Ethereum Crypto Trading System

Traders are drawn to the crypto markets due to its fast moves, extended trends and responsiveness to major support and resistance zones.

The Ethereum trading system is designed to allow traders speculate on volatile Ethereum cyrpto prices and other virtual coins such as Bitcoin.

One good thing about this trading system is the fact that you necessarily don’t need to be overly capitalized to trade in Ethereum or any other cryptocurrency.

Trades might go against you at one point or another but it’s important that you never panic when the market goes against you, as this happens in any financial market, including the crypto market.

Allows us as we take you through the process and you be the judge…

Trade Setup 

MT4 Indicators: Ichimoku Kinko Hyo.ex4 (Parameters Modified; Tenkan-sen=24, Kijun-sen=15, Senkou Span B=70), pfd-snake-trend.ex4 (Inputs Variable Modified; Length=14, Metho=6, Smoothing=4, Filter=4)

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 Ethereum Trading System

Buy Trade Example: ETH/USD (Ethereum / 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 Ichimoku Kinko Hyo Metatrader 4 currency indicator displays a sandy brown cloud that is aligned somewhat below the candlesticks as shown on Fig. 1.0, Ethereum is said to be pressured to the upside i.e. a trigger to go long on the stipulated cryptocurrency.
  • If the pfd-snake-trend custom MT4 indicator pops up a yellow upward pointing arrow within its indicator window as illustrated on Fig. 1.0, the general Ethereum market sentiment is said to be bullish, thus a trigger to buy the cryptocurrency of interest.

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

Suggested Exit Strategy/Take Profit for Buy Trade

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

  • If the Ichimoku Kinko Hyo indicator displays a thistle cloud while a bullish trend is ongoing, bulls power is said to be diminishing, as such an exit or take profit stance is recommended.
  • If the pfd-snake-trend currency indicator pops up an aqua colored downward pointing arrow within its window (see Fig. 1.0), price is said to be making a likely bearish reversal, thus a signal to exit or take profit on open Ethereum buy positions.

Sell Signal

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

  • If the Ichimoku Kinko Hyo currency indicator displays a thistle cloud that is positioned fairly above the price bars as exemplified on Fig. 1.1, Ethereum is said to be dragged lower, thus a signal to sell the selected cryptocurrency.
  • If the pfd-snake-trend custom indicator pops up an aqua downward pointing arrow within its indicator window as seen on Fig. 1.1, the overall Ethereum market sentiment is said to be bearish, and as such a sell signal is imminent.

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

Suggested Exit Strategy/Take Profit for Sell Trade

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

  • If the Ichimoku Kinko Hyo indicator displays a sandy brown cloud during the course of a bearish trend, bears power is said to be weaning, exit or take profit immediately.
  • If the pfd-snake-trend currency indicator pops up a yellow colored upward pointing arrow within its window (refer to Fig. 1.1), a bullish reversal is said to be mounting, thus a trigger to exit or take profit at once.

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

Fig. 1.1

Free Download

Download the Ethereum Trading System

About The Cryptocurrency Technical Indicators Used

The Ichimoku Kinko Hyo indicator is an appropriate technical tool, particularly for newbies who want to understand trend momentum, direction, pinpointing reversals and locating entry levels on the crypto chart.

The pfd-snake-trend currency indicator is a momentum tool that can be used to define trend, along with possible reversal points on the crypto chart.

Easy Installation

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

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