It was my goal to earn a million dollars in profit within five years of trading, but the results were $1,290,000.
“In the past two years, many strategies have been tried to profit from the cryptocurrency market, but this strategy emerged as the winner. In any charting program, such as Tradingview, you can see the same result.”
I wanted to develop a trading strategy that could generate over one million dollars in profit in five years with only a twenty thousand dollar investment. Throughout this article, you will learn how I have accomplished that and how you can too.
The strategy only consists of a few simple indicators that relate to each other to make a perfect one. Any app, such as Treadingview, can produce the same results.
As much as we do not know about the future, we do know about the past, and if something worked in the last five years, then it is likely to work in the future as well.
We had the following backtesting traders between 2017–08 and 2022–11.
Here is a part of the chart:
With solid trading strategy over a five-year period and compound interest of initial investment, multimillion-dollar profits are not far away.
Here is the formula for buying signals
- If the daily RSI is greater than the moving average of the RSI, we are in an uptrend.
- The EMA 60 in a 4 hour candle should be greater than the EMA 120, and the EMA 120 should be greater than the EMA 300
- The close price of the 4 hour candle should be higher than all of these EMAs
- Supertrend should be calculated from the low, and ATR multiplier should be set at 1
The main selling signal is
- As long as we are above HMA 300 of the 4 hour candle close, we won’t sell.
- In order to sell, we must be in profit by at least 3%
- The high should be used as a source of Supertrend, and 1 should be used as the multiplier for ATR
Second sell signal in a bear market
- The 4 hour candle close is below the 300 EMA
- As well as setting 3 as the ATR multiplier, we need to provide the high as the source of the Supertrend
It is at least necessary to stop losing when we lose more than 2.8% in a bull market, and when we lose more than 1% in a bear market.
This is the full picture of this fascinating scenario that we worked on for a year. You can write your own code or use SmartStopSet.com to achieve the same results. It is just one of many scenarios we have available to use!
There is room for improvement in this strategy
You can copy this strategy and improve it or change the timeframe because it is open source.
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