What is it I have misunderstood?
This backtest starts with an equity of 999,9 USDT and 29,8 SUI. After 11 days the equity is 334,2 SUI and still 999,9 USDT. The backtest says the Net Result is 30,58% but the growth in SUI is 1121,4% and the value of one of these coins has increased from 0,7703 USDT to 1,0672 USDT (38,5%). The total value of all owned SUI has increased from 29,8 X 0,7703=22,95 USDT to 334,2 x 1,0672=356,66 USDT, a gain of 1554%, which sounds too good to be true.
You are using % of USDT and profit in SUI, so the math seems correct. Wether you will have the same result if you started that bot now, probably not. You are checking a date range where SUI increased a lot, and you don’t know that in the next few days will have that growth.
running time is too short - to make it more reliable you need at least 90 days and the opposite trend - if you notice the buy and hold curve is following the realised profit
Yes, that was on purpose because that is what I believe we have in front of us from now until spring. If the trend momentarily goes down the bot just stops trading since it is set to never close a losing deal.
If my math was reasonably correct then everyone thinking of “buy-and-hold” from now until March should use this bot instead. Just choose the right ALT-coin and sell at the right time (not before mid-February).
No, I don’t see fellow Gainium members as competition. Millions of ignorant crypto investors out there will lose money we can gain. If all experienced Gainium traders check this bot and give it a GO we can all be rich.
The only risk I can see with this bot is if there are no coins to buy on the market because then it will sell without being able to buy back. I’d like to use this bot during the build-up of this bear market to increase my amount of coins without having to invest more and then close the bot and stick with buy-and-hold when the market gets too hot.
The bot doesn’t close a losing deal so it will not spend your money regardless of volatility.
Of course you can add a Stop Loss but I prefer to do extensive research and continuous monitoring (through Weiss trading) of the coins I trade. This bot is only meant to run from today until mid-February and if there would be a dip I’ll wait it out.
Very respectful in what I say - no one knows what is going to happen in the next candle nobody including Weiss, Mickey Mouse and Warren Buffett.
Predictions are just predictions and they don’t know anything about what’s going on in the market or in the real world.
The bull race that starts today is said to be much greater than the one used in the backtest, and greater than anything that happened earlier.
buy today and sell mid-February.
I have tweaked the take profit value (I was earlier fooled by the misleading bot results) and have reached even higher numbers (5567%) when looking at the number of Base at start and at finish.
It’s up to you brother I don’t believe in magicians or gurus they are good only for taking people’s money while selling prophecies - when I say nobody I mean no one, not even Weiss - does it know if a war or a global pandemic will happen before February? NOPE
Do your own research and stay safe
I do think that hitting the 100k target is possible within the next 3 months. But no one can predict world events, specially bans. Is not inconceivable that the US will ban bitcoin (though I don’t think there is a high chance). Here is an interesting read https://cointelegraph.com/news/us-fed-bitcoin-ban-deficit-spending