thetradingparrot
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The "Parrot Poison" signal: update 2
🕑 Added 2021-02-19 10:42:54 +0000 UTCOne of the problems I found with the "parrot poison" signal that I've been working is that even though it fires precisely at the bottom of each dip this doesn't happen frequently enough: only once each two days per pair.
Test showed that all deals closed at profit and pretty quick, but not enough deals were open to make of this a great signal to use.
So I've been busy working on finding new ways to catch new profitable entries with the signal.
The chart below is a period of 12 days for ADA. As you can see the green signal only fired 3 times. For other pairs it fired more times, but still not good enough.
Now the great news is that I have now two separated triggers that work in combination to fire the parrot poison signal: the green and the blue signal. Each one has a variation of the same BUY condition. They complement each other pretty well.
Have a look at how these two signals are firing in the same chart:
Improvements:
1) 2X number of green signals in profit. It's been improved to produce double BUY signals without impacting the ratio of false positives. As you can see I picked a period where ADA is pulling back to see how many times I would be trapped holding a red bag. Backtests show that all the deals would have closed in profit.
2) Blue signals have been introduced to the signal and are much more frequent than the green ones. They are also more risky so I'm working on reducing the ratio of false positives to a level that they still fire frequently enough while keeping the need for manual intervention to a bare minimum.
I've learned a lot while doing building this signal and I'm keen to share plenty of tricks in a new video ASAP!
These changes were introduced during the last 5 days so we need to keep an eye on how this now plays out in real scenario. I test all my signals with real money. The bot can be accessed on this link so you can also see how it performs from now. The signal won't be available until I sign it off based on the quality of the results of the next weeks.
Availability
If this signal proves to be as good as it looks after the test results then it will become available to all VIP members. VIP members can hooked up up to one bot to the signal. VIP with calls get 2 allocations.
If we manage to scale up our systems to handle bot submissions for signals using an automated system then we may consider offering this to Parrot Observers too (currently is manual, taking 3 to 4 hours to add all your bots one by one on Saturdays). We are working hard on finding ways to scale this up, the less manual work we have to do the more people can get them.
I'm also in conversations with Alexey ( the Marketplace manager at 3Commas) to see how can I get my patreons to get the signal for free via the marketplace to avoid us to have to pay for patreon and for marketplace separately. This would be a dream as I wouldn't require ANY manual work to get all patreons to access signals.
Previous articles of Parrot Poison
The previous article can be found here.
Pairs and exchange compatibility
Currently I'm running it against USD_BULL, USD_LTCBULL, USD_SUSHIBULL, USD_LINKBULL, USD_ETHBULL, USD_THETABULL, USD_ADABULL
It's also using FTX.com Once it's ready we will send out a poll so you guys decide between Binance.com or FTX.com (BULL vs UP leverage tokens respectively).
Comments
I transfer USDT from binance for almost zero fees from UK...no sure if that is available too from EU
Why is FTX more of a nightmare than binance?
Yes please do it for binance.. Ftx is like a nightmare for us that are not experts.
Thanks for the info! I mentioned what you told me to them. Hopefully they’ll come back soon to me to confirm!
Hi. 3Commas can do what you want. I had a CQS premium subscription last year. I joined through his website, and we had access to the CQS premium signals on 3Commas. As long as we used the same email on 3Commas that used to sign up with on the CQS website. So shouldn’t be a problem I don’t think.
Looks promising! Great work 😄
