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ElToro

Strategy Intent

Trading Criteria Details
Market Suitability All markets but will work faster in a bull market when volatility is higher
Difficulty Intermediate
Strategy Type Scalping
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

  • El Toro is an aggressive scalping strategy that attempts to run with the bulls.

Entry Criteria

  • The strategy entry criteria makes use of the DEFAULT_buy_min_change_percentage to look for pairs that have lost 5% in the last 24 hours.
  • It then looks for a buy signal within the last hour using an EMACROSS (Fast 8, Slow 13).
  • It then looks for an opportunity to buy a small dip in the price using a negative EMAGAIN pick pairs at the bottom of their trade cycle.
  • It uses RSI to confirm we are at the bottom of the trade cycle to ensure we buy the dip.
  • Finally it trails the price to ensure we get the best buy.

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 checks the take profit DEFAULT_take_profit_percentage setting to sell if we are at 1% profit or better but haven't sold in over 10 minutes (2 candles) allowing for a half a percent threshold. If we exceed that threshold the 10 minute countdown resets.
  • It uses both the GAIN and RSI indicators to sell as soon as the current price goes above the GAIN threshold you set.
  • It uses RSI to confirm we are at the top of the trade cycle to ensure we sell at the peak.
  • It uses a low GAIN and DEFAULT_trailing_profit percentage to scalp profits as quickly as possible.

Strategy Tips

  • This strategy works best in a Bull market, but will work in a bear or sideways market just much slower as volatility will be low in those markets.
  • 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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  • eltoro.1557458074.txt.gz
  • Last modified: 2 weeks ago
  • by cryptocoyn