With my experience in the cryptocurrency market, I decided to develop a short-term Bitcoin spot trading strategy using the TradingView platform and its strategy programming tool. I managed to create a strategy that yields an average annual return of 20% according to backtesting.
20% on a small account might sound small but if you are managing a big account of say a million dollars, this percentage in profit is more than generous!!
As for the backtesting session, how many times did you test your strategy and were you using the bar replay for this??
Did you factor in any potential news and how it could affect your trading results?? If all this was done with satisfactory results then you could be ready for he real markets..
My question is, is this return acceptable, or in your opinion, what would be an acceptable or good return?
20% ROI is more than acceptable unless you want to over-leverage your account for some crazy profits that is likely inspired by most of these YouTube videos that show one trade gaining huge profits !!!
BTW what trading platform do you intend to use??
With my experience in the cryptocurrency market, I decided to develop a short-term Bitcoin spot trading strategy using the TradingView platform and its strategy programming tool. I managed to create a strategy that yields an average annual return of 20% according to backtesting. My question is, is this return acceptable, or in your opinion, what would be an acceptable or good return?
You can get an APR of more than 20% on Bitget Flexible savings
20% is like free money
and had to check this out...
From what I saw on BItget>>
https://www.bitget.com/earning/staking the popular coins don't get the offer anyway near this rate, which isn't surprising as the model is used to hype the smaller tokens/coins