Backtested bitcoin statistics, historical return.

[ibankbitcoins]

I've backtested bitcoin performance from 8-14-2011 til now. The results are interesting and hopefully you guys find it useful to build your own system as well.

Backtest specs:
Assume every trade is 1 BTC, buy at everyday’s open, sell at everyday’s close. This starts on 8/14/2011 -> 6/3/2014; I simulated late last night haha. Green day is defined by close greater than open. Red day is defined by close less than open.

Results:
*Total days: 1023
*Green days: 574 (56.61%)
*Red days: 440 (43.39%)
*Breakeven days: 9
*Average percent gain for green day: 3.679%
*Average percent loss for red day: -3.455%
*Average daily return is 0.4% compounding.

If you guys like what you see here or if you are interested in a trading system, I talk a little more about it on my technical bitcoin blog at http://ibankbitcoins.com/btc/starting-trading-system-here-some-basic-backtested-bitcoin-statistics

http://ibankbitcoins.com/sites/default/files/resize/6-3-2014-chart-966x246.jpg

Leave a comment if you guys want to see anything in particular. I do one of these every few days.

Ibankbtc

[rudius]

I've backtested bitcoin performance from 8-14-2011 til now. The results are interesting and hopefully you guys find it useful to build your own system as well.

Backtest specs:
Assume every trade is 1 BTC, buy at everyday’s open, sell at everyday’s close. This starts on 8/14/2011 -> 6/3/2014; I simulated late last night haha. Green day is defined by close greater than open. Red day is defined by close less than open.

Results:
*Total days: 1023
*Green days: 574 (56.61%)
*Red days: 440 (43.39%)
*Breakeven days: 9
*Average percent gain for green day: 3.679%
*Average percent loss for red day: -3.455%
*Average daily return is 0.4% compounding.

If you guys like what you see here or if you are interested in a trading system, I talk a little more about it on my technical bitcoin blog at http://ibankbitcoins.com/btc/starting-trading-system-here-some-basic-backtested-bitcoin-statistics



Leave a comment if you guys want to see anything in particular. I do one of these every few days.

Ibankbtc

Could you compare it to a different system? buy&hodl?