HOW-TO: A Step-By-Step Guide to Using The Profit Maxima Strategy
This strategy is suitable for position traders who hold their positions for months.
The goal is to determine the best entry and exit levels in order to achieve maximum profit with minimum risk.
Due to the bullish nature of the crypto market, trading in the “short” direction is avoided.
Step 1: Choose the best chart
Use the "Chart Quality" table to choose the appropriate chart.
The "Historical Bars" field displays the total number of candles in the chart.
The more historical price data is available, the more accurate the results will be; so choose the chart of an exchange that has the most historical bars.
The "Predictability" field indicates how reliable the results are.
The "Recommended Chart" field shows the suggested chart for some common symbols.
Step 2: Place your orders manually
Set your entry and exit orders at three different levels; for this, use the "Entry & Profit Limits" table.
As you can see, the Entry and Target levels are matched in pair.
Step 3: Be patient
As mentioned, this is a long-term strategy. In the long term, there are fluctuations, price corrections and so on.
So remember that patience is the key.
The goal is to determine the best entry and exit levels in order to achieve maximum profit with minimum risk.
Due to the bullish nature of the crypto market, trading in the “short” direction is avoided.
Step 1: Choose the best chart
Use the "Chart Quality" table to choose the appropriate chart.
The "Historical Bars" field displays the total number of candles in the chart.
The more historical price data is available, the more accurate the results will be; so choose the chart of an exchange that has the most historical bars.
The "Predictability" field indicates how reliable the results are.
The "Recommended Chart" field shows the suggested chart for some common symbols.
Step 2: Place your orders manually
Set your entry and exit orders at three different levels; for this, use the "Entry & Profit Limits" table.
As you can see, the Entry and Target levels are matched in pair.
Step 3: Be patient
As mentioned, this is a long-term strategy. In the long term, there are fluctuations, price corrections and so on.
So remember that patience is the key.
