With today’s report, we focus on DOGE and provide an extensive Dogecoin Backtest analysis. We’ve checked more than 15 trading signals that range from simple technical indicators to sophisticated trading strategies. For each of them, we performed a detailed backtest process and checked Dogecoin’s data of the last three years.
On top of that, we analyzed different chart timeframes. Accordingly, we processed the Dogecoin backtest on the daily, hourly, and 15-minute chart timeframe.
So get ready to dive into extensive data, thoroughly assessed results, and valuable insights.
A Quick Summary
If you don’t have time to read through the complete Dogecoin Backtest Report, we put together a quick summary.
Hyper Scalper Most Successful Strategy
The Hyper Scalper trading strategy shows an exceptional success rate for all analyzed timeframes. Although the number of trades on the daily chart is low, it might be worse considering this strategy.
Timeframe Not As Essential As Expected
When we started working on the Dogecoin Backtest Report, we expected huge differences between the timeframes. More precisely, we expected better results in the long-term timeframe and worse results in the lower timeframe. However, the difference between the timeframes is definitely not as significant as expected.
Want some more backtest analyses? Check this out:
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Litecoin (LTC) Backtest Report (15+ Trading Strategies)
Dogecoin Backtest Report — Tradings Strategies & Signals — Daily Chart
Here are the key takeaways from the daily chart:
- Overall, six trading signals achieved a success rate of more than 70%
- Trading the Exponential Moving Average (EMA) seems to be one of the most reliable signals for Dogecoin. Five out of the top six trading signals are based on the EMA.
- The Relative Strength Index (RSI) was one of the worst-performing indicators, with results below 50% or even 40% and 30%.
| Signal | Detected Signals | Success Rate (%) |
|---|---|---|
| Hyper Scalper Buy | 5 | 100.0 |
| EMA Bullish Crossover + ADX | 8 | 87.5 |
| EMA Bullish Crossover | 14 | 85.71 |
| EMA Bearish Crossover | 14 | 85.71 |
| EMA Strategy Buy | 18 | 72.22 |
| EMA Bearish Crossover + ADX | 7 | 71.43 |
| Big Extender Buy | 17 | 70.59 |
| EMA Strategy Sell | 23 | 69.57 |
| Bollinger Stochastic Buy | 35 | 68.57 |
| Bollinger Bands Buy + ADX | 28 | 67.86 |
| Bollinger Bands Buy | 58 | 67.24 |
| RSI Overbought | 30 | 66.67 |
| RSI Overbought + ADX | 24 | 66.67 |
| Parabolic Trader Sell | 17 | 64.71 |
| Bollinger Bands Sell + ADX | 49 | 63.27 |
| MACD Bearish Crossover + ADX | 27 | 62.96 |
| Bollinger Stochastic Sell | 43 | 60.47 |
| Bollinger Bands Sell | 85 | 60.0 |
| MACD Bullish Crossover + ADX | 27 | 59.26 |
| MACD Bullish Crossover | 44 | 59.09 |
| MACD Bearish Crossover | 44 | 54.55 |
| Parabolic Trader Buy | 11 | 54.55 |
| Power Scalper Buy | 88 | 52.27 |
| Power Scalper Sell | 31 | 41.94 |
| Tri Trendmaster Buy | 0 | 41.94 |
| Tri Trendmster Sell | 0 | 41.94 |
| Big Extender Sell | 12 | 41.67 |
| RSI Oversold + ADX | 17 | 41.18 |
| Hyper Scalper Sell | 0 | 40.0 |
| RSI Oversold | 21 | 38.1 |
Dogecoin Backtest Report — Tradings Strategies & Signals — Hourly Chart
Here are the most important results of the Dogecoin Backtest Report for the hourly chart:
- Similar to other analyses we’ve performed so far, it turned out that the Hyper Scalper is one of the most successful trading signals — especially on the one-hour chart.
- Accordingly, the Hyper Scalper was the only signal that achieved a success rate above 80% or resp. above 90%.
