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HOW-TO: Cyato Grid BotThe grid strategy is one of the most popular and interesting in the world of crypto and forex trading. Simply because it abuses volatility, market fluctuations, and those markets are well known for it. In this guide, I will explain the strategy and showcase a powerful grid trading indicator that can help traders to better understand and implement this strategy. █ The Key to the strategy It involves placing buy and sell orders at predetermined intervals or levels, called "Grid Steps". If a step is crossed to the downside, the strategy will buy. If price crosses a step to the upside, the strategy will sell. The last step to be crossed becomes inactive. When configuring the strategy, the process is pretty simple. The user can choose the number of steps with a higher and lower step price. With just these 3 settings, you can create a strategy. Now, the challenge with grid trading, is to optimize these 3 settings. █ Maximizing its effectiveness The first thing you want to do before even going into the settings is to find a suitable market for it. You want these 3 requirements:  • A ranging/going sideways market  • High volatility  • High liquidity For example, ETH/BTC is one of the most traded pair in grid trading. It has good volume for the strategy, behaves in a range since late 2021, and has decent volatility daily. █ Knowing the risks Very often, the lowest step is used as a stoploss. As with every trading strategy, there are risks and it is important to understand it. With grid trading, we take a bet that price will fluctuate in a range, and abuse that assumption to profit from price action. If price decides to leave the range, there is one scenario that will put us at risk. In the scenario where price breaks to the top, we are fine, this is take profit. However, if price breaks through the bottom (lowest step), we will find ourselves with a lot of buy orders above current price. That means we have unrealised loss. Now two difficult two choices are in our hands: sell at a loss, expecting price to go lower, and stop the strategy to start a new one at lower prices. Or wait until price climbs back up. In this example, we set a stop loss at 0.063 BTC below the lowest step, and price falls down to 0.048 BTC. If we decided to hold, the unrealised loss would grow bigger as price drops. Now that we know what are the risks, let's see how is profit calculated. █ Calculating Grid Profit We will have two types of profit when grid trading. One this called grid profit. Grid profit is generated every time a step is bought and sold at a higher price. The grid step "height" is the spacing between two steps, usually visualised in a % percentage of price. The sum of all the profits generated from the grid steps is the grid profit. The second type of profit is the open profit. This one is really important and should not be forgotten when calculating your strategy PNL. To put it simply, it is the profit or loss that would be realised if you would close all the open orders at current price. The open profit can vary a lot and it is crucial to know its value when you are looking to take profit or stop the strategy. In this example, I chose round numbers to make it easier. I used 2000 usd as initial capital for the strategy, which contains 20 steps. The strategy will therefore split this equally through the steps, so 100 usd per steps. I chose a grid step of 1.1% of price, which is makes around 1% after fees. It will consequently take 20 closed steps to generate 1% grid profit from the initial capital. After running the strategy for 74 days, we have 21 steps closed, which makes a tiny bit more than 1% grid profit in total. However, the open profit from the 12 orders still open is negative because price dropped. If we were to close all open orders and stop the strategy right now, the total profit would be 1.03 - 4.35 = -3.32 % We can see that it would not be a good time to stop the strategy, and shows that grid trading needs time to generate grid profit. That is why even though it is run on low timeframes, it remains a long term strategy. █ Cyato Grid Cyato Grid is a powerful indicator that can help to better understand and implement this strategy. I will now explain the key features and settings of the indicator, provide examples of how to use it in real-world trading scenarios, and offer tips and advice for maximizing its effectiveness. Backtesting As soon as you set the 3 settings - number of steps, lowest and highest price -, you will get results in the Strategy Tester and in the Backtest table in the top right of the chart. Those results will vary based on your strategy initial capital and order size. The order size being the amount to buy on each step, and is usually the same for each step. A good practice is to divide your inital capital by the number of steps to make sure you will never run out of funds to run the strategy. Order Type The strategy can be configured to use market or limit orders, as you prefer. With market order type, the strategy will place market orders at the current price every time a step is crossed. This allows to ensure that every order is filled, however you are subject to buy and sell a bit higher or lower than the exact grid step prices, and you will pay taker fees. With limit order type, the strategy will place limit orders. This allows to ensure that the strategy will buy and sell at the exact step prices and pay maker fees, which are usually less than taker fees. To make it work, the "Start Date" setting comes into place. Key Features  • Price percentage % step   Lets you set a price percentage between steps. The grid is then generated starting from lower or upper, configurable.  • Trailing Up    Automatically creates new steps when price climbs out of range.  • Trailing Stop    When trailing up is activated, the stop loss will dynamically follow the lowest price.  • Take Profit    Secure profits by stopping the strategy once total volume (grid profit and open profit) reaches a configurable percentage %. Automation You can fully automate the strategy through its alerts. Set the alert messages for buy, sell, take profit, stop losses directly in the indicator settings. Use the parameter "alert() function calls only" and you're good to go. It will use only 1 alert slot to run the whole strategy. Since it is not possible to place orders directly in TradingView, you will need a bot-software to do it. You can use any bot that work with TradingView alerts. Now, I offer a bot system for Binance along with the indicator. More info on my website, link below. Sample Use cases Crypto BNB/BTC BNB/ETH LTC/BTC Forex GBP/JPY EUR/JPY NZD/USD Tips and advice 1 — Set up the grid properly: Make sure you have a clear understanding of the asset you're trading and the market conditions that are affecting it. Set your grid levels based on your analysis of the asset's price movements and volatility. 2 — Adjust the grid as necessary: Keep an eye on market conditions and adjust your grid levels as needed. This will help you capture gains and limit losses as the market moves. 3 — Use proper risk management: Make sure you have a clear understanding of your risk tolerance and use appropriate risk management techniques, such as setting stop-loss orders, to limit your potential losses. 4 — Don't overtrade: Grid trading involves placing a large number of orders, so be mindful of transaction costs and don't overtrade. This will help you maximize your profits and reduce the potential for losses. 5 — Consider using automated software: Grid trading can be automated using software, which can save time and reduce the potential for human error. Consider using a reputable software provider and test your strategy thoroughly before using it in live trading. 6 — Keep a trading journal: Keeping a trading journal can help you evaluate your strategy and make improvements over time. Record your trades, including the grid levels and any adjustments you make, and evaluate your performance regularly. 7 — Stay disciplined: Stick to your strategy and avoid making emotional decisions based on short-term market movements. Stay disciplined and focus on the long-term profitability of your grid trading strategy. ═════════════════════════════════════════════════════════════════════════ █ SCRIPT ACCESS Indicator and automation tools access can be purchased on my website. The link is in my signature below.
Education
by cyatophilum
7
ETH BTC Updaterthe price is now in the most critical zone which will determine the immediate direction of the market! now the price has reached the second test of level 61.8 + in this zone we have support for the 100 moving average, and the trend one, which should give us good data for purchasing a large part of the market players, but if this level is not maintained, there is a chance of a correction to the level of 0.786 Fibonacci, which in turn will give a deeper correction to the market
Long
by IXO13
✳️ Ethereum Sideways For 1,000 Days...There is so much good information coming from this chart, that we will just ignore most of it and focus on the bottom line. Ethereum vs Bitcoin | ETHBTC – LONG-TERM ➖ An amazing bullish wave took place here from 2019 through 2021. ➖ A major support level was established mid-June 2022. ➖ In January 2024, after 1.5 years or 574 days; this support level was tested and holds. We have a candle marked, 8-Jan. '24. This is a reversal signal. The current session, 12-Feb. '24, trades at a higher low compared to 8-Jan. and is now green and moving above EMA10. We have a reversal signal and this week working as confirmation. It is still early though. ✔️ If the bulls follow through; if the blue trendline is broken or if ETHBTC moves weekly above 0.05680, we can expect higher prices long-term. ✔️ If there is a rejection and the June 2022 support breaks, we can expect the lower support level (0.04269) to be tested before any growth. My interpretation of the chart mixed with current market conditions is saying that this pair is more likely to grow in the coming weeks and months rather then retrace. 👉 I am bullish on ETHBTC. Namaste.
