchanges now, I can see copy trade, bots and signals but I have not used any because I prefer to trade on my own in my way with my own analyses and speculations. There is nothing better than using little amount on trading and also know what you are doing. I avoid third parties.
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#4Dec 4, 2024, 12:04 AM
Yes, i surely do, and i offloaded a bag of 350 ETH during 2021, its on the blockchain, logs dont lie But maybe you are not getting my point over here. I am not trying to sell you anything. I am not telling you that i have discovered an all time winning strategy which make money all the time under all market conditions. I have never said that i have not lost money during those 20 years, and a lot of it. All i wrote is that, as a trader, and as a professional who worked in the software industry for more than 20 years, we should have access to technology where we are not required to gaze at the screen 24/7. We dont have access on Tier 1 exchanges to extremely simple trades where buying and selling is not based on price but is based on the Technical Indicators those those exchanges provide to us anyway. How many times did u wake up in the morning just to see that one of your favourite coins flash crashed just to pick up within one hour? How nice would it be if you had an open order which is based on RSI below 30? How about traders who think longer term and want to trade the MAs? Right now BTC could break ATH while we are sleeping. Why cant i place an order that if BTC breaks price XYZ with Volume # i want to buy? All those are very simple and basic strategies that the most novice trader can execute. I am very happy to talk more complex strategies. But i was wondering if people would be really interested to use such a platform in case it charges ONLY transaction fees? Its totally fine to copy trade someone, in case you truly trust them. But as a professional trader, i would rather have control over my own trades. Regarding to trading bots, they are mostly on Telegram and they dont really give you the flexibility and configurability you need Just take an example of buying some coin when RSI hits a certain level where you dont really know what price that would be. Or buying bitcoin if it manages to break above 105K with specific volume > XYZ My point is very simple, all exchanges give you so many tools to do your own analysis, but they dont give you the flexibility to implement your analysis into actual trades. So many trading strategies depend on technical indicators where prices are not known in advance, for example sell BTC if RSI is above 90, what price is that? we dont know... Regarding to 3rd parties, this is really very valid concern. Our ambition is to create eventually a liquidity aggregation system like 1inch for example, so that it is a one stop shop, not really a 3rd party tool. Your keys your crypto... [moderator's note: consecutive posts merged]
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viper_2009Full Member
Posts: 68 · Reputation: 406
#5Dec 4, 2024, 05:17 AM
Thank you for the offer but to be honest, as long as trading is concerned, I prefer to do it on my own and trust nobody but myself, so third party is out of the context. Yes, you could be profitable with that kind of tools but just to remind everyone, we all have our own tools that would suit our own trading strategy, and whatever that works for you will probably won’t work for others. So I’d rather stick on my own.
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seed2017Full Member
Posts: 130 · Reputation: 690
#6Dec 4, 2024, 07:41 AM
When we are on our own, we can only rely on ourselves, and not pray for somebody else for help or guidance. That's the way to go.
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Posts: 38 · Reputation: 206
#7Dec 4, 2024, 11:37 AM
The way you are trying to present your experience on the trading platform, I would say are you consistently profiting from the trading platform? Or are you reflecting your experience? If you do, I would say no one will believe you because people are now aware. On the trading platform, people can now trade by making their own predictions and strategies, although their success there will be less. There are many who first share their experiences and then they talk about groups where you have to pay to join. I have never joined a group by paying anything. I have always gained experience by trading on my own with my own analysis, although I have less success there.
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Posts: 38 · Reputation: 180
#8Dec 5, 2024, 12:13 PM
Do you have any experience on how the copy trading bot works? I feel that it is for lazy traders and for newbies who are learning how to trade before they know how to do their analysis on their own because learning analysis till perfection is hard especially if you don’t have any experience about crypto and market analysis before starting your trading journey. Is it advisable to use copy trading? Especially for people that don’t know how to trade at all? I feel even if they can use copy trading; there should be recommended exchange and the trades to copy because we can’t just copy all trades we see and in all exchanges.
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ape_2018Senior Member
Posts: 412 · Reputation: 1728
#9Dec 5, 2024, 03:57 PM
If you feel you are not good for trading, don't force yourself to trade. Trading with signal groups or copy trading strategy won't help you too much as you are living your dependent trading life on other people who can be wrong sometimes or many times. They can be wrong but they are more experienced and better disciplined than you so that they can determinantly cut loss and exit the market earlier than you for minimizing their losses. You copy their strategies but by having worse practice, you will likely have bigger loss.
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coldaltFull Member
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#10Dec 5, 2024, 09:34 PM
I noticed the hiatus of over 6 years in your post history (2019 – 2025). I hope the account didn't change hands, having been registered here in 2017? I'm only wondering. The reason I asked was because of the nature of services you're proposing to render in the nearest future here. Anyway, as for copy trading; I haven't done that before and I don't intend to do it in future. I like trading by myself. The reason is because I believe there's no holy grail in trading. No trader has a 100% winning rate. So, to mirror another's trade isn't my thing. I may have a look at one's strategy and see how it adds to mine but to copy their trades isn't my thing.
