Hello! Alexander Glebov is with you again. Another month of active work by our AKRA Futures robots on Binance has ended. September was a very difficult month for all traders: both trading on classic exchanges and specializing in cryptocurrencies.
Exchanges have been shuddering for several months, as a result, even professional traders with many years of experience suffer losses. This could not but affect the general mood of the players. They became more cautious, to which the market reacted with a prolonged flat in September, and this significantly complicated the technical analysis.
Against the background of collapsed capitalizations of corporations and funds, AKRA Futures robots showed a decent result. They not only saved investors' funds, but also increased: the final monthly income was 2.3165%. I will tell you how smart algorithms traded in September and what changes took place in the AKRA Futures robots team.
Robot AAVEUSDT
In September, the crypto bot showed a negative yield, its loss was 9.56799999 USDT. The bot showed almost the same result on Binance in August.
Despite the relative market lull, the robot was quite active. It means that many patterns have been preserved in its algorithms, which it knows how to identify well on the chart. Although it does not always correctly interpret the emerging graphic figures.
The history of trading operations has shown that during periods of relative calm, the robot unsuccessfully traded futures, as the price rested on the upper threshold of resistance and did not go further. However, in moments of high volatility, which fell on a bearish trend, the bot showed maximum profitability, catching the rate at a minimum several times and betting on its increase.
Robot ADAUSDT
In September, ADAUSDT showed a negative yield of 29.3891 USDT on Binance.
Despite the fact that the cryptobot was quite active, not all of its forecasts were successful. The reason is the low volatility of the cryptocurrency. When its strong fluctuations began closer to the middle of the month, the robot promptly reacted to the situation, managing to earn 15.7248 USDT in one transaction.
Periods of flat are always difficult, and it is difficult for both a person and a job to adapt to them. At the same time, it is clearly visible that the cryptobot perfectly fulfills the moments when the cryptocurrency becomes volatile, and extracts profit from this both on short and long positions.
Robot ALGOUSDT
Over the previous two months, the bot showed excellent results, but in September the cryptobot had a loss of 23.18913 USDT. At the same time, it cannot be called too active in September — less than 10 transactions were made, of which only one futures made a profit at the end of the month.
It is clear that the robot was forced to close some orders in order not to hold them further, as this would lead to even greater losses. However, a little activity indicates that the robot is not yet good enough at finding patterns, although the cryptocurrency chart on Binance this month is not exactly homogeneous.
Robot ALICEUSDT
Cryptobot has been showing a positive trading result for the fourth month. In September, its income was 4.18530001 USDT. The amount is noticeably less than in previous trading periods, but due to the difficult situation on the market, this is just an excellent result.
The bot's trading activity was low, and its peak was in the second half of the month — when the "bears" firmly entrenched themselves in the market and brought down the cryptocurrency exchange rate. Even in such difficult conditions, the robot was able to find the optimal entry points into the market and conclude several profitable trades with profit on futures.
Robot ATAUSDT
After a small yield in August, in September, the cryptobot on Binance had a loss of 28.9408 USDT. At the same time, it was practically inactive, and all his rekts were the result of dumping unprofitable orders, which were no longer even necessary to hold.
September was a bad month for ATAUSDT, but the minimum number of transactions shows that the robot chose not to take risks. This is the right decision, since even a small risk in a period of such high market tension can turn into a grandiose failure. Therefore, the tactic of waiting for the best market conditions is quite justified.
Robot AVAXUSDT
In September, this bot earned 29.89 USDT on Binance. Of course, this is a smaller profit than last month. But given the difficult market conditions, this is a remarkable result, especially compared to the robots discussed earlier.
There were few deals in September, and all of them were concluded at a time when the bot successfully entered the market at the moments of the greatest volatility of the cryptocurrency pair. We see that it actively uses all the technical analysis tools that it has.
Robot DOGEUSDT
In September, the DOGEUSDT robot lost 8.26693 USDT. At the same time, the bot was quite active, which means that it understood the market situation — it found familiar figures on the chart.
The reason for the failure is that DOGEUSDT is one of the most popular cryptocurrency pairs among traders. A significant part of traders are hysterics, with their chaotic orders, they significantly affect the cryptocurrency exchange rate. Short-term chaotic movements against the background of a long flat are not amenable to analysis and prediction, so the cryptobot failed.
Robot NEARUSDT
This cryptobot has been making a profit for the fourth month. In September, its income on Binance was 67.08 USDT.
This is an excellent result despite the average activity of the bot. But the cryptocurrency exchange rate was also disposed to this — it turned out to be moderately volatile, without jumps, but also without an obvious flat.
Robot RUNEUSDT
Compared to last month, the crypto bot corrected itself and brought 32.395 USDT. It managed to achieve such a successful exchange trading with minimal trading activity.
The entire yield for September was fixed on longs, while short positions turned out to be unprofitable, although the monthly chart showed a drop in the cryptocurrency exchange rate.
Conclusions
September 2022 was a very difficult month of flat, not only on Binance, but also on all trading platforms. However, the AKRA Futures robots team withstood the difficult exchange conditions quite adequately, even bringing a profit, which in any case is greater than the level of profitability for classic investment instruments.
Cryptocurrencies and cryptocurrency exchanges, despite their belonging to the virtual space, are closely linked to the real sector, so economic and geopolitical factors can also affect them
While all Western stock market reports did not leave the red zone, demonstrating a steady decline, traders were looking for a safe haven and almost found it in cryptocurrency assets. However, the cryptocurrency exchange rate was affected by the speech of Fed Chairman Jerome Powell, causing a series of unexpected falls with subsequent correction.
Of course, the situation on cryptocurrency exchanges in September was difficult, and, unfortunately, there are no factors that would show that it will become easier next month. Even in such a situation, AKRA Futures robots show excellent results, and while many are rapidly losing money, unable to adapt to market conditions, our team earns.
