I Wish Someone Told Me This About Bitsgap's Trailing Down & Backtesting Features.

I Wish Someone Told Me This About Bitsgap's Trailing Down & Backtesting Features.
Please note, at the point, I explain the trailing down feature and backtesting issue, I accidentally am referencing the wrong price. Lower price instead of the stop trailing down price of 2.547. However, if you take a look below 2.547, you will notice trades that should not have been executed.

The title says it all.

I like to make informed decisions and ones that are backed with data at all times.

Otherwise.

It's just a wild guess.

I thought the data within Bitsgap was a true and accurate representation of the settings I was putting into the bot.

However, after a deep analysis of poor-performing bots, I have found a few flaws within the Bitsgap trailing down and Backtesting features.

Since my journey, I have lost out twice.

Once to the tune of 10k.

and,

My most recent loss comes in at a tidy sum of 6k.

In total 16k.

Most of which, I think comes down to these two features as I commenced using them heavily after my first 10 days.

As I said in my earlier videos, poor performance or a loss is an opportunity to learn and to solidify a stronger understanding and strategy moving forward.  

This one is a huge learning for me.

As always.

Safe trading.

Simon

Disclaimer: I do not provide tax, legal, accounting, or investment advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, accounting investment advice. You should consult your own tax, legal, accounting, and investment advisors before engaging in any transaction.