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Make this chart yours. This is the fastest way to setup a binary option trading system at home. 1. Get a big screen smart TV that comes with a web browser and a wifi connection. 2. Login TradingView and come to this page (the one you are reading now). 3. Click on the "Share" button under the chart. 4. In the pop-up window, click on the "Make It Mine" button. 5. A chart just like this one will be yours. 6. Pull up the 1 min chart of EURUSD instead of this 15 min one. 7. Install the Graph Reader Pro 4.0 for TradingView from "Indicators => Invite-Only Scripts". 8. Format the script input options by checking the boxes: "Draw CC59 Support and Resistance Lines", "Draw SMA(3) and SMA(13) Lines", "Mark Anchor Bars", and "Mark Local Max /Local Min". 9. Watch EURUSD 1 min chart with GRP4 and wait for trading opportunities. 10. Enter PUT or CALL binary option with 5 min expiry.
Education
by nimit.chomnawang
Using/Delaying McGinley Dynamic seeding to chart parabolicsc.mql5.com In summary: McGinley believed moving averages are not supposed to be used as a trading signal, and instead identify the main trend. The formula is designed to go slower when price is trending up, and faster when price is trending down, to mimic how investors react to market movements. This does not work when an asset starts at a low price then rises astronomically. Unless Gann and friends are right about markets having full cycles, I don't believe bitcoin will be under $100 any time soon. Therefore x bars are ignored to give a usable McGinley Dynamic. As a trend identification tool, the McGinley Dynamic will trail far behind during forceful uptrends. The utility created here is based on the assumptions that: Less the extremely parabolic assets, an uptrend will retrace eventually to the McG, and the trader using McG understands that the moving average trails far away to keep a trader secured in position by slowing down for movement upwards The trading strategy employed is not based solely on moving averages Like all moving averages, McG will always suffer in terms of giving clear trading signals when the trend is too strong, too weak, too volatile, etc. vs a coincidental/leading indicator Length chosen should be 60% of your chosen MA to account for lag. In this case, a McG of 15 is equal to a 25 EMA (as TradingView uses EMA as the base MA for McG). Bars ignored should be before an uptrend, and only ignored up to where the MA is usable for the particular ticker. Something I have noticed is to be cautious when publishing ideas or sharing charts with indicators that weren't intended for sharing, especially for those who do not have the ability to publish invite-only scripts. While scripts are not meant to be copied straight off a chart, in rare cases there are ways to grab an indicator for self-use when the author did not intend such. As a first step preventive measure and self-incentive to keep scripts updated, it would be ideal to apply a 'expiration date' using the timenow function to published and nonpublished indicators that are accessible to the public. Although indicators are mostly derivatives of each other (except my stuff, I'm a real snowflake), there are many such cases in which seemingly 1:1 copies pop up, and there is no real way to identify who is in the right, if anyone even is. It is possible (and not uncommon) for indicators to be 'replicated' just by coincidence, so that should not be ruled out either. Example of McGinley Dynamic outperforming an EMA in the whipsaw department: Formula as described by Investopedia: MD = MD-1 + (Index – MD-1) / (N * (Index / MD-1 )^4) where MD-1 is the previous period's moving average, N is length, and index is price source. Adjustments can be made to the formula to optimize, but at what point do you scrap it and move on to other, more appealing methods? The wide berth that McG gives is not very useful over candlestick analysis for near instant reversal identification.
