LUCRE is an exclusive automated trading system for Cryptocurrencies, created to exceed the strategy of using Cryptocurrencies. It was developed by a team with 8 years experience in algorithmic trading. Cryptocurrency holding was not the best way to increase your wealth lately. The LUCRE algorithm was based on non-HODL philosophy; Deal! allowing you to trade in both directions long and short. The big attraction of this project is the ability to earn income in all market conditions, to buy and sell with each perceived opportunity. Even when the market goes south, the algorithm tries to make a profit, shorting it. Lucre Trading Algo will operate on Metatrader trading platform. Participants in the sale of tokens will receive an LCR token that will track the performance of Algo. The price will be updated regularly to accurately reflect the value of the crypto core assets Algo sells. The participant can trade on exchanges that will list the LCR token.
The means of selling a token will be used for two main purposes:
Finish the development of LUCRE Trading Algo (full testing, adding different cryptograms, performance optimization. Also implement automated trading with different APIs of Crypto broker when they are available and stable).
Use 40% of Token sale funds to trade Cryptocurrencies with brokers and share profits with Token participants. A small shoulder will be used a maximum of 3 times. Trade will be carried out in both directions for a long time and in a short time, depending on the direction of the market, discovered by LUCRE Algo. Each order has a predefined soft and hard stop-loss and profit from profits.
AKSANA PAPOVICH: CMO — MBA
HARJIT SINGH: CTO
EMERSON CRUZ: Algorithmic Trading developer
AMAN SIDHU: Blockchain Developer
VISHAL JAGGI: Frontend Developer
ARJUN PURI: Developer Intern
YOGESH GAUTAM: Legal Consultant
The LUCRE Advisors
MANU KHULLAR: Director, Innovation & solution Acceleration
GABRIELE BERNASCONI: Co-founder at Genuino Blockchain lab
MIKE SNYDER: Co-founder BitcoinATM360
PRODUCT DEVELOPMENT STAGE
LUCRE trading algorithm is in Alpha stage. Testing for a core functionality of the product had been done over the period of 365 days from April 1, 2017 to March 31, 2018.
Currently LUCRE Trading Algo only trades BTCUSD (Bitcoin) derivative (CFD). Other Cryptocurrencies will be added in due course. Performance of just HODLing was great only in good times when market kept going up but it turned sour after peaking on Dec 18th 2017. However the Algo trading performance was unmatched.
The chart below gives a comparison of hypothetical trading performance of $10,000 contributed on April 1st 2017 in both systems. One being an account holding BTC (in red) for the whole duration and the other contributed in LUCRE Algo trading (in blue). The Algo trading performance was trailing up until Jan 4th 2018 and then it overtook BTC HODL performance.
There is a distinction between ’high risk’ and ’unacceptable risk’ in the minds of many participants – cryptocurrencies have traditionally been seen as the latter. LUCRE aims to bring the risk to an acceptable level for allocation to retail participants. The maximum drawdown of LUCRE Algo trading was 30% in the 1 year of trading test results. In comparison BTCUSD has been down 70% from the peak in December.
Back-tests of Algo trading were carried out for 365-days over the period 1st April, 2017 – 31st March, 2018 on the MetaTrader’s Strategy Tester using high-quality tick data. The line graphs are used for clarity.
Trade related expenses are calculated as 1% over-market for every trade executed as spread and any swap (overnight interest) charged if the trade is kept open after 5:00PM EST.
The optimization feature of MetaTrader is used to test thousands of combinations of Algo settings to find the most profitable settings for maximum profitability. Backtest results were then also analyzed using the StrategyQuant Analyzer. Some results are shown below.
Equity Chart with Drawdowns and Volume:
Monte Carlo Simulations (100):
Monte Carlo Results with Confidence Levels:
Predict / Verify strategy performance:
Based on the 8 years of experience in Foreign Exchange Algorithmic Trading, we have seen that the interest may rise once the algorithm is performing well and increased numbers of participants are going to be attracted to the project.
LUCRE is an exclusive platform because participants with access to the algorithm signals and autotrading are limited, this exclusivity being controlled by the number of tokens. If you want to receive the signals or utilize Autotrading, and you did not participate in the Token sale event, you will need to buy tokens from the original participants.
Trading algorithm will be taking long and short positions and bet in both the bull and bear markets thus diversifying and optimising the portfolio performance.