T.T.T "Trade with The Trend" Bitcoin /USD Strategy
50% profitable strategy with a little over $32,000 in profits during backtest!
I created this strategy specifically for Bitcoin /USD with the following idea:
To go LONG or SHORT when there is a strong trend in place in order to realize maximum profits
Steps taken to achieve such results were:
1) Go Long when the 13 EMA crosses above the 55 EMA and Go Short when the 55 EMA crosses below the 13 EMA
Problem with EMACROSS is that they work great with a strong trend but not so good when the trend is sideways
Solution:
We add a condition using the RSI indicator as follows:
a) Go Long when the 15EMA crosses above the 45EMA AND when the RSI crosses above 50
b) Go Short when the 15EMA crosses below the 45EMA AND when the RSI crosses below 47
By using the RSI in the above manner we are able to filter out a lot of the choppy price action
We then added a second condition to go long or short ONLY when the ADX is above 25
As you know the ADX measures the strength of the trend.
A reading above 20 indicates a trend is in place.
To exit a trade, just like the entering, I used a combination of EMA crossings and RSI
Please Note: I will keep the strategy open (free of charge) for 30 days. Feel free to check it out and leave a comment/review if possible.
Feel free to follow me on Twitter at @YogicCrypto
50% profitable strategy with a little over $32,000 in profits during backtest!
I created this strategy specifically for Bitcoin /USD with the following idea:
To go LONG or SHORT when there is a strong trend in place in order to realize maximum profits
Steps taken to achieve such results were:
1) Go Long when the 13 EMA crosses above the 55 EMA and Go Short when the 55 EMA crosses below the 13 EMA
Problem with EMACROSS is that they work great with a strong trend but not so good when the trend is sideways
Solution:
We add a condition using the RSI indicator as follows:
a) Go Long when the 15EMA crosses above the 45EMA AND when the RSI crosses above 50
b) Go Short when the 15EMA crosses below the 45EMA AND when the RSI crosses below 47
By using the RSI in the above manner we are able to filter out a lot of the choppy price action
We then added a second condition to go long or short ONLY when the ADX is above 25
As you know the ADX measures the strength of the trend.
A reading above 20 indicates a trend is in place.
To exit a trade, just like the entering, I used a combination of EMA crossings and RSI
Please Note: I will keep the strategy open (free of charge) for 30 days. Feel free to check it out and leave a comment/review if possible.
Feel free to follow me on Twitter at @YogicCrypto
BTC tip jar:
36odzmtd7c2J91YPCFLLQB3tnTn54LVPi6
https://twitter.com/FX_Baba
http://www.fxbabatrading.com
Need help with indicator creation?
https://www.upwork.com/freelancers/~014a4eacc3a1c444df
36odzmtd7c2J91YPCFLLQB3tnTn54LVPi6
https://twitter.com/FX_Baba
http://www.fxbabatrading.com
Need help with indicator creation?
https://www.upwork.com/freelancers/~014a4eacc3a1c444df