Hi to everyone!
I would like to share to you an excellent method for trading BTCUSD on neutral and long positions.
I use a MA30 (moving average of 30 periods) + Elder's Bull and Bear Power indicators on H4 or D.
Buy process: When MA30 changes trend from downtrend to uptrend + candlestick is over the MA30 + both indicators are above 0 level = BUY
Sell process / Short operation: When MA30 changes trend from uptrend to downtrend + candlestick is below the MA30 + both indicators are below 0 level = SELL/SHORT
In the screenshot you have an example of buy but if you "make it yours" you will have all the backtesting with buy/sell. Enjoy it!
Already tested on BTCUSD on BTC-e and H4 and D from 2012 to today with excellent results and with LTCUSD with not good results.
Update 1: kakola has designed an indicator combining Elder's indicators with a crossover pastebin.com/sq2jbqBB
Update 2: For BTC in daily works but you have to use also TA to close positions better. For LTC doesn't work properly... I will backtest more altcoins.
Update 3: NMC works very profitable also in H4.
I would like to share to you an excellent method for trading BTCUSD on neutral and long positions.
I use a MA30 (moving average of 30 periods) + Elder's Bull and Bear Power indicators on H4 or D.
Buy process: When MA30 changes trend from downtrend to uptrend + candlestick is over the MA30 + both indicators are above 0 level = BUY
Sell process / Short operation: When MA30 changes trend from uptrend to downtrend + candlestick is below the MA30 + both indicators are below 0 level = SELL/SHORT
In the screenshot you have an example of buy but if you "make it yours" you will have all the backtesting with buy/sell. Enjoy it!
Already tested on BTCUSD on BTC-e and H4 and D from 2012 to today with excellent results and with LTCUSD with not good results.
Update 1: kakola has designed an indicator combining Elder's indicators with a crossover pastebin.com/sq2jbqBB
Update 2: For BTC in daily works but you have to use also TA to close positions better. For LTC doesn't work properly... I will backtest more altcoins.
Update 3: NMC works very profitable also in H4.