Bitcoin Algo Strategy: +$45,000 in Backtest Profits
Today, you’re going to take a look at one of the example strategies prepared for you in AlgoCloud — a Bitcoin algo strategy specifically for the Bitcoin symbol.
The big thing is that there is already an ETF for Bitcoin. This is a big shift in general because Bitcoin will thus have more liquidity and is used by funds regularly.
Before you get into this, please read the on-screen disclaimer – all videos are for educational purposes only and are not investment recommendations.
How to Set Up the Bitcoin Algo Strategy in AlgoCloud
- Move to the Strategy Examples tab and search for the End of the month momentum strategy. Click on Show details and Clone Strategy.
- Run a Full backtest where the SPY.D data is set. Change the Data range settings because there is a history for BTC since 2015. After the backtest runs, open the results and look directly at the equity curve.
- Get back to the editor, open the settings tab, and change the symbol to Bitcoin, specifically GBTC.D. Run the Full backtest again.
Bitcoin Algo Strategy Results vs S&P 500
It’s obvious at a glance that the difference is big, but switch back to the presentation to see both results side by side. You can see that not only the equity chart is better. Looking at the numbers, it’s obvious that you simply must try this Bitcoin algo strategy!
The Bitcoin algo strategy demonstrates how a simple momentum approach — originally designed for traditional stocks — can produce even stronger results when applied to a high-volatility asset like Bitcoin. The key takeaway is that momentum strategies tend to thrive in markets with strong directional moves, and Bitcoin is one of the most directional assets available.