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)
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.
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.