Thank you. Okay, can everyone hear me? Oh
Okay, can everyone hear me?
We can hear you. Oh, I see a happy new year Brian. I hope everyone's having a good new year
All this crazy she happened in the world so
yeah this is like pretty crazy I was just at the gym I was literally just at
the gym and then I had to go to the hardware store to get some cow manure and tomato and vegetable potting mix for my missus so yeah so they won't have any questions or
like everything like that or maybe just give us a probably what i keep seeing on the timeline is just people asking what
exactly like the agent or the the tech your building is kind of just give a rundown of that
that'd be cool yeah for sure man so um well i'll tell you like the start or how it started and then
so i had like a hard issue well i was trading full time i was trading for about four or five years so I came from trading Forex and I was trading for a prop firm in Forex so then I transitioned
to crypto in about 2019 and then I traded all through that bull market but
in 2021 I had like this heart issue so I thought he's like heart murmur and I was like in and out of hospital for 18 months and end up having heart issue so I thought this like heart murmur and I was like in and
out of hospital for 18 months and end up having heart surgery so while I was in
hospital one of these times actually got I liquidated I got I got wrecked so um
and then I had the idea that I was like okay I need to like build a trading
environment for myself because there was nothing out there
that was like it, that was similar to it.
And I got the idea from a,
So if you don't know what MT4 is,
it's just like a platform for trading Forex basically,
where you plug in like an exchange API
And what this like what this script did was just basically automated position sizing so
it was just so easy made it everything so so good so basically what you had to
do then was just like drop your levels on a chart place your limit orders, and the position sizing would be taken care of for you.
And so you predetermine the risk parameters.
So let's just say, for example,
you only wanted to risk maximum 1% of your account
Then you could just drop your little your levels and it
would automatically determine what the vision sizing is because basically when
you come when a trading futures and perps or anything with leverage the
biggest roadblock and the biggest thing is gonna fuck you is is risk management
so your lack of risk management and that comes down to your decision
making when it comes to position sizing so what happens is you get like this like rush of blood
your eyes light up and you just start thinking about like uh how much money you can make on a
trade on one particular trade and greed and fear come in and and this sort of like yeah happens
around when you when you're
entering the trade and when you're exiting the trade all right so and if um so i was like okay
well if i can just build something for myself which is like gonna um abstract away that decision making
then that's going to make it then you can sort sort of trade more like a robot and emotions don't come into it as much.
So if you can automate the position sizing
and you can automate the trade management part of it,
then you can trade more like a robot.
Then you're basically increasing your chances
of being successful over a long period of time.
So instead of looking at one trade
and looking at the amount of money you can make from one particular trade you start to look at it
from perspective of like okay what's my win right over a hundred trades or a
thousand trades all right then you can sort of trade more like a bot right and
that's how that's what the the best traders do so yeah that's that's kind of
what I wanted to do so I was like okay and I
was thinking about just like paying someone to build this like training
environment for me but then I was like I was in hospital I was in like I couldn't
move I was like had all these wires attached to me and like my heart rate
was like 200 beats a minute resting and I was fucked and I was like oh I was just like how hard is it how can
like learning how to code be so then that's like when I started to learn how
to code so I just basically went on to like code Academy when I was in hospital
and started to learn there I did like a that I actually did like a boot camp and
now go to uni and stuff but that's that's beside the point so that's basically where the IT came from so yeah
that what it is basically Testudo is a an exchange aggregator so it's like just
just imagine like a front-end which is like just looks like a normal exchange
like an exchange aggregator.
So you can plug in like finance.
Well, I've basically, initially I'm just going to make it for like centralized exchanges.
And it's like a really cool piece of tech or CCXT where you can basically utilize all
can basically utilize all these different exchange API's so you generate an API plug
these different exchange APIs.
it into testudo and then you can trade from your account so it's just like a like a front
end overlay on on your accounts so you can plug in finance by a bit, etc. So and I'm going to work on decentralized exchanges like hyper liquid for example
So yeah trade straight from your wallet
You won't have to open an account with a centralized exchange. So
Yeah, so the the idea what I'm doing is I'm just making something for myself that I know that's going
to benefit other people as well.
