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Symphonies
Long BT BTC Circuit Breakers
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily, rules-based Bitcoin strategy: hold GBTC only when long-, medium-, and short-term trends are up and the market isn’t overheated; otherwise sit in BIL (T‑bills). Includes a “bounce” circuit breaker to avoid shaky rallies.
NutHow it works
This is a Bitcoin on/off switch. It owns Bitcoin via GBTC only when trends are strong: long‑term (100‑day vs 300‑day averages), medium‑term (recent returns), and short‑term (10‑ vs 20‑day) are all rising. It also avoids buying when gains look overheated (RSI is below 75) and skips sudden one‑day pops during weak trends (a bounce circuit breaker). Otherwise it parks in T‑Bills via BIL. Rebalanced daily.
CheckmarkValue prop
Out-of-sample: 14.0% annualized return, max drawdown 18.4%, Calmar 0.76, Sharpe 0.63. SPY ~20.6% return. This disciplined Bitcoin strategy uses trend rules and a cash hedge (BIL) to limit losses and offer strong risk-adjusted performance vs the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.40.0900.04
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
277.27%14.84%1.75%5.97%0.86
Long BT BTC Circuit Breakers
2,107.53%38.06%0.32%0.92%0.96
Initial Investment
$10,000.00
Final Value
$220,752.64
Regulatory Fees
$983.78
Total Slippage
$6,111.85
Invest in this strategy
OOS Start Date
Feb 19, 2024
Trading Setting
Daily
Type
Stocks
Category
Crypto, bitcoin, trend-following, momentum, tactical allocation, risk management, cash proxy
Tickers in this symphonyThis symphony trades 2 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
GBTC
Grayscale Bitcoin Trust ETF
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.

"Long BT BTC Circuit Breakers" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Long BT BTC Circuit Breakers" is currently allocated toBIL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Long BT BTC Circuit Breakers" has returned 8.11%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Long BT BTC Circuit Breakers" is 18.43%. 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 "Long BT BTC Circuit Breakers", 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.