DCA on a real account: does it work? - page 2.

Johnyz

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Quote from: tvplus006 on September 27, 2023, 02:01:52 PM

Quote from: cryptobeestrategy on September 26, 2023, 10:14:28 PM

I began testing the strategy on September 15th of this year. As you rightly mentioned, in addition to TikTok, I will also prepare an Excel spreadsheet to track and demonstrate the progress. Moreover, I believe it would be beneficial to create a website to showcase how the strategy works. Thank you for the suggestion; I will definitely consider it.

Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.

If there’s no budget yet, better not to chase the drop and just wait for your money to come.
The purpose of DCA is to play long, and not to chase every drop because it can be risky too. You just need to timing everything and have a good time plan on when to buy like you can set it every time you receive your payroll and this is way better. Cheaper Bitcoin can be more attractive but of course, there’s no need to rush and grab it, just stay focus on your own timeline.

Hypnosis00

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Honestly, it is a different experience when you are doing it in actuality. DCA really works and based on your backtesting gives you a profit which is right but can't expect the market to behave the same as in your test that is why I would there big changes when doing it in real life. And for some reasons;
- emotions dealing
- market sentiment
- risk management

Well, if you can play it well and stick to your plan, you can even make an ROI of more than 15-23% per year.

cryptobeestrategy

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Quote from: Hamphser on September 28, 2023, 02:33:16 PM

I dont know but i do have a feeling that this is some sort of indirect kind of advertising your tiktok channel or it is just me?

If we do speak about indicators or whatever tools that you've been using on your trading analysis then there's no such thing about being bad or right because we are all free on whatever analysis that we do come up with and if you do make out some combinations or add up other than DCA then its your choice because it would really be just that so normal that we will really be making combinations of different trading style and method or indicators or strategies that you would really be applying on a certain moment or scenario. Does it work? If it works and brings out profit for you then thats it.

Just make it sure that you are really that wary about the volatility. Even lets say that you are making use of Hourly time frame then you should be that
wary about those sudden spikes and crashes that we could have on this market. Always better to make yourself that prepared.

Hello, in response to your question, I am not promoting my TikTok. It's a way to share my progress on a real account while applying my investment strategy.
The reason I'm doing this is because there are probably many people who don't feel comfortable with trading, and I will try to demonstrate that it is possible to achieve good short-term returns by investing in spot.

cryptobeestrategy

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Quote from: tvplus006 on September 28, 2023, 02:25:11 PM

Quote from: cryptobeestrategy on September 27, 2023, 02:21:02 PM

Quote from: tvplus006 on September 27, 2023, 02:01:52 PM

Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.

The way my investment strategy works is on a short-term basis on the 3-hour time frame. There will be purchases that last for just one day or even less before becoming profitable, as well as some that extend beyond one month. Consequently, there is no need for an infinite amount of capital. There is a video on mi tiktok explaining how it works. There is a video on my tiktok that explains how it works.

In this case, your current strategy has nothing to do with DCA and it is unclear why you used this abbreviation in the name of the thread. You should understand that a characteristic feature of the DCA strategy is the systematic nature and duration during which it is used.

The idea is that my investment method works by averaging purchase prices, but on a short-term basis while making them profitable. You are correct; I should have used a different term in the thread. However, if you read the post, it mentions that it combines elements of DCA and Grid trading, albeit only certain characteristics from these methods.

Hamphser

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Quote from: cryptobeestrategy on September 26, 2023, 03:12:18 PM

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!

I dont know but i do have a feeling that this is some sort of indirect kind of advertising your tiktok channel or it is just me?

If we do speak about indicators or whatever tools that you've been using on your trading analysis then there's no such thing about being bad or right because we are all free on whatever analysis that we do come up with and if you do make out some combinations or add up other than DCA then its your choice because it would really be just that so normal that we will really be making combinations of different trading style and method or indicators or strategies that you would really be applying on a certain moment or scenario. Does it work? If it works and brings out profit for you then thats it.

