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Implementasi Strategi Trading Cryptocurrency Menggunakan Indikator QMI: Perspektif Sebelas Tahun pada Bitcoin (2013–2024) Windra Swastika; Tarsisius Renald Suganda; Rino Tam Cahyadi
Jurnal Nusantara Aplikasi Manajemen Bisnis Vol 10 No 2 (2025): Jurnal Nusantara Aplikasi Manajemen Bisnis
Publisher : UNIVERSITAS NUSANTARA PGRI KEDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/nusamba.v10i2.25032

Abstract

  Research aim : This study aims to develop and test the effectiveness of a Quantitative Market Indicator (QMI)-based trading strategy to optimize Bitcoin investment returns while managing risk through controlled position allocation.. Design/Methode/Approach : The research follows five stages: data preprocessing, market indicator calculation, trading strategy design, performance analysis, and visualization. The QMI integrates three key indicators—Puell Multiple, Golden Fibonacci Index, and Pi Cycle—to identify market cycles and trend reversals. The systematic trading strategy applies buying rules when QMI < 20 and selling when QMI > 80, allocating 3% of capital for each transaction. Research Finding : The QMI strategy generated 1,101 transactions (479 buys, 622 sells), achieving a 12,670.71% return with an initial capital of USD 1,000 growing to USD 127,700.32. The maximum drawdown was 32.4%, the win rate 68.5%, and the Sharpe ratio 2.1, indicating strong performance with controlled risk. Theoretical contribution/Originality : This study introduces the integration of the Fibonacci sequence and the golden ratio in market cycle detection, enhancing prediction accuracy in volatile crypto markets. Practitioner/Policy implication : The QMI model provides a structured decision-making framework for crypto investors, emphasizing disciplined trading and adaptive risk management. Research limitation : Further development should integrate market sentiment and dynamic thresholds to refine model robustness.
Co-Authors Alysha Iswanti Sutrisna Andarvici, Akta Aruna Anugrah, Audito Aji Audito Aji Anugrah Ayu, Regina Diah Retno Bagas Brian Pratama Basory, Hartomy Akbar Catharina Aprilia Hellyani Catharina Aprilia Hellyani Catherine Agatha Soesanto Cecilia Deandra Christina Indranatan Cesatyanegara, Nadine Ranisyademas Hawidiajati Chen, Noriko Christiawan, Giovanni Clarissa, Felicia Daniel Happy Putra Daniel Sugama Stephanus Dewany, Amanda Salsa Dian Wijayanti Dian Wijayanti Dian Wijayanti Djie, Jonathan Felizio Endang Mardiati Eva Monica, Eva Flavian Naretius Gunawan Fulvian Wahyu Danendra Mangkuluhur Giovanni Christiawan Munaiseche Halim, Dorothy Srikandi Hardana, Richio Putra Hariono, Michael Wijayanto Helios, Christover Hendriyanto, Felensia Clara Santa Ingrid Susanto Jedija, Jehu Jerri Benardus Junaidi, Thitania Chatrine Lembut, Putu Indrajaya Liem Gai Sin Lilik Purwanti Lituhayu, Anagata Salsabila Marcelino Andrew Melinda, Debby Melyana Handoko Oktariani, Fitri Peter Jonathan Pratama, Bagas Brian Priswanti, Sheril Putrianto, Novenda Kartika Rachel Widya Fernanda Rhenaldy Pius Wicaksono Rohim, Yasin Nur Rollando, Rollando Sahala Manalu, Sahala Sammy Gerald Sentosa Santi Widyaningrum Santi Widyaningrum Sentosa, Sammy Gerald Setia Andrew Nugraha Sondakh, Aisvaryachandra Philea Sugiarto, Christopher Mael Sunaryo, Sherly Natalia Susanto, Ingrid Susilo, Yenita Sutrisna, Alysha Iswanti Tarsisius Renald Suganda Tarsisius Renald Suganda Tarsisius Renald Suganda Uki Yonda Asepta Wachyudi, Stefanny Wahyono, Seno Aji Wijaya, Leona Amelia Wijaya, Steffany Natalie Windra Swastika Yudhi Kurniawan