Bitcoin Surge presents an intraday trading strategy tailored for cryptocurrencies, specifically demonstrated here with the TradingView platform. However, it can be effortlessly applied to various trading platforms. The primary objective of this strategy is to capitalize on instances of Bitcoin surges, utilizing a combination of the Keltner channel and Bollinger Band Width.Strategy Configuration:
Time Frame: 30 minutes.
Keltner Channel (20, 1),
Simple Moving Average: 9 periods.
Simple Moving Average: 100 periods.
Bollinger Bands Width Deviation: 2.0 and 18 periods, with a level of 0.03(to be entered manually).
Trading Rules:
Trade exclusively in the direction of the trend defined by the 100-period moving average.
Buy:
Price positioned above the 100-period moving average.
The 9-period moving average crosses the center line of the Keltner channel upwards.
Bollinger Bands width crosses the horizontal line upwards by 0.03.
Sell:
Price situated below the 100-period moving average.
The 9-period moving average crosses the center line of the Keltner channel downwards.
Bollinger Bands width crosses the horizontal line upwards by 0.03.
Exit Position:
Place stop loss above/below the opposite line of the Keltner channel.
Set a profit target with a minimum ratio of 1:1 stop loss.
Execution Guidelines:
It is essential to patiently wait for the market conditions to become clear and precise before initiating any trades.
This trading system can also be transformed into a successful Expert Advisor (EA). It accommodates equal mass Money Management (MM) and can be adapted for more aggressive Money Management approaches, such as the D'Alembert progression.
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