Vesuvius
Vesuvius is a great pick if you are looking for a low risk Bitcoin (BTC) strategy with a high success rate!
Introduction
Mount Vesuvius, or simply Vesuvius, is a somma-stratovolcano located on the Gulf of Naples in Campania, Italy. Vesuvius has erupted many times since and is the only volcano on the European mainland to have erupted within the last hundred years. Mount Vesuvius was regarded by the Greeks and Romans as being sacred to the hero and demigod Hercules/Heracles. Like its namesake and patreon, our trading bot is decisive in its trades.
Identity
Vesuvius is designed with a focus on a high success rate. It is less aggressive than some other trading strategies. It is more conservative in picking its entry points than the high-risk high-reward bots. When Vesuvius is entered in a trade, it keeps wider margins than a low drawdown strategy to allow for more market fluctuations. Trading the biggest cryptomarket, Bitcoin (BTC), this strategy benefits from relatively stable markets which creates less risk. Because of these characteristics Vesuvius is an excellent low risk strategy.
Strategy
When markets get close to their (temporary) bottoms after a strong decline, they frequently display a very specific pattern, the Enigma indicator. Vesuvius is looking for a fast and strong recovery. After the bot identifies this behaviour in the market, it confirms if the conditions are right for buying by using our proprietary price based indicator, the Myopic. After these pricedips, prices will generally increase for a period. Because the length of this period is impossible to determine, Vesuvius closes the position when the increase of price slows down to protect the profit. Vesuvius is set up to be more restrictive in both the Enigma and Myopic indicators, resulting in a less aggressive trading profile. It allows more play for negative margins, meaning the bot will keep a position open for longer to capitalise on recoveries. This allows Vesuvius to have a higher success rate.
Tip from Seismic!
Do you like this strategy profile, but want a bot that trades Ethereum (ETH) instead? Have a look at San Andreas Fault! San Andreas Fault uses the same strategy but trades Ethereum (ETH).
Technical Data
Asset: Bitcoin (BTC) – USDT
Risk profile: Low risk
Development focus: High success rate
AVG trades per month: 2.8
Max drawdown: -30%
Success rate: 67%
Annualised return: 19%
(For use by phone)
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