Who Is David Richmond?
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The software then takes care of the grunt work of actually placing the trades at very precise times to ensure maximum profitability. Our verdict is that this is a legit and completely reliable CFD trading solution.
Hyde wants to make things different and help average people improve their life. One simply enters his or her details in a short form. Users must proceed to the web page it contains. When they do this, they must complete Phase 2 of the registration, in which they have to give their telephone number so that a representative of a geographically-appointed CFD and crypto broker platform can get in touch with them and help them set up their trading account. All of the features and the interface can be personally customized.
The CFD brokers that the currency trading tool partners with are approved, constantly monitored, and legit. This is visible from the stamps-of-approval present on their website. This is not a payment, merely just a way of funding the account. The sum can be withdrawn at any given moment. This CFD software applies strict safety and security measures, backed up by a bit encryption protocol. The shortest way of getting started with it is the following: By visiting the landing page of the software users will see a promo video with 21 minute length.
It is recorded by the alleged creator of the system who explains how he managed to develop the robot. According to him, he has obsession to breaking secret codes thanks to his uncle who gave to him some cryptography books when he was little. Years later, he decided to quit his well-paid job in order to try creating trading algorithm and earn a lot of money.
As a result, the Richmond Ventures company was born and soon after that the Crypto Trader system was completed. By following the story of Mr. Richmond you will learn that his product is supposed to analyze millions of data points, to use artificial intelligence, and to place profitable trades on your behalf. To get access to the Crypto Trader robot, traders must fill in the provided web form by providing some personal information.
Finally, they should activate the autopilot feature of the platform and let it trade on their behalf. Since the 22 of December has done following trades: Which is of course a pity, since the coin market besides BTC was falling. Day 11 to 17 Okay, from now we should be keeping this more frequently updated since all the holidays are over! Day 11 to 17 represent the time from the 27th of December to the 2nd of January ! There was a good XMR buy for about 0. On the 27th the XMR price had risen to 0.
Though sadly the cryptotrader-bot had sold it for 0. Also, two more XMR sell orders have been executed. While one of them having a 0. What we like about the bot is, that it cuts the losses pretty fast. Maximum loss being 0. So even if there are more losing positions than winning, the cryptotrader bot has currently made profit! In our case it was 1 BTC, this is why nearly every position is closed with a 0.
We got a new big winning position, XMR! To show you what exactly we mean, here is how the executed orders have been displayed to us: And as you can see, there are three issues here: Cancelled orders — We need to clean up the data before we can analyze it over Excel.
This makes us each time get lots of data which we need to make averages for etc. Too much data — And because there is so much data, there is a limit of data to be shown. This means, that if there are, let us say, more than rows, the CryptoTrader-Website is showing only the newest rows.
We go manually over each mail and copy the buy price and amount… Solution to those problems was just discovered! We saw that the Poloniex-Exchange offers an awesome analyzing function.
So let us showcase this on the latest XMR position: Good job to us finding this, to Poloniex for providing this tool and to the bot for making this trade!
And luckily for us with a 0. Also made a perfect buy on ETH. As you can see in the graphic below, the bot is mainly trading on momentum. What the exact parameters are, we have yet to figure out: A total of 0. Well, we see this as something that should not stress us too much, since we are still more than 0. Also, we changed the settings in the bot, so he can trade a maximum of 1 BTC each position. Which is something we recommend everyone doing. We think the algorithm takes the MACD indicator wiki to account.
In the following Wikipedia picture this would be the blue line going over the red line: This would be also true for the XMR buy-order on the 8. Though the position was long time in plus. Bot has also opened a new FCT position, which we feel was a good call since the price dropped a lot.
Nothing too spectacular to note. Subscription going to an end, what should we do? Test a different cryptotrader strategy? Or even a complete different website?
Is the Crypto Profit Trader by Ian King legit or another scam? I've been taking a look to find out more and now I'm sharing my honest review.
Cryptotrader is a cloud-based trading platform that promises to help you make money automatically. Find out if Cryptotrader is a scam or legit . Crypto Trader is an old scam trading software, that opened in July You were probably intrigued by the video you watch, and want to .
CryptoTrader Review - Day to day testing of their automated cryptocurrency trading strategies, bots and services. Real screenshots, This is a legit question.5/5(9). Crypto Trader Scam Review. This fake trading robot by David Richmond is a confirmed SCAM and we blacklisted it in our factual review and investigation. Warning!
CryptoTrader is a pretty new scam software, created by David Richman and released in July , which claims that it can make you earn. Crypto Trader. Crypto Trader is the newest entry in the field of online investing platforms. It was recently launched and many people have already showed interest into it.