EngineeringRobo building trading indicators for successful trading

InterviewFebruary 28, 202325:42

In this episode

Ashton Addison speaks with Cansoy Gurocak, the Founder of EngineeringRobo, on their robo advisor and trading indicator for trading or investing in crypto, stocks, and forex. We discuss algorithmic trading, capitalizing on this current mini bull-run, BTC price prediction, and their initiative in helping the Relief efforts from the Earthquake in Turkey.

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Key takeaways
  • EngineeringRobo combines moving averages, RSI, MACD, and proprietary manual strategies to generate buy and sell signals with claimed up to 88% success rate.
  • The indicator works across multiple timeframes and trading styles including scalping, swing trading, and position trading, with recommendations based on trader type.
  • Swing traders representing over 70% of the market should use daily timeframes, while day traders can use 15-minute to 3-hour timeframes with the tool.
  • The founder developed EngineeringRobo after spending excessive time testing 15+ different indicators between 2016-2019 without improving trading success rates.
  • Over 500 members have used EngineeringRobo consistently, prompting the founder to write a book addressing frequently asked questions from the user community.

Transcript

Read the full transcript 3,811 words, auto-generated

I'm Ashton Addison from blockwest capital for investment pitch media and today on the crypto coin show we have cancer agurachek founder of engineering Robo cancel my welcome to the show and it is a pleasure to have you here today you're very welcome I feel like it's a great time to have you on the show with this Robo advisor that you and your team have built because the cryptocurrency

markets seem to be moving into the next leg of the bull run and when everything is going up you know it's great to have other information on the markets and and data to allow you to trade better and I've tried out the engineering Robo for a little bit and I think it's a great tool to add into trading View and for charts and things like that so excited

to have you on the show and to hear a little bit about your background and what engineering Robo is doing and where it's going so let's kick it off from the top cancel it if we can maybe just give a a brief intro to what is engineering Robo and then we'll dive into all the details absolutely so engineering cover is a robot advisor that follows the competitive program to create entry and

exit ideas to users with up to 88 success rate amazing and can you talk a little bit about your trading journey and and what led you to actually developing and releasing engineering Robo to others absolutely so I got my first Bitcoin in 2013. uh at that time one Bitcoin was 200 dollars

and later on I thought my Bitcoin when it doubled the value to my friend that who recommend me uh to join the Bitcoin crypto line in 2016 I decided to became a part-time Trader and from that time until 2018 and 2019 I tried to different strategies I use different factors to increase my success rate but the biggest problem was that I was spending so much

time in front of the screen and I was testing the different algorithm I was using different indicators I was using different uh oscillator however I was not increasing my success rate I started wonderful indicators 15 different like an oscillator but it was all mixing up and that's why I want to create something to make my job easier and to increase my

success rate and how engine improvo was born in 2019 June amazing the entrepreneurial journey of you know you have that problem and yeah trading can take a lot of time so having tools that to consolidate all these different indicators things like that helps save a lot of time and and make it easier from what I understand with the engineering Robo it's an indicator and

it doesn't just you know tell you whether the price is going to go up or down or to buy or sell but there's all these other indicators sort of built in one whether it's the the Bollinger Bands or the moving averages and things like that what is all inside of engineering robo so first of all Ashton when I was trading in starting from 2016 I tested different indicators I used the moving

averages I use Fibonacci levels I use support resistance levels I use the RSI macd and so many different indicators oscillator but the problem was that when we mix so many indicators it doesn't mean that you will get the amazing results so we don't say that if you use time or more different indicators at the same time your success will increase so what I I

picked the best ones with my at that time three years trading experience and I tried to print the best combination to Our member actually I brought it to myself I picked the best one to increase my success right and with the group of four people we coded all this my manual strategies and then we created engineering Pro okay good to know the question what we use it we use the

