Bitcoin Trading System Rules: Write Down The Rules and Follow Them

We shall use the previous steps to come up with a written bitcoin trading system that generates the trade signals shown below using the 1 hour crypto chart. We shall use the 1H cryptocurrency chart to write the rules of this bitcoin trading strategy -bitcoin-currency trading system.

A bitcoin trading system refers to a set of written bitcoin trading rules that you follow to manage your trades. These rules must be written down so as to guide you. The following learn bitcoin trading tutorial will show you how to write the rules of your cryptocurrency trading system.

The keyword is a SET OF Bitcoin Trading RULES which you must follow. If you don't follow the bitcoin trading rules then you don't have a cryptocurrency trading system. Bitcoin trading systems must have rules which are written down within your bitcoin trading plan.

Example of Bitcoin Trading System below:

Writing Rules of a Bitcoin Trading System- 1 hour Bitcoin Chart Time frame Trading

You can come up with the above bitcoin trading system using the steps below:

Step 1:

Choose your Chart Time Frame - 1H crypto chart

Step 2:

Choose Indicators that identify a new trend - Moving Average Crossover System.

Step 3:

Choose Indicators that confirm the bitcoin trend - RSI, Stochastic

Step 4:

Finding entry and exit points

Long Entry

1. Both Moving Average pointing up
2. RSI above 50
3. Stochastic oscillator going up

Short Entry

1. Both Moving Average pointing down
2. RSI below 50
3. Stochastic oscillator going down

Exit

1. MA gives opposite signal
2. RSI gives opposite signal

Step 5:

Calculating risks in each trade - 20 pips

Step 6:

Write down the bitcoin trade system Bitcoin rules

Step 7:

Test the cryptocurrency trading system on a cryptocurrency trading demo practice account

After using these steps we come up with the written bitcoin trading system rules below.

Writing Bitcoin Trading System Bitcoin Rules

Example of How to Write the Best Bitcoin Trading System Rules

This bitcoin trading system produces the trading signals as shown below. Using these bitcoin trading rules traders can determine when to enter and exit cryptocurrency trades.

Generate Buy and Sell Crypto Trading Signals using Written Crypto Trading System Rules

We have completed writing the bitcoin trading rules, if you are researching on how to create the best bitcoin trading system, this learn bitcoin trading tutorial is a good start to guide you on how to do just that. This is one part of a the bitcoin trading plan. Now how do you create a complete bitcoin trading plan? To read about Bitcoin plan tutorial go to the right navigation menu of this website under Bitcoin key concepts where you can find a link for this Bitcoin trade plan topic.