Double Cross

Strategy Intent

Trading Criteria Details
Market Suitability This strategy is good for a Bear or sideways market where volatility is at its lowest.
Difficulty Intermediate
Strategy Type Trend trading
Take Profit
DCA
Positive DCA
Pending Orders
Trailing Stop Loss
Published
Demo Server

Note:

  1. Click the cloud icon to view the demo server for this strategy;
  2. Note if the cloud icon is showing in red it means the demo server is not available right now;

Strategy Overview

  • This strategy allows us to trade the trend so we are working with the market trend not against it.

Entry Criteria

  • It takes its time to pick good pairs.
  • It is looking for both a short term Buy Signal and a long term Trend Signal.
  • It uses EMACROSS and SMACROSS, hence the name Double-Cross.
  • It also checks the buying conditions are correct by using LOWBB to confirm we are in the lower range and EMAGAIN to see if there is a dip in the price we can take advantage of.
  • It then uses RSI to confirm we are at the bottom of the trade cycle to ensure we buy the dip.
  • It uses trailing buy to ensure we buy as close to the bottom of the trade cycle as possible.

Trade Management

  • The strategy applies the 2% and 10% rules of trading.
  • Position size is limited to 2% of risk capital per trade.
  • Only 5 trading pairs are active at any time to ensure no more than 10% of total risk capital is employed in trading at any time.
  • A trailing stop loss is employed rather than a fixed stop loss.
  • Take profit is employed to prevent loss of profits.

Exit Criteria

  • This strategy is looking to see if we can maximise profits buy hitting the peak of the trading cycle before selling.
  • It first looks to see if we are in the high range of the trading cycle using HIGHBB.
  • It then looks to the RSI to confirm the upward trend.
  • It uses the GAIN to define the minimum profit we should take.
  • Finally it trails the price to ensure we get the maximum profits possible.

Strategy Tips

  • The key to this strategy is to ensure you do not overextend yourself by getting your max trading pairs and initial cost right to suit your trading budget.
  • Use the DCA calculator we provide to work these values out covering at least 4 levels of DCA for all your pairs. Once you have those values enter them into this strategy. The DCA calculator also ensures you have a 50/50 split on your trading budget to ensure you have sufficient budget for the sell side of this strategy.


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  • doublecross.txt
  • Last modified: 12 days ago
  • by cryptocoyn