Open transcript
Over the past 60 days, I've been testing out algorithmic trading. I'll just show you guys very quickly here. This is the dashboard. The AI has been trading and honestly, past 60 days has been good to me. I made $1,224 on just a mere $10,000 investment. In fact, the results are so good. I'm doubling down on it in today's video. I'll be showing you guys some of the precautions I'm taking, how to manage my risks when it comes to this, what the dashboard looks like. And of course, why I'm doing this. Now, this platform itself, it's called LiveCopier. I know the name is a little bit weird and bizarre, but so what I'll do is I'll just show you guys the interface, what I'm doing and what bots I'm running. And then I'll give you guys a step-by-step guide of how I achieve this. And then of course, more deeply how to look into these strategies in depth, do the backtesting, do risk management, everything in this video. Lastly, of course, this video is not financial advice. I'll give you guys a little bit of a look at what this platform is. So, um, the platform is actually pretty good in showing you what happened. So I'll show you actually what happened in the last 60 days. It makes a little bit more sense here. So when the algo just started, um, I put a little bit of money in. So I only put a thousand dollars in. That was his suggestion as well, because he was like, yeah, don't go crazy. Just try it with a thousand bucks first. And, uh, at the start, uh, they actually lost a little bit of money. So you can actually see that on this chart here, this is the cumulative profit and loss. So at the start, when a bot starts running, um, it actually started losing a bit of money. It wasn't much, it was like $10, whatever. But it actually did have a losing streak, which is important to remember that the bots don't always win. Right. There's no, there's no shitting as always been. It's going to make trades. It's making trades on the live market. And there are days when you're up and there's days when you're down. And there's days when you're down. And there's days when you're down. So you can see that on this chart here, you can see that on this chart here, this is the cumulative profit and loss. And then the red line is actually when it's overall that cumulative down, that means the entire fund is down. But of course, during the last week or so, I did have an insane, uh, bunch of wins. Right. So some, uh, on some certain days, like for example, this day, the profit was a huge profit in the same way, this day the profit was actually $654 which actually the cumulative amount made it at the house and blocks overall so this is so so it really depends and the general trend the general pattern is that when the markets are moving up or down these are bots will make money but when it's moving sideways they tend to just slowly bleed out okay so that's that's kind of what David told me um it's privately the bots that that were configured here generally speaking they have a pattern next I'll show you a little bit as well here's on my bots that are running so I actually don't have a single bot I actually have multiple so you have one two three four five bots here and they all have different strategies and this is actually quite interesting as well this is something that it helps me understand a little bit more about each individual strategy because every bot takes in different uh signals right it takes different signals from market it looks at different aspects and as a result they all have different wins and losses and if you look at uh the analytics overall you can see that there is actually one bot that actually overall lost money so this bot this is uh ICMC004 and actually overall lost 55 dollars 53 dollars but other bots like the AI bot ARS003 this one is in a total profit of a thousand dollars and that's actually quite crazy because on that account it only started off with two thousand dollars so it managed to actually like 1.5 excess money within the last 60 days so that's actually quite incredible if you think about it and so what happens is that these bots all run at the same time they make trades at the same time and what's actually even more interesting is that you can actually look at the positions at which the bot enters right at this current point you see that uh one of the bots so this is the AI RIS003 it's got a long on at right now at this current point it's got the size this is the size right here in the entry price and this is the current P&L what I notice is that sometimes the bots actually go against each other so it's actually that's also quite interesting too so sometimes the bots are longing and they're all longing but sometimes some are longing and some are shorting so it really goes to show that different bots different strategies will have very different um outcomes or uh trades even if it's at the same time it'll interpret data differently so that's a kind of an overall take on myself so I'll buy bots running the overall it's making money um accumulating money over time and then I can track the performance of each bot and I can start adding or removing funds from each bot so that you know the ones that perform better I'll be more money into each of these bots are on a separate sub account which means that they cannot affect the main account I think this is also very important as well uh for for me just to know that because because the bots are on separate sub accounts that means that they can never affect my biggest pot right they'll never uh they'll never go beyond the boundaries that you set it so if I set it and I'll only give a thousand dollars well they only get a thousand dollars to play with but if I choose to feed more over time that's fine but if I choose to remove it that's fine as well so it's all very risk controlled it doesn't affect my main balance all right let's uh take a look at these bots then so now that you kind of know roughly what I'm doing myself let's take a look at these bots in detail and let's talk about what's uh what's happening behind the scenes so the live copier platform you actually get to choose different strategies and here's where um they make money so they charge money by the plan right so the premium plans get more access to different strategies so and um there's different amounts of subscribers onto each strategy as well so once a certain strategy is filled up they actually don't want more people joining it I explain why in a second now uh what's kind of interesting is you can play around there's actually plenty to choose from so I chose a few that were recommended by David he was just like you know like piss these out there's the most important thing about these bots is that there is something called a strategy tester so let's say you go to strategy tester and this will link you into trading view so this will give you this will give you back test data