Dan Hollings "the Plan" Reviews?

oatmeal

Senior Member
Joined
May 20, 2015
Messages
1,184
Reaction score
785
The idea is that you use bots to do hundreds or thousands of trades a day to make tiny profit for you everyday.
It's capitalizing on the small gains/fluctuations by buying when it's low and selling when it's high automatically and repeating this process.
In theory, this makes sense and works. In reality, I haven' tried it or know anyone that has although the program itself claims to have lots of
people say it's made them money. The Plan costs about $3500. I'm contemplating if I should go all in and do this 100% effort or not.
 
Found Phase 1 online
As a torrent
Enjoyed it a lot
At the moment i run bots on demo mode and “make money”
The only thing stopping me make real money is that I can’t buy crypto with my fucking payoneer card
 
Is this arbitrage trading?
 
Seems like its deploying a grid based trading bot.. It works as long as the crypto trades in a range.
 
Found Phase 1 online
As a torrent
Enjoyed it a lot
At the moment i run bots on demo mode and “make money”
The only thing stopping me make real money is that I can’t buy crypto with my fucking payoneer card

You found the actual bot?
 
So this really works it seems but $3500 is a lot to purchase the program....hmm think this is something that could be patched or just a trend ?
 
Its like a market maker / grid script. Just make sure you have enough liquidity to cover. 0.1% on each position with 5% on float. Just my 2 cent.
 
I've been coding a trading bot (or better said a simulation bot using historical tick data) using GPU power to simulate past performance.
I implemented different kind of grid trading algos, then calculated the outcome. Thanks to the GPU approach, it can simulate 1 year of tick data in just a few seconds.

I also coded a visualization/analysis tool for multiple dimension optimization of the different parameters.

I checked cryptos and forex, and I can tell you for sure, that a grid trading only approach will not bring you substantial/stable profit.

Sideway markets can provide you stable profit, but no market is always moving sideway/within a range.
Trending markets can also provide you stable profit (as long as it's trending), but the grid algo setup is completely opposite for this two scenarios.

It seems to be possible to add additional indicators, and then to optimize profits in that multi dimensional parameter space, there are edges for sure.
Years ago, I also proved that the markets have significant edges on cycle basis, one of the major cycles being the monthly cycle.
After all, developing a long term profitable automatic trading tool is close to be impossible, or at least very very hard.

So if you jump on one of these available trading bots, be prepared in your mindset that you are gambling, you win some, but you also can easily lose a lot.

If you want to be a successful trader, better start learning how to analyze the data yourself, and there is no "standard course" on youtube showing you how to do this.

Cheers
 
I've been coding a trading bot (or better said a simulation bot using historical tick data) using GPU power to simulate past performance.
I implemented different kind of grid trading algos, then calculated the outcome. Thanks to the GPU approach, it can simulate 1 year of tick data in just a few seconds.

I also coded a visualization/analysis tool for multiple dimension optimization of the different parameters.

I checked cryptos and forex, and I can tell you for sure, that a grid trading only approach will not bring you substantial/stable profit.

Sideway markets can provide you stable profit, but no market is always moving sideway/within a range.
Trending markets can also provide you stable profit (as long as it's trending), but the grid algo setup is completely opposite for this two scenarios.

It seems to be possible to add additional indicators, and then to optimize profits in that multi dimensional parameter space, there are edges for sure.
Years ago, I also proved that the markets have significant edges on cycle basis, one of the major cycles being the monthly cycle.
After all, developing a long term profitable automatic trading tool is close to be impossible, or at least very very hard.

So if you jump on one of these available trading bots, be prepared in your mindset that you are gambling, you win some, but you also can easily lose a lot.

If you want to be a successful trader, better start learning how to analyze the data yourself, and there is no "standard course" on youtube showing you how to do this.

Cheers
Thanks for the message but how and where should i learn it?
Gotta start with something :)
 
Here are several sources and search terms you can take a look into:

Simple moving average crossing system, can perform very good in heavily trending markets (like crypto). Easy to setup.
https://www.investopedia.com/articles/active-trading/052014/how-use-moving-average-buy-stocks.asp
RSI Range trading strategy, good for markets that stay within a given range. Also easy to setup.
https://www.avatrade.com/education/technical-analysis-indicators-strategies/rsi-trading-strategies
Grid trading, can be setup as trending or range system:
https://www.investopedia.com/terms/g/grid-trading.asphttps://quantpedia.com/a-primer-on-grid-trading-strategy/https://admiralmarkets.com/education/articles/forex-strategy/forex-grid-trading-strategy-explained
Cycle based systems:
https://www.investopedia.com/terms/e/elliottwavetheory.asphttps://de.scribd.com/doc/220051779/The-Market-Matrix-Book (a really cool book)

Fundamental analysis:
https://www.investopedia.com/terms/f/fundamentalanalysis.asphttps://www.investopedia.com/articles/forex/05/tradingonnews.asp
News trading:
https://www.investopedia.com/articles/forex/05/tradingonnews.asphttps://www.bloomberg.com/markets/economic-calendarhttps://towardsdatascience.com/http...timent-analysis-on-news-articles-83db77966704
Carry trading: (done by huge hedge-funds, requires quite some big money, but brings good profit)
https://www.investopedia.com/articles/forex/07/carry_trade.asp
This is only a small fraction of stuff you can learn...
General advice: learn to code python (crawler, API implementations (for accessing historical data and do real-time trading), GPU coding (for efficient back-testing))

Do your research and development yourself, don't rely on third party bots...

Cheers & enjoy
 
Here are several sources and search terms you can take a look into:

Simple moving average crossing system, can perform very good in heavily trending markets (like crypto). Easy to setup.
https://www.investopedia.com/articles/active-trading/052014/how-use-moving-average-buy-stocks.asp
RSI Range trading strategy, good for markets that stay within a given range. Also easy to setup.
https://www.avatrade.com/education/technical-analysis-indicators-strategies/rsi-trading-strategies
Grid trading, can be setup as trending or range system:
https://www.investopedia.com/terms/g/grid-trading.asphttps://quantpedia.com/a-primer-on-grid-trading-strategy/https://admiralmarkets.com/education/articles/forex-strategy/forex-grid-trading-strategy-explained
Cycle based systems:
https://www.investopedia.com/terms/e/elliottwavetheory.asphttps://de.scribd.com/doc/220051779/The-Market-Matrix-Book (a really cool book)

Fundamental analysis:
https://www.investopedia.com/terms/f/fundamentalanalysis.asphttps://www.investopedia.com/articles/forex/05/tradingonnews.asp
News trading:
https://www.investopedia.com/articles/forex/05/tradingonnews.asphttps://www.bloomberg.com/markets/economic-calendarhttps://towardsdatascience.com/http...timent-analysis-on-news-articles-83db77966704
Carry trading: (done by huge hedge-funds, requires quite some big money, but brings good profit)
https://www.investopedia.com/articles/forex/07/carry_trade.asp
This is only a small fraction of stuff you can learn...
General advice: learn to code python (crawler, API implementations (for accessing historical data and do real-time trading), GPU coding (for efficient back-testing))

Do your research and development yourself, don't rely on third party bots...

Cheers & enjoy

awesome reply! thank you so much for taking the time :)

I will do my research
at the moment, im doing grid trading with a bot
I dont wanna learn how to code, so i use platforms that will do it for me
 
Back
Top