Easy Cryptocurrency Swing Trading Strategy
The Easy Cryptocurrency Swing Trading strategy takes advantage of the highly volatile upswings and downswings that occur in the crypto market.
The strategy works for trending and non-trending markets alike, thereby offering us huge profit making potentials.
It works for Bitcoin and altcoin trading without exception!
Let’s get started…
Trade Setup
MT4 Indicators: mcginley-dynamic-indicator.ex4 (Default Setting), mega-trend-indicator.ex4 (Inputs Variable Modified; Period=120, Colors Modified; #1=Yellow), DeMarker.ex4 (Parameter 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
Download the Easy Cryptocurrency Swing Trading Strategy
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 the blue line section of the mega-trend-indicator digital currency indicator crosses below the red mcginley-dynamic-indicator line as illustrated on Fig. 1.0, the Ripple market sentiment is said to be bullish, therefore a trigger to go long on the designated cryptocurrency.
- If the light sea green line of the DeMarker Metatrader 4 indicator breaks and hovers above the 0.5 horizontal level (see Fig. 1.0), price is said to be pressured higher i.e. a trigger to buy the selected cryptocurrency.
Suggested Stop Loss for Buy Trade: Place stop loss a few points below support.
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 mega-trend-indicator custom indicator line intersects the red mcginley-dynamic-indicator line as shown on Fig. 1.0, a bearish reversal is said to be looming, thus an exit or take profit is recommended.
- If the light sea green line of the DeMarker indicator readjust below the 0.5 alert level, bulls power is said to be weaning, therefore 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 blue line section of the mega-trend-indicator digital currency indicator crosses above the red mcginley-dynamic-indicator line as shown on Fig. 1.1, the Ripple market sentiment is said to be bearish, therefore a trigger to go short on the cryptocurrency of interest.
- If the light sea green line of the DeMarker indicator breaks and hovers below the 0.5 horizontal level (refer to Fig. 1.1), price is said to be dragged lower i.e. a trigger to sell the stipulated cryptocurrency.
Suggested Stop Loss for Sell Trade: Place stop loss a few points 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, the mega-trend-indicator custom indicator line intersects the red mcginley-dynamic-indicator line as exemplified on Fig. 1.1, a bullish reversal is said to be on the horizon, thus an exit or take profit is advised.
- If the light sea green line of the DeMarker indicator realigns above the 0.5 alert level during a bearish signal, bears power is said to be halting, therefore an exit or take profit stance will do.
Sell Trade Example: XRP/USD (Ripple / US Dollar), H1 Chart
Fig. 1.1
Free Download
Download the Easy Cryptocurrency Swing Trading Strategy
About The Cryptocurrency Technical Indicators Used
The mcginley-dynamic-indicator is a custom MT4 digital currency indicator that delivers enhanced smoothening using an updated mean price.
The mega-trend-indicator is a modified Hull Moving Average indicator set to a default period of 144.
It does attempt to eliminate lag found on crypto charts while also enhancing smoothing.
The DeMarker indicator is an oscillator designed by Tom Demark that finds use when crypto traders are trying to determine possible overbought and oversold regions in the market.
Easy Installation
Start using this cryptocurrency strategy in just 5 minutes. Click here to get started now.
