Mary | Satoshi Club: <\/strong>Hello,Satoshi Club! We are happy to announce our AMA session with Bot Ocean! @loretincu<\/a> welcome to Satoshi Club:grinning:<\/p>\n\n\n\n Lorena Tincu: <\/strong>Thanks for the invitation Mary! \ud83d\ude42<\/p>\n\n\n\n Dragos Lipa: <\/strong>Hello everyone! Thank you for having us<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Happy to see you here :+1: How was your day?)<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> @dragosL<\/a> @loretincu<\/a> hello guys! welcome to Satoshi club! 😊<\/p>\n\n\n\n Lorena Tincu:<\/strong> It went great up until now thank you, but I hope it’ll be even better after our AMA today<\/p>\n\n\n\n Dragos Lipa: <\/strong>Great, I think everyone is enjoying the run that the market is having<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>We as well:+1: <\/strong>Could you please introduce yourself and tell us how did you start with Bot Ocean?)<\/p>\n\n\n\n Lorena Tincu:<\/strong> I’m an automations engineer and have been a developer for the past 6 years; from working on large teams that iterated on live products to building new ones from scratch. I’ve been involved both in startups and large companies but after all this while I decided it was finally time to choose a clear direction in which to go and at the time I had known Dragos for a while and decided to join as CTO and dedicate my time to Orka & Bot Ocean. Mary | Satoshi Club<\/strong>: Great background, sure it will help Bot Ocean a lot:wink:<\/p>\n\n\n\n Dragos Lipa: <\/strong>Sure! Back in 2013 I initially started mining BTC with a small home setup but that quickly turned into a spiral which eventually concluded with me picking up trading and ever since then I’ve been doing that pretty much full time. After so many years though, I figured there must be a better way to trade, especially in a market that works 24\/7 so that led to Orka Labs which is an algo trading fund. Right now, we are testing an average of 200M new strategies every month and we are in the process of increasing that. Mary | Satoshi Club:<\/strong> 2013, mining:joy: you are lucky man) btw, is this orkalabs site? https:\/\/www.orkalabs.com\/<\/a><\/p>\n\n\n\n Dragos Lipa:<\/strong> yes, that’s the website. yeah I have been around for quite a while now. You can also access our YTD trackrecord there<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>what is YTD?<\/p>\n\n\n\n Dragos Lipa: <\/strong>Year to Date. And that amount is in BTC. Basically our profits in USD are around 500% at the moment from the beginning of the year<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong><\/p>\n\n\n\n So, Bot Ocean is something like continuation of orkalab?)<\/p>\n\n\n\n Dragos Lipa:<\/strong> It’s more than that. Bot Ocean gives everyone the ability to do what we do at Orka Labs without knowing how to code.<\/p>\n\n\n\n Lorena Tincu: <\/strong>It can be seen as an extension of Orka yes. While Orka is aimed more towards institutional investors whereaa Bot Ocean is aimed towards normal people.<\/p>\n\n\n\n Dragos Lipa: <\/strong>Exactly. We aim to be the bridge between people that don’t know how to trade and industry proffessionals.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> is it safe to trust bot? 🙂<\/p>\n\n\n\n Dragos Lipa: <\/strong>In my opinion it’s way safer than trusting a human to do it. Just think about it, a bot can watch the market 24\/7 and look for the exact opportunities that you would look for as a human. The only difference is that by going with algos you don’t have to worry about emotions<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> im asking because im from the ‘normal’ people who don’t know how to use trading bots \ud83d\ude00<\/p>\n\n\n\n Dragos\nLipa<\/strong>:<\/strong>\n<\/strong>We will provide the\ninfrastructure so people don’t have to worry about technical\nproblems, we will take care of that.<\/p>\n\n\n\n Q1 from Telegram\nuser @mark_mitroglou<\/a><\/em><\/p>\n\n\n\n I can use your services by connecting them through API to my exchange accounts. Explain how safe is this. Is there any possibility to compromise my exchange account?<\/strong><\/p>\n\n\n\n Dragos Lipa: <\/strong>Yes you just need to connect your exchange account to our platform through API keys. No, there is no way to compromise your exchange account other than if your 2FA and mail get hacked.<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>do you have a guide how to connect?<\/p>\n\n\n\n Dragos Lipa: <\/strong>Yes, the UX will be really smooth, everything will be explained once you first log in on the platform. Besides we will have informational videos about all the features that we offer.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> But there is a way to hack API and make market manipulations with price?) And this will also lead to losses.<\/p>\n\n\n\n Dragos Lipa: <\/strong>No, there is no way to hack the API en-masse<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Ok, i will believe you)<\/p>\n\n\n\n Dragos Lipa: <\/strong>We take security very seriously, we have an expert on our team. As we have a security expert on our team, the code of the bot will be reviewed in detail. We will also do a 3rd party private audit on our backend code to make sure we haven\u2019t missed any vulnerabilities. On top of that, all of the instances of the bots will be dockerized(sandboxed), so in case of a breach, the attacker will not be able to escalate privileges and access the rest of the platform. D. | Satoshi Club: <\/strong>you can’t tell his name now?