- Except for the Tri Trendmaster trading signals, most signals range between 50% and 65% success rates. Accordingly, it is probably not advisable to trade these indicators — at least not with a solid take profit/stop loss system.
| Signal | Detected Signals | Best Probability (%) |
|---|---|---|
| Hyper Scalper Buy | 21 | 90.48 |
| Hyper Scalper Sell | 30 | 86.67 |
| Tri Trendmaster Buy | 4 | 75.0 |
| Bollinger Bands Buy + ADX | 255 | 68.24 |
| Bollinger Stochastic Buy | 328 | 63.41 |
| Bollinger Bands Buy | 597 | 62.14 |
| EMA Bullish Crossover + ADX | 42 | 61.9 |
| Bollinger Bands Sell + ADX | 312 | 61.86 |
| Big Extender Buy | 74 | 60.81 |
| MACD Bullish Crossover + ADX | 247 | 58.7 |
| Power Scalper Buy | 586 | 58.53 |
| Bollinger Bands Sell | 679 | 58.32 |
| RSI Overbought + ADX | 116 | 57.76 |
| Bollinger Stochastic Sell | 497 | 57.14 |
| Parabolic Trader Buy | 174 | 56.32 |
| EMA Bullish Crossover | 191 | 56.02 |
| MACD Bullish Crossover | 512 | 55.27 |
| Parabolic Trader Sell | 207 | 53.62 |
| RSI Overbought | 176 | 53.41 |
| EMA Strategy Buy | 277 | 53.07 |
| MACD Bearish Crossover | 512 | 52.54 |
| RSI Oversold | 169 | 52.07 |
| MACD Bearish Crossover + ADX | 216 | 51.39 |
| RSI Oversold + ADX | 127 | 51.18 |
| EMA Strategy Sell | 278 | 50.72 |
| EMA Bearish Crossover | 190 | 50.0 |
| Big Extender Sell | 82 | 50.0 |
| Power Scalper Sell | 504 | 49.8 |
| EMA Bearish Crossover + ADX | 32 | 43.75 |
| Tri Trendmster Sell | 1 | 0 |
Dogecoin Backtest Report — Tradings Strategies & Signals — 15-Minute Chart
Here are the most essential results of our Bitcoin Backtest Report on the 15M Chart:
- Overall, the 15M chart results of our Dogecoin Backtest results are similar to the one-hour chart. Most of the trading signals range between 50% to 65%.
- The Tri Trendmaster achieved a success rate of 80% resp. 100% — however, the results are based on a limited number of signals (3 and 5). only.
- The Hyper Scalper performed quite well again and demonstrates its potential to be used on lower timeframes.
| Signal | Detected Signals | Best Probability (%) |
|---|---|---|
| Tri Trendmster Sell | 3 | 100.0 |
| Tri Trendmaster Buy | 5 | 80.0 |
| Hyper Scalper Buy | 60 | 78.33 |
| Hyper Scalper Sell | 107 | 66.36 |
| Bollinger Bands Buy + ADX | 1055 | 64.83 |
| Bollinger Bands Sell + ADX | 947 | 61.56 |
| Bollinger Stochastic Buy | 1505 | 60.86 |
| Bollinger Bands Buy | 2416 | 60.18 |
| Bollinger Bands Sell | 2321 | 59.16 |
| Bollinger Stochastic Sell | 1885 | 57.93 |
| EMA Bullish Crossover + ADX | 133 | 55.64 |
| Big Extender Buy | 257 | 55.25 |
| EMA Bearish Crossover + ADX | 108 | 54.63 |
| EMA Strategy Sell | 1134 | 54.06 |
| Power Scalper Buy | 1601 | 53.84 |
| MACD Bullish Crossover + ADX | 935 | 53.05 |
| RSI Overbought + ADX | 390 | 52.56 |
| MACD Bearish Crossover | 2134 | 52.06 |
| RSI Overbought | 599 | 51.75 |
| EMA Bearish Crossover | 739 | 51.69 |
| MACD Bearish Crossover + ADX | 843 | 51.6 |
| EMA Bullish Crossover | 739 | 51.56 |
| Power Scalper Sell | 1694 | 51.12 |
| EMA Strategy Buy | 1122 | 51.07 |
| RSI Oversold | 636 | 50.94 |
| Parabolic Trader Sell | 802 | 50.87 |
| RSI Oversold + ADX | 466 | 50.0 |
| Big Extender Sell | 320 | 50.0 |
| MACD Bullish Crossover | 2133 | 49.79 |
| Parabolic Trader Buy | 783 | 47.51 |
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