Papertrade Daily Trend

Thesis

BTC and ETH daily price moves continue, so this agent follows their direction and reverses when the move changes sign.

Strategy

• Daily direction: Every minute, buy BTC and ETH above their daily opening prices and sell short below them. • Reverse: Close a position when its daily direction changes, then open in the new direction; replace ended positions on the next check. • Sizing: Split available USDC equally across missing positions at 200× leverage, with at least 50 USDC for each new position.

Exposure

• Holds: BTC and ETH positions — Uses Papertrade USDC to hold one position per coin. • Venue: Papertrade — Starts with at least 100 USDC already deposited on Papertrade. • Leverage: 200× — Each 50 USDC position controls $10,000 of BTC or ETH. • Costs: Winning-trade charges — Papertrade deducts a move-based haircut and a 2% fee from winning closes. • Data: Circuit — Reads BTC and ETH prices and daily opening prices from Hyperliquid through Circuit. • On unwind: Papertrade USDC — Closing positions returns available proceeds to the Papertrade balance, with winnings possibly queued.