MACD candlestick strategy on Crypto
So im just introducing this strategy, it aint something special but it's been working for me and im just trying to elaborate my own strategy.
I've been practicing this strategy on CTKUSDT cause i like the project and it's a slow and steady pair, I've tried it also on XRPUSDT and TRX usdt im sure this strategy can be use on other pair and even Forex, changing the % of taking profit and risk slightly considering how much volatile the pair is.
There is only few step to this strategy so it's pretty easy to follow and here it is.
The Setup : I only use one MACD indicator setup at 21-89-9 and one SMMA 150 making it super simple. Finish it by putting the chart on the 5 min and you are all set.
The Rulel: there is 2 types of signal Buy and Sell, you can only buy when above the 150 SMMA and sell when below eliminating some fake signal and trading with the trend.
The Signal is given after 3 Falling bar (when below SMMA ) or 3 rising bar (when above SMMA ) on the MACD Histogram. This is the signal to put a buy or sell limit order. Limit order is important here cause this is not a trading instantly with Market order.
Entry: the entry point is quite simple but a short process cause i haven't find the indicator that could help me with it. Its is not a problem cause it = normally takes less than 30 sec to calculate it. The entry is where the prices has the most amount of candles in the past 160 candles. For me this mean that there is the most amount of trades that has been done at this price ( trading psychology where trader will either close their trade causethe price is coming back to their entry price or opening one cause this is the perfect entry)
Exit For CTK the movement are around 2 % on a winning trade, can sometime go to 5% but those are way less frequent. So my strategy consist on taking a 2% profit and taking a 1% loss making it a 2:1 RR
This is a pretty simple strategy to follow with hard entry, exit and plan. no question ask or doubt in mind, just gotta follow the plan.
Hope this can be helpfull for you and if you got any advice or question don't hesitate.
P.S If you are good at making indicator i could really enjoy creating one that calculate the number of candle at a certain price.
I've been practicing this strategy on CTKUSDT cause i like the project and it's a slow and steady pair, I've tried it also on XRPUSDT and TRX usdt im sure this strategy can be use on other pair and even Forex, changing the % of taking profit and risk slightly considering how much volatile the pair is.
There is only few step to this strategy so it's pretty easy to follow and here it is.
The Setup : I only use one MACD indicator setup at 21-89-9 and one SMMA 150 making it super simple. Finish it by putting the chart on the 5 min and you are all set.
The Rulel: there is 2 types of signal Buy and Sell, you can only buy when above the 150 SMMA and sell when below eliminating some fake signal and trading with the trend.
The Signal is given after 3 Falling bar (when below SMMA ) or 3 rising bar (when above SMMA ) on the MACD Histogram. This is the signal to put a buy or sell limit order. Limit order is important here cause this is not a trading instantly with Market order.
Entry: the entry point is quite simple but a short process cause i haven't find the indicator that could help me with it. Its is not a problem cause it = normally takes less than 30 sec to calculate it. The entry is where the prices has the most amount of candles in the past 160 candles. For me this mean that there is the most amount of trades that has been done at this price ( trading psychology where trader will either close their trade causethe price is coming back to their entry price or opening one cause this is the perfect entry)
Exit For CTK the movement are around 2 % on a winning trade, can sometime go to 5% but those are way less frequent. So my strategy consist on taking a 2% profit and taking a 1% loss making it a 2:1 RR
This is a pretty simple strategy to follow with hard entry, exit and plan. no question ask or doubt in mind, just gotta follow the plan.
Hope this can be helpfull for you and if you got any advice or question don't hesitate.
P.S If you are good at making indicator i could really enjoy creating one that calculate the number of candle at a certain price.
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