Hello,

Recently a friend introduced me to cryptocurrency market, specifically Bitcoin (BTCUSD) day trading. I currently develop strategies and back test strategies with NinjaTrader for crude oil and other CME Exchange futures.

I gave up manually trading a year ago. but thinking I should manually trades these markets for awhile.

The price swings in BTCUSD are very intriguing as us traders love a moving market to make money.

So I started reviewing the chart and looking into using MT4 to program a few strategies to back test for the BTCUSD market only.

Questions or Your opinion

1. I do not believe its good idea to program strategy for Bitcoin market cause not alot historical data. Look at weekly the chart. There is only about 8 months of good data and its all been in a up trend. My idea was to build an intra-day strategy.
What do you think on this please?

3. Also, not good idea to program strategy because of the high spread/slippage. I take trade manually and already down 25 pts.

2. I plan to build intra-day strategy. Does MT4 have intrabar granularity back testing simulation?

From just an overview of the cryptomarket, maybe best to just manually trade these market for a year before programming and back testing.

Maybe some thoughts.


Thank you for help and advice.