Profile: Dembots (DE), Bots Creator

business-idea-success

The goal of Dembots is to offer people an alternative to spread risk. Not offering trade bots, but a bot that has a buy and hold strategy that automatically re-balances your portfolio for you.
I have a one person business, with years of forex- and crypto-trading experience. With both, manual and automated algorithms. I have a degree in Artificial Intelligence (AI).

The current Dembots series is based on the idea of the S&P 500 and similar funds (roughly speaking). The bots buy the top coins (sorted on volume), keep them for a period of 2 weeks (currently). After that period it sells all the coins and re-buys them again, evenly divided. So if you for example start with 50 Euro in Bitcoin and 50 Euro in Ethereum, and this would grow to €55 in Bitcoin and €65 in Ethereum. The bot would sell both coins and then purchase them again for €60 each. This ensures you took a part of the profit you got from your Ethereum spike, and you never invest in one coin specifically. You invest in the general market, if the market raises, your investment raises. This could also be beneficial if a coin has dropped in price. The bot will increase the funds after re-balancing, and if the coin raises back to its old price you profit from that.

The technique utilized is based on machine learning, artificial Intelligence (AI), continuously optimized to, generate optimal risk on Return On Investment (ROI).  Most bots have a meaningful names like ‘Top10 Balance.bot’, “Top10 Balance2.bot”. “Top20 Balance.bot” and “Top30 Balance.bot”.
Currently all Dembots bots run on the RevenYOU-BOTS-platform.

Demian: “Previously I have developed algorithms.
Currently I am in the process of setting up a company where you can submit your trading strategy/algorithm and we will publish it for you. You do not need to have any experience. All you do is share your strategy and your bank account. Then we pay you a monthly fee for your part of the profit, that comes from the algorithm that you developed and supplied. We do the coding, serving, publishing, backtesting and strategy-optimization (including machine learning models).

⊗ Update 18 december 2020:
The latter service is now available on Dema trading.
DemaTrading

DemBots will no longer develop bots under this name but continue the work with a larger team in the company DemaTrading.ai.

 

 

 

Battle of the Bots pt. 3

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 third battle a long time favorite of many bots-users will compete against two BTC based bots. What difference does the base coin make?

  • JoeDaredevil by Boosting Alpha: This bot invests in 18 high volatility coins, lesser known coins with lower market volumes. Therefore it targets a relatively high profit potential. Estimated annual return is 129%. Risk level according to the bots app is 9/12. Basecoin USDT.
  • CBS (CryptoBaseScanner) by Altrady: The oldest bot on the platform. A unique algorithm that works by automatically analyzing the market history for each available market, checking current prices against previous support levels so that the bot buys low and sells high . Testing results predict a 36% return on investment (ROI). A risky bot according to the bots app, 10/12. Basecoin BTC.
  • DeFi Strategy by Dagobert Buck: The bot focuses on the Top 10 coins in the world of Decentralized Finance (DeFi), a strong emerging submarket within crypto with a lot of growth potential. It targets a ROI of 70% per year. The bots app rates it as a high risk bot with risk level 11/12. Basecoin BTC.

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

Battle of the Bots 3 – results in basecoin

In the chart the blue line represents JoeDaredevil, the orange line DeFi Strategy and the grey line CBS. JoeDaredevil has done a good job gaining more than 10% last month. Because of last months big increase in value of Bitcoin, the BTC based coins are having a hard time trading profitably. It is hard to step into a BTC-pair position with a coin increasing more in value than BTC. The BTC based bots benefit from the growth of BTC in another way, namely through their appreciation in euro.

If we compare euro results instead of basecoin results we see a different chart.

Battle of the Bots 3 – results in euro

Now we see that the BTC based bots CBS (grey line) and DeFi Strategy (orange line) outperform JoeDaredevil (blue line). The rise in value of BTC against the euro, the 15% correction of BTC and the recovery from that correction are clearly visible in the grey and orange price trendlines. JoeDaredevil posted a lesser result in euro than in basecoin because of the rise of the value of euro against USD(T).

Final score after the first month in basecoin:

      1. JoeDaredevil by Boosting Alpha  : +10,85%
      2. CBS by Altrady: +0,06%
      3. DeFi Strategy by Dagobert Buck: -6,05%

Final score after the first month in euro:

      1. CBS by Altrady: +36,07%
      2. DeFi Strategy by Dagobert Buck: +27,75%
      3. JoeDaredevil by Boosting Alpha  : +7,12%

The euro results of BTC based bots depend heavily on the performance of Bitcoin. Buying these bots is a good strategy if you believe in the future of the biggest crypto coin. Because of this dependency, the risk of these bots is higher than of bots based on a stable coin like Tether (USDT). Determine your risk appetite before choosing the bot that suits you best.

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

Boosting Alpha trading-Bots performance per November 2020

Boosting Alpha trading-Bots performance per November 2020

Again the end of the month so an overview of our trading algorithms on BOTS. November was an excellent month in the crypto markets, so our Boosting Alpha and The Noogieman bots managed to achieve an average return of 14% in November.

The average return per 30 days is again on 5% now. Based on the launch dates of each of the bots and the live trading performance since the launch date, the currently projected Compounded Annual Growth Rate (CAGR) is about 80% for the trading algorithms.
Only two bots are still in negative territory since launch date.

We calculated for all Boosting Alpha bots and The Noogieman bots whether we are on track to achieve the average returns as coming from the backtests. It looks like we might overachieve the returns that are listed in the bot descriptions. Based on the live trading on all bots and extrapolating those returns to a full year, the average forecasted CAGR on Boosting Alpha bots is 98% and on The Noogieman bots 78%. All in crypto terms.

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:

  1. Beetlejuice by The Noogieman : +14,24%
  2. Dr. Block by Rage before the Machine: +5,23%
  3. 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.

Battle of the Bots pt. 1

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 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!

Battle of the Bots series pt. 1

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:

  1. Top 10 balance 2 by Dembots: +45,23%
  2. Sweet Orange Mia by Agga Technologies: +8,26%
  3. 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.

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