Battle of the Bots #1 has started today. If you are unfamiliar with it, it is the fight of up to 10 strategies on the cryptocurrency markets to see who performs best. For this first round we have a total price pool of 1000 USD and 100,000 XEN.

The rules are simple. From all submissions we pick the 10 best performing strategies, judged by the (previously unknown) backtesting interval from March 6th to April 6th of this year. Trading happens on the symbol ETC/USDT on Binance and each algorithm starts with 100 USDT.

Unfortunately many submissions did not make any trades in the specified interval and are therefore disqualified from partaking in the competition. We also had some strategies error out for various reasons, and ended up with 5 strategies that were deployed to the live market shortly before midnight UTC on Sunday the 14th of April.

At midnight we saw the first actions from three out of the five algorithms buying some ethereum classic. As of 2:00 am UTC, those have made about a 1% gain, so they take the lead as of now.

Status of the bots that have bought today.

Ranking

Yash, JGreen, Shuvro — portfolio value of about 101 USDT Brenton, Terje — portfolio value of 100 USDT

If we see a bull market in the next month this could have been a good buy. Let’s see what the future brings, but a month is a long time, so let’s not get ahead of ourselves.

We will be updating regularly on the performance of the bots and also discuss some of the strategies that have been submitted.