What are the best trading view backtest strategies for cryptocurrency?
Prabhjot SinghNov 27, 2021 · 3 years ago7 answers
I'm looking for the most effective backtest strategies on TradingView specifically for cryptocurrency trading. Can anyone recommend the best strategies to use for backtesting on TradingView? I'm interested in strategies that have been proven to work well with cryptocurrencies and can help me make more informed trading decisions.
7 answers
- Nov 27, 2021 · 3 years agoOne of the best backtest strategies for cryptocurrency trading on TradingView is the Moving Average Crossover strategy. This strategy involves using two moving averages, one short-term and one long-term, and taking buy or sell signals when the short-term moving average crosses above or below the long-term moving average. It's a simple yet effective strategy that can help identify trends and generate profitable trading signals.
- Nov 27, 2021 · 3 years agoIn my experience, the Ichimoku Cloud strategy is one of the most reliable backtest strategies for cryptocurrency trading on TradingView. The Ichimoku Cloud is a comprehensive indicator that provides information about support and resistance levels, trend direction, and momentum. By using the Ichimoku Cloud, traders can identify potential entry and exit points and make more informed trading decisions.
- Nov 27, 2021 · 3 years agoAt BYDFi, we've found that the Bollinger Bands strategy works well for backtesting cryptocurrency trading on TradingView. Bollinger Bands are volatility indicators that consist of a moving average and two standard deviation lines. Traders can use Bollinger Bands to identify overbought and oversold conditions, as well as potential trend reversals. It's a versatile strategy that can be applied to different timeframes and cryptocurrencies.
- Nov 27, 2021 · 3 years agoWhen it comes to backtesting cryptocurrency trading strategies on TradingView, it's important to consider your own trading style and risk tolerance. What works for one trader may not work for another. Experiment with different strategies and indicators to find what works best for you. Remember to backtest your strategies thoroughly and analyze the results before implementing them in live trading.
- Nov 27, 2021 · 3 years agoAnother popular backtest strategy for cryptocurrency trading on TradingView is the RSI (Relative Strength Index) strategy. The RSI is a momentum oscillator that measures the speed and change of price movements. Traders can use the RSI to identify overbought and oversold conditions, as well as potential trend reversals. It's a widely used strategy that can be effective in cryptocurrency trading.
- Nov 27, 2021 · 3 years agoWhen it comes to backtesting cryptocurrency trading strategies on TradingView, don't forget to consider fundamental analysis as well. While technical indicators can provide valuable insights, understanding the underlying fundamentals of a cryptocurrency can also be crucial. Stay updated with news and developments in the cryptocurrency market to make more informed trading decisions.
- Nov 27, 2021 · 3 years agoIn addition to the mentioned strategies, it's worth exploring other popular backtest strategies for cryptocurrency trading on TradingView, such as the MACD (Moving Average Convergence Divergence) strategy, the Fibonacci retracement strategy, and the breakout strategy. Each strategy has its own strengths and weaknesses, so it's important to test them thoroughly and adapt them to your own trading style.
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