Overall a good month, after very bad months in H1 2022. Has the market now reached the bottom? Most of our trading algorithms dared to get into the market again.
In July 2022 they managed on average to get a profit of 4,66% in their basecoin and 6,52% in Euro. Top scorers were Go2Moon (67% profit), Small Coins 2 (28% profit), Bob6 (26% profit) and HODL top 3 (24% profit).
Now, of our 61 trading bots in total, already 14 of them are in profit compared to January 1, 2022. So if we have 1 or 2 good months again, I hope the majority of our trading algorithms have already recovered from the bad period of H1 2022.
Update over the month of June from the Boosting Alpha team (brands Boosting Alpha, The Noogieman, Dagobert Buck, Team Dakar, Illuminati).
The month of June was again a bear month in the crypto market. While some trading bots managed to achieve a positive performance in June (in basecoin terms), the average decline was -4,27%. Since the month of June closed off the first half year of 2022, I also ranked the trading bots on their overall performance over the first 6 months of 2022.
And the BIG surprise- we had 6 trading bots which managed to achieve a positive performance over H1 2022 while we all know that the crypto market was very bearish in H1 2022.
Overall the average decline over H1 2022 across all of our trading bots was -17,79%, primarily caused by the rebalancing/HODL and some of the high-risk trading bots. Overall, across their lifetime, the average return across all of our trading bots is still +50,22% since the start of the individual trading bots.
In the top 10 list of the most popular trading bots on the BOTS platform, 9 trading bots out of the top 10 are owned by the Boosting Alpha team.
Thanks to all users for their continued confidence in our trading algorithms.
Here are the results over April and May 2022 combined. Unfortunately last month was too busy to generate the April results so hence here is April and May combined.
Both months together obviously were very Bear market months where Bitcoin dived with 35% and most other coins dived with 40-70%. The average decline in our trading bots over both months combined was 13,64% in crypto terms and 16,36% in EUR terms. There is a difference because some bots have BTC as the basecoin so for them it is obvious that they decline more than bots with USDT as basecoin.
We are currently revamping / finetuning both Relativity Theory bots specifically for the BOTS platform. Both trading bots were originally built for our own trading platform, there they will remain as they are since they are already optimized for that platform. However, for the BOTS platform they need further optimizing. Let’s hope the market finds the bottom now and that the future trend is up again.
I know BOTS is working also on introducing the possibility for Shorts. When that capability becomes available, we can put the Short transactions live as well. At the moment our trading bots make a very low number of trades given the current market.
March 2022 was an excellent month again, after a couple of months with declining prices. The average increase for our bots was 14% in crypto and 16% in EUR. This means that our bots are almost back on the level of November 2021 again (the highest top of the market).
The performance issue was led by our HODL series which managed to pinpoint the correct assets that got the biggest increase. HODL top 40 managed to increase even with 110% in March 2022.
Of all of our 55 bots, only 4 managed to decline of which 2 BTC-based bots (that declined in BTC but increased in EUR). Our 2 new bots (Relativity Theory) declined but they only were introduced late in the month of March 2022.
From a long-term perspective, the crypto market looks to have found its bottom and the next few months might see more positive developments again.
Here is the monthly overview of all Boosting Alpha trading bots from Jan 31 to March 8. As we all know February has been a period of huge volatility.
The invasion into Ukraine by Russia has shocked the world and this has created shockwaves on the financial markets. In the crypto environment, this had created a gap between the “less risky” crypto assets like BTC and ETH and the more risky crypto assets (most others).
A negative result therefore could be seen in the HODL the Bottle bot series where most bots were active in the market with a HOLD strategy (they are periodic rebalancers) and mostly present in coins other than BTC and ETH. It looks like the month of March 2022 will also be primarily driven by developments in the war in Ukraine.