9 trading strategies for newbies + Configurations have made avg. 1% per day

9개월 전

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The best way I have found to implement these strategies and trade safely on an exchange of your choice is with 3Commas. Check out my review post (Here) and my last post - a full set up guide for 3 commas (Here). (More resources at the bottom)

(Try out these strategies using 3commas with a Risk-Free free Trial Today)

Using appropriate strategies in crypto-trading brings more profit than trading without them. Strategies are associated with the trade of specific coins, a particular time, typical situations in the market. This variety often prevents new traders from sorting out the differences and choosing the right one. As a result, beginners tend to follow at first quite understandable. This method rarely gives a positive result. Let's consider what is a strategy and how it works.

Let's start with the benefits:

Understanding the sequence of trade. Strategy helps to work with a huge amount of data. Chaotic actions are hardly able to take into account these data.
Save time. Strategies involve trading only under certain circumstances.
Reducing the risk of erroneous decisions taken on emotions. Strategies help to respond less emotionally to market movements. This saves power and increases trade efficiency by reducing errors.

Sometimes the bad things that happen in our lives put us directly on the path to the best things that will ever happen to us..png

The strategy is a way of working with data.

The more the data taken into account the actions, the higher their effectiveness. Actions that take into account all the mathematical data will be the most effective.

All data cannot be taken into account: there are too many of them, some of them are connected with each other by too complex mathematical relationships.

The strategy uses only a small portion of this data. It is important that the mathematical relationship between them is more or less clear to the trader.

It would seem that the more data a trader understands, the more strategies he can draw up and the more effective they will be. But practice shows that there is no need to know all the strategies of the world. For successful trading on a crypto market, it is sufficient to competently apply 3-5. “Literacy” equals “a confident understanding of under what conditions, concerning which coin it is better to apply this or that strategy and why.”

To trade some coins, you can get by with 1-2 strategies. After numerous experiments, some experienced traders choose one, study it thoroughly and work only with it.

It works for them because a thorough understanding of the strategy significantly reduces the number of errors and their consequences - losses. Most transactions are profitable.

Trading, it is also a trading strategy - a set of rules and conditions that describe the actions of a trader under certain circumstances in the market.

For example:

Entry points to the market.
Point of exit from the market.
Approximate time intervals between entry and exit points.
Approximate time intervals between two consecutive entry points.
The percentage of capital depending on the conditions under which the position is opened
In drawing up a strategy, it is important to take into account the type of currencies. In the market of popular and volatile coins, the trading frequency can be higher than when trading in little-known and slow-growing tokens. Deals with them may be less frequent since it is more difficult to wait for them to jump or fall.

The strategy is based on a pattern that distinguishes one coin from another.

One token grows at a particular time of the day, and another in response to a certain market situation increases volatility. And so on.

#To form a trading strategy, you need:

-Analyze the market behavior of specific currencies
-Select the most important patterns and take them as a basis,
-Supplement with parameters that allow the maximum use of patterns.
-Determine the rules and procedures for the occurrence of the desired market situation
-The task is to extract maximum benefits from the features of the market behavior of the coin. It depends on how accurately the trader has determined the patterns and how correctly he has chosen the tactics of reacting to them.

When developing a strategy, you will have to use some methods of technical and fundamental analysis, as well as understand how other market participants behave in a given situation.

The market behavior of each coin as a whole is patterned, unique in its details. Therefore, there are general and individual strategies.

General strategies are based on a course motion pattern. Narrow strategies are based on the unique features of the movement of a particular coin.

Any token is based on a template, so common strategies work as a basis for narrow ones.

The list of template strategies, by which most individual crypto-strategies are based, is finite.

Common trading strategies in the cryptocurrency market

Conventionally, they are classified according to two parameters:

trading time
market situations in their basis.

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Time-Based Strategies:

Day Trading

The trader opens and closes positions during the trading day or day before leaving. He does not leave any open position.

It is distributed on the crypto-market among those who do not know what automated trading by a bot is, since, for an uncontrolled period, the price can go in any direction at any speed. Closing positions for a time interval in which it is impossible to control the price reduce the risks.

