Crypto Jimboo's Algo V3
Hey Everyone!
This is the third published version of my algo, Crypto Jimboo's Algo! I am an amateur coder and developer learning each day. This is my attempt at utilizing price action, some market data, and moving averages to make more successful trades. So far, it has proved to be pretty useful. If you are a beginner trader and you are looking for some help on learning how to read charts and understand price action - try this out. I will continue to try to add to it and make it better with time. I have seen success on the 5m, 15m, 1hr, 2hr, 4hr, and daily timeframes to this point. I have left the option of including or not including candlestick indicators/patterns in the settings options of the Algo (it will automatically add the candlestick patterns to the chart until you go into the settings of the indicator and check whatever ones you do not want off). Additionally, I left it so that the colors on the algo can be modified to the user's liking. You can also use the alert dialogue box to set alerts to your computer, email, and phone!
Best of luck and let me know how it works, please!
I have placed my strategy and a snapshot of how my chart looks below.
5m, 15m, 1hr, 2hr, 4hr, and Daily Timeframe Strategy
• For Buy – Ensure the price action is not at the top of the Bollinger Bands (purple lines in the snapshot), the price action is trading above all EMA lines (many blue lines), and check for a green trend catcher (the centerline that turns green and red as the price fluctuates). If the above is true, open a long position.
• For Sell – Ensure the price action is not at the bottom of the Bollinger Bands, the price action is trading below all EMA lines, and check for a red trend catcher. If the above is true, open a short position.
This is the third published version of my algo, Crypto Jimboo's Algo! I am an amateur coder and developer learning each day. This is my attempt at utilizing price action, some market data, and moving averages to make more successful trades. So far, it has proved to be pretty useful. If you are a beginner trader and you are looking for some help on learning how to read charts and understand price action - try this out. I will continue to try to add to it and make it better with time. I have seen success on the 5m, 15m, 1hr, 2hr, 4hr, and daily timeframes to this point. I have left the option of including or not including candlestick indicators/patterns in the settings options of the Algo (it will automatically add the candlestick patterns to the chart until you go into the settings of the indicator and check whatever ones you do not want off). Additionally, I left it so that the colors on the algo can be modified to the user's liking. You can also use the alert dialogue box to set alerts to your computer, email, and phone!
Best of luck and let me know how it works, please!
I have placed my strategy and a snapshot of how my chart looks below.
5m, 15m, 1hr, 2hr, 4hr, and Daily Timeframe Strategy
• For Buy – Ensure the price action is not at the top of the Bollinger Bands (purple lines in the snapshot), the price action is trading above all EMA lines (many blue lines), and check for a green trend catcher (the centerline that turns green and red as the price fluctuates). If the above is true, open a long position.
• For Sell – Ensure the price action is not at the bottom of the Bollinger Bands, the price action is trading below all EMA lines, and check for a red trend catcher. If the above is true, open a short position.
Release Notes:
Changed chart title to V3 for the update.
Release Notes:
Updated version name to allow for updates.