I am a new trader and I am trying to buy and sell small amounts in short amounts of time..I am trying to configure my chart with the reversal strategy and the SMI oscillator. It seems like the default values (especially for the PRS) do not give good indication of when to buy and when to sell. The red indicating to sell are usually lower than the blue arrows indicating when to buy. Also the little ticker at the top always shows the sell price being lower than the buy price...so I am trying to figure out what input values I can put in so that I can sell high and buy low...thank you all so much!
- profit ratio: 1.224 - slightly better than a flip coin
- sharp ratio: 0.11 - terrible
First of all, find a strategy that works for more than one crypto and has profit ratio > 2
I use a filter for long and for short so in uncertain periods I stay flat.
I have investment period > 3 days so I don't use 15 minutes chart
I also have a separate strategy for long and for short as it is based on greed and fear which works differently.
Position size can be a part of the strategy as well, for example, I use ATR and entries are bigger in a calm market and small or none on volatile.