Past 1 month, I have been playing crypto investing using resident investment sifu PrincZe advise and finding.

You can read more of his methods here: https://forum.lowyat.net/topic/5142831/+0


So far, playing this give me a profits of below:



Current average daily profits: 25usd/day

personal capital invested: $4800usd.

monthly rate of return: 44% However, this is during what I feel is an extended bull run. I don't expect this kind of returns on monthly basis.


Best performing pair:

Alice/busd.



Ayam Plans and Objectives.

So my plan is to set an average return of 100usd a day.
Based on my research and calculations, I will need at least US$20k capital. Over next few months, I will slowly building up towards this. I got other investments too, so this is just for fun and source of passive income.

I will update here if ayam managed to achieve this goal in next few months. Wish me luck.

Also, If you are interested, you can AMA on how to get started with this and the current strats Ayam is using. Just be warn, it can be abit technical if you have not play any day trading or forex before. But it's super fun to learn and relatively safe la..


**Disclaimer**

This post has been edited by Liamness: Aug 31 2021, 11:55 PM

Very long.

Got like those u log in u press a few button then can make 100usd?

if got then i want to know

Bursa can get more than that

abang pot-8-O's kambing, see how effective we using our suspension. LOL

park

Please go back to finance section

no need to press anything.

once set up and fully running, it's entirely passive trading.

this is completely a PASSIVE INCOME method.

Park

mod pls kasi dia sus satu kali lagi

He spent 20k for Bigo alone.. how much investment he have in his lil pocket?

Hi Ayam,

This using bot ? I want to follow u try.

But $20k capital for $100 daily, better you go fx trades, can get that with far lower capital. But yes risk is high.

hater gonna hate.

Why hate bro? Is it coz you are a poorfag and not interested to learn self improvement?

what part of scam is this? If you saying this is a scam then please go and report PrincZe for intro his "scam"..

This is not a scam, I not affiliated or selling any products, and I not even sharing much info with /k.

You are just a hater.

What trading pairs available? Every spread on binance can be used?

i got play forex before la.

Too stressful. To me, this makes more sense because of something I'm very familiar with the "Martingale strategy".

dollar cost averaging is a strategy that cannot lose, if you have unlimited funding.

There are settings on these bots that can fully cover a 100% drop in value. And what is the likelihood that a coin will lose all of its value overnight?

Quite low.

The bots are also working best during high volatility markets but there are methods and strategy to also make profit from low volatile markets. And even those red bags you are holding, can be turned into profit. So there are multiple strategies and settings that you can use to make $$.

After seeing what others have achieved, I believe my $100 per day target can be done.

parking

everything that you see on binance, can be traded. Even the down or up pairs also.

You can also link accounts from other exchanges like coinbase, ftx, gemini and more.

But for safety reasons, I highly recommend that you only play stablecoin pairings. I only choose usdt or busd pairs .

And I stick to the top 80 traded coins.

I also have what they call as "Gordon bots", which is a bot that monitors a basket of coins for customized trading scenarios. One bot for instance, uses tradingview "strong buy", "buy" signals to enter the market. These bots once it is set up, will trade automatically for you.

This post has been edited by Liamness: Aug 31 2021, 03:31 PM

Powerful. I might need that

dont forget , the bot need to pay

Trading bot for arbitrage ka?

The drop down red bar in the right means he cashed out or what? Or really all burn profit?

What is the risk like?

if dont want to use this platform, got others.

https://www.pionex.com/en-US

pionex for instance is completely free to use.

It uses a "grid bot" , which is a bot that has settings to buy or sell at fixed prices. Hence the term "grid bot". This bot works best for side ways trading.

But it is more hands on, and will require you to make adjustments more frequently than my bots. My bots, once set up properly is fully passive. That's why I love it.

ya, likely moved funds out of his binance account.

Or, he closed a red bag bot, hence losing whatever $$ position that the bot was losing.

But to me, this kind of drop is cashing out of the binance account. Since the bot site is just taking whatever info from binance like a live news feed.

