Mercor Developer AMA Series — Saignal
Saignal
Saignal is an automated crypto-trading firm, specializing in technical analysis and DeFi. Saignal creates trading strategies of the highest quality and Mercor is excited to announce that they will deploy them on the Mercor platform!
The Mercor Developer AMA Series
Mercor values transparency and education highly. We like to keep our community up to date and as informed as possible. That’s why we are hosting an official Mercor series: the Mercor Developer AMA series. During these AMA’s, the community is also able to ask anything and the best question is rewarded with free investment credit!
Given their extensive expertise and after achieving incredible results, we figured Saignal would be a fitting candidate for the Mercor developer AMA series.
In this article, we will set out last week’s AMA, held in the Mercor community chat. The article will give you an insight into a prime developer on the Mercor platform. The AMA was a great success and gave exclusive insights into the benefits of algo trading. Below is a detailed summary of what was covered in the AMA. Enjoy reading!
The AMA
Mercor CEO:
It is time for another developer AMA! This time with Saignal!
Saignal is a new developer group but already deployed three strategies on the Mercor platform.
Saignal focuses on providing auomated, layered, premium-quality strategies.
As you may know, the format of the AMA will be as follows: we will mute the chat for the first part of the AMA where we will ask several questions to Saignal. After which we will open up the chat and you will be able to ask questions directly.
The best question will receive a 0.5 BNB investment reward!
Saignal great to have you here!
Saignal:
Thank you! We’re glad to become part of the Mercor Finance community 😊
Mercor CEO:
Lets start! If you could please give us a brief introduction about yourself, your background and experience.
Saignal:
We are an experienced trading duo who got into crypto trading in 2017. So our academic background lies in Engineering and Entrepreneurship. Over the past year we have been offering services as individual script developers on multiple platforms, and now looking to establish Saignal as an independent brand that offers trading strategies and signals on a variety of platforms.
Mercor CEO:
Great, so what did you guys do before entering the crypto trading space?
Saignal:
Working in the field of architecture, programming architectural and technical design scripts
Mercor CEO:
Alright and how and when did you get involved with algorithmic trading?
Saignal:
So like everyone else that has been in crypto for some years, we know how you can get wrecked as a consequence of emotion. Being somewhat stoic engineers we don’t like the emotion that comes with trading. Which led us to develop a systematic response to market movements without the emotional bias.
So when we started: at the start of the pandemic we dedicated to building algorithmic trade strategies with different trading styles.
Mercor CEO:
That is something we always mention, the importance of leaving emotions out of trading ;)
Saignal:Exactly 😉
Mercor CEO:
So lets talk a bit more about Saignal, whats the story and mission of Saignal?
Saignal:
We believe that everyone should be able to passively profit from market movements. Our mission is to share high quality trading strategies that suit a variety of trader personalities and market scenarios.
Mercor CEO:
Great mission and very much in sync with our mission of democratizing the algorithmic trading industry!
Saignal:
Mostly the fact that trading is personal seems to be overlooked with algorithmic trading. We strive to build and document strategies that traders understand and syncs with their personal profile, risk appetite, style etc.
Mercor CEO:
Looking at your algorithms, what do your algorithms in general focus on? How do the algorithms of Saignal Algo differ
from other algorithms?
Saignal:
So our strategies each have a unique purpose that ties to a specific trading style. We are building Position Trading, Swing Trading, Day Trading and Trend Scalping strategies. The former recently launched on Mercor Finance. To elaborate: A Position Trader buys an investment for the long term in the expectation that it will appreciate in value, based on fundamental outlook. This type of trader is less concerned with short-term fluctuations in price and the news of the day, unless they alter the trader’s long term view of the position. Position trading is the opposite of day trading. The former placing fewer than 10 trades annually. In short, these strategies allow investors to stategically average in to a position at market lows, based on historical data.
Mercor CEO:
Thanks for the elaborate answer, so we can expect the trend scalping strategy to make a few trades a year following the market trends.
How long does it take to develop a strategy? And how many people are involved on this stage of development?
Saignal:
This depends. We are continuously expanding our library with TA combinations, proprietary indicators, cross-chart references, ratio’s and on-chain metrics. This is a never ending process as markets mature and technology innovates. Ultimately it is not only about building, but moreover about maintaining strategies. But for reference, our current strategies have over 1000 hours of development in them. We have two developers at this moment.
Mercor CEO:
Always amazing to see how much work goes into the development and maintenance of these algorithms!
Could you share some performance history of your algorithms?