So the back end is built in Rust.
The front end is TypeScript and React. and yeah so basically you'll be able to once it's completed you've got to just
plug in your API you have like just an interface with a chart and then you have
a position sizing tool which is which would be like resemble a long short
position sizing to on trading view and then you just be able to place in your entry
and regardless of where your stop is.
So let's just say, for example,
you're trading Bitcoin at 100,000.
Let's say Bitcoin's, let's say it's 100,000.
You place your stop at 95,000, right?
And from the entry to the stop,
it'll determine your position size
based on your risk appetite. So you might determine that your risk the maximum amount of risk
you're a place in one position is 2% it will just determine the position size
based on that so and then the next phase after that will just be like I'm not sure if you guys have used my forex blue or was it was a coin market man or something
coin market manager which is just basically like a trade journaling
which I think is really powerful.
So I'm trying to like unify this. So, you know, you have like a trading environment
where you can place your trade,
position sizes are automated.
There'll be more advanced trade management later.
And then there'll be like in-depth journaling
and analytics tooling as well.
So you'll be able to see your win-loss ratio you pay
now yeah and you get a visualize that with your charts so yeah that's the
am I talking too much? Has anyone got questions?
Yeah, so if anyone's just just
Plugged into plug into the spaces so Testudo is a trading platform and lets
you trade crypto across multiple changes from one place so instead of having five
different apps for a Binance, Coinbase, Kraken you'll be able to log into
Testudo once you've set up you're going to log into Testudo and it handles your
routing your orders to the best
handles routing your orders to the best venue automatically.
So, yeah, so it's an exchange aggregator built in Rust.
And then it has like a loop to a decision-making engine.
So the decision-making, have I muted people no yeah
so so there's two parts of the back end so there's the exchange aggregator then
there's the decision-making engine so before you place your trade it loops to
the decision-making engine and
that determines your position sizing and all these kind of things so the the
that's kind of the brain right so the brain will basically determine your
position size and also enable me to plug in more advanced trade management later
and also perhaps like artificial intelligence implementations as well
later on down the track but like ideally like I like to trade I don't I
don't I enjoy opening up a chart and finding more levels and then placing
trades and stuff like that so I like to
I'd like to keep that kind of manual aspect around but automated automated the way the
part where you're making decisions based on emotional state your emotional state so
that all comes down to how much money you're putting on one trade compared to your position sizing compared to your overall position i mean
i have a question regarding like the algorithmic side of this i've always um so when people like like aggregate exchanges i always wonder why they don't get into uh like arbitrage for retail traders, like offering arbitrage as part of the algorithmic end of your product.
Because it sounds like you're already, you know,
going a bit algorithmic with the position sizing.
And I like the sound of that.
So I was just wondering if like arbitrage opportunities,
like latency arbitrage between exchanges, if that was something you considered yet um yeah i i haven't considered
it for this but that that's something that you could look at later um but i think like these
days i think like the days of like arbitraging between centralized exchanges is very rare and
you you're competing against like a lot of
like monsters in the space when it comes to that um so i have actually looked at it before i think
like um you know five six years ago you you would have found some great opportunities with with that
but um yeah yeah i think like the last time i looked at that kind of stuff it's like a lot of people
were like just saying that the days of that is is kind of over just because of
the the amount of competition in the space that you're gonna face you like
those institutions that you're competing against when it comes to that you know
then they have billions of dollars on them so but that's something you could face that you're going to face. You got those institutions that you're competing against when it comes to that, you know,
then they have billions of dollars on them.
So, but that's something you could look at later for sure.
If anyone else is more knowledgeable about that than me,
If anyone else is more knowledgeable about that than me, just feel free to jump in.
just feel free to jump in.
And I think you're right on everything you said regarding arbitrage.
I'm just thinking back to the blip we had in the market a few months ago when all market makers kind of shut off for that brief moment.
