 | Hello there! I was playing with some startegies today and I found a sweet formula that outperforms buying and hodling Bitcoin! Here is how it goes: It's an automated system that buys as much Bitcoin as someone can throw at it when price is down 7% on the day. And on the flip side, sells all the Bitcoin bought by the buy order when price is up 7% on the daily timeframe. This can happen in the same day, or a completely different day all-together. Seems super simple right? Yeah basically, but it works. However, there is one other tool being utilized: I implemented an automatic stop loss at 7.1% That will completely cut trades if the strategy doesn't on its own. When this occurs, trading is frozen for 5 minutes while the strategy recoupes. Here are some notable backtest results for periods of aggressive Bitcoin volatility (up and down).2019 Bull market (Jan. 1-July 29 2019): Sure we didn't capture all of the bull market, but 99% of trader's didn't. In fact, a huge percentage of traders got completely burned during this period, because they either got in to late or held long enough to lose a substantial amount of gains.Here is how it did during the 2018 bear market that lead up to the bull run above. Okay not great, but had I just been buying and holding Bitcoin I would have lost another 30+% during this period of time. Just something cool i'm playing around with and wanted to share! Currently papertrading with this strategy, and i'm excited to see what it can do vs. Hodling! I'm going to learn a bit more about the effects of each indicator and test them as I go. I want to hear some suggestions on what I should throw at this! This is not financial advice, just a fun little trial run! A lot of people asking where this was made: It's called PlutoFi. You can google it, I am not going to link out of respect for the subreddit policies. [link] [comments] |
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