The ETH Moonshot X Strategy uses the Moonshot algorithm with the following settings: lower short-term period(used for RSI and volatility statistics), lower long-term period(uses for volatility statistics), and wider RSI entry/exit thresholds than the Moonshot variation.
If you would like to understand how the Moonshot algorithm works please check it out here.
How well did it perform?
The chart below compares the hypothetical performance of the ETH Moonshot Strategy compared to a buy-and-hold strategy from January 1st, 2017 to December 19th, 2019.
Using buy-and-hold as a benchmark, the backtest results show that this strategy would have accumulated 32 ETH more per 1 ETH invested (final account balance in $ divided by the final closing price of the test period).
It’s important to keep in mind that the charts above are based on a number of assumptions and are only meant for illustrative purposes. As always, past performance is not indicative of future performance.