OPEN-SOURCE SCRIPT

Multi Time Frame Buy the Dips (by Coinrule)

Aggiornato
Buying the dips is a relatively easy automated trading strategy that can return impressive profits, especially during uptrend times. Not all price drops are for buying, though. This trading system is based on a multi time frame buy-the-dip approach to optimize each trade.

The strategy catches sudden price drops on a 1-hr time frame when the price increases significantly in the last 12 hours. During steep uptrends, profit-taking price actions result in flash crashes that provide great opportunity to enter at convenient prices.


Buy Condition

The setup of the script is optimized on a 30 min time frame. You can adjust the parameters to fit different time frames.

The system gets a buy signal when

- the price drops 1% from the two previous candles (1 hour time frame = two 30-min candles)
- the price is up 3% from the last 12 hours (twenty-four 30-min candles equal the desired time frame)


Sell Condition

Each trade comes with a stop loss of 3% and a take profit of 4%.
This setup has been optimized, running over 150 backtests on more than 20 different crypto trading pairs.

The strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.

Note di rilascio
Buying the dips is a relatively easy automated trading strategy that can return impressive profits, especially during uptrend times. Not all price drops are for buying, though. This trading system is based on a multi time frame buy-the-dip approach to optimize each trade.

The strategy catches sudden price drops on a 1-hr time frame when the price increases significantly in the last 6 hours. During steep uptrends, profit-taking price actions result in flash crashes that provide a great opportunity to enter at convenient prices.


Buy Condition

The setup of the script is optimized on a 30 min time frame. You can adjust the parameters to fit different time frames.

The system gets a buy signal when

- the price drops 1% from the two previous candles (1 hour time frame = two 30-min candles)
- the price is up 3% from the last 6 hours (twelve 30-min candles equal the desired time frame)


Sell Condition

Each trade comes with a stop loss of 3% and a take profit of 4%.
This setup has been optimized, running over 150 backtests on more than 20 different crypto trading pairs.

The strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
buythedipbuythedipscontrarianTrend Analysis

Script open-source

In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

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