Welcome to the getting started page dedicated to my automated trading strategy Cyatophilum Bands, which is in continuous development.
The strategy principle is to identify consolidation areas, catch breakouts and ride the trend as long as possible.
Breakout from Tight Consolidation
Price consolidates within a narrow range and identifies the breakout point.
Filter out noise from the market by incorporating volume, trend and range filters.
Set the Bands time frame higher than the current chart to perform MTF analysis.
In the strategy direction settings, you can choose to go long, short or both.
A cool feature the take profit has is that it gets disabled when the trend is strong and clear, allowing to play safe in a ranging market, while maximizing profits in strong trends.
The band configuration settings allow you to create any kind of band, my favorite is the Donchian channels, but you can also create Bollinger and Kelter kinds of bands.
The entry is triggered by a band breakout, but only that is not enough to create a solid strategy. Adjust the consolidation area, set a volume, range and trend filter to strengthen your entry.
Easily create a stop loss system using %, ATR, pips or AUTO calculation modes.
Add a trailing stop using ATR or Classic modes. (more modes can be added upon request)
Set a take profit system using also different modes and the amazing feature to disable take profit during strong trends.
Backtest quickly using the information panel. See if you beat buy and hold and ATH buy and hold, as well as other stats like daily return.
Written by Cyatophilum - Created 2 months ago - Last edited 9 days ago
Game Theory Optimal (GTO) strategies are commonly used in competitive games like poker, where the objective is to make decisions that are unexploitable by opponents. Applying GTO principles to trading involves creating strategies that minimize losses and maximize gains, regardless of market conditions or the actions of other market participants.
Optimal Play
Just like in poker, trading ...
I'm thrilled to announce the release of my latest tool – the Bitcoin Trend Indicator (BTI), and it's available for free on TradingView!Based on CoinDesk's research, the BTI is designed to help you easily identify and analyze Bitcoin trends. With multiple exponential weighted moving averages analysis and clear trend signals, it's a powerful addition to your trading toolkit.Ready to give it a try? ...
Hi Traders, in this short tutorial we will see how to autotrade on Binance.
Requirements
- A TradingView account with Webhooks notifications.
TradingView allows you to backtest your strategy and create alerts. For now, our bot page only works with TradingView alerts Webhook notifications.
Important: the Essential TradingView plan is required to unlock this feature. Without Webhooks, ...
As of May 23, 2024, Bitcoin (BTC/USDT) is experiencing some notable movements on the daily chart. Here's an in-depth technical analysis to provide insights into the current market conditions and potential future price actions.
Price Action and Key Levels
Current Price: $69,265.99 (down by 1.26% today)
Resistance Levels:
...