I would like to introduce a very simple strategy to buy lows and sell with minimal profit This strategy works very well in the markets when there is no clear trend and in other words, the trend going sideways this strategy works very well for stable financial markets like spx500, nasdaq100 and dow jones 30
two indicators were used to determine the best time to enter the market: volume + rsi values
volume is usually the number of stocks or contracts traded over a certain period of time. Thus, it is an important indicator of market activity and liquidity. Each transaction constitutes an individual exchange between the buyer and the seller and constitutes the trading volume of a given instrument or asset.
The RSI measures the strength of uptrends versus downtrends. The signal is the entry or exit of the indicator value of the oversold or overbought level of the market. It is assumed that a value below or equal 30 indicates an oversold level of the market, and an RSI value above or equal 70 indicates an overbought level.
the strategy uses a maximum of 5 market entries after each candle that meets the condition uses 5 target point levels to close the position:
tp1= 0.4% tp2= 0.6% tp3= 0.8% tp4= 1.0% tp5= 1.2%
after reaching a given profit value, a piece of the position is cut off gradually, where tp5 closes 100% of the remaining position each time you enter a position, a stop loss of 5.0% is set, which is quite a high value, however, when buying each, sometimes very active downward price movement, you need a lot of space for market decisions in which direction it wants to go
this strategy is used for automation, however, I would recommend brokers that have the lowest commission values when opening and closing positions, because the strategy generates very high commission costs
Hello, I tried to use your strategy to connect with the 3commas robot for a simulation test. There was a problem when creating an alarm on TV, and the transaction exit alarm was always triggered, but there was no entry transaction at this time. Can you tell me how to solve this problem? thank you.
av.getman
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repaint
ks1267
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Thanks for the great work. However, Deep back testing shows negative result in the past 2 years :(
wielkieef
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@ks1267, Looks like buying the f dip is not the best strategy "all the time " :D
Ether2020
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Looks good, my friend! Thank you, will test it.
xintao0221
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如何适用于合约策略 我测试只能做多信号 没有做空信号，可以添加一个合约的做空信号吗？
JesusSUrdaneta
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I tried it with the Sushi Usdt and IMX usdt tokens, it works fine, as I activate the output signal. in the json?
wielkieef
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@JesusSUrdaneta, be careful with altcoins , these moves are so wild
behnamkaka73
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Hello Is the BTFD strategy only used for buying? And how can I get more time to backtest it to find out if the strategy is strong?