Ripple Backtesting Results: Athena V2

476% Returns in 4 years in only 25 trades. HODL return -31%. Invest Wisely with sypto.xyz

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

Since its launch @ $1.5 Ripple settled around $0.3 while remaining flat & rangebound for a full 2 year.

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

TradeTypeDatePriceTypeDatePriceProfit %Run-up %Drawdown %
1Buy17/07/2018$0.52Sell30/07/2018$0.438-15.771.0117.12
2Buy20/09/2018$0.3581Sell06/10/2018$0.507841.8123.40
3Buy06/11/2018$0.5218Sell14/11/2018$0.492-5.7195.71
4Buy02/04/2019$0.3256Sell11/04/2019$0.3235-0.6416.70.64
5Buy11/05/2019$0.3186Sell04/06/2019$0.39925.2450.355.11
6Buy22/06/2019$0.4735Sell27/06/2019$0.4198-11.347.7111.34
7Buy25/10/2019$0.3038Sell07/11/2019$0.2824-6.393.656.52
8Buy14/01/2020$0.232Sell23/01/2020$0.2223-4.189.724.18
9Buy02/02/2020$0.2546Sell20/02/2020$0.26825.3436.23.07
10Buy28/04/2020$0.2052Sell10/05/2020$0.20710.9314.960
11Buy31/05/2020$0.2081Sell11/06/2020$0.1983-4.713.175.77
12Buy23/07/2020$0.2119Sell11/08/2020$0.279331.8153.984.72
13Buy17/08/2020$0.3263Sell22/08/2020$0.278-14.80.1815.2

October 2020 – August 2022

Ripple rose from $0.3 levels to $1.96 in a bull run followed by a brief bear run when it came back to $0.5 levels. Although it again recovered to $1.3 levels but couldn’t sustain and has been on a decline to settle around $0.3 levels.

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.TypeDatePriceTypeDatePriceProfit %Run-Up %Drawdown
1Buy04/10/2020$0.2486Sell16/10/2020$0.242-2.654.873.37
2Buy22/10/2020$0.2608Sell29/10/2020$0.2424-7.061.067.06
3Buy07/11/2020$0.2636Sell09/12/2020$0.5425105.8196.167.36
4Buy30/01/2021$0.33Sell20/02/2021$0.481145.79128.790
5Buy22/02/2021$0.6425Sell23/02/2021$0.4723-26.491.4126.49
6Buy16/03/2021$0.4945Sell19/04/2021$1.305163.9297.758.57
7Buy28/07/2021$0.734Sell27/08/2021$1.071345.9583.925.29
8Buy06/09/2021$1.35Sell07/09/2021$1.0907-19.214.8219.21
9Buy03/11/2021$1.23Sell16/11/2021$1.1174-9.159.710.57
10Buy28/03/2022$0.9168Sell31/03/2022$0.8171-10.871.4410.87
11Buy17/07/2022$0.359Sell25/07/2022$0.3413-4.936.324.93
12Buy30/07/2022$0.3817Sell09/08/2022$0.3631-4.877.394.87

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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