What are the best strategies for backtesting digital currency trading?

1 answers

• bg seenivasababuNov 13, 2020 · 5 years ago
  At BYDFi, we recommend using a combination of technical analysis indicators and fundamental analysis when backtesting digital currency trading strategies. Technical analysis indicators, such as moving averages, MACD, and RSI, can help you identify trends and potential entry and exit points. On the other hand, fundamental analysis involves evaluating the underlying factors that can impact the value of a digital currency, such as news events, partnerships, and regulatory developments. By combining these two approaches, you can develop a more comprehensive trading strategy that takes into account both market trends and fundamental factors. However, it's important to note that backtesting is not a guarantee of future performance, and it's always recommended to continuously monitor and adjust your trading strategy based on current market conditions.
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