Usually (not neccesarily) BTC price movement bounce in 2 weekly cycle. This strategy is meant to buy the dip of 2-weeks low. So far it has performed really well despite the big dip.
Strategy Description: Buy order placed when the price touches 2-week low.
Potential ROI Monthly (in sideway): 1-2%
Recommended Settings:
Pair: BTCUSDT , ETHUSDT
Time frame: 5mins
Initial Capital: 50
Base Currency: Default
Order Size: 11 USDT
Pyramiding: 4 orders
Commission: 0.1 %
Take Profit: 1%
Stop Loss: 0.5%
//@version=4
strategy("Buy Dip 2-week low [CapAyam.com]")
// Define the 4100-candles low price
low_4100 = lowest(low, 4100)
// Define the buy condition
buy_condition = low <= low_4100
// Create the buy order
if buy_condition
strategy.entry("Buy", strategy.long)
// Define the take profit level
tp_price = close * 1.01
// Create the take profit order
strategy.exit("Take Profit", "Buy", limit=tp_price)
// Define the stop loss level
sl_price = close * 0.995
// Create the stop loss order
strategy.exit("Stop Loss", "Buy", stop=sl_price)
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