I have done it a few time.

Regardless instrument, similar strategy can be implemented, at least this what I feel.

What are the key difference here with the bot you are using or this strategy?

Is is still leveraged ?

For FX yes your exposure is huge due to leverage, but if they remove the leverage element, it's quote low risk and impossible to open huge positions.

Bro you sure you know what capital gains means or not?

Capital gains is when you buy a coin and sell it maybe like 1-2 months after.

You are actively trading so it’s not considered as “capital gains”.

parking.
never do forex before. only play demo acc lol.
but the thought of generating 100usd per day really is intriguing.
honestly at this time, if i can make 5usd net-profit good enough d.
its passive income anyway

risks as with "Martingale strategy" is that you are buying into the dip, hence, you are going more and more into "negative trade". But this is exactly what a dollar cost averaging strategy is all about.

Take stocks for instance. People always tell you to buy the dip, instead of selling at losses.

Because then your dollar cost average is lower. Then when the stock rises again in value, you will turn the loss into profit faster and hence, cash out faster.

Of course, the risk here is the value of the pair that you are trading keeps dropping, and it never recovers. Hence, you are holding a paper loss already.

other risks is you simply start bot trading without understanding the settings. - this one I can advise you.

another risk is binance shuts down overnight and you lose your money on their exchange.

or the 3C company closes down and the bots stop trading.

& finally, someone hack your account and withdraw all of the money.

This is crypto trading that we are referring to. It's obviously risky and you should only play around with money that you can afford to lose.

... i'm not holding the coin. I'm trading and turning in my gains immediately.

Look below at the trades my bots are doing instantly:



This is running in background, completely passive. No input from me.

no, im not playin with any leverage. Completely my own money.

i know forex can do similar. But i prefer trading in crypto. because, unlike forex, I can take profit in the coin or in USD.

If I take profits in coin, It's like holding onto gold. The value can still increase, which it has.

From my 1k profit last month, 200 usd was from the coins going up in value summore.

How to setup the bot? I don't see a copy trade function, only these options. And how to minimize the risk?

Sorry didn't elaborate. I played Forex and Options before, so in terms of risk, is this more or less the same?

yield farming

side parking

Which is exactly what i mean?

It will only be considered as “capital gains” if you don’t do active trading, ie, holding and selling after 1-2 months.

By doing active trading (high frequency of trades etc) it will be considered as income which is taxable.

This post has been edited by Cyberbullies: Aug 31 2021, 04:01 PM

He mentioned non leveraged, thats why need 20,000 USD capital to make USD200 per day. Assuming market amplitude about 3% and the bot manage to buy dips and price stay bullish then profit of 1% is highly possible.

Question, for non-Singaporean trading daily or holding stock for months years via Singaporean brokers, are gains/profit taxable for non-resident Malaysian ?

you already stop fishing? so long havent post in forex thread haha

park

So in short strategy is similar but non leverage

1% profit target with capital of $20,000 with yield of $200 per day

Sounds better than mining

are you able to set up on PC instead?

anyways, look for the below settings to create a bot.



Then after you have chosen your pair.

My recommended strategy to cover at least a 30% drop in the market is:

Base order size: 10 USD, Safety Order size: 20 USd

Deal start condition: I usually have at least RSI-7 set to "55". But if you playing single pair, like LTC, ETH, ADA, BTC, etc, then set to 'start deal asap' should be okay too. Just don't aim coin that too risky.

Target profit:
Depends what you think the market is going to do with the pair, and whether you willing to hold profit short period or wait for longer, but make more profit . My recommendation is in between 1.5% - 4%.

turn off trailing take profit & stop loss. You don't need stop loss with my settings.

