Ever since we upgraded the strategy Athena on Ripple and other top 5 coins in the market, I wanted to share a detailed back-testing result with you all so that you know what to expect in future.
Here’s how the strategy performed on Ripple between August 2018 & August 2022
Ripple (XRP) Highlights
476%
Net Profit
91%
Max Runup
25
Trades
-31%
HODL
Return
163%
Largest Win
25%
Largest Loss
Looking at full 4 year data together may not reflect properly as to what really happened. Hence lets take a look at it in 2 different time frames. One covering a sideway movement of 2 years & the other one covering a 2 year Bull and Bear market. Let’s see
August 2018 – August 2020
Let’s take a look at how Athena performed during this phase:
13 Trades
38% Profitable
17% Max Drawdown
At the end of 2 years, a $1000 initial capital would be $1268
Here are the trades
| Trade | Type | Date | Price | Type | Date | Price | Profit % | Run-up % | Drawdown % |
| 1 | Buy | 17/07/2018 | $0.52 | Sell | 30/07/2018 | $0.438 | -15.77 | 1.01 | 17.12 |
| 2 | Buy | 20/09/2018 | $0.3581 | Sell | 06/10/2018 | $0.5078 | 41.8 | 123.4 | 0 |
| 3 | Buy | 06/11/2018 | $0.5218 | Sell | 14/11/2018 | $0.492 | -5.71 | 9 | 5.71 |
| 4 | Buy | 02/04/2019 | $0.3256 | Sell | 11/04/2019 | $0.3235 | -0.64 | 16.7 | 0.64 |
| 5 | Buy | 11/05/2019 | $0.3186 | Sell | 04/06/2019 | $0.399 | 25.24 | 50.35 | 5.11 |
| 6 | Buy | 22/06/2019 | $0.4735 | Sell | 27/06/2019 | $0.4198 | -11.34 | 7.71 | 11.34 |
| 7 | Buy | 25/10/2019 | $0.3038 | Sell | 07/11/2019 | $0.2824 | -6.39 | 3.65 | 6.52 |
| 8 | Buy | 14/01/2020 | $0.232 | Sell | 23/01/2020 | $0.2223 | -4.18 | 9.72 | 4.18 |
| 9 | Buy | 02/02/2020 | $0.2546 | Sell | 20/02/2020 | $0.2682 | 5.34 | 36.2 | 3.07 |
| 10 | Buy | 28/04/2020 | $0.2052 | Sell | 10/05/2020 | $0.2071 | 0.93 | 14.96 | 0 |
| 11 | Buy | 31/05/2020 | $0.2081 | Sell | 11/06/2020 | $0.1983 | -4.71 | 3.17 | 5.77 |
| 12 | Buy | 23/07/2020 | $0.2119 | Sell | 11/08/2020 | $0.2793 | 31.81 | 53.98 | 4.72 |
| 13 | Buy | 17/08/2020 | $0.3263 | Sell | 22/08/2020 | $0.278 | -14.8 | 0.18 | 15.2 |
October 2020 – August 2022
In this period of 1 major bull run and mostly bearish run along with intermittent recoveries, Athena performed as under:
12 Trades
33% Profitable
25% Max Drawdown
At the end of these 2 years, a $1000 initial capital would be $4547
Here are the trades
| No. | Type | Date | Price | Type | Date | Price | Profit % | Run-Up % | Drawdown |
| 1 | Buy | 04/10/2020 | $0.2486 | Sell | 16/10/2020 | $0.242 | -2.65 | 4.87 | 3.37 |
| 2 | Buy | 22/10/2020 | $0.2608 | Sell | 29/10/2020 | $0.2424 | -7.06 | 1.06 | 7.06 |
| 3 | Buy | 07/11/2020 | $0.2636 | Sell | 09/12/2020 | $0.5425 | 105.8 | 196.16 | 7.36 |
| 4 | Buy | 30/01/2021 | $0.33 | Sell | 20/02/2021 | $0.4811 | 45.79 | 128.79 | 0 |
| 5 | Buy | 22/02/2021 | $0.6425 | Sell | 23/02/2021 | $0.4723 | -26.49 | 1.41 | 26.49 |
| 6 | Buy | 16/03/2021 | $0.4945 | Sell | 19/04/2021 | $1.305 | 163.9 | 297.75 | 8.57 |
| 7 | Buy | 28/07/2021 | $0.734 | Sell | 27/08/2021 | $1.0713 | 45.95 | 83.92 | 5.29 |
| 8 | Buy | 06/09/2021 | $1.35 | Sell | 07/09/2021 | $1.0907 | -19.21 | 4.82 | 19.21 |
| 9 | Buy | 03/11/2021 | $1.23 | Sell | 16/11/2021 | $1.1174 | -9.15 | 9.7 | 10.57 |
| 10 | Buy | 28/03/2022 | $0.9168 | Sell | 31/03/2022 | $0.8171 | -10.87 | 1.44 | 10.87 |
| 11 | Buy | 17/07/2022 | $0.359 | Sell | 25/07/2022 | $0.3413 | -4.93 | 6.32 | 4.93 |
| 12 | Buy | 30/07/2022 | $0.3817 | Sell | 09/08/2022 | $0.3631 | -4.87 | 7.39 | 4.87 |
Conclusion
For anyone looking to invest in Ripple, Athena is one of the top strategies if they want to avoid the high volatility and choose a more smoother road to their crypto investments.
Athena is LONG ONLY & doesn’t use leverage. It Works on SPOT Market thus has a relatively lower risk.
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