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AXS Direction

AXS Direction

Type: Strategy
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Cryptohopper

Cryptohopper

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1

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Overview

Beat the market trading AXS!

This is the strategy that we showcased in our Newsletter on 2023-05-15.

We backtested multiple parameters in order to find the best ones for AXS. 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 2020-11-04 to 2023-05-15.

We have tested different settings to showcase you which ones would have worked the best so far for AXS, to help you on your trading journey. However, you should always do your own research, as what works well now, may not work well in the future anymore.

These settings would have brought returns of 11,499%, which was significantly better than the buy-and-hold strategy's 1,926%. Additionally, the maximum drawdown for this strategy would have been just 74%, which is less than 97% of the buy and hold.

Please note that we have optimized this strategy for AXS; 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.

Strategy Details

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