Developing a BTCUSD Crypto System That Works
When developing your own bitcoin system, there are a couple of factors to keep in mind. Your bitcoin trading strategy needs to be-able to identify new Bitcoin Trade market trends, while at the same time making sure you do not to get faked out - bitcoin trading whipsaws. The real trick is, once you've created a bitcoin system which works for you, stick to it. Being disciplined will help you 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 are willing to risk once you start btcusd crypto currency trading. All these should be factored in, and should be written down within your bitcoin trading plan. A nice place to test this bitcoin trading plan would be on free practice account. This is where you test your bitcoin trade strategies risk-free without investing money to determine which strategy is best suited 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 goal
Goals of Bitcoin System
1.Identify a new bitcoin trend
Moving average crossover 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 Technical Indicator are the most commonly used bitcoin technical indicators to confirm a trend.
Indicator based System
Best type of a bitcoin trading strategy is one that is indicator-based. You'll find it straight forward to generate the cryptocurrency signals and 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 creating 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 Crypto Currency Trade Equity Management Rules
Finishing these 4 goals will result in a profitable bitcoin trading strategy that works.
The last piece of information needed, is deciding how aggressive you're going to be when entering & exiting a trade. Those traders that are more aggressive wouldn't wait until the cryptocurrency chart candlestick closes and would enter as soon as their indicators match up. But most traders would wait until the btcusd chart candlestick of the chart time-frame 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 create your own profitable system: a strategy that will generate profitable cryptocurrency signals. You need to have your own btcusd crypto currency strategy which will help you achieve your financial goals. Sometimes the best systems are the ones which you build on your own. No need to keep searching online for the best systems or for btcusd crypto currency systems which work, this website provides you with all the bitcoin trading tools required to help you and lesson you on how to create your own bitcoin tradingtrade systems.
Illustrated Below is example of a tradingtrade system depending on RSI, MACD & Stochastic.
Bitcoin System - Bitcoin MT4 Chart Templates Bitcoin Systems Strategies
The cryptocurrency trading system example above is comprised of four 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 as illustrated in the above example. How to generate these trading signals is discussed in the next lesson (on the sidebar navigation learn tutorials menu under key concepts).
For beginner traders, it is difficult for them to create their own btcusd trade strategies since they do not have much knowledge about the btcusd cryptocurrency market. However, this learn bitcoin trading site will explain how a beginner bitcoin trader can create their own free bitcoin trading system in just seven easy guidelines. The 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 you'll 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 trading 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 trading account.
4 Examples of Free Bitcoin Systems Trading Strategies
Example 1: The MA Cross over Strategy
The MA indicator cross over trading method uses two moving averages to generate btcusd crypto currency signals. First Moving average uses a shorter period & the second is a longer period.
MA Crossover Bitcoin Technique - Moving Average Crossover Strategy Method
This above bitcoin trading 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 & 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 technical indicator (Both Moving Averages Moving Up).
A sell crypto signal or a going short trade is generated when shorter average indicator crosses below longer moving average technical indicator (Both Moving Averages Going Down).
Example 2: Stochastics BTCUSD System
Stochastic Oscillator Technical indicator can be combined with other indicators to form a cryptocurrencytrade system.
- RSI indicator
- MACD
- Moving Averages btcusd crypto currency indicators
Systems Strategies Bitcoin Example - Bitcoin MT4 Chart Templates Bitcoin Systems Strategies
Short Signal or Sell Trading Signal
How the short sell Cryptocurrency signal was generated
From our btcusd crypto currency rules the short signal is generated when:
- Both Moving Averages are moving down
- RSI is below 50
- Stochastic heading downwards
- MACD moving downwards below centerline
The short signal was generated when all the written bitcoin rules were met. Exit signal is generated when a bitcoin signal in opposite trade direction is generated.
Good thing about using such a bitcoin strategy is that we are using different types of bitcoin indicators to confirm the cryptocurrency signals & avoid as many whipsaws as possible in the process.
- Stochastic - btcusd crypto currency momentum oscillator
- RSI - btcusd crypto currency momentum oscillator
- MAs Technical Indicator - btcusd crypto currency trend following technical indicator
- MACD - btcusd crypto currency trend following oscillator
Based on the crypto chart time-frame 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 charts are used.
Example 3: System Bitcoin Example
This cryptocurrency trading system is fully explained within the btcusd trade plan on the bitcoin trade plan lesson on this learn bitcoin trading site under the Bitcoin key concepts section located on right navigation menu.
Chart Time-Frame
1H bitcoin chart
Indicators that identify a new bitcoin trend
MA Crossover Technical Indicators Strategy
Indicators which confirm the bitcoin trend
RSI indicator
STOCHASTIC OSCILLATOR indicator
Long Entry - Buy Trade Signal
1. Both Moving Average(moving averages) heading upwards
2. RSI above 50
3. Both stochastic oscillators technical indicators heading up
Short Entry - Sell Trading Signal
1. Both Moving Average pointing down
2. RSI below 50
3. Both stochastic oscillators technical indicators heading down
Exit Signal
1. MA Indicator generates opposite signal
2. RSI generates opposite signal
Money Management in Bitcoin Trading
Stop Loss Order - 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 with the Gann HiLo Activator and Gann Trend to form a complete bitcoin strategy oftenly known as the - "New Gann Swing Chartist Plan". Within this bitcoin strategy the Gann Swing Oscillator Technical is used to help determine cryptocurrency market swings for trading only within the current bitcoin trend is shown by the Gann Trend.
Shown Below is example of the New Gann Swing Chartist Plan
Gann Chartist Plan - Bitcoin Systems - Bitcoin MT4 Chart Template System
Learn More Tutorials and Courses:
- How Can You Add MetaTrader 5 BTC USD Market Facilitation Index Technical Indicator in MT5 Software?
- Getting Started in Bitcoin Technical Analysis
- How Can You Trade Bitcoin & Set Pending BTCUSD Orders in MT5 Software?
- How Can You Add On Balance Volume Bitcoin Technical Indicator in Trading Chart in MT4 Platform?
- McClellan Histogram BTC/USD Indicator Trading Analysis in BTCUSD
- How Can You Activate a BTC/USD Trading Expert Advisor in MT4 Platform?
- How Can You Use MT4 Trading Software to Trade?
