1- It should open position only when there's a minimum gap
2- No stop loss and reduce risk
3- Many win small trading positions every day.
4- You decide a % to win so that fees are always paid
5- Even for newbies
Disadvantages
1- Always recharge different wallet om different exchanges
2- Requirement of several exchanges to perform good
3- Very low quantities available to trade
4- Some positions can't be closed due to market volatility
5- It requires a lot of manuality to be correctly handled.
Regarding other trading system, my experience shows that
1- Algorithm do not perform well yet in Crypto. Some Good ones are Stochastic and standard bollinger bands
2- Open limit position is better as you can save several trading fees
3- Scalp can be profitable only in growing or lowering bullish period.
What do you think?