Position trading

The actions of the trader depend on certain circumstances and no matter how often they occur. For example, a trader decides to trade only at the time of the trend reversal. Then he waits for a reversal and makes a deal as often as it happens: once an hour, once a day, or once every few days.

The advantage of the strategy is that it is important to respond to a specific change in the market. A trader works with a small number of tools, relatively easily tracks the right circumstances and makes fewer mistakes than traders who try to follow everything at once.

Swing trading

Here it is important to trade within the cycle. A cycle is a situation that develops in a certain period of time. This could be an asset rise, recession, flat, temporary increase in volatility, and so on.

A cycle rarely lasts less than ten hours - usually several days.

How it works:

  • trace the beginning of the cycle,

  • correctly determine its specificity,

  • respond in accordance with it,

  • wait until the end of the cycle,

  • make another deal and fix income.

If the specifics of the cycle are determined correctly, then one can fairly accurately predict the development of the situation and the end time of the cycle. The trader does not work for short segments within the cycle - he waits for his end and fixes the predicted income.

Scalping

High-frequency trading, which involves making a profit at every rate fluctuation, including the minimum. Transactions are concluded several times per hour, sometimes - several dozen times per hour.

When scalping, the trader analyzes the deals in the order book, and if he sees a clear excess of the volume of purchases over sales, he opens the deal in the hope of a rapid increase in value.

The advantage of the strategy is that, as a rule, it is not necessary to wait long for the market situation to analyze the market in detail and in depth.

When scalping, each transaction usually lasts no more than a few minutes.

In practice, traders rarely scalp themselves. This is due to the high complexity: the combination of high speed and the need to analyze a large amount of data, mostly scalping trading robots who make decisions about opening trades based on programmed algorithms.

Sometimes the bad things that happen in our lives put us directly on the path to the best things that will ever happen to us. (3).png

Market-Based Strategies:

Rollback trading

or how to use the periods of correction within the trend.
You can always see a moment when the market price of a crypto active starts to seem overpriced (on an uptrend) or undervalued (on a downtrend). Then there is a slight correction - and the trend continues.

The strategy is to crank up the deal when the asset reaches its maximum as part of the correction. On an uptrend, buy when, as part of a correction, it will decrease to the maximum. On the downtrend - to sell when it rises as much as possible. Profit is obtained as a result of the second transaction, after the resumption of the trend.

To enter, the transaction is usually used as a small percentage of the deposit. As a rule, this figure ranges from 0.5 to 2%.

On the crypto market, this strategy brings significant profits due to strong volatility, and due to which correction and continuation of the trend play a special role.

Trading on the rebound.

This strategy often helps to buy an asset at the lowest possible price.
When the price falls, the trader predicts a mark from which with high probability the price will push off and go up. At this point, he buys coins and sells when the price rises above the average.

The point of rebound is often either an important mark psychologically for a trader or a figure predicted by methods of technical analysis.

Impulse trading

Impulse - confident course moves up or down, with almost no corrections.
When a trader sees signs of an impulse, he trades along with a trend: he buys a cryptocurrency when he sees the beginning of a “pulsed” uptrend, sells - when he sees the beginning of a pulse fall.

To make a deal, it is not necessary to wait for a minimum or maximum: the strength of impulse trends brings a good profit when the price approaches extremes.

This strategy is also considered highly profitable. Since the crypto rok is volatile, impulse trends are quite common, and it is relatively easy to track them.

Breakthrough Trading

The task is to open positions at the very beginning of the trends on the breakout mark, after which a reversal will follow.

For example, a trader correctly predicted the price level, after breaking through which the downward trend will unfold and go up. Then he will buy coins at the lowest price at the very beginning of the uptrend.
It works in the opposite direction, on uptrends.

The strategy determines the most profitable entry points to the market and brings profit without action within the trend.

This is only a small part of the strategies. It is believed that, if properly executed, these strategies bring profit on any cryptocurrency pairs, regardless of economic and political factors.

