We’ve always been transparent about what works and what doesn’t. And today, that means being honest about one of our own strategies. The Momentum Reversal strategy was aggressive and frankly - shit. It was built for a specific kind of market, and while it had its moments, it was an unpleasant ride even for us. Too rough for our liking, and for many of you. We heard the feedback within .. couple of days...Impressive screw up on our end. Nevertheless - it has to be put down immediately.
We’re officially placing a wrap on the Momentum Reversal Bot. In its place, we’re rolling out something new, a tad gentler, more disciplined, and built for the choppy (we really don't know how to trade otherwise), sideways markets. It’s designed to be patient, precise, and risk-averse (still with plenty of tiny losers) and loooong running trades when they don't fail.