Strategy: SG Mutation C6 v3
Number of pairs: 4
Pairs: USDT-BTC, USDT-ETH, USDT-BNB, USDT UNI
Trading Limit: 100
Starting Date: From 19th April to 26th April (will continue)
I have been running SG Mutation C6 v3 and overall I’m happy with the performance and with the improvements from previous version. However it wasn’t the best week for testing as Binance made a maintenance and we all had to stop the bots, and the maintenance didn’t go as expected, and that caused Binance to be overloaded for almost 24 hours causing multiple buys / sells. They fixed it after making a second maintenance that forced us to stop the bots for some hours… again
Despite of this, so far I’m happy with the results:
Regarding the performance of the different coins: Bitcoin has been the one that had the worst performance by far. After a big drop, it stabilized in a very small range. We know this strategy feeds from volatility, and the results speak for themselves:
Some other interesting things I would like to mention:
1- I have added STOP_AFTER_NEXT_SALE tag to the override of pair USDT-BTC. That means that once USDT-BTC pair ends this cycle, it won’t start a new one. The number of trades and profits I got with other pairs has been much higher, so I decided to run other pairs.
2- This week we have gone through the Scenario 4 I talked about in this post:
I have seen some people getting super impatient and getting mad because the bot “got stuck”. Got stuck in this case means making trades at a lower pace and keep in the same cycle for more than 1 day.
In the pic above we see USDT-UNI graph. The price drop from highest point to lowest point was around 21%, and as you can see, the bot made a very good job lowering the average bought price DCAing and CTing. The yellow line shows the moment the bot existed the cycle with profit despite the big price drop.
3- BTC price dropped from around 64500 to 47000 aprox. That’s a 27% drop. After the drop the price stabilized for long time and the volatility was very low. That’s why this pair has performed worse than others this week. No volatility no party. Despite of this, the bot managed to lower the average bought price from 64500 to 57200 and at this moment it’s only 4,5% below break even price. So, what I am going to do? No drama, I will just wait and let the bot to continue doing its job and lowering average bought price and I’m quite sure it will eventually end closing the cycle with profit.
You know what? The most profitable trades are (almost) always made when closing a cycle after a big price drop:
Things are going good. As I said before, BTC had very low volatility last days and it affected the performance and number of trades of the pair USDT-BTC. Despite of that, the bot ended closing the cycle with profit, but I decided to change USDT-BTC pair for other one. Why? A pic is worth one thousand words:
Other pairs are doing very good. For example, let’s take a look to USDT-ETH:
Despite days 23, 24 and 25 have been heavily affected by Binance maintenances and server overload, it managed to make 111 trades with an average profit of 5,69$ and overall results for the first 12 days are very good:
Finally let’s see profit per day stats:
Last days have been very good. The bot is doing a good job grinding the charts. This is ETH graph of the last days:
More interesting info:
As I told you, I have removed USDT-BTC pair, so the profit I got with it is not measured in this report, but we can see the profit I got with the other coins:
So far the results and performance are very good. I’m testing a fix for a little bug I noticed since 24 hours . This bug only affects to v3 versions, but it’s not a big deal as even with it v3 is much better than v2 IMO. Hopefully I will be reporting soon the fix is working 100%.
On another note, I have created a new variant based on C6 but focused on being able to reach to deep DCAs with very low funds requirement. Its name is CB6 and it reduces funds requirement by 58% compared to C3, while C6’s reduction is around 39%.
Quick update. Things going good. BNB ends cycle with profit:
UNI got stuck for a few days after a big drop, but finally DCAs and CTs managed to lower the average bought price and exist with profit. One more time we see that reaching to deeper DCAs means higher profit when closing the cycle. In this case I got a +55,61$ profit.
I usually like to post updates when a cycle has ended, but in this case I will do in a middle of a cycle after a huge drop. BTC dropped from 65k to 32k and my coins dropped up to around 66% from the price the cycle started:
Worried? No, not at all. The bot keeps doing it job, lowering the average bought price with DCAs and with CT trades. And the higher the dump it is, the higher the profit will be after ending the cycle
On the other hand, this huge dump has been very useful to check how the strategy behaves in these kind of situations and I got important conclusions that have lead to some changes / improvements being coded to the strategy.