They are used on the crypto-market more often than others since they are most convenient for trading volatile and hard-to-predict assets - most cryptocurrencies :).

Sometimes the bad things that happen in our lives put us directly on the path to the best things that will ever happen to us. (8).png

Buy & Hold: what's important to know

“Buy and hold” is a classic long-term strategy when a position is opened for a period from a month to a year.

In this case, the fundamental factors are analyzed first.

In the long run, the growth potential of cryptocurrency depends on the demand among investors and users, so information about technical capabilities, a roadmap, a project team can help in predicting how the course behaves.

At the same time, it is important to remember that a sharp growth of the coin by hundreds of percent will inevitably lead to the fact that investors start recording profits, which is why the rate will turn down. The most striking example of such a situation is the sharp rise in Sia's cryptocurrency in mid-2017. The red color on the chart indicates unsuccessful entry points, green - good opportunities to buy.

tw_sia.jpg

Sia growth chart in the middle of 2017

The main risk when working with this strategy is a sharp collapse or a long fall in the value of the asset.

When investing “long,” it is important to be prepared for an unfortunate coincidence of circumstances where the value of an asset can fall several times.

For long-term storage of funds, it is better not to use cryptocurrency exchanges: the story knows a non-zero number of burglaries and other fraudulent actions with the withdrawal of money. For long-term storage of cryptocurrencies, only “cold” wallets that are installed on the user's computer are suitable.

The Buy & Hold strategy is rarely used for a single asset. Typically, traders make up a full-fledged investment portfolio.

Advantages of the Buy & Hold strategy:

the most relaxed trading style
does not require permanent storage of currency on the exchange
brings a high income in the long run

Minuses:

-high risk
-lack of stable income
-Using of Smart Trade and Bots in 3 commas reduces these risks: the algorithms will sell coins at StopLoss, which will follow the price, sell with split targets, and will not fail on squeeze or on another short-term rate jump - in general, there are many ways to maximize profit. You can learn more in the blog, and try it here.

Sometimes the bad things that happen in our lives put us directly on the path to the best things that will ever happen to us. (9).png

Which strategy is better to choose?

Behavior beginners crypto trading characterized by two extremes.

Above, we wrote that in the market for some cryptocurrencies, you can get by with 1-2 strategies - and this is often done by professional traders.

And the first category of newcomers, too, often begins with the extended use of one strategy, though for other reasons. In their case, this is less justified, since other strategies may suit the novice trader not less, but even more. Because of this, newcomers are usually advised to alternately try different strategies.

The other extreme is to try to use all strategies at the same time, especially when working with a single cryptocurrency. This is also a mistake, as it hinders the detailed study of each strategy, knocks the trader down and creates chaos in his picture of the market.

The fact is that it’s not the strategies that work by themselves - the adequacy of the trader’s logic works.

How adequately you understand the market and the specific coin - your strategy will be as effective as a consequence.

The strategy is a matter of technology, the execution of which is better to delegate to technology. Someone was afraid - and he came too late, someone started fussing - early. Someone lost their nerves - closed the order in the minus just before the turn on growth, someone persists, unable to admit his mistake - and multiplies the loss. Someone sits and monitors the schedule for hours, and someone - looks at the stock exchange a couple of times a day.

The algorithm doesn't have such problems.

These tools are already used by more than 60 thousand traders from 13 countries of the world and earned them a total of $ 2 million, which is an average of + 15% monthly.

In the comments, I'll post a few configurations I've used to gain 1%+ per day (Feel free to use this as a baseline, but please take the time to understand what you are doing- That's the secret to truly grow your wealth!:))

Please join our chat where you can ask for advice or share your experience with fellow traders at any time- Link below

(Try out these strategies using 3commas with Risk-Free free Trial today)

Wishing everyone a happy and prosperous 2019, Keep Collecting Crypto!


(Try out these strategies using 3commas with Risk-Free free Trial today)

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As promised a few of my best general bot configurations (I recommend using them as a starting point and edit based on your trading strategy and market conditions.)

