Since we updated the strategy Athena on Ethereum 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 Ethereum between August 2017 and August 2022
Highlights
1369%
Net Profit
94%
Max Runup
3x
Buy & Hold
28
Trades
71% 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
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
17% Max Drawdown
At the end of 2 years, a $1000 initial capital would be $1427
Here are the trades
Trade # | Type | Date | Price | Type | Date/Time | Price | Profit % | Run-up % | Drawdown % |
1 | Buy | 21/08/2017 | $312.18 | Sell | 02/09/2017 | $323.41 | 3.6 | 26.33 | 3.81 |
2 | Buy | 08/11/2017 | $316.00 | Sell | 12/11/2017 | $285.82 | -9.55 | 4.11 | 9.55 |
3 | Buy | 14/11/2017 | $329.00 | Sell | 07/12/2017 | $385.00 | 17.02 | 56.53 | 2.31 |
4 | Buy | 12/12/2017 | $515.00 | Sell | 22/12/2017 | $594.60 | 15.46 | 67.94 | 0 |
5 | Buy | 02/01/2018 | $864.90 | Sell | 16/01/2018 | $910.00 | 5.21 | 66.49 | 6.35 |
6 | Buy | 17/07/2018 | $495.98 | Sell | 30/07/2018 | $447.11 | -9.85 | 3.93 | 11.29 |
7 | Buy | 23/02/2019 | $159.26 | Sell | 27/02/2019 | $131.70 | -17.31 | 4.23 | 17.31 |
8 | Buy | 16/03/2019 | $140.29 | Sell | 15/04/2019 | $158.11 | 12.7 | 32.49 | 6.47 |
9 | Buy | 06/05/2019 | $176.97 | Sell | 04/06/2019 | $240.14 | 35.7 | 63.09 | 6.88 |
10 | Buy | 21/06/2019 | $288.62 | Sell | 02/07/2019 | $280.01 | -2.98 | 27.09 | 2.98 |
October 2019 – October 2021
In this period of 1 major bull run and 1 bear run along with 1 recovery
13 Trades
78% Profitable
17% Max Drawdown
At the end of these 2 years, a $1000 initial capital would be $7291
Here are the trades
No | Type | Date | Price | Type | Date | Price | Profit % | max Runup | Draw down % |
1 | Buy | 26/10/2019 | $196.65 | Sell | 15/11/2019 | $181.41 | -7.75 | 0.55 | 10.39 |
2 | Buy | 30/01/2020 | $179.50 | Sell | 26/02/2020 | $245.34 | 36.68 | 60.67 | 2.38 |
3 | Buy | 30/05/2020 | $227.30 | Sell | 11/06/2020 | $232.71 | 2.38 | 11.66 | 1.01 |
4 | Buy | 22/07/2020 | $248.88 | Sell | 22/08/2020 | $387.93 | 55.87 | 79.2 | 0 |
5 | Buy | 01/09/2020 | $446.00 | Sell | 04/09/2020 | $371.48 | -16.71 | 9.61 | 16.71 |
6 | Buy | 10/10/2020 | $370.45 | Sell | 30/10/2020 | $380.52 | 2.72 | 13.57 | 2.5 |
7 | Buy | 06/11/2020 | $420.73 | Sell | 08/12/2020 | $560.00 | 33.1 | 51.09 | 0 |
8 | Buy | 16/12/2020 | $635.70 | Sell | 23/12/2020 | $578.58 | -8.99 | 6.38 | 8.99 |
9 | Buy | 27/12/2020 | $676.25 | Sell | 22/01/2021 | $1,069.42 | 58.14 | 112.69 | 0 |
10 | Buy | 25/01/2021 | $1,438.30 | Sell | 22/02/2021 | $1,655.67 | 15.11 | 42 | 16.08 |
11 | Buy | 31/03/2021 | $1,944.30 | Sell | 18/04/2021 | $2,058.00 | 5.85 | 31.06 | 3.05 |
12 | Buy | 22/04/2021 | $2,548.29 | Sell | 16/05/2021 | $3,449.27 | 35.36 | 71.59 | 17.32 |
13 | Buy | 26/07/2021 | $2,409.00 | Sell | 18/08/2021 | $2,979.29 | 23.67 | 38.44 | 10.73 |
October 2021 – August 2022
In this period of major bear run
5 Trades
80% Profitable
9% Max Drawdown
At the end of this 1 year, a $1000 initial capital would be $1573
Here are the trades
No | Type | Date | Price | Type | Date | Price | Profit % | Max Runup | Drawdown % |
1 | Buy | 23/08/2021 | $3,335.00 | Sell | 07/09/2021 | $3,143.00 | -5.76 | 20.78 | 8.45 |
2 | Buy | 08/10/2021 | $3,676.28 | Sell | 16/11/2021 | $4,461.93 | 21.37 | 32.42 | 8.3 |
3 | Buy | 22/03/2022 | $3,043.91 | Sell | 06/04/2022 | $3,210.68 | 5.48 | 17.62 | 4.05 |
4 | Buy | 15/07/2022 | $1,276.46 | Sell | 27/07/2022 | $1,435.58 | 12.47 | 30.39 | 6.68 |
5 | Buy | 28/07/2022 | $1,664.34 | Sell | 19/08/2022 | $1,818.74 | 9.28 | 21.97 | 6.31 |
Conclusion
For anyone looking to invest in ethereum, Athena is one of the top strategies if they want to avoid the high volatility of ethereum 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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- Litecoin Backtesting Results: Athena V250% Profit in 5 years, in just 28 trades. HODL returns is -86%. Invest wisely with sypto.xyz
- Solana Back-testing Results: Athena V21590% Returns in Solana in 2 years, 2x HODL and only in 13 trades. Invest in Solana with Sypto
- Polkadot Backtesting Result: Athena V2117% Returns in Polkadot with Athena Strategy by Sypto. 3x compared to HODL.
- Polygon Backtesting Results: Athena V24728% Returns in Polygon in the last 3 years, in Athena strategy by Sypto. in 20 trades only
- Avalanche Backtesting Results: Athena V21279% Returns in 2 years. 3x HODL Returns by Athena strategy of sypto
- Cardano Backtesting Results: Athena V21329% Returns in 4 years in Cardano. Only 26 Trades. 21x HODL returns.
- Ripple Backtesting Results: Athena V2476% Returns in 4 years in only 25 trades. HODL return -31%. Invest Wisely with sypto.xyz
- Ethereum backtesting results: Athena v21369% returns in 4 years, 3x compared to HODL. in 28 trades only. Invest Wisely with sypto.xyz
- Bitcoin Backtesting Results: Athena V21327% Returns in BTC in 32 trades only. 4x Returns when compared to HODL. Invest wisely with sypto
Checkout other coins
- Litecoin Backtesting Results: Athena V250% Profit in 5 years, in just 28 trades. HODL returns is -86%. Invest wisely with sypto.xyz
- Solana Back-testing Results: Athena V21590% Returns in Solana in 2 years, 2x HODL and only in 13 trades. Invest in Solana with Sypto
- Polkadot Backtesting Result: Athena V2117% Returns in Polkadot with Athena Strategy by Sypto. 3x compared to HODL.
- Polygon Backtesting Results: Athena V24728% Returns in Polygon in the last 3 years, in Athena strategy by Sypto. in 20 trades only
- Avalanche Backtesting Results: Athena V21279% Returns in 2 years. 3x HODL Returns by Athena strategy of sypto
- Cardano Backtesting Results: Athena V21329% Returns in 4 years in Cardano. Only 26 Trades. 21x HODL returns.