into what the bot is doing or uh will do um on old data so act upon this old data and show you what it's doing now what's also quite interesting is that if you're on trading view which is something that I do recommend you can add this to favorite indicators all right so this allows you to add what the bot is doing to the view of your trades so this actually gives you a lot of ability to backtest and look at the historical actions of this data and also when you're looking at uh your chart you can also see uh kind of what's been happening what what trades are going on right now um also it's actually quite interesting to look at this chart as well I guess I guess uh since you're here on this page we can look at this chart so you can actually see that at the start of the strategy the strategy was actually underperforming was actually down right before it went up this is how basically how much money accumulated after it started growing but there was a period which wasn't a very short period either where um it did actually lose money all right so this is actually quite important to remember too that sometimes these things start underperforming over time and the best way to look at these charts is that you want continuous growth right so if you actually if you actually look at these charts some sometimes they just like like this one for example right you see a period where the funds are growing but you see this period here where it kind of wobbled and went sideways for a while this is something that you don't really want all the time because if you started the and activated about here you'll start losing a bit first and you still probably wouldn't have gained um at the end so this is kind of how to look at the charts if you're looking at these uh strategy backtest data you want something that's consistently moving up over time so it's not just about the biggest gains the biggest roi right that's you might be tempted to look at the biggest roi here but actually not having a big drawdown period like this one would be quite bad because you have a very big drawdown period here and that's not that's not cool right so that this period here was bad in fact i don't know why but technically speaking there was a little bit of a red here which is why i i'm open up into it but on this trading view in this particular view uh it doesn't show it because i guess it's just the time frame but regardless it's actually quite important to remember like you if you want to choose a strategy you want something that's been kind of constantly moving up right so even if it's moving up slowly it's better than moving down aggressively and then moving up because yeah moving down kind of sucks and it could drain a lot so all right so that's that's it and once you add it to your favorite indicators so um let's see let's say for example the ai std uh 0 1 4 i have no idea why it's called an std oh gosh okay so let's go to trading view so now you can add it onto trading view and then it can tell it can show you when it enters and when it exits the long so say for say for example this is actually a pretty good trade so if this was running it would have entered a long position at uh 1587 dollar for ethereum and exited along here you put that that part is obviously it's not the smartest like it did capture this wave but it didn't capture this one which is kind of interesting too so it will get every single way right so that's kind of important to remember with ai like there's certain conditions that it hits and then they'll execute a trade but then it will capture every single up or every single down right that's that's not that's not what it's designed to do but as long as it's overall winning you're gonna make money right so that's that's where you can put it on your overlay and back test it yourself on your strategy so you don't have to trust the website you can just like put it into trading view it's basically all code you can't see the code trading view sees it they won't show it to you which is a little bit shitty but it will um display here so that's it for basically understanding what a strategy is so basically when you're picking out a strategy you want to look at the overall kind of back-tested history of how it went and if it's consistently up that's a really good sign like for example i think this one actually looks good even though the the start of icmc006 sucks the end result is actually not bad right and then of course once you go to testing it out it works now it's also quite interesting to see uh what coin is for so they suggest it for certain things so say for example icmc006v2 this is for ethereum you can see the ethereum logo here this is more for big gear more towards bitcoin but the funny thing here is you can actually always configure it for anything that you actually want okay now let's take you through the starting process for one of these things obviously you need to start making a website on livecopier i have a live coupon i have a code down below if you want to use that so what you want to do is you want to click start bot it does involve a little bit of clicking so and getting the bot apis done but i'll teach you guys the best strategy that i've been using for this first and foremost i need to get into my main account on bybit all right this is quite important because the main account can create or modify uh different sub accounts and i want to put everything into sub accounts it's actually quite important for two reasons first and foremost the trades won't operate if there's already a trade operating so you need to have a like a like a unique account so the bots can work second of all you manage your risk because at the end of the day you it can the bot can only lose as much money as you put inside right you don't want to touch in your main account and nor do you want to give it access to touching funds on your main account so that's always always always a no-no so let's create a sub account sometimes what i like to do is i actually like to call the sub account uh the same name as the boss trading strategy i'm using just to clarify make things easier so i just say the username is icmc box i'll put box at the end because it's like you know box my box right also it's quite important here that if you're using bybit um and using with livecopier livecopier does not support the unified trading account at this current point so standard account is the one the way to go all right so now you see that this uh sub account is uh created i need to transfer some assets so i'm just very quickly going to transfer some from my main account my spot to the the derivative account of the box of the new account um yet again if this is too much like too crazy for you it'll become very apparent when you play with sub accounts like i just play with them a lot so i understand which account it's going to and whatever the hell right but anyway