Trading strategy MM Bitcoin Super Indicator (SI)

Trading strategy

WARNING!

Due to bitcoin price changing my strategy should be adopted too.

Base price for bitcoin is 4000$, so is price makes movement 20% up or down then takeprofit and stoploss shold be increased or decreased to the same percent.

Example: If stoploss is 100$, first takeprofit in 30-35$ of price movement and bitcoin ptice is 4000$ then if bitcoin price moves to 5000$ your stoploss will be 120$ and first takeprofit in 35-40$ of price movement.

Please, read 1st takeprofit and smart stoploss table:

https://drive.google.com/open?id=14mDjqnKOxYVtJquK1DOBPmMr_rKolI1q

Percent of deposit for each trade is your decision but my strategy is the next:

As soon as signal come I’m buying 5% of deposit in cross leverage and more 5% dividing on 10 parts and I’m placing orders in each 10$ of price movement.

Example:

Deposit 1BTC, you’ve got signal “LONG” on 3900, your maximum position is 10% of deposit. Place limit BUY order for 0.05 BTC (better use limit orders for maximum profit but sometimes price going up fast so analyze the situation) and place more BUY orders 0.05 BTC stepping out 10$ ex:3890-3880-3870 etc., totally 10 orders (0.005 each and 0.05 total). If price goes down against our position – it is better for us, because we can accumulate good position, price goes down for 20-40$ usually. After placing BUY orders you should set STOPLOSS order below 3800 and don’t forget that you should account all of potential contracts in your position. More correct stoploss level you determine by opening orderbook on Bitmex and find big buy wall with more than 1million contracts at 3800 area, ex: you see 3799 buy wall for 1595000 contracts, then your stoploss will be 3794 (take extra 4-5$ and don’t use round values like 3800,3790 etc.). Yes, stoploss is very big, but it is safety to use it because of dangerous manipulations can stop out your position and move in right direction. Stoploss can occur only once a month and you will cover lost money within 2-3 trades or sometimes even next trade will cover everything.

TAKE PROFIT situation:

1.      Price goes down and entry price moves down too. For example entry price became 3890. In that case place your takeprofit at +30$, it will be on 3920 and you will close 50% contracts of your trade, and another contracts you will close depending on your opinion or you can use “MM Secret Open/Close XBT Indicator(SI)”. As soon as price moved 15-20$ over entry zone in plus area move your stoploss to entry zone. And don’t forget to remove untouched buy orders if you are in plus area.

2.      Price didn’t go down but started to go up then first take profit 50% of contracts will be in 30-35$ of price movement at 3930 and move stoploss to entry zone. Another contracts you will close depending on your opinion or you can use “MM Secret Open/Close XBT Indicator(SI)”. And don’t forget to remove untouched buy orders.