Hello! I am Alexander Glebov and we continue to analyze bots for algorithmic cryptocurrency trading on Binance.
August is a month that is always anxiously expected by representatives of business and the financial sector. Some traders temporarily stop trading, and if they open deals, then only on reliable insides, carefully checking them.
AKRA Futures robots have no emotions. When trading, they are guided by accurate mathematical calculation and statistical data, and statistics are relentless and impassive. This is what made it possible for our robots to earn a total PNL of 17.8345% on Binance in August.
What is the news about bots working in August?
In August, AVAXUSDT and AXSUSDT began to enter into transactions again. BELUSDT, GALUSDT and KSMUSDT were also added — they were successfully tested by trading on a real chart.
So, how did our cryptobots work on Binance in August? Let's see.
Robot AAVEUSDT
The bot went into negative territory for the second month. To protect the bot, I will say that the final loss for August was 9.309 USDT, and this result was better than in July.
The reason for the failures becomes quite clear when viewing the price of a cryptocurrency pair on the Binance chart. Candles formed not so many stable signals over the entire period, and the trend line changed dramatically several times.
The bot got off to a good start in the first half, but it could not adequately respond to the collapse of the exchange rate, since there were no similar situations in the market with this asset. We can find a plus in this situation — it will remember this experience and will take it into account in the future forecasts.
Robot ADAUSDT
In August, this robot had a loss of 24.4783 USDT. If we open the cryptocurrency chart on Binance for this period, we will see that the situation is similar to the problems with the previous bot — there was a sharp drop in the second half of the month, and most likely a correction was not coming soon. By the end of the month, the robot was able to optimize and provided a profit on the long position, because it made a correct forecast about the growth of the asset price.
ADAUSDT does not see many patterns yet and focuses on other technical analysis tools that are not always accurate.
Robot ALGOUSDT
Cryptobot earned 33.82488 USDT in August. This result was even better than last month. Although the asset chart on Binance was almost the same as that of previous cryptocurrency pairs.
At the beginning of the month, he had several unsuccessful deals, but in the next three weeks he did a good job and was even able to turn the fall in the crypt rate to his advantage. However, at the end of the month, he could not work quickly in flat conditions, which was replaced by small swing, and caught five rekts.
The results show that ALGOUSDT optimization is quite successful. Of course, there are still errors with the definition of patterns during periods of relative calm in the market, but in general, the result of the work is positive.
Robot ALICEUSDT
The cryptobot remembered all its successful and unsuccessful decisions in July and in August its profit was 33.73370001 USDT. Although this cryptocurrency pair was even more unpredictable than all the previous ones: the crypto chart on Binance showed four powerful ups and five downs. The ALICEUSDT algorithm worked perfectly, made only one serious mistake when at the end of the month it incorrectly determined the trend and opened a long position, but the asset price decreased, and in order to avoid an even greater loss, the bot closed the deal in the negative. But it accurately identified the trend on the fall of the crypt in the middle of the month, and in two days it earned most of the monthly profit with just three transactions.
The program works perfectly, it shows a high level of optimization and a quick response to market changes.
Robot ATAUSDT
The profit of this bot in August was quite small, only 0.14869998 USDT. A lot of entry points were found, but not all of them were successful. The bot is able to find patterns, but not all of its predictions are successful.
The chart of the ATAUSDT currency pair on Binance showed a sharp decline in the exchange rate in the middle of the month. The robot concluded one of the most unprofitable orders during the fall of the exchange rate, but then it adapted to the situation and achieved profits.
The robot has not gone into negative territory, and that's good. But at the end of the month, it made two mistakes, taking a small rise followed by a fall as a steady trend to increase the price. He will take this experience into account and, when repeated, will focus on other technical analysis tools.
Robot AVAXUSDT
The final profit of this cryptobot was 103.65 USDT. Although its trading over the monthly period cannot be called active, it concluded only 4 deals.
If we analyze the cryptocurrency chart on Binance, it becomes clear why the cryptobot was so inactive in August. Although the exchange rate was very shaky, as a result of which the asset lost almost half of its value by the end of the month, there were no sharp jumps during the day, so intraday trading took place in relatively calm flat moods.
This bot has taken into account all the previous mistakes, and although it does not identify so many patterns so far, it has learned to make strong predictions.
Robot AXSUSDT
The cryptobot had an excellent result in August. It made only two deals, but they were successful, and as a result, its monthly profit was 46.49 USDT. In August, the cryptocurrency pair had a general trend drop, which the trading robot used.
