BITSTAMP:BTCUSD   Bitcoin / Dollar
Profitable strategy for trading bitcoin             on the 4hr char, I published an idea last week showing a strategy on the 12hr chart.

Top chart
4hr Time Frame
Weis wave volume by LazyBear (4)
Heikin Ashi candles

Bottom Chart
4hr Time Frame
Weis wave volume (Not necessary to use, just shows the comparison/ difference between Heikin Ashi bars and normal candles)

The idea is, that when the WWV indicator turns from red to green you buy, and green to red you sell. You need to read this from the top chart, due to the smoothing of the heikin Ashi candles it allows for smoother waves and essentially better signals. The bottom chart is the real price of bitcoin             with the candles showing the high,low,close,open something heikin ashi doesnt do due to its nature. do not take signals from the WWV on the bottom chart!


5th - 30th December, You'd have profited 12077.96 pips with a buy and hold strategy only producing a couple of thousand pips.
Green Box - Profitable buy
Red Box - Profitable sell
Yellow box - Losing trade

Downside to this strategy is you will need to be available to make trades every 4 hours which for obvious reasons may prove difficult.


Hey. That's nice
free or price? would love to try
@vjtk007, Its free to use. Details of how to get the charts are in the explanation. Has been working very well recently so would recommend giving it a try
vjtk007 PRO wjsharples1
@wjsharples1, ah I see now, silly me
How do you get those colored boxes?
can you post how to get the charts you have above? Thanks
Hi, thanks for the strategy!, will try it on a 1hr timeframe. Any useful indicator you would add here?
@Ace2k3, I'd avoid the 1hr timeframe. It pretty unrealistic that you'll be available to trade every hour of every day. Plus with the spread and the increase number of losing trades I don't think youd make any money
I don't see much reason why this doesn't work on a smaller time frame, i.e. 1hr chart with more trades. Am I missing something? I'm a noob.
Zebra2374 Zebra2374
@Zebra2374, Works much better on 4hr than 1hr which often leaves little room for a profit and encourages losses.
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