One of the most important aspects of a bot is to outperform the market. Meaning to step out when the coin course, i.e. price, gets lower. So as to be able to gain, in this example Bitcoin (BTC), get more Bitcoins.
I stepped in (=started) on 12 October. Normally it can take hours or day’s before your money is used in a (new) position. First the fee of 0.2% gets subtracted from the amount of money you put into the bot.
Then the bot starts trading.
This is in case of a Trading Class 1, 2 or 3 bot, such as this one. For Hodl, Class A, B bots this can be very different scenarios.
From the bot description: At the top by Bloqtec (BL)
“Trend Trading: This bot is constantly focused on the market, looking for a new trend. When it found a trend, it gets in and gets out as soon as the trend stops.”
“The bot uses candlesticks to determine an entry level. In winning positions profit is taken at multiple times to secure the earnings. A stop loss is used in this bot at the entry. The bot searches in real time for the right entry moment based on hourly candles.”
In this one month period on the graphs, I stepped in with a rate of $56,000 on 12 October and stepped, fictitious, out with $67,000, on 11 November 2021. A gain of $ 11,000 being almost 20% BTC market increase.
The €uro-gain of the bot was 40% in this month period. Meaning that the bot almost doubled the profit1The bot-graphs are all in €uro whereas the TradingView Bitcoin-graphs are in $, USD. The relative gain is taken into account. . This is an interesting observation and is positive towards future yield by this bot. We will be watching this one.
Remember, this is not a financial advise. Performance results in the past are not representative nor a guarantee for future positive results.
For context see: the Tables-Quadrant +
- 1The bot-graphs are all in €uro whereas the TradingView Bitcoin-graphs are in $, USD. The relative gain is taken into account.