Becoming a Diabolo's trader
On boarding
Dernière mise à jour
On boarding
Dernière mise à jour
It is very simple, just read on.
There are two possible scenarios. The first one, you are already an experienced cryptocurrency trader.
From your favorite exchange, export a history of your trades in .csv file. With this file and a proof that the results are those of an account that belongs to you, contact Arno Gaboury, @TTH_gabx, on our Telegram loop (https://t.me/diaboloio) or on Discord gabx#8582 (https://discord.gg/PhuaE4fBpC).
Your results will be examined and your integration will be considered or not.
Don't have a trading history or have never traded in crypto currencies?
Solution two: you will register as a trader on our site and can then start a one-month test period.
Contact gabx in this case as well, he will give you all the information you need to perform the test under good conditions.
You will find everything you need to know about using our trading platform on Gitbook. Once the test is completed, your results will be analysed and you will be integrated into the team if necessary.
Don't hesitate to give it a try. Diabolo offers you good trading conditions in a close and dynamic team.
In addition to the monthly remuneration, Diabolo offers a bonus system from the start, whatever your number of followers.
Quarterly bonuses
At the end of each quarter, a global envelope is distributed within the team according to the performance of each individual relative to the others. The aim is to distribute the amount of the envelope according to the relative performance of each person. For example, a trader who has achieved 20% will receive twice as much as a trader who has achieved 10%. The calculation method used is described in the appendix.
Extraordinary bonuses
To encourage newcomers, Diabolo is introducing an additional bonus system applicable to the first year and calculated as follows :
A performance of more than 4% in the first month gives a bonus of $200
A performance of more than 10% over the first 3 months gives a bonus of $500
A performance of more than 20% over the first 6 months gives a bonus of $1,000
Performance over 50% in the first 12 months results in a bonus of $3,000
A performance of more than 100% over the first 24 months results in a bonus of $7,000
RECRUITMENT PROCESS FOR DIABOLO TRADERS
Diabolo's talent selection process consists of several stages: detection, testing and selection.
The copy-trading or social trading model
Through various web platforms, Diabolo brings together a community of people who are passionate about crypto currencies and want to manage a portfolio. Diabolo offers its community the opportunity to learn trading techniques and exchange information. For those who wish, Diabolo offers a copy-trading service, also known as social trading. People can open an account, deposit money and automatically replicate the strategies developed by the Diabolo trading team.
This is called copy-trading because the follower's account will automatically replicate the operations executed by the traders that the follower has decided to follow. The capital deposited remains the property of the follower who can decide to stop this automatic allocation whenever he wants.
Phase 1: detection of traders
Challenge
The main tool for finding traders with the qualities required to join the Diabolo team is the regular organisation of challenges. These consist of challenges where participants compete against each other over a set period of time. These challenges are relayed on several media with the objective of inviting the largest number of participants. Their progress is monitored by the Diabolo community. Positions are taken on Diabolo's proprietary trading platform and are fictitious. A real-time ranking is made according to the performance obtained. Each competition may have its own specificities, but the criterion generally used is the cumulative gains and losses recorded during the competition period. The operations carried out by the traders are kept for later analysis by the Diabolo team. Different criteria such as frequency or the win/loss ratio allow the trader's methodology to be qualified and his trading style to be identified.
The Diabolo challenges are an opportunity to get to know the candidates, put them in a competitive situation and systematically study their methodology. A selection is then made and the selected candidates are invited to move on to phase II.
Spontaneous application
Diabolo is regularly approached by traders who wish to join the team. These applications are handled by the risk manager and a quantitative study of the trades will be conducted. The objective is to measure the following parameters: frequency and duration of trades, volatility and ratios of gains to losses, drawdowns and the so-called recovery period (ability to go from a negative to a positive cumulative result more or less quickly).
We distinguish two cases.
Trader with a trading journal
This is a person who can show a summary table of his or her performance, as well as a coherent discourse on his or her methodology. The performance chart should fulfil the following two conditions:
Be over a period of at least 6 months
Be certified as the result of the person's work
This trading diary will then be analysed by the risk manager, and the trader will be able to provide in an interview his decision making and risk management methodology.
If the analysis proves to be positive, the trader joins the team directly.
Trader without work-related documents
Some traders cannot provide a certified trading log. They are then asked to carry out a test period on the Diabolo demo platform. This period of at least one month should be an opportunity for the trader to demonstrate his trading ability.
