This is a strategy developed by @zsone, a strategy suitable mostly for altcoins (but not necessary).
The strategy is using the following indicators: Squeeze Momentum (LazyBear), two Ichimoku Clouds (one is MTF), daily EMA21 and EMA golden cross (optionally).
Setting should be used as default.
Rules for entries (scalping): Go Long (green line on the histogram): - use low time frames (3m, 5m, 15m) - candle closes above the ichimoku cloud - squeeze momentum, first grey cross on green histogram (2 ways): 1. histogram is green and have a black cross and later it turns to grey cross 2. the histogram is red with grey cross and it goes to green with grey cross without having a black cross, just directly goes green histogram with grey cross
- price is above the daily EMA21 - price is above or inside de ichimoku cloud MTF (1h TF) - optionally! EMA golden/death cross
Go Short (red line on the histogram): - vice versa
Rules for exits: - DI+ crosses down on DI- on longs - DI- crosses up on DI+ on shorts
- or any fixed, dynamic, trailing... TP/SL (according to the market conditions)
This strategy can be used also for high time frames (12h, 1D) with a golden/death cross confirmation.
Soon I will publish a screener that scan multiple altcoins at once to find setups easier.
P.S.1 The strategy should be used with it's default settings/values (you can change them if you want), but there are 2 versions of Squeeze Momentum from Lazy Bear that you can choose from. P.S.2 This is not a magic strategy, please do your research before using real money! P.S.3 The strategy is free to use, just add it to the favorites and then to the chart.