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ADA - BTC - ETH - LINK - UNI - XRP - YFI - PLUS OTHERS
WHAT IS THE DOLLAR BOT?
Trades a variety of cryptocurrencies using USD stablecoins (or other currencies) as collateral on the perpetual futures market.
This is a semi-automated trading strategy that longs and shorts the market.
This is best suited to people who are familiar with futures trading and navigating the FTX Trading platform.
PERFORMANCE
The bot was birthed in Mid 2020.
The below data is actual performance as recorded by Wunderbit.
All trades can be viewed and verified on Wunderbit by searching for 'Dollar Bot'.
Type
Date Range
DOLLAR BOT
Since Inception
Mid 2020 - 31 Dec 2020
+65.66%
Last Quarter
1 Oct 2020 - 31 Dec 2020
+28.5%
Date
Number of Trades
% Profitable
Greatest Profit
Greatest Loss
1 Oct 2020 - 31 Dec 2020
82
39%
21.5%
-1.96%
1 Jan 2021-
31 Mar 2021
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PERFORMANCE HISTORY (BACKTESTING)
Backtesting was conducted using the TradingView Strategy platform.
The tests covered a range of different market conditions, and different time periods to get a more diverse sample set. Two scenarios were compared: a Buy and Hold Strategy using equal amounts of BTC, ETH and XRP; versus running the Dollar Bot on these same coins over the same time period.
ACROSS VARYING MARKET CONDITIONS
Date Range
Buy and Hold
DOLLAR BOT
1 August 2017 - 30 Nov 2020
(Pre-Bull Run)
+341%
+1653%
16 December 2017 - 30 Nov 2020
(Buying at Previous Top)
- 8%
+683%
1 Nov 2017 - 1 Nov 2019
1 Nov 2017 - 1 Nov 2020
+240%
+2659%
+292%
+6819%
ACROSS CALENDAR YEARS
Date Range
Buy and Hold
DOLLAR BOT
1 Nov 2017 - 1 Nov 2018
+39%
+871%
Backtesting Disclaimers:
Statistics include the fees and commissions 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 Dollar Bot strategy.
Backtesting and past performance cannot predict future performance.
Note: The coins included in the Dollar Bot strategy are subject to change depending on market conditions. The below backtesting data only tracks the performance of BTC, ETH and XRP following the Dollar Bot strategy. When other coins were included in backtesting, the performance was even stronger. The more conservative data has been included here, however, more extensive reports that include different coins and time periods are available on request.
HIT ME WITH SOME DETAILS!
Averages ~250 trades per year on a 24 / 7 market
Each trade has an automatic stop loss for protection
Diversified across a number of coins to spread risk and increase profits.
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.
Uses FTX Exchange in conjunction with Wunderbit.
IMPORTANT CONSIDERATIONS
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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.
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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.
RISK
*Recommended only for traders experienced in cryptocurrency and futures markets*
Can have periods of underperformance in ranging or non-trending conditions. Designed for long term implementation.
Trades come with exchange fees and futures funding fees.
All funds remain on the exchange and therefore rely on the security of that exchange
Alerts and triggers are built on external platforms and the activated trades rely on these to be fully functional.
COMMISSION AND OTHER COSTS
Dollar Bot trades through the FTX Exchange. FTX Trading Fees can be accessed here.
Slippage can occur for large orders. More information on slippage can be accessed here.
Blue Sky Breakout commission is set at 10% of all profits. We only win when you do.
The ability to copy-trade is executed through the Wunderbit platform. These fees are an additional 2% (charged at 20% of Blue Sky Breakout's commission). This is charged on top of the commission paid to Blue Sky Breakout.
In summary: Total of 12% commission plus trading fees. See the example below for more clarity.
EXAMPLE OF FEES
$1000 Trade
FTX Trading Fee (BUY)
0.06% *
Final Trading Amount = $999.40
20% Profit from trade (example) = $199.28
FTX Trading Fee (SELL)
Blue Sky Breakout Commission (10% on profitable trades only)
Wunderbit Commission
(20% of BSB commission)
0.00%
10.00%
2.00%
$0
$19.92
$3.98
Traders Total Profit = $175.38
$0.60
Total Commission = $23.90
*FTX fees are subject to change and can also be reduced if trading volume is higher, and if the trader holds FTT tokens. Please see current fees here.
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