BingBong Strategy Method - February

Total: 14.09%

BTC-USDT

08/09/10 feb 2023 +4.53%

13 feb 2023 -0.81%

15/16 feb 2023 +9.90%

22 feb 2023 -1.53%

23 feb 2023 +2,00%

BingBong Strategy Method

Indicators: 

• Trendlines with Breaks [LuxAlgo] with slope = 0 without Breakout graphical signal
• SMA 21/23/25 (adaptive with the values) 

The Strategy:

The price continues the main trend using more "waves" so, when I would trade it, the wave must be evaluated into the trading system and help me to take the trade direction (long or short)

There are 4 phases:

• observing
• preparation
• set the order price
• close the position

OBSERVING

The price is in a range and it not produces a signal

PREPARATION

The price bounce from a previous level (highlighter)

SET THE ORDER PRICE

After preparation phase the price could break the previous level so, we can insert the entry price below (or above) the level

Notes:

1. SMA is our stop loss and also the take profit
2. Close the position if the order has been execute but the candle close is above (or below) the level 

CLOSE THE POSITION

Close the position following the SMA level