Long
by AlanSantana
5
ETH/BTC - Weekly OutlookHere are the main things you need to watch in relation to the ETH/BTC pair. Weekly symmetrical triangle (white trendlines). Important level of support (yellow line) also 0.236 of current FIB trend. Weekly RSI Bullish Divergence (same/lower low in pair vs higher highs in terms of strength). If we break above our resistance level of our triangle then our expected target would be the 0.618 around the psychological 0.1 level. This would represent 1 ETH = 0.1 BTC and would also be a 2x from the current levels.
by VIAQUANT
ETHBTC Ratio Death Cross ApproachingKey Points: • Death Cross: The ETHBTC ratio is nearing a death cross, where the 50-week average dips below the 200-week average, historically signaling a bearish trend for Ethereum relative to Bitcoin. • Altcoin Impact: Since altcoins often follow Ethereum's movement, this could lead to a decline in their value compared to Bitcoin. • Actionable Advice: The message urges you to consider divesting from altcoins and reevaluating your portfolio to minimize potential losses. Additional Considerations: • Market Timing: Predicting market movements is notoriously difficult. While death crosses can be a helpful indicator, they are not foolproof. • Investment Strategy: This message advocates for a risk-averse approach. Consider your overall investment goals and risk tolerance before making any drastic changes. • Do Your Research: Stay informed by following reliable crypto news sources and conducting your own research before making investment decisions. Final Thoughts: Carefully weigh the information and potential consequences against your investment strategy before taking action. Don't hesitate to consult with a financial advisor if needed.
Short
by bryandowningqln
1
ETHBTC trading: BTC halving vs ETH ETF ETHBTC trading: BTC halving vs ETH ETF Amidst the buzz surrounding Bitcoin's halving, Ethereum finds itself at a crucial crossroads, as the Securities and Exchange Commission (SEC) initiates a 21-day comment period for Ethereum ETF applications. A veil of uncertainty remains over the immediate fate of Ethereum ETFs with the potential rejection or approval of VanEck’s application for the Spot Ethereum ETF due on May 23 deadline. A rejection of the Ethereum ETFs might not just apply downward pressure on Ethereum but could affect the whole ecosystem including Bitcoin. Reflecting on the previous Bitcoin halving event on May 11, 2020, which saw a 12% surge in price the following week. It's important to note that attributing these movements solely to the halving remains inconclusive. Various factors such as loose monetary policies and heightened retail investor participation also played influential roles back in 2022, making it challenging to directly link the halving to the market fluctuations. Although a precise date remains unspecified, current estimations suggest the halving is likely to occur by late April, based on the ongoing pace of block validations.
by BlackBull_Markets
📈Ethereum/BTC Analysis: Potential Shifts in DeFi Dominance🚨🔍Today, we're analyzing Ethereum/BTC in the weekly timeframe, crucial for understanding Ethereum's position relative to Bitcoin, especially amid the DeFi landscape where Ethereum plays a significant role. 💎Towards the end of 2021, ETH/BTC encountered resistance at 0.08511 and has since been undergoing correction. Upon plotting the Fibonacci retracement, we observed a bounce at the 0.382 level, signaling a possible continuation. However, failure to breach the previous high suggests dwindling buyer strength, potentially leading to downward pressure if sellers enter the market. 🔒Simultaneously, we notice a trendline resistance restraining the price, indicating that price has yet to gather enough momentum to break above it. 📊Examining volume since mid-2023, it appears to be in a range-bound state. However, short-term analysis shows decreasing red candle volume as we approach support at 0.05061. We need to observe if a break of this support correlates with a significant increase in volume. 💥RSI oscillator is currently hovering around support at 39.87. A candle closing below both price and RSI support levels could signal the beginning of a new downward trend. ❌Finally, it's essential to note that the current support level we are testing is critical for the vitality of this chart. If breached, Ethereum may underperform Bitcoin, especially during corrections. Therefore, it's unlikely that the Ethereum community, particularly heavy ETH holders, would allow this support to falter easily.
Long
by itsparham96