Hi guys, Before I explain the strategy, here is a little story.
Not earlier than yesterday, I got a very constructive comment: "Why should I buy your scripts ? If really they were working you would be on permanent vacation."
The guy was right and I think the same towards people who sell their knowledge on the internet.
However what he didn't know is that I was a finished my studies not long ago and that my capital for trading right now is exactly... 393.84 USDT. This means that in order to make a living with it I'd have to make 300% a month using 100% of my equity.
But he is right.
DO NOT buy my scripts yet !
Let's see if I can become rich using my own script.
In this idea I will post below all my trades, even if they are catastrophic.
This is why I will ask you to smash the like button in order to receive updates and see what happens ! (And if you don't like you can always tell me you how much you hate me in the comments)
Note: I use a trading bot for placing my orders on Binance. Thanks to the TradingView and Autoview teams, I do not have to manualy place the orders.
Let's move on to the strategy.
DUAL STRATEGY : Bitcoin and BNB
Rules: as a hobbyist in trading, I prefer not to use leverage or shorts. This is why I will only buy and sell on Binance.
Initial Capital : 393.84 USDT
Goal : Beat Buy & Hold ie. perform better than a holder during the whole period of the strategy.
How it works : It is called the Dual Strategy because I use two strategies in parallel.
The idea is to make a bit more Bitcoin than a single strategy would do.
1. a strategy for BTC/USDT in 4h. When a Buy Alert triggers, I buy BTC with my USDT. e=binance s=btcusdt b=buy t=market q=97% (Autoview Syntax) When a Sell Alert triggers, I sell BTC for USDT and I sell BNB for USDT. e=binance s=bnbusdt b=sell t=market q=97% e=binance s=btcusdt b=sell t=market q=97%
2. a strategy for BNB/BTC in 5m When a Buy Alert triggers, I buy BNB with my BTC. e=binance s=bnbbtc b=buy t=market q=97% When a Sell Alert triggers, I sell BNB for BTC. e=binance s=bnbbtc b=sell t=market q=97%
As you can see, the 2nd strategy will automatically stop working when Bitcoin is crashing, because I will simply not have any BTC on my account.
Last signal on the BTC Strategy was a sell so right now I am in USDT : 393.84 USDT
Let's get started ! What will happen next ? I can't wait.
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The first trade happened ! BTC Broke resistance and my bot bought
This means I know moved from USDT to BTC and it unlocks the BTC/BNB Strategy to begin.
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BNB buy signal triggered ! Unluckily it's a fakeout and it's probably going to hit the stop loss.
BTC is going up, meaning we stay in our BNB/BTC Strategy. Remember the goal is to make the most BTC possible: when BTC climbs we get into an altcoin and perform better than BTC.
BNBBTC Strategy which triggered a trade. 1% Take profit secured profits. (Previous trade with the old strat was a loss, bought 0.004093 sold at 0.0040404)
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BTC still going up, and a BNB trade triggered but it's a stop loss..
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A little update even though no trade triggered since last time, Because I updated my script Bands Pro Trader V1 to add the Stop Loss and Take Profit feature. I used it to set a trailing stop that will secure profits when Bitcoin reverses (which I think is going to happen soon).
About BNB, it's falling since last time so no Buy signal triggered, I will maybe switch my second strategy to a coin performing better than BTC, but that will not matter if BTC reverses as expected.
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BNB triggering a Buy signal after several days or bear market.
And I am still in this Buy trade with BTC !
Trade ativo
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2 successful trades on BNB !
Meanwhile on the dual BTC strategy, we are on a ~40% move up. I reckon this is a lucky start. I will update tomorrow where my capital is now.
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Danmit guys, I just sold now after realising Binance had reset its API keys. So the order this morning didn't happen ! Still a 32% profit trade though.
My capital is now 501.89822985 USDT !
I will update tomorrow what I will do now. Probably try another strategy in the altcoin market, and I gotta release a new version of indicator, so I will try it.