OKCoin Bitcoin Bot: Burst Momentum and 50% Position Rebalancing

Summary

This high-frequency Bitcoin strategy pairs short-term burst trading with portfolio rebalancing. It estimates a reference price from several order book levels, tracks recent trades and volume, and enters in the direction of a sharp move when price clears a threshold. Trade size is adjusted for recent volume and startup ticks, while orders are placed and canceled around the quote. Separately, when the Bitcoin share of the account moves outside a narrow band around 50%, the bot submits small orders to restore balance.

The original description reports growth from an initial 6,000 yuan to 250,000 yuan between June 2016 and mid-January 2017, but provides no independently verifiable performance analysis. It also states the approach became ineffective after trading fees were introduced and leverage was restricted. The migration notes say it was not live-tested, and caution that simulated trade data makes backtesting uninformative. Results therefore reflect a historical claim in a specific exchange environment, not evidence of current viability; fees, fills, liquidity, and operational behavior are central limitations.

Key ideas

• The bot combines burst momentum entries with rebalancing toward an approximately even split between cash and Bitcoin.
• It estimates price from multiple order book levels and scales trade size using recent volume.
• Orders are canceled or adjusted when they remain pending, making execution behavior part of the strategy.
• The reported historical account growth is not accompanied by independent verification or a full risk analysis.
• The source warns that fees undermined the approach and that simulated trades make backtests unreliable.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.