Max safety trade count: set to 15-25. You will notice once you change this setting and base order/safety order, the column on the right hand side will start showing how much $$ you need in the account to fully cover this bot.

max active safety trade count, set it to max 3. - this setting doesn't matter if you trading single pair. But if you have a gordon bot, then this will affect how many trades the bot will run at same time.

price deviation to open safety order - I set this to 1.2%-1.5% usually. This means that the pair price will drop 1.2% before it triggers the next safety order purchase.

safety order volume scale - this setting is how much more money you want to commit to your safety order size. I.e. if it is set to 20USD and you set this to 1.05, then the bot will take 20*1.05 = 21 dollars as the next buy in. And so on, so forth. Personally, I set this to 1.00, IF my safety order size is already double of my base order size. But some bots, I can set safety order size to the same as my base order size. Then, I will play around with this setting here. I.e. 10 base order, 10 safety order. then my volume scale, I set it to 1.2 or 1.3. Hope that makes sense.

safety order step scale - this setting is also how much of a drop you want to cover. I usually set this to 1.2-2.

That's all the settings I play with, after that, just make sure your right hand readings and parameters are 'green'. then hit save bot and let it run.

Remember, make sure your Max safety order price deviation has a value of at least 30%. This means, the bot can cover a 30% drop in the market. Very important. Don't run the bot unless you can cover a minimum 30% drop. The more drop you can cover, the safer.

This post has been edited by Liamness: Aug 31 2021, 04:20 PM

these bots are Less risky. Way way less risky.

Forex, if move a few pips, and you didn't monitor it, it can wipe out your account.

And options, we don't need to talk about how risky options is versus just trading with actual cash that is in your account. I don't play with leverage. Just money that I can afford to lose if things go sour.

Also, I mitigate the risks even more by setting my bots to only start a deal if a coin drops to the a certain resistance level. You can set up the bots in such a manner that it only trades during certain market conditions.

I have backtested my strategy and settings over 12 months and all bots that I run is able to cover massive dips in the market. The last dip where bitcoin went from 50k usd to 20k, my bots had no problem trading in this conditions and take profit.

It really comes down to how you set up your bots.

This post has been edited by Liamness: Aug 31 2021, 04:14 PM

Afaik (but don’t quote me on this), what matters is from where you are operating/trading (where the majority of the decisions are made when deriving the income).

So even if you are say a SG PR but is operating in Malaysia when deriving the income, you are subject to the taxes in Malaysia.

It is not as simple as just choosing which country to pay tax as Liamness claimed when you have SG PR (although it does not matter in his case since capital gains tax is not taxable in both SG and Msia). But then the high frequency of trading would mean that his gains are considered as income which would be taxed normally.

So to answer your question, daily trading = income hence taxable. Holding gains = capital gains hence not taxable.

This post has been edited by Cyberbullies: Aug 31 2021, 04:16 PM

Ktard standard you talk about financial that is real and correct shit also kena hemtam, what more this nonsense.

Got ppl said bet big everytime and double the bet when loss indefinitely also sure win strategy

Everytime a trade is done (buy/sell), got fees charged by exchange right

Here gt business section or even k also gt btc crypto section die die wanna spam k

if trading Busd on binance, there's no fees.

usdt, small fee. but cmon.. your profits you making, these fee is nothing.

Daytraders never end well.

However, there are probably 10% of it that made it. Best of luck. I think the bull market is still here for quite some time with diminishing returns and lengthening cycle. Just enjoy for now

This post has been edited by Zenph: Aug 31 2021, 04:25 PM

wow i already headache reading the technical terms in this thread. can i just pass my money to you and you play it for me?

Method to earning 100USD/day

Average 25usd/day

?

It's scalable.

Meaning I just need to add in 4 times more funds and increase my settings x4, then theoretically, I will be making 100/day.

The method and time is unchanged. Just how much more money to put inside.

trade trade liao when have money a lot, the bot steal all from your wallet, suddenly your funds all transferred bye bye

Liamness any way to copy trade exactly?

haha, serious expect spoon fed ah?

Haiz.

Okay lor.. nah, copy away..

https://3commas.io/bots/5265534/shared_show...cret=6542c245bc

Rule of life. If someone is getting a windfall or profiting. They would never, ever share it with anyone. Always be careful of scammers. Sometimes they really do not look like one..but they will always always have a modus operandi that we are not in the know. You guys are not new to the ways of the net... be careful.

