One fine day, Binance told me, take a breath, take a break, you should not trade so successfully with increasing volumes anymore .. He said that even 10k EUR would be enough for me)) (binance.com/ru/support/announcement/4887e569afdf4b1e89e024371d3a49b9). I can’t agree with this and therefore, thinking about what to do, I decided to share my experience and see if it will be useful to the community.
Before you continue reading, I will give you a piece of advice that has always helped me in trading.
Study and supplement your trading system until the result is good in different phases of the market.
My content will describe my system, it may or may not suit you, it may not seem interesting or understandable, this is normal. I just want to emphasize that this is a complete system that works both in long and short, and in flat. My system allows % errors and is based on the probability of a trend movement.
Has gone from 2017 from complete zero to the creation of a semi-automatic trading system for the Binance exchange. Systems where you only need to determine the direction of the trend, which is quite realistic in more than 70% of cases, and then the system works without my participation, which helped to minimize the human factor that often interfered with me before (I took a small profit, or expected a big loss, or spent too much time sitting next to the monitor, which is not acceptable for a full life).
What does the system consist of:
1. Trend detection
2. Search for the optimal asset
3. Determination of an error-free entry point for the lower timeframe
4. Determination of exit points
In this part, we talked about the system - having a system, you will understand whether it fits or not, you will be able to evaluate both the overall result and the result of some part of the system. You can replace or correct the desired part.
In part 2 we will talk about the trend.
Thinking about generating useful content, I created a topic in this section - "
The trend is your friend if you know how to identify it", the topic has become quite popular and to my surprise, people are sharing interesting content, but there is no one systematic way that one could immediately take advantage.
If this information is worthy of your attention, let me know and I will make a post with instructions for working with the trend.
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Addition:
Since in the next topic I will tell you how the trend detection tool works and give access to it, I will describe here some more useful information about the timeframe system. These are my observations, I do not claim to be accurate.
Using the system I describe, it is useful to consider that:
Bots trade on timeframes up to 5 minutes
5-15 minutes intraday traders
30 minutes - 4 hours, day traders
1 day -1 month investors.
This information makes sense when there is no global industry news or macroeconomic news that forces most groups of traders to make the same decisions.