Live stream, new indicator and sideways market bots

November 3, 2022

Live stream: TA and bots

In this livestream we covered:

General market TA and on chain data indicators
Why we should be targeting sideways market and how can we adapt our bot trading to those conditions. Which ORC signal is performing the best
News on METER signal
Let’s build a sideways market bot from scratch – cherry picking assets that are strongly correlated with BTC
Serpil signal + MC ORC performance

New indicator: TTP Correlation

In the livestream we introduced the concept of correlation and why we needed an indicator to allow us to scan for assets that are following closely BTC steps.

All VIP and higher tiers will get access to this new indicator. You should have already received an invite and can copy the correlation indicator chart from our charts section.

I included in the chart 2 more freely available indicators that should make much easier your search for positively or negatively correlated assets.

TTP Correlation offers to pick multiple assets and then visually comparing correlation against an asset
BA CC does the same but comparing only to a single asset at the time. It changes colour from green to red when the correlation is positive or negative
The correlation matrix also allows you to pick multiple assets but this time it gives you a summary and can compare all selected assets agains all

Correlation indicators and correlation matrix

Sideways market versions of Serpil

One of the first experiments with MC ORC was with Serpil.

Serpil performance has been affected by the use of SuperTrend indicators for bot orchestration.

In a sideways market SuperTrend doesn’t really help much. There’s no actual trend. The price action is choppy within a range and ST keeps calling for a trend when there isn’t one.

So what do we do?

We try something different: MC ORC. Market Cipher divergences are a great way to forecast trend reversals in any timeframe. And instead of looking for confirmation we just toggle bots accordingly.

A couple of weeks of paper trading already show a massive difference. While Serpil bots behind ST or STHA2H ORCs are digging a hole in the ground. The ones using MC are actually doing pretty good.

I’m starting to run some of them with real money and small amounts to see if this is sustainable but I’m finding difficult to not get excited about the promising results.

The bots below pretty much managed to do pretty good and that’s mostly thanks to the early exit that MC provides. They use close deal at market price which as you can see below doesn’t leave any deal open. They are at the moment all switch off and in profit. BTC pairs had a great run I have to say.

3c-tools