thetradingparrot
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Are there any coins constantly outperforming BTC? Jozefo bot
🕑 Added 2021-02-27 18:44:29 +0000 UTCUpdate: jozefo bot created replacing old link.
Not many people think it's a great idea to bet against BTC during a BTC bull run.
In fact we are not running any bot using BTC pairs since 2020.
This doesn't mean there's not a single opportunity here that we can explore.
Let's look at the following crypto screener filters on TradingView:
- Weekly performance > 10%
- 3-month performance > 100%
- 6-month performance >100%
- year performance > 200%
- volatility between 9% and 20%
- only BTC pairs
Only 3 coins survive the tough challenge of outperforming BTC while keeping a decent behaviour in terms of volatility.
This is telling us that there's 3 tokens proving a point: Coins that have been constantly beating BTC without any major hiccups.
Let's look at them all together in a single chart showing performance %, BTC starts looking like a very humble token now, it's all relative.
Voyager (BQX) stands out as a strong contender with 2286% performance in the last year.
I'm going to start testing a bot that is bullish on BQX/BTC as an experiment.
Looking at the BQX/BTC chart we can see that RSI7 4-hour below 65 is a decent way to avoid catching BQX overbought and with a drawdown of up to ~69.1% since beginning of 2021 we can place our SO around 40% and get away with nice projected profits without being too conservative.
Here's the link to the new bot called jozefo using 0.021 BTC.
This bot is a test, I may need to correct it a few times in the next month or even disable it.
I warn you this is pretty risky test and you should not copy this if this is the first time you hear about BQX. Past performance doesn't guarantee the future performance.
Best case scenario: we make good profit on BTC with a token that has shown being a great candidate for this task while most other tokens are bleeding vs BTC.
Worst case scenario: Voyager fundamentals change dramatically from what we've seen and the bot buys at the top with big disappointing results. All the BTC you give to this bot is at risk.
This bot won't appear in the bots running discord channel or bots dash board in our website as it's part of the BETA tests we do.
I'm not encouraging anyone to copy it unless it's with paper trading. I'm testing it with real money because I'm willing to HODL either BTC or BQX.
(Thanks to the patreon that shared this idea! 100% your credit :)
Do you think you can build a better version of Jozefo? leave a comment below.
Comments
great thanks! I am testing the same pair with cipher signal
thanks for spotting it Fabrizia,
link to the bot is not working it shows deleted
Well, I know BQX since 2017; it was named ETHOS at that time, as a project, I believe it has good fundamentals that would allow it to survive and progress
true out-of-the-box thinking, both of you, TTP and the secret contributor!