BNC:BLXEducation
by NeoButane
How to Trade in Traditional MarketsHello friends, thanks you very much for your interesting comments to my previous “Why Do You Like to Lose Money?” post. I’m happy to know that not all of you want to stay with status of “crypto enthusiastic trader” and you also want to use trading opportunities from traditional markets as well. It’s really good because if your REAL target is to make additional or the main income from trading, you MUST do logical things. They are simple: if the market does not give you good trading opportunities, you move to another. If it does, you come back. If your trading strategy does not work, you have to search for a new one and so on. Also, I understand that for you may be it’s not simple to move in a new direction. You started with crypto from zero knowledge about trading. You followed fake experts, got fake experience and learnt fake knowledge. The crypto world created a lot of fake things around it when there was a great hype for crypto and people could buy, follow and use any low quality “products” and “services”. Of course with this knowledge it’s rather difficult to think about making profit in the traditional markets. You can't expect every pattern to confirm and every indicator to be right - It does not work like that all the time. That bull market where everyone was always right is over now. Maybe there will be a new one, but until then, it's time to trade the right way. Because of the low quality knowledge and experience which you could get here and there from who knows what noob that thought he knows things because he got 5 charts right, you may have been pushed into a wrong trading workflow. Applying the same logic in the current situation and on real markets, every mistake will cost you money. So, what should you do? The 1st step you should start getting the right knowledge. For this you can read actually cool books from REAL legends with great experience and who are trusted by the financial community. I talk about legendary traders, investors who shared their knowledges, experience, trading strategies, tactics and tips in their books and courses. The 2nd step is, you have to think about your trading goals and create a Trading Plan. What is a trading plan and why you need it, I can write in further posts. Also I made a webinar for this topic. You must have your trading plan where you will write all your steps in the financial markets and tools which help you to reach your goals. The 3d step you have to find any workable trading strategy and start using it on demo accounts. Of course the best variant is when you design your personal trading strategy, but without good knowledge and experience it will be difficult to do. By using ready trading strategies from professional traders will give you more understanding of how to trade like a PRO. The 4th step is to create your personal risk and money management strategies. Based on the trading strategies results' you will be able to think about your comfortable risk level and how to manage your demo capital properly. Also, risk and money management strategies must be included in your Trading Plan. The 5th step - only here when you have everything in your arsenal like: Trading Plan, Trading Strategies tested in demo trading, Risk and Money Management Strategies, Knowledge and some Experience - ONLY AFTER THAT you can start real trading. Not at step 1. I insist! You can write down these 5 steps, and if you will tell me it will take much time and efforts for starting trading and it’s better to buy super profitable signals from crypto guru and become rich quickly... I will reply that these 5 steps are not perfect and it’s better to make 10 step in order to start from the beginning level and reach PRO level. These 5 steps are just a possible and logical road map if you decided to make stable profit in the financial markets. You will need several months for this, but opportunities which will be opened to you - they will surprise you. Also I need to add a very important idea to this post. WHY TRADITIONAL MARKETS ARE SO COOL! They have good infrastructure which can be used for automated trading. Crypto does not provide good terms for automated trading using the bots outside the raging bull market, but traditional markets are perfect for this. You have professional trading platforms which can be improved by new indicators and trading robots. You have opportunities to realize in code a great number of trading strategies. The robots can trade for you when you sleep, when you are at your work or when you have a vacation. You will need only to monitor their work time by time. Trading robots allow you to join the traditional financial markets even when you don’t have knowledge, experience, time and wish to improve yourself as a trader or investor. Trading robots can become a real alternative of that 5 steps, but it's better to have them as a complimentary system to your future trading based on real knowledge. I'll explain why: This direction of trading is also interesting for those who have experience, knowledge and tools and who trade in profit already. Trading robots allow to diversify your trading, they can be added in any portfolio. Using a combination of manual trading, automated trading with robots will make your trading more stable and probably more profitable in long run. Automated trading is a really good alternative for manual trading and if you want to learn more details about it, please write in comments. Also I will be able to write with more details why I think any crypto bot just a useless thing at this moment. Please, write in comments will it be interesting for you to know why I think so? Also, if you do not agree with me and you have other point of view, I will be glad to discuss with you in the comments - just don't be rude, there's no need for that. Thank you very much for your attention!
FX:XAUUSDEducation
by DLavrov
24
Investment in TASC01P1903A derivative warrant with SET:TASCO H1.This educational idea studies an hourly graph of SET:TASCO, a big asphalt refining company in Thailand. The aim of this study is to learn spotting a setup for a new downtrend so that a PUT Derivative Warrant referencing this stock could be entered for short-term investments. With Graph Reader Pro 4.0 for TradingView, many tasks for this study are done automatically. From the left of the chart, CC59 resistance (orange line) and CC59 support (light blue line) are generated by completions of -9 and +9 at 15.50 THB and 15.20 THB respectively. The price goes from between these lines down to below the light blue line to set the first "Min" point. Two bars later, the "MACDSig" label is printed to show that the MACD value is now higher than its own SMA9. This confirms a new uptrend. In addition, a series of positive CC59 counting is started. It is completed with the +9 bar. At this point the new CC59 support line is drawn at 14.90 THB. The price is also now crosses above both original light blue and orange lines. After that a tall bullish "Anchor" bar appears to create an "RSI>70" warning. The highest price of 16.10 THB is marked manually to see whether the price movement could go higher from here. Two bars later, the second "Min" point is printed. A dotted yellow demand line linking both "Min" points is then drawn manually to check for the beginning of a new downtrend. Four bars later the SMA3 line changes its color to red showing that the MACD value is now decreasing. The price bar also closes below the dotted yellow demand line. At 20181018 10:00, the label "MACD<Sig" is printed to confirm a new downtrend. This is an opportunity to buy TASC01P1903A PUT derivative warrant referencing SET:TASCO at the price 0.54 THB. At 20181024 09:00 (six days later), the price of SET:TASCO closes below the new CC59 support line (14.90 THB) while the price of TASC01P1903A PUT derivative warrant hits its previous high. This is a good exit point at 0.64 THB since the return of this investment is already +18.5%. To get invited to use the Graph Reader Pro 4.0 for TradingView, please contact me in the chat box.