And there was pretty much like no liquidity on the books
everyone resorted to arbitrage opportunities i just think if you have that like offered i think
it'd be great but that's just me yeah that sounds really cool yeah i don't i don't do arbitrage
myself i i i admire that because uh it's hard to do what you're saying it's hard to properly but i
there's there's constantly coinbase premium you're saying, hard to do it properly. But there's constantly Coinbase Premium.
There has to be ways to like trade based on dislocations,
based on Coinbase Premium,
which exchanges are dislocating first
and kind of arbitrage that back.
I don't know, just an idea.
Yeah, so there's definitely like educators
like the one you mentioned,
But yeah, I'm keen to explore that for sure later.
Yeah, I'd like to just finish the,
like a minimum viable product first,
and then so people can actually use it
and take advantage of it,
make sure that it's like low latency
and actually like nice and clean user experience and stuff,
which I'm still working on. and actually like nice and clean user experience and stuff,
which I'm still working on.
Hey man, can you hear me? Yes.
Yeah, I was having trouble, so I had to leave.
I don't know if someone asked this already.
So you talked about, first of all,
I wanted to congratulate you on what you're building
because it seems very, very cool and useful.
You talked about the roadmap.
You talked about phase one and phase two.
You, for what I understood, this is an exchange aggregator that it's kind of an overlay on top of exchanges
like Binance, Hyperliquid, Coinbase. Will you add all of these at the same time? Do you have like
a timeline? Can you tell us a bit more about what you are thinking in terms of adding these features?
you are thinking in terms of adding these features?
Yeah. So, the timeline is just to
initially support one exchange.
Once I can sort of support one exchange,
so like Binance, for example,
the rest are very easy because CCXT,
yeah, I'll just bring it up.
As already got support for like dozens of exchanges.
So it's a crypto currency exchange library.
So I'll just share it on my...
So I've just shared that on my timeline.
So it's got more than 100 exchanges.
So, yeah, so basically the goal is just to support one exchange initially and to get
the risk management engine working and to ensure that there's like no latent, like it's very fast and very quick
and very easy to use and very simple with no like,
yes, I wanna like make it like as minimal as possible
in terms of like, when you open up the test two day,
you've just got the chart
and then you just got the tool
and then you've got the analytics as well.
then we can sort of want to expand to other exchanges.
Then I don't have like a definite timeline for that
You know, so like within, yeah, as soon as possible.
As soon as I can possibly build it, you know.
I don't like to give timelines
because it's not like not six months away or anything
like that you know yeah so if you have to to kind of like choose one benefit the main benefit over
i don't know if there are any competitors any other tools doing this i i i think that's why
this i i think that's why yeah what would be the main benefit you talked about better decision
making risk management also i think speed of execution so what what would be the main benefit
the main benefit for retail traders like so the main benefit is um
Like, so the main benefit is,
is the automated risk management part.
So you gotta understand that these exchanges,
Like I used to work for an exchange.
I used to work for a forex exchange.
So I've seen firsthand how predatory they are.
They want you to liquidate, right?
They want you to liquidate your account.
They, so, and cryptocurrency exchanges are no different. to liquidate right they want you to liquidate your account they so and
cryptocurrency exchanges are no different so so they make they build their app
they build their exchange with like flashy but the same way as a poker
mission they make like pokey machines like slot machines right they make it
the says like flashy buttons everywhere there they make it so it's like flashy buttons everywhere there's
numbers everywhere so it's like a little bit confusing and so it's like you get like sort of
um they make that they're making that way on purpose so you click the button so they want
they want people to just to click the button and to to over over leverage and to over over extend
their position right that's what they want.
That's how they build it.
So I want to build something that's the opposite.
I want to build something that's like minimal.
So it's like you're not getting overwhelmed.
So someone who's like new to trading or relatively new,
they're not necessarily profitable or anything like that.
They could just come, they can look at a chart,
they can just make decisions based on where the limit order is where their stop is and where they
take profit is they don't have to worry about how much money they actually
putting on that trade so that's the part which is which fucks everybody right so
let's say so Johnny John comes in he opens up his exchange he's got a
thousand bucks and he and he thinks going to go up, right?
