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Topic: Using Stochastic RSI for Low Risk Bitcoin Trading (Read 5185 times)

sr. member
Activity: 476
Merit: 250
Sorry, daily, for 1 year.

Not sure about exit points, still working on that. It seems to give way too many indicators to exit; it might be a good filter though. You're definately not going to want to sell unless its moving down out of oversold, its just that it indicates to sell too often.

I've been looking at it at shorter times, like 12h, 6hr, 4, 2, and it does reasonably well at those lower time periods, if you are trading at that high of a frequency.  For a general daily trend, I guess it does well enough.

How could we program this as an algorithm into cryptotrades.org to get email notices and compare backtesting for different time periods?  That might prove to be insightful.
sr. member
Activity: 448
Merit: 250
what time scale are you using for this?  1 day?

do you have a historical profit for 1 year?

Just look at the chart for 1 year, at least for picking entry points, its fucking foolproof. For exit points, there's probably better options though.
it depends on the time scale.  Looking at this on a 30m chart, it is anything but foolproof, or maybe I'm not sure where it indicates good entries.  Is it when the Sto first crosses the 20 line or when it is leaving 20?

what would you suggest for exit points?

Sorry, daily, for 1 year.

Not sure about exit points, still working on that. It seems to give way too many indicators to exit; it might be a good filter though. You're definately not going to want to sell unless its moving down out of oversold, its just that it indicates to sell too often.
sr. member
Activity: 476
Merit: 250
what time scale are you using for this?  1 day?

do you have a historical profit for 1 year?

Just look at the chart for 1 year, at least for picking entry points, its fucking foolproof. For exit points, there's probably better options though.
it depends on the time scale.  Looking at this on a 30m chart, it is anything but foolproof, or maybe I'm not sure where it indicates good entries.  Is it when the Sto first crosses the 20 line or when it is leaving 20?

what would you suggest for exit points?
hero member
Activity: 588
Merit: 500
Personally I love MACD for entry and exits....and AVG True range to determine the strength of what is happening.
sr. member
Activity: 448
Merit: 250
what time scale are you using for this?  1 day?

do you have a historical profit for 1 year?

Just look at the chart for 1 year, at least for picking entry points, its fucking foolproof. For exit points, there's probably better options though.
sr. member
Activity: 476
Merit: 250
what time scale are you using for this?  1 day?

do you have a historical profit for 1 year?
legendary
Activity: 2170
Merit: 1094
Bitcoincharts has been down for over an hour. Someone else able to access it?

PS. It's working again, what a relief!  Smiley
newbie
Activity: 17
Merit: 0
Ooh.
Thanks for this. I'm leverage trading BTC on BitFinex and simply create buy and sell orders. My BTC amount stays constant, I just add more USD with each successful trade. This will help me trade better.
sr. member
Activity: 448
Merit: 250
Here are my indicators.


Um, ok.... and how exactly are you using them?
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
Here are my indicators.
sr. member
Activity: 448
Merit: 250
looks promising.. but you know what's better? buy and never sell Smiley

I'm actually fairly sure that the stoch RSI indicator would outperform buy and hold.
sr. member
Activity: 285
Merit: 250
looks promising.. but you know what's better? buy and never sell Smiley

*lol* true, in a bitcoin bull market it is hard not to make money if you have patience ... the StochRSI has been very good to me for entering and exiting trades. The discipline of following an oscillator helps take emotion out of trades. So does a stop loss:)
sr. member
Activity: 532
Merit: 261
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looks promising.. but you know what's better? buy and never sell Smiley
sr. member
Activity: 285
Merit: 250
The Stochastic RSI oscillator has been giving low risk entry signals for trading bitcoin with high success rate - Trading Bitcoin using Stochastic RSI
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