As reported by BitPush, a user built a Polymarket bot to automate trading on the BTC 15-minute UP/DOWN market. The bot uses a two-leg strategy to detect sharp price drops and hedge positions. In a four-day backtest with conservative parameters, the bot achieved an 86% return on investment (ROI), turning $1,000 into $1,869. However, more aggressive parameters led to a -50% ROI in two days, highlighting the sensitivity of the strategy to parameter selection.
Polymarket Bot Achieves 86% ROI in Backtesting
BitPushShare
Summary
A Polymarket bot targeting the BTC 15-minute UP/DOWN market achieved 86% ROI in a four-day backtest, turning $1,000 into $1,869. The strategy uses a two-leg approach to detect sharp price drops and hedge positions. More aggressive settings led to -50% ROI in two days. Traders analyzing altcoins to watch may find on-chain data useful for refining similar automated strategies.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.