Bitcoin Trading for Dummies

This is designed as a basic set of rules for trading Bitcoins. It is quite conservative for Bitcoin, but has been back tested to show that it's also historically highly profitable.

Chart Settings:

Set MA Cross at 9,21 on daily chart

Rules:
1) Always follow the rules
2) When MA crossover occurs trade in direction of crossover trend
3) When trading long have balance in Bitcoin
4) When trading short have balance in Fiat
5) When in doubt refer to rule 1

EDIT: Same strategy on Bitstamp starting on 2011-12-1 would give you a return of 1787%
www.tradingview.com/e/nFy07RhW/

Open Close Long/Short P/L %
1/12/2011 24/01/2012 Long 98%
24/01/2012 1/03/2012 Short 25%
1/03/2012 24/03/2012 Long -1%
24/03/2012 5/04/2012 Short -1%
5/04/2012 13/04/2012 Long 0%
13/04/2012 17/04/2012 Short -1%
17/04/2012 30/04/2012 Long 1%
30/04/2012 21/05/2012 Short 0%
21/05/2012 23/08/2012 Long 103%
23/08/2012 5/09/2012 Short -8%
5/09/2012 12/10/2012 Long 17%
12/10/2012 12/11/2012 Short 11%
12/11/2012 23/12/2012 Long 22%
23/12/2012 9/01/2013 Short 15%
9/01/2013 17/04/2013 Long 667%
17/04/2013 26/04/2013 Short -36%
26/04/2013 6/05/2013 Long 15%
6/05/2013 21/05/2013 Short 0%
21/05/2013 6/06/2013 Long 4%
6/06/2013 16/07/2013 Short 26%
16/07/2013 27/09/2013 Long 40%
27/09/2013 11/10/2013 Short -1%
11/10/2013 11/12/2013 Long 672%
11/12/2013 1/01/2014 Short 26%
1/01/2014 21/01/2014 Long 13%
21/01/2014 6/03/2014 Short 21%
6/03/2014 20/03/2014 Long -9%
20/03/2014 19/04/2014 Short 22%
19/04/2014 30/04/2014 Long 5%
30/04/2014 16/05/2014 Short 1%
16/05/2014 OPEN TRADE Long 39%
TOTAL TO DATE 1787%