Cardano Backtesting Results: Athena V2

Since we updated the strategy Athena on Cardano 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 Cardano between April 2018 and August 2022.

Highlights

• 1329% Net Profit
• 96% Max Runup
• 26 Trades
• 62% HODL Return
• 486% Largest winning trade

It might be difficult to comprehend the 4.5 years’ worth of 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 2018 — August 2020

Cardano was launched in April 2018 at the $0.24 level. After a quick sharp upward movement it started falling consistently to reach the $0.03 mark by the end of 2018. Although in 2019 it recovered slightly, nothing major happened until August 2020.

During this whole period that remained majorly bearish while involving a few intermittent recoveries, let’s see how Athena performed.

• 13 Trades
• 46% Profitable
• 24% Max Drawdown

At the end of this period, a $1000 initial capital would have grown to $2997. Here are the trades

September 2020 — August 2022

During the 1st half of this period, Cardano witnessed a massive Bull run where it rose from the $0.07 mark to reach $3.1 levels. Post this phase the Bearish market set in resulting in a steep decline bringing the value down to $0.5 levels which continues even to date.

Let’s visualize the performance of Athena on Cardano during this 2 year period involving 1 major bull run and 1 bear run.

• 13 Trades
• 30% Profitable
• 23% Max Drawdown
• 192% Avg Profit
• -11% Avg Loss

At the end of these 2 years, a $1000 initial capital would have become $4770. Here are the trades

Conclusion

For anyone looking to invest in Cardano, Athena is one of the top strategies. It helps you avoid high volatility while choosing a more smoother road to crypto investments.

Athena is the LONG ONLY strategy that doesn’t uses leverage. It works on SPOT Market & thus has relatively lower risk.