Alternative Crypto Trading System

The alternative crypto trading system offers a decent win rate and risk/reward ratio that works on Bitcoin and any altcoin.

It’s a trend following cryptocurrency system based on a cloud trend indicator that works in agreement with the ADX technical indicator for more accurate entry and exit signals.

The alternative system can be used for any crypto trade style of your preference.

Feel free to experiment with the different indicator values to suit your needs.

Trade Setup 

MT4 Indicators: real-cloud.ex4 (Default Setting), qqe-histogram.ex4 (Default Setting), Average Directional Index.ex4 (Parameters Modified; Period=28)

Suitable for: Scalping, day trading, swing trading, investing

Trading Time: 24/7, Around the Clock

Cryptocurrency: Any (Bitcoin and Altcoins)

Timeframes: Any

Download

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Buy Trade Example: EOS/BIT (EOS / BIT), D1 Chart

Fig. 1.0

Strategy Rules

Buy Signal

Open a buy trade if the following trading conditions appear on the crypto chart:

  • If the aqua bars of the real-cloud MT4 custom indicator gets aligned fairly below the candlesticks as shown on Fig. 1.0, the trading pair is said to be making higher highs, thus a buy trigger will suffice.
  • If the dim gray line and histograms (green & gold) of the qqe-histogram custom indicator break and hover above the 0.00 horizontal level as seen on Fig. 1.0, price is said to be pressured higher, therefore a buy signal will do.
  • If the light sea green ADX line breaks above the 20.00 alert level, while the yellow green DI+ line runs above the wheat DI- line (see Fig. 1.0), the EOS/BIT trading pair is said to favor upward risk, thus a buy alert is appropriate.

Suggested Stop Loss for Buy Trade: Place stop loss below the aqua cloud indicator.

Suggested Exit Strategy/Take Profit for Buy Trade

Exit the buy trade if the following trading conditions appear on the chart:

  • If while a bullish trend is ongoing, the real-cloud custom indicator displays a magenta bar on the crypto chart, more and more bulls are said to be closing their EOS/BIT positions, thus an exit or take profit is advised .
  • If the dim gray line of the qqe-histogram indicator dips below the 0.00 horizontal level while a bullish trend is ongoing, bulls power is said to be weaning, as such an exit or take profit stance is recommended.
  • If the light sea green ADX line drops below the 20 horizontal level or if the wheat DI- line crosses above the yellow green DI+ line while a bullish trend is on course (refer to Fig. 1.0), it is a trigger to exit or take profit at once.

Sell Signal

Open a sell trade if the following trading conditions appear on the crypto chart:

  • If the magenta bars of the real-cloud custom indicator gets aligned slightly above the price bars as depicted on Fig. 1.1, the trading pair is said to be making lower lows, thus a trigger to sell the stipulated digital currency pair.
  • If the dim gray line and histograms (red & gold) of the qqe-histogram custom indicator break and hover below the 0.00 horizontal level as illustrated on Fig. 1.1, price is said to be dragged lower, therefore a sell signal is apt.
  • If the light sea green ADX line breaks above the 20.00 alert level, while the wheat DI- line runs above the yellow green DI+ line (checkout Fig. 1.1), the EOS/BIT trading pair is said to favor declining prices i.e. a signal to go short.

Suggested Stop Loss for Sell Trade: Place stop loss above the magenta cloud indicator.

Suggested Exit Strategy/Take Profit for Sell Trade

Exit the sell trade if the following trading conditions appear on the chart:

  • If while a bearish trend is running, the real-cloud custom indicator displays an aqua bar on the MT4 chart as exemplified on Fig. 1.1, bears are said to be closing their EOS/BIT trades increasingly, thus a signal to exit or take profit immediately.
  • If the dim gray line of the qqe-histogram indicator spikes above the 0.00 horizontal level during a bearish trend, bearish price momentum is halting, as such an exit or take profit stance is advised.
  • If the light sea green ADX line drops below the 20 horizontal level or if the yellow green DI+ line crosses above the wheat DI- line while a bearish trend is ongoing, it is a trigger to exit or take profit forthwith.

Sell Trade Example: EOS/BIT (EOS / BIT), D1 Chart

Fig. 1.1

Free Download

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About The Cryptocurrency Technical Indicators Used

The real-cloud is a currency indicator, built on the principles of the moving averages with a heightened ability to spot trends.

The qqe-histogram is a Quantitative Qualitative Estimator indicator that is comprised of a smoothed Relative Strength Index or RSI indicator, along with two fast and slow volatility-based trailing levels.

The indicator is used to define trend.

The Average Directional Index of ADX is a cryptocurrency indicator that is deployed in determining the strength of a trend.

It is usually deployed within a crypto chart window and it showcases three lines, with two representing the DMI (Directional Movement Indicators).

Easy Installation

Start using this cryptocurrency system in just 5 minutes. Click here to get started now.

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