Bitcoin Backtesting Results: Athena V2

1327% Returns in BTC in 32 trades only. 4x Returns when compared to HODL. Invest wisely with sypto

Since we updated the strategy Athena on bitcoin and other top 5 coins in the market. I wanted to share the detailed backtesting results to give more clarity to the users on what to expect going forward.

Here’s how the strategy has performed on bitcoin between August 2017 and August 2022

Highlights

1327%
Net Profit

95%
Max Runup

4x
Buy & Hold

32
Trades

53% Profitable

It is difficult to comprehend the 5 years data at a glance, with no real understanding of what really happened. Thus below I have broken it down into smaller parts of Bear and Bull markets of 2 years each. Let’s see

August 2017 – August 2019

Bitcoin performance August 2017 - August 2019, Bitcoin rose from $3000 levels to $20000, then came back to $3000 and went up till $14000 levels.
Bitcoin rose from $3000 levels to $20000, then came back to $3000 and went up till $14000 levels.

In this period of 1 and a half bull runs and a huge bear market let’s see how Athena has performed.

10 Trades

60% Profitable

8% Max Drawdown

At the end of 2 years, a $1000 initial capital would be $5461

Here are the trades

TradeTypeDatePriceTypeDatePriceProfit %Run-up %Drawdown %
1Buy29/08/2017$4,485.39Sell04/09/2017$4,124.54-8.0510.128.05
2Buy10/10/2017$4,939.19Sell10/11/2017$6,651.0034.6657.314.64
3Buy16/11/2017$7,770.02Sell21/12/2017$14,666.5688.76154.814.48
4Buy17/07/2018$6,818.16Sell01/08/2018$7,696.0012.8824.550
5Buy21/09/2018$6,584.99Sell11/10/2018$6,430.00-2.353.863.95
6Buy15/10/2018$6,715.60Sell25/10/2018$6,505.55-3.1314.363.13
7Buy08/02/2019$3,720.00Sell27/02/2019$3,712.66-0.212.854.08
8Buy02/04/2019$4,198.00Sell25/04/2019$5,146.8022.633.40
9Buy03/05/2019$5,600.00Sell04/06/2019$8,005.0042.9562.040.22
10Buy16/06/2019$9,074.26Sell01/07/2019$10,525.1015.9953.951.37

November 2019 – October 2021

Bitcoin performance - November 2019 - October 2021, Bitcoin rose from $4000 levels to $64000, then came back to $32000 and went up till $52000 levels.
Bitcoin rose from $4000 levels to $64000, then came back to $32000 and went up till $52000 levels.

In this period of 1 major bull run and 1 bear run along with 1 recovery

15 Trades

66% Profitable

8.7% Max Drawdown

At the end of these 2 years, a $1000 initial capital would be $3475

Here are the trades

No.TypeDatePriceTypeDatePriceProfit %Run-Up %Drawdown
1Buy25/10/2019$8,779.51Sell08/11/2019$8,913.001.5218.123.52
2Buy06/01/2020$7,695.38Sell23/01/2020$8,466.0010.0119.540.3
3Buy28/01/2020$9,198.98Sell16/02/2020$9,667.115.0914.141.15
4Buy23/04/2020$7,459.69Sell10/05/2020$8,522.0014.2434.950.96
5Buy01/06/2020$9,950.00Sell11/06/2020$9,365.21-5.884.326.87
6Buy22/07/2020$9,470.00Sell22/08/2020$11,531.2321.7731.660.31
7Buy10/10/2020$11,179.79Sell26/11/2020$17,214.4553.9874.280.07
8Buy30/11/2020$19,484.21Sell09/12/2020$18,001.12-7.612.077.61
9Buy16/12/2020$19,888.00Sell21/01/2021$32,380.0062.81110.930
10Buy08/02/2021$41,950.00Sell23/02/2021$45,570.798.6339.10
11Buy13/03/2021$58,352.80Sell23/03/2021$53,271.34-8.715.988.71
12Buy10/04/2021$60,200.00Sell18/04/2021$57,900.01-3.827.733.82
13Buy26/07/2021$36,600.00Sell05/08/2021$37,642.032.8516.390.59
14Buy06/08/2021$42,599.00Sell07/09/2021$46,512.009.1924.230.36
15Buy08/09/2021$46,868.57Sell20/09/2021$43,370.00-7.464.217.46

October 2021 – August 2022

Bitcoin performance - October 2021 - August 2022, This 1 year was the bear market, with some recoveries but not very promising
This 1 year was the bear market, with some recoveries but not very promising

In this period of major bear run

7 Trades

14% Profitable

35% Max Drawdown

At the end of this 1 year, a $1000 initial capital would be $650

Here are the trades

NoTypeDatePriceTypeDatePriceProfit(%)RunUpDrawdown
26Buy03/10/2021$48,843.20Sell27/10/2021$59,510.6321.8437.174
27Buy08/11/2021$67,000.00Sell16/11/2021$62,278.00-7.052.997.05
28Buy07/02/2022$44,500.00Sell17/02/2022$41,550.56-6.632.976.63
29Buy27/03/2022$45,400.00Sell06/04/2022$44,200.00-2.646.152.64
30Buy08/07/2022$21,888.00Sell13/07/2022$19,304.40-11.82.9212.1
31Buy18/07/2022$22,527.37Sell26/07/2022$20,762.45-7.837.777.83
32Buy29/07/2022$24,276.74Sell19/08/2022$23,180.40-4.523.857.73

Conclusion

For anyone looking to invest in bitcoin, Athena is one of the top strategies if they want to avoid the high volatility of bitcoin and choose a more smoother road to their crypto investments.
Athena is LONG ONLY, doesn’t use leverage. Works on SPOT Market thus relatively lower risk.

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