Multi Time Frame Buy the Dips (by Coinrule)

9 thg 11, 2020

Buying the dips is a relatively easy automated trading strategy that can return impressive profits, especially during uptrend times. Not all price drops are for buying, though. This trading system is based on a multi time frame buy-the-dip approach to optimize each trade.

The strategy catches sudden price drops on a 1-hr time frame when the price increases significantly in the last 12 hours. During steep uptrends, profit-taking price actions result in flash crashes that provide great opportunity to enter at convenient prices.


Buy Condition

The setup of the script is optimized on a 30 min time frame. You can adjust the parameters to fit different time frames.

The system gets a buy signal when

- the price drops 1% from the two previous candles (1 hour time frame = two 30-min candles)
- the price is up 3% from the last 12 hours (twenty-four 30-min candles equal the desired time frame)


Sell Condition

Each trade comes with a stop loss of 3% and a take profit of 4%.
This setup has been optimized, running over 150 backtests on more than 20 different crypto trading pairs.

The strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.

24 thg 11, 2020

Phát hành các Ghi chú

Buying the dips is a relatively easy automated trading strategy that can return impressive profits, especially during uptrend times. Not all price drops are for buying, though. This trading system is based on a multi time frame buy-the-dip approach to optimize each trade.

The strategy catches sudden price drops on a 1-hr time frame when the price increases significantly in the last 6 hours. During steep uptrends, profit-taking price actions result in flash crashes that provide a great opportunity to enter at convenient prices.


Buy Condition

The setup of the script is optimized on a 30 min time frame. You can adjust the parameters to fit different time frames.

The system gets a buy signal when

- the price drops 1% from the two previous candles (1 hour time frame = two 30-min candles)
- the price is up 3% from the last 6 hours (twelve 30-min candles equal the desired time frame)


Sell Condition

Each trade comes with a stop loss of 3% and a take profit of 4%.
This setup has been optimized, running over 150 backtests on more than 20 different crypto trading pairs.

The strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.