Blog – Page 22 – Bots Institute

November 29, 2020

Battle of the Bots pt. 2

In the Battle of the Bots series I will compare the performances of various bots. The monthly results of three series of battles between three bots of different botcreators will be posted for the next year. The goal is to evaluate the bots performance over a longer period of time, both in winning as well as in decreasing crypto currency markets.

In the second battle the following B-bots will compete (all three starting with the letter B).

Beetlejuice by The Noogieman: This bot scans 6 different coins being ETH, TRX, ADA, VET, TFUEL and THETA. It uses many different concepts to try to determine the best entry and exit points for trades and uses both stoploss and takeprofit levels. Estimated annual return is 48%. Risk level according to the bots app is 8/12.
Dr. Block by Rave before the Machine: This bot only invests in Bitcoin and is a risk spreader using small steps when getting into its asset. Analysis is key, to ensure profits are secured and possible losses are reduces. Testing results over the first half of 2020 show a 46,2% return on investment (ROI). A lower risk bot according to the bots app, 6/12.
Botzilla by Hot Bots Team: The behavior of this bot is as assertive and aggressive as the name might suggest according to the botcreator. The bot solely trades in the most liquid and biggest cryptocurrencies. It targets a ROI of 20% per year. The bots app rates it as a mild risk bot with risk level 7/12.

Let’s have a look at the results after the first month of comparing these bots.

Battle of the B-Bots, Beetlejuice, Block and Botzilla

In the chart the blue line represents Beetlejuice, the orange line Dr. Block and the grey line Botzilla. All three bots managed to achieve positive result over the last month. Beetlejuice clearly has the largest risk appetite of the three, gaining most during the altcoin boom starting on Nov. 21 (day 22 in the chart), but falling hardest on ‘correction day’.

Botzilla and Dr. Block have a milder risk appetite, and showed a steady growth over the last month. Botzilla handled the correction of Nov. 26 well, losing only a small part of profits and remained on the sidelines ever since. Dr. Block lost almost its complete profit of the month on Nov. 26, but is the only of the three bots to finish the month at its highest point.

Final score after the first month:

Beetlejuice by The Noogieman : +14,24%
Dr. Block by Rage before the Machine: +5,23%
Botzilla by Hot Bots Team: +4,04%

I will continue to follow the performance of these three bots and report back at the end of december with a new interim score.

Tomorrow the third and last battle in the Battle of the Bots series with three new bots. Let me know if you like the battles, or if you have any tips or requests.

November 28, 2020November 28, 2020

Battle of the Bots pt. 1

In the first battle the following bots will compete.

Power of Pi by Boosting Alpha: This bot scans 7 different coin markets using the mysterious constant value Pi in it’s algorithm. The bot has a calculated cumulative return in 24 months of 94% with a high volatility risk according to the botcreator. Risk level according to the bots app is 8/12.
Top 10 Balance 2 by Dembots: A long term steady bot which checks top performing coins with the highest volume every last 30 days. A concept similar to some well proven ETF strategies. The bot won’t win on big spikes, but if the market wins, you win. A high risk bot according to the bots app, 11/12.
Sweet Orange Mia by Agga Technologies: A balanced long term risk strategy that only trades Bitcoin. It trades on a small and medium timeframe to ensure it’s ability to react smoothly to moving market trends. Yearly testing results predicted a 2020 performance of 89,47%. A mild risk bot according to the bots app with risk level 7/12.

Let’s get ready to rumble and compare the results of the first month!

In the chart the blue line represents Power of Pi, the orange line Top 10 Balance 2 and the grey line Sweet Orange Mia. The chart shows a steady growth of all three bots until Nov. 21 (day 22 in the chart), mainly because of positions in Bitcoin. On that day altcoin prices, that lagged behind Bitcoin’s growth, exploded and Top 10 balance 2 took advantage with it’s position in the 9 highest volume altcoins besides bitcoin.

All three bots suffered heavy losses on ‘correction day’ Nov. 26. None of them aborted positions in time. Top 10 balance 2 because it isn’t built to decrease positions, the other bots because their algorithms didn’t tell them to. The results in one month are incredible nonetheless if you compare them to an ordinary savings account.

Final score after the first month:

Top 10 balance 2 by Dembots: +45,23%
Sweet Orange Mia by Agga Technologies: +8,26%
Power of Pi by Boosting Alpha: +6,16%

Will Power of Pi regain it’s leading position which it held for most of the month? Will Sweet Orange Mia continue it’s steady growth path and beat Bitcoin in the longer run? And will Top 10 balance 2 be able to hold it’s lead when the market stagnates? More in next months update.

Tomorrow the second battle in the Battle of the Bots series with three new bots. Let me know if you like the battles, or if you have any tips or requests.

November 26, 2020November 29, 2020

Performance of single coin Ethereum and Bitcoin trading-bots

Several botcreators have build trading-bots that trade with a single coin. I have been following the bots that focus on trading ETH (Ethereum coin) and BTC (Bitcoin).

On the bots platform two trading bots trade with Ethereum.

Botcreator Rave before the Machine introduces Dr. Spock. According to the botcreator the bot is looking to outperform the market by avoiding large losses. Analysis is key for Dr. Spock to step out of a trade perfectly in time, just before the tip of crash.

Botcreator Team Agga Technologies created Refreshing Grey Mia, a balanced long-term risk strategy. According to the botcreator the bot is a trend following strategy focused merely on the larger upsides of the crypto market. Based on machine learning this bot’s strategy has been highly optimized to generate a superior risk-return rate.