moving average we use the RSI we use macd we use and we combine my manual strategy to create the engine income okay and is this used mainly by you know those traders that as you mentioned you know that's their day job is like trading all day what if there's people that are just doing you know trading once uh once a month or you know if they're just

looking at more so investing in Bitcoin and things like that in the long term does this also help with those other strategies so there are four different trading stocks in the market the first one is scalpers that who may metric in the future Market the second part is the swing Traders that they say in the spot market and they generally trade a few times in a

week and the third time is the position Traders and investors so right now I can easily say that over 70 percent of the traders in the market are swing traded it's been a trade a few times in a way and I can confidently say that engineering cover works perfectly for all this trading uh different Traders so it can if they work with the scalpers

swing Traders position Traders so we tested and so many of our members they approve the success rate of engineering wow so those Traders are normally trading different chart uh times you know if there's like a one hour chart or one day chart you know or for investing one week chart and also different coins on different exchanges is there um does the engineering Robo work on all

of those time frames and and all of the coins that's a really great question Ashley thanks so much for asking me so first of all Traders should ask this question to their stuff the question is that the ultimate question is that what is my trading stock so all you can understand your trading Style it is depending on your experience it is depending on the time that you put it

into trading and also depending on your budget so when you set all of them your goals your time your budget and all of them then you should decide the best time frame that to the best time frame to use when you are trading so if you are a saving Trader and when I am talking about sleep Trader I talk about the over 70 percent of the Traders the market

that they should use only one day time frame on charting platform so if you are going with the five minutes time frame or 15 minutes per frame or we can say that 45 minutes time frame it's mean that you should put more time into trading and it switch from uh swing trading it turns to day trading so if you are if you are someone who put

who use 15 minutes time frame it's mean you are a day trader and what does it mean day traded it is your main occupation it's your main job sure and your question is that I would like I said yes engineering cover works on all time frame but we do recommend Traders if you are a swing Trader you should stick with the one day time frame if you are a day trader you can use

within 15 minutes time frame to three hours time frame and if you have a scalpur you can also use the engineering or uh on 15 minutes time frame to three hours time frame so this is that a jingle works with all-time player but the most important what is your trading stock okay I know that that makes sense and I'm glad that it works with with all strategies and I uh from what I

understand all of those moving averages and the macd RSI things that you mentioned that sort of accumulate into these buy and sell icons like above the candle so do you just intro you introduce the indicator into your trading view charts and then you know when the candle closes on a buy you just just you just buy absolutely yeah yeah absolutely so you

know like is there like a secret formula Coca-Cola exactly what they use but they don't know what is the amount so that's the secret formula of Aging so it is obvious I am saying that to people I used to make tea I use the moving average I use the RSI I use the stocks SD and I also use ATR and I come by it but the amount and the numbers is a

secret formula in general amazing and I see that you have a book that you have written which you have on your desk there that just came out and I did purchase it uh when it came out because I've been following you so I have a copy uh right here um which is which is a great you know not too hard to read not too thick um but valuable information can you talk

about uh writing the book and releasing that and what's the extra value or you know what's the goal of also writing a book for stock trading absolutely so Ashton SEO re bomber we did our first video uh two years ago and at that time I was the uh experienced Trader but I was a personally new to all go trading and for the first two years I started to receive

so many questions from our members so far right now uh over 550 members they have been using engine cover at the top of the bull market for the last year we reached over almost 700 people 680 690 members they were using engine cover and with fair market we lost some of our members so right now I can only say that over 500 members they have been still

using engine code for the past two years I start to get the same question over and over from our member and I said that you know what I should start to write a PDF file that I can send it to engine Global members and they can find the easily the answer and when I start to write the PDF file and I said do you know what let me put the more information and I should turn

to booklet then I said you know what there are also some more information that I want to edit the booklet and the booklet turned the book with almost 170 page amazing well I've taken a look through it and um there's a lot of valuable information so I think it's a nice uh something that you can have on the coffee table and be like you know what I do algorithmic trading I think that's

