Topic: Best trading strategy for everyone! (Read 251 times)

Almost everyone is saying that 3 minutes is not a good time frame for trading. Sometimes you may get 1-2 trades a day, and some times you won't get a single trade in many days. If the strategy is based on 3 minutes candles that doesn't make it unreliable. The focus should be on parameters of the indicators, and unfortunately very few people understand those well.

I modified the parameters of the indicators many times during making of the strategy, and when I found the working parameters than I stick with those. During the tweaking process I have had some losses, but once tweaked to best levels I recovered all my losses, and gained enough profit from my trades.


I haven't claimed that the strategy will work every time, but I have said that it will work most of the time, and I will stick with my words. I will share some trades using this strategy just to prove that it's still working on 3 minute charts. As a bonus I will apply this strategy on an altcoin to check if it works on them or not. I haven't done any trading on demo accounts, but that might be a good option for those who do not want to risk their money.


Thanks for your kind words my friend. It will be really nice of you to try the strategy and share the results. However, if you can't share it then no problem at all. You're most welcome. I hope you can understand that it requires a lot of time and effort to make a working strategy for yourself. In the process you might lose so many trades before reaching to the working parameters.

Sharing that strategy is also a difficult decision because if something is working for you, and you're profiting from it, why would you want to share it with someone else? But, my main intention behind sharing of the strategy was to give something from my side to this forum. I have learnt a lot from this forum, and because of that knowledge my financial condition became better. Thanks a lot to you and everyone else who liked the strategy, I will soon share some of my personal trades using this strategy.

OP has already mentioned in his post that it's scalping trading if we want to book less profit means if we don't fall prey to greed for more profit. You should read it in the second last para.

I mean no disrespect, actually, I am also a newbie to trading and still in the learning phase, I just do not get the point here, why is it that, this strategy will work for the OP, and why not for us? because if he is using this strategy in BTC by using some settings then by doing the same, why we can't do that? It's just copying and pasting. And for the last, he already replied that he has been using this strategy for more than 6 months. and slashz9 you it also covers you question. Note* OP i will try to use this strategy in backtesting trading or in demo accounts and i will try to share my results (not a promise but it really excites me to try new things). and thanks for sharing your experience).

Are you sure?

So why do we have to change from trading to holding?

Let me say my opinion, it is not good. If you are trading, let's have some important things in your trading plan.
- Assign a separate capital of yours to trading.
- Don't mix your capital for trading and investment into one.
- Trading and investment require different strategy like risk management.
- If  you mix trading and investment, then you will fail to know what you are doing and fail to get profit for both trading and investment.

Bad advice ever. You will learn your hard (loss) lesson but you can change yourself and I hope you won't have loss.

Again, bad thinking.

You must have different order for different candles. Don't mix them into one as with each candle, you must have different calculations, plans for enter, exit the market to control risk.

can you make a video about how did you use this strategy? because I'm interested in trying this but I'm still confused about implementing it in my trading.
with video, it will make the people here can try it quickly.

There’s no universal strategy though that you needs to follow because in trading you have to do everything and learn the trend before you can make profit. Demo account is ok as well for the starter, and you can do this without using any broker, its ok as well to trade with small money because by this you can learn more.

3 mins is a short time frame and you need to be very careful using this strategy at scale. I don't know your success rate so far but this is not for everyone, even some day traders will struggle to deploy this strategy because the trade notification will be often and cause indecision. I have issues that you base your strategy only on RSI, in a bear market or when the market enters a downturn using this will get you burn, I will advise you to review this

Candle in the trading view is the important one for the trading analysis. Most of the old traders know this fact and they using this trading view for the trade and profit limit.And we can use the chart with 24h limit for the long run,We can make one analysis based on 24h variation.The same can be analysed with the 1h analysis to meet the deep analysis of the chart and variations in the price of selected coins price.So we can trade based on the price variation and finalise the price to invest at the particular price.Then it help us to earn some money by the complete circle of curve.The curve will be repeated and we earn easily.

I agree, I think the price should not be really like this at the current moment neither but it is, however 3 minute candle is not the way to in order to trade. If you are going to make a trade within 5 minutes then maybe, like buy and sell all within 5-10 minutes then maybe that would be ok, but we are talking about something that is too risky at the moment.

You should be like a futures trader or something to care about that, I am not one of them. If you want a proper trading, 1 hour is more than enough, because that gives you decent candles and you can make a trade, however if you want to make a quicker trade at least do like 15 minutes in order to see it clearly, 3 minutes is just way too short and will not show you anything.

