Bitcoin System Rules: Write Down The Rules and Follow Them

We shall use the previous steps to create a written bitcoin system that generates the trade signals displayed below using the 1 hour crypto chart. We shall use the 1H cryptocurrency chart to write the guidelines of this bitcoin strategy -bitcoin-currency trading system.

A bitcoin strategy refers to set of written bitcoin rules that you follow to manage your trades. These rules must be written down so as to guide you. Following learn bitcoin tutorial will show you how to writedown the rules of your system.

Keyword is a SET OF RULES which you must follow. If you do not follow the rules then you don't have a system. Trade systems must have guidelines which are written down within your bitcoin plan.

Example of Bitcoin System below:

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

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

Choose your Chart Timeframe - 1H bitcoin chart

Choose Technical Indicators that spot a new trend - MA Crossover System.

Choose Indicators that confirm the bitcoin trend - RSI, Stochastic

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 generates opposite signal
2. RSI generates opposite signal

Calculating risks in every trade - 20 pips

Write down the bitcoin trade system Bitcoin rules

Test the system on a cryptocurrency Demo Practice Account trading account

After using these guide-lines we come up with written bitcoin system rules below.

Writing Bitcoin System Bitcoin Rules

Example of How to Write the Best Bitcoin System Rules

This system produces the signals as illustrated below. Using these rules traders can determine when to enter & exit trade transactions.

Generate Buy and Sell Crypto Signals using Written Crypto System Rules

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