Since we updated the strategy Athena on Polygon and other top 5 coins in the market, I wanted to share the detailed back-testing results to give more clarity to the users on what to expect going forward.
Here’s how the strategy has performed on Polygon / Matic between April 2019 and August 2022
Highlights
4728%
Net Profit
98%
Max Runup
20
Trades
55%
Trades Profitable
806% Largest winning trade
It might be difficult to comprehend the 3 years worth data at a glance, with no real understanding of what really happened. Thus below I have broken it down into two smaller parts to make it more insightful.
April 2019 – January 2021
During this whole period that largely remained flat for Matic, let’s see how Athena performed on it.
10 Trades
50%
Profitable
33% Max Drawdown
At the end of this period, a $1000 initial capital would have grown to $1885
Here are the trades
| Trade | Type | Date | Price | Type | Date | Price | Profit % | Run-up % | Drawdown % |
| 1 | Buy | 14/05/2019 | $0.0106 | Sell | 30/05/2019 | $0.0205 | 93.4 | 324.53 | 33.49 |
| 2 | Buy | 10/10/2019 | $0.0149 | Sell | 23/10/2019 | $0.0128 | -14.09 | 18.52 | 14.09 |
| 3 | Buy | 23/11/2019 | $0.016 | Sell | 10/12/2019 | $0.0248 | 55 | 166.88 | 7.19 |
| 4 | Buy | 02/02/2020 | $0.0193 | Sell | 16/02/2020 | $0.0194 | 0.52 | 30.47 | 2.28 |
| 5 | Buy | 03/03/2020 | $0.023 | Sell | 09/03/2020 | $0.0187 | -18.7 | 27.04 | 18.7 |
| 6 | Buy | 23/04/2020 | $0.0141 | Sell | 10/05/2020 | $0.0156 | 10.64 | 31.28 | 0 |
| 7 | Buy | 13/05/2020 | $0.0186 | Sell | 07/06/2020 | $0.0195 | 4.84 | 44.89 | 2.15 |
| 8 | Buy | 13/07/2020 | $0.023 | Sell | 24/07/2020 | $0.0199 | -13.48 | 3.7 | 13.48 |
| 9 | Buy | 10/08/2020 | $0.0239 | Sell | 22/08/2020 | $0.0237 | -0.84 | 35.48 | 8.37 |
| 10 | Buy | 17/11/2020 | $0.018 | Sell | 26/11/2020 | $0.0162 | -10 | 32.78 | 10 |
February 2021 – August 2022
Let’s visualize the performance of Athena on Matic during this period involving 1 major bull & a bear run.
10 Trades
60% Profitable
23% Max Drawdown
171% Avg Profit
-15% Avg Loss
At the end of this 1.5 year, a $1000 initial capital would have become $25428
Here are the trades
| No. | Type | Date | Price | Type | Date | Price | Profit % | Run-Up % | Drawdown |
| 1 | Buy | 04/01/2021 | $0.0209 | Sell | 22/01/2021 | $0.0287 | 37.32 | 92.97 | 0 |
| 2 | Buy | 26/01/2021 | $0.038 | Sell | 22/03/2021 | $0.3445 | 806.58 | 1330.11 | 5.32 |
| 3 | Buy | 13/04/2021 | $0.424 | Sell | 18/04/2021 | $0.3475 | -18.04 | 10.23 | 18.04 |
| 4 | Buy | 26/04/2021 | $0.4674 | Sell | 23/05/2021 | $1.0344 | 121.31 | 477.66 | 0 |
| 5 | Buy | 04/09/2021 | $1.7 | Sell | 07/09/2021 | $1.301 | -23.47 | 5.76 | 23.47 |
| 6 | Buy | 15/10/2021 | $1.44 | Sell | 09/11/2021 | $1.809 | 25.62 | 54.17 | 2.29 |
| 7 | Buy | 01/12/2021 | $1.967 | Sell | 03/01/2022 | $2.406 | 22.32 | 48.6 | 21.35 |
| 8 | Buy | 28/03/2022 | $1.699 | Sell | 06/04/2022 | $1.559 | -8.24 | 3 | 8.24 |
| 9 | Buy | 13/07/2022 | $0.631 | Sell | 26/07/2022 | $0.745 | 18.07 | 56.09 | 2.87 |
| 10 | Buy | 29/07/2022 | $0.9849 | Sell | 18/08/2022 | $0.8706 | -11.61 | 7.07 | 13.9 |
Conclusion
For anyone looking to invest in Polygon, Athena is one of the top strategies. It helps you avoid the high volatility while choosing a more smoother road to crypto investments.
Athena is LONG ONLY strategy that doesn’t uses leverage. It works on SPOT Market & thus has relatively lower risk.
Still Waiting on the sidelines?
Start investing in crypto today with sypto.xyz
Connect with sypto team and see how we can help you invest better in crypto.
- Litecoin Backtesting Results: Athena V2
50% Profit in 5 years, in just 28 trades. HODL returns is -86%. Invest wisely with sypto.xyz - Solana Back-testing Results: Athena V2
1590% Returns in Solana in 2 years, 2x HODL and only in 13 trades. Invest in Solana with Sypto - Polkadot Backtesting Result: Athena V2
117% Returns in Polkadot with Athena Strategy by Sypto. 3x compared to HODL. - Polygon Backtesting Results: Athena V2
4728% Returns in Polygon in the last 3 years, in Athena strategy by Sypto. in 20 trades only - Avalanche Backtesting Results: Athena V2
1279% Returns in 2 years. 3x HODL Returns by Athena strategy of sypto - Cardano Backtesting Results: Athena V2
1329% Returns in 4 years in Cardano. Only 26 Trades. 21x HODL returns. - Ripple Backtesting Results: Athena V2
476% Returns in 4 years in only 25 trades. HODL return -31%. Invest Wisely with sypto.xyz - Ethereum backtesting results: Athena v2
1369% returns in 4 years, 3x compared to HODL. in 28 trades only. Invest Wisely with sypto.xyz - Bitcoin Backtesting Results: Athena V2
1327% Returns in BTC in 32 trades only. 4x Returns when compared to HODL. Invest wisely with sypto