its not going to work bud...these indicators are great and all until they fail, and when they fail, they will kill your account. Automated trading only works if you possess expensive and complicated algorithms which Goldman Sachs (as an example) had at one point along with having loads of money to actually manipulate the market. The trick to using all of these indicators is blending them...not taking any one by themselves. All those commercials you see on TV about these perfect trading systems that do the work for you are a load of crap. If everyone could do and afford it then everyone would be rich...think about it.
now join my charting service already
now join my charting service already
..just to disclose some information: me and some friends are currently working on a fully automated trading system.
we are at the moment evaluating proper indicators and setting up a environment to backtest the system.
it will probably not make use of 'complicated' indicators and stick to the common ones: MACD, SMA, EMA, Volatility
..what indicators do you trust in the most?
we are at the moment evaluating proper indicators and setting up a environment to backtest the system.
it will probably not make use of 'complicated' indicators and stick to the common ones: MACD, SMA, EMA, Volatility
..what indicators do you trust in the most?
Trend following (MA crossovers) could work on a small scale.
Edit: But only until Bitcoin becomes less volatile. Crossovers keep you on the correct side of the trend, and Bitcoin has big trends.
(Capitulation) 