SET:TASCOEducation
by nimit.chomnawang
Scalping with Reversal StrategiesReversal strategies suggest that markets tend to revert, i.e. a negative movement will be followed by a positive movement, and vice versa. To examine whether markets tend to be trend revert or trend succeed (i.e. a positive movement is followed by a positive movement and a negative movement also by a negative one), we need to check historical prices for evidence of such behaviour. Then, we need to examine whether this behaviour is more likely to occur compared to a random selection, such as a coin toss. To do this, we first need to understand the notion of probability. In general, probability is the possibility of an event occurring, expressed as a percentage of total possible events. For example, the probability of tossing a coin and getting heads is the possibility of that event, i.e. 1 out of the 2 possible outcomes (heads or tails). Thus, the overall probability is ½ or 50%. In a similar setting, the probability of getting the number 12 in the roulette is 1 out of a total of 36 outcomes, hence the probability is 1/36, i.e. about 3%. An interesting complication of probabilities is that if they are independent, i.e. if the previous outcome does not affect the current outcome, such as in coin tossing, roulette, and the lottery, then we can simply multiply the events to get total probability. For example, the probability of getting two consecutive heads is ½ multiplied by ½ which gives us a total probability of ¼ or 25%. This is useful in understanding how often price movements can be viewed as random or as following a statistical pattern. To elaborate on this, I have employed EURUSD data to examine whether there is evidence of a reversal activity in the pair. As the table below shows, there is evidence of such behaviour only in the 1-minute chart, where reversals are observed in the data. Otherwise, the percentage of trend reversals appears to be very close to 50%, i.e. being random. EURUSD 1-minute 30-minute 60-minute 4-hour 1-day Probability 42.1% 51.0% 50.6% 50.2% 51.5% Random No Yes Yes Yes Yes The same holds for the USA500 index as the table below shows, albeit it suggests that reversal strategies can be non-random at the 30-minute interval as well. However, despite their statistical appeal, these strategies are not as successful as expected. As the graph in the start of this post shows, the strategy can be successful during some periods while it can be terribly disastrous in others. For example, while it worked for the 1-minute chart in the EURUSD, at times very successful, reaching gains in excess of 3%, it dropped to just above 1% in the end. EURUSD 1-minute 30-minute 60-minute 4-hour 1-day Probability 39.6% 44.9% 48.0% 49.0% 51.1% Random No No Yes Yes Yes The USA500 1-minute and 30-minute charts record a similar response: the 30-minute chart, when the probability is closer to 50%, records much worse performance, while the 1-minute chart provides a good start but ends in disappointment. So what does this tell us? Like all trading strategies, reversal strategies can be successful in some instances and unsuccessful in others. The analytics above suggest that reversal strategies are unsuccessful in longer horizons and hence there appears to be no reason to follow such a strategy. In contrast, 1-minute charts allow for a better implementation of such strategies, as historical data show. The success of the strategy appears to be more pronounced in the EURUSD case, albeit also having its ups and downs. Consequently, in addition to specifying a correct timeframe, traders need to be very careful in drafting their strategy and adjust it quickly to how the market reacts. Remember that no strategy is full-proof and fast adjustment is something which can make or break a trade. Nektarios Michail, PhD Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
Education
by HotForex
Going Full Wab with WABIBTC: 20% Gain over 3 Days in 6 TradesDid you know that the word "wab" is a word? Seriously, check it out. Anyway, as much as I love trading high-volatility altcoins, I really don't like doing it on 15 minute periods. For most alts, you're risking getting stopped out due to dumps that are happening in the meantime. Yet, if you're willing to shoulder some risk and the market is "generally" positive, there's money to be made. That's the case with WABIBTC over the past 3 days. The chart has been mostly sideways, trading within a tight range. But when it exploded earlier today and left me with a >10% gain , I figured I'd share the results with my fellow traders. As you can see, my indicator signaled 6 profitable trades. Although two of them were for virtually nothing, when you are automating and have things set up correctly you can get out without too much trouble. ============================================================================ List of Entry Signals + Trades Captured with the AllCryptoSignals Volume Pressure Gauge =========================================================================== Here's a quick list of WABIBTC trades over the past three days. These exact trades can be made with the following two tools: 1) My AllCryptoSignals Volume Pressure Gauge Indicator ( ) Chart period: 15 minute, VP