dinhchien

BTCUSDT - Breakout Keltner channel & ADX 7 Mar 2021

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
* Historical statistics from 2018:
- 14 consecutive wins.
- 3 consecutive losses.
* Strategy will enter 2 orders, command 2 will appear only when there is command 1:
Command 1: risk / reward ratio 1/1 used to determine if this rule is effective or not? When I Publish, order 1 always has the success rate in 4 years, 1 year and each quarter is 55-69% higher.
Option 2: Appears when there is order 1, Use take-profit and take-loss level of order 1, but enter later according to Fibonacci draw from 2 take-profit and take-loss points of order 1.
. * Order 1 to enter an order:
- Buy: When the ADX index cuts up to 45, check earlier if the closing price has cut up and is above the Upper 2 line, enter the Buy order.
- Sell: when the ADX indicator cuts up to 45, check before that if the closing price has cut down and is above Lower 2 then enter a Sell order.
* How to enter Order 2: When order 1 appears, there are always Stoploss and Takeprofit levels. Draw Fibonacci from take-profit and take-loss prices, Fibonacci retracement level = 75%
----------------
1. Trend identification:
- Channel Keltner:
... Uptrend: when the closing candlestick cuts up and is above the Keltner channel, the Upper Line 2
... Down trend: when the candle closes and falls above the Keltner Line Lower 2
*** Free reference and use:
Keltner Color count
2. Rules of entry:
- Channel Keltner:
... Buy: Candlestick closing price cuts up and above the Keltner Upper 2.
... Sell: The closing price of the candle cuts down and is lower than the Keltner Below 2.
ADX indicator:
... Buy: The ADX value crossed to 45 and the close of the candle was higher than Keltner Upper 2.
... Sell: ADX value cuts to 45 and the close of the candle is lower than Keltner Below 2.
3. Stoploss and Profit = atr (20) * 2.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.