Disclaimer: The information from this article and analysis is for informational purposes only.  It is not intended to be an investment or financial advice.  Seek a duly licensed professional for investment advice.

A new analysis of our adventure looking for a smart passive income system is ready. Check the first part, where we got an excellent 6.04% profit in one month. This time, it hasn't worked so well, we have ended with -4.9%. We are still profitable, but we have to analyze and learn what happened.

Balance

Our balance for the last 30 days cycle. If you check the balance from the previous analysis you will see that we have added more funds to this account, so it has started the period with ฿0.96. The account went as low as ฿0.89 and ended at ฿0.92. The good thing is, even when my BTC balance has fallen, my USD balance has grown, but still, I wasn't able to reserve any amount, so I still only have Ⓢ41.86 reserved from the first cycle.

This cycle we had some issues that we took care of and won't affect the next one, improving our results, so I'm positive about the possibilities of getting a real passive income system

Big Bags

The last period we ended with several bags of coins with higher losses that had to be closed manually during this cycle.

This losses were attributed to this cycle.
With the insights that we got from our last analysis we tuned our settings a little bit (Time Based Autoclose and Stop-Loss), and now we don't have so long positions.
There is no problem with having bags of coins, but I prefer to take the loss and set free that balance for other new positions.

Incidence

The last weekend of Jan we had a critical incidence in Zignaly that affected many of the positions that we had, causing some losses.

Position Size

Once we extract some insights from the previous analysis, we modified our settings a little bit. We miscalculated the number of allowed concurrent positions, the number of DCA targets and some other stuff. The first days the account didn't work very well for lack of funds.

BNB Balance

This account ran out of BNBs for ten days. If you run out of BNB, your fee is paid with part of your bought amount in each trade, which makes you sell less than you bought. Also, if you pay the fees with BNB, you'll have a 25% discount (check BNB fees table). It doesn't look much, but you'll see later how much we paid on fees.

Analysis

Remember that you can download the CSV from your Closed Position section. We have included some extra fields there to help us to analyze our results:

  • originalBuyingPrice: This is the price at which you opened the position. This price can be different from the buyAvgPrice if you are using DCAs.
  • maxPriceBeforeClose: If you are using Trailing Stop, or Stop Loss closed the position, then this value will be different from the sellAvgPrice.
  • takeProfitTargetsCompleted: Total take profits targets completed.
  • dcaTargetsCompleted: Total DCA targets completed (I used this data point to analysis positions where the DCA was activated at least once).

Total Positions

This month we closed 2,221 positions. If you remember last month, we closed 1,342. This month we had like five times more balance, but we have used DCA and increased the position size, so we didn't have a proportional increase in positions.

Total Wins

1,992, which means 89.73% wins. Less than last month, but still a terrific (and meaningless) data point.
349 of those wins were with DCA. We can assume that most of our losses (228) were with DCA too.

Profit

Our BTC earned, from the positions analysis during this cycle was -฿0.05317102.

Looking at the positions where the DCA was triggered at least one, the profits from them is -฿0.08930198.  We just saw that we had 349 wins with DCAs and only 228 losses with DCA, but our average gain from wins is 1.17%, while our average profit from losses is -5.55%.
Let's make a quick example.


Position size: 1
Position size after DCA: 2
Total invested from wins: 349 x 2 = 698
Total invested from losses: 228 x 2 =459
Profit from wins (1.17%): 8.16
Profit from losses (-5.55%): 25.47
Final Balance: 8.16 - 25.47 = −17.30.

We also paid in fees a total of ฿0.03953725. We could have reduced this amount if we wouldn't have run out of BNBs.

Averages

  • Closing time: 14h (the longer one was 383h, but we weren't using Stop Loss or Time Based Autoclose).
  • Net profit from wins: 1.02% (1.17% without counting fees).
  • Exit from losses: -5.55%

Volume

Our total trading volume is ฿51. It would be interesting to reach ฿100 (and 50BNB balance) to get another discount on our fees.

Analysis per provider

Now we'll show which provider did we use and how the performed individually.

CQS Scalping Free

More information about CQS Scalping Free

It hasn't worked this month, but I'll keep it because I think tuning some settings can make it profitable. Also, it adds volume which is interesting to reach my next level on Binance.

  • Total positions: 635
  • BTC Profit: -0.01329215
  • BTC Total Fees: 0.01155993
  • Total wins: 580
  • Total Losses: 55
  • Total wins with DCA: 121
  • BTC Profit from DCA: -0.02016081
  • Wins Percentage: 91.34%
  • Longer closing time from wins: 383 hours
  • Average closing time from wins: 15 hours
  • Average net profit percentage from wins: 1.1%
  • Average total profit percentage from wins: 1.25%
  • Average exit percentage from losses: -6.41%
  • Wins that fell less than 0.5%: 142
  • Wins that fell less than 1%: 235
  • Wins that fell less than 2%: 367
  • Wins that fell less than 3%: 474
  • Wins that fell less than 5%: 549
  • Wins that fell less than 8%: 569
  • Wins that fell less than 10%: 574
  • Wins that fell less than 16%: 580
  • Wins closed before 5h:  342
  • Wins closed before 10h: 408
  • Wins closed before 15h: 452
  • Wins closed before 20h: 470
  • Wins closed before 25h: 488
  • Wins closed before 30h: 498
  • Wins closed before 40h: 517
  • Wins closed before 50h: 531
  • Wins closed before 60h: 545
  • Wins closed before 70h: 550
  • Total BTC Volume: 15.13047981

Entrix Signals

More information about Entrix Signals, click on the link.

