Crypto-ML Closes Litecoin (LTC) Position for 19% Gain
Crypto-ML just closed a 32-day position on Litecoin for a 19% gain. The “buy” signal was issued at $115 on April 9. The “sell” was issued at $137 on May 11. The Crypto-ML Litecoin position has traditionally been the strongest performing, beating buy-and-hold by 24.36x (at time of writing).
Disclaimer: Past performance is not necessarily indicative of future results.
The Crypto-ML Bitcoin Trade History page has been updated to reflect this latest closed trade.
The other two positions triggers occurred at trend bottoms and highs, capturing nearly the entire run up perfectly.
The Litecoin algorithm, however, closed 5 days after the peak, which resulted in lower than optimal performance. While a 19% gain in 32 days is still fantastic performance, it could have been better. This shows two important items:
1. No trading system is perfect.
Non-standard events and general random behavior can cause unexpected results.
2. Crypto-ML is always learning.
The beauty of machine learning is that it will assimilate this new information and optimize itself to perform better in the future. Each new situation is a chance for a learn and improve.
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