Saignal:
Sure! So as we mentioned, we’ve just launched the Position Trading Strategy for three pairs on Mercor Finance (BTCBUSD, BNBBUSD, ETHBUSD). We recently created a TradingView account on which historical trading data is projected. For example, check out the BTCBUSD pair here → https://www.tradingview.com/chart/BTCBUSD/ZCBTXlFx-Saignal-Position-Trading-BTC-BUSD/
These links per pair can also be found on our website (www.saignal.com).
Mercor CEO:
Great, thanks for sharing!
So lets talk a bit about Mercor, what do you think of the Mercor platform, its functionalities, the team and its ambitions?
Saignal:
We love Mercor!
Saignal:
So Mercor Finance is the first DeFi algor trading platform. They disrupt the market by giving access to trading algorithms through investing their MRCR tokens instead of having to pay for an expensive subscription as we see at centralized algorithmic trading platforms.
Saignal:
This is unprecedented. As the DeFi adoption trend progresses in the coming years, so will Mercor establish itself further as key player in the algorithmic trading niche.
Mercor CEO:
Thanks for the positive words, and we couldnt agree more!
So lets open up the AMA to the community and see if there are any questions!
Saignal:
You’re most welcome! Excited to see where we’re headed from here :)
Mercor CEO:
The chat is now open for questions, unless Saignal was able to answer all your questions already :)
Saignal:
We won’t bite :)
Manu El [Mercor Community member]:
Hi! Assuming that I am the average user willing to invest in multiple algos to create a portfolio with a balanced risk appetite (not to risky but not too conservative) what percentage of funds should I dedicate each strategy for a medium-long term investment?
Cheems Chaudhuri [Mercor Community member]:
Is algo bots are good for swing trading ? (few days).
Saignal:
Our strategies are averaging into the position with different fund
allocationbased on the risk/reward ratio in the (multiple) indicators itself.
M F [Mercor Community member]
Thanks for this AMA, it was very educational. I just looked at your bots on the platform and was wondering which are considered to be more risk averse and which ones are more risk tolerant? And what is the big difference in regards to results between those?
Saignal:
Your percentage of funds depends on your own risk management and the underlying fundamentals for each asset itself. This applies for the current position traders.
Manu El [Mercor Community member]
What’s your perspective on algo trading adoption applied to DeFi? How far it can go in the following years compared to manual trading?
Saignal:
[In reply to Cheems Chaudhuri]
Right now our Position Trading strategies are long-term focused. However, soon we will deploy are newest strategy Bullish Momentum! This strategy will be focused on short-term swingtrades. Trading with BTC as the underlying asset.
Cheems Chaudhuri [Mercor Community member]
great!!
Saignal:
[In reply to M F]
You’re most welcome M. So our current strategy on Mercor are optimizations of the same (position trading) strategy. Position Trading is considered to be risk averse, granted that underlying asset has a fundamental case for sustained and organic growth (like Bitcoin).
M F, [Mercor Community member]
[In reply to Saignal]
Are you planning to include a more risky strategy as well?
Saignal:
[In reply to M F]
More trading styles will be launched soon, like the Bullish Momentum trading strategy we’ve just mentioned.
The key difference here is that the latter will have more action in markets that are already going up, and theoretically would allow to compound profits into another trade. This strategy will therefore be connected to multi-pair tokens.
Whereas position trading focusses on accumulating fundamental projects during market lows, ensuring a lower average buy-in price.
Choosing which one suits you best could depend on your personal view on an asset, by answering this question or yourself: Do you choose to trade given asset for price action or long-term outlook?
M F [Mercor Community member]
[In reply to Saignal]
Alright, sounds interesting! Looking forward to the results. Thanks again
Mercor CEO:
Alright we will close of the AMA here, I would like to thank @Saignal and @Saignal_Vince for taking the time to answer our questions! We are very much looking forward to your journey on the platform!
M F, Congratulations on winning the 0.5 BNB investment credit prize for the best community question!
Saignal
[In reply to Manu El]:
We see a growing demand for DeFi adoption. Blockchain technology will only innovate further, making it more and more interesting to trade ‘passively’ with algorithms. We think it’s possible that algorithmic trading will be the next status quo in trading. With mercor being a key player in this.
M F, [Mercor Community member]
[In reply to Mercor CEO]
Thank you!
Saignal:
You’re most welcome all! For any further questions feel free to join any of community channels. They’ve only just opened so you’ll be getting all the attention 😄
Good weekend all!
Wrap Up
The community got exclusive insights into the methods of our beloved bot creators and got to chat directly with the creators of these profit machines! One of Mercor’s main goals is to make algorithmic trading accessible for everybody by building a bridge between talented developers and expert algo traders and everyday investors. This AMA series is a prime example of doing just so!
The Mercor team enjoyed the AMA to the fullest and loved to see the engagement between investors and developers. On to the next one!