Bot Setups

1) The "Standard" Bot, Long=Short, SO=BO (no Martingale)

Base Pairs: BTC and/or ETH - (should work for USDT and BNB too, but data is rare)

TP: 1.25% (between 1-1.5%), the percentage from total volume, base or quote is your choice

max safety trades count: 5-7

max active safety trades count: 1

BO=SO (no martingale)

Price deviation: 1% (5-7% drop covered)

safety order volume & step scale: 1

signal: TW strong buy composite (old: 15min)

24h volume: >100BTC

(notional) SL: 9-10%
-> changed the SL approach a bit lately:

Instead, I manually add more safety trades for deals that are more than 10% down under -> the Bot buys them at the actual lower price (so safety no. 6 not at -6%, but the actual -10% -> makes the DCA even more efficient)

active pairs: as much as your funds allow (for me: 80 --> roughly 2/3 of possible pairs)

calculating needed funds: BO size x 6 (max SO 5 + BO) x active trades per active trade (e.g. 20 active trades, BO=0.001 BTC this adds up to 0.12 BTC

-> the Bot assistant does this work for you

2) The "Martingale" Bot, SO>BO

Setup: same as above, except:

SO = 1.25x - 2x BO

safety order volume scale 1.25x - 2x BO

-> Higher Martingale approaches (like SO = 5-15x BO) are in my eyes for special (simple Bot) trades only

safety order step scale 1 (5-7% drop covered)

3) The "QFL" Bot

Base Pairs: All

TP: 1.6%, percentage from total volume (should be minimum, I will start A/B/C Bots with higher TP soon, for now the data is thin)

max safety trades count: 5-7

max active safety trades count: 1

-> For other settings see Bot 1+2

signal: QFL

24h volume: >100BTC

--> As QFL specifically looks for broken bases and the return to them, I will run the below Test Bots shortly.

3x BO=S0

a) TP 1.6%

b) TP 2.5%

c) TP 4.8%

3x Martingale (SO=1,5BO, Safety order volume scale 1.2)
d-f) same TP's as above

How much funds do I need to run these Bots and when does my subscription pay off?

My approach use composite Bots and all data is without any commission fee's, as I have a "Pro" plan, which cost me 100 USD/month.

Just to give you an impression what kind of gains I aim for, and at which point my commission is paid the following stats for compounded profit.
(BTW, I aim for 0.3% daily!! profit, more is a bonbon...)

0.3% daily profit --> 198% yearly profit
0.5% daily profit --> 517% yearly profit

1.0% daily profit --> 3778% yearly profit

--> I know, we talk about crypto, where everyone makes a lambo per month, but seriously to triple my money in a year....

And when does your subscription pay off?

Start with 1000 USD and 0.3% daily profit --> 94 USD profit (so the Pro plan may not be the right one for you)
Start with 4000 USD and 0.3% daily profit --> 376 USD profit (yeah, we start talking here)

Start with 8000 USD and 0.3% daily profit --> 752 USD profit (what do you waiting for?)

With a signal group or your own TA you reach a 1% daily profit -> Well, you don't even need 1000 USD to be profitable with Pro plan!

Remember that these gains describe just the first month, compounded every following month.
For now, I can't give an estimation for profit's, as I basically still search "the best" settings every new day, with every new piece of data. And the last couple of weeks haven't been (long) Bot friendly at all.
It will probably take a couple of months to determine an average for an optimized 24/7 running Bot with the above setup.

Great news you can back test strategies now before using live funds!

Why these settings?

My approach to using this Bot is as a scalping Bot, to deliver you a lot of little (percentage) profits in quick succession. As I stated before I don't chase good performing single coins, instead I try to play the whole bunch.

To understand what I did, you have to understand how I determine the performance of a bot. If you have a Bot with 1 active pair and a TP of 1% and this Bot had 1 successful trade in 24 hours, it gained 1%, right? Not in my understanding!

The Bot uses a selectable number of safety trades to average down the price (-> DCA (see in Definitions)). But by using these you need more funds for any given active trade to a max of BO+all SO. A 10 USDT BO trade with a max number of safety trades of 10 would in worst case use 110 USDT of your funds. With 110 USDT blocked your accomplished 1% of BO TP (0.10 USDT) decrease to a 0.09% net gain.

