INVITE-ONLY SCRIPT
Malphas
Malphas is an indicator derived from a Naberius trading algorithm. It detects the current local ranges in the market and prints a suggested entry accordingly at assumed channel tops & bottoms. As such, it excels at trading smaller more volatile timeframes but can, depending on the asset, be effective up to the daily time scales.
This algorithm was developed to trade primarily leveraged XBT; however, after exploring larger alt coins and the more traditional markets outside of cryptocurrency we found that Malphas does better than the average trader regardless of the pair or ticker being traded at the time. Any core changes to the live trading algorithm will be added to this indicator as they are deployed.
Suggested Methods of Operation:
1. Buy and Sell signals represent a possible trading opportunity. Based on our testing, manual traders should use the 15m - 30m for scalping and 60m - 240m or 1D for larger swings.
2. Upon signal print, place your limit orders spread throughout the current candles total body range. DO NOT MARKET IN. DO NOT CHASE. If the limit orders don't fill within the following candle regardless of timeframe being traded remove them and re-evaluate.
3. Malphas excels at trading "chop" aka tight ranging price action on small timeframes and consolidation phases.
4. Use standard candles. Heikin Ashi candles are ok but can be deceiving in times of localized price volatility
5. Trade the highs and lows. Establish the dominate range or channel and trade accordingly.
This algorithm was developed to trade primarily leveraged XBT; however, after exploring larger alt coins and the more traditional markets outside of cryptocurrency we found that Malphas does better than the average trader regardless of the pair or ticker being traded at the time. Any core changes to the live trading algorithm will be added to this indicator as they are deployed.
Suggested Methods of Operation:
1. Buy and Sell signals represent a possible trading opportunity. Based on our testing, manual traders should use the 15m - 30m for scalping and 60m - 240m or 1D for larger swings.
2. Upon signal print, place your limit orders spread throughout the current candles total body range. DO NOT MARKET IN. DO NOT CHASE. If the limit orders don't fill within the following candle regardless of timeframe being traded remove them and re-evaluate.
3. Malphas excels at trading "chop" aka tight ranging price action on small timeframes and consolidation phases.
4. Use standard candles. Heikin Ashi candles are ok but can be deceiving in times of localized price volatility
5. Trade the highs and lows. Establish the dominate range or channel and trade accordingly.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact RickWriggler for more information, or follow the author's instructions below.
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