uahmad99

BTCUSD- Just when we thought bullish, we come up short ;)

COINBASE:BTCUSD   Bitcoin
6-Aug - Long Signal, followed quickly by a Short signal on 7-Aug.

Strategy backtest:
12 closed trades over 2 months
PNL = +60.4%
Max Drawdown = 7.9%


Legend:

(NB: Will expand out all combinations in next idea)
  • Green box showing: Long --> bollinger bands , macd , fibonacci crossed and RSI not-crossed
  • Blue box showing: Long --> bollinger , RSI crossed and macd or fibo not-crossed
  • Red box showing: Short --> bollinger bands , macdm fibonacci crossed and RSI not-crossed
  • Orange box showing: Short --> bollinger bands , RSI crossed and macd or fibo not-crossed
  • Blue arrow: BUY POSITION OPENED / OPEN SELL POSITION CLOSED
  • Red arrow: SELL POSITION OPENED / OPEN BUY POSITION CLOSED

Strategy

Refer to related ideas below for detail into strategy, which works well with only high volume/volatile coins.

Summary: All indicators must cross to give a strong buy/sell signal
i.e. fibonacci lines, bollinger bands , macd , rsi must be crossed simultaneously.
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