Cryptocurrency Trading System That Works

The cryptocurrency trading system that works on Bitcoin and any altcoin is governed by fixed rules defining entry and exit points for more consistent gains in the longer-term.

The system deploys a set of technical crypto indicators that generates quick triggers to alert us when it is right to buy/sell.

You can as well go ahead to test this system by applying it to historical price data in a simulated and secured environment to validate our claims.

Let’s get started.

Trade Setup 

MT4 Indicators: mva-s.ex4 (Default Settings), Moving Average.ex4 (Parameters Modified; Style=Red), moving-average-strength.ex4 (Inputs Variable Modified; Back_Bars=2000)

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 Trading System

Buy Trade Example: DASH/USD (DASH / 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 red mva-s indicator line crosses below the blue 14 SMA Metatrader 4 indicator line as illustrated on Fig. 1.0, price is said to be driven to the upside, therefore a buy alert will suffice.
  • If the green histograms of the moving-average-strength currency indicator break and hover above the 0.00 horizontal level as depicted on Fig. 1.0, Dash market sentiment is said to be bullish, hence a trigger to go long on the designated cryptocurrency.

Suggested Stop Loss for Buy Trade: Place stop loss below the red rising line or 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 red line of the mva-s custom indicator intersects the blue 14 SMA indicator line during the course of a bullish signal, it is pointing to a probable bearish reversal i.e. a trigger to exit or take profit immediately.
  • If the moving-average-strength indicator pops up a red histogram that is aligned below the 0.00 horizontal level (see Fig. 1.0), bulls power is said to be diminishing, thus 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 red mva-s indicator line crosses above the blue 14 SMA indicator line as exemplified on Fig. 1.1, the overall Dash market sentiment is said to be bearish, as such a sell alert will suffice.
  • If the red histograms of the moving-average-strength currency indicator break and hover below the 0.00 horizontal level as shown on Fig. 1.1, price is said to be pressured downwards, thus signaling a likely sell trigger.

Suggested Stop Loss for Sell Trade: Place stop loss above the red falling line or 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 red line of the mva-s custom indicator intersects the blue 14 SMA indicator line while a bearish trend is ongoing, bears power is said to be weaning, hence an exit or take profit stance will do.
  • If the moving-average-strength indicator pops up a green histogram above the 0.00 horizontal level (refer to Fig. 1.1), bears are said to be closing their Dash market orders increasingly i.e. a signal to exit or take profit forthwith.

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

Fig. 1.1

Free Download

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About The Cryptocurrency Technical Indicators Used

The mva-s currency indicator is a modified moving average indicator that smoothens price data using a continuous stream of average price.

The 14 SMA (Simple Moving Average) is a technical analysis indicator that smoothens out price data by constantly creating an updated average price.

The moving-average-strength indicator is a multifunctional technical tool that is comprised of MACD, Stochastic and a moving average.

Easy Installation

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

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