OPEN-SOURCE SCRIPT
Optimized RSI Strategy - Buy The Dips (by Coinrule)
Buy low and sell high is every trader's mantra. While this approach looks straightforward in theory, it's sometimes challenging to put into practice. That requires stress-management to buy when price drops and resolution in selling when the price is rising. RSI is a useful tool to implement long-term and effective trading strategies. The script presents an optimized RSI trading strategy that uses a Moving average to spot the best time to buy the dip.
The strategy buys when the RSI is lower than 35, and at the same time, the price is below the MA100. In this way, the approach helps avoid catching early dips, increasing buying when the bottom approaches.
The position closes when the RSI value is above 65. Depending on the volatility of the coins that the strategy will trade, it's possible to adjust the RSI exit value to chase larger profits.
The setup is optimized on a 15-minutes time frame and trading cryptocurrencies versus USD or stable coins.
The strategies was backtested over 150 times with multiple setups and coin to assess the best long-term system.
The strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
The strategy buys when the RSI is lower than 35, and at the same time, the price is below the MA100. In this way, the approach helps avoid catching early dips, increasing buying when the bottom approaches.
The position closes when the RSI value is above 65. Depending on the volatility of the coins that the strategy will trade, it's possible to adjust the RSI exit value to chase larger profits.
The setup is optimized on a 15-minutes time frame and trading cryptocurrencies versus USD or stable coins.
The strategies was backtested over 150 times with multiple setups and coin to assess the best long-term system.
The strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.