Now that Revenyou has come up with their own Bots League (you are welcome for the idea) it is time to publish the final results in my Battle of the Bots league.
In the Battle of the Bots series I have compared the performances of various crypto trading bots (see previous blogs for an explanation and a description of the competing bots. Link at the end of this post). The monthly results of three series of battles between three trading bots of different botcreators could help in deciding which bots or botcreators to choose.
Here are the final results.
Battle of the Bots 1
Top10 Balance 2 bot +163,02%
Sweet Orange Mia bot +63,35%
Power of Pi bot +22,33%
Battle of the Bots 2 (in crypto value)
Joe Daredevil bot +6,36%
DeFi Strategy bot -8,30%
CBS by Altrady bot -26,50%
Because DeFi Strategy bot and CBS by Altrady bot have Bitcoin as their basecoin, and Bitcoin has increased in value over the past three months, these trading bots have increased more in euro value than their USDT based counterparts. USDT (US Dollar stablecoin) has decreased in value compared to the euro.
My last update on the single coin crypto trading bots, trading Bitcoin and Ethereum. Bitcoin has passed the 40.000 USD mark to a new all time high. Ethereum tried to tap the 1300 USD boundary. How are the bots that trade in these coins performing?
In percentage (27 Dec.):
Bitcoin (green line): +274,51% (+154,84%)
Himalaya by botcreator Boosting Alpha (blue line): +88,26% (+50,60%)
Sweet Orange Mia by botcreator Agga Technologies (orange line): +73,69% (+31,63%)
Dr Block 2 by botcreator Rave before the machine (yellow line): +38,77% (+31,62%)
Dr Block by botcreator Rave before the machine (grey line): +26,47% (+25,71%)
In percentages (27 Dec.):
Ethereum (blue line): +258,69% (+96,88%)
Refreshing Grey Mia by botcreator Agga Technologies (grey line): +122,40% (+22,70%)
Dr. Spock by botcreator Rave before the machine (orange line): -8,93% (-12,81%)
I have decided to sell Dr. Spock and reinvest the money in another bot. Therefore this will be the last performance comparison for the Ethereum trading bots.
For the Bitcoin bots I have started tracking the performance of Bitcoin and a number of Bitcoin related instruments , being:
Bitcoin Tracker EUR XBT Provider ETF
VanEck Vectors Bitcoin ETN
The Big Friendly bot (USDT based “bot” investing all its funds directly in Bitcoin)
Thunderbird bot (BTC based bot focusing on trading 8 BTC pairs)
DeFi Strategy bot (BTC based bot trading in the top 10 coins in the world of Decentralized Finance)
CBS bot (BTC based bot trading all available markets)
Himalaya bot (USDT based bot trading only in BTC)
Sweet Orange Mia bot (USDT based bot trading only in BTC)
The new comparison will try to answer the question which instrument is the most profitable, taking risk into account. Bitcoin trackers (1-3), BTC based bots (4-6) or USDT based bots trading BTC (7-8). The comparison will replace the current performance comparison. Keep posted for the first blog.
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.
The chart shows the results after two month of comparing these bots.
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.
The score after two months (score after one month).
Beetlejuice by The Noogieman : +36,15% (+14,24%)
Dr. Block by Rage before the Machine: +11,24% (+5,23%)
Botzilla by Hot Bots Team: +8,65% (+4,04%)
In the second month all three bots continue to show more or less the same growth rate as the first month. Beetlejuice, being the riskiest of the three bots according to the Bots app, shows the most volatility, which pays off in the current growing crypto currency market. Both Dr. Block an Botzilla are less volatile and less active, showing a flatline for part of the second month.
Tomorrow an update of the third and last battle of three bots.
Bitcoin has been on an exeptional bullrun rallying more than 45% in value in the past two weeks to more than $28.000. If we compare that run to the performance of the Bitcoin crypto trading bots we see the following results.
