hey guys, i came accros this site mudrex.com which is a ycombinator backed startup. they have many bots which are showing anywhere from 10-400% monthly returns, that much high returns is insane. if you have used bots or currently using bots, is that much high returns possible? i have never traded with bots, while this website looks legit, these bots are litte doubtful to me also not many bots support US based exchanges #bitcoin #crypto #trading #investing #algotrading #tradingbot
Oof, crypto? Garbage in is still garbage in even with bots
We will see :-)
OP how did it go
I don’t doubt it that it’s possible, but I’m always skeptical of black box algorithms. Does it survive a backtest? Does it account for sharp drops and changes in volatility? Is the arbitrage opportunity big enough that you can make 100% profit with $100k or is it limited to $100 range? What’s the service uptime?
Backtest results are there, system uptime is there It has stoploss and take profit, which can help in sharp drops and volatility Currently I think most support max $1m on one algo. Only limited exchanges decent liquidity