Gauge setting: 12, Alert Crossing Up over -1 2) An automated trading bot that buys on my signal and sells using a trailing stop once hitting a specific price gain (Gunbot + Trailing Stop - Stop Limit or any other bot that supports a trailing stop is perfect!) Trade #1 - 3.5% (3 hours) Trade #2 - 1% (4 hours) Trade #3 - 1% (2.5 hours. Exited manually) Trade #4 - 1% (3 hours. Automated exit due to the recent negativity) Trade #5 - 4.5% (1.5 hours. Finally a decent gain!) Trade #6 - 11% (There's the pump! Got out right on time.) There are pros and cons to setting my VPG indicator to a high setting. On the plus side, the trades are generally safer and function better with low-volume altcoins. On the downside, the signals come a bit later so you end up missing potential gains. Oh well! What are your thoughts? Have you been trading WABIBTC or just sitting this round out? AllCryptoSignals (Learn more about the AllCryptoSignals Volume Pressure Gauge indicator here: )
WEducation
by BlockLevels
SMACROSS | Gunbot trading strategyThis is an example of Gunbot trading with the SMACROSS strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy is based on SMA, enabling Gunbot to buy when prices start moving up - indicated by fast SMA crossing over slow SMA. Selling takes place as soon as fast SMA crosses down slow SMA. Settings used This example uses the "pure" version of the SMACROSS strategy, meaning both the buy method and sell method are set to use SMACROSS. No additional confirming indicators are used. The following relevant settings were used, all other settings were set to the defaults: PERIOD: 240 SLOW_SMA: 12 FAST_EMA: 4 Full disclosure I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
Education
by gunbotcom
2
Ichimoku | Gunbot trading strategyThis is an example of Gunbot trading with the ichimoku strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy will buy when Tenkan-sen crosses up Kijun-sen, it will sell when Tenkan-sen crosses down Kijun-sen. You can configure if the support or resistance at the Kumo level needs be considered for trades to be placed. Settings used This example uses the "pure" version of the ichimoku strategy, meaning both the buy method and sell method are set to use ichimoku . No additional trailing or confirming indicators were used. The following relevant settings were used, all other settings were set to the defaults: PERIOD: 60 TENKAN_PERIOD: 30 KIJUN_PERIOD: 60 SENKOUSPAN_PERIOD: 30 KUMO_SENTIMENTS: true Full disclosure I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
BEducation
by gunbotcom
1
MACDH | Gunbot trading strategyThis is an example of Gunbot trading with the MACDH strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy is based on the MACD histogram, taking advantage of signals that indicate a MACD signal line crossover is likely. A buy order is placed when the MACD histogram crosses up the zero line. A sell order will be placed when the MACD histogram drops below 0. Settings used This example uses the "pure" version of the MACDH strategy, meaning both the buy method and sell method are set to use MACDH. MFI is used as confirming indicator. The following relevant settings were used, all other settings were set to the defaults: PERIOD: 60 MACD_SHORT: 5 MACD_LONG: 13 MACD_SIGNAL: 3 MFI_ENABLED: true MFI_BUY_LEVEL: 40 MFI_SELL_LEVEL: 20 Full disclosure I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
BITFINEX:XRPUSDEducation
by gunbotcom
1
MACD | Gunbot trading strategyThis is an example of Gunbot trading with the MACD strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy is based on MACD , taking advantage of signals that indicate momentum is likely changing. A buy order is placed when the MACD line crosses up the signal line, a sell order is placed when the MACD line crosses down the signal line. Settings used This example uses the "pure" version of the MACD strategy, meaning both the buy method and sell method are set to use MACD . MFI is used as confirming indicator. The following relevant settings were used, all other settings were set to the defaults: PERIOD: 240 MACD_SHORT: 12 MACD_LONG: 29 MACD_SIGNAL: 9 MFI_ENABLED: true MFI_BUY_LEVEL: 40 MFI_BUY_LEVEL: 20 MFI_PERIOD: 14 Full disclosure I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
BITFINEX:ETHUSDEducation
by gunbotcom
Emaspread | Gunbot trading strategyThis is an example of Gunbot trading with the EMASPREAD strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy is based on EMA , enabling Gunbot to buy when prices start moving up - indicated by the spread between fast and slow EMA decreasing. Selling takes places when prices start moving down again, indicated by the spread decreasing again. Settings used This example uses the "pure" version of the EMASPREAD strategy, meaning both the buy method and sell method are set to use EMASPREAD. No additional trailing or confirming indicators were used. The following relevant settings were used, all other settings were set to the defaults: EMA1: 30 EMA2: 10 EMAx: 0.5 Full disclosure I am the author the Gunbot wiki. This content is meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
Education
by gunbotcom
3
