wielkieef

Rsi Scalping Machine [15MIN]

Hello, introduce another bot


this BOT works best on a chart --->> BINANCE:BTCUSDTPERP

this scalper is quite interesting
It will perform very well on 2X Leverage (Solid leverage, not variable depending on the volume )

TP: 1.2 %
TP-2: 2.3
SL : -

I decided to not use stop-loss, but also I make this bot that way to open a tons of new position instead of change direction of the market

the bot is made of 3 main factors responsible for opening both longs and shorts:

1) RSI VWAP - What is the Volume Weighted Average Price ( VWAP )?
VWAP is calculated by adding up the dollars traded for every transaction (price multiplied by the number of shares traded) and then dividing by the total shares traded. That is, volume .

the second condition for opening a position uses indicators such as:

a) RANGE FILTER - this indicator is for the better view of trends, define trends, that is important for every bull/bear traps which helps a lot becouse of the very variable trends.
b) ADX - Is one of the most powerful and accurate trend indicators. ADX measures how strong a trend is, and can give valuable information on whether there is a potential trading opportunity.

2) the last very precise entry condition is the combination of a fairly large number of pointers to determine the movement, whether it is bullish or bearish
This is combinations of indicators like:

a) ADX - Is one of the most powerful and accurate trend indicators. ADX measures how strong a trend is, and can give valuable information on whether there is a potential trading opportunity.
b) CLOUD - This is one of the newset indicators I'm using. This indicator helps strategy , this indicator is designed to indicate the correct market trend. By applying the great length of this indicator, I am able to notice a change in the trend a little later, but more accurately.
c) RSI - value helps strategy to stop trade in right time. When RSI is overbought strategy don't open new longs , also when RSI is oversold strategy don't open new shorts
d) Volume - is the most important indicator for the strategy, to avoid open trades on flat chart, new trades are open after a strong volume bars.

3) Relative Momentum Index - The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
condition for opening a position uses indicators such as:

a) RANGE FILTER - this indicator is for the better view of trends, define trends, that is important for every bull/bear traps which helps a lot becouse of the very variable trends.
b) ADX - Is one of the most powerful and accurate trend indicators. ADX measures how strong a trend is, and can give valuable information on whether there is a potential trading opportunity.


This is such a piramiding bot

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Enjoy ;)



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