Developing a ==22==BTCUSDBTC/USD Crypto System That Works
When developing your own bitcoin system, there are a couple of factors and aspects to keep in mind. Your bitcoin trading strategy needs to be-able to identify new Bitcoin Trade market trends, while the same time making sure you do not to get faked out - bitcoin trading whipsaw signals. The real trick is, once you've created a bitcoin system which works for you, stick to it. Being disciplined will help you as a trader a lot in becoming successful in cryptocurrency.
Before trading Bitcoin on a live bitcoin trading account, you have to figure-out what bitcoin strategy works for you. It's good to know in what chart timeframe you are going to be working in, & how much you're willing to risk once you start and begin btcusd bitcoin trading. All these should be factored in, & should be written down within your bitcoin trading plan. A nice place to test this plan would be on free practice account. This is where you test out your bitcoin trade strategies risk-free without investing money to figure out which strategy is best suited and fitted for you.
So, now how can one like you come up with a "good bitcoin trading system" or the "best bitcoin trading system"?
To develop the best strategy the first thing to do is to define your bitcoin trading objective or goal:
The following examples shows a goal & explains the bitcoin guidelines of how to achieve that objective
Goals of Bitcoin System
1.Identify a new bitcoin trend
Moving Average(MA) ==22==crossovercross-over strategy bitcoin strategy is most commonly used strategy to identify a new cryptocurrency trend. Time to open a long or short trade is decided when two moving averages indicators cross over or cross under each other.
2.Confirm the new bitcoin trend
RSI(RSI) Indicator and Stochastic Oscillator Indicator are the most oftenly used bitcoin indicators to confirm a trend.
Indicator based System
Best type of a btcusd strategy is one that is indicator-based. You'll find it straight forward to generate the cryptocurrency signals & thus less error-prone on your part and this will help you to avoid cryptocurrency market whipsaws.
There are several things we want to achieve when developing a Bitcoin trading system:
- Find entry points as early as possible.
- Find exit points securing maximum gains.
- Avoid fake entry and exit signals.
- Proper BTCUSD Trade Equity Management Rules
Finishing these 4 objectives will result in a profitable bitcoin trading strategy that works.
The last piece of info needed, is deciding how aggressive you're going to be when entering & exiting & getting out of a trade. Those traders that are more aggressive wouldn't wait until the cryptocurrency chart candle closes & would enter as soon as their indicators match up. But most traders would wait until the btcusd chart candle of the chart timeframe they are using has closed, to have more stable signal when entering the bitcoin crypto market.
To get profits out of btcusd trading market you need to develop your own profitable system: a strategy that will generate profitable cryptocurrency signals. You need to have your own btcusd crypto strategy that will help you as a trader achieve your financial goals. Sometimes the best trading systems are the ones which you build on your own. No need for you to keep searching online for the best systems or for btcusd systems that work, this website provides you with all the tools required to help you as a trader and lesson you on how to create your own bitcoin trade systems.
Illustrated Below is example of a trading system depending on RSI, MACD ==22==& Stochastic.
Bitcoin System - Bitcoin MT4 Chart Templates Bitcoin Systems Strategies
The cryptocurrency trading system illustration displayed above is comprised of 4 indicators in total, all of these generate signals using different strategies, the MA will generate cryptocurrency signals using the MA crossover strategy shown, the RSI, Stochastic indicator & MACD indicator use different trading analysis to generate the long and short signals just as shown in the above illustration. How to generate these signals is discussed in the next lesson (on the sidebar navigation learn courses menu under key concepts).
For beginner traders, it is difficult for them to develop their own btcusd trade strategies since they do not have much knowledge about the btcusd cryptocurrency market. However, this learn btcusd site will explain how a beginner trader can create their own free bitcoin trading system in just seven easy guidelines. Best strategy is one you come up with yourself & learn how to trade the btcusd trading market with it.
Main advantage of developing your own free bitcoin systems is that ==22==you'llyou--will know how to make profits by yourself - and not rely on other peoples efforts.
In the next lesson located at sidebar navigation learn courses menu below the bitcoin trading key concepts will show to you how to create a bitcoin system like that one above, write it's bitcoin trading rules & how to back test the cryptocurrency trading system on a practice practice cryptocurrency account before using it on live crypto account.
4 Example Illustrations of Free Bitcoin Systems Trading Strategies
Example 1: The MA Cross over Strategy
The MA indicator cross over trading method uses 2 moving averages to generate btcusd signals. First ==22==Moving--AverageMAMoving--Average(MA) uses a shorter period & the second is a longer period.
