UnTrade’s BARS 3X: A New Supercharged Algorithm on Bitcoin

cryptonews.com:

UnTrade is excited to announce the launch of BARS 3X, an upgraded version of our popular BARS strategy. A more leveraged version of our flagship algorithm BARS. Before we dive into the details of this new offering, let’s revisit what made the original BARS strategy so successful.

BARS has been one of UnTrade’s top-performing algorithms since its inception. Here are some key highlights:

These results have made BARS a favorite among our users, consistently outperforming Bitcoin benchmarks and providing steady returns even in volatile market conditions.

Building on the success of BARS, we’ve developed BARS 3X. This new strategy takes the core principles of BARS and applies 3X leverage, aiming to amplify returns while maintaining a balanced risk profile.

When we developed BARS 3X, we expected both profits and drawdowns to triple. However, our 4-year backtesting data revealed some unexpected outcomes:

This asymmetry between risk and reward is due to the power of compounding over time, especially when dealing with higher leverage.

BARS 3X: Recent Results Speak Volumes

The recent launch of BARS 3X has already shown promising results in its first month of live trading. From July 14, 2024 to August 11, 2024, BARS 3X demonstrated its potential to significantly outperform the market. Starting with an initial investment of $1000, the strategy grew to $1675.4 in just one month, representing an impressive 67.5% return on investment. This performance is particularly noteworthy when compared to Bitcoin’s performance over the same period, which saw a slight decrease of -0.002%.

The strategy’s value peaked at $1753.7 on August 3, 2024, showcasing its ability to capitalize on market movements. While past performance doesn’t guarantee future