<\/p>\n\n\n\n Lorena Tincu: <\/strong>He is on our website actually, he’s called Tudor<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Greetings to Tudor🙂:+1: I think with him you will have strong security 😉<\/p>\n\n\n\n Q2\nfrom Telegram user @kaidera<\/a><\/em><\/p>\n\n\n\n The utility of the token is important. I have seen several features on the website. How about the discount on transaction fees and the discount on different strategies? What are those fees in general and what will be the discount?<\/strong><\/p>\n\n\n\n Lorena Tincu:<\/strong> The discount depends on various things, and it goes up depending on specific volume and other such details. Additionally, the token also gives access to various exclusive features such as reports from Orka Labs periodically and early access to new features and updates.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Do you have different plans for your users?<\/p>\n\n\n\n Lorena Tincu: <\/strong>We will be releasing the Whitepaper this week which goes into detail about how the various mechanisms work.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Thanks🙂 Waiting for your updates :+1:<\/p>\n\n\n\n Q3\nfrom Telegram user @b_dima<\/a>\n<\/em>\n<\/p>\n\n\n\n You have mixed the right features to outpace any human trading strategy and test it against massive historical data. On what is your data based? Why do you think it’s better than other similar trading bots?<\/strong><\/p>\n\n\n\n Lorena Tincu:<\/strong> Our backtesters are built from the ground up and the backtesters show a level of accuracy of 5 decimal points, in other words it is has a precision 99.99999% when compared to the live data. Mary | Satoshi Club: <\/strong>Will it be hard? To create my own strategy? I know, that i don’t have to code, but which basic knowledges i will need to have?<\/p>\n\n\n\n Lorena Tincu:<\/strong> The interface will feature a drag & drop interface where people can select indicators and connect them to one another with conditional statements, thus making it zero-code and well quite easy to use to be perfectly frank. Mary | Satoshi Club:<\/strong> It’s clear:wink: I think i want to try:joy:<\/p>\n\n\n\n Lorena Tincu: <\/strong>Haha sure we’d be glad to see you there 🙂<\/p>\n\n\n\n Q4 from Telegram user @alex_satang<\/a><\/em><\/p>\n\n\n\n I tried to find the list of exchanges that you are supporting at the moment but couldn’t find it. Can you tell us with what exchanges does your product work and what others will it support in the near future?<\/strong><\/p>\n\n\n\n Dragos Lipa:<\/strong> We have a pre-register form on our website botocean.com<\/a> where you can select which exchanges you want us to add. But for sure we will support the big ones right from the beginning.<\/p>\n\n\n\n D.\n| Satoshi Club<\/strong>:<\/strong><\/p>\n\n\n\n will you be expand the list of supported exchanges?<\/p>\n\n\n\n Dragos Lipa: <\/strong>If we have a request to add an exchange we will obviously add it, this is not a concern.:smile:<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> I just wanted to ask about DEXs and CEXs:joy: I see, you have a nice choice) Btw, can you tell us how much money approximately do a person need to start trading using trading bot?)<\/p>\n\n\n\n Lorena Tincu: <\/strong>As for the minimum, there isn’t one. It should obviously be higher than the cost of the trading fees themselves but that’s it.<\/p>\n\n\n\n
My specialization as a software engineer lies in machine learning & AI but over the years I’ve learned to become well-rounded enough to be involved in all the various parts of building an application. With the help of everyone else on the team it’s actually been quite fun to build the whole infrastructure for Orka and now Bot Ocean so it’s something I see myself doing for the years to come.<\/p>\n\n\n\n
After Orka Labs picked up we were able to relax a bit and so we turned our attention towards offering a similar way to trade to other people as well. To some extent, we really think that at the very least for markets that are live 24\/7 algorithmic trading will become the new norm. After all, we’ve been aware for years now that automation will slowly become embedded in our system. Time has come for the same to happen in trading too.<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/p1-19.jpeg\")
<\/figure>\n\n\n\n
And to give a bit more info on our security expert, he\u2019s a member of a top global CTF team (no.2 in the world in 2019), has developed his own pentesting challenges in web, blockchain, and even quantum coding and in addition to this, he even won several competitions including DefCamp for 3 years in a row, which is the most important annual conference on Hacking & Information Security in Central Eastern Europe. We take security very seriously.<\/p>\n\n\n\n
Now this is how strategies and bots are tested in order to have a good idea of their overall potential performance, but you have to understand that everyone will be able to create their own strategies. It’s true though that at the beginning we will be offering some free strategies from Orka so people can start using it directly.<\/p>\n\n\n\n
So to answer your second question, you simply need to be familiar with technical analysis and how trading works in order to connect indicators in a logical way that generates consistent results.<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/p2-10.jpeg\")
<\/figure>\n\n\n\n