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Symphonies
Bitcoin Strategy by Derecknielsen (Under Construction)
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Daily rotates among MicroStrategy (a bitcoin proxy), short bitcoin (BITI), short‑term bonds (BSV), or an inverse long‑Treasury fund (TBT) using stock‑market trend and bitcoin’s short‑term trend/strength signals.
NutHow it works
Checked daily. Step 1: If the S&P 500 fund (SPY) is above its 200‑day average price, buy MicroStrategy (MSTR), a stock that behaves like a leveraged bitcoin play. Step 2: If SPY is below, look at the bitcoin ETF (BITO). If BITO is below its 15‑day average, buy whichever of: short bitcoin (BITI), short‑term bonds (BSV), or an ETF that rises when long Treasuries fall (TBT) has risen most lately. Otherwise, if BITO is very strong, short bitcoin; if not, hold MSTR.
CheckmarkValue prop
Out-of-sample, this strategy delivers ~26% annualized return vs SPY’s ~21%, with ~0.27% alpha. It aims for higher upside via crypto/bond rotations but incurs higher volatility and larger drawdowns than the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.451.280.060.25
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
94.98%19.38%6.16%5.09%1.15
Bitcoin Strategy by Derecknielsen (Under Construction)
262.86%40.76%-3.67%-9.65%0.82
Initial Investment
$10,000.00
Final Value
$36,285.87
Regulatory Fees
$82.71
Total Slippage
$528.36
Invest in this strategy
OOS Start Date
Nov 30, 2022
Trading Setting
Daily
Type
Stocks
Category
Crypto rotation, trend filter, momentum, etf rotation, inverse etfs, bonds, daily rebalance
Tickers in this symphonyThis symphony trades 6 assets in total
Ticker
Type
BITI
ProShares Short Bitcoin ETF
Stocks
BITO
ProShares Bitcoin ETF
Stocks
BSV
Vanguard Short-Term Bond ETF
Stocks
MSTR
Strategy Inc Common Stock Class A
Stocks
SPY
State Street SPDR S&P 500 ETF Trust
Stocks
TBT
ProShares Trust UltraShort Lehman 20+ Year Treasury
Stocks

FAQ

A Composer symphony is an automated trading strategy that executes trades based on parameters of your choice. Some symphonies are similar to holding one ETF in normal conditions and rotating to a different ETF when market conditions shift, for example a 5% drop in the S&P 500, while others use complex rules with dozens of triggers. However, complex doesn’t always mean better. A simple, well-structured symphony can be just as effective as an intricate one. Learn more about how symphonies work here.

The symphony is currently performing the same as yesterday today. Performance updates in real time during market hours.

The symphony is currently allocated toMSTR. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned 20.11%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 89.57%. The maximum drawdown measures the largest peak-to-trough decline. It's an important metric to evaluate risk and the strategy's behavior during market stress.

To invest in the symphony, simply click the Invest button on this page. You'll need to open an account with Composer if you don't have one yet, then you can start investing. Composer will automatically execute the trades for you based on the strategy's rules. Composer also supports trading individual stocks, ETFs, and options.