ATRTS | Gunbot trading strategyThis is an example of Gunbot trading with the ATRTS strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy uses ATR to calculate trailing stops to provide buy and sell signals when volatility increases or decreases and crosses the trailing stop. Settings used This example uses the "pure" version of the ATRTS strategy, meaning both the buy method and sell method are set to use ATRTS. RSI is used as confirming indicator for buying, as ATR does not provide information on price direction, it is recommended to always use a confirming indicator with this strategy. The following relevant settings were used, all other settings were set to the defaults: PERIOD: 15 ATRX: 0.9 ATR_PERIOD: 20 RSI_BUY_ENABLED: true RSI_LENGTH: 20 RSI_BUY_LEVEL: 50 Full disclosure I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
BEducation
by gunbotcom
ADX | Gunbot trading strategyThis is an example of Gunbot trading with the ADX strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy is based on ADX , enabling Gunbot to buy when prices are moving up and ADX indicates a strong uptrend. Sell orders are placed when prices move down and a strong downtrend is measured. Settings used This example uses the "pure" version of the ADX strategy, meaning both the buy method and sell method are set to use ADX . No additional confirming indicators are used. The following relevant settings were used, all other settings were set to the defaults: PERIOD: 15 DI_PERIOD: 14 ADX_LEVEL: 50 Full disclosure I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer: While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
Education
by gunbotcom
Trailing Stop / Stop Limit | Gunbot trading strategyThis is an example of Gunbot trading with the Trailing Stop / Stop Limit (tssl) strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy is based on trailing prices, it trades when a price direction change is detected and the trailing stop / stop limit is hit. Additionally, you can set a minimum gain target for sell orders and constrain buy orders to only be placed when prices are below EMA . Settings used This example uses the "pure" version of the tssl strategy, meaning both the buy method and sell method are set to use tssl. No additional confirming indicators are used. The following relevant settings were used, all other settings were set to the defaults: BUY_RANGE: 0.5 SELL_RANGE: 0.5 GAIN: 0.7 BUY_LEVEL: 0 EMA1: 16 EMA2 8 Full disclosure I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
Education
by gunbotcom
4
Bollinger Bands TA | Gunbot trading strategyThis is an example of Gunbot trading with the Bollinger Bands TA (BBTA) strategy. Gunbot is a multi platform crypto trading bot. About this strategy With this strategy you can configure at which percentage from the lower Bollinger Band Gunbot should buy, and at which percentage from the upper Bollinger Band a sell order should be placed. Orders are placed after prices first move outside the set level, then move back in. Settings used This example uses the "pure" version of the BBTA strategy, meaning both the buy method and sell method are set to use BBTA. No additional trailing or confirming indicators are used. The following settings were different from the defaults: HIGH_BB: 30 LOW_BB: -10 STDV: 2.1 SMAPERIOD: 30 PERIOD: 15 Full disclosure I am the author the Gunbot wiki. This content is meant only as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
Education
by gunbotcom
1
Bollinger Bands | Gunbot trading strategyThis is an example of Gunbot trading with the Bollinger Bands (bb) strategy. Gunbot is a multi platform crypto trading bot. About this strategy With this strategy you can configure at which percentage from the lower Bollinger Band Gunbot should buy, and at which percentage from the upper Bollinger Band a sell order should be placed. Additionally, you can configure the minimum profit per trade and how much prices need to be below EMA for buy orders to be executed. Settings used This example uses the "pure" version of the bb strategy, meaning both the buy method and sell method are set to use bb. No additional trailing or confirming indicators are used. The following relevant settings were used, all other settings were set to the defaults: PERIOD: 60 EMA1: 20 EMA2: 10 BUY_LEVEL: 1 STDV: 2 SMAPERIOD: 30 HIGH_BB: 20 LOW_BB: 0 GAIN: 2.2 Full disclosure I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
COINBASE:BTCUSDEducation
by gunbotcom
BTCUSD Types of false breakdownsFALSE BREAKOUTS, BULLISH AND BEARISH TRAPS FALSE LEVELS BREAKOUT: TRADE, KINDS, PATTERNS Trading strategies using key support / resistance levels are among the most popular and often used in trading practice by most traders. However, behind the seeming simplicity of the trade of the rebound from levels, and their breakdown lies a lot of nuances, which are often the cause of an unsuccessful trade deal. One of them is a false breakdown of levels, which cannot be identified correctly identify on the chart by all traders. It is the trade of false breakdowns that leads in most cases to incorrect entry into the market. To minimize the risk of trading levels, let us study the concept of "false level breakdown", the logic of their formation, types and how to avoid mistakes in trading levels. So, a false breakdown is a situation where the price of the traded asset breaks the level, but it cannot gain a foothold above or below it and comes back. Schematically, this pattern and pattern are shown below. They are often called “bullish or bearish trap” in literature. You can come across them quite often in the upward and downward tendency, in consolidation, in figures of the graphic analysis on statistic and dynamic (movings) level. LOGIC OF FORMING FALSE BREAKDOWN At the heart of this price behavior there are two mechanisms. 