15 September 2024
Crypto is off to a good start this year.
Between Jan 1 and Jan 18, 2023, the global crypto Mcap grew by $171.5B, and everyone is excited for what the next months have to offer.
While no one can predict the market, AI is proven resilient in making emotionless decisions based purely on pattern recognition and evolutionary trading strategies.
This article will review the top 6 crypto trading bots on the One Click Crypto application that have generated an average ROI of +58.26% — with a detailed breakdown of each.
Performer v2 (P2) is One Click Crypto’s most used trading AI, with the status of best crypto bot on the platform in 2021.
Thanks to its neural network programming based on Google’s Transformer AI, the P2 bot is capable of adapting swiftly to any market condition.
The first case study focuses on the GALA P2 bot that began trading in mid-October, one month before the latest crypto crash.
In the first 80 days of its trading journey, the Performer v2 AI focused on slowly gaining an edge over GALA by strategically trading on market swings.
By doing so, the trading robot saved its capital during the bumpy down trends of the asset and had more funds to invest during the early 2023 relief rally that started on Jan 8.
Statistics:
Market Pair: GALA:USDT
Trading Time: 93D
Bot’s Performance: +89.84% ROI
Market’s Performance: 32.30%
The most critical moment for this P2 AI bot was when it entered a long position with 100% of its capital three days before the rally's start.
2. Explorer vs. Solana
Explorer AI is the latest addition to One Click Crypto’s trading software.
It combines parts from Performer v2 and Horizon (more on him in a bit) in order to create a unique AI hybrid that can risk-adjust quicker.
In the following case study, we will look at one of Explorer’s first tackles — Solana, and the AI’s journey throughout the FTX crash.
Between September and early November, it is safe to say that Explorer was “exploring” the market condition on Solana.
By avoiding the sharp -60% price drop during the FTX/Alameda scandal, the crypto trading strategy gained an exceptional advantage over the asset.
Stats:
Market Pair: SOL:BUSD
Trading Time: 143D
Bot’s Performance: +50.62% ROI
Market’s Performance: -27.06%
Part I: Gaining an edge over the market
The first step for the AI’s success was the critical sell-off moments before the market collapsed (with SOL being the most significant loser in high Mcap cryptos).
Part II: Making Profits
After the consolidation period in December 2022 and early Jan 2023, it was time for Explorer to start accumulation, and it did so just in time before the market began “pumping.”
Currently, while the market is in a distribution zone, the AI is “locking in” on some of the profits it made during the relief rally of Solana.
Another interesting case study for Explorer is the AI’s 140+ day journey against XRP, in which the bot outperformed the asset by 36.01%.
Similarly to the SOL case study, here Explorer was in a waiting mode during its initial weeks of trading, taking advantage of XRP’s uptrend.
By avoiding the crypto market crash, the AI held entirely on its accumulated gains during the assets upcycle.
Stats:
Market Pair: XRP:USDT
Trading Time: 143D
Bot’s ROI: +68.67%
Market’s ROI: +14.66%
Explorer demonstrated all three of the most common trading behaviors of One Click’s AI crypto trading bots.
In its initial phase, the bot primarily “stuck” to the asset, like an index fund, gaining the advantage of the upward momentum.
During the second and most vital phase — “Folding,” the AI sold off his position exactly on time before XRP retraced to 0%, leaving the bot with almost 70% of the net difference.
The difference is currently maintained through what we call “mimicking” — a phase during which the AI tried holding a maximum advantage over the market, waiting for another “folding” opportunity.
Another characteristic trade of Explorer is that it places multiple orders in condensed spots — a very inhuman pattern that seems to work quite well for the machine.
Back to P2, we take a look at another case study, this time against FTM.
Performer v2 quickly gained an advantage over the market, which it maintained through almost all of its 6-months trading journey.
At first glance, it might look like it missed the late October uptrend on FTM, but it helped the AI to avoid the “bull trap” that might have cost a -50% capital loss.
Stats:
Market Pair: FTM:BUSD
Trading Time: 169D
Bot’s Performance: +30.92% ROI
Market’s Performance: -6.09%
Most recently, the P2 bot entered with 60% of its capital into the asset shortly before the new price bump began.
The Horizon AI was the best risk-managing bot during the horrific 2022 crypto year.
Even though it is one of One Click Crypto’s older generation of software, it still proves versatile even during 2023 — showing the biggest benefit of using AI instead of algorithmic automation.
While an algorithmic bot might work well for some time, thanks to it being explicitly programmed for a given market condition, it is doomed to fail in the long run. On the other hand, AI bots built with machine learning are adaptive and constantly change their strategies to match the next cycle.
Patience is the best-describing word for the first four months of this case study.
While nothing incredible happened during the Litecoin Horizon AI learning phase, during the May 2022 Terra ecosystem collapse, the bot proved to be an excellent risk manager.
In the following crypto domino effect moments, the trading software continued managing its position to increase its advantage over the market, essentially reaching a +99.3% edge over LTC.
Stats:
Market Pair: LTC:USDT
Trading Time: 355D
Bot’s ROI: +78.66%
Market’s ROI: -20.64%
The most significant advantage of the Horizon AI is that it works with “limit orders”, giving the bot a vital tool in creating a risk-adjusted plan for several days and even weeks ahead.
It’s not uncommon to see several duplicated trades (or even quadrupled) in the trade history of Horizon. Why precisely the AI trade like this is beyond belief, but the results speak for themselves.
This style of order placement has been adapted by Explorer as well, as we saw in a couple of case studies before.
In the last case study, we look at one of the longest-running One Click Crypto strategies — the ETC Performer v2 bot.
The P2 Ethereum Classic bot was a phenomenal gem in 2022. At one point, the AI was in a +130.85% net return, while ETC was in a loss for the same trading period.
Currently, the trading software is gaining an upward momentum edge over the asset, indicating a potential good 2023 year for the bot.
Stats:
Market Pair: ETC:USDT
Trading Time: 426D
Bot’s ROI: +30.85%
Market’s ROI: -58.98%
Except for its capability of spotting local market bottoms and tops, Performer v2 is characterized as an AI that likes to take advantage of short-term swings, sometimes making even micro profits in narrow ranges.
Everyone is crazy about OpenAI’s ChatGPT and is trying to find a use case for making money with its innovative tech (including crypto trading bots).
Meanwhile, One Click Crypto has been developing in-house AI/ML software models since 2020, and some of its best creations are highlighted in this article. While no future profits are guaranteed, the top crypto trading bots in 2023 might just be some of the candidates listed here.
While the bots are busily outperforming the market, exploring new opportunities on the horizon, the One Click team is devoted to building the best AI-optimized aggregation software in DeFi.
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