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montecarlo [2019/05/10 03:20]
cryptocoyn
montecarlo [2019/05/10 03:32] (current)
cryptocoyn
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 <callout type="​info"​ icon="​true"​ title="​Strategy Overview">​ <callout type="​info"​ icon="​true"​ title="​Strategy Overview">​
-  * This strategy ​does ... +  * “Monte Carlo” is a short term strategy ​designed to buy the dip during a downward trending market.
- +
 </​callout>​ </​callout>​
  
 <callout type="​danger"​ icon="​glyphicon glyphicon-search"​ title="​Entry Criteria">​ <callout type="​danger"​ icon="​glyphicon glyphicon-search"​ title="​Entry Criteria">​
-  * The strategy ​entry criteria makes use of ...+  * This strategy ​attempts to buy the dip in a downward trending market.
  
-  * It uses trailing buy to ensure we buy as close to the bottom of the trade cycle as possible.+  ​* It looks for a short term Buy Signal using EMACROSS and LOWBB to determine if the buying conditions are correct.  
 + 
 +  * Using LOWBB it confirms we are in the lower range.  
 + 
 +  ​* It uses EMAGAIN to see if there is a dip in the price we can take advantage of.  
 + 
 +  * It then uses STOCH to see if we are oversold ​to ensure we buy the dip.  
 + 
 +  * Finally it trails the price to ensure we get to the bottom of that dip.  
 + 
 +  * In a similar fashion to FrankenStrategy this strategy employs a scalping strategy to sort out pairs in order to find those pairs that will go in to DCA where the real profits are.  
 + 
 +  * This strategy introduces the Tesla Buy Triggers an aggressive DCA buying strategy to decrease average price quickly and get pairs into profit.
 </​callout>​ </​callout>​
  
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 <callout type="​success"​ icon="​glyphicon glyphicon-signal"​ title="​Exit Criteria">​ <callout type="​success"​ icon="​glyphicon glyphicon-signal"​ title="​Exit Criteria">​
-  * This strategy ​checks ....+  * This strategy ​uses the GAIN to sell as soon as the current price goes above the GAIN threshold you set
  
-  * This strategy makes use of ....+  * It uses trailing profit to ensure we sell as close as possible to the peak.
 </​callout>​ </​callout>​
  
 <callout type="​tip"​ icon="​true"​ title="​Strategy Tips">​ <callout type="​tip"​ icon="​true"​ title="​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. ​+  ​* This strategy works in either a Bear or Sideways market. It is a good strategy to use in a Bear market because it doesn'​t need a lot of volatility to be able to pick good pairs to trade with, it scalps until it finds them. 
 + 
 +  * See the Specific Strategies section regarding the [[specific_strategies#​tesla_dca_triggers|Tesla DCA Triggers]] used by this strategy. 
 + 
 +  ​* 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 [[default_settings#​PTTracker_DCA_Calculator|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 [[default_settings#​PTTracker_DCA_Calculator|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.   * Use the [[default_settings#​PTTracker_DCA_Calculator|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 [[default_settings#​PTTracker_DCA_Calculator|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.
 </​callout>​ </​callout>​
  • montecarlo.txt
  • Last modified: 12 days ago
  • by cryptocoyn