Post
Topic
Board Trading Discussion
Algo Trade on Bitmex with Orion V1.0
by
sahni619
on 04/11/2019, 10:05:48 UTC
Orion  V1.0 is a Long-Short Strategy specifically designed for XBTUSD Perpetual Swap Contract, which is tied to the Bitcoin vs. USD pair on Bitmex Exchange.

What does Orion do:

It hunts for trades in any market condition, be it bullish or bearish. Avoid using it in sideways market

The main goal is to make MONEY

Bot Settings:

Long-Short (Preferred Method)

Long Only (If you see the market is Bullish)

About Leverage: You can run this version on 1x, 2x till 5x though I personally do not recommend to run on a higher leverage setting.

Use 1x or 2x for safe returns

Use 3x to 5x for high but risky returns

Run the Bot on 1H, 1D timeframe

Risk Management: I have set a stop loss of 10%, so in case if market goes against you it doesn’t lose more than 10% on 1x, however on higher leverage it multiplies with 10, so keep that in mind before starting the bot.

NOTE: I advise to run the algorithm  over longer time periods of at least 3 months to gauge the exact bot performance.

If you don't know about what Mudrex is ?

Mudrex is a platform that helps you create trading strategies without writing code. Isn't that easy? Yes it is, you just drag and drop various blocks and connect those blocks to buy and sell blocks to generate signals.

Mudrex Pricing : https://mudrex.com/pricing

If you want to subscribe to Orion V1.0 for just 35$ per month just click the link below

Orion v 1.0 : https://mudrex.com/marketplace/6593453d-4f55-4960-a256-b22b5c961b76

I would love to hear feedback's, suggestions or any questions in your mind.

Thanks and Regards,
Vivek Sahni