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rocketman [2019/05/15 12:00]
cryptocoyn
rocketman [2019/05/15 12:08] (current)
cryptocoyn
Line 20: Line 20:
  
 <callout type="​info"​ icon="​true"​ title="​Strategy Overview">​ <callout type="​info"​ icon="​true"​ title="​Strategy Overview">​
-  * This strategy ​does ...+  * This strategy ​is a high risk breakout trader.
  
 +  * It is looking for strong upside breakouts that have already started their move upward and buys into them.
  
 +  * It is high risk as you run the risk of catching a falling knife by doing this but that is also offset by the potential for higher gains trading breakouts.
 </​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 ...+  * The strategy entry criteria makes use of PDHIGH and MACD to find upside breakouts.
  
-  * It uses trailing buy to ensure we buy as close to the bottom ​of the trade cycle as possible.+  * It then confirms ​the breakout with STOCH and RSI by looking for signs of strength in the breakout. 
 + 
 +  * Trailing buy is turned off as we are buying into upside breakouts.
 </​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 ​makes use of PDHIGH to see if we are still in the upside breakout and uses GAIN to see if we hit our profit target.
  
-  * This strategy makes use of ....+  * It uses HIGHBB and RSI to ensure we have reached the top of the trade cycle for this round of price action. 
 + 
 +  * It then trails the price action to ensure we maximise profits.
 </​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 best in a Bull Market but will work in all market conditions as even Bear markets have breakouts, unfortunately they are usually to the downside though. 
-  * 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.+ 
 +  ​* 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|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|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>​
  
  • rocketman.txt
  • Last modified: 6 days ago
  • by cryptocoyn