$(6)MDI RIBBON W/ 15-EMA TRIGGER +(12)BULL/BEAR INDICATORS,SIGNALS,CONFIRMATIONS & ALARMS$
THIS IS MY NEWEST BITCOIN (BTC) TRADING STRATEGY USING (T-V) TRADING-VIEWS PINESCRIPT INDICATORS,
THE SCREENSHOT IS THE BEGINNING OF A BULLISH TREND STARTING WITH THE CANDLE COLOR CHANGE AND 15-EMA TRIGGER WITH THE (3) CROSSOVERS AND THE SIGNALS STARTING TO FIRE LIKE (PSAR) (SUPERTREND) (ORANGE DOT) FROM (MC) MARKET CIPHER STRATEGY , MY NEW STRATEGY CONSISTS OF A (6)
(MDI)
MCGINLEY DYNAMIC INDICATORS) AS A MOVING AVERAGES AND USING THE 15-EMA AS TRIGGER TO TAKE LONG OR SHORT TRADE/POSITIONSWHEN (HA) HEIKEN ASHI - CANDLE HAS CLOSED ABOVE 15-MDI FOR LONGS/BULLISH POSITION/TRADE AND SHORT WHEN CANDLE CLOSES BELOW FOR SHORT /BEARISH TRADE/POSITION, IM USING THE (CM) CHRIS MOODY (EMA TREND BARS CANDLE COLOR) INDICATORSO ITS EASY TO SPOT THE TRIGGER USING COLOR CHANGE HA-CANDLES TO TAKE POSITION/TRADE WHEN THE BITCOIN PRICE CROSSES ABOVE (LAZER BLUE) OR (HARLEY ORANGE) I USE FOR BULLISH CANDLES COLORS I USE BUT YOU CAN USE ANY COLOR FORMAT THAT HELPS YOU IDENTIFY BULLISH/BEARISH ,LONG/SHORT CANDLES AND I USE (WHITE) CANDLES FOR BEARISH FOR A SHORT POSITION, IM USING THE (5) INDICATORS (MACD,RSI,VWAP, CROSSOVERS ) AND (PSAR) DOT AND (SUPERTREND) ARROW TO IDENTIFY TREND AFTER I TAKE TRADE/POSITION WITH THE 15-EMA AND HAVE (5) confirmations, signals,alarms for trend direction and trend strength in that position/direction and rule #1 is
I
will not take any trade position until all (5) signals have fired and are confirmed and in synergy /insync , now to exit position you use the 15-EMA aswell to exit and reverse position . normally I would not recommend using high leverage but with this strategy u can use higher then normal leverage because your taking a trade position in a very strong trend (TREND IS OUR FRIEND) with (5) confirmations/signals and (3) crossovers (MACD) (RSI) (VWAP) and (2) other signals (PSAR) (SUPERTREND) so (5) signals and (1) trigger (15-EMA) = equals (6) signals total and then (6) (MDI) MCGINLEY DYNAMIC INDICATORMOVING AVERAGE RIBBON that are telling you the direction is strongest as each signal/crossover happens and 9-10 times the opposite direction has already been exhausted and ran out of steam for it to whiplash on your position and turn direction on your position, I use a 25% profit and 50% stop loss as I know the r/r risk/reward seems not traditional and many would say it’s not good but mathematically it does make sence because u have the strength of the trend going in your direction and odds are in ur favor because once a crossover ,reversal happens and all (6) indicators have fired we have a much higher chance that you will take 25% profit before it reverses or consolidates 50% in opposite direction against you, mathematically this should work when trending and all indicators, signals have fired and in a strong trend without much volatility,
I have tweaked the settings of each indicator to work in tandem using the 30m time frame as my signal and on both sides the 1H HOULY and 15m MINUTE as look back and forward, also I’m using (MDI) mcginley dynamic indicator as my moving averages as it’s much smoother with not so many whipsaws, this is my own strategy hybrid, it’s a moving average strategy with a band/ribbon/envelope strategy using (5) of the most powerful oscillator indicators with crossovers that include a convergent /divergence (MACD) , a strength index (RSI) a volume weighted average price (VWAP) that was tweaked from the (market cipher) (B) indicator system ,as I found out after dissecting that whole system/strategy the VWAP was its most powerful tool/indicator once you remove all that colorful wave noise that’s what you are left with Aswell as (money flow index) but I felt no need for that, then I took the only reliable signal from (market cipher) (A) the (RED AND GREEN DOTS) the other part was a EMA RIBBON AND WAVE and did not need that because I built my own with this strategy using only (6) moving averages (MDI) mcginley mcginley dynamic indicator in place of EMA or SMA , because the mcginley has a lot less lag, less swings and whipsaws, then I use a parabolic stop and reverse (PSAR) another (CM) Chris moody tweaked indicator of a (SAR) Aswell as a supertrend , I added to my strategy, then we put my strategy in a (BB) Bollinger band to gauge the volatility in the market and look for expansions & explosive moves with the squeeze and also to get a good idea when the move is over and reverse as price 95% of the time stays between the 3 bands so u know the when price hits top band for longs it may reverse, also Using a (ATR) average true range indicator that can be used not only for volatility but also to set (TP) take profits and (SL) stop losses, the ATR indicator acts as a gas gauge to see how many pips /miles the price rises or falls in a givin hour or day, let’s say the price is the vehicle the car, the ATR is the gas gauge , you will know when the car is near empty or ready to stall out because it had exhausted the miles that the car or price has moved so giving you a great way to know where to set both a stop loss and take profits , then I have some additional (4) indicators/alerts for spikes in price action and volume so I can catch massive moves in the market or just to know my position is still trending in my direction and keep me in a winning trade and confidence in my position. So still backtesting for winning accuracy and I won’t use this strategy if it does not produce at minimum a 60-70% winning ratio , it would have to compensate for the non traditional r/r risk reward of a reverse 1:2 using 25% and 50% of your margin to take profit and stop loss, I myself use a 25X leverage and when using Bybit exchange there are built in %percentages and say if you were using margin of $100.00 USD/BTC and you use 25X leverage with the built in 25% take profit and 50% stop loss then that would give you $3000.00 contract and your take profit will equal $25.00 dollars and your stop loss or loss would be $50.00 dollars and the total pips would be a 500.00 dollar price move for your (TP) take profit and $25.00 =1% of current bitcoin price and it would be a $1000.00 = 2% of bitcoins price move in opposite direction against your trade to lose $50.00 dollars, that’s how the math works out and I’m using the power of compounding profits the 7th wonder as Einstein called it and if this turns out to be a profitable strategy and just taking and winning a 25% = 1% =500.00 price move and $25.00 dollars starting with $100.00 usd/Btc then you could profit over 1 full bitcoin in just 2 weeks with compounding profits into each daily trade and winning just 1 trade a day. I’m all about math and mathematically this strategy taking a 25% profit over a 50% loss when the trend is your friend, and all 5 indicators, 7 other signals, alarms fire in tandem a 25% move 500.00 dollars should be easy and be very profitable if mathematically this strategy works, I will keep everyone updated on weather this is a winning strategy after backtesting this many many times .
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