[BoTo] Pump&Dump Strategy

15 Eyl 2018

This strategy uses only long positions. It isn't used short positions, it doesn't use marginal trade, it doesn't use a pyramiding.

It is strategy uses only one indicator. Ourselves have constructed the indicator for cryptocurrencies. We called it 'Pump&Dump Ocsilator'. You can read as this indicator works here:

Not usual stop

Strategy uses 2 ways for closing of an unprofitable position. But it is possible to use only one way.

Way 1: if the indicator has distinguished a dump, then the long position needs to be closed when the candle is closed (for an example: to close a position when time 00:00 if you have chosen daily timeframe)

Way 2: the user himself chooses the size in settings of this script. Percent. If the user has chosen 100%, means isn't used absolutely. Because the price will never fall by 100%. If the user has chosen less than 100%, for example 5%, then the long position needs to be closed if the low of a candle was less than this price level of choosed stop-loss. But the position needs to be closed too when the candle is closed.

Strategy

A pump-signal: if the candle green and her body is 3 times more than norm
A dump-signal: on the contrary, if the candle red and her body is 3 times more than norm

For opening of a long position: it is necessary any pump-signal (if the position hasn't been open yet)
For closing of a long position: several ways:

1) Or any dump-signal is necessary
2) Or a stop-loss which was chosen by the user is necessary