Bitcoin Scalper [30MIN]

wielkieef Premium Updated   

This is such interesting bot

Best performance as always on this pair BINANCE:BTCUSDTPERP

It was placed with the swing market in mind, but also copes well with the trend
the bot has quite interesting combinations of indicators with highly optimized values
the bot has two different entry points
the first is for the swing market to use The Relative Momentum Indexas the main indicator

the second condition to open a position is the combination of ADX , Cloud, Mfi and Volume indicators
this condition helps the bot to adapt to the trend


This bot uses indicators such as:

ADX - Is one of the most powerful and accurate trend indicators. ADX measures how strong a trend is, and can give valuable information on whether there is a potential trading opportunity.
RMI - The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
This results in an RSI that is smoother.
RSI - value helps strategy to stop trade in right time. When RSI is overbought strategy don't open new longs , also when RSI is oversold strategy don't open new shorts
MFI - TREND STRENGHT - (The Money Flow Index ( MFI )) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100.
VOL - is the most important indicator for the strategy, to avoid open trades on flat chart, new trades are open after a strong volume bars.
Cloud - This is one of the newset indicators I'm using. This indicator helps strategy , this indicator is designed to indicate the correct market trend. By applying the great length of this indicator, I am able to notice a change in the trend a little later, but more accurately.

additionally, it uses funcks of movable support and resistance points
has an amazing result on a maximum leverage of 2x splitting into a 2-step scale based on the volume of the preceding candle

TP: 2%
SL: 8%

using these settings allowed me to get 81.5% profitable trades at high tp

I think it's worth testing, best regards and enjoy;)

Release Notes: added S/R breakouts colored bars

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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