I don’t have my risk management (trained RL model) in place yet but decided to get started on my ‘trading hobby’ anyway. So, with a prediction from xgboost of an increase of at least 1% in the price of ADAUSDT over the next 5 days, I bought 100USDT worth. I plan to make 100USDT trades, not compounding here. I’ve put a bit more than 100USDT in my Binance spot account to handle any drawdowns. Currently the precision (number of true positives out of all positives) is about 80% so I might lose. I’ll have to consider whether to close when I reach 1% profit, or when 5 days is up, or something else. My strategy is still a bit vague at this point. However this is the first time I’ve traded using a signal generated by an ML model. I’ve seen plenty of warnings not to do that. I guess I’ll find out.
I thought a progress bar might be a nice touch, so I installed the Ultimeter plugin but it doesn’t show for some reason, neither on a page I pasted the code into, nor a post. Maybe my theme doesn’t support it. Too bad. I’ll just report progress from time to time.
UPDATE: Just made my first 1% profit. Was going to hold out for a higher price but my algo predicts the price will not go up by another 1% in next 5 days, so I decided to take profit while it lasted. Be interesting to see what does happen over the next few days.