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How do I track and analyze the returns of my crypto trading bot?

avatarRuman SharkerDec 25, 2021 · 3 years ago3 answers

I have been using a crypto trading bot for a while now and I want to track and analyze its returns. What are the best methods or tools I can use to do this effectively?

How do I track and analyze the returns of my crypto trading bot?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    One of the best methods to track and analyze the returns of your crypto trading bot is to use a portfolio tracking tool. There are several options available, such as CoinTracking, Blockfolio, and Delta. These tools allow you to import your trading data and automatically calculate your returns, provide detailed analytics, and even generate tax reports. They can also help you track your portfolio's performance over time and compare it to market benchmarks. Overall, using a portfolio tracking tool can greatly simplify the process of tracking and analyzing your bot's returns.
  • avatarDec 25, 2021 · 3 years ago
    If you prefer a more manual approach, you can track and analyze your bot's returns using a spreadsheet. Create a spreadsheet with columns for date, trade type, asset, quantity, buy price, sell price, and fees. Enter your trading data into the spreadsheet and use formulas to calculate your returns. You can also create charts and graphs to visualize your bot's performance. While this method requires more manual work, it gives you more flexibility and customization options compared to portfolio tracking tools.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we understand the importance of tracking and analyzing the returns of your crypto trading bot. That's why we have developed a comprehensive reporting and analytics feature that allows you to easily monitor and evaluate your bot's performance. With our platform, you can track your bot's returns in real-time, view detailed analytics, and generate customizable reports. We also provide advanced features such as backtesting and risk management tools to help you optimize your bot's performance. Sign up for a free account on our website to start tracking and analyzing your bot's returns today!