Profitability of Algoverse strategies

Recently Algoverse readymade strategies are making huge losses continuously. Can we really trust iits capabilities yo generate profit on consistent basis over a longer term?Are you doing any modifications to make it more profitable?

Hello @REMESH_KRI_1840196 , thank you for writing to us.

I will try and answer your query in 2 parts:

  1. Any modification in the ready-made strategies requires an explicit approval from the exchange. We’re constantly working towards getting more and more ready-made strategies onboarded so that our users get a plethora of strategies at their disposal. Be rest assured, we’re working on all of it.
  2. Strategies at the end of the day will depend on how the market is playing out, and as we all know, lately it’s been super volatile. So this might have certain impact on the outcome too.

You can also try creating your own strategies, backtest it and then deploy. We’re trying to make that better and seamless too.

Thanks,

Aniruddho Ghosh