The cycle for USDT_BTC pair started at 650 aprox, and now the average bought price is 481. As I said, the bot keeps doing its work, and now is when you see how important is it to allocate enough funds to let the bot do its job when there is a big dump like this one. We didn’t make a calculator for fun, there was a very important reason for doing it.
So, I will be posting soon the profits after closing the cycle
Quick update. Then bot managed to lower average bought price from 481 to 418… so things keep going good and bot keeps doing its things as expected.
Another quick update: UNI exited the cycle with profit and started a new cycle. The other pairs, USDT-BNB and USDT-ETH are doing good… slowly lowering average bought price, so hopefully the bot will end those cycles soon too.
On the other hand, I started trying v3.5 with several improvements, like being more aggressive when price drops a lot, as older versions (same as original one) try to buy so low that many times it just doesn’t buy even if price dropped like 25%. The new version gets good buys like these ones:
One of the next improvements I’m looking for is to increase the % of CT sells, as in some cases the % of profit is very low and I think it will be a big improvement to increase the minimum CT sell profit.
Hi guys, another quick report. I will make a much more detailed report once I get back to my city on Sunday.
1- BNB ended the cycle, releasing a lot of funds and getting very nice profit after a very long cycle, which started on 650$ aprox and ended around 400$. Nice job lowering ABP btw.
2- UNI also ended the cycle as I told you in the previous post, and it’s doing very good since then, fast and profitable cycles:
3- ETH did a very good job lowering ABP from 4400 and it was very very close to end the cycle. Now there was a new drop and now it’s around -8% aprox. Nothing to worry about, just another day in the office. As I said, it’s just a matter of time. The bot continues lowering ABP and this cycle will end with profit soon, same as other pairs.
Summarizing, now I have 70%+ free funds, and the strategy managed to handled huge drops from around 60 to 70%, so things going very good
Average profit per day has dropped a bit, but it’s normal, BTC price dropped 50%+ and other coins dropped 60-70%, so the bot had to make its magic during many days until it managed to end the cycle and start new cycles.
The only pair that is stuck since the beginning of the big drop is USDT-ETH, which managed to lower ABP from 4400 to 2780. The bot continues doing its job slowly lowering AVG, and hopefully it will end the cycle soon with nice profit
Today BNB ended a new big cycle getting a nice profitable trade: 92,46$.
On another note, I will finish implementing v3.5 into all the variants within a few days, and I have some ideas for v4.0 which will definitely improve the performance
The last 20 days the market has been an ass. BTC dropped like 25% and altcoins dropped even more and they all kept going up and down in a very small range.
Despite of this UNI ended a big cycle with good profit: 41,50$
After ending this cycle, the pair USDT-UNI is cycling nicely now:
Regarding other pairs: USDT-BNB is about to close another big cycle, it’s 4% below break even price and the bot is lowering ABP constantly.
USDT-ETH is still involved in the huge cycle that started when price was in the peak, 4400. The bot keeps doing it’s work and it managed to lower ABP to 2600, which is really close to current ETH price (2300), so hopefully it will close very soon this huge cycle with huge profits.
Here you can see the profit I got for each pair:
And daily profit:
Latest days the profits have been lower than usual. Nothing to worry about, it’s normal with current market conditions. And patience pays off, you will see ;)
– Regarding v3.5 and newer v4 versions:
v3.5 is definitely better than previous versions. It fixes the issue we found with original and v1 and v2 version that made the bot trying to find a lower buy point when the price falls very fast, and it made the bot not to buy even if the price dropped 30% in some situations. That was a big bug and it’s fixed in v3.5. On the other hand, when the price falls very slow and goes sideways, v3.5 was a bit too aggressive in some circumstances, and that something I have already fixed for v4. That way v4 has a much better balance between being conservative and aggressive depending on the situation.
Other improvement I’m about to implement to v4 is to increase the profit with Continuous Trading sales. CT is really good and it helps to get lower buy points while saving funds, but at the same time we noticed that many times the profit for each CT trade was very low, so in v4 I’m going to force a higher minimum profit. This way we will get a more powerful CT. Most likely the new post will be the continuation of this one but running v4.
Just a super quick update: USDT-BNB pair just ended the cycle with nice profit: 51,78$
Any updates Aitor? Curious as to how your strat is currently handling this market. The current range seems like it would be perfect for a grid bot!
Me too, would like to know your updates for the current market :)