I got no skin to scam people. Do you own due diligence and figure this out yourself.

It's not hard to tell whether I can profit off you or not. I sharing knowledge, but do your own research.

Not sure where you got this terminology from..

Trading isn't my full time job, and to me, it's just the same as capital gains. When I declare this income source, it's clear to me and the tax people that it coming from investment.

This post has been edited by Liamness: Aug 31 2021, 05:06 PM

i used to dabble in mining too. Problem with mining is expected down time and you may need to actively manage it to ensure everything is running smoothly.

There are alot of educational youtube videos out there on this.

This guy is made 100k profit in 8 months. His capital was 30k.



Just like me, after testing the waters and learning for 1 month, he slowly started to increase his capital.

I sharing for knowledge purposes and awareness only la. It's up to ktards to do their own homework to see if want to play or not.

all in

Just curious

Are you aware of the amount of tax that luno charges when withdrawing to MYR

Im not adverse to paying tax or brokerage fees of the sort, just trying to gauge what the minimum would be to make even

RoyalQ ni..

Understood, there is complication to day trading income then, just pay tax if necessary. Need to signup for CRS on SG bank side as well.

Thanks for the sharing. If the money is good, 2x growth over 10k capital is very very good. If risk is manageable, by all means all out.

ya, im aware.. crazy expensive. I don't use luno.

Try other methods perhaps? Like CIMB bank transfer. Set up a SG bank account that can transfer to Malaysia for a good rate.

Is it only effective on Binance?Only worry about the SC try to cockblock binance.

Unlimited double up, why not focus on long term investment? Or you just tangan gatal?

got la. I got play bursa and us stock markets too. those buy and hold long term. No open see everyday too. haha.

Diversification yo! Road to retirement means you must keep on investing and ideally building multiple income streams.

don't just be unker, rely on high flying corporate job. If you 45 year old suddenly made redundant, and you have high commitments. Die standing liao.

invest whilst you still in your 20s & 30s. Then if reaching your 40s and you lose your job, you have passive income streams to lessen the burden

SifuPrincZe

Haha no offence bro I am just telling you and everyone else viewing this thread in case it comes back to bite you or them in the form of penalty.

Anyway I am not plucking it from nowhere.

https://www.theedgemarkets.com/article/thew...-need-pay-taxes

"The profits made by individuals who occasionally trade cryptocurrencies or shares may be viewed as capital gains, which is not taxable in Malaysia. But the profits earned by individuals who trade frequently may be viewed as revenue and thus, deemed as taxable income."

Bot or not, it's highly likely to be considered as "frequently trading".

Singapore's stance is more lax on individuals I guess since they are more focused on companies who do the above.

https://www.iras.gov.sg/irashome/Businesses...Digital-Tokens/

https://www.iras.gov.sg/irashome/Businesses...nce-of-a-Trade/

But tbh if you are operating the bot/viewing the bot activities/managing the bot in Malaysia, you cannot declare it as Singapore income lol.

Good luck!

If you are currently in Malaysia, then you have to pay taxes in Malaysia. If you are currently in Singapore, then I guess it's more of a grey area, so as long as your day trading income is not your sole income and just side income, IRAS will just close on eye (I think).

True to that, people are easily replaceable. You are your own.

https://3commas.io/exchanges

got quite a few exchanges supported gua.

but obviously binance is the best because they have the most supported coins la.

ya la.. stupiak SC..

Everyone is an investing genius during up trend.

can la, why cannot. haha.

I'm not tax resident of Malaysia. Quite weird, I got written a few times to Msia. They just asked me to show my IRAS statement, which clearly shows all my declared income in SGD.

They say im not a tax resident in malaysia lor..

I don't think the tax office can even track my crypto activities.. firstly, for binance account, im using my singaporean PR details. and the money source is from SG. everytime I withdraw to malaysia, all they will notice is my remit to Malaysia from my SG bank account. Which i can easily proof as declared SG income on my IRAS statement.

