Hereby I present you the EMA RSI Lowest Low Hidden Divergence strategy, which I discovered on a youtube channel. He has tested the strategy hundreds of times manually, herewith I try to automate the whole thing.
Since I use the strategy with a bot, it can only enter long positions for now. But in the future I will add the possibility to trade short positions.
The strategy was tested with BTC/ USDT in 1m chart (8 days). The values must be adjusted depending on the timeframe and coin.
First of all, we need a bullish hidden divergence. Once this is detected, the following parameters are checked:
The 50 EMA must cross the 250 EMA .
Then, the candle must close above the 50 EMA .
The K line of the RSI STOCH indicator need to crosses the D line.
If the next candle closes above the 50 EMA , a long position is opened.
The stop loss is determined with the "lowest low/highest high lookback". The profit factor is multiplied by the value of the lowest low/highest high lookback.
The results of the strategy are without commissions and levers.
If you have any questions or feedback, please let me know in the comments.
In the future I will add other types of stop loss / take profits. (ATR; %; eg.)
I wish you good luck with the strategy!
Информация о релизе
The strategy is now designed on a 15 minute chart, but works just as well on the 1 minute chart.
It is now possible to trade short positions.
You can now see the stop loss of the respective candle.
Информация о релизе
Added the possibility to calculate the stop loss and take profit by means of the ATR
*Added table with the last tp and sl
*take profit and stop loss marked on the chart
Информация о релизе
I fixed a bug that caused incorrect purchases when used with bots.
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