pretty cool especially for for people that are just learning about investing in the stock market so thank you for that and you know I I'll put the link to Amazon for the book as well because I bought it on there and uh comes right away so um thank you for doing that so for internal interrupting you this book is not just for NG Global user so I don't recommend all the traders to read

this book and what's the reason the number one reason this book will hide traders to understand their trading stock this is the fundamental thing at the beginning so when you understand your trading style it is easily easy to build your trading strategy so first you will understand your trading style and when you are understanding you already know what kind of time frame that you should

use on the charting platform what should be your potential goal what should the potential gain at the end of the quarter at the end of the year and then it is so important that you should get high bro I'll go trading or artificial intelligence and I am just giving the example people that when you enter the trading life like you have a part

and when you have a farm if you want to get the best return you should use either drone or tractor so there is no more using your hands to work on your part and that's why engine cover is bringing uh giving you tractor to get the best value from your part that's my example with you I love that analogy and you know the the

cryptocurrency markets since January 1st have just turned and just everything seems to be going up although the mainstream media hasn't really put a lot of attention on it you know people that aren't really deeply involved with it haven't really noticed which I think is a good sign um but I know that you're involved deeply in the markets can you talk about

the last two months of trading and using engineering Robo and you know the success rate of taking trades using the indicator absolutely before that I would like to give you a example from the market Cycles actually and I do know you in person almost like a six years as well so you should understand and all the Traders should understand the importance

of Market cycle and when it comes to topic to cryptocurrencies we generally see the new bull market after the following day what's this is it because the rewarding is drop to Hull from 6.25 to drop the 3.125 around like this at that what does it mean eventually the Bitcoin price

should go up and I have been in this market I got my first Bitcoin in 2013 and since 2016 I have been uh day trading full time in this market and I am saying that many many bull market and the last mini bull market we experienced uh 2019 summer time like a 2019 May June July until August be so the Bitcoin went up from three thousand dollars lower to

up to thirteen thousand dollars level so it's the same thing that I personally believe that we are not in the beginning of the bull market we are in mini bull market so what is the next goal honestly I do follow my algorithm in gene promo around 17 000 level we gave white signals to all members with the two different algorithms and since seventeen thousand

dollars and right now Bitcoin is around twenty five thousand dollars is pretty much up 45 percent and Engineering Google is still bullish and our goal is until engineering promoters bearish we want to follow the algorithm so instead of I spend 10 hours in front of the second with engine cover I am spending around half an hour per day and I am easily

getting the similar result so the question is that where are we going honestly I am not a fortune teller actually so yes I have some goals like in the previous bull market I was targeting over six over hundred thousand dollars now and the key level was 140 000 my background is mathematics I'm an engineer as far and I cultivate that Bitcoin is going to hundred forty

thousand dollars now it didn't happen but engine cover gave cell signal to us around 58 000 and I exit my position so I am at the same position right now engine cover gave bicycle around seventeen thousand dollars we entered the market one more time and now Bitcoin is twenty five thousand dollars there is still no sell signals there is still no weaknesses and

I want to follow the way until we get two different cell signals the confirmation from aging about to exit our position but from the technical perspective Ashton I can see that around 28 30 000 we have a strong resistance level uh if I do personally expect that Bitcoin can go up to thirty thousand thirty thousand dollars and at that level if a decision cut until one let me

tell you until May 2023 honestly my personal uh expectation after May during the summer time July August September I do expect that all the financial Market will collapse one more time this is my personal expectation I am not talking about being Jacob my personal expectation is that my prediction is that summer

time we will experience big uh Financial collapse in all markets amazing well thank you cancel my for giving a prediction a personal prediction because often people are you know they're they're scared to give their predictions because they don't want to be wrong but the market uh you know it never goes up in a straight line and I think what you said there about 30