He puts a thousand bucks on Bitcoin, but his position size might be $8,000.
So he's way overextended.
So what will happen is he'll get stopped out and liquidated and then it will just go up
dated and then it will just go up anyway because he's over positioned himself do you know what i
anyway because he's over positioned himself.
mean so that's what p that's um where 95 of traders fail at trading and lose money so if that part
can be obstructed away from decision making process then it's going to increase hopefully
your chances of actually making money trading perps does that make sense
trading perps does that make sense
yes i i think so it makes all the sense i guess liquidation there's nothing out there like it
otherwise i'd be using already there's nothing out there like it really you can probably like
and there's nothing out there like it which has like a unit which unifies like the trade the
like the journaling side of and the analytic side of it you can get like um
you know but you can you can use like coin market man which is great yeah sorry i was having trouble
with my sound yeah it makes all the sense I guess
liquidation is the main uh pain point for for trainer for traders right so yeah it makes all
the sense here so guys uh the dev is here uh please participate uh ask questions, give suggestions, please.
I'm kind of monetizing the questions.
I have more questions, and hopefully not too out there.
I'm not trying to catch you off guard or anything. But as far as risk models go for the calculations and and like automation for sizing plus take profit have you um what risk
models have you considered and do you plan on doing multiple like multiple risk models um so
the risk model that um yeah so the initial risk model is based on Vanthart.
Have you heard of Vanthart?
Again, I'm going to cut you off. I'm just curious.
Because I like the approach of this a lot.
It's making trading more binary for people who are learning, you know? I'm just curious because I like the approach of this a lot,
making trading more binary for people who are learning.
Yeah. So it's just a very simple one.
So position size would just be account value times risk
percentage divided by entry price minus your stock price.
So basically like you would determine,
so before you start trading,
you will set a risk percentage on that particular account.
Okay, so then when you open up a chart,
you place a limit order and then you place your stock.
Okay, and so it'll calculate the position size based
on the entry minus the stock price.
So it's not like taking the account volatility
but that's something that I'm definitely looking at as well
to incorporate that later.
I think there's like a lot of good applications for like-
Yeah, I'll post something that,
this is just a risk management template.
I just think that the whole idea of this is really good because
There's other like more advanced risk models
I can't remember the name
did that answer your question so initially it's just simple it's pretty simple
yeah i answered my question. Thank you. I appreciate you. I do have another question if you don't mind.
I was wondering, in terms of automation,
do you plan on bringing algorithmic trading
beyond just the binary decision-making?
Do you plan on bringing more automation?
Or is it going to stay in manual trading?
Yeah, so I got all this from Reading Van Tharp.
So that's some really good content
if you're into trading and risk management
and position size based trading strategies and stuff like that. Það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að er að það er að það er að það er að þa so yeah so I guess that what I'm going to do today is I'll pump out like a landing page for
test today that'll be pretty cool a little website actually made a sick one, but I accidentally deleted it.
Can I ask you just another question?
yeah okay so um can i ask you just another question
Can I ask you just another question?
Will you onboard users in like a test phase first, or what's the plan?
There will be like a close better?
So I guess like the one that initially the risk model, we fixed fractional.
Um, but you know, there's another one called like the Kelly Criterion, for example, that
I was looking at implementing for sure.
And that basically, it sort of mathematically optimizes risk based on your edge and your
win rate so and there's other ones as well which factors in the volatility
of the asset which is a little bit more complicated to implement which I think
is really interesting obviously everything in crypto is highly volatile
but you know some are more volatile than others so so what yeah the idea of that would be something that's less volatile on Bitcoin you'd be out of
risk more and it'd be automated for you whereas if you're trading something that was a lot more
volatile like a like some random shit coin with liquidity that it'll it'll risk a lot less so it
might be like 0.2% of your account now that'll factor that in so that's
definitely something that I'll definitely want to implement later for for sure but initially just make it simple
has anyone else got any questions or yeah can you hear me uh stories or anything yeah yeah yeah we'll go i will go uh so um so you have you claim fees already and you have fees to claim on dig back on this bags token uh can you specify
how you are going to use the fees and and what are you going to do with with this uh with this money
i think he's having issues hearing us boys i think he's as isn't it's kind of like i'm I'm not . He didn't hear anything I said, and then he didn't hear crypto DJ and Joe,
Probably an internet thing.
