- 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.

Honestly... I don't really know... so can't really give you any real details of the strategy. The owner keeps all of that confidential, as is his prerogative I suppose.

My understanding is that it supposedly has some custom coded "algorithms" that search for various trading patterns and attempts to jump in and try to make some small gains. It does both "shorts" and "longs" depending on what it thinks the market is about to do. It is setup to "stop-loss" at max 30%... as we witnessed today