Cryptocurrency Beast Trading System

The cryptocurrency Beast System offers great buy and sell trade opportunities to make serious profits from trading the crypto market.

This trading system gathers information from the best technical indicators to scan for profitable buy/sell trade setups.

This system follows the major trend with the help of the Moving Average candlestick indicator and works for Bitcoin and altcoins.

Use it for scalping, day trading and swing trading crypto pairs.

Trade Setup 

MT4 Indicators: moving-average-candlesticks.ex4 (Inputs Variable Modified; MAPeriod=24), Relative Vigor Index.ex4 (Parameters Modified; Period=36)

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 Cryptocurrency Beast System

Buy Trade Example: BTC/USD (Bitcoin / 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 the moving-average-candlesticks currency indicator displays blue candles that are aligned somewhat below the price bars as shown on Fig. 1.0, the general market sentiment is said to be bullish i.e. a signal to buy the designated cryptocurrency.
  • If the green and red lines of the Relative Vigor Index Metatrader 4 indicator break above the 0.00 horizontal level as seen on Fig. 1.0, price is said to be pressured higher, as such a signal to go long will suffice.

Suggested Stop Loss for Buy Trade: Place stop loss below support.

Suggested Exit Strategy/Take Profit for Buy Trade

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

  • If the moving-average-candlesticks custom indicator pops up a yellow candle during a bullish signal (see Fig. 1.0), bulls power is said to be weaning, therefore an exit or take profit stance will do.
  • If the green line of the Relative Vigor Index indicator realigns below the 0.00 horizontal line while a bullish trend is running, priceis said to be making a bearish reversal, as such an exit or take profit stance is advised.

Sell Signal

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

  • If the moving-average-candlesticks custom indicator displays yellow candles that are alignedfairly above the price bars as illustrated on Fig. 1.1, the overall market sentiment is said to be bearish i.e. a trigger to go short on the selected cryptocurrency.
  • If the green and red lines of the Relative Vigor Index indicator fall below the 0.00 horizontal level as exemplified on Fig. 1.1, price is said to be dragged lower, thus an alert to go short on the cryptocurrency of interest.

Suggested Stop Loss for Sell Trade: Place stop loss above resistance.

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 ongoing and the moving-average-candlesticks custom indicator pops up a blue candle (refer to Fig. 1.1), bears power is said to be diminishing, thus signaling a probable exit or take profit posture.
  • If the green line of the Relative Vigor Index currency indicator readjusts above the 0.00 horizontal line while a bearish trend is ongoing, price is said to be experiencing a likely bullish reversal, as such an exit or take profit stance is recommended.

Sell Trade Example: BTC/USD (Bitcoin / US Dollar), H1 Chart

Fig. 1.1

Free Download

Download the Cryptocurrency Beast System

About The Cryptocurrency Technical Indicators Used

The moving-average-candlesticks is a currency indicator that offers a chart visualization of the standard moving averages using the candlestick bars.

The Relative Vigor Index is a default Metatrader 4 currency indicator that is deployed in gauging the conviction of a recent price action and the probability that it will carry on.

Easy Installation

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

Share Now!