Is it measured in BTC, USD, both? What was the cause of the small step in July, is it something unique to the bot, or is it unrelated to the bot?
The bitcoin price is BTC/USD chart
The Green line is the portfolio value growth by the robot (BTC+USD combined)
Here is the update we sentA lot of members were asking what if the price of bitcoin goes down? Will it stop working?
There was a drop in the bitcoin prices aroung 5 September,Lets have a close look at it.
There is nothing strange in bitcoin correction when the price of bitcoins went down 5 September. It's normal, and to be expected. The price can't be always growing and small drawdowns are normal part of the trading environment. From our test the drawdowns never exceeded 10-15% and the robot handles price downfalls pretty well.
The robot was battle tested first in April, when the price of bitcoin went from $60 to $260 and back to 60 in a matter of days!
Take a look at bitcoin price chart this year and compare the robot performance (Green line)
Then it was consistent fall in price from June to July when the price was going down for a long time, but the robot was still working very stable and profitable even on the decrease period
that's the beaty of this algorithm, that does not really require BTC price increase.
As you can see on the big picture, the September drop is nothing to worry about for the robot.
Even on crazy April swings it was profitable and drawdown never exceeded 10-15%. Compare that to "buy and hold" strategies, you would get drawdowns like 100% in a matter of days.
Remember, the trading results should be considered long term. Let it work and check results once in a few months, it will show stable deposit growth, guaranteed
Rest assured the robot is battle tested in extremely difficult conditions, and though small drawdowns are always a normal part of the trading environment, it is always proven to be profitable long term and much more safe than a "buy and hold"
strategy!
Still we keep working and improving every day.. we are not sitting still here in our labs and will work further to even increase its profitability..