Pages:
Author

Topic: DCA on a real account: does it work? - page 3. (Read 473 times)

newbie
Activity: 25
Merit: 4
September 26, 2023, 07:45:14 PM
#11
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.

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/
newbie
Activity: 25
Merit: 4
September 26, 2023, 07:24:19 PM
#10
1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up...

And if we count it differently?
2 years ago, the price of Bitcoin was about 69 thousand dollars and it is more than 2 times more than today. Thus, the OP would have a loss of more than 50%. Accordingly, it is very important to take into account at which price levels the DCA strategy was used.

Here is the development of my strategy in the bear market 2022 btc and its profitabilityhttps://es.tradingview.com/chart/BTCUSDT/qtnVf3E5/
newbie
Activity: 25
Merit: 4
September 26, 2023, 07:05:33 PM
#9

How exactly do you plan to combine grid trading as well as dollar cost averaging and what forms your own creativity?
DCA is not a trading strategy although it looks like it in some way, it is more of an investment strategy and a long term one specifically for those who do not want to go through the burden of reading charts and trying to pick the best time to buy and to sell.


What I'm exploring is a combination of the DCA and Grid Trading approaches, but not in a conventional way. Instead of making purchases at regular intervals, I'm adapting my strategy based on market volatility. This allows me to seek profitability opportunities in both bullish and bearish markets. Essentially, I'm looking to capitalize on market fluctuations in a more dynamic and adaptable way, leveraging changing conditions to make more timely and flexible investment decisions.
For instance, in my backtest, during the bearish market conditions of 2022 for Bitcoin, my newly devised strategy proved to be profitable, achieving a remarkable 32% return on investment.https://es.tradingview.com/chart/BTCUSDT/qtnVf3E5/
sr. member
Activity: 1316
Merit: 356
September 26, 2023, 06:36:29 PM
#8
1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up...

And if we count it differently?
2 years ago, the price of Bitcoin was about 69 thousand dollars and it is more than 2 times more than today. Thus, the OP would have a loss of more than 50%. Accordingly, it is very important to take into account at which price levels the DCA strategy was used.
In other words, employing the DCA technique continues to have risk. The timing of when you begin investing is very important, which is why we don't just jump into the market because we see that they're profitable with this technique. To maximize the success of your investment strategy, you must also understand how to analyze the market technically and fundamentally. Traders are adept at forecasting, thus the DCA technique will work.
legendary
Activity: 2268
Merit: 1655
To the Moon
September 26, 2023, 05:50:21 PM
#7
1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up...

And if we count it differently?
2 years ago, the price of Bitcoin was about 69 thousand dollars and it is more than 2 times more than today. Thus, the OP would have a loss of more than 50%. Accordingly, it is very important to take into account at which price levels the DCA strategy was used.
copper member
Activity: 2198
Merit: 1837
🌀 Cosmic Casino
September 26, 2023, 05:05:55 PM
#6
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.
DCA is probably the easiest way of investing in an asset, but you are right

I used this DCA calculator (https://uphold.com/en-eu/get-started/dollar-cost-averaging-calculator) and If one was to buy $100 worth of Bitcoin daily, the Total purchased amount would be $33,500. Total value today would be $38,083.69 (1.4609493 BTC) ROI would be 13.68 %

If one was to buy $100 worth of Bitcoin weekly, the Total purchase amount would be $4,800. Total value today would be  $5,572.57 (0.2084079 BTC) ROI would be +16.1 %

The only challenge with buying the dip, it's usually so hard to know the bottom until it's too late.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
September 26, 2023, 04:09:48 PM
#5

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.

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.

Well most times beginners are always afraid of the market they felt it could go lower than that so they may decide to pull back to wait watch the market before going into with another strategy without knowing that was their best opportunities to buy by now he could had made something very pleasant of that relying on some strategies. At some point it was around 31k which we thought it could break out to 34k I think that was still this year if that op did could have made exactly 50 percentage by now.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
September 26, 2023, 04:01:36 PM
#4

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.

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.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
September 26, 2023, 03:58:34 PM
#3
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.

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.
hero member
Activity: 644
Merit: 661
- Jay -
September 26, 2023, 03:51:18 PM
#2
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.
How exactly do you plan to combine grid trading as well as dollar cost averaging and what forms your own creativity?
DCA is not a trading strategy although it looks like it in some way, it is more of an investment strategy and a long term one specifically for those who do not want to go through the burden of reading charts and trying to pick the best time to buy and to sell.

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.
Simple DCA is a passive approach already, you do not need to complicate it and include grid trading.

- Jay -
newbie
Activity: 25
Merit: 4
September 26, 2023, 03:12:18 PM
#1

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!
Pages:
Jump to: