ALGONAUTBOT
AlgonautBot – is a trading service in the cryptocurrency market using an automatic algorithm. Anyone can connect to the bot from their account on the exchange and start earning up to 140% annually.
Key features:
Trend bot. The algorithm of AlgonautBot is following the powerful trending movements of major cryptocurrencies using futures contracts on BTCUSD and ETHUSD and other pairs. The bot is profitable on both rising and falling trends. So you can make money even when cryptocurrency prices fall.
Cloud-based 24/7. Entry and exit from positions are carried out automatically according to stop orders. AlgonautBot autonomously opens and closes trades. The algorithm works in the cloud 24/7.
It’s safe – no transfer funds. For trading, there is no need to transfer funds. It is enough to give access to trading operations. All funds remain with users on exchanges, and the access can be stopped at any moment.
Supported exchanges: Binance and Deribit.
Results: 2017 +134% (backtest), 2018 +147%, (backtest) 2019 +144%, 2020 +133%, 2021(jan-may) +51%
Statistics: about 30 trades per month, 70% profit trades
Backtest and real trading performance:
https://imgur.com/WlNHb1T
Bot algorithm:
- Opening positions
At first, the bot checks where the trend is directed and places orders only in the direction of the trend - TREND FILTER is used for this purpose. Positions are opened at the time of volatility surge or a breakout of the trading congestion. - Position tracking
Right after opening a position, AlgonautBot places 2 closing orders: by TAKE PROFIT and by TRAILING STOP. If the movement goes in the right direction, the position will close in profit at the TAKE PROFIT target price, if the trend has changed, the bot will quickly close the position at TRAILING STOP, which is constantly “pulling up” as the price moves in the right direction. - Closing positions
Positions are closed either when the target price - TAKE PROFIT is reached, or when the TRAILING STOP level is reached. TAKE PROFIT is determined in advance based on market volatility using an adaptive AI mechanism. - Risk management
An essential part of the risk management of the bot is position sizing. The higher the market VOLATILITY, the lower the position volume. When opening a position, the algorithm always considers that only a small % of the account can be put at risk. This allows you to avoid a serious loss and manage trading dynamically in the highly volatile cryptocurrency market.
Examples:
https://imgur.com/0q7imUX
Example 1:
You have $10,000, and you are trading BTCUSD. December 30, 2020, Algonaut enters the position - BUY futures on BTCUSD for $16,000 at 28,400 (0.56BTC) based on volatility of $235. TRAILING STOP is immediately set at 26 590 and is pulled up as Bitcoin grows. On January 4, 2021, the price reached the TRAILING STOP level of 31,300, and the bot exited the position. Profit: $1,624 or +16.24% to the account. If you count in BTC, the profit was 1,624 / 31,300 or 0.0519BTC.
Example 2:
You have 1 BTC, and you are trading BTCUSD. January 6, 2021, Algonaut enters the position - BUY futures on BTCUSD for $30,000 at 34,800 (0.862BTC) based on volatility of $365. TRAILING STOP is immediately set at 31 949 and is pulled up as Bitcoin grows. On January 8, 2021, the price reached the TAKE PROFIT level of 41,180, and the bot exited the position. Profit: 0.155BTC or +15.5% to the account. If we count in USD, the profit is $5,500.
Risks and drawdowns:
Trading with AlgonautBot involves risks like any other trading in the markets. In the process of trading and on the backtests, a Maximum Drawdown of 19% was obtained. This indicator reflects how low the score can decrease from the maximum value, but it can be higher in the future.
Historical drawdowns:
https://imgur.com/Gb0C9x1
AlgonautBot is for everyone in 2021
In 2021 we launched ALGONAUTBOT.COM, where we give everyone an opportunity to connect a bot for trading in their own account at Binance or Deribit. The capacity of this bot is very big — you can trade with even 100 bitcoins without affecting the results for us. So, we decided to give access to this bot to everyone who wants to earn on crypto using algorithmic trading as we do. At the moment we are testing our service and will be glad to receive feedback!
Visit our website to learn more info and try a bot for free: ALGONAUTBOT.COM
Algonaut development history: MEDIUM