3 Wins and 5 Misses: Inside One Day of Automated Crypto Calls

Bitcoin traded between $83,887 and $84,706 over the last 24 hours and finished near $83,887, a move of about -0.7 percent. The total crypto market stayed close to $2.90 trillion.

Summary

• Bitcoin ranged from $83,887 to $84,706 and closed near $83,887, a move of -0.7 percent.
• Calls settled: 3 reached target, 5 hit the stop, 10 ended flat.
• Coins called during the day: BCH, DASH, no call, OP, LINK.
• Part of the day was spent deliberately not trading, because of a scheduled risk event.
• Running record: 54 wins, 57 losses, 123 flat. 49% of decided calls reached target.
• Takeaway: the system manages risk better than it predicts direction.

What the bot called

The published calls, in order: BCH, DASH, no call, OP, LINK.

For part of the day the bot published nothing at all. The reason was a scheduled risk event, and it chose to hold back rather than buy into it.

Calls that hit target

These reached their target. The levels below were published before the move, so you can check them against the chart.

The 5 calls that stopped out and the 10 that went nowhere are counted in the summary above.

The honest part

Most picks end flat, which is normal for a system that sets a target and a stop. Of the calls that resolved either way, 49% reached target first. The running record is 54 wins, 57 losses and 123 flat.

The system is better at managing risk than at predicting direction. That is worth knowing before you copy any of it.

What to do next

• Use limit orders instead of market orders. Every level here assumes you waited for the entry.
• Risk no more than 1 percent of your account on a single trade.
• Do not chase a coin that has already jumped more than 20 percent in a day.
• On flat days, doing nothing is a valid position.
• Treat all of this as research, not financial advice.

Photo by Maxim Hopman on Unsplash.