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Symphonies
V2 BWC Modified Bitcoin Strategy | Dereck Nielsen
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Rules-based Bitcoin strategy. Own BITO in uptrends, step aside on sharp drops, and short briefly when it’s too hot. In weaker markets, rotate into the strongest BTC proxies (miners/spot funds) or hold T‑bills. Rebalanced daily; heavy risk controls.
NutHow it works
- Uses BITO (a Bitcoin ETF) as the main “compass.” - If BITO is in a long-term uptrend (price above its 200‑day average), it usually owns BITO, but: • If short-term drop > ~5% in 5 days, it parks in T‑bills (SHV). • If momentum is extremely hot (RSI > ~75), it briefly flips to the inverse ETF (BITI). - If not in an uptrend, it may: • Buy BITO only when very oversold (RSI very low), or • Rotate into the 1–2 strongest Bitcoin‑related names (miners like MARA/RIOT/CLSK or spot funds like GBTC/BITX) based on 3–10 day performance, with extra checks; if a pick fails, it holds T‑bills (BIL/SHV). - Daily rebalance.
CheckmarkValue prop
Adds tactical Bitcoin exposure with rules-based risk controls and cash hedges to diversify a S&P core. In out-of-sample tests it showed modest risk-adjusted results but higher drawdowns than SPY—best as crypto-tilt diversification, not a replacement.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
0.180.840.080.29
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
57.13%22.24%1.2%6.23%1.34
V2 BWC Modified Bitcoin Strategy | Dereck Nielsen
75.27%28.33%-20%-16.5%0.77
Initial Investment
$10,000.00
Final Value
$17,526.80
Regulatory Fees
$91.03
Total Slippage
$435.13
Invest in this strategy
OOS Start Date
Sep 10, 2024
Trading Setting
Daily
Type
Stocks
Category
Crypto, bitcoin, trend following, momentum rotation, tactical allocation, risk management, daily rebalanced
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

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 toCIFR, IREN, CLSK, MSTR, GPUSandBIL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, the symphony has returned -2.75%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for the symphony is 41.54%. 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, crypto, and options.