HOLYGRAIL TRICKS TO DEPLOY WHEN TRADING CRYPTOCURRENCY

I want to share a great strategy that I have been using to trade since early this year. I have had good success with this strategy and provided you follow all the trade rules of the strategy you can achieve close to 80% success.

This strategy is based on trading trend reversals. It requires you to be very patient and calm as confirmed set ups are few, but when there is a confirmed set up it will be very profitable most of the time. 4 indicators and are used for this strategy, I found that it works in both bullish and bearish market. We will trade mainly on 15min chart, although lower time frames(1 or 5min chart) can be used, but with lower accuracy, and higher risk, so its advised to do so with caution.
It is very important to make sure that all the indicators are in agreement for a confirmation of a trade, if not then it will reduce your chance of success.

Setting the Take Profit(TP) & Stop Loss levels(SL) is a personal choice. For me if I do set a SL, I would normally set my SL at the previous high or low, and I also pay attention to price action. The TP can be a fixed target (50-100 pips) or either using Fibonacci retractment, or when there is the next confirmed signal to get maximum pips. I will monitor price action most of the time, and get out if I see the trend is changing and a new reversal forming. Below are the trade rules:
Rules to buy:
• A green Zig Zag Arrow will appear.
• The MBFX Timing indicator is in the oversold zone (Below the 30% level) and indicating a green uptrend.
• The Trend Line indicator is showing green uptrend.
• When the candle crosses and closes above the 15 SMA up from below, and only if the trade is still confirmed by the 3 indicators.

Valid Buy Entry.

Rules to sell:

• A red Zig Zag Arrow will appear.
• The MBFX Timing indicator is in the overbought zone (Above the 70% level) and indicating a red down trend.
• The Trend Line indicator is showing red downtrend.
• When the candle crosses and closes below the 15 SMA down from above, and only if the trade is still confirmed by the 3 indicators.

VALID SELL ENTRY .
Note: SMA means simple moving average.
So basically when all 3 indicators have confirmed a valid trade, and are all in agreement for a buy or a sell according to the rules, and the candle crosses and closes above or below the 15 SMA, a trade is opened.

It's also very important to monitor price action. Sometimes there will be a big fast move with the current candle shooting through the SMA, in that case I wouldn't wait for the current candle to close, and I would enter straight away to catch the rest of the move.

This strategy works and I encourage you guys to try this strategy and share your results. One of my wishes if its possible is to automate this strategy as there are many times I missed a good set up cos I was not awake, out on errands, or not by my computer etc. If there is someone who can maybe create and code an EA that would open and monitor the confirmed trades, I think this strategy could be very profitable for everyone