This strategy is interesting. But would you have a few more numbers to prove its effectiveness? The problem is that the price in certain moments shoots and all the profit obtained in a week can go away in a single day.
But in bot management this is the logic and this provides liquidity to the market.
Indeed a very interesting day trading strategy and should be easy to achieve. It is not an unrealistic thing to make as far as I am concerned, and I am sure it is a strategy that would always pan out as long as you mentioned about keeping your stop loss active, while still making use of the indicators to make you decisions. It is really a very good tip and a good thing to be sharing experience, so I will say kudos to the OP.
In fact, sitting within btc is really some good call to make. A lot of traders really will not want to do that considering that they also trade the bitcoin fluctuations as well, but at least, setting your priorities right and the priority you have set in remaining in bitcoin is honestly a very solid one and I 100% dig you on that. Also, with your very tight stop loss, it is a very solid way to go about trading bitcoin-altcoin pairs due to their high level of volatility. ADA by the way seems to be a good option to as well.
What i like about it is that I believe it is low risk. You could aim for 2% per trade if you were so inclined but I think youd be in the market longer during each trade and more susceptible to dumps. But the strategy Ive used is just grinding out small but consistent profits.
Over the weekend the depth charts didnt look that good, volumes down. So I stayed away. 0% this weekend but Im not fussed. Ready to go again once the volatility picks up!