Maximizing Profits: 1 Month Review of Trading Bots in Portfolio Mode
Table of Contents
- Introduction
- Setting Up the Bots
- Overview of Valerie Trading Bots
- Evaluation Period and Trading Schedule
- Reviewing the Performance
- Comparing Results with Expectations
- Analyzing Monthly and Daily Gains
- Total Number of Trades Taken
- Trade Durations and Carrying Fees
- Future Reviews and Subscriptions
Introduction
In this article, we will be reviewing the performance of the Waka Waka, Golden Pickaxe, and Precept Trader AI bots, all developed by Valerie Trading. These bots have been used in conjunction on a single account, utilizing the portfolio mode. Before diving into the review, it is important to note that we only had two full weeks of trading prior to the holiday season, as the bots are programmed to take a two-week break after Christmas. Therefore, the evaluation period for this review only covers two weeks, but we will provide subsequent reviews for two and three months if the interest persists. So, let's get started and see how these bots performed.
Setting Up the Bots
To fully understand the setup process, I recommend watching the initial video where I demonstrate how to set up the Waka Waka, Golden Pickaxe, and Precept Trader AI bots. Additionally, it's worth mentioning that I have enabled comments on the terminal to easily distinguish which bot is trading at any given time. This will be useful when analyzing the trades conducted by each bot.
Overview of Valerie Trading Bots
Valerie Trading offers a range of bots for automated trading, including the Waka Waka, Golden Pickaxe, and Precept Trader AI. These bots are designed to execute trades based on specific strategies and market conditions. While each bot has its own unique approach, they can work together in portfolio mode to diversify trading strategies and potentially enhance profitability.
Evaluation Period and Trading Schedule
As Mentioned earlier, due to the programmed holiday break, we can only evaluate the performance of these bots for a two-week period. The trading started on December 11th and was halted after December 25th. However, it is important to note that the trading schedule can be customized to include holidays if desired.
Reviewing the Performance
During the evaluation period, a total of 64 trades were conducted by the bots. The majority of these trades were executed by the Waka Waka and Golden Pickaxe bots, with a few trades conducted by the Precept Trader AI Bot. It is worth noting that contrary to expectations, some trades were executed even on December 26th, a day traditionally considered a holiday.
After the evaluation period, a profit of $259 was achieved. While this may seem like a relatively low profit, considering the limited trading period, it translates to a 5.18% gain in just two weeks. Extrapolated over a month, this could potentially result in a 10% gain, provided the bots continue to perform consistently.
Comparing Results with Expectations
Although the goal was to achieve a closer to 10% profit within the evaluation period, the 5.18% gain is still commendable considering the limited trading timeframe. It is essential to maintain realistic expectations and understand that market conditions and bot performance may vary over time. However, if the bots continue to trade profitably for the entire month, the desired 10% gain could be attainable.
Analyzing Monthly and Daily Gains
Analyzing the performance using MyFxBook, we can observe an absolute gain of 5.19% over the evaluation period. The monthly gain is slightly lower, and the daily gain stands at 0.16%. It is important to note that the daily gain was affected by the stagnant market conditions during the holidays. However, it is expected to improve with a more consistent trading schedule.
Total Number of Trades Taken
During the evaluation period, a total of 64 trades were executed. This demonstrates the active trading approach of the bots, aiming to identify profitable opportunities in the market. The relatively high number of trades indicates a proactiveness in the bots' strategies and their ability to adapt to changing market conditions.
Trade Durations and Carrying Fees
In terms of trade durations, the majority of trades conducted by the bots were closed within one day. This suggests a preference for short-term trading, avoiding overnight carrying fees that can accumulate and impact profitability. While there were a few trades that extended to three days, they were not the norm.
Future Reviews and Subscriptions
This review provides a snapshot of the performance of the Waka Waka, Golden Pickaxe, and Precept Trader AI bots over a two-week period. To gain a more comprehensive understanding of their performance, subsequent reviews will be conducted for two and three months. If you found this review insightful and would like to see more, please consider liking the article and subscribing to my Channel. By reaching a thousand subscribers, I can continue sharing the real-life experiences and profitability of different trading strategies on YouTube.
Highlights
- The Waka Waka, Golden Pickaxe, and Precept Trader AI bots were utilized in a portfolio mode for this review.
- The evaluation period covered only two weeks due to the programmed holiday break.
- A total of 64 trades were executed during the evaluation period.
- Despite the limited trading timeframe, a profit of $259 was achieved, equivalent to a 5.18% gain.
- The bots demonstrated a preference for short-term trading, with the majority of trades closed within one day.
- Subsequent reviews will be conducted for two and three months to provide a more comprehensive analysis.
FAQ
Q: Can the bots be modified to trade during holidays?
A: Yes, the trading schedule can be adjusted to include holidays if desired.
Q: Why were trades conducted on December 26th, which is typically considered a holiday?
A: Some trades were executed on December 26th due to the specific market conditions and strategies employed by the bots.
Q: Are there any carrying fees associated with overnight trades?
A: The bots primarily aim for short-term trades to minimize carrying fees. However, in rare cases where trades extend to multiple days, carrying fees may apply.