Bitcoin Bandit
Introducing "Bitcoin Bandit".
The market beating trading algorithm for Bitcoin .
"Bitcoin Bandit" buys and sells based on three proprietary indicators:
• Futures contract data
• Accumulation areas and various moving averages.
• Bitcoin hash rate
The indicator is unique because it doesn't give significant weight to historical price to predict future price action; instead it uses BTC hash rate momentum and futures contract data from BTCUSDPERP (transformed through various internal processes) as proxies for sentiment to look for buy and sell zones, then uses accumulation of moving averages as supporting data for signal delivery.
The strategy was built on two years of Binance data and and backtested on five years of Bitcoin data (Coinbase: BTCUSD ).
Finally, the strategy was validated over multiple investment time frames (5 years, 2 years, 1 year) without prior parameter adjustment.
Strategy backtesting checks include:
• 0.60% trading commission fees (the highest possible).
• No Heiken-Ashi candles (to preserve accuracy)
• No Stop-Losses
• Market orders only
The results speak for themselves.
See the positive excess return from the “Bitcoin Bandit” strategy returns versus a simple Bitcoin “Buy-and-Hold” strategy. "Bitcoin Bandit" is designed to function only on the Daily time frame of the BTCUSD trading pair.
Does it Repaint?
• Our indicator does NOT repaint. Although while setting an alert it may pop up the repaint alert, please take into consideration that once a signal is fired on a "CLOSED BAR", the signals will never disappear, they do not repaint.
What Markets is it usable with?
• BTCUSD on the Daily timeframe .
• Bitcoin Bandit can be applied to any chart or altcoin, but results will be unpredictable as this indicator is designed specifically for Bitcoin trading.
How to use:
• Simply plug and play it to your chart. You can also connect TV alerts with a bot and let it run. Please be aware that SLIPPAGE time is important, If you run a bot on this indicator you HAVE to know that the buy/sell price will be on the bar AFTER the Candle close (For example: the BUY/SELL alert is on a candle, the buy/sell your bot or you will execute WILL be in the following candle depending on your trading system. Bitcoin Bandit only works on the Daily timeframe on the BTCUSD trading pair. Please contact us if you do not understand how to use it.
Disclaimer: Nothing stated is financial advice, and is purely for education purposes. We do not promise all trades are profitable, the use of this indicator is up to your own judgement and liability.
The market beating trading algorithm for Bitcoin .
"Bitcoin Bandit" buys and sells based on three proprietary indicators:
• Futures contract data
• Accumulation areas and various moving averages.
• Bitcoin hash rate
The indicator is unique because it doesn't give significant weight to historical price to predict future price action; instead it uses BTC hash rate momentum and futures contract data from BTCUSDPERP (transformed through various internal processes) as proxies for sentiment to look for buy and sell zones, then uses accumulation of moving averages as supporting data for signal delivery.
The strategy was built on two years of Binance data and and backtested on five years of Bitcoin data (Coinbase: BTCUSD ).
Finally, the strategy was validated over multiple investment time frames (5 years, 2 years, 1 year) without prior parameter adjustment.
Strategy backtesting checks include:
• 0.60% trading commission fees (the highest possible).
• No Heiken-Ashi candles (to preserve accuracy)
• No Stop-Losses
• Market orders only
The results speak for themselves.
See the positive excess return from the “Bitcoin Bandit” strategy returns versus a simple Bitcoin “Buy-and-Hold” strategy. "Bitcoin Bandit" is designed to function only on the Daily time frame of the BTCUSD trading pair.
Does it Repaint?
• Our indicator does NOT repaint. Although while setting an alert it may pop up the repaint alert, please take into consideration that once a signal is fired on a "CLOSED BAR", the signals will never disappear, they do not repaint.
What Markets is it usable with?
• BTCUSD on the Daily timeframe .
• Bitcoin Bandit can be applied to any chart or altcoin, but results will be unpredictable as this indicator is designed specifically for Bitcoin trading.
How to use:
• Simply plug and play it to your chart. You can also connect TV alerts with a bot and let it run. Please be aware that SLIPPAGE time is important, If you run a bot on this indicator you HAVE to know that the buy/sell price will be on the bar AFTER the Candle close (For example: the BUY/SELL alert is on a candle, the buy/sell your bot or you will execute WILL be in the following candle depending on your trading system. Bitcoin Bandit only works on the Daily timeframe on the BTCUSD trading pair. Please contact us if you do not understand how to use it.
Disclaimer: Nothing stated is financial advice, and is purely for education purposes. We do not promise all trades are profitable, the use of this indicator is up to your own judgement and liability.
Release Notes:
Adjusted style menu options so that "Pi Cycle Top" had correct title and two invisible plots were no longer included in the menu options. This reduced clutter and improved label accuracy.