Sound promosing. Let’s evaluate the bot performances over the last 9 weeks up to today, Nov. 26th 2020.

9 Week performance of single coin Ethereum bots

The grey line in the chart represents the performance of the Ethereum coin over the last 9 weeks. The orange line shows the performance of Dr. Spock, the Ethereum bot of botcreator Rave before the Machine. The blue line follows the performance of Refreshing Grey Mia made by botcreator Team Agga Technologies.

The graph shows that Ethereum has climbed to a profit of more than 70%, before falling back to a 39,5% gain over the 9-week period, after today’s correction. A result that both trading-bots haven’t been able to even approximately reach. Dr. Spock has been able to score a maximum gain of 1,67% and stands at -11,15% today. Refreshing Grey Mia has had a negative result during the complete 9-week period and stands at -9,76% today.

Disappointing results after reading the promising bot descriptions. Let’s see if the Bitcoin bots have been able to build a better track record.

On the bots platform four trading bots trade with Bitcoin.

Botcreator Boosting Alpha has developed Himalaya to generate a stable and moderate performance without the high risk normally associated with crypto investments.

Botcreator Rave before the Machine has two Bitcoin bots, Dr. Block and Dr. Block 2. Dr. Block is looking for a bit more security, a risk spreader which uses small steps when getting into assets. Dr. Block 2 is it’s sibling, has the same characteristics but different variables. It looks over a longer piece of the timeline than it’s brother does.

Finally Team Agga Technologies have created Sweet Orange Mia as a balanced long-term strategy, again a trend following strategy focused merely on the larger upsides of the crypto market. Based on machine learning this bot’s strategy has been highly optimized to generate a superior risk-return rate.

Let’s see how the Bitcoin bots have been performing over the last 8 weeks.

8 Week performance of the single coin Bitcoin trading bots

The lightblue line represents the development of the Bitcoin price over the last 8 weeks. Bitcoin has reached an incredible 83% growth before falling to a 56,3% gain today, Nov. 26th 2020. The best performing Bitcoin trading-bot in the past 8 weeks is Dr. Block 2 represented by the yellow line in the graph, with a gain of 20,6%. Sweet Orange Mia (darkblue line) has gained as much as 29% before losing 12% in a single day today, closing on a 15,5% profit. Dr. Block (grey line) has shown steady growth to finish the 8-week period with a gain of 14%. Himalaya (orange line) reached a nearly 30% profit, but hasn’t been able to hold on to it’s gains falling more than 16% today to a profit of 11,6%.

The results presented above are measured over a relatively short period of 8 and 9 weeks, and it is probably to early to attach conclusions to them. The development of the profits could tell something about the aggressiveness of the various bots, and can help in deciding to choose the best bot according to your risk appetite.

I will continue to follow the performance of the bots over the coming period.

November 24, 2020July 5, 2021

Agga Technologies trading-Bots performance per November 2020

This is the first Agga Technologisch trading-Bots performance table we publish. On 11 November 2020, the RevenYOU Bots team wrote:

"Dear Community,
Research has shown that the signals from Agga Technologies bots did not arrive properly on the BOTS-platform. This caused these bots (names Mia's) to not function properly. Together with the Agga team we have fixed this. There has been a partial miscommunication between the RevenYOU development Bots team and the Agga team, which caused the errors.
We are continuously changing and optimizing our platform and Agga Technologies do the same for their trading-algorithms. Because of this continuous change and the miscommunication, this problem could occur. RevenYOU apologize for this. The new API will provide optimal and better communication.
The RevenYOU Bots team hope that everyone will give them the confidence, and let the bots perform."

In short this means that the Mia bots did not all perform as expected prior to 11 November. The table above should be read while taking this in to account. From this date onward the Return On Investment should be secured, as expected.

November 23, 2020December 2, 2020

3 Months of Bots performance compared to a Top 20 coins HODL

After a booming summer with enormous gains for crypto currencies in the months of July and August 2020, I started tracking the performance of my collection of 27 bots and comparing it to a selection of 20 crypto currency coins. Main reason was to decide if there was any sense in buying bots.

Some coins had profits of 60 to 70 percent in the two month summer period while my bots portfolio only made a fraction of that. Why not simply buy the coins and hold them in a crypto wallet?

The results of the last three months (end of August to end of November) are presented in this chart.

Bots vs Top20Coins HODL — Yield of a selection of 27 bots (blue line) vs Hodl of top 20 coins (orange line)

The result of my bots portfolio is shown by the darkblue line in the chart (the yellow line is a 15 day moving average). The result of the Top 20 Coins Hodl is shown by the orange line (with a lightblue line as 15 day moving average).

The chart shows that the months of September and October were less successful crypto currency months with an average loss up to almost 25% for the Top 20 Coins. The collection of bots, able to abort positions, limited its loss to 5%. November is as booming as the July-August period. The Top 20 Coins turned their average loss into a 12,65% average profit today (Nov. 23rd), and closed in on the bots result of 14,76%.

A preliminary conclusion can be made. Bots shield your portfolio and protect it from falling crypto currency quotes. The bots algorithms can close positions when signals point to decline. But bots are not able to perform as well as coins in rising markets.

Will bots be able to outperform a coins hodl over a longer period (up to a year)? That remains to be seen. The bots will have to preserve their gains by closing positions in case of a correction on the crypto currency market and reopen positions when the market turns up. Instead of the high peeks and deep valleys shown by the crypto currencies, the bots will have to develop a cascading pattern with smaller steps up, but without deep lows (like stairs or better an escalator).

I will continue sharing my comparison for the months to come.