Hello everyone,

over time (in the stock market) I've made some progress in backtesting strategies - this means you can test an investment strategy (for example DCA) on data from the past. Starting with software (like MetaTrader5) I'm now 'stuck' at TradingView.com, a very nice site to look at charts. It has its own script language called 'Pine Script' to simulate investments. My goal was to find a way to test the strategies people are talking about.

For the following examples I took ETH from 1. Oct. 2020 until today with daily prices. Investment is $500 every month. Pics do not show the whole timeline, obviously.

First example: regular DCA (on 1st)

investing $500 on the first day of every Month: +1795$

Second example: DCA (on 15th)

investing $500 on the 15th day of every Month: +839$

Third example: DCA using RSI indicator

$500 every month, but you only invest when the RSI value is below 40: -$2490

Bonus example: DCA since 1.1.2017 (trigger warning)

Let's feel bad about missing the opportunity: +$361,566

What I've found out so far:

1. Customizing DCA strategy with the RSI indicator did not lead to more profit, it's worse than just buying at a specific day.
2. Customizing DCA strategy with MACD did not do the trick either (not pictured above)
3. It is best to buy at the 1st of the month and not on the 10th, 15th or 20th (don't know why).
4. I need a much bigger screen.
5. I've wasted my time on stock.

Let me know if you have ideas! Which strategies did you hear of? I will pick some and implement them to post the outcome. I can test the scripts on any coin or timeframe, also for any time interval. All the indicators are available, too!