BITCOIN-BTCUSD Trading Strategy-1

1 apr 2020

This Trading Strategy is for BTCUSD which is traded on BITSTAMP exchange. The aim of this strategy is to ride the market with its ebbs and flows.

The strategy works best on 1 Hour timeframe. The results may very different depending upon time-frame and date range of your choice and different exchanges.

Parameters details:
1. Trade Trigger - You can adjust it depending upon your risk management. Default value is 20.
2. Partial Profit Points – Part profit booking points. Default value is 350.
3. Lookback Period 1 – Default is 11.
4. Lookback Period 2 – Default is 5.

The default trading quantity is 2. I have added functionality for part profit booking which increase profit and always keeps you in trade. Book 1 lot for certain points (350 points gives better results) and continue other with 1 lot till the position reversed.

I have tested this indicator on 1 Hour time-frame on BITSTAMP exchange and the time period is maximum available on Tradingview.

Period : 02/01/2019 to 30/03/2020.
Points = $  17720.56
No. of trades = 129
% Profitable = 44.96%
Profit Factor = 2.464
Sharpe Ratio = 0.674

For free trial, send me a private message in order to access this script.

Thanks © allanster for Date Range functionality and ©LonesomeTheBlue for non-repaint concepts.

Disclaimer: This script/strategy is for educational and information purpose only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.