Just make it sure that you are really that wary about the volatility. Even lets say that you are making use of Hourly time frame then you should be that
wary about those sudden spikes and crashes that we could have on this market. Always better to make yourself that prepared.

tvplus006

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Quote from: cryptobeestrategy on September 27, 2023, 02:21:02 PM

Quote from: tvplus006 on September 27, 2023, 02:01:52 PM

Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.

The way my investment strategy works is on a short-term basis on the 3-hour time frame. There will be purchases that last for just one day or even less before becoming profitable, as well as some that extend beyond one month. Consequently, there is no need for an infinite amount of capital. There is a video on mi tiktok explaining how it works. There is a video on my tiktok that explains how it works.

In this case, your current strategy has nothing to do with DCA and it is unclear why you used this abbreviation in the name of the thread. You should understand that a characteristic feature of the DCA strategy is the systematic nature and duration during which it is used.

Best-mary

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Quote from: cryptobeestrategy on September 26, 2023, 03:12:18 PM

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!

If you were using exchange, I would have told you to study this Dual Investment methodology. It's been helpful for quite some time. Since you have an idea of creating your strategy, I think that will help.

panganib999

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Quote from: cryptobeestrategy on September 26, 2023, 03:12:18 PM

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!

My eyes popped out of their sockets when I saw that ROI. Jesus fucking christ that's huge, although I must ask, what maths lead you to these numbers? and how were you able to integrate DCA with grid trading, to me those two trading systems are a little on the opposite sides of the spectrum cause you got one where you invest regardless of the price, and another where you trade on specific price sets. Just trying to wrap my head around this whole thing lol.

blockman

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Quote from: cryptobeestrategy on September 26, 2023, 07:45:14 PM

Quote from: blockman on September 26, 2023, 03:58:34 PM

You can't be sure with that ROI you're mentioning with those numbers. Because from what I am experiencing through DCA, you just can't measure how much the ROI, the losses, and the profit will be. It is literally unknown. And you can't just do DCA on fake accounts or demo accounts because we're talking about real money here, real crypto and without such, you can't buy those on any exchange.

Quote from: cryptobeestrategy on September 26, 2023, 03:12:18 PM

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me.

This is the better approach if you're not really a trader. Yes, it's passive and for sure if you have understood how it works, it's certainly a good fit for you.

My approach isn't strictly DCA since DCA involves making regular purchases at set intervals. Instead, my strategy involves making multiple purchases based on market volatility, coupled with a fixed take-profit target. In my case, after conducting a successful backtest, I have implemented this strategy in a live trading account. For instance, you can observe the performance in 2022, which was a bearish year.https://es.tradingview.com/chart/BTCUSDT/qtnVf3E5/

Nice.
I do understand what you're saying that it's still DCA whether you set regular buys out or you just want to buy all of a sudden but that's been a practice that you've been following.
If you're able to do successful back test with it and was able to measure how much profit and percentage you'll get from the ROI you've seen in projection, that's nice. Anyway if you're going to reply to others, just merge it in post to avoid deletion or problems from the mods.

cryptobeestrategy

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Quote from: tvplus006 on September 27, 2023, 02:01:52 PM

Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.

The way my investment strategy works is on a short-term basis on the 3-hour time frame. There will be purchases that last for just one day or even less before becoming profitable, as well as some that extend beyond one month. Consequently, there is no need for an infinite amount of capital. There is a video on mi tiktok explaining how it works. There is a video on my tiktok that explains how it works.

cryptobeestrategy

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Quote from: gunhell16 on September 27, 2023, 08:14:25 AM

I was curious as to how you connected trading in the cryptocurrency market with DCA. How does grid trading work for this? As far as I'm aware, DCA is not a tool for trading in this particular bitcoin market.