1.The lack of demand or supply on the market. In this case, the price is actively moving to an important price level, but as we approach it, the size of bars (candles) begins to decrease, and volumes - begin to decline. This means that at these levels, the demand for the asset falls sharply due to a decrease in the volume of the traded asset or unwillingness of traders to buy / sell the asset at a too high / low price. And the output of prices beyond the important level (false breakdown) has no chance of continuation. In this situation, most often the market goes into a flat state. 2. Getting the position by a marketmaker / specialist due to small traders. As you know, when the price moves up / down, the marketmaker takes the opposite position, that is, he provides liquidity to the asset. When the important price level is reached, the activity of the participants decreases and the demand / supply falls. The marketmaker, in order to close its existing position and turn, needs to collect an asset at the prevailing price. Not being able to place his applications for the purchase / sale of an asset at one time, he performs manipulations (actions contrary to his intentions), provoking the “crowd” to sell / buy a trading instrument, that is, create additional supply / demand in this area. For this, he makes a false move beyond the boundaries of the resistance / support zone and most small traders, following the logic, buy / sell an asset to a marketmaker. Having gained a necessary volume and closed the current position, the maketmaker starts moving to the opposite side, and the crows loses money. It is a false breakdown, most often used by a marketmaker for these purposes. In this variant, the price is suitable and breaks the level with large-size bars and high volumes, but after the breakdown volumes fall sharply. This indicates the activity of market participants and requires knowledge of patterns for identifying false moving. TYPES AND VARIANTS OF FALSE BREAKOUT False breakout patterns can be different: single (puncture), double or multibar (tampering). Instant breakdown - the price makes a sharp move out of the channel by one bar / candle (puncture) and comes back, while the bar / candle closes below the resistance level and above the support level. Such a candle should have a high volume and a long upper shadow (pin bar). Breakdown of the level by two bars with the closing of the first step above the resistance level (fastening above the level), and the second - its return and closing under the support level and, conversely, for the support level. It is very important here that the volume of the candle return is greater than the volume of the candle penetration. Breakdown of the level with subsequent tampering over / under it (trade in a narrow range), return back. Here, the largest volume should have a candle breaking through the level and a return candle. On the chart, it looks like this: TRADING OF FALSE BREAKDOWNS: It is impossible to formalize all the rules for trading a false breakdown in a short article, but only the most important ones. First, the trading algorithm: •Never enter the market until the breakdown candle is completely formed (closed), ideally - it is not worth to enter the market at all in general. The beginning traders do this mistakenly as they emotionally react to the breakdown and are afraid to miss the move. It is necessary to make a decision after the formation of the next or several subsequent candles, depending on the type of the forming breakout pattern and the market context. Many traders take the sharply increased volume for a breakdown candle as a basis. But the reason for this phenomenon can be not only the entrance of new buyers, but also the banal demolition of stops, which is especially common in the breakdown of levels (boundaries) of price channels. Below is a schematic diagram of the algorithm for entering the market after the completion of the formation of false breakdown patterns. • after breaking through a strong level, carefully analyze the forming patterns, among them, often form reversal, which can tell you a lot about the current situation. The figure below, as an example, shows the situation on the chart with a false breakdown and several signals for a spread Always be very attentive: if the price matches the strong level the marketmaker will probably provoke the next false breakdown. And do not forget that level breakdowns including the false ones often happen as a result of strong news. And the last one, some traders avoid trading of such moves. This is completely in vain, since the trader loses the chance to enter into a deal at the best price with a small stop which allows to reduce the risk and easier to keep an open trading position.