It's pretty similar to CQS Scalping, CQS Scalping signal is working better for me because my take profit target is higher there than here. It requires time to discover better settings.

  • Total positions: 689
  • BTC Profit: -0.03927721
  • BTC Total Fees: 0.01078251
  • Total wins: 631
  • Total Losses: 58
  • Total wins with DCA: 70
  • BTC Profit from DCA: -0.04445963
  • Wins Percentage: 91.58%
  • Longer closing time from wins: 239 hours
  • Average closing time from wins: 9 hours
  • Average net profit percentage from wins: 0.81%
  • Average total profit percentage from wins: 0.96%
  • Average exit percentage from losses: -5.94%
  • Wins that fell less than 0.5%: 135
  • Wins that fell less than 1%: 250
  • Wins that fell less than 2%: 388
  • Wins that fell less than 3%: 474
  • Wins that fell less than 5%: 554
  • Wins that fell less than 8%: 605
  • Wins that fell less than 10%: 613
  • Wins that fell less than 16%: 626
  • Wins closed before 5h:  465
  • Wins closed before 10h: 518
  • Wins closed before 15h: 540
  • Wins closed before 20h: 552
  • Wins closed before 25h: 566
  • Wins closed before 30h: 574
  • Wins closed before 40h: 581
  • Wins closed before 50h: 587
  • Wins closed before 60h: 601
  • Wins closed before 70h: 605
  • Total BTC Volume: 14.88291463

Crypto Base Scanner

More information about Crypto Base Scanner

A promising provider that didn't work for me, but it was entirely my fault. First I used DCA when the provider doesn't tell anything about it, second, I did a kind of experiment, enabling a trailing stop for the second take profit target, but I can see in my average profit from wins, that it's lower than my first take profit target. I have made some modifications to my initial settings, and we'll see how it performs during the next month.

  • Total positions: 35
  • BTC Profit: -0.00744276
  • BTC Total Fees: 0.00118715
  • Total wins: 29
  • Total Losses: 6
  • Total wins with DCA: 2
  • BTC Profit from DCA: -0.02160313
  • Wins Percentage: 82.86%
  • Longer closing time from wins: 118 hours
  • Average closing time from wins: 27 hours
  • Average net profit percentage from wins: 2.76%
  • Average total profit percentage from wins: 2.88%
  • Average exit percentage from losses: -6.67%
  • Wins that fell less than 0.5%: 7
  • Wins that fell less than 1%: 8
  • Wins that fell less than 2%: 19
  • Wins that fell less than 3%: 22
  • Wins that fell less than 5%: 29
  • Wins that fell less than 8%: 29
  • Wins that fell less than 10%: 29
  • Wins that fell less than 16%: 29
  • Wins closed before 5h:  6
  • Wins closed before 10h: 12
  • Wins closed before 15h: 14
  • Wins closed before 20h: 15
  • Wins closed before 25h: 17
  • Wins closed before 30h: 20
  • Wins closed before 40h: 24
  • Wins closed before 50h: 25
  • Wins closed before 60h: 25
  • Wins closed before 70h: 25
  • Total BTC Volume: 1.98426661

Wavetrend Signals

More information about Wavetrend Signals

Wavetrend is a strong candidate for achieving passive income. It gives you detailed recommendations regarding which settings work better with their signals. It places take profit targets above 1% (several at 5%).  Also, it has been the only during that cycle that has been profitable.

  • Total positions: 327
  • BTC Profit: 0.00484326
  • BTC Total Fees: 0.01358716
  • Total wins: 262
  • Total Losses: 65
  • Total wins with DCA: 36
  • BTC Profit from DCA: 0.00041713
  • Wins Percentage: 80.12%
  • Longer closing time from wins: 190 hours
  • Average closing time from wins: 15 hours
  • Average net profit percentage from wins: 1.33%
  • Average total profit percentage from wins: 1.5%
  • Average lower percentage before exiting from losses: -5.25%
  • Wins that fell less than 0.5%: 70
  • Wins that fell less than 1%: 117
  • Wins that fell less than 2%: 190
  • Wins that fell less than 3%: 233
  • Wins that fell less than 5%: 257
  • Wins that fell less than 8%: 25
  • Wins that fell less than 10%: 258
  • Wins that fell less than 16%: 258
  • Wins closed before 5h:  120
  • Wins closed before 10h: 168
  • Wins closed before 15h: 189
  • Wins closed before 20h: 201
  • Wins closed before 25h: 210
  • Wins closed before 30h: 214
  • Wins closed before 40h: 225
  • Wins closed before 50h: 235
  • Wins closed before 60h: 241
  • Wins closed before 70h: 244
  • Total BTC Volume: 16.68556192

Open Positions

This cycle we have controlled much better our open positions, not having a lot of bags with huge losses.

We are going to introduce some modifications to delimit them even more.

How to make passive income

After our second month, we are still profitable, but we have suffered a step back. We'll keep working in our system. The idea is to leave the system work for 30 days, analyze results to get insights, use those insights to modify the system and then watch it again for another 30 days cycle.

Final

How is working your system? Any recommendation for us?