Best Crypto Trading System For Bitcoin And Altcoin

The cryptocurrency market shouldn’t be traded without a well-tested trading system and the best crypto trading system for Bitcoin and altcoin is one of such.

The system is designed to help cryptocurrency traders make the right decisions while finding tradeable setups within a cryptocurrency pair in line with the rules of our trading system.

Entering the cryptocurrency market without a well-defined system would resemble gambling rather than trading which in many ways increases the odds of blowing your trading equity in the long run.

No one wants to see this happen!

Our trading system is quite simple and delivers high-probability setups based on a mix of price action and technical indicators.

Let’s get you started.

Trade Setup 

MT4 Indicators: Moving Average.ex4 (Parameters Modified; Period=24, MA method=Exponential, Style=Medium Blue), rsi-filter.ex4 (Inputs Variable Modified; PeriodRSI=8), sfx-cci-indicator.ex4 (Inputs Variable Modified; CCI_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

Download The Best Crypto Trading System

Buy Trade Example: XRP/USD (Ripple / US Dollar), H1 Chart

Fig. 1.0

Strategy Rules

Buy Signal

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

  • If price opens and closes above the medium blue 24 EMA Metatrader 4 indicator line (see Fig. 1.0), price is said to be driven to the upside i.e. a trigger to buy the designated cryptocurrency.
  • If the rsi-filter custom indicator stacks up deep sky blue vertical bars above the zero horizontal level as shown on Fig. 1.0, bullish sentiment is said to be building, as such a buy signal is recommended.
  • If the blue line and green histograms of the sfx-cci-indicator indicator breaks above the 0.00 horizontal level as illustrated on Fig. 1.0, the overall market sentiment is said to be bullish, therefore a buy signal will suffice.

Suggested Stop Loss for Buy Trade: Place stop loss below the tick blue support line.

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, price opens and closes below the 24 EMA indicator as seen on Fig. 1.0, therefore it is a trigger to exit or take profit at once.
  • If the rsi-filter custom indicator pops up a red vertical bars below the zero alert level during a bullish trend, bulls power is said to be weaning, thus an exit or take profit stance is advised.
  • If while a bullish trend is ongoing, the blue line of the sfx-cci-indicator indicator dips below the 0.00 level, it is signaling a diminishing bullish momentum, as such an exit or take profit stance is apt.

Sell Signal

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

  • If price opens and closes below the medium blue 24 EMA indicator line as depicted on Fig. 1.1, price is said to be dragged lower i.e. a trigger to sell the selected cryptocurrency.
  • If the rsi-filter custom indicator stacks up red vertical bars below the zero horizontal level as exemplified on Fig. 1.1, bearish market sentiment is said to be imminent, thus pointing to a likely sell market signal.
  • If the blue line and red histograms of the sfx-cci-indicator indicator breaks below the 0.00 horizontal level as seen on Fig. 1.1, the general market sentiment is said to be bearish, therefore a sell signal will do.

Suggested Stop Loss for Sell Trade: Place stop loss above the tick blue resistance line.

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, price opens and closes above the 24 EMA indicator line (refer to Fig. 1.1), hence it is a trigger to exit or take profit immediately.
  • If the rsi-filter-crypto indicator pops up a deep sky blue vertical bars above the zero reference level during a bearish trend, bears power is said to be halting, thus an exit or take profit stance is recommended.
  • If while a bearish trend is on the run, the blue line of the sfx-cci-indicator indicator surges above the 0.00 level, it is signaling a weakening bearish momentum, as such an exit or take profit stance is fitting.

Sell Trade Example: XRP/USD (Ripple / US Dollar), H1 Chart

Fig. 1.1

Free Download

Download the Best Crypto Trading System

About The Cryptocurrency Technical Indicators Used

The 24 EMA is an exponential moving average line that has its period set at 24 and reduces price lag by adding more weight to the recent price found on the crypto chart.

The rsi-filter is an oscillator that is built on the RSI indicator, offering cryptocurrency traders clues on when the market is overbought or oversold, along with promising trend directions.

The sfx-cci-indicator is an enhanced Commodity Channel Index indicator that is used in spotting cyclical trends found on crypto charts.

Easy Installation

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

Share Now!