Last day of the month so now the end of 2020 update on the performance of our trading algorithms on the BOTS platform. The crypto market declined by 70% in March during the Corona crisis but from April onwards we have seen a strong Bull run leading to the highest value ever for Bitcoin at the end of 2020.
December was an exceptional month again for our bots with an average increase of 16%. Now 4 of our bots achieved more than 100% return since their start.
We are due to launch 7 to 8 new trading algorithms in January 2021.
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.