- Is the 10MA above the 20MA and a candle? If yes, open a long.
- Will close the trade at the first candle.
- Reverse it for going short.
Quite a conservative strategy, not for day trading.
Will need to be able to short altcoins to make the most of it, but will at least keep you out of sustained downtrends.
Backtest it on bitcoin and other large cap alts on high time frames. For lazy trading, can set up alerts with AutoView.
Check out my other scripts.
Some profitability backtesting results on 1 day timeframe using strategy tester:
XBTUSD = 85.9% (Bitmex)
LTCUSD = 75.6% (Bitfinex)
ETHUSD = 73.8% (Bitfinex)
NEOBTC = 83.9% (Binance)
TRXBTC = 79.4% (Binance)
EOSBTC = 88.1% (Binance)
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