The purpose is to give better insight in the overall bots performance and compare the performance between other bots and the comparison with crypto-coins rates.
In this way you will better be able to select the bots most suited for your goals, risk and performance.
One week later due to holiday. Overall (as we all might know) April was a very tough month for crypto. Bitcoin dropped about 17.3% and some other altcoins (like Cardano: -33.8%) performed even worse… This also reflects some of our bot results. Overall our bots suffered a loss of 15.5%. Off course, the biggest losses are shown in the bots with BTC basecoin.
Most of our bots only tried one or maybe two trades, therefore they were able to reduce the losses compared to BTC and other cryptocurrencies. But I’d like to focus on the three bots that really underperformed:
Spicy.Mama.Loves.Btc.b0t uses some sort of DCA technique to buy ADA. Because ADA is in a longterm downtrend, it closely follows ADA for those who invested in this bot a couple of months ago.
LNV.ToTheMoonRaker had two very bad trades in DOGE, in which the bot expected that the pump of this coin would last longer than just one day.
LNV.LicenceToThrill suffered a loss because of two bad trades in ADA and then got out of this traded sold ADA for BTC
The major coins had a bad month. Both BTC and ETH went down around 17%.
Most bots did something similar and the opportunistic bots went down even more. That’s because these bots are prepared to take some risk not to miss the rise of the market. But there was no rise.
As soon as the market will really go up, these bots will make great profits, as you can see in the
backend testing results of the teasers. However, nobody knows when the market will go up again.
On the other hand you have the careful bots. They were able to make profits or keep the losses to a
minimum. In bad times, these bots are your best choice.