Bitcoin Scalper by InfernoChris
- Uzman Danışmanlar
- Olga Jagodzinska
- Sürüm: 1.0
- Etkinleştirmeler: 5
Description of BTCTradingSccalper_Bot By Inferno Chris
Purpose and Overview:
The "BTCTradingScalper_Bot" bot is designed for automated day trading on the cryptocurrency market, primarily targeting the BTC/USDT pair (default symbol: "BTCUSDT.ecn"). Its core objective is to perform technical analysis while managing risk through a daily loss limit and a dynamic trailing stop mechanism.
Key Features and Functionalities:
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Technical Analysis:
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It leverages multiple technical indicators including:
- RSI (Relative Strength Index): Analysis of the highest and lowest close values over the last 20 candles.
- Stochastic Oscillator: Evaluates oversold and overbought conditions using a 14-period setting.
- Momentum: Calculates the difference between the current close and the close from 21 candles ago.
- SMA (Simple Moving Average): Uses the SMA50 to determine the current market trend.
- Volume Analysis: Compares the current tick volume with the average volume of the last 20 candles to gauge market strength.
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Flexible Mode:
When enabled, the bot employs a more dynamic trade entry strategy by requiring at least two out of three criteria (technical indicator signals and volume conditions) to be met before entering a trade. -
Trailing Stop:
Once a position is open, the bot continuously adjusts the stop loss level to secure profits as the market moves in your favor. -
Multi-Timeframe Analysis:
The bot analyzes the market across multiple timeframes (M15, H1, H4) to get a comprehensive view of market conditions before executing trades. -
Suggested Minimum Capital:
For optimal performance, it is recommended to have a minimum account balance of $200.
Additional Notes:
- Monitoring: The bot is designed to run autonomously; however, regular supervision is recommended to ensure optimal performance and to adjust settings as market conditions change.
- Risk Disclosure: No profits are guaranteed. The bot has been thoroughly tested on historical data, but past performance is not indicative of future results.
- News Consideration: It is advised not to trade during major USD news releases, as these events can lead to unpredictable market behavior and increased volatility.
- Recommended Settings: The attached screenshot displays the recommended settings based on our tests.
Can be used with BTCUSD and ETHUSD. Straight forward to configure. Backtesting is easy to do. The safety features to protect your account are very nice to have! Only one question so far to the author who replied within a short period of time. Two thumbs up!