BTC 50K possible. Await 4H close
If 4H candle closes like this 4H long signal is given by L1000X offset.
Backtest results of this and MACD are misleading, you can get more profit by taking it into your own hands to take profit at the top or bottom so keep that in mind.
Also Max drawdown will be less if you are taking your own exits.
Other things to note: You will not take positions opposite of the trend
RUN UP is the important part of a signal given by two lines crossing indicator
As a baseline test with TV strategy tester L1000X Offset Strategy is 3.85X more profitable than MACD in BTC 4 Hour
Backtest results of this and MACD are misleading, you can get more profit by taking it into your own hands to take profit at the top or bottom so keep that in mind.
Also Max drawdown will be less if you are taking your own exits.
Other things to note: You will not take positions opposite of the trend
RUN UP is the important part of a signal given by two lines crossing indicator
As a baseline test with TV strategy tester L1000X Offset Strategy is 3.85X more profitable than MACD in BTC 4 Hour
Disclaimer
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.