so um i'm going to transfer two thousand dollars over to just set everything up um and you'll just see the two thousand dollars pop up and you'll see that my account has the main account has less money so the next step is really to allow livecopier to access that particular sub account right this is done through an api key so here you want to go to api management and then create a new key the one that i use is system generated and it's allowing um access to read and write so let's let's start this back a little bit what you want to do is you want to open you want to set this up this window up here to create a key but you also want to connect uh add exchange on livecopier because it's going to show you a special ip address all right so don't enable fast connect use connect with api keys so here it's actually um this white listing address that's quite important to copy to bybit because you only want livecopier to be doing these trades so this will limit it from bybit's end so even if a hacker gets your api keys they're not able to do anything else with it or anything crazy with it because it's restricted to this particular ip address which is this particular computer that's running it all right so this is actually quite important icmc i'm just labeling it anything i want but this is quite important the second thing is api permissions is that you're going to enable read and write because it needs to be able to do orders for me what i do is i just enable it to do uh contra uh contracts and spot whatever the trades and then i'm also allowing it to access exchange history but however i'm not giving it access to account transfer or sub account transfer i'm not allowing to move funds all right that's also quite important too because just in the hypothetical case something gets hacked you don't want the hacker to get access to moving your funds out they can trade all they want enjoy enjoy but you don't touch my money all right so after i click submit um i'm gonna have to enter the 2fa code for this and then i'm gonna get the api key all right so the simple thing to do is just take the api key and the api secret and just copy it into here right api key this one api secret that's the one you don't want to keep and then icmc youtube so once that's done it shows up here as a new exchange link so this is by bit then you actually see that i have different connections etc uh to different accounts here uh pretty transparent on that so this one is just for the youtube live stream and now i can start running my bot right so i have my bot here i'm gonna check strategies i chose this one so icmc006.yourbot and i hear when i say it's connected to the bot i'm gonna see icmc youtube stream um stream here now i can choose point e yes um for me i chose um cross margin a wallet percentage uh this is actually quite interesting just the way to calculate it i know a lot of people are iffy on 100x leverage but what this really means is that um i want to 100x leverage on 5% of my coins here i'll explain why that's uh that's being used right here i'm going to choose um 100 500 percent so this actually means that um first of all it's cross margin so it uses the entire account in case something weird happens uh it also on the wallet percentage it uses 500 percent which is really just five percent so this is like 500 divided by 100x is five percent so it just uses 100 out of the 2 000 or every trade it executes so this is my risk tolerance for this so what it kind of means is that every trade it does um it uses a hundred dollars only which means that it has to lose like 20 trades in order to lose the entire pot right um if that makes any sense for you so uh this is just roughly uh what it is i'm also using wallet percentage so it scales up every time it makes um gains it will just uh increase the amount that it's using so always use five percent of the funds each time now what's actually quite a uh neat feature is that you can also just it auto copies to take profit and stop loss percentages here and just one last note as well so if you just click back into it the ui is you get advanced features here but uh it's actually quite uh important for me um for me personally i put it my stop loss at the mark price so this doesn't just take the last price on the exchange so sometimes there's like a crazy volatility for a few spike seconds so uh you might lose out on a trade there if it's like um set to the last price just because on that particular exchange which is vibrant on this one um it could go crazy but if you put it as a mark price it just evens out kind of the crazy insanity that goes on so yeah that's pretty much it for uh this just save bot settings and you're pretty much good to go on on these bots that's it's really pretty pretty simple with as that once i started basically you can see it right like uh it may or may not not take orders it might take a few days just to take orders but what you're supposed to see is in my analytics it'll start showing you the profit and loss you can also go into that particular account to verify that this is working so in this particular one you can go into accounts um orders derivative orders and you can see what uh usdt perpetual orders it has so right now obviously i just started this as nothing but if you actually go into the ai one say for this particular one you can see uh what trades it's making and what uh i look at what it's doing all right that was a long video that was a long description i didn't expect it to take so long to go through it but there was like quite a lot of detail into setting this up so i hope you guys appreciate that i'm not sure if that really is good enough to cover the basics for this i feel like you know it's like the thing with every single video if you like you don't do a good job um explaining things until you after you watch it i was like ah maybe i should you know talk about this more but if it's not clear enough guys leave a comment about like what you're interested in and i will try to cater that content to you guys this is a very big topic it's not a simple topic in fact the guys who do this it's called justin david they spend like hours doing these classes and um it's not as easy so i'm trying to break this down in 20 minutes not super simple but at the end of the day hey uh i will be interested to see if you guys are willing to try something like this you know any amount actually works um at the start i only tried 1000 but i'm actually pretty sure 100 will work too uh just as well also guys if you guys are interested um if you guys are interested in trading or getting anything right now bybit has a special offer so this is the exclusive iphone 15 max 500 and 12 gigabyte giveaway so we're going to give away three well i mean not we actually buybit i pushed them to get this like deal done and this is exclusive to the box money um channel so you must use my link
