LOOKING BULLISH AS BITCOINS PRICE ACTION IS RESPECTING THE 15-EMA AS MY TRIGGER TO TAKE LONG WHEN CANDLE HAS CLOSED ABOVE AND SHORT WHEN CANDLE CLOSES BELOW, IM USING ALSO (CM) EMA TREND CANDLE COLOR SO ITS EASY TO SPOT WHEN THE BITCOIN PRICE CROSSES ABOVE (ORANGE) CANDLE FOR LONG AND (WHITE) BELOW FOR A SHORT POSITION, USING THE (4) INDICATORS (MACD,RSI,VWAP, CROSSOVERS ) as 4 confirmations and signals that the trend is going strong in that position/direction , Aswell as the (PSAR) dot to show trend direction , will not take any trade position until all (5) are confirmed and in synergy /insync , now to exit position you use the 15-EMA aswell to exit and reverse position . normally I would not recommend using high leverage but with this strategy u can use higher then normal leverage because your taking a trade position in a very strong trend with (5) confirmations/signals that are telling you the direction is strongest as each signal/crossover happens and 9-10 times the opposite direction has already been exhausted and ran out of steam for it to whiplash on your position and turn direction on your position, I use a 50% profit and 50% stop loss as I know the r/r risk/reward seems not traditional and many would say it’s not good but mathematical it does make sense because u have the strength of the trend going in your direction and favor, anyway I made this strategy as a hybrid of many different indicators, EMAS , strategy’s, , I tweaked all settings on each EMA, I use mcginley (MDI) mcginley dynamic indicator for the EMA (moving average to smooth them out with less whip saws,
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.