I'm good.

how long has this bot been running ? just one month or the whole year lioa ?

because if just one month, currently crypto is bullish mode... so abit easier but if sudden plunge how ? has the bot tested with these ?

Park

true that.

but dont hate me ya, my method is even better during down trend.

I want the market to go down and fluctuate.

Market keep going up, I can only make few cents per trade. But if down trend, hoho.. this is where I make the big bucks with my DCA strategy.

Good question.
Yes, I have only been running my bot for just over 1 month now.

That being said, I have simulated backtesting on my bots.

Trading view have scripts for you to use to simulate your settings over a long period of time and see what kind of result you are looking to get.

https://www.tradingview.com/script/9NXf1Bqb...CA-bot-3commas/

Of course, this is all theoretical. But the main juice is understanding what the bot is actually doing.

You see, I have set up my bots to only enter a position if price that drop to a resistance level. Then I also added in an RSI condition, to enter the market during "overbought" scenario.

If you are a day trader, these are some scalping conditions. So once you understand what the bots are doing, you also relax abit and learn to trust the strategy and process.

Overall, just make sure you play with money you are willing to afford to lose.

To the moon!

Park. Thanks for sharing

parking for further updates

ayam noobie also want to learn

This post has been edited by HokkienMee_Lover: Aug 31 2021, 08:04 PM

true, unless you have unlimited funds... LOL

if you start with 10USDT per order and keep doubling it on, on the 10th order your will be needing 10k+ USDT for that order.


investment/trading is a skill that one should self learn. never put you $$ on other's hand and hope they will make you rich.

the truth is I meet many traders who follow so called 'expert leaders' and I see they always brag of high profit with unheard coins and they would normally go in when the coin price is rising. then I teased my friend since he is following the group trade, but then only he told me out of those promoted high profit trades, there are still many more orders hanging at paper lost. imagine buying at 100+ price while the coin is now at 70+ only

Do note that I am not insulting TS, but just that if you want to make profit from trading, make sure you learn the trade and make your own decisions.

that's the problem with the market. many are out there promoting and promising high profit scamming people around. have to be smart.

lucky I come from IT background and managed to built my own bot. started on May and it went to the low june & july period, lucky still make 10+% profit

majority of Malaysian now on RoyalQ bot, about 0.30% to 2% return a day. no ned do anything once u copytrade with someone strategy. been good during bearish and bullish.

Read through all replies still haven’t see ts lambo and yacht

No need lambo and yacht. Enough passive income to survive jobloss/paycut or even quit the toxic workplace is already a big plus.

100% correct on learning to trade and make your own decisions.

Actually, this trading bots are an extension of myself. I use a dollar cost average strategy, and I monitor for scalping situations through plotting charts and looking for resistance and support levels.

I spend time doing technical analysis, backtesting and strategising using charts like below:




You see, I understand what I'm doing, and thus, have confidence in letting the bots execute the trading, as I have control over the settings and deal buy conditions. I sit back and watch, monitor, and spend time making sense of the trades that my bots are doing.

Think of it as an extension of yourself. Only, it can monitor the market 24/7, and all of the coins market condition at all times.

As a human being, that's just not possible..

beware ya. never ever ever entrusted your trading to a bot. your account will be wiped out sooner that you think. it's just a temporary bull or bear run. you have been warned.

so how long to ROI?

Nice! Parking for future reference.

My upcoming mining :

Daily generate 350 cryptocoins per slot of a machines.

Current price of the coin = USDT 0.60

A year generate 350 coins x 365 days = 127,750 coins

One slots investment USD700

Imagine invest USD3500 (5 slots)

A year i might have 127750 x 5 = 638,750, so i assume i will have 500k coins due to more machine mining, daily will reduce quantity.

500k x 0.50 (Let say average price) = USDT 250k (Around RM1m++)

What is the difference using 3commas vs those exchanges trading bots? any reasons to use 3commas for the subscriptions vs the bots available in exchanges features.