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BITCOINDICATOR Strategy

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Strategy for BITCOINDICATOR for your own backtesting purposes.

The trade locations mirror the price label values generated by BITCOINDICATOR (You can check by clicking on Strategy Tester > List of Trades). Just like BITCOINDICATOR, this strategy works with all time frames, although higher time frames will result in better average profit per trade.

Inputs:
- Click the gear icon to adjust the backtesting date range inputs.

Properties (gear icon then click properties tab):
- The default initial capital is 0, and the default order size is 1 Contract (1 BTC ) per trade (this gives more weight to the most recent data).
* We recommend keeping the order size in contracts because if you use fiat, the time periods of lower-priced Bitcoin will have a greater impact on the strategy (since those trades would transact more BTC ).
- Pyramiding is the number of trades allowed to be taken in the same direction. The default value is set to 5, although it is rare to see more than 2 trades in the same direction.
* Additional trades in the same direction can be useful for adding on to your position or just for trend confirmation. If you prefer to see every SHORT followed by a LONG and vice-versa, you can change pyramiding to 1.

Side Notes:
- BITCOINDICATOR strategy can also be used for any Altcoin/Stable coin pair (such as ETH/USD). However, you will want to increase the order size from 1 Contract, to suit your Altcoin (For example, at the time of writing: 1 BTC = 47 ETH, so I would trade ETH/USD with an order size of 47 contracts). Of course, you can adjust the order size to the amount that you are actually trading.
- You will notice that the lower the selected time frame, the date range for backtesting becomes more limited. This is because there is a historical bar data limit of 5,000 - 10,000 bars depending on the tier of your TradingView account.

*Bitcoindicator Strategy is part of the Bitcoindicator package.

For detailed information on Bitcoindicator and how to add it to your charts, please visit:
https://www.bitcoindicator.com

Strategy tested on BTC/USD(Day) from 1/1/2017 - 10/1/2019 :
發行說明
Version 2.0 (Major Update)
- Updated to match the BITCOINDICATOR Version 2.0 Update.
發行說明
NEW WEBSITE:
indicatorking.com/bitcoindicator

Free Crash Course:
indicatorking.com/bitcoindicator-course

Strategy tested on BTC/USDT (4 Hour) from 8/1/2017 - 3/12/2020 :

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