Nordic Crypto Blackbox is a proprietary, rule-based algorithmic tool that auto-generates entry and exit signals in cryptocurrencies. The 2018 performance benchmarked against a buy and hold position in Bitcoin, were all profitable with a 19% annual profit and loss on long positions and 88% on short positions. Alpha 2 and 3 are short term automated trading algorithms that on average generate one trade per week, per coin.
The performance illustrated in the chart shows how our Alpha 2 algorithm generates positive returns of 92% and 84% on short positions in Ethereum and Bitcoin against the USD. Long positions remained profitable in spite of the 83% price drop in Bitcoin, as indicated by 1%-31% profit and loss.
Overall, the Blackbox’s performance proves its ability to perform despite the unfavourable conditions of the market and demonstrates institutional grade risk management capabilities.