Cryptocurrency Exchange Trading Strategy

So many traders and investors make the mistake of thinking that you need a sophisticated cryptocurrency exchange trading strategy or system to succeed, but often the more straightforward and simple, the more effective and profitable.

The cryptocurrency exchange trading strategy is a simple crypto strategy that eliminates 75% more false signals.

At the same time, the strategy achieves more wins by adding the best technical indicators in a logical and smart manner to the chart.

Let’s get started…

Trade Setup 

MT4 Indicators: keltner-channel-with-signals.ex4 (Inputs Variable Modified; MA_PERIOD=28), MACD.ex4 (Default Parameters)

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 Exchange Trading Strategy

Buy Trade Example: NEO/USD (NEO / 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 blue star of the keltner-channel-with-signals currency indicator pops up somewhat below the candlesticks as shown on Fig. 1.0, Neo crypto market price is said to be pushed to the upside i.e. a trigger to go long on the designated cryptocurrency.
  • If the silver histograms of the MACD Metatrader 4 indicator aligns above the 0.00 horizontal level, the general Neo market sentiment is said to be bullish i.e. a trigger to go long on the stipulated cryptocurrency.

Suggested Stop Loss for Buy Trade: Place stop loss below the previous swing low price.

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 running, the keltner-channel-with-signals indicator displays a saddle brown star on the crypto chart (see Fig. 1.0), Neo crypto price is said to be making a bearish reversal i.e. a trigger to exit or take profit at once.
  • If the MACD indicator pops up a silver histogram below the 0.00 horizontal level while a bullish trend is ongoing, Neo cryptocurrency price is said to be making a likely bearish reversal, as such an exit or take profit stance will suffice.

Sell Signal

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

  • If the saddle brown star of the keltner-channel-with-signals currency indicator gets displayed slightly above the price bars as seen on Fig. 1.1, Neo crypto market price is said to be dragged lower, hence a trigger to sell the cryptocurrency of choice.
  • If the silver histograms of the MACD technical indicator aligns below the 0.00 horizontal level, the overall Neo market sentiment is said to be bearish i.e. a trigger to go short on the selected cryptocurrency.

Suggested Stop Loss for Sell Trade: Place stop loss above the previous swing high price.

Suggested Exit Strategy/Take Profit for Sell Trade

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

  • If the keltner-channel-with-signals indicator displays a blue star on the crypto chart while a bearish trend is running (refer to Fig. 1.1), Neo crypto price is said to be making a bullish reversal i.e. a trigger to exit or take profit immediately.
  • If during a bearish trend the MACD indicator pops up a silver histogram above the 0.00 horizontal level, Neo cryptocurrency price is said to be making a probable bullish reversal, as such an exit or take profit stance will do.

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

Fig. 1.1

Free Download

Download the Cryptocurrency Exchange Trading Strategy

About The Cryptocurrency Technical Indicators Used

The keltner-channel-with-signals-crypto is a cryptocurrency indicator that displays volatility-based envelopes that are aligned above and below an exponential moving average.

The MACD is a default indicator on the MT4 platform. It is a multipurpose tool used in spotting strong cryptocurrency market trends, while also identifying trend reversals.

Easy Installation

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

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