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

- 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.

This seems like a pretty big problem on either the part of Bitmex, or the bot creator. There shouldn't be any reason why a VPS shouldn't be able to connect to an API endpoint given it has a valid API key/can authenticate.

Quote from: HCP on December 05, 2019, 07:37:37 AM

Quote from: pooya87 on December 05, 2019, 05:29:22 AM

could you please also add an ELI5 of the strategy that the bot is using to make this profit.

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 Roll Eyes

If you are running a program on a VPS you have access to, you should be able to review the code to see what triggers the bot to make various trades, and have an idea as to what strategy(ies) it is using. There is no 'guaranteed' way to make money trading, and different strategies will have different success in various trading environments.