MyITS is a smart quantitative trading bot that uses APIs to buy and sell on exchanges.
Many users might often ask, "Why does MyITS show a profit, but the money in my exchange account seems less?"
To explain this, we need to understand a few points:
Profit Record: MyITS shows profits generated through quantitative trading strategies.
Asset Value: The exchange shows the current value of your held assets.
MyITS's strategy involves dividing your assets into multiple small trades to buy low and sell high frequently. Therefore, the value of your assets in the exchange might sometimes appear less than the profit record. This happens because asset values fluctuate with market prices.
Let's take an example of trading gold with MyITS:
The gold price is $50 per gram. You buy 2 grams for $100.
When the price drops to $40 per gram, you buy another 2.5 grams for $100.
Now, you own 4.5 grams of gold, having spent $200. However, due to the market drop, the value of your 4.5 grams at $40 per gram is only $180. So, it seems your asset value has "temporarily" decreased. But when the price rises back to $50 per gram, your asset value will be 4.5 * 50 = $225.
After selling, the profit of $25 (minus the initial investment) will be recorded in MyITS’s ‘Profit Account’.
Due to multiple purchases and market fluctuations, there will be floating gains and losses. This kind of "floating loss" is common in quantitative trading and should not cause concern. As market prices rise, the value of your assets will reflect the actual profit. However, the real profit is realized only upon selling.
Through MyITS’s high-frequency quantitative trading strategy, in the long run, you can capture more profit opportunities in market fluctuations, thereby increasing the value of your assets.
To calculate the profit from MyITS:
Deduct the "available balance" in MyITS from the USDT in the exchange. This shows the net profit from MyITS strategies.