The risk manager will study how the trades were initiated and closed. Performance is not the only criterion used, as it is much more a question of detecting satisfactory behaviour that corresponds to what can be expected of an experienced trader.
Phase II: Integration into the team
Selected traders are integrated into the Diabolo team and become copyable. Their name will appear in the list displayed on the diabolo.io website, along with their profile and access to their trade history since joining the team.
Diabolo's ambition is to offer its community different trader profiles. This diversity must meet the requirements of each follower and offer both highly winning but risky strategies and more conservative but often less successful strategies.
Traders who are just starting out will generally have no followers and therefore no allocation. To remedy this situation, Diabolo replaces the followers and offers an allocation with its own funds. This facility offered to traders allows them to show real performance from the first day of integration without having to use their own funds. Thanks to this originality, the trader can start his activity in optimal conditions and concentrate on his own performance.
Phase III: remuneration of traders
Diabolo has set up several levels of remuneration for the performance of traders. We distinguish between a monthly performance-based remuneration and a system of regular quarterly or exceptional bonuses in the first year.
Monthly remuneration
This remuneration is calculated on the last day of each month, based on the monthly performance. It is equal to 10% of the gains generated during the month. The high water-mark technique is used to define the real performance. A performance is said to exist if the valuation of the portfolio at the end of the month is higher than the last month's and the high water-mark. A trader who shows a positive month but is still below the high watermark will not receive a commission.
Quarterly bonuses
At the end of each quarter, a global envelope is distributed within the team according to the performance of each individual relative to the others. The aim is to distribute the amount of the envelope according to the relative performance of each person. For example, a trader who has achieved 20% will receive twice as much as a trader who has achieved 10%. The calculation method used is described in the appendix.
Extraordinary bonuses
To encourage newcomers, Diabolo is introducing an additional bonus system applicable to the first year and calculated as follows
A performance of more than 4% in the first month gives a bonus of $200
A performance of more than 10% over the first 3 months gives a bonus of $500
A performance of more than 20% over the first 6 months gives a bonus of $1,000
Performance over 50% in the first 12 months results in a bonus of $3,000
A performance of more than 100% over the first 24 months results in a bonus of $7,000
What makes Diabolo special is that we have adopted a very strict risk management policy and are totally transparent about our results.
Our trading team has been built around one objective: to deliver high returns with controlled risks. This strategy has ensured our strong growth and we are looking for new traders.
If you think you have what it takes and can demonstrate a successful track record in crypto trading, Diabolo is certainly your next partner.
Within a dynamic and friendly community, you will find all the tools and help you need to improve your results. Our transparent bonus system will allow you to pocket comfortable monthly and quarterly bonuses directly linked to your results. It's a unique win-win opportunity. Join our Discord platform at this address https://discord.gg/PhuaE4fBpC and discuss with our risk manager @gabx.
He will guide you on how to join our team. We look forward to your visit and to becoming your new companion on this new adventure in the world of cryptos.
ANNEX
Calculation of quarterly bonuses
At the end of each quarter a performance is calculated for each trader. This performance will be referred to as PN for trader N in the following. These bonuses are only paid to traders who have made profits. A global bonus envelope to be distributed is fixed each quarter. This envelope is USD 1,000 for the first quarter of 2021. It will evolve according to the turnover achieved during the quarter. Thus, the amount of the envelope for the second quarter of 2021 will be USD 1,000 x change in turnover for the second quarter of 2021.
Calculation method
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We start by calculating the amount distributed to the lowest performer in the group. This amount, denoted M0, is calculated as follows:
M0 = 100 x [P0 /(P0 + P1 + P2 + ...+Pn)]
P1 to Pn represent the other performances.
Once the minimum amount M0 is calculated, we will have the others by taking the performance ratio between Pn and P0 applied to the minimum amount. Thus each trader n will receive:
(Pn/P0) x M0
Example
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4 performances: 4%, 12%, 18%, 24%
Envelop of USD 800
M0 = 100 x [4/(4+12+18+24)]
M0 = 6.89
Trader with 4% performance receives 800 x 6.89% = 55
Trader with 12% performance receives (12/4) x M0 = 165
Trader with 18% performance receives (18/4) x M0 = 247.5
Trader with 24% performance receives (24/4) x M0 = 330
We have a total of 797.5 USD distributed to each according to their relative performance within the group.
With this grid, Diabolo hopes to reward the performance and loyalty of traders.
