Covesting Copy Trading: October 2022 Monthly Trader Report

As we continue the PrimeXBT Monthly Trader Report aimed at highlighting top traders ranked across a variety of metrics within the Covesting copy trading module leaderboards on PrimeXBT, competition has been heating up more so than ever before.

During recent months, volatility in financial markets has been remarkable, making the accomplishments of the trades listed that much more notable and worthy of acclaim. Here is a closer look at October’s performance.

Note: The Monthly Trader Report is only a statistical display of data and should NOT be considered investment advice. Please exercise caution, and do not trade beyond your limits when deciding how much risk to take on.

Total Profits 

The PrimeXBT team collects the data on the most profitable strategies of all time. 

For what has now been many months in a row, Citadel Two has led the list of most profitable strategies of all time, with a shocking 4,026% ROI in barely 90 days active. Both the number one and number two spots are dedicated to traders with a four-star rating each. The second most profitable trader of all-time is Bitenergy, with 1,375% ROI across more than a year in the Covesting copy trading community.

The third and fourth-ranked traders each obtained a full five-star rating, which is no easy feat when also topping the top five list of all-time profits. The combination shows serious expertise and skill between Grander and BlitzKrieg Fund, who boast 909% and 766% in all time profits, respectively.

Harmony Bet, who is a relative newcomer, was able to make it into the top five in all time total profits with a substantial 409% in only a short period of time.

Strategy Name
All-time Profit
Monthly Profit
Active Days
Followers' Equity
Followers
Stars
Citadel Two
4026.92%
71.87%
87
1.95 BTC
187
4
Bitenergy
1375.84%
47.69%
505
11.85 BTC
674
4
Grander
909.82%
54.73%
54
0.8 BTC
70
5
Blitzkrieg Fund
766.73%
-37.37%
73
27.16 ETH
99
5
Harmony Bet
409.43%
409.43%
17
0 BTC
0
1

Monthly Profit

The PrimeXBT team collects the data of the most profitable strategies in October 2022 alone. 

In terms of monthly profit, the list looks a lot different. Trader Keyoro10T was able to bring themselves out of the red with 76% in monthly profits. Their all-time profits now rest at 10%, making the next month critical for keeping profits in the green.

BTCBOT was right behind with just under 66% for the month, taking their all-time profit to 274% and slowly creeping toward the top five in all-time ROI. Golden Strategy placed in third, with 63% ROI, also pulling themselves up from a negative month the month prior.

Grander, who is ranked in the top five in all-time profits added more than 54% to their staggering 909% in all-time ROI. There is a similar story with Bitenergy, who has some of the most seniority – and therefore clout – out of any other Covesting trader. Bitenergy had another successful month adding 47% to their 1391% all-time profits.

Strategy Name
All-time Profit
Monthly Profit
Active Days
Followers' Equity
Followers
Stars
Keyoro10T
10.45%
76.02%
151
0 ETH
0
2
BTCBOT
274.08%
65.98%
65
0.94 BTC
85
5
Golden Strategy
15.81%
63.09%
176
202.17 USDT
2
3
Grander
909.82%
54.73%
54
0.8 BTC
70
5
Bitenergy
1391.80%
47.71%
505
11.85 BTC
678
4

Monthly Profit Among Newcomers (less than 30 days)

The PrimeXBT team collects the data on the most profitable strategies created in October 2022. 

Newcomer Harmony Bet already got a mention in all-time total profits, but in terms of new traders enlisting to Covesting, they are at the very top of this month’s list, with 409% ROI.

Fed Set battled back against the Federal Reserve rate hikes with a shocking 392% in monthly profit. Long game did nearly the same performance during the month, with 381%.

New user 1way2go took in more than 200% ROI in their debut on Covesting, and Moon Soon had more than 126% to show for a full week of trading at PrimeXBT Covesting.

Strategy Name
Monthly Profit
Active Days
Followers' Equity
Followers
Stars
Harmony Bet
409.43%
17
0 BTC
0
1
Fed Set
392.61%
15
0.0017 BTC
1
1
long game
381.57%
24
0.029 BTC
7
3
1way2go
200.73%
25
1117.09 USDT
10
3
Moon Soon
126.39%
7
0.001 BTC
1
0

Maximum Win Ratio

The PrimeXBT team collects the data of the strategies filtered by maximum win ratio in October. Traders are listed in ascending order by win ratio.

There is no such thing as a flawless trader, but these traders on this list were able to have a completely flawless month, with 100% of closed trades being wins. Topping the list with the most all-time monthly across a 100% max win ratio, is Al Algorithm

OMG Yeahhhh has put in a similar performance, with 26% in monthly profit, but more all-time profit than Al Algorithm above. Salahx20041COV also had a 100% win rate, with 24% profits for the month and 36% in all-time profits.

DIPBUYER might have lived up to their name and successfully made 100% of their trades, with monthly profit to the tune of 11%. Newcomer Rab also had more than 100% max win ratio, with 7% in monthly profit and more than 21% in all-time ROI.

Strategy Name
Win Ratio
# of Orders
Monthly Profit
All-time Profit
Active Days
Followers' Equity
AI Algorithm
100.00%
13
43.34%
87.40%
50
0.1 BTC
OMG Yeahhhh
100.00%
31
26.05%
89.35%
70
0.038 BTC
Salahx20041COV
100.00%
59
24.06%
36.63%
8
0 COV
DIPBUYER
100.00%
38
11.88%
54.25%
48
0.006 BTC
Rab
100.00%
28
7.24%
21.82%
13
0 BTC

October 2022 PrimeXBT Covesting Summary

The Covesting leaderboards are filled with competition between some of the best traders across the globe, who show proven performance through transparent trading insights. The Monthly Trader Report, the Wall of Fame, interviews with Covesting traders, and more all help provide greater transparency into the peer-to-peer copy trading community and what it can offer followers. 

The competition only gets better with each passing month, creating more opportunities for followers to take advantage of. Check out the Covesting leaderboards on PrimeXBT and get a glimpse of the competition yourself. 

The Covesting copy trading module is available exclusively at PrimeXBT. What will November bring in global markets and in the leaderboards? Click here to see last month’s results.

Risk Disclaimer
Investing in or trading gold or other metals can be risky and lead to a complete loss of capital. This guide should not be considered investment advice, and investing in gold CFDs is done at your own risk.
The information provided does not constitute, in any way, a solicitation or inducement to buy or sell cryptocurrencies, derivatives, foreign exchange products, CFDs, securities, and similar products. Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of PrimeXBT. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and derivatives such as CFDs (Contracts for Difference), Non-Deliverable Bitcoin Settled Products and Short-Term Bitcoin Settled Contracts involve a high degree of risk. They require a good level of financial knowledge and experience. PrimeXBT recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued.

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