Are you able to buy bitcoin every day for $100 under current circumstances, despite the fact that DCA is an excellent approach to amass Bitcoin and other cryptocurrencies that anyone believes will provide a big profit during the upcoming bull season or bitcoin halving next year? To be honest, it's not simple for regular folks working in the Bitcoin sector to achieve this.

DCA is a form of investment; what I'm saying is that I've created my own strategy, incorporating aspects such as averaging the entry price and making regular investments akin to the DCA methodology. Additionally, I leverage somewhat complex mathematical calculations, which are challenging to explain, to predict buying points based on volatility, similar to Grid trading. It's a distinct tool that is neither DCA nor Grid Trading because I'm only utilizing certain characteristics from these methods to simplify comprehension.

I've been implementing this strategy in the real market since September 15th, and I'm documenting my progress on TikTok. Thank you for your response.

DVlog

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Quote from: GreatArkansas on September 26, 2023, 08:35:35 PM

Quote from: logfiles on September 26, 2023, 05:05:55 PM

Quote from: bitmover on September 26, 2023, 04:01:36 PM

1 year ago btc was worth about 18k usd and now it is above 26.
That's is about 50% up.

Whatever you did you would have made a lot of money just by buying btc. It is easy to trade when the market makes 50%+ in a year.

(....)

The only challenge with buying the dip, it's usually so hard to know the bottom until it's too late.

Very well said.
That's why DCA is really effective especially if you are a busy person and don't have time to do some analysis to identify the bottom or let's say you are really not a technical guy to deep dive into some analysis, DCA is your friend. Just be consistent.

I don't think DCA is for busy people. Buying something one time in a week or month and someone doesn't have even time for that! It is hard to believe. What i know is DCA is for those who want to hold a coin for a very long time and the market is moving sideways. Like if you have been doing DCA for over the past 2 years your average must be lower than those who are investing now.

If you are a busy person and want to trade to make a profit when the market is moving sideways and you don't have any intention to hold for a long time then Grid trading is best for you. Just set the support and resistance parameters and create the bot with the amount of grid you want to put there. Now it will run on its own and you can be busy where ever you want.

tvplus006

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Quote from: cryptobeestrategy on September 26, 2023, 10:14:28 PM

I began testing the strategy on September 15th of this year. As you rightly mentioned, in addition to TikTok, I will also prepare an Excel spreadsheet to track and demonstrate the progress. Moreover, I believe it would be beneficial to create a website to showcase how the strategy works. Thank you for the suggestion; I will definitely consider it.

Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.

gunhell16

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Quote from: cryptobeestrategy on September 26, 2023, 03:12:18 PM

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!

I was curious as to how you connected trading in the cryptocurrency market with DCA. How does grid trading work for this? As far as I'm aware, DCA is not a tool for trading in this particular bitcoin market.

Are you able to buy bitcoin every day for $100 under current circumstances, despite the fact that DCA is an excellent approach to amass Bitcoin and other cryptocurrencies that anyone believes will provide a big profit during the upcoming bull season or bitcoin halving next year? To be honest, it's not simple for regular folks working in the Bitcoin sector to achieve this.

Inwestour

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Quote from: GreatArkansas on September 26, 2023, 08:35:35 PM

Very well said.
That's why DCA is really effective especially if you are a busy person and don't have time to do some analysis to identify the bottom or let's say you are really not a technical guy to deep dive into some analysis, DCA is your friend. Just be consistent.

DCA will not be able to guarantee you a good result if you cannot take the time to determine which market you are currently in, so you will still have to spend time on analysis. If, for example, a busy person simply starts buying on ATH because he did not have time to analyze the market, and he starts buying at 60k, then his average purchase price will not be very good and he is unlikely to receive much profit from such an investment.

Everything related to money will require certain knowledge and to some extent will require your time, at least in the initial stages. DCA is a good strategy, but if you start buying in a bear market, you will have a chance to make much larger profits.

cryptobeestrategy

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Quote from: Husires on September 26, 2023, 09:15:56 PM

Thank you for sharing with us. Instead of tiktok, try to prepare an Excel file and visualize the outputs on a monthly basis, while giving notices of but orders here once every few days will be sufficient, as all the data here is open and any modification is recorded, not like other services in which users can modify the data.
If your service is successful, you will receive many donations, and you can create a paid channel after several months if you gain sufficient confidence.

