ETH vs USDT

WHAT IS THE ETHEREUM BOT?

Trades between Ethereum (ETH) and Tether (USDT).

The bot uses an automated trading strategy that is designed to capture ETH bull market outbreaks, follow the trend to the upside, then sit on the sidelines in USDT when price corrects, becomes uncertain or starts trending downwards. 

PERFORMANCE

The bot was birthed in January 2021, just as ETH hit a new all time high.

The below data is actual performance as recorded by 3 Commas.

All trades can be verified on 3 Commas by searching for 'Blue-Sky-Ethereum--Bot'.

Type

Date Range

ETHEREUM BOT

Since Inception

20 Jan 2021 - 31 Mar 2021

25.15%

Q1 2021

1 Jan 2021 - 31 Mar 2021

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25.15%

*Trading bot moved to new platform on 12th March 2021

Date

Number of Trades

% Profitable

Greatest Profit

Greatest Loss

1 Jan 2021-

31 Mar 2021

5

40%

27.39%

-7.75%

1 Apr 2021-

31 Jul 2021

-

-

-

-

PERFORMANCE HISTORY (BACKTESTING)

PERFORMANCE HISTORY (BACKTESTING)

Backtesting was conducted using the TradingView Strategy system.


The tests covered a range of different market conditions and different time periods to get a more diverse sample set. 

 

Two scenarios were then tested; a Buy and Hold Strategy of purchasing 1 ETH and holding, versus running the Ethereum Bot. Below are the results.

 

Note: The results are the percentage gains in USD terms
 

ACROSS VARYING MARKET CONDITIONS

Date Range

Buy and Hold

ETHEREUM BOT

1 August 2017 - 30 Nov 2020

(Pre-Bull Run)

+ 170%

+ 942%

10 January 2018 - 30 Nov 2020

(Buying at Previous Top)

- 55%

+ 141%

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ACROSS CALENDAR YEARS

Date Range

Buy and Hold

ETHEREUM BOT

30 Nov 2017 - 30 Nov 2018

-  73%

+ 50%

30 Nov 2017 - 30 Nov 2019

- 64%

+ 82%

30 Nov 2017 - 30 Nov 2020

+ 33%

+ 472%

Backtesting Disclaimers:

Statistics include the fees that would of been incurred during the time range

Statistics assume that all capital was held within the bot throughout with no capital gains tax paid. 

Costs for subscription to platforms not included 
Backtesting software cannot account for trades that would have exited due to stop loss activation. As such, all backtesting data may differ to actual performance due to the inclusion of stop loss coding in the Ethereum Bot strategy.
Backtesting and past performance cannot predict future performance. 

MORE DETAILS PLEASE!

Averages 15-30 trades/year on a 24/7 market

Each trade has an automatic stop loss for protection

Only longs the market (no shorts)

Simple to start up and manage

Uses Binance in conjunction with Wunderbit Platform

Copy-traders have access to their trades and holdings at all times - at no time does Blue Sky Breakout have access to, or the ability to view your capital.

IMPORTANT CONSIDERATIONS

  • Depending on where you entered the market cycle and initiated the copy-trading bot, you could start off with losses within the first few days and / or weeks. If you happen to start off at an ideal spot in the cycle then great, but to be transparent, you will encounter a period of losses at some time. It is very important to take a long term perspective and only invest an amount that you are comfortable with.

  •  

  • This is not a 'set and forget' strategy. If that appeals to you, simply buying and holding might be more suitable. Successfully following this bot requires a certain attentiveness to the Blue Sky Breakout announcements on social media. Occasionally, there will be times when copy-traders need to manually intervene with open trades. This will be announced through the Blue Sky Breakout social channels and will need to be acted on promptly to stay within the bot strategy.

    It is also important to know that depending on your country of residence, buying and selling of cryptocurrencies is likely to be subject to tax.

WHAT'S THE RISK?

Can have periods of underperformance in high ranging and/or non-trending conditions. Designed for long term implementation.

 

Alerts and triggers are built on other platforms and trades rely on these to be fully functional (monitored regularly by the BSB team).

 

All funds remain on the exchange and therefore rely on the security of that exchange

All trades are programmed with a stop loss to prevent major losses.

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COMMISSION AND OTHER COSTS

The Ethereum Bot trades through the Binance Exchange. Binance Trading Fees can be accessed here.

Slippage can occur for large orders. More information on slippage can be accessed here.

Blue Sky Breakout charges $10/month to access this trading bot

The ability to copy-trade is executed through the 3 Commas platform. 3 Commas allows users to copy-trade one bot for free. If more than one bot is copy-traded, users are required to sign up for a plan.