It is good that you have made clear view that the strategy may not work for everyone and that is true. Changing default parameters of an indicator is not new and it is meant for traders to find a better ground for profit and the traders will continue to do that until certified on a particular measure that is working for their trading strategy and time frame. I commend your effort to open the eyes of traders on the changing of indicators parameters.

3 minutes isn't too short for trading, so how many trades do you do during a day and have you been doing it for months, does it work?
we will happy if you share another about your journey 

Exactly,the OP is dropping a strategy that maybe has worked for him before,how is he sure it's going to work for another person?how long has he been using the strategy that he considers it the best for everyone? Thank God someone is seeing from own point of view that there is no specific strategy that suits everyone,one man food is another man's poison.His topic is supposed to be a suggestion not something he is very sure of.Well,I have my own personal strategy that I use,and that strategy is the one working for me,I cannot make guarantee that the same strategy will work for another person thesame way it's working for me,I will just give it out as a suggestion.

Thank you for your kind words. You have heard about this strategy, I mean how could someone else build upon exact same strategy. I think their parameters might be different from the ones that I have shared. I don't know about their version but my version works well for Bitcoin. It will really be helpful if you try the strategy and share your feedback, I really appreciate your words.

I have updated the post with an example, kindly check it. I think my example is enough for now. I will soon share some on my results with the strategy.

So far, this looks like a good strategy. I had heard about something similar like that few months ago, but I wasn't sure if it would work, so I didn't try it. I had assumed it wouldn't work on Bitcoin, and the chart wasn't that predictable. However, the video I saw was about using this strategy on other altcoins. I think I will try your strategy and provide feedback in the future. Thank you for sharing, and I will update this post once I try it.

OP, please try to provide some evidence to support your strategy ASAP.

People would like to have more details and see new evidence that your strategy works.

Thank you so much for the kind words. Yes, I have been testing this strategy for more than 6 months and so far it has been working for me. I know that it's hard to believe a strategy that's based on 3 minute candles, but it's a working strategy and if someone masters it then the results will be positive. I'll show you some of the results because I have been doing the strategy for a long time I never thought about taking screenshots of it. I will share the results of the next trades that I will execute with this strategy. Thanks!


We aren't relying on RSI alone we are using Bollinger bands as well. So far the percentage of success has been very high for me. I won't be able to share the data of the whole month but I'll definitely execute some trades with the strategy and share my results. I must say that this strategy is for those only who can control their emotions.


As long as you are not in hurry, you will not lose with this strategy. And, if a sudden market collapse comes in the way then holding will be favorable. There is no need to set any stop loss for this strategy. This strategy also includes 30 minute candles, the first two trades will be based on 3 minute candles, other two trades will be based on 30 minute candles. I have explained that in my strategy, you should go through it once again.

so you share it with your experience trading Spot? it's pretty good for teaching a beginner the basic techniques. but more beginners will actually be more interested in futures trading. that's what happened to some of the newbies around me.
but I don't really understand why is your reason for using 3 minute chart candles? would you only use day trading analysis for very fast market moves? isn't that not going to maximize the results of the profit when the capital used by beginners is certainly not large. but to give trading experience, it is fast enough for beginners.

This trading strategy you made here look more like scalping strategy, it's a very good strategy but executing it in spot market you need a bigger capital, unlike futures market where you uses lower margin an lower or higher leverage base on your risk tolerance. Concerning the indicators, sometimes it doesn't play out as planned base on the news is more influential  than the indicators.

3-minute candle is for very short trades and it is risky. I don't know OP has ever witnessed fall or crash of Bitcoin within a few seconds, one or two minutes. Even if you use longer candles like 4-hour, 1-day but you are not good to control your position, use stop loss order or stop-limit order, you can have big loss.

With 3-minute candle, you will have very narrow view that is not good to prevent being killed by market squeeze.

What is the theoretical basis for your strategy, relying on RSI alone may not give good results, or at least for the 3-minute candles.
do you have historical data on the percentage of success, or at least share the data daily for a month, so that we can all verify its usefulness as a trading strategy?

Personally, I will not place buy and sell orders based on one variable, especially over the course of daily trading.

First, thank you for sharing your trading strategy, some will not, mainly when it works well. But have you tested this strategy for at least 6 months to know whether it's excellent and recommendable? Some strategies will look promising when used for a little time when the market favours that particular strategy but will continue to misbehave many times after.

Personally, I don't like any strategy that will trade short-term, 3 minutes timeframe is too short, and they will either not work or too demanding for us that can't be staring at the chart as such. I wonder how many trading opportunities low-risk traders of spot trading would be realised with it.

