BOTS Performance | October 19th, 2021
Ready to see which bots have been doing their job the best last week? Good. Because we’ve lined them up for you in this weekly performance update!
In the BOTS app, you find many trading bots, each performing differently depending on their strategies. To give you insight into the performances of these trading bots, we have made an overview for you in which we compare their performances to each other. Are your bots part of this week’s list?
The reason why we benchmark our trading bots is to show you that, in most instances, bots trade better than humans. While you see Bitcoin go up, a trading bot might be able to generate a higher profit due to its strategy. Also, when markets go down, trading bots may still generate a profit or minimize the losses by making intelligent decisions based on pure data. Emotion plays a significant role in a trader’s actions; luckily, bots don’t have those emotions.
Please note that the data in this overview is a snapshot. This means that the results you see in the app may vary since they are based on real-time data.
After almost two weeks of continuous gains for Bitcoin (BTC), the cryptocurrency got another boost last week. Early news regarding the approval of the first American Bitcoin-linked exchange-traded fund (ETF) caused BTC to rally more than 10% in one day. As a result, the mother of all cryptocurrencies is now trading only a couple percent from its all-time high.
And with Bitcoin making another move up, buying low and selling high did the trick. The best performing trading bot in the BOTS app last week was Altrady BV’s Conservative CBS bot, which returned a staggering 27,4%! Conservative CBS trades with Bitcoin, and its algorithm analyses past price action and looks for supports and resistances.
In the second place, we find Hold the line’s DOT.2the.moon bot with a return of 17,5%. Holding Polkadot (DOT), the bot profited from the impressive rally DOT made after positive news surrounding the launch of its Parachains, a significant milestone for the project. Find the rest of the top 10 top-performing BOTS trading bots below!
BOTS is a tech company that has developed an app that makes it possible for anyone to start investing. You only need €50 to get started. BOTS uses automated trading strategies based on algorithms. We call these algorithms bots. These bots are tiny superheroes: they make automated investing accessible to everyone. With their help, you can invest in cryptocurrency within minutes — without any knowledge! And we’ll do you one better… In 2021, you’ll also be able to invest in stocks and other currencies through the BOTS app.
The app is free to download and quick and easy to install. BOTS currently operates in more than 15 countries, and by the end of the year, BOTS wants to be active in at least 60 countries and four continents.
Need any help with anything?
Even though automated investing is incredibly easy, you might need some time to find your way around the app and discover all the options. So if you still have questions wandering around your mind, or you just can’t seem to figure it out, please do not hesitate to contact the BOTS support department.
Don’t feel like calling our support team? Just head to the BOTS YouTube channel and browse through the dozens of instructional videos that may help you further. You are also royally invited to the BOTS Discord channel.
Ready to get started?
There is no such thing as risk-free trading. It is possible to lose (part of) your stake.