This strategy instead of following the trend of the price it follows the trend of an oscillator.
You can follow the trend of RSI or CCI.
We use SuperTrend applied to either oscillator for entering a long.
Position can close from - using a stop loss percentage parameter - or when entering downtrend - or when using TP% when the target is achieved
Ideas: - Use the SuperTrend multiplier to match the oscillator behaviour, CCI moves less, so I use 1.5 multiplier. With RSI I use 3 - I find this strategy works great to do swing trades during bull markets. When backtesting BTCUSDT it outperforms buy and hold before the beginning of the bear market. - Try RSI 7 instead of RSI 14 for faster response
Alerts It supports separated payloads for each alert type: 1- Deal open 2- TP% reached 3- SL% 4- Downtrend deal close