000 it looks like it's uh it's on its way um but I don't I I expect there to be some down points between here and a hundred thousand so um and I have heard from traditional Traders about sell in May and walk away so we'll see if that is true yeah we'll see if that's true go ahead one more thing uh so that's the great thing selling the May and walk away so

let me tell you one thing about that book as you know that institutional Traders between the cooperation with the money the first time enter the market after 2019 and before 2019 so many retail Traders like people like you and I were in the market and we didn't have the like our trading Style Trading characteristics

and we were trading summertime winter time it didn't matter however when the institutional Traders entered the market after 2019 they brought it their own experience from the stock market and the stock market as we mentioned that there's a saying that selling May and walk away and it happened for the last two years as well it happened in 2003 and 2021 to 21st and 2022 after the made

we sold some big crashes as well and that's the reason because the people who have experience in the stock market also enter the crypto Market that's the reason they brought their own characteristics to crypto Market okay well I'll be following the the indicator and see you know when the Buy Signal comes in uh when the sell signal comes in in May we'll see so thanks for that

Insight cancel it and now I want to ask you about uh the the philanthropy and the relief efforts that I know engineering Robo uh was doing with the relief in Turkey from the earthquake I know you're personally affected by this um and then the team's been helping uh sending relief Aid can you just touch on that a little bit as well uh thanks so much for asking this

question as well actually so in the morning of February 6 uh two powerful earthquake hit southern part of Turkey uh so I want to give you a little bit information as well 15 million people affected in 10 different states I am estimating that almost 100 000 people they lost their life and some people they cannot imagine what is

hundred thousand people let me give you one of the example because you are also a Canadian Canada Canada lost 60 000 people in the first World War wow and they lost 40 000 people in the World War II like I'm talking about Canada so to combine first World War and the second world part Canada lost almost 100 000 people

turkey with this earthquake they also lost 100 000 people wow and also I want to tell you one thing that a power of seven point a total of a magnitude 7.8 earthquake is equal to 96 atomic bomb oh that's Allah yeah I have so many uh family members

relatives in that area uh thanks to God my close family members they are alive but my uncle uh my aunt my cousins they lost their houses they lost their cars valuable things uh that's being said I decide to donate all the income from the engine cover for the last one month and so far I I donate close like a ten thousand

dollars level and it is not that is possible of the Turkish people I am saying that is there for human being and this is the unfortunately the people having a hard time in that area and I strongly recommend people to donate it could be a small amount or big amount to make a difference for the Turkish people in this earthquake area wow yeah those are some startling

numbers and um and I really appreciate create helping being able to help spread the word of this and thank you for donating to the cause and helping people of the country and spreading the word I've seen throughout the communities and throughout Canada that you're really making a big difference um and as well with the fees uh donated from engineering Robo

um you know if it's just in a time when the Market's going up and you know when when there's games to be made there's also giving to be done so so thank you for that cancel it and we don't have a lot of time uh left but what is the best way for people to to learn more about your book and also just to try out the engineering Robo and and get in touch

with some of the communities uh people can find us on all social media channels we have our Instagram Channel Facebook channel YouTube channel even Tick Tock Channel but they can find a group of people in telegram group so we have uh around thousand people in telegram group they can search as engineering Global but the first thing that we recommend people to go to our

website engineering about.com and also the page they can find all our social media links and they can follow us uh with all this Channel and they can also get one week free trial from us they can test it they can reach our customer service they can get the answer almost 7 Days 24 hours and we are here for that as long as they can see the value they

will be a long-term engineering members awesome thank you cancer I will leave the uh the link to the communities and the free trial as well in the description box below um and uh all the best with the market moving forward uh hopefully you know your predictions come true and um and this can help a lot of people out and hopefully we can give back to Turkey uh

through this video as well and just through the market gains so I really appreciate you coming on your insights into the market are incredible I'm all the best with everything engineering Robo moving forward and let's follow up in the near future again thank you for having engaged

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