DCA After Downtrend v2 (by BHD_Trade_Bot)

The purpose of the strategy is to identify the end of a short-term downtrend. So that you can easily to DCA certain amount of money for each month.

The buy orders are placed on a monthly basis for assets at the end of a short-term downtrend:
- Each month condition: In 1-hour time frame, each month has 24 * 30 candles
- The end of short-term downtrend condition: use MACD for less delay

The sell orders are placed when:
- Is last bar

The strategy use $1000 and trading fee is 1.1% for each order.

Pro tip: The 1-hour time frame has the best results on average:
- Total spent: $1000 x 33 = $33,000
- Total profit: $65,578
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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