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"My test portfolio was initialized with a 1 BTC deposit, and after 2 months and 23,413 trades, exited with 0.955 BTC. The system paid 2.486 BTC in fees to polon
by dikaiosune 11y ago
"My test portfolio was initialized with a 1 BTC deposit, and after 2 months and 23,413 trades, exited with 0.955 BTC. The system paid 2.486 BTC in fees to poloniex."
I wonder whether a different trading strategy would decrease the fee overhead. Or perhaps the cryptocurrency exchanges are not setup for short-run trading? I know very little about the exchanges, but this does seem curious to me.
- ksowocki 11y ago> I wonder whether a different trading strategy would decrease the fee overhead. Or perhaps the cryptocurrency exchanges are not setup for short-run trading? I know very little about the exchanges, but this does seem curious to me. OP here. One could presumably increase the margin for a classifier such that, to classify a sequence of price movements as a BUY or SELL, the predicted movement must be higher than what it is now (0.002% increase/decrease threshold)
- densmirnov 11y agoSome chinese exchanges such as btcchina or huobi have very low trading fee or eventually doesn't take fee at all. Maybe one of the solutions will be just another exchange?
- densmirnov 11y agoJust checked - yeah, on huobi.com it's possible to trade BTC against CNY without any fees. Is it possible to adapt pytrader to huobi?
- pmorici 11y agoFees on crypto-currency trading platforms are typically a % of the value of the trade and the % you pay is determined by your trading volume over the prior month. The fact that the thing was tested with such a small amount of BTC means they were probably paying the highest fee tier.
- ksowocki 11y agoYou are close. This is poloniex exchange's new fee model. https://poloniex.com/fees/ https://poloniex.com/fees/