Yeah, I'm trying to DM him to see if he's having problems.
I don't know if anyone's talking, I can't hear anyone. Can you hear me? But the space is open so like everyone should be able to talk.
But, oh no, someone's trying to talk right now.
Yeah, so, yeah, I think he's having problems and he cannot hear us. So yeah, he's saying that.
Let's see if we can solve the issue. I think he, are you guys hearing me?
Yeah, he's telling me that he's talking right now,
so he's definitely having problems with his mic and audio.
It must just be some extremely insie,
because even you're lagging, but I'm sure he'll come back.
All right. Can you hear me now?
Yeah, yes, can you hear me?
Can you hear me? Can anyone hear me? Yes
Okay, you can hear me. I try talking
Hello, can you hear me all right try talking hello can you hear me no the fuck just looking for him before I'm pretty sure I spoke for like five minutes before.
I don't know if anyone could hear me.
Guys, so he cannot hear us.
So if you guys have any other questions,
I suggest that you post them.
So just post your questions question it looks like everything
should be working um especially it was working before
all right okay there's any question it's just DM me just come into the bloody the community and post it post the question
Oh damn me my dams are open Thank you. Will our onboard users in the test phase first? Yes.
Okay, so yeah, I will onboard users in a test phase first, because that's good, that's a
good thing to do so i can iron out the bugs and stuff like that
and so before people start risking their um they're connecting their their live accounts
and stuff so um but i'll be obviously testing it first as well myself for sure it shouldn't take me too long to implement it's like it's not like I'm not
it's not like I'm not like it's not rocket science I'm not like landing on Mars or anything
like that and with um especially with the state of AI at the moment I just would have taken me years without cool code
Jates fighting for entry and so is what is fun how do I plan to market to student once is ready well basically well how do I plan to market well I was like what I was thinking that I was like thinking more of like a SAS model so
like a subscription model so I wasn't thinking about launching a token with
this initially like I was like they can just and then like maybe using my apps
humor or something like that and just like being like i'm
more having a like a more traditional sort of approach to marketing um to get all right like
but also once this is good once this is ready like i'm um i can really touch base with like
my former mentor he has like a group of like 10 000 people and
then they they trade they like they don't they don't trade coins they just they trade
the might like they trade stocks and forex and crypto and they they trade all different
types of things so um i think this could be beneficial for people who trade so that was my plan because like yeah I think like we've
crypto like the crypto especially crypto Twitter it's just the same people on
crypto Twitter and they just care about whether the number goes up where I want
people to actually use the product and benefit from it and like you
know not just like it's not speculating on some sort of arbitrary token I can
definitely use a token though but I can definitely use token to like as a
utility and build utility into a token that's definitely an avenue I was
thinking about as well but first of all I was going to do like a
ship script like a sub model yeah like 50 bucks a month to use the product because it's an easy
has advanced function functionality for sure that's where 50 important way to sort of to onboard people not necessarily from
this space you know onboarding people from other spaces to actually use the product I know you know without
Just trying to bloody pump a token, you know
I'm not like a marketing guy though.
I haven't bought it yet, no.
Hello, can you hear me? guys he cannot hear us so here's the problem with this audio so if you have any questions you guys you guys can What else after this call I'll draw arm work out these bags app I'll pass on with the token to support it
I think that would be a good idea I can also livestream like little coding sessions as well
Really like my little setup anyway
So I use I use NeoVim mostly, NeoVim and Clawcode, like a combination.
And Antigravity I think is really cool as well.
And so I sort of bounce between those things. Спасибо. Okay, so I'm just going to wrap up the spaces now because I can't hear anyone.
For some reason I can't hear anyone.
So just post it if you have any questions if you're asking questions now
Just did they em me if you like or post them in the arm in the community and I answer one by one
Peace you saw legends. I hope you all get I've your smashing my millions of dollars
