Very simple trading strategy for weekly charts.
Buy:
After close of 2nd green candle in weekly chart
Sell:
After close of 2nd red candle in weekly chart
Take profit:
Next short/long?
Stop loss:
Open of the first green/red candle? Maybe lowest/highest point of the first green/red candle?
I did some backtesting without stop loss and take profit with this settings:
Initial captial: 1000$
Order size: 1000$
Pyramiding: 0
Commission: 0.5%
For 2016-now the strategy would've made a profit of 419%. If you always invest 100% of your capital (so start capital + all profits) the profit should be higher then simple holding bitcoin. Profitable trades 46%, Avg Trade 15% profit.
Let me know what you think about this strategy. Maybe there is room for combining it with an indicator to increase the amount of profitable trades.
Backtest for 2018-now:
Buy:
After close of 2nd green candle in weekly chart
Sell:
After close of 2nd red candle in weekly chart
Take profit:
Next short/long?
Stop loss:
Open of the first green/red candle? Maybe lowest/highest point of the first green/red candle?
I did some backtesting without stop loss and take profit with this settings:
Initial captial: 1000$
Order size: 1000$
Pyramiding: 0
Commission: 0.5%
For 2016-now the strategy would've made a profit of 419%. If you always invest 100% of your capital (so start capital + all profits) the profit should be higher then simple holding bitcoin. Profitable trades 46%, Avg Trade 15% profit.
Let me know what you think about this strategy. Maybe there is room for combining it with an indicator to increase the amount of profitable trades.
Backtest for 2018-now:
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.