UPDATE: Revised Lazy Trader for #Bitcoin profit $11,126,800.14
Here are the NEW rules
1. We only use Weekly chart for buy and sell signals
BUY:
Weekly candle must be above the 20MA
Stochastic RSI upward but not above 80
MACD at least 3 histogram bars in a reverse swing buyers momentum
if all rules are met buy on the week start
Sell:
Sell 50% if Stochastic RSI has been above 80 and drops below - sell into the 2nd week of it being triggered
this changes the outcome to $11,126,800.14 from $8,299,810.26
(buy back in if ALL BUY RULES ARE MET)
if the candle closes below the 20MA sell the rest of the 50% or all
#NOTE this can be highly more profitable with a bit of tweakingChanging
1. We only use Weekly chart for buy and sell signals
BUY:
Weekly candle must be above the 20MA
Stochastic RSI upward but not above 80
MACD at least 3 histogram bars in a reverse swing buyers momentum
if all rules are met buy on the week start
Sell:
Sell 50% if Stochastic RSI has been above 80 and drops below - sell into the 2nd week of it being triggered
this changes the outcome to $11,126,800.14 from $8,299,810.26
(buy back in if ALL BUY RULES ARE MET)
if the candle closes below the 20MA sell the rest of the 50% or all
#NOTE this can be highly more profitable with a bit of tweakingChanging
Comment:
Forgot to mention there were 10 trades beginning on the 17th Sept 2012 and each trade is compounding
