Education

HOW-TO: Cyato Bands

Updated

█ Overview

Welcome to the getting started page dedicated to my automated trading strategy Cyatophilum Bands, which is in continuous development.

The strategy principle is to identify consolidation areas, catch breakouts and ride the trend as long as possible.

█ Trade examples

Breakout from Tight Consolidation
Price consolidates within a narrow range and identifies the breakout point.

False Breakout Avoidance
Filter out noise from the market by incorporating volume, trend and range filters.

Multi-Timeframe Analysis
Set the Bands time frame higher than the current chart to perform MTF analysis.

Reversal Confirmation
In the strategy direction settings, you can choose to go long, short or both.

Profitable Trend Continuation
A cool feature the take profit has is that it gets disabled when the trend is strong and clear, allowing to play safe in a ranging market, while maximizing profits in strong trends.

█ Indicator settings

Bands Settings
The band configuration settings allow you to create any kind of band, my favorite is the Donchian channels, but you can also create Bollinger and Kelter kinds of bands.

Filter Settings
The entry is triggered by a band breakout, but only that is not enough to create a solid strategy. Adjust the consolidation area, set a volume, range and trend filter to strengthen your entry.

Stop Loss Settings
Easily create a stop loss system using %, ATR, pips or AUTO calculation modes.
Add a trailing stop using ATR or Classic modes. (more modes can be added upon request)

Take Profit Settings
Set a take profit system using also different modes and the amazing feature to disable take profit during strong trends.

Backtest Settings
Backtest quickly using the information panel. See if you beat buy and hold and ATH buy and hold, as well as other stats like daily return.

█ Backtesting results & preconfigured charts

BTC/USDT
Snapshot:

Chart : tradingview.com/chart/FgaRviaB/ (Access Required)

ETH/USDT
Snapshot:

Chart : tradingview.com/chart/5oUsAKH6/ (Access Required)

BNB/USDT
Snapshot:

Chart: tradingview.com/chart/jBbdKsmm/ (Access Required)

SOL/USDT
Snapshot:

Chart: tradingview.com/chart/LezV9owe/ (Access Required)

ADA/USDT
Snapshot:

Chart: tradingview.com/chart/01ITO4WL/

AVAX/USDT
Snapshot:

Chart: tradingview.com/chart/Zr3P1PFN/

LINK/USDT
Snapshot:

Chart: tradingview.com/chart/V60OFoGV/

MATIC/USDT
Snapshot:

Chart: tradingview.com/chart/LIRcJePq/

IMX/USDT
Chart: tradingview.com/chart/4Je2Gcka/

█ SCRIPT ACCESS

Indicator and automation tools access can be purchased on my website. Links in my signature below.

Note

TRX/USDT
Snapshot:

Chart: tradingview.com/chart/nymtwE3u/

TRX is the kind of chart that takes advantage of the MTF band feature. The price being very volatile and noisy, setting a Band time frame to 1 day while trading on the 4H chart smooths it out a bit.

Note

**FIL/USDT** (Filecoin)

Preconfigured Chart: tradingview.com/chart/hFwiCL4K/

Note

VET/USDT

Chart: tradingview.com/chart/EB8WFt3D/

Note

BTC/USDT 2H

Chart: tradingview.com/chart/HFrb8L7s/

Note

Gaming Coins charts:
FLOKI/USDT
tradingview.com/chart/x5hVjGNX/

IMX/USDT
tradingview.com/chart/pITCLuzO/

GALA/USDT
tradingview.com/chart/jisfLbUw/

Note

POND/USDT
Chart: tradingview.com/chart/iEDC3O8c/

Note

Alternative SOLANA chart on 4H:
tradingview.com/chart/5no75vHk/

Note

SHIB/USDT 4H

Chart: tradingview.com/chart/EVLSTlZU/

Note

Cardano (ADA/USDT) 4 hours chart:
tradingview.com/chart/5e1mokuY/

cyatophilum

🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/

Discord Server: discord.gg/RVwBkpnQzm

I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/

Also on:

Related publications

Cyatophilum Bands Definitive Edition

by cyatophilum

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.