Beating the bear market: 8-month long strategy backtest results
Greetings Singularitarians!
When beating a bear market, what weapon do you choose? Over at SingularityDAO HQ we use multiple strategies depending on the circumstances in our path, so here is a quick backtested update using one of our long trade methods on a larger test range of 30 trades from March to October 2021:
Beautiful sight, isn’t it.
The DynaSet line is % net change. When a signal to buy BTC is made, a long order is placed with a predetermined take profit, when the take profit is hit, the entire position closes back into USD.
The BTC line is simply BTC price fluctuation over the same period.
But remember there is this disclaimer: Backtests are a series of logics and patterns we are exploring and refining into our trading decisions — results when forward tested in a live CEX or DEX environment will yield different results. Chart does not include any gas, slippage, take latency or network congestion into consideration.
So, it is just a quick update this weekend — we are still very much on track for people to be able to get a taste of DynaSets in December & we hope you are as excited about using them as we are about making them!
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