That's why I

a) measure the success of every bot in use by taking all used/blocked funds into the account.

b) tried to find the best number of max safety trades and the average!!! number of used safety trades in successful trades to reduce my allocated funds per active trade.

But that's also why I state the number of active trades to "as much as possible", as my approach doesn't work on single or little number trades, I need the big number of trades to undulate close around the calculated average, which I saw in my >40k trades so far as well as in my global data analysis. This is a thin line because by reducing the calculated needed funds below the above-explained theoretical maximum may let you run out of funds.

By now you can understand the two main goals I had, optimizing these bots:

a) Have no "unused" funds in your account, which do nothing and therefore give you no ROI.

b) Avoid having too many active trades, resulting in running out of funds, leaving the Bot unable to place SO trades or new trades at all.

Let me know your thoughts and your trading strategies!

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woooow!! Muy buena informacion... LAS PONDRÉ EN PRACTICA!!!

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Lots of really helpful info...Gonna try it for sure...

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Muy útil. Excelente :)

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i must these strategies are really great

Great post! I'm trying out the QFL setup for the bot. Love Slaying bear markets with profits!!

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That's it!! QFL is one of my favorites. Let me know if you have any questions

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Thank you!! That's my goal, to make great content and help people improve their investment strategy! Reduce losses, and Increase profits, while using inteligent risk management!

thanks for the tips and strategies, it can help some in achieving success with trading in crypto or on stock market

So much info in this post @the.success.club this will be useful to every trader, whether a newbie or expert. Good work mate

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Thanks, I reallyapreciate that! BTW just checked out your page, seriously great content, had to hit that follow button!

very useful article, resteemed.

Great article! Thanks for sharing this and speaking of crypto trading, I guess you heard about cryptopia being hacked and regarding that Michael Gan has a tweet about it.

https://twitter.com/gan_chun/status/1085784119861116928

I think i am more informed now,thanks

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Awesome! If you have questions let me know! :)
Good investing!

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Your posts is really great:) keep it up @the.success.club

This post is very helpful for every one.Thanks for share for us.

Я рад теперь можно писать по Русский)))еее главный нагибатор Россий уже тут.Ставим лакий,рассказываем про себя,кто откуда??? Кстати всем привет!!

Hey, I'm a dog!

Well done, mate: I think you created a kind of bibble for successful traders!
Probably, even a dog like me could reach success, isn't it?

100% upvoted! ;)

🐶 HARF HARF! 🐾

So much great info! I have been wanting to look into 3commas but haven't yet. Going to upvote and resteem to my page so I can really read it later and also to share with my followers!

“Buy and hold” is a classic long-term strategy when a position is opened for a period from a month to a year.

Well the information will be testing, to see how it works thanks.

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@the.success.club it is Really great post it is really Help full for me
Thanks For Sharing Great Info with US

Thanks you

Great - but I would like to remind everyone - that not everyone can trade and there is a risk.

Thanks for this great info, now i am well informed about them.

https://bit.ly/2RzrrnR

Find & order food for delivery or p

thanks for the tips and strategies, it can help some in achieving success with trading in crypto or on stock market

Nice breakdown of lot of information...

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Great article!!!
Will try your config these days:)

Thanks y

Nice Setting Tq

Excellent post!! Resteem is a must.

I also have bot trading by telegram, that must conect first with API trade from exchanger, contact me if you want it

Thanks bro

Omg!!! Love it!!! Thank you!!!!

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Congratulations @the.success.club!
Your post was mentioned in the Steem Hit Parade in the following category:

  • Pending payout - Ranked 2 with $ 133,76

Excellent strategies for beginners who want to learn more about the trandig and the cryptocurrencies and very good advice when it comes to keeping assets short and long term.

very nice post

Calling @originalworks :)
img credz: pixabay.com
Nice, you got an awesome upgoat, thanks to @the.success.club
BuildTeam wishes everyone a bullish new Year!
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