Crypto Spot Market Bot | BacktestHello Friends.
This script is only for long positions.
How does the algorithm work ?
The Relative Momentum Index
Relative Strength İndex
Average Directional Movement İndex
Momentum
When rsi and adx produce signals in the same direction, the rmi indicator confirms the signal. After the Confirmed Signal, the buy-side transaction is entered , the closed according to the % of profit taking and stoploss specified on the algorithm in the entered transaction.
In the spot market, it is possible to make money even in a down trend
All shared charts run within a 1-hour time frame.
Note : The shared backtest results have been shared as of 9/9/2021 by calculating 50% balance and 2 pyramiding methods in an account of 1000 dollars. Keep in mind that this algorithm will want to try to average down in possible worst-case scenarios. 2% - %3take profit levels will provide consecutive gains in the spot market.
How should the adjustments be made?
Value variables should be made according to formula a and formula b values and backtest results. You can increase the frequency of transactions by lowering the adx and rsi values.
Overview :
Temel Analiz
Buy Any Bar By ChenycoBuys amount of shares by bars with specified amount of money (100$ for a month bar for example).
Including commissions.
Stupid strategyStrategy with simple stop-loss and take-profit in percentage. If last trade was a successful one then repeat it. If not successful - do a reversal trade.
