Welcome my friends to the exciting new Project today and let's see their great idea:
LUCRE is an automated algorithmic trading system based on statistical analysis of data from last 5 years (for BTCUSD). Automated trading, allow to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer. Once the rules have been established, the algorithm monitors the markets to find buy or sell opportunities based on the trading strategy specifications. Depending on the specific rules, as soon as a trade is entered, any orders for protective stop losses, trailing stops and profit targets will automatically be generated. In fast moving markets, this instantaneous order entry can mean the difference between a small loss and a catastrophic loss in the event the trade moves against the trader. There is a long list of advantages to having a computer monitor the markets for trading opportunities and execute the trades. Some of the advantages are listed below:
Minimize Emotions
Automated trading systems minimize emotions throughout the trading process. Since trade orders are executed automatically once the trade rules have been met, traders will not be able to hesitate or question the trade. In addition to helping traders who are afraid to "pull the trigger", automated trading can curb those who are apt to overtrade – buying and selling at every perceived opportunity.
Ability to Backtest
Backtesting applies trading rules to historical market data to determine the viability of the idea. Careful backtesting allows to evaluate and finetune a trading idea, and to determine the system's expectancy – the average amount that a trader can expect to win (or lose) per unit of risk.
Preserve Discipline
Because the trade rules are established and trade execution is performed automatically, discipline is preserved even in volatile markets.
Achieve Consistency
One of the biggest challenges in trading is to plan the trade and trade the plan. Even if a trading plan has the potential to be profitable, traders who ignore the rules are altering any expectancy the system would have had.
Improved Order Entry Speed
Since computers respond immediately to changing market conditions, automated systems are able to generate orders as soon as trade criteria are met. Getting in or out of a trade a few seconds earlier can make a big difference in the trade's outcome. As soon as a position is entered, all other orders are automatically generated, including protective stop losses and profit targets.
24X7 Market
as Crypto market is open 24X7 it is almost humanly impossible to trade every entry signal round the clock manually.
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 4 th 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.
SIGNAL SERVICE
Receive buy/sell/close alerts of high-quality and exclusive trading signals with +75% of accuracy to trade it yourself on any broker or exchange.
AUTOMATED TRADING
Fully automated system compatible with all Crypto exchanges and Forex CFD brokers to connect LUCRE with your account without need to move your funds.
TRADING POOL
LCR tokens deposited in the pool will be managed by LUCRE algorithm and trading team.
LUCRE PROCESS DETAILS
Participant applies for the LUCRE Token and gets whitelisted (KYC/AML). After receiving the confirmation of been whitelisted the participant then sends the funds (ETH) to the public address of the Token sale event. After receiving the funds, LUCRE smart contract automatically sends the LCR Tokens to the sender’s wallet. Part of these funds are sent to the company reserve fund wallet; At the end of the Token sale event, 40% of the received funds in ETH are liquidated and transferred to the LUCRE Derivatives Trading account where trades are executed by the LUCRE Algo. The trading account is also linked to a third party system where the performance of the Algo is verifiable 24X7.
For every trade executed by the LUCRE Algo, a signal will be sent out to every participant who has contributed more than 1ETH during the Token sale. These signals can be used on Metatrader terminals offered by CFD crypto brokers and in the future will be available for crypto exchanges as well.
Daily performance calculations will take place and posted on the LUCRE dashboard.
FEATURES
SUCCESS
A breakthrough trading algorithm has already been developed which is being tested and refined
EXPERIENCED TEAM
More than 8 years of experience building Algorithmic trading robots
AUTOMATED TRADING
100% hand-free Autotrading system that eliminates the psychological effect to manual trading
EXCLUSIVITY
Exclusive for Token sale participants! Recurrent profits simply holding tokens without adding extra funds
TOKEN ISSUANCE & STRUCTURE
Total Token supply: 12 500 000 LCR
Available for Purchase: 10 000 000 LCR
Token Type: ERC20, Ethereum Blockchain
Minimum Raise: $1 600 000
Maximum Raise: $7 000 000
80% of the tokens allocated to the participants (10 000 000 LCR)
14% for developers and company reserve (1 750 000 LCR)
3% for rewarding advisors (375 000 LCR)
3% is used on Bounty program and marketing (375 000 LCR)
Token Pre Sale Period: 15th Oct 2018
Token Main Sale Period: 1st Jan 2019 (2 months)
A substantial portion of the funds, 40%, will be dedicated to servicing on the development team and the creation of platforms
Another 40% will be contributed in the Trading Pool to provide profits to the Token sale participants
15% is for capex
3% will be spent on marketing aimed at attracting new users to the platform, creating a community interested in the token and the service
Remaining 2% for legal and compliance fees
Our Roadmap
AUG 2010
Proprietary FX Trading company was created
SEP 2011
First trading Algo was created for major FX pairs
JAN 2014
FX trading opened for clients
NOV 2017
Initial Research and Development for Cryptocurrencies
APR 2018
Develop Smart Contract
MAY-JULY 2018
Finalize Smart Contract and develop dashboard
AUG 28TH 2018
Whitelisting participants; Bounty Program launch;
OCT 15TH 2018
Token Presale
JAN 1ST 2019
LCR Token Sale Event Launch
Q2 2019
Public Launch on Exchanges
Q2 2019
Final improvement of trading Algo
Q4 2019
Launch Autotrading Service (Beta)
Q1 2020
Final version release
For more information, please follow the links below:
Website : https://www.lucretoken.com/
Twitter : https://twitter.com/LucreToken
Telegram : https://t.me/LucreToken
Reddit : https://www.reddit.com/r/LucreToken/
Github : https://github.com/LucreToken
Username Bitcointalk : bitcampaign
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=905392
ETH Address : 0x2eFA5E262f957ecAF1a4Ec8bb12E8AE91F93aEca
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