Polygon Backtesting Results: Athena V2

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

Polygon (Matic) was launched in April 2019 @ $0.003 levels. After a quick sharp upward movement it fell a bit and became rangebound while trading around $0.022 levels throughout the period.

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

TradeTypeDatePriceTypeDatePriceProfit %Run-up %Drawdown %
1Buy14/05/2019$0.0106Sell30/05/2019$0.020593.4324.5333.49
2Buy10/10/2019$0.0149Sell23/10/2019$0.0128-14.0918.5214.09
3Buy23/11/2019$0.016Sell10/12/2019$0.024855166.887.19
4Buy02/02/2020$0.0193Sell16/02/2020$0.01940.5230.472.28
5Buy03/03/2020$0.023Sell09/03/2020$0.0187-18.727.0418.7
6Buy23/04/2020$0.0141Sell10/05/2020$0.015610.6431.280
7Buy13/05/2020$0.0186Sell07/06/2020$0.01954.8444.892.15
8Buy13/07/2020$0.023Sell24/07/2020$0.0199-13.483.713.48
9Buy10/08/2020$0.0239Sell22/08/2020$0.0237-0.8435.488.37
10Buy17/11/2020$0.018Sell26/11/2020$0.0162-1032.7810

February 2021 – August 2022

Matic witnessed a sharp rise followed by an equally sharp fall initially. After which it entered a bull run which saw its price soar to $2.92 mark followed by a bearish trend plummeting to $0.316 levels. A recent small recovery albeit brings its price averaging around $0.8 mark.

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.TypeDatePriceTypeDatePriceProfit %Run-Up %Drawdown
1Buy04/01/2021$0.0209Sell22/01/2021$0.028737.3292.970
2Buy26/01/2021$0.038Sell22/03/2021$0.3445806.581330.115.32
3Buy13/04/2021$0.424Sell18/04/2021$0.3475-18.0410.2318.04
4Buy26/04/2021$0.4674Sell23/05/2021$1.0344121.31477.660
5Buy04/09/2021$1.7Sell07/09/2021$1.301-23.475.7623.47
6Buy15/10/2021$1.44Sell09/11/2021$1.80925.6254.172.29
7Buy01/12/2021$1.967Sell03/01/2022$2.40622.3248.621.35
8Buy28/03/2022$1.699Sell06/04/2022$1.559-8.2438.24
9Buy13/07/2022$0.631Sell26/07/2022$0.74518.0756.092.87
10Buy29/07/2022$0.9849Sell18/08/2022$0.8706-11.617.0713.9

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.

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