Update 1st of Februray :
I pulled the plug. 3 catastrophic losses in 2 months.
Each loss reducing balance by 30%.
Starting point : 0.15 BTC, ending point : 0.0659BTC
People were right, I was stubborn !
Arkane is SHIT !

The idea of this thread is inspired from HCP's experiment. See disclaimer at the end of my message.

Backstory:

I was lurking on some board I usually don't go much and found the thread about the Arkane bot and after reading quite a few pages I was confused between this being a genuine great deal or an attempt to scam.

I did look at the numbers, the unfamous "test" bankroll of 100 Btc being transformed in more than 800Btc in less than 2 years.
The bot is advertised as having a ROI of more than 700%, this is too good to be true, but in a few years in crypto I have learnt that trading can be profitable and with a good strategy huge payouts are possible.
Well, I decided that I would try by myself. I would make abstraction of the OP writting that an API is like a private key. I would also turn a blind eye (for now) on the Red flags, and red trust that the OP has.

I would either lose a little bit of money, or make a little bit.
I initially had in mind to put 0.075 but then decided to go with 0.15BTC.

Initial Setup:

I contacted CryptoSparks on telegram (reminder : it is always recommended to contact members through the PM of the forum. It is easier then to prove messages exchanged).
I tried to negotiate to get the VPS fees for free, he turned me down. No hard feeling, the fees are 9 euros. Paid directly to the VPS provider.

My one month trial started on the 29th of November and I am all set up until the 29th of December.
It took one day for the first trade to be executed.

The purpose of this thread (similar to what HCP has done ) is to share my experience with the performances of the Arkane bot, from an initial deposit of 0.15BTC... I'll be reporting updates with Bitmex account screenshots. Data can be freely used by anyone for any purpose (see disclaimer at the end)

Current Results:

Daily Results:

Overall Results:

After 6 days of trading my account is 20% down... The loss is 0.03BTC = 224US$ ( 10$ for VPS fees to be added, total loss is $234).

For this month, I have deducted the VPS. However, if the bot carries on with good results, it is possible that the commission I pay for December will allow me to have the VPS fees waived for January (If i renew my trust in the bot).

The numbers that are bold size 11 are the numbers updated at the 6Rd december - Bitmex date.

NOTES:

HCP wote the following, and the same applies to me. (I am UTC + 12).

Quote from: HCP on December 02, 2019, 02:28:20 AM

- Deposit was made on Nov 29, but Bot was only setup and running on Nov 30th in my timezone UTC+13.

- It seems there is something wierd in the display of dates by BitMEX... today is Dec 2nd UTC+13, so not sure how BitMEX is already in Dec 3rd??!? Huh

- I am aware that some users DO NOT have to pay the VPS fee due to special promo's and deals... I am NOT one of those users, nor does it appear that this deal is currently available (I asked when signing up), so the VPS fee will be included in all my calculations until such time that the "$50 monthly commission == Free VPS" rule kicks in.

- I have been advised that there are likely to be a few minor 0.000000xx BTC "losses" incurred from time to time due to a problem with the BitMEX API. My understanding of this problem is that if you don't trigger the API at least once in a 24hr period, it can become unresponsive and "freeze", meaning that the bot will no longer be able to function properly. The end result is that on days when the Bot is not trading, there needs to be a small instant "buy/sell" type trade just to keep the API "active". Again, this is my interpretation of the issue and probably a bit oversimplified, so I apologise for any inaccuracies.

Going forward, I will try to post the results of my account so we have some more empiric data to call the bot a "yay" or a "nay" HCP is also doing the same in a separate thread.

Quoting HCP here, but I am basically in the same situation.

Quote from: HCP on December 02, 2019, 02:28:20 AM

Also, I should point out, that I am a complete novice idiot when it comes to trading... I have no idea about margins, positions, leverage etc... The limit of my knowledge and trading has been at the level of "lets buy some BTC at $X... lets sell some BTC at $Y"... hopefully with X < Y! Tongue

So, don't be expecting any in-depth market analysis or pretty charts with lines drawn all over them claiming to predict the next pump or dump... it'll basically be some screenshots showing daily and overall results with the basic calculations of GROSS and NET profit as above Wink

Don't expect me to do some in depth analysis.
If people want, I could share some csv files from bitmex to show the type of trades the bot is doing. ( probably not the full history as this could be seen as breach of trust with bot owner if people can retro engineering the bot from the orders ...)

Disclaimer regarding this experiment :

Quote from: guigui371 on December 01, 2019, 07:02:35 PM

At this stage. i do not endorse the OP.
I have put some money that I understand i can lose.
I am not an alt of the Op, I am not being paid by the OP, I don't even get the free VPS from the OP.
I am not sharing my "referral" link
I am not advising people to join, people should read the entireity of the thread as well as HCP's one too !
I'm just reporting my journey, and be assured that if the bot start to make losing trades, I will also report them here.
I do not believe I will get a 800% ROI. [/b]

Special thanks to HCP that allowed me to use his layout to format my thread.

I will update my original message with up to date data.
I will also keep an archive version of my 1st message unedited.