MA Crossover Bitcoin Technique/Method - Moving Average Cross-over Strategy Method
This above btcusd strategy is referred to as the Moving Average cross over strategy because btcusd signals get generated when 2 averages cross above or below each other.
Bitcoin System Example Template - Short ==22==& Long signal Generated by System
A buy cryptocurrency signal or going long trade is generated when shorter moving average indicator crosses above the longer moving average indicator (Both MAs Moving Averages Moving Up).
A sell crypto signal or a going short trade is derived & generated when shorter average indicator crosses below longer moving average indicator (Both MAs Moving Averages Going Down).
Example 2: Stochastics BTCUSD System
Stochastic Oscillator can be combined with other indicators to form a cryptocurrencytrade system.
- RSI indicator
- MACD
- Moving Averages btcusd cryptocurrency indicators
Systems Strategies Bitcoin Example - Bitcoin MT4 Chart Templates Bitcoin Systems Strategies
Short Signal or Sell Trade Signal
How the short sell ==22==CryptoCryptoCurrency signal was generated
From our btcusd rules the short sell signal is derived & generated when:
- Both MAs Moving Averages are moving down
- RSI is below 50
- Stochastic moving downwards
- MACD moving downwards below centerline
The short sell signal was derived & generated when all the written bitcoin rules were met. Exit signal is generated when a bitcoin signal in the opposite market trend trade direction is generated.
The good thing about using such a bitcoin strategy is that we are using different types of bitcoin indicators to confirm the cryptocurrency signals and avoid as many fake out whipsaw signals as possible in the process.
- Stochastic - btcusd cryptocurrency momentum oscillator
- RSI - ==22==btcusdbitcoin momentum oscillator
- MAs Moving Averages Indicator - btcusd crypto trend following technical indicator
- MACD - ==22==btcusdbitcoin trend following oscillator
Based on the crypto chart timeframe used - this strategy can be used as Bitcoin scalping system when the minute charts are used or as a Bitcoin day bitcoin trading system when hourly trading charts are used.
Example 3: System Bitcoin Example
This crypto trading system is fully explained within the btcusd trade plan on the bitcoin trade plan lesson on this learn site under the BTCUSD key concepts section located on right navigation menu.
Chart Time-Frame
1H bitcoin chart
Indicators that identify a new bitcoin trend
MA Crossover ==22==Technical Indicators Strategy
Indicators which confirm the bitcoin trend
RSI indicator
STOCHASTIC OSCILLATOR indicator
Long Entry - Buy Signal
1. Both Moving Average(moving averages) heading upwards
2. RSI above 50
3. Both stochastics oscillator technical indicators heading up
Short Entry - Sell Trade Signal
1. Both Moving Average MA pointing down
2. RSI below 50
3. Both stochastics oscillator ==22==technical indicators heading down
Exit ==22==Trade Signal
1. Moving Average Indicator generates in the opposite market trend signal
2. RSI generates in the opposite trend signal
Money Management in Bitcoin Trading
Stop Loss - 35 pips
Take Profit Bitcoin Order - 70 pips
Reward to Risk 2:1
Bitcoin MT4 Chart Templates Bitcoin Systems Trading Strategies
The Gann Swing Oscillator Technical Indicator is meant to be used in combination together with the Gann HiLo Activator and Gann Trend to form a complete bitcoin strategy oftenly known as the - "New Gann Swing Chartist Trade Plan". Within this bitcoin strategy the Gann Swing Oscillator is used to help determine crypto market swings for trading only within the current bitcoin trend is displayed ==22==and illustrated by the Gann Trend.
Shown Below is illustration of the New Gann Swing Chartist Trade Plan
Gann Chartist Plan - Bitcoin Systems - Bitcoin MT4 Chart Template System
Learn More Tutorials and Courses:
- How Can You Set ==22==MetaTrader--5 BTC USD Market Facilitation Index Technical Indicator ==22==in MT5 Platform?
- Getting Started in Bitcoin Technical Analysis
- How Can You Trade Bitcoin & Set Pending BTCUSD Orders in MT5 Platform/Software?
- How Can You Set On Balance Volume BTCUSD Technical Indicator on Trading Chart in MT4 Software Platform?
- McClellan Histogram Bitcoin Indicator Trading Analysis in BTC USD
- How Can You Activate a Bitcoin Trading EA in MT4 Software Platform?
- How ==22==CanDo You Use MT4 Trading Platform to Trade?
