How to Track and Measure The Performance of Your Cryptocurrency Trading Strategy

Sat Sep 02 2023

testing and measuring trading strategies

Investing in cryptocurrencies can be rewarding, but like any investment, it requires a strategic approach. The old saying, “What gets measured gets managed,” rings true in crypto trading. Understanding how your strategy performs is essential for success. In this article, we’ll explore how to maintain a trading journal and harness the power of algorithmic platforms, specifically Aesir, to optimize your trading efforts.

Keeping a Trading Journal

A trading journal is more than just a record of transactions; it’s a window into your trading psyche, habits, and strategy outcomes. Properly maintained, it can reveal patterns, strengths, and areas of improvement.

Creating a Trading Journal

Interpreting the Journal

After logging several trades, periodically review your journal:

Drawing Conclusions

It’s tempting to make conclusions after a few trades, but resist the urge. Wait until you have a substantial amount of data before making any significant strategy modifications. Ideally, you’d want several weeks or even months of consistent logging.

Using an Algorithmic Cryptocurrency Trading Platform

Algo crypto trading platforms such as Aesir allow traders to quickly and efficiently test, and log and measure the performance of their trading strategies with the use of Cryptocurrency Trading Bots. Another advantage that these platforms hold is that by allowing a trading bot to execute your strategy, you eliminate variables such as interpreting signals, timing and more importantly emotional reactions to market movements, making it easier to draw conclusions about the performance of the strategy itself.

Crypto trading bots generate automated logs

Manual logging is prone to errors. Aesir automates this process, recording every trade detail, and presenting it in an easy-to-understand format, so that you can focus on creating trading strategies rather than having to log and file away your trading performance.

How to get started with algorithmic trading

To get started simply create an account on Aesir and start building your trading strategy in Create New Strategy. Alternatively, if you don’t currently have a trading strategy that you’re looking to test and automate, you can head over to the Social Hub. Here you can see the profitable strategies that other traders are running, and you an even clone them with a single click.

Once you have a trading strategy, Start it paper trading more, checking in regularly to see how it performs. If you’re happy with your strategy’s performance, it’s time to deploy it on the live market.


Whether you prefer trading manually or using an algorithmic cryptocurrency trading platform testing and measuring the performance of your strategy is key to your trading success.


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