BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
-If this is in the wrong section I apologize!
I am a new trader and I am trying to buy and sell small amounts in short amounts of time..I am trying to configure my chart with the pivot reversal strategy and the SMI oscillator. It seems like the default values (especially for the PRS ) do not give good indication of when to buy and when to sell. The red indicating to sell are usually lower than the blue arrows indicating when to buy. Also the little ticker at the top always shows the sell price being lower than the buy I am trying to figure out what input values I can put in so that I can sell high and buy low...thank you all so much!
Using this strategy is a nonsense:
- profit ratio: 1.224 - slightly better than a flip coin
- sharp ratio: 0.11 - terrible

First of all, find a strategy that works for more than one crypto and has profit ratio > 2
I use a filter for long and for short so in uncertain periods I stay flat.
I have investment period > 3 days so I don't use 15 minutes chart
I also have a separate strategy for long and for short as it is based on greed and fear which works differently.
Position size can be a part of the strategy as well, for example, I use ATR and entries are bigger in a calm market and small or none on volatile.

Looking at your chart, I don't see why you can't buy the lower blue before the red, then sell on red, buy blue for low, it goes up sell red. The very last pair looks like its telling you to sell because you might need stop loss after the last buy.
LucidOne LucidOne
Example: If you had bought on 12/25 at 21:30, then sold on 12/26@5:15 you'd profit.
LucidOne LucidOne
One more for you: That last pair, if you had bought at 12/28 @ 9:00, it was followed by a significant bear signal so it was basically saying 'cut your losses' and sell at 11/28 @11:15 so you'd protect your money. You can always ignore that sell and hold (hodl) if you feel the market will go long in the end. If that is the case, wait for the next red signal after the market rises above your buy-in.
@LucidOne, thank you so much !
LucidOne cryptobing01
@cryptobing01, You're welcome, and good luck. @wierzbix83 does make a good point about choosing your indicators carefully. I would suggest to find 2-3 indicators that work well for you, then develop a strategy. Use the Long and Short tools to test your ideas before you spend money. Once you start seeing your pretend buys and sells working out well, go in with some actual funds. My reputation isn't high enough to link, but you can search online for this article for more info "CHARTING ESTIMATE PROFITS WITH THE NEW LONG & SHORT POSITION DRAWING TOOL"
than use red to buy and blue to sell :D
cryptobing01 marko.pasuld
@marko.pasuld, the problem is that sometimes the red is lower than the point is that it is inconsistent
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