Get started

Simple

Very simple Bitcoin/Crypto Trading Strategy for Weekly ChartVery simple trading strategy for weekly charts. Buy: After close of 2nd green candle in weekly chart Sell: After close of 2nd red candle in weekly chart Take profit: Next short/long? Stop loss: Open of the first green/red candle? Maybe lowest/highest point of the first green/red candle? I did some backtesting without stop loss and take profit with this settings: Initial captial: 1000$ Order size: 1000$ Pyramiding: 0 Commission: 0.5% For 2016-now the strategy would've made a profit of 419%. If you always invest 100% of your capital (so start capital + all profits) the profit should be higher then simple holding bitcoin. Profitable trades 46%, Avg Trade 15% profit. Let me know what you think about this strategy. Maybe there is room for combining it with an indicator to increase the amount of profitable trades. Backtest for 2018-now:
BITSTAMP:BTCUSD
by nTla