Buying the dips is a relatively easy automated trading strategy that can return impressive profits, especially during uptrend times. Not all price drops are for buying, though. This trading system is based on a multi time frame buy-the-dip approach to optimize each trade.
The strategy catches sudden price drops on a 1-hr time frame when the price increases significantly in the last 12 hours. During steep uptrends, profit-taking price actions result in flash crashes that provide great opportunity to enter at convenient prices.
Buy Condition
The setup of the script is optimized on a 30 min time frame. You can adjust the parameters to fit different time frames.
The system gets a buy signal when
- the price drops 1% from the two previous candles (1 hour time frame = two 30-min candles) - the price is up 3% from the last 12 hours (twenty-four 30-min candles equal the desired time frame)
Sell Condition
Each trade comes with a stop loss of 3% and a take profit of 4%. This setup has been optimized, running over 150 backtests on more than 20 different crypto trading pairs.
The strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
Release Notes
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Buying the dips is a relatively easy automated trading strategy that can return impressive profits, especially during uptrend times. Not all price drops are for buying, though. This trading system is based on a multi time frame buy-the-dip approach to optimize each trade.
The strategy catches sudden price drops on a 1-hr time frame when the price increases significantly in the last 6 hours. During steep uptrends, profit-taking price actions result in flash crashes that provide a great opportunity to enter at convenient prices.
Buy Condition
The setup of the script is optimized on a 30 min time frame. You can adjust the parameters to fit different time frames.
The system gets a buy signal when
- the price drops 1% from the two previous candles (1 hour time frame = two 30-min candles) - the price is up 3% from the last 6 hours (twelve 30-min candles equal the desired time frame)
Sell Condition
Each trade comes with a stop loss of 3% and a take profit of 4%. This setup has been optimized, running over 150 backtests on more than 20 different crypto trading pairs.
The strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
"The setup of the script is optimized on a 30 min time frame. You can adjust the parameters to fit different time frames.
The system gets a buy signal when
- the price drops 1% from the two previous candles (1 hour time frame = two 30-min candles)
- the price is up 3% from the last 6 hours (twelve 30-min candles equal the desired time frame)"
So if i set time frame to 4h is script interpreting this as "8h" because of two previous candles?
and then 3% from the last 12*4h?
I don't see anything like this in source code, so? how is it?
Thank for your anwser
Muflix
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Thank you, I just launched it 2 days ago with small diff (buy signal when the price is up 3% from the last 6 hours, which is coinrule default at my account). I'm curious how it will progress.
lewisss333
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Many thank! I have learned a lot about script programming from your scripts.
The system gets a buy signal when
- the price drops 1% from the two previous candles (1 hour time frame = two 30-min candles)
- the price is up 3% from the last 6 hours (twelve 30-min candles equal the desired time frame)"
So if i set time frame to 4h is script interpreting this as "8h" because of two previous candles?
and then 3% from the last 12*4h?
I don't see anything like this in source code, so? how is it?
Thank for your anwser