BYBIT BTCUSD 4H Automated Strategy

Hi guys, here's a new strategy for $BYBIT:BTCUSD in 4h (240) timeframe. Long and Shorts.

To create this setup I backtested the configuration on one year data (2019 to today).

The goal was to make a solid Swing Trading Strategy which catches major moves in the market, with a relatively low risk.

To achieve this the idea is to use a Trailing Stop Loss AND Take Profit. I know Bybit doesn't allow such features but my indicator has it in its body.
The Long Take Profit starts at 30% which is 3 times higher than the Short one, because that's how Bitcoin is: its bull rallies tend to be stronger than the bears.

For the entries, I used oversold and overbougth reversing RSI in order to capture tops and bottoms.
RSI length of 7 with a lookback of 125 bars to get the highest/lowest point.

I filtered the bad entries using Tilson T3 trend line with a length of 36 days.

I hope you find the strategy interesting!
For those willing to automate or backtest using my private indicator, use the links below to get it.
Here is the configuration:


To create the alerts, use the regular 'LONG ENTRY' and 'SHORT ENTRY' for the entries and 'ALL EXIT' for exiting both kind of positions.