I began testing the strategy on September 15th of this year. As you rightly mentioned, in addition to TikTok, I will also prepare an Excel spreadsheet to track and demonstrate the progress. Moreover, I believe it would be beneficial to create a website to showcase how the strategy works. Thank you for the suggestion; I will definitely consider it.

cryptobeestrategy

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Quote from: OcTradism on September 26, 2023, 09:12:41 PM

Quote from: cryptobeestrategy on September 26, 2023, 03:12:18 PM

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

DCA (Dollar Cost Averaging) is a good strategy for long term investor but it seems you have something wrong in your mind. With long term investment strategy, you should not aim at 15-23% ROI annually. Because investment in long term means you have to accept loss temporarily and maybe you will get nothing with one year DCA.

If you are curious and unsure about DCA, you can use https://dcabtc.com/, enter some parameters like how you want to DCA, and check how DCA works with past months of Bitcoin price.

You can use Portfolio trackers and accounts on Coinmarketcap and Coingecko for Demo DCA.
https://coinmarketcap.com/portfolio-tracker/
https://www.coingecko.com/en/portfolio

In the context of the Dollar-Cost Averaging (DCA) method, achieving an annual return on investment (ROI) ranging from 15% to 23% may appear unattainable. However, my strategy combines specific elements of both DCA and grid methods, along with other mathematical calculations that have demonstrated the ability to generate these results in the short term, as evidenced by a backtest.

For instance, consider the performance of the year 2022, a period marked by a bearish trend in Bitcoin as illustrated here: https://es.tradingview.com/chart/BTCUSDT/qtnVf3E5/

The primary objective of this strategy is to maintain liquidity consistently, ensuring that funds remain readily accessible for future use without concerns about them becoming stagnant.

Husires

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Quote from: cryptobeestrategy on September 26, 2023, 03:12:18 PM

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!

Thank you for sharing with us. Instead of tiktok, try to prepare an Excel file and visualize the outputs on a monthly basis, while giving notices of but orders here once every few days will be sufficient, as all the data here is open and any modification is recorded, not like other services in which users can modify the data.
If your service is successful, you will receive many donations, and you can create a paid channel after several months if you gain sufficient confidence.

OcTradism

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Quote from: cryptobeestrategy on September 26, 2023, 03:12:18 PM

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

DCA (Dollar Cost Averaging) is a good strategy for long term investor but it seems you have something wrong in your mind. With long term investment strategy, you should not aim at 15-23% ROI annually. Because investment in long term means you have to accept loss temporarily and maybe you will get nothing with one year DCA.

If you are curious and unsure about DCA, you can use https://dcabtc.com/, enter some parameters like how you want to DCA, and check how DCA works with past months of Bitcoin price.

You can use Portfolio trackers and accounts on Coinmarketcap and Coingecko for Demo DCA.
https://coinmarketcap.com/portfolio-tracker/
https://www.coingecko.com/en/portfolio

GreatArkansas

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Quote from: logfiles on September 26, 2023, 05:05:55 PM

Quote from: bitmover on September 26, 2023, 04:01:36 PM

1 year ago btc was worth about 18k usd and now it is above 26.
That's is about 50% up.

Whatever you did you would have made a lot of money just by buying btc. It is easy to trade when the market makes 50%+ in a year.

(....)

The only challenge with buying the dip, it's usually so hard to know the bottom until it's too late.

Very well said.
That's why DCA is really effective especially if you are a busy person and don't have time to do some analysis to identify the bottom or let's say you are really not a technical guy to deep dive into some analysis, DCA is your friend. Just be consistent.

Topic: DCA on a real account: does it work? - page 2. (Read 473 times)