Cryptohopper Results: 20% in Profit

Today I will share the results of Cryptohopper bot, which has started to execute trades for me a month ago. Please check my previous post to know more about the setting and strategy I am using.

As you can already see from the article title, Cryptohopper was able to make a 20% profit during the month of trading activity. It was an interesting month, as the price of Bitcoin went up collapsing the price of the altcoins, which reflected on the bot results.

This is how my trading balance looks like right now:

I am calculating the profit based on the “Total BTC assets” value. It shows the amount of BTC I will have if I decide to close all positions right now and sell altcoins for BTC. By the way, there is a special Panic sell button for doing that:

Talking about the positions, right now I have 23 positions opened and this is the breakdown that shows the amount invested and current exit result:

I will also list all the positions for you here, so you could actually see the whole picture:

Looks not that good, right? Almost all positions are in red, and this is because of the growth of Bitcoin that I was talking about. The overall balance is still in profit, so right now I will simply wait for the market correction and allow Cryptohopper bot to sell these altcoins with a 4% take profit feature. 

Hopefully, it won’t take that long to correct, as the more open positions I have sitting on the balance, the less free funds there are to make new buys and profit. I will keep monitoring the status of my open orders for a week and if there will be no changes, then probably a Stop-loss action will be performed.

There is a global stop-loss setting that I can apply for any open position, so I will need to come up with a strategy to minimize the risks.

Now let’s check what other interesting stats Cryptohopper bot allows us to monitor. Here is the progress of the total value of my bankroll in Bitcoins for the whole month. The peak value was 0.123 BTC and the minimum one was 0.095 BTC.

Here is the chart of the Bitcoin price for the same period:

Here you can see that when Bitcoin has started to grow all the altcoin positions crashed.

One interesting question that many of you ask is: Why do you launch the bot? You would make more just holding the Bitcoins!

That is not true. I have started this experiment with 0.099 BTC invested and now my portfolio is worth 0.119 BTC. The aim of my trading strategy is to accumulate Bitcoins and the bot performing in that direction.

Next, I will also share another screenshot showing the most traded coins. You can use this information when choosing the coins for the Cryptohopper trading strategy. These coins might be a good selection:

Green – buy orders, red – sell orders. Here is a monthly breakdown for all the orders executed:

It will be an interesting moment and challenge for the bot during the next couple of days. As all the balance is distributed among open orders, which are negative at the moment, there will be insufficient funds to create new positions. The total amount of orders most likely will start to decrease if there won’t be any market correction.

I will prepare a new Cryptohopper bot report once there will be a solution for the current situation:

1. The market will allow the bot to sell those open positions
2. Or I will apply a stop-loss strategy and close some positions myself