bazkie

ElanStrategy v2.0 (weighted MA's)

BITMEX:XBTUSD.P   Bitcoin
A trend-following strategy with a twist.

I worked on the premise that Bitcoin price swings can not be predicted properly, since it's such a heavily manipulated market. Therefore, I chose to work with following the trend instead of predicting reversals.

It uses a weighted average of short, medium, and long range MA's.

This is the second version (see link below for v1.0), The main difference is that this new version uses a less binary position - it will change the position more gradually.

This one will automatically correct for bar duration, and works well from 1 to 4 hour charts. (1 hour chart seems to have data going back to only 2018/01/01 at the moment of writing, so I recommend using the 2H chart or higher)

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.