Cycle strategy DEMO V1.0
READ BEFORE USING:
This indicator includes the Cycle strategy and 2 bonus indicators ( pivot strategy & volume strategy). This is a DEMO version that doesn't show the signals after end of January 2022. This indicator only allows you the backtest/study previous results and give a general idea on the workings on the indicator.
Introduction
Cycle strategy works on the following timeframes, 1HR, 4HR, 12HR and 1D. Cycle strategy is mostly used by me on the 1D timeframe, however, if you prefer shorter timeframes you can select those. Indicator settings will automatically adjust based off the timeframe on your chart. I use this indicator mainly for BTC , however, altcoins such as ETH, LTC, DOGE, ADA, ETC, SOL and more have shown reasonable results in the past.
The theory behind cycle strategy
The cycle strategy is based off the theory that Bitcoin moves in cycles, each time followed by periods of sideways action. This strategy tries to breakout trade momentum out of a sideways range by calculating things such as momentum, volatility and average price. The indicators, based off calculations, tries to spot breakout trends. When a trend break up it gives a "long" signal on the chart and when the trend breaks down it gives a "short" signal.
Sometimes the price doesn't break out, this is called a fakeout. The bot will automatically reverse its previous signal and take a small loss.
Applications of it in my trading setup
I apply the wave strategy in my own trading enviroment as a tool to determine buy/sell moments and general trend.
Whenever Bitcoin reaches extreme overbought level I'll wait for the indicator to give me a "sell" signal in order to hedge myself against possible corrections. In the past I've seen many bearmarkets before, I tended to not have any fiat on the side to buy these dips. The indicator has be allowed in the past to almost perfectly sell the top multiple times allowing me to accumulate BTC on lower levels and therefor increase my BTC position. I also use this indicator to spot the current Bitcoin trend. If the indicator shows a "long" signal I'll generally be looking to long on dips and whenever there is a "sell" signal I tend to look for shorts.
Bonus indicators
There are 2 bonus indicators included in this strategy. These are "bonus" indicators as I haven't had a long enough time to backtest them. They are based off my own strategies that I apply when trading. The bonus indicators have been highly succesful in the past though they are a bit more experimental.
Bonus indicator 1: Pivot strategy
Pivot points is a powerful indicator that Bitcoin tends to be very reactive to. The pivot strategy tries to determine if Bitcoin is in a bulltrend/beartrend. If Bitcoin is inside a bulltrend it will look to buy on pivot points . If the price is in a beartend it'll be looking to sell on pivot points .
Pivot strategy only works on 1HR timeframe, optimized on BYBIT:BTCUSD
Bonus indicator 2: Volume strategy
Volume strategy tries to look for large spikes of volume , once price breaks under this volume spike it'll try to buy/sell. The theory is that large volume spikes are traders getting stopped out on their leverage positions. By buying under these spikes it tries to counter trade these small price sqeeuzes.
Volume strategy only works on 1HR timeframe, only works on BYBIT:USD
This indicator includes the Cycle strategy and 2 bonus indicators ( pivot strategy & volume strategy). This is a DEMO version that doesn't show the signals after end of January 2022. This indicator only allows you the backtest/study previous results and give a general idea on the workings on the indicator.
Introduction
Cycle strategy works on the following timeframes, 1HR, 4HR, 12HR and 1D. Cycle strategy is mostly used by me on the 1D timeframe, however, if you prefer shorter timeframes you can select those. Indicator settings will automatically adjust based off the timeframe on your chart. I use this indicator mainly for BTC , however, altcoins such as ETH, LTC, DOGE, ADA, ETC, SOL and more have shown reasonable results in the past.
The theory behind cycle strategy
The cycle strategy is based off the theory that Bitcoin moves in cycles, each time followed by periods of sideways action. This strategy tries to breakout trade momentum out of a sideways range by calculating things such as momentum, volatility and average price. The indicators, based off calculations, tries to spot breakout trends. When a trend break up it gives a "long" signal on the chart and when the trend breaks down it gives a "short" signal.
Sometimes the price doesn't break out, this is called a fakeout. The bot will automatically reverse its previous signal and take a small loss.
Applications of it in my trading setup
I apply the wave strategy in my own trading enviroment as a tool to determine buy/sell moments and general trend.
Whenever Bitcoin reaches extreme overbought level I'll wait for the indicator to give me a "sell" signal in order to hedge myself against possible corrections. In the past I've seen many bearmarkets before, I tended to not have any fiat on the side to buy these dips. The indicator has be allowed in the past to almost perfectly sell the top multiple times allowing me to accumulate BTC on lower levels and therefor increase my BTC position. I also use this indicator to spot the current Bitcoin trend. If the indicator shows a "long" signal I'll generally be looking to long on dips and whenever there is a "sell" signal I tend to look for shorts.
Bonus indicators
There are 2 bonus indicators included in this strategy. These are "bonus" indicators as I haven't had a long enough time to backtest them. They are based off my own strategies that I apply when trading. The bonus indicators have been highly succesful in the past though they are a bit more experimental.
Bonus indicator 1: Pivot strategy
Pivot points is a powerful indicator that Bitcoin tends to be very reactive to. The pivot strategy tries to determine if Bitcoin is in a bulltrend/beartrend. If Bitcoin is inside a bulltrend it will look to buy on pivot points . If the price is in a beartend it'll be looking to sell on pivot points .
Pivot strategy only works on 1HR timeframe, optimized on BYBIT:BTCUSD
Bonus indicator 2: Volume strategy
Volume strategy tries to look for large spikes of volume , once price breaks under this volume spike it'll try to buy/sell. The theory is that large volume spikes are traders getting stopped out on their leverage positions. By buying under these spikes it tries to counter trade these small price sqeeuzes.
Volume strategy only works on 1HR timeframe, only works on BYBIT:USD