ETI
MLPX Elite Traders Index
BTCThe Elite Traders Index is a measure based on thousands of strategy experts’ “vote” on market trends. It gathers and analyzes over 4000 strategies from nearly 2000 strategy professionals , making it an invaluable tool for investors seeking to understand and predict market movements.
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FAQ
1. What are the components of the MLPX Elite Traders Index?
Long/Short Ratio:
The Long/Short Ratio represents the percentage of elite trader-developed strategies that currently hold long positions. If the ratio is greater than 50%, it indicates that the majority of traders are bullish. Conversely, if the ratio is less than 50%, it suggests that the majority are bearish.
Open Position Rate:
The Open Position Rate represents the percentage of positions in an open state, rather than being in a closed state, among all strategies developed by elite traders at the current time. This indicator is generally considered to reflect the volatility level of the current market from the perspective of professional traders.
2. What investment assets does the MLPX Elite Traders Index currently support?
The MLPX Elite Traders Index currently supports the five largest cryptocurrencies by market cap: BTC, ETH, BNB, SOL, and XRP. Additionally, it includes five stocks: AAPL, AMZN, TSLA, MSFT, and NVDA.
3. How often is the MLPX Elite Traders Index updated?
The MLPX Elite Traders Index is updated once daily, with the daily segmentation based on UTC time at 00:00. The provided index values only represent traders' predictive assessment of the market trend for the day and are re-evaluated daily based on new prices.
In the near future, we will consider introducing hourly updates of the index values to capture shorter-term market trends.
4. Which strategies are used in the index calculation process?
MultiplesX has gathered over 4000 open-source strategies from platforms such as TradingView and GitHub. These strategies are uniformly backtested to determine the position direction. In order to objectively reflect market trends, we generally avoid making subjective judgments or selections regarding the quality of the strategies. Instead, our aim is to give each strategy an equal opportunity. However, we have still put in significant effort to align these strategies to ensure the overall stability of the index calculation.
The strategies are used with their default parameters, but with a uniform initial investment amount and a consistent position allocation percentage for each buy/sell signal generated.
Strategies that may look ahead into future data or have the potential issue of 'history calculation may change,' which could lead to misleading performance, are excluded.
5. Tips for using the Long/Short Ratio
The Long/Short Ratio is a percentage value ranging from 0 to 100. Crossing the 50% threshold indicates a majority of strategies being bullish, while falling below 50% suggests a majority of strategies being bearish. Typically, when the value exceeds 90%, it often indicates a highly certain bullish market sentiment, but one should also be cautious of the potential for a rapid market pullback. As for the bearish market scenario, it is recommended to set the cautionary threshold at 20%.
A good practice is to consider using the Long/Short Ratio in a manner similar to the MACD indicator. Using the 50% line as a reference point, crossing above the 50% line from below can be considered a buy signal, while crossing below the 50% line from above can be considered a sell signal.
6. Want to learn more detailed information?