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 :
發布通知
Version 2.0 (Major Update) - Updated to match the BITCOINDICATOR Version 2.0 Update.