In percentage (2 weeks ago):
Bitcoin (green line): +154,84% (+72,33%)
Himalaya by botcreator Boosting Alpha (orange line): +50,60% (+28,82%)
Sweet Orange Mia by botcreator Agga Technologies (blue line): +31,63% (+14,12%)
Dr Block 2 by botcreator Rave before the machine (yellow line): +31,62% (+27,88%)
Dr Block by botcreator Rave before the machine (grey line): +25,71% (+19.03%)
Although all bots have been able to add value, the differences are remarkable. Just like in my last blog where I compared the performance of my portfolio of crypto trading bots to a holding portfolio of crypto currency coins, I want to use the Sharpe ratio to help understand the return of the investments compared to their risk. To briefly summarize the usefulness of the ratio:
The Sharpe ratio adjusts a portfolio’s past performance for the excess risk that was taken by the investor.
A high Sharpe ratio is good when compared to similar portfolios or funds with lower returns.
Comparing the Sharpe ratio’s of Bitcoin and the BTC trading Bots provides a fairer picture of the performance. The results are represented in the following chart.
A higher Sharpe metric is always better than a lower one because a higher ratio indicates that the portfolio is making better investment decisions and not being swayed by the risk associated with it. Sharpe ratio grading thresholds are commonly interpreted in the following way:
<1: Not Good
1 – 1.99: Ok
2 – 2.99: Really Good
With Sharpe ratio scores ranging from 2,96 to 4,46 the Bitcoin trading bots have shown very good to exceptional results. Bitcoin however, with a Sharpe ratio of 10, is in a league of its own.
Finally the chart for Ethereum and the ETH trading bots.
Ethereum is showing very strong growth in value over the past two weeks. The ETH trading bots show a varied picture. In percentages (2 weeks ago):
Ethereum (grey line): +96,88% (+58,45%)
Refreshing Grey Mia by botcreator Agga Technologies (blue line): +22,70% (-1,22%)
Dr. Spock by botcreator Rave before the machine (orange line): -12,81% (-12,05%)
Refreshing Grey Mia has performed very well and turned its loss into a good profit. Dr. Spock has fallen further and is waiting for an update by the botcreator.
As noted in previous blogs, the crypto trading bots are looking for an outperformance by holding on to accumulated profits in a declining market. So far they have had no chance to do so. I will continue to compare the results of the crypto trading bots to the performance of their coins to see if outperformance is possible in the longer run.
Two weeks ago I shared the performance of the single coin bots trading Bitcoin and Ethereum on the Bots platform, in a blog post (see link underneath). Today I will share an update with two weeks of additional data.
Two weeks ago we saw a sharp fall in prices of both Bitcoin as well as Ethereum. As shown in the previous blog some bots handled that correction better than others. In the last two weeks we have seen recovery of prices to previous highs and after that a market that moved sideways to slightly downward in the past days. How did the single coin bots handle this volatility? Let’s first have a look at the Ethereum bots chart.
The grey line represents the Ethereum price. The Ethereum bots are Dr. Spock by botcreator Rave before the Machine (orange line) and Refreshing Grey Mia by Agga Technologies (blue line). The results after eleven weeks are (results two weeks ago):
Ethereum: +58,45% (+39,5%)
Refreshing Grey Mia: -1,22% (-9,76%)
Dr. Spock: -12,05% (-11,15%)
Compared to two weeks ago Ethereum coin has shown an increasing outperfromance to the bots gaining almost 19%. Refreshing Grey Mia gained 8,5% in the same period, while Dr. Spock fell almost an additional 1%.
Next up the Bitcoin bots. Let’s have a look at the chart.
Bitcoin (lightblue line) is traded by four single coin bots. Himalaya (orange line) by Boosting Alpha, Dr. Block (grey line) and it’s sibling Dr. Block 2 (yellow line) by Rave before the Machine and Sweet Orange Mia (dark blue line) by Agga Technologies. The results over the last 9 weeks are (compared to results over 7 weeks):
Bitcoin: +72,33% (+56,3%)
Himalaya: +28,82% (+11,6%)
Dr. Block 2: +27,88% (+20,6%)
Dr. Block: +19,03% (14%)
Sweet Orange Mia: +14,12% (+15,5%)
The nice recovery of Bitcoin to previous all time high levels has been followed by Himalaya, improving from worst performing to best performing Bitcoin bot. Dr. Block 2 shows the same steady growth as before as does Dr. Block. The only bot that didn’t gain compared to two weeks ago is Sweet Orange Mia.
Next update in two weeks time. You can subscribe using the Orange sign up box next to this blog to receive Blog-updates in your mailbox.