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DarkR0ck3tFull Member
Posts: 111 · Reputation: 611
#11Dec 7, 2024, 03:53 PM
Same here mate. Copy trading may be perfect for others but I don’t think it’s going to work for me. I love exploring on my own, and whatever the outcome is, at least I also learned a lesson from that. And one more thing, I don’t want to put a blame on others whenever my trades messed up, so as much as possible I certainly avoid copy trading. If you have been trading for years, you will realized that experience does matters most rather than settling on copy trading. You have the full control on your trades, so might as well develop your own strategy that will perfectly suit for you.
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s4t88Full Member
Posts: 114 · Reputation: 635
#12Dec 7, 2024, 09:46 PM
This is what I'm going to say, and I tend to agree with your insight. Trading isn't for everyone, while some may be fortunate enough to profit from that exchange, many unfortunate users experience losses.  So, it’s not for everyone. It's hard to rely upon a group that you don't know well, this group may leave you behind in the excitement, making you their prey. Copy trading may provide convenience, but it often detaches you from the essential learning process, which has no shortcuts, and from the market sentiment that shapes successful traders.  Developing your own strategy allows you to adapt to market conditions, which is a wise choice rather than depending on others.
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0xR4v3nSenior Member
Posts: 192 · Reputation: 1301
#13Dec 8, 2024, 02:40 AM
At least you posters should maybe give the feedback a guy requests who clearly isn't spamming, I mean, the tool settings seem legit. @OP for me: - Yes I would use a platform that only charges tx fees which I have to pay anyway executing right? - Never in crypto, only in forex in the past. I did pay for crypto group subscriptions before lol. I many times admit this was a bad mistake. - someone was talking about automated grid trading in this forum, and that no exchange had it.
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jake2011Full Member
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#14Dec 8, 2024, 04:18 AM
I think not all knows that they have their own tool, so they just rely on others, and even if they know it, their tool might still not do well, so they can again rely on others. I think some services like this have became successful. So that can mean that their tool can actually work on their customers or on other people. You are lucky that you can trade well, so obviously you don't need it anymore. There are perks for trading on our own and maybe before trying the option I said earlier, maybe we should do something about ourselves first. Basically I never recommend going trading because of its high risk nature. Even after you still wish to trade, better start with minimum capital and then test to decide further.
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ninja_atlasFull Member
Posts: 84 · Reputation: 259
#15Dec 8, 2024, 07:33 AM
While copy trading may work for some, but I believe it won’t also work for others. Majority still want to focus on their own and prioritize building their own strategies and make them work and enhanced. That should be the mindset if you want to develop the best of your potentials in trading, copy trading won’t be necessary then. Although you can also try copy trading if you want, but it should only be temporary, and just focus on developing your own strategy then that will suit on your trading style and interest.
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its_foxSenior Member
Posts: 236 · Reputation: 1432
#16Dec 8, 2024, 11:46 AM
Im also a trader but I dont prefer to have such tools cause it might be compromised or inefficient. Maybe Id still relay on the traditional charting and trading parameters for this. Id think it still works. But they say AI automation is also good but seems to see some accuracy cause its also fail sometime.
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tom.cobraFull Member
Posts: 103 · Reputation: 409
#17Dec 8, 2024, 12:21 PM
My trades, my own rules and tools. Copy trading is just an option, but it shouldn’t be well-prioritized. Because just imagine if all traders will resort into copy trading, then there’ll be no reliable traders in the long run. So it will create more edge on us if we learn to trade on our own and master it. Eventually, we will land into a working strategy that will give us consistent profits in the long run, patience and consistency in making our strategy effective and productive should be the main aim.
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bear2021Full Member
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#18Dec 9, 2024, 01:50 AM
Let’s just say that even copy trading isn’t for everyone. Some end up with successful trades, while others end up hanging not knowing what to do next because they don’t bother to learn on their own. That’s the risk if you tend to trade using copy trading, as it will limit yourself from learning on your own, while you get deprived of your own undiscovered trading potentials because you seem too reliant on the person that offer you to copy trade. Trading is never a do or die that you should resort into copy trading if your own trading strategy failed to work. If you think you’re not even capable to trade, then leave. Do not force yourself to trade even if you are crossing the line already.
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s4t88Full Member
Posts: 114 · Reputation: 635
#19Dec 9, 2024, 01:56 AM
There's no shortcut in trading, everything has a process for gaining knowledge. However, if you're too lazy or unprepared to learn about trading, you might find yourself resorting to copy trading. Relying on others' ideas isn't beneficial in crypto trading. We all have the potential to trade, and it’s up to us to acquire knowledge in this field. We shouldn't rush into trading solely for profit, and forcing ourselves to trade when we’re unprepared can lead to significant mistakes and losses.  Taking a step back to learn, practice, and build confidence is often best ideal way.  Remember, successful trading relies as much on discipline and patience as it does on strategy.
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cipher42Full Member
Posts: 133 · Reputation: 682
#20Dec 9, 2024, 05:15 AM
Trading is very difficult and dangerous so people should never start off their tradings without learning before. I'd like to emphasize that learning is not enough for success in trading. Awesome crypto trading. Learn crypto trading. One of best weapons in trading. By trading, you have to leave your coins on exchanges that is another risky practice. Events made you scare about custodial wallets, centralized exchanges. Reminder: do not keep your money in online accounts.
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