VulturesPick Started Crypto Trading Signal Service using Blockchain Data and AI

Vulture’s Pick was introduced as Buy & Sell Signal Service for Indian Stock Market in 2016. It ventured out to extend its services to cryptocurrency market in 2019.

These signals are discovered with the help of Artificial Intelligence using price data from cmc, blockchain data from Santiment & some other sources like etherscan, ethplorerblockchairtronscan etc and hypothesis that markets are not completely efficient in any time frame. These inefficiencies, in due course of time, will eventually be identified by market participants and will vanish. So act on them immediately and let the market play out the magic in your favor. Detailed basic research report is published in UNDERSTANDING CRYPTO ECONOMIC CYCLES USING BLOCKCHAIN DATA FROM SANTIMENT. It has been further improved since its publication. The improved methodology will be published later after evaluating the performance of posted signals for some reasonable amount of time.

After extensive inhouse testing we have decided to post our signals to our account @vulturespick on steem blockchain. We are sponsored by @actnearn. However we also recognize that steemleo is a specialized community on Steem that is developing crypto investor community. Therefore, we will also tag our signals to steemleo community.

Vulture’s Pick Stopped Stock Trading Signal Services from Today

In summary – it can be concluded that our program reduces return volatility. And it is also expected that over many year evaluation period -the returns from current version of the program will be much better than buy/hold.

However, having analyzed returns for last 11 months of trading – we have decided to stop the program for assessment and further development. So all open trades are exited.

Vulture’s Pick Day Trading Signal Service Performance for BANKNIFTY

Below is summary for our BankNifty Trading Signals for last 11 months

Period: 11 Months (July’16 – May’17)
Trading Signal Equity Gain/Loss : 27.1% with maximum drawdown of 6.9%
Buy Hold Gain/Loss : 30.1% with maximum drawdown of 14.2%

The performance is good on drawdown/risk control side but overall return are apprx 3 % lower than buy/hold.

Vulture’s Pick Day Trading Signal Service Performance for NIFTY

Below is summary for our Nifty Trading Signals for last 11 months

Period: 11 Months (July’16 – May’17)
Trading Signal Equity Gain/Loss : 11.7% with maximum drawdown of 8.2%
Buy Hold Gain/Loss : 16.4% with maximum drawdown of 12%

The performance is good on drawdown/risk control side but overall return are apprx 4.7 % lower than buy/hold.

 

Vultures Pick Stops Trading Options

After analyzing trades for last 4 months – it is observed that Index/future based trading of Vulture’s Pick signal is consistently profitable. However, options trading incurred losses due to time decay, adverse volatility movements, and bid/ask spread. Therefore, till we have more history – we have stopped trading and recommending options trading.

Hereon, only future trading messages will be posted on our Twitter and Facebook accounts.