Fline Regular Report: 10.11.2019–08.12.2019

This announcement was written by the CEO of Fline project — Whirlwind. You can contact him on Discord — Whirlwind (Fline CEO)#2408

1. We’ve done many little upgrades to the core system, did big update for take-profit system.
2. We’re preparing to launch some new products based on our tech ( Trevor already hinted that)
3. Market outlook. From main point of view, BTC as the whole market with almost 8 years of a history (I’m counting from 2012), there always were big moves (on backbone of which fortune is made), either fast and slow, exhausting flat or nearly flat periods (on which main target is to not lose money) and periods like now (happens few times a year, lead to 10–20% drawdowns. Needed to notice, that in first insane years (2012–2013) this period were much more harsh and lead to 30–35% drawdowns (which is actually kind of normal even for after 2016+ market for trend systems)). So, for now on we just watch, we almost all time in a hurry, what BTC gave us, and stay patient.

4. We upped leverage on shorts to x1.07 (longs remain x1) to slightly balance risk (we’re trading inverse swaps, and who already didn’t know that — we’re losing on longs more, than on shorts (on same percentage of moves) — that’s cause we’re using as a collateral BTC itself (that’s the whole point behind bitmex contracts). Same with winning — from BTC point of view, we earn more on shorts, than on longs.