BTC Channel BreakOut Strategy 1D
Updated
The Channel BreakOut Strategy creates a channel with its bands based on the highest and lowest values for the last 5 bars.
The strategy enters long if the high of the current bar is higher than the upper channel band of the previous bar. It enters short if the low of the current bar is lower than the lower channel band of the previous bar.
It will invalidate and enter short if price breaks below the lowest of last 5 bars.
It will be at $36'200.
So we can enter long and enjoy the ride if trend develops, if not we will be stopped out.
You can also have a look at the performance overview of this strategy on 1D below.
The strategy enters long if the high of the current bar is higher than the upper channel band of the previous bar. It enters short if the low of the current bar is lower than the lower channel band of the previous bar.
It will invalidate and enter short if price breaks below the lowest of last 5 bars.
It will be at $36'200.
So we can enter long and enjoy the ride if trend develops, if not we will be stopped out.
You can also have a look at the performance overview of this strategy on 1D below.
Note
The strategy showed sell, but I'll wait until it hits sl. It was pips away, but not touched. It's not always accurate, but if it hits stop I'll exit.
Note
cointelegraph.com/news/bitcoin-returns-to-40k-liquidating-over-50m-of-shorts-in-hours
Note
Even though strategy showed sell we can put sl below the last pin and still hold
Note
Stop has been triggered. I entered sell. Trade is closed. Target is reached. Price has fallen below the strategy line.
Overall strategy result for this trade:
Enter from 38'600
Exit at 41'540
7.6% gain
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