Decision making at candle close: - Fuchsia Dot -> Sell at close. - Lime Dot -> Buy at close. - Purple Dot -> Buy at close. - Green Dot -> Sell at close. - Red cross lines, Buy/Sell at breakup/breakdown. - Blue cross (above candle): 1st -> Switch positions. - Blue cross lines: Buy/Sell on breakup/breakdown (If there are 2 or more ranges, use the extremes).
The arrows: Green = Successful Long. Blue = Failed Long. Red Successful Short. Purple = Failed Short.
I'm not trading this, just an experiment. I will be updating it everyday.
Comment
⋅
Full candle inside the range, after crossing down and holding the red dotted line is a buy.
Comment
⋅
Just following the rules. If it closes above the red dots, buy again.
Comment
⋅
Sideways since last time it told us to sell... :/
Comment
⋅
Bad trades.
Comment
⋅
One bad trade, one on going trade (probably will be good).
Comment
⋅
Very bad trades.
Comment
⋅
Bad trades.
Comment
⋅
So so, but might have catched the bottom ( I dont think its over tho).
Trade closed: target reached
⋅
Experiment done. Following the trades, if started with 1 BTC (6500 USD), now you would have 1.8 BTC(6502 USD). Didn't gain or lose USD but gained BTC. Keep in mind that this was very mechanic, no brain involved, just buy and sell following this indicator in the 4h chart. Now, if you add some context, a higher timeframe, the golden line and other factors to the decision making and of course some money management, the results could be much better. As I said, I'll publish the indicator for those that wanna give it a try.