xmr longer term upside
Updated
I have trend following quant strat which i follow. it is based on daily charts, back tested on many crypto markets, works on largest coins such as BTC, ETH, XMR, FTC and other.
You can see statistics of my strategy in the picture. I have 3.3 profit factor, meaning when i win - i win 3.3 lots, when i lose - i lose 1 lot. Though i do scaling (3 times) for market entry and do exit in single market close.
i had first xmr long at 0.0113, then two more confirmations and trades were done in the next two days. my exit would be around 0.01278. entries and exit are moving, so i keep updating them based on price action.
Longer term trend line confirms we are in uptrend market. let's see how it plays out. while strategy is based on daily charts, this could be larger trend.
You can see statistics of my strategy in the picture. I have 3.3 profit factor, meaning when i win - i win 3.3 lots, when i lose - i lose 1 lot. Though i do scaling (3 times) for market entry and do exit in single market close.
i had first xmr long at 0.0113, then two more confirmations and trades were done in the next two days. my exit would be around 0.01278. entries and exit are moving, so i keep updating them based on price action.
Longer term trend line confirms we are in uptrend market. let's see how it plays out. while strategy is based on daily charts, this could be larger trend.
Trade active
trade is active. xmr held well during btc rally, which is comforting. nothing changed from beginning of trade. so for now it is waiting game.Comment
position is doing nicely. we adjust stops at 0.0135.Trade closed: stop reached
strategy says to market close the trade. we close the trade with small profit.Disclaimer
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