Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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GoombX is an MA and stoch RSI based indicator which looks for particular crosses to identify strong trends.
It produces clear signals for:
- LONG ENTRY when it detects a significant MA cross and the right stoch RSI conditions - LONG EXIT when certain stoch RSI conditions are met - LONG STOP when price moves x% below entry (default 10%)
- SHORT ENTRY when it detects a significant MA cross and the right stoch RSI conditions - SHORT EXIT when certain stoch RSI conditions are met - SHORT STOP when price moves x% above entry (default 10%)
It is best fitted for 1D charts
NOTES
This is the Strategy version of GoombX for backtesting purpose only (stops in October 2019) I strongly recommend backtesting with fees if you plan on using GoombX for automated trading A signal is only definitive once the trigger candle has closed