xard777 wrote: Thu Sep 12, 2024 11:32 am
Here's my current strategy:
Buy when EMA 13 crosses above EMA 55 and both are above EMA 200.
Sell when EMA 13 crosses below EMA 55 and both are below EMA 200.
This setup also enhances the effectiveness of the Semafor signals.
I'm always tweaking my setup for simplicity and efficiency. Recently, with XU v14m, I've shifted to using EMAs 13, 55, and 233, embracing the Fibonacci sequence.
Years back, I used Gann line EMAs 13 and 52, which I later modified to match my Semafor settings. It's interesting to see how close my original setup was to what I've come back to.
With the trend towards the M1 timeframe, inspired by Curioso's success, I've added some safety measures:
Buy when EMA 13 crosses above EMA 55 and both are above EMA 233.
Sell when EMA 13 crosses below EMA 55 and both are below EMA 233.
Profit Management: Withdraw at least one-third of your profits weekly or after a 300% gain when trading Bitcoin, to safeguard against market volatility.
This strategy helps accumulate profits for future trading, acting as a buffer against potential losses. In the event of blowing your account due to unforeseen abnormal movement in Bitcoin, you would have the accumulated funds that were withdrawn every 300% or from the weekly timeline that can be used to restart your account with a 10% funding from these profits. At 300% being produce on a weekly basis (never mind daily) it would not take too long to surpass your previous account.
For Semafor signals: Let's use for simplicity... Mini Dot, Big Dot, Arrow Dot & Square Dot.
After a Square Dot, wait for a second Big Dot before entering a trade to confirm the trend direction. However, if there's no Big Dot, look for the price to cross EMA 233 and a second Mini Dot for what I call the FOMO (Fear Of Missing Out) trade as price can go from Square Dot to Arrow Dot without producing a Big Dot along the way.
Lastly, I optimized performance by reducing the chart's bar count from 5,000 to 1,700, which eliminated lag on slower systems.
I am glad that you like the new setup and hope others are liking it too. May you make a boatload of Pip$ my friend.
Xard777