Excitement - Crypto Surfer v1For those of us who need more excitement in our crypto journey besides just HODL, here’s a simple crypto robot that trades on the hourly (1H) candles. I call it the Crypto Surfer because it uses the 20 and 40 EMAs (Exponential Moving Averages) to decide when to enter and exit; price tends to “surf” above these EMAs when it is bullish, and “sink” below these EMAs when it is bearish. An additional 160 SMA (Simple Moving Average) with slope-angle detection, was added as a bull / bear filter to reduce the sting of drawdowns, by filtering-out long trades in a prolonged bear market.
USER NOTES:
- This script will buy $10,000 USD worth of crypto-currency per trade.
- It will only open one trade at a time.
- It has been backtested on all the high market cap coins such as Bitcoin, Ethereum, Binance Coin, Polkadot, Cardano.
- It should be run on the Hourly (H1) chart.
- In general, this moving average strategy *should be* profitable for 80% to 90% of the coins out there
- The 160 SMA filter with slope angle detection is designed to stop you from going long in a bear market.
- It is recommended you copy this script and modify it to suit your preferred coin during backtesting, before running live.
- Trading is inherently risky (exciting), and I shall not be liable for any losses you incur, even if these losses are due to sampling bias.
