Momentum Winner

Overview

Beat the market trading DOT!

This is the strategy that we showcased in our Newsletter on 2023-03-24

We backtested multiple parameters in order to find the best ones for DOT. As usual, with our backtests, we assumed a 0.1% fee per trade, all trades were taken with the entire account, and there was no slippage. The backtesting period was from 2020-08-20 to 2023-03-23.

With these parameters and settings, we achieved a profit of 1,106.5%, which was significantly better than the buy-and-hold strategy's 1,106.5%. The maximum drawdown was only 27%, which is less than 92% of the buy and hold.

Please note that we have optimized this strategy for DOT; we do not know how well it would perform on other coins.

If you have any questions about this strategy or any other of our marketplace products, you can reach out to us by sending an email to marketplace@cryptohopper.com

Disclaimer: Past performance does not guarantee future success, as markets can change at any time.