henrio123
commented
1 year ago @joshuanatanielnm few changes
- 1W Change vs ETH BTC 50 50 to 1W Change vs USDC
- Remove Current deposits and Cellar Cap
- Add Strategy performance chart
- Change Strategy assets to WBTC and USDC
- Remove some text from Backtesting tab
- Remove Cellar performance chart
- Add 90% Depositors to performace split char
joshuanatanielnm
LAUNCH DATE: 29.11.2022 +5pm UTC
Use existing Design, which is used for Trend and momentum Strategy details pages..
Engineering: Should we move text components into Sanity? How much effort would it take?
Link: https://app.sommelier.finance/strategies/BreakoutETH/manage
Contracts:
Steady ETH: 0x3F07A84eCdf494310D397d24c1C78B041D2fa622
Staking contract: CellarStaking | Address 0xaE0E6024972b70601bC35405479Af5Cd372CC956 | Etherscan
Liquidity mining: Add Bond; Unbond, Unstake, Claim reawrds buttons, designs/views and functionalities like it was with Aave Strategy.
Content:
Deposit assets: BTC ETH USDC AMPL BUSD DAI FEI FRAX GUSD USDP RAI SUSD TUSD USDT Strategy Type: Crypto portfolio Protocols: Uniswap V3 Management fee: 2% (1.5% for strategy provider + 0.5% for protocol) Performance split: 10% (7.5% for strategy provider + 2.5% for protocol) Strategy assets WETH, USDC
Goal: Catch trends early by predicting the significant movement of prices consistently and accurately. Capture the majority of ETH price breakouts, and limit losses through trailing stops.
Highlights: "Risk first" approach - capital preservation is more important than capital growth.
Always defined risk for every position prevailing from trade inception until trade exit.
Each trade strategy comprises two independent trade orders: 1 "Workhorse" with a fixed target and stop + 1 "Racehorse" with a trailing stop.
Description: Patache has pursued a pragmatic approach to developing a trading strategy instead of a strict theoretical framework. A foundation of our pragmatic approach is a "risk first" paradigm – capital preservation is more important than capital growth. The strategy emphasizes principal protection and steady, consistent returns while pursuing occasional "home runs." [Read more]
The trade management technique of ETH Breakout strategy comprises two components: a workhorse and a racehorse. The point of the workhorse is to nullify risk and capture a small profit/cover transaction cost, and the point of the racehorse is to pursue a larger payoff opportunity. Check the "How it works" section for detailed strategy performance explanations.
The Strategy is expected to capture most of any positive price breakouts and limit losses through its trailing stops. Due to the nature of the strategy, it is designed to be held over a medium to the long term (6 months to a year). In this time, the benefits of being in the strategy are expected to emerge.
Backtesting: Beginning Cellar Value: 500,000 Period: Period Tested: Period Tested: May 2021 - September 2022. First Trade: 5/7/2021 Last Trade: 9/10/2022 No. of Trades: 72 Winning Trades/Losing Trades: 40 wins/32 losses (55%/45%) Best Month: 8% Worst Month: -2.5% Worst Loss (Single Trade): -6,838 on 3/31/2022 Worst Drawdown (Peak to trough): 7.55% Cumulative Profit: 46.6% Annualized Mean Return: 27.8% Annualized Std.Dev of Return: 10.4% Annualized Sharpe Ratio: 267%
FAQ's: Who decides how to rebalance assets in the cellar? Trade management and portfolio management rules are built into the algorithm smart contract. Please refer to the cellar description for details.
What is the portfolio composition? Portfolio composition is USDC + underlying strategy asset How often is the portfolio rebalanced? We expect 5-7 trades a month Does the cellar help to cut my losses? All trades come with a defined risk and capital allocation. Please refer to the cellar description for details. Does the strategy work in all market conditions? The algorithm is direction neutral i.e., it will generate Long and Short signals. However due to limitations in trade execution, only long signals will be supported by the cellar. Eventually both long and short trades will be supported by the cellar. When should the strategy be used? Strategies are best suited to investors who fully understand their risk appetite. The algorithm does not have any “timing” bias.
Strategy provider: Patache Strategy provider logo:
Strategy provider webpage: https://www.algoreturns.com/patache/