Ethereum backtesting results: Athena v2

1369% returns in 4 years, 3x compared to HODL. in 28 trades only. Invest Wisely with sypto.xyz

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

Ethereum Performance 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.

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 #TypeDatePriceTypeDate/TimePriceProfit %Run-up %Drawdown %
1Buy21/08/2017$312.18Sell02/09/2017$323.413.626.333.81
2Buy08/11/2017$316.00Sell12/11/2017$285.82-9.554.119.55
3Buy14/11/2017$329.00Sell07/12/2017$385.0017.0256.532.31
4Buy12/12/2017$515.00Sell22/12/2017$594.6015.4667.940
5Buy02/01/2018$864.90Sell16/01/2018$910.005.2166.496.35
6Buy17/07/2018$495.98Sell30/07/2018$447.11-9.853.9311.29
7Buy23/02/2019$159.26Sell27/02/2019$131.70-17.314.2317.31
8Buy16/03/2019$140.29Sell15/04/2019$158.1112.732.496.47
9Buy06/05/2019$176.97Sell04/06/2019$240.1435.763.096.88
10Buy21/06/2019$288.62Sell02/07/2019$280.01-2.9827.092.98

October 2019 – October 2021

Ethereum performance - October 2019 - October 2021 - In this period of 1 major bull run and 1 bear run along with 1 recovery

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

NoTypeDatePriceTypeDatePriceProfit %max RunupDraw down %
1Buy26/10/2019$196.65Sell15/11/2019$181.41-7.750.5510.39
2Buy30/01/2020$179.50Sell26/02/2020$245.3436.6860.672.38
3Buy30/05/2020$227.30Sell11/06/2020$232.712.3811.661.01
4Buy22/07/2020$248.88Sell22/08/2020$387.9355.8779.20
5Buy01/09/2020$446.00Sell04/09/2020$371.48-16.719.6116.71
6Buy10/10/2020$370.45Sell30/10/2020$380.522.7213.572.5
7Buy06/11/2020$420.73Sell08/12/2020$560.0033.151.090
8Buy16/12/2020$635.70Sell23/12/2020$578.58-8.996.388.99
9Buy27/12/2020$676.25Sell22/01/2021$1,069.4258.14112.690
10Buy25/01/2021$1,438.30Sell22/02/2021$1,655.6715.114216.08
11Buy31/03/2021$1,944.30Sell18/04/2021$2,058.005.8531.063.05
12Buy22/04/2021$2,548.29Sell16/05/2021$3,449.2735.3671.5917.32
13Buy26/07/2021$2,409.00Sell18/08/2021$2,979.2923.6738.4410.73

October 2021 – August 2022

Ethereum Performance - October 2021 - August 2022 - In this period of major bear run

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

NoTypeDatePriceTypeDatePriceProfit %Max RunupDrawdown %
1Buy23/08/2021$3,335.00Sell07/09/2021$3,143.00-5.7620.788.45
2Buy08/10/2021$3,676.28Sell16/11/2021$4,461.9321.3732.428.3
3Buy22/03/2022$3,043.91Sell06/04/2022$3,210.685.4817.624.05
4Buy15/07/2022$1,276.46Sell27/07/2022$1,435.5812.4730.396.68
5Buy28/07/2022$1,664.34Sell19/08/2022$1,818.749.2821.976.31

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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