The cryptobot is well optimized. However, a small number of trades indicates that it has not found the optimal entry points, which means that it does not know all the patterns yet.
Robot BELUSDT
It is a new bot in the team, which successfully worked on a real account and showed good results. Its profit was 1.2632 USDT, which was not very much, but not bad compared to other bots that have worked in the negative.
The chart of the cryptocurrency pair's exchange rate on Binance showed a strong and abrupt decline in the second half of the month. In general, the bot was able to work without rekts, and was even able to successfully play on a short-term course correction, opening several long positions, although not the most profitable.
The bot did not show high profitability like some other robots, but it is clear that the initial optimization was enough to determine patterns.
Robot DOGEUSDT
This cryptobot could not cope with the jumps of the cryptocurrency and went into negative territory, its loss was 6.23781 USDT. It made several dozen deals, which means that he recognized the patterns being formed. But not all of them turned out to be true.
In the middle of the month there was a sharp jump followed by a wave-like pullback, which turned into a steady bearish trend with a small amplitude of lateral movements. There was no such behavior of the asset rate in the memory of the crypto robot yet, so he could not quickly rebuild his trading strategy.
The bot still had successful deals, including at one of the peaks. The main thing is that it will take into account all the unsuccessful experiences and, in a similar situation, will learn to ignore erroneous patterns, and will use additional analytical tools for more accurate forecasting.
Robot GALUSDT
This is a newcomer to the team; its result was unsuccessful. Although it can easily be explained by the fact that the cryptocurrency exchange rate collapsed by 40% by the end of the month, as a result of which the monthly total of the bot on the Binance exchange was -4.4502 USDT.
Why? During the analyzed period, the bot did not conclude a successful transaction, and the unprofitable orders were in the middle of the month — a period of abrupt depreciation, when the drawdown was replaced by a short-term correction, after which the rate declined even more. This is a very difficult exchange situation, in which even professional traders often use only intuition.
This robot has no intuition, and mathematical algorithms gave an error, as a result we got a small loss. Although the situation was really difficult, and the optimization of the robot was not enough for the correct reaction to market movements.
Robot KSMUSDT
It is also a new robot. In August, its profit was 5.343 USDT. KSMUSDT made only a few orders in the middle of the month, and that was enough to get a profit. The exchange rate of the cryptocurrency asset was actively falling — a little less than 15% in a month.
The cryptobot used the moment of price reduction, opened several downside and correction deals, eventually closing the entire series of orders with profit. So, it's optimized quite well, although it can't recognize many patterns yet, which explains its low activity. Over time, it will learn and remember all his successful and unsuccessful decisions.
Robot NEARUSDT
Cryptobot has been showing a high level of profitability for the third month, in August its profit is equal to 21.39200001 USDT. The cryptobot perfectly recognizes patterns, which means that all the analytical tools added during its initial optimization were configured correctly.
At the same time, the chart of the NEARUSDT asset on Binance is not simple: the crypt has decreased in price by one-third, which, however, did not prevent bot from working out in a plus on the fall, allowing only one unprofitable transaction.
NEARUSDT confirms its excellent optimization, and an impressive list of trades suggests that it sees patterns perfectly and makes excellent use of all the technical analysis tools at its disposal.
Robot RUNEUSDT
In the past months it was a profitable bot, but in August its loss was 23.618 USDT. This is due to the fact that the cryptocurrency chart on Binance showed a steady decline in the second half of the month, and the bot was not ready for this.
At the end of the month, the robot was able to earn on an upward movement with a short-term correction, but all its previous expectations for the stabilization of the asset rate turned into failures. The bot could not quickly reconfigure its trading algorithm taking into account the sharp downtrend, because there was no such market situation in its historical data.
Robot XLMUSDT
The crypto robot worked in the negative, its loss was 12.68277998 USDT. The reason for this was the price jump that occurred in the first week, which at the end of the day fell into a correction, then was replaced by a swing with a wide amplitude. The bot could not adapt to such price movements.
In addition, over the entire period, it found few entry points, although last month its activity was higher.
Conclusions
Do not expect constant success from algorithmic trading — both programs and traders can make mistakes in forecasts. Moreover, you should not wait for the appearance of a perfect bot or an ideal strategy, which always brings a plus — because then the meaning of stock trading is violated.
AKRA Futures robots are getting smarter every month and making fewer mistakes. They memorize new graphic figures and learn to use new analysis tools provided by the Binance exchange.
In August, some robots went into negative territory, but this loss was covered by the profits of other bots. And in general, we see that investors can receive a stable income several times higher than the average level.