Old Faithful

Strategy Intent

Trading Criteria Details
Market Suitability All markets but will work faster in a bull market when volatility is higher
Difficulty Beginner
Strategy Type Retracement trading
Take Profit
Positive DCA
Pending Orders
Trailing Stop Loss
Demo Server


  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 in any market conditions by looking for retracements.
  • A retracement is a when a trading pairs price rises or falls versus the prevailing trend. Note this is not the same as a complete reversal where you would see large price changes, where the trend changes direction entirely.

Entry Criteria

  • The strategy entry criteria makes use of EMAGAIN to 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.
  • It may not buy during Bitcoin mooning but there should be sufficient pairs in your DCA log to allow you to trade through those times.

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 uses the GAIN to define the minimum profit we should take.
  • It then looks to the RSI to confirm the upward trend.
  • 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.


  • oldfaithful.txt
  • Last modified: 13 days ago
  • by cryptocoyn