STEEM Trading System (Dollar Cost Averaging Experiment) FINAL RESULTS
The past month has been quite the rollercoaster with all of the blockchain drama, price pump and subsequent dump. We are still in some uncharted territory for now but I think that STEEM has a lot further to go in the near future.
I honestly had lost track of where I had left off on this experiment but wanted to give the final results before adding more funds to the trading account and scaling it up :)
Go big or go home they say!
Since the power down I had initiated is slowly paying me out weekly I decided to use that STEEM to add into my current portfolio so that I can try to increase my overall position.
Trading strategy rules:
- Use approximately 10% of the starting reserves (in BTC) per day to BUY STEEM when the price is BELOW a set value. In this case that will be the moving average (center line) on the Bollinger Bands using 1-Day candles on the chart. Each 10% chunk will be considered a "unit".
- Sell ALL STEEM when the price is above the upper range of the Bollinger Bands (1-Day candles), or 10% per day when ABOVE the moving average (1 unit).
- After 5 consecutive days of buying, reduce buy quantity in half (5% or 1/2 unit).
- If price is within 10% of the ALL TIME LOW, and there is 50% (5 units) or less reserve BTC, then I am allowed to "go all-in".
- "Buy below, sell above" is the golden rule.
Today's Trade:
3/10/2020
NO TRADE
Price: 0.00000000 BTC
Quantity: 0.0 STEEM
Total Cost (with fees): 0.00000000 BTC
Trade History:
Day 1) Buy 1 unit- Price: 0.00001611 BTC, Quantity: 84.20909241
Day 2) Buy 1 unit- Price: 0.00001636 BTC, Quantity: 82.92227865
Day 3) Buy 1 unit- Price: 0.00001599 BTC, Quantity: 84.84105558
Day 4) Buy 1 unit- Price: 0.00001615 BTC, Quantity: 84.00052500
Day 5) Buy 1 unit- Price: 0.00001592 BTC, Quantity: 85.21410042
Day 6) Buy 1/2 unit- Price 0.00001618 BTC, Quantity: 41.92238809
Day 7) Buy 1/2 unit- Price 0.00001614 BTC, Quantity: 42.02628496
Day 8) Buy 1/2 unit- Price 0.00001632 BTC, Quantity: 41.56275976
Day 9) Sell 1 unit- Price 0.00001670 BTC, Quantity: 84.107
Day 10) Sell ALL units- Price 0.00001824 BTC, Quantity: 462.59148487
Days 11-23) NO TRADE
Day 24) Buy 1 unit- Price: 0.00001818 BTC, Quantity: 80.10776139
Day 25) Buy 1 unit- Price: 0.00001776 BTC, Quantity: 82.00220170
Day 26) Buy 1 unit- Price: 0.00001722 BTC, Quantity: 84.57369931
Day 27) Buy 1 unit- Price: 0.00001696 BTC, Quantity: 85.87023008
Day 28) Buy 1 unit- Price: 0.00001731 BTC, Quantity: 84.13397471
Day 29) Buy 1 unit- Price: 0.00001800 BTC, Quantity: 80.90883901
Day 30) Buy 1/2 unit- Price: 0.00001783 BTC, Quantity: 40.84013186
Day 31) Buy 1 unit- Price: 0.00001753 BTC, Quantity: 83.07810052
Day 32) Buy 1/2 unit- Price: 0.00001724 BTC, Quantity: 42.23779298
Day 33) Buy 1/2 unit- Price: 0.00001727 BTC, Quantity: 42.16442102
Day 34) Buy 1/2 unit- Price: 0.00001695 BTC, Quantity: 42.96044549
Day 35) Buy 1/2 unit- Price: 0.00001684 BTC, Quantity: 43.24106598
Day 36) Buy 1/2 unit- Price: 0.00001660 BTC, Quantity: 46.78003785
Days 37-44) NO TRADE
Day 45) Sell 1 unit- Price: 0.00001697 BTC, Quantity: 83.89000000
Days 46-48) NO TRADE
Day 49) Sell ALL units- Price 0.00001912 BTC, Quantity: 755.00870190
Days 50-59) NO TRADE
Day 60) Buy 1 unit - Price: 0.00001744 BTC, Quantity: 90.48479718
Day 61) Buy 1 unit - Price: 0.00001746 BTC, Quantity: 90.38114907
Days 62-64) NO TRADE
Day 65) Sell 1 unit - Price: 0.00001933 BTC, Quantity: 90.43293097
Day 66-??? Bought and sold a lot of STEEM...
Current Holdings:
BTC: 0.01881690 (10 units)
STEEM: 0 (0 units)
I started the experiment with 0.01367062 BTC, or $100 at the time. Ended the experiment with 0.01881690 BTC, or about $150 at the time of this post. Bitcoin ended up rising but then falling back to within 10% of its original price when I began.
Overall I would say this was an extremely successful and easy experiment so I am adding on funds to make the gains higher.
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