This strategy consists of the following elements and can all be set by the user.
1. Enter as the price drops. 1) Selection of multi-time frame. - 30 minutes - 60 minutes - 90 minutes - More than 120 minutes 2) Selection of Order Count - Order Count == Long entry's qty 3) Selection of First / End indent price gap
It is DCA (Dollar Cost Averaging) - A DCA strategy is the practice of investing into a currency at preset intervals to reduce the entry price of a position over time and mitigate volatility risk.
For example, 1) Entry Time Frame = 60 minutes 2) Order Count = 10 3) First indent price = 2 % End indent price = 10 % => Starting from a 1% drop in the 60 minutes candle, 10time Long Entry(1%, 2%, 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10%)
thereby getting a better average price for your position and greatly reducing risks from the consequences of volatility .
2. Target Price and Stop Loss 1) Target price : uses the Fibonacci ratio. You can also set the target ratio.
2) Stop Loss : Long entry close when the moving average line cross under the End indent price.
3) Close Deal time : Long entry close after a set period of time has passed since long entry.
You can easily find out what's related by changing the setting value after setting the strategy. I hope it will help you. Thank you.
hi..I like your work, and it seems got good entry point..However, is it possible to generate signals, that can be used for DCA bots.. THX
MGTG
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@apeswork, Yes, of course. I'm using this strategy for actual trading, and if you use a place like 3 commas, it will be easily possible.
GG64260
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@MGTG, I would like to use your script with 3commas, how can I do without the source code? thx
esteban3058
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hello, I would like to know if you can provide me with the source code so that you can configure your strategy with a 3commas bot? thank you very much
Darthlatte
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Hi, thanks for the script. How is the Fib price calculated such that it moves with the price?
how2sanya
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Hi, I like your strategy, could you share the code? Since I use candlesticks with a closing signal, it turns out that the notification of the transaction will be after the fact. Thanks
Asad_aimhigh
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How are you? hope everything is fine with you and your family . Appreciate to talk once you get time. Best wishes always and good luck . Be Safe, Take care and have a nice time with your family, friends and loved ones
MGTG
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@Asad_aimhigh, Hello. Thank you. I am planning to open Telegram or Discord later. If you have any questions, please contact me.