The Bionic Strategy — how all algo trading strategies should be developed
A few weeks ago, I wrote a story about how I made 880% trading Ethereum in the ‘21-’22 bear market (read it here). Then, thanks to a few individuals, I decided to publish my long-term strategy on TradingView and explain its concept.
Strategies can not be 100% automated.
A trader may expect indicators to work alone without requiring user interaction. However, a technical indicator is not supposed to make money by itself!
No indicator is versatile enough to handle all market conditions or important news. As a result, even the leading hedge funds are using algorithmic trading alongside extensive human research.
Success lies in the association of a trader and his tools.
An indicator can process an unprecedented amount of information, which is its whole purpose. But, on the other hand, the trader knows the field. He understands the effects of the economic calendar and closely follows the news related to the securities he trades.
The Bionic Strategy provides high-quality trend analysis software offering Long/Short opportunities which is also monitored by a human with more than 15 years of trading experience at Deutsche Bank.
The Bionic Strategy
The concept was to be super-focused to achieve the most success rate. I chose one asset and one timeframe. $ETH was my choice.
First of all, for its liquidity, but also because of its strong community and history. As a result, the strategy is suitable for long-term traders, holders, and DCA people but also for users looking to understand better where alts are heading.
Based on my oscillator, the TMI analyzes market trends and downturns through price action conditions, standard deviations, demand/supply zones, and others.
From this point, the strategy knows the direction of $ETH and will decide, following many conditions and divergences, the right moment to enter a position.
- The “Main Strat” is, therefore, automated, BUT a news story may shake up the whole market. The value-added lies here. If the strategy does not respond to the news, then I will take action and notify the users in DM on Telegram to close their trade and change directions.
Since its inception in May 2021, I have only needed to do so once during the FTX crisis. We were long, so I turned short manually and alerted everyone on Nov 8th, ’22, so we could all trade together simultaneously.
- The “Secondary Strat” is 100% automated and cannot be changed manually. This strategy looks for smaller trades within the “Main Strat.” For example, if the “Main Strat” is long, then all the trades in the Secondary Strat will also be long.
Trading long-term is not for everyone.
As you can already tell from my last story, my trading doesn’t leave any room for emotions, and I attach great importance to patience.
Indeed, being a long-term trader involves minimal action. Despite what you may think, most retail traders cannot switch off that urge for the “buy/sell button,” they need the adrenaline!
Traders are attracted to day trading because of its time-consuming nature.
But relax! Long-term trading is way more profitable, less time-consuming, and safer. This strategy also involves trading without leverage so it requires a significant amount of capital to get started.
BACKTEST SINCE INCEPTION IN May ’21 on Main Strat ONLY:
- Net Profit: +817.49%
- Market During Same Time: −48.59%
- Win Rate: 88.89%
- Avg Win PNL: 36.77%
- Avg Loss PNL: 14.05%
If you want to know more about the strategy, get access, or want to chat, feel free to contact me on Telegram!
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