BITFINEX:BTCUSDEducation
by EXCAVO
45
Real Price vs Heikin Ashi PriceHi! This is just a quick study for my own curiosity. It maps out the real world closing price vs the Heikin Ashi closing price. I think I'll make the indicator a mainstay of my trading charts, as it's useful to see. It also makes manual backtesting more viable. Some interesting observations: Long-term average difference between real world closing and HA closing ranges from 1 - 4 pips. There are intermittent spikes of up to 10 - 12 pips. These happen fairly infrequently (depending on the time frame being viewed). On average, HA prices are closer than I thought to real world prices. I would have expected an average greater than 1 - 4 pips. Spikes in difference often signify important points. Primarily they seem to signify new or continued trend activity in the relevant direction, but sometimes they can indicate tops or bottoms. Could be interesting to try and build a strategy around it. I'm not sure if I'll publish the Real Price indicator (it's literally just a few lines of code), but let me know if you want a copy of it. Cheers, DreamsDefined
Education
by DreamsDefined
3
Intermediate Trading Strategy - Part 4In the previous posts we discussed profit taking in different markets, profit targets, trailing stop losses, risk:reward, time horizons and how to identify a trend. Starting with part 1 is highly recommended. Best Indicators I have noticed that some indicators work really well when the asset is at or near all time highs and other indicators work best when the market is recovering or in a bearish trend. If ATH', or ATH' territory Tyler Jenks’ Hyperwaves: Help to identify areas of support in parabolic markets. Also indicates when the parabolic move is exhausted (phase 4 or phase 3 breakdown). Hyperbolic burst: Use 30 period RSI. If >/= 70 then parabolic status. Prefer week and daily to be > 70 with W > D. If both weekly and daily are > 70 then in a Parabolic High Risk (PHR) state. If Weekly and Daily > 80 then Extreme Parabolic High Risk (ePHR). Fractals/Parabolic SAR’s: Very useful for setting trailing stops and identifying a reversal in trend. Up fractals should not get broken in a down trend and down fractals should remain in tact while trending up. Ichimoku Cloud: Tenken-Sen serves as a high probability entry. Kumo twists can help identify the end of a trend. The cloud can act as support. I find it to be most useful as a way to identify no trade zones. This occurs when the price is inside the daily cloud. MA’s: Like 10MA - 50MA - 128 MA on the daily chart and the 7/30/50 on the weekly. If the 10 MA crosses the 50 then it is a good indication of upcoming consolidation and/or reversal. For Bitcoin' NVT: Most objective measurement we have to value the Bitcoin' blockchain. However, with the introduction of the Lightning Network and batching transactions I do not know if this will continue to work. For example: The blockchain could be getting used more but NVT could be showing the network as overvalued because there are less total transactions. If Bear Market or Recovery Horizontal support/resistance and/or FIB’s: Prior resistance turns into support. FIB’s can help identify major levels of support/resistance. Look for gaps that need to be filled. VRPR: Large volume profile on top = large resistance | Large volume profile below = large support | If gap in volume below price then high probability that the asset will retest that zone, a/k/a ‘fill the gap’. Patterns: Patterns can be very useful in identifying high probability entries and estimating profit targets. Candlesticks: Capitulation and Euphoria wicks are a very strong indication of a reversal. I like to look for reversal candlesticks to be in confluence with an area of support, such as a horizontal, trend or Ichimoku Cloud. Trendline: Can be very useful in identifying bottoms and catching trend reversals. If trend is violated and holds as resistance/support on a retest then it is a likely reversal. When the price is in a freefall using trendlines and/or hyperwaves can be useful in identifying key areas of support. Do not look for a reason to enter a trade, look for reasons to stay out! Anyone can find a reason to enter a trade, and anyone can come up with an eloquent explanation to make the trade sound profitable. When you are actively looking for reasons to take the other side of your position and are coming up empty then it is probably time to bet big and use a generous stop loss! Thanks for reading!
