Post
Topic
Board Trading Discussion
Re: Need help finding the right swing trading strategy to make my first bot.
by
The_honey_bager
on 24/08/2020, 16:20:34 UTC
Try to use Support and Resistance first with some momentum indicator just like stochastic rsi.

Following your suggestion, I searched for some stochastic rsi strategies and I found an interesting YouTube channel that are testing different basic strategies on the Forex market. The strategies that I have watched on the channel so far are tested with a risk/reward ratio of 1.5 a 100 times.

The one that is using the stochastic rsi indicator with the 200 EMA achieved pretty good results:

Success rate: 57%
Initial investement: $1000
Profit: 960$

https://www.youtube.com/watch?v=1W6ZsD6-Y1Q

I will do my own tests for sure on a crypto trading pair to make sure the strategy is really a winning one and can be apply on the crypto market.

Thanks again.