However, I would love it more if you can show your regular trading results with it.

How long have you been testing the strategy. Whats the winning rate?

For example, statistics for a rising wedge:
"A rising wedge stock chart pattern has an 81% success rate on an upside breakout of an existing uptrend. When the price breaks through resistance, it has an average 38% price increase. Following a downtrend, the pattern is 51% successful, with an average price decrease of 9%."
https://www.liberatedstocktrader.com/rising-wedge-pattern/


BTC spot price = BTC futures price. If your strategy predicts BTC price it should work for both in the same way.


do you think it is reasonable to enter a long term trade based on 3 minute candles? The pattern on which you trade is a maximum of 10 hours long. That's less than 1 daily candle.
I will not get into a "hodl" transaction based on 1 unfinished daily candle.

In this post I will share with you one of the best trading strategies that I have created. This strategy works like a charm, and if you master it fully then your chances of winning a trade will be very high. I'm sharing this strategy because I want to contribute something to this forum from my side. This strategy works only for those traders who believe in holding and can control their emotions. This is not a strategy for those who want to be rich overnight, it will work only if you can wait for certain signals. The strategy is based on some well known indicators, and it works  in both bear and bull markets.

This strategy works best in spot trading, but it will work in futures without any problem. However, I won't recommend anyone to do it in futures trading, but still you want to do it then do at your own risk. The winning rate of this strategy is very high and if applied according to my instructions then you will definitely have winning trades. This strategy has given me very good results and if you follow the steps carefully then you will get something good from it.

First of all follow these steps for setting up of indicators:

Step 1: Go to trading view and select the candles of 3 minutes.

Step 2: Go to indicators tab and select RSI.

Step 3: After selecting RSI change its length to 150

Step 4: In indicators tab select Bollinger Bands.

Step 5: After selecting Bollinger Bands change its length to 31 and StdDev to 7.

Once you have applied those setting now it's time for the strategy. After applying the setting you'll see a chart like this:



In this strategy we will divide our capital to 4 parts. We will place first buy order when the 3 minute candle touches the lower Bollinger Band line and the RSI fall below 36. Once the buy order is filled we will hold it, and wait for further dips.

We will place our second buy order when the 3 minute candle touches the lower Bollinger Band line once again, but this time we will ignore RSI signal. If both of those orders get filled then its the time to hold those coins that you have bought.

We can hold those coins for longer or sell them for some profit, but of course holding will increase the profits in long term. However, sometimes it can go down because crypto market is very volatile.

In order to place our third buy order we will select the candles of 30 minutes instead of 3 minutes, and we will again wait for the candle to touch lower Bollinger Band line, and the RSI to fall below 38 this time.

The fourth buy order is just repeating of third buy order, it is executed when the candle touches the lower Bollinger Band line we will place the buy order. Like other orders we will hold it for some time, and then sell it with profit.

This strategy is unique and it has been working for me like a charm. It works best with Bitcoin, but you can try it on altcoins as well, it should definitely work on those without any doubt. I have applied it on some altcoins like ADA, and Litecoin, and the results were positive with those 2 coins as well.

Feel free to ask me any questions related to the strategy, I will answer all those questions that make sense and can be helpful to others. Kindly, don't ask me to show you my trades because that's something I will not share with anyone due to privacy. I'm not a Youtube influencer who shows the trades just to gain revenue from the AdSense ads. I'm sharing the strategy just to give something to this forum, and something that might help others.

I hope it will help new traders, and it might be helpful for professional traders as well. Thanks!

Here is an example to prove that this strategy works:



Let's say that by following the strategy we found a scenario where all the requirements fulfilled now in that case we can execute our first buy order at $29520. Once the order is filled, it's time to wait for the second order, we will place that order only if it meets our requirements which is to touch the lower Bollinger Band line. In this case the second order was not placed as the market became bullish after the first buy order rather then going further down.



Since the second order was not meeting the requirements we sold our coins at 30110. We earned more than 1.6% profit by following the strategy. Keep in mind that sometimes we should settle with lower profits if we are following the strategy just for scalping purposes. what if our all four buy orders were filled? The chances of profits might be higher in that scenario. Keep in mind the example was given for demonstration purpose only.

I'll definitely share some of my trades that I'll execute to show you guys about the working condition of the strategy. Like other strategies it might not work all the time as there is no single strategy that works 100%, but it will work most of the times and your trades will be winning ones. I will repeat once again this strategy only works for those who can control their emotions. I would never recommend to create bots to execute the strategy automatically as that might not be safe. Thank you for reading!