Education
by Sawcruhteez
4
Intermediate Trading Strategy - Part 3In the previous post we discussed risk:reward, profit taking and trailing stop losses. If you have not read part 1 and part 2 then you are highly recommended to start there. Taking Profit Always taking partial profits, never making decisions for the full position. This is true when entering and this is true when exiting. It minimizes anxiety and emotional decision making. In Trending Markets: Stop loss is trailed once new highs/lows are established. If long then move it up to be slightly under the recent low and if short move it slightly above the most recent high. This can generally be illustrated with Bill Williams Fractals on the weekly and daily charts. Full profit can be taken on the third test of a trendline. In Parabolic Markets: I like to gamble on house money, it makes me feel much more comfortable about the draw downs. Here is an example for how to take profits in a parabolic market: If +100% then take 10%-20% off the table. If +100% again then take another 15%-25% off the table. Keep doing this as long as price is making all time highs. Take full profit if phase 4 or phase 3 of hyperwave is violated If weekly and daily RSI (with 30 setting) are > 80 then take full profit. If Welles Wilder’s ADX is > 50 on the weekly and/or > 60 on the daily then time to take full profit. For Bitcoin' watch for NVT to reach overbought zones and consider how this metric will be affected by Lightning Network and batching transactions. If Trading a Pattern: A chart pattern will indicate a profit target. If your reason for entering the trade was the chart pattern then do not get greedy with the profit target! Relying on a trailing stop will often cause a trader to miss out on a large part of the profit when trading a pattern. Be very specific about what you are investing in long term/hodling and what you are using to trade. If investing/hodling then put into cold storage and don’t do anything for a minimum of 10 years. In the final post we will delve into the best indicators and provide guidelines for when they are most effective.
Education
by Sawcruhteez
Intermediate Trading Strategy - Part 1IMPORTANT NOTE: If you are looking for a shortcut then this is not for you! This is for individuals who are enthusiastic about putting in the time and effort but may lack the structure. I plan out my trades through in depth technical analysis, risk management and market research. I believe that consistency is the most important factor in regards to trading profitably. A traders success is determined more by the consistency of their approach than it is by the quantity or quality of indicators being used. Over the long run, a consistent process combined with a sound strategy will net a disciplined trader far greater returns than the market average. If you have any questions then feel free to leave a comment or send a private message. Click here for Sawcruhteez’ Trading Process Before Making an Entry Identify Trend Higher highs and higher lows = bull market Lower highs and lower lows = bear market Lower highs and higher lows = triangle continuation pattern Equal highs and equal lows = Consolidation/Range Tyler Jenks’ Consensio Price > Short term MA > Long term MA = Bull Market -I like to use the 50 & 128 day MA’s by default for crypto. For traditional markets I use the 200 MA. -For short term price movements (1 month or less) I like to use exponential moving averages. 12 & 26 EMA for crypto and for traditional markets the 9 & 21 EMA. Welles Wilder’s ADX If ADX > 25 then trending market If ADX < 20 then no trend is present If +DI > -DI then bull trend If -DI < +DI then bear trend In extreme circumstances I will bet against the trend. This will only happen when the risk:reward is too favorable to pass up. Identify Time Horizon Investment Is this a 10+ year investment? If so then I will dollar cost average my way in and not even look at the charts or listen to the news. Investments are not meant to be babysat, they are meant to develop over time. Bet it then forget it! Position Trade Buy/sell breakouts and attempt to hold on for the duration of the trend. This is done through technical analysis and trailing stop losses. If I am in a position trade I will tend to it daily by looking at charts and managing stop losses. It is not required to ‘baby-sit’ the position by watching it all day and this approach is actively discouraged. Position traders do not concern themselves with intraday movements. Managing the position too closely will often cause traders to make mistakes they wouldn’t have otherwise such as: taking profit too early or adjusting stop losses in the heat of the moment. This is my prefered method of trading for a number of reasons. Primarily it is because I like to live a balanced life. I like to be able to set my stop loss and forget about it while I am out playing golf, skiing or at the gym. Time horizon for a position trade is often a couple months or even a year+ Swing Trade “Markets do not go straight up, nor do they go straight down.” There is an ebb and a flow to the price movements. Swing traders try to capitalize on the daily - weekly price movements. Is price at resistance? Sell. Is price at support? Buy. Swing traders have well defined price targets. They can trade within ranges or in trending markets but they generally do not hold through significant resistance in order to speculate on the price movement. If it does breakthrough resistance then they can re enter without as much risk. Day trade Mostly scalpers and high frequency robots. In traditional markets the price generally isn’t very volatile on an intra-day basis so most traders will use high leverage. This will allow them to 10X, 50X or even 100X a 1% price movement in the underlying asset. In crypto the market is volatile enough for day traders to make a very handsome profit without using leverage. This approach is still the extremely risky.
Education
by Sawcruhteez
1