The goal of trading ETH against BTC is to increase your amount of BTC. ETH is in the top 5 Coins of all time and its bull rallies are really fast and volatile so it's very important not to miss them!
Built upon my generic indicator Cyatophilum Altcoins Trader, this Strategy creates buy and sell signals to can be used for manual or automated trading. This one is already configured for trading ETH/BTC. with BINANCE exchange in a 4 hour timeframe.
The year 2019 started with the end of a bull run, and the script was able to catch 29% of profits. Then in Februrary, we saw another rally, but this one dropped fast and the script caught 4% of profits. Until then, two opportunities of trade triggered but ended up as a loss, as the bear market continued. In total, it made 33% of profit and 9.5% of loss. The fact that a bear market has be going on for +3 months is a good thing for what will happen next.
I think we all remember how 2018 was for ETH. It had the most insane rally of all time, another one in April-May then 6 months of bear market. Oh! by the way, did I say the script has an integrated trailing stop loss starting at 4%? Those are the green dots below the price.
I used TradingView's Strategy Tester with historical data starting from 2017-08. Results are calculted using 100% equity from a 10 000$ capital and a 0.05% commission fee on each trade.
In the top menu, go into the indicators list. Then click on Invite-Only Scripts and select the script "Buy & Sell - ETHBTC:BINANCE 4H Trading Bot". It should then appear on your chart.
In the right menu, there is an Alerts tab. Click on the + button to create an alert. In the condition, select the indicator and "1. BUY". Then in the option, select "Once Per Bar Close". Make sure the Expiration time is far enough in the future. Choose how you want to receive the alert : email, phone, or other notifications.
Repeat all steps to create the sell alert. The only thing changing is the condition "2. SELL" in the Alert box.
Autoview is an app allowing you to connect TradingView alerts to your exchange, in order to automate the process.
The first line is used to close any already opened order just in case. You should have enough btc corresponding to the quantity you want to buy.
I use market orders because I want to be sure the order is filled but you can also use limit with a % price cut.
Private Discord Server: https://discord.gg/AwZVFDh
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Jason, 41 years old, USA.
1. Purchase the indicators or 7-Day Trial
2. Create your account here and I will grant your account access within 24 hours!
Once I grant you access, you will receive a notification.
Then, to access the Cyatophilum indicators, simply click on 'Indicators' at the top of a live chart,
Finally, click on “Invite-Only Scripts”. There you will see the Cyatophilum indicators.
Click on an indicator to activate it. Start trading!
When I create an alert, how do I choose between "Once per bar" and "Once per bar close" ?
A "Once per bar" alert will trigger on the first tick of the bar which alert condition is true. A "Once ber bar close" alert will only trigger at bar close if the alert condition is still true at bar close.
Use "Once per bar" for manual trading. The alert will trigger sooner but is not as strong as if we waited bar close. Profits and risks are increased.
Use "Once per bar close" for automated trading. Unlike "Once per bar", a "Once per bar close" alert of the same type (buy or sell) cannot trigger more than once in a row. Thus it is suited for a trading bot which send buy and sell orders to a broker. Also those alerts correspond to the backtest results given buy the backtest version given with each indicator.
Should I expect repainting issues with any of the Cyatophilum Indicators ?
I code my indicators in such a way that each candle is calculated from previous candles data only. I do not use the security function which I know is currently bugged and causes repainting issues. Alerts are hosted on TradingView servers.
Can I use the Cyatophilum Indicators on other markets than cryptocurrency ?
Yes, all of my indicators work on most of TradingView's markets. You can trade Forex, Indexes, stocks, futures and CFD. Do not hesitate to join me on my Discord Server and I will help you configure the indicators for your favorite asset.
If you are not satisfied the Cyatophilum Indicators , email me at firstname.lastname@example.org within 14-days and you will be fully refunded.
Email me at email@example.com any time to cancel your subscription.
All investing involves risk, do not invest more than you are willing to lose. Past results may not be indicative of future results. By purchasing this indicator, you are not garanteed to make profit.