This is an update post continued from Update 8 July 2020: Cryptohopper
Update as of 10 July 2020:
Results as of 9 July 2020 2001 HRS
Current price of 1 BTC: USD 9442.00
Initial Deposit: 0.11 BTC (USD 1038.62)
Current Balance (including current open positions): 0.12115742 BTC (US 1143.97)
Profits (not including open positions): 0.011839397 BTC (USD 111.79)
Profits Percentage: 10.14% (it is lesser than the total BTC returns percentage as it includes the current open trades which are in negative %)
Total Trades closed: 61
Winning Rate: 80.3%
Compared to my previous update on 8 July 2020, the winning rate has dropped to 80% but overall still profitable. The overall bitcoin balance is only slightly more than the 8th but the amount in USD is lesser due to the current fall in price of BTC. I am absolutely not discouraged by this as I mentioned on my first post on cryptohopper that this strategy works better in trending markets and currently that is not the market we have. I will tweak the settings a little bit more to see if we can get more win trades and increase our winning percentage up.
Or perhaps, it’s time to switch to another strategy that suits the current market better? Stay tuned and subscribe to find out!
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