Bitcoin – Analysis of 08-17-2021The Algotrading Multiday system is: long since the close of 7/25/2021
position performance: 31.37%
YTD performance: 251.77%
1 year performance: 560.19%
At the end of the day: maintain position
Number of transactions closed the last year 23
Average profit / loss per trade last year 24.36%
Percentage of profitable trades last year 52.17%
Percentage of unprofitable trades last year 47.83%
Graphic Analysis
Yesterday, the prices tested the resistance at $ 47,500, therefore there is no sign of a slowdown in the uptrend.
Support levels:
1 ° 45900
2 ° 43600
Resistance levels:
1 ° 47500
2 ° 51600
Information provided is only educational and should not be used to take action in the market!
MarkRoboTS_Algo_Trading is new for the English trading ideas section, but it has been active for 4 years in the Italian section.
Check it out there if you are interested in the historical data.
Algotrading
Algo - this coin is going to sky rocket 👀🚨The ALGO chart shows a very interesting picture. A couple of days ago the price made a false breakout at $0.936 and then corrected by 11%. And now Algo is back to 0.936.
This time the price might break this level and reach the area noted above. In addition, there is price squeezing and rising lows, which is a good signal for continued upside.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Algorithmic Trading and it's Pros and ConsAlgorithmic Trading is the activity of bots to perform buy and sell actions on an exchange. These bots are scripts created by traders to eliminate manual trading.
It's all rule-based trading. A trader codes the indicators, moving averages, and various other conditions for the buy's and sell's to happen. Stop losses and take profits are coded and so are dynamic buys and sell conditions which makes algorithmic trading even more versatile.
Pros
Speedy executions make it easy to capture quick price movements as soon as they occur.
There is no risk of any human error during trading.
Execution of large volumes of trade in a short period of time.
Ability to backtest historical data to train the algorithm accordingly.
Investment can be diversified using multiple trading scripts.
Cons
Technology Dependency which means if the algorithmic trading platform is not reliable, there could be a possible loss of capital in the event of disruptions.
Need to know how to code or understand the concepts of trading, indicators, etc.
Need of high-end resources to create, backtest and run trading scripts.
How many of us make use of Algorithms to trade and what are your favourite trading strategies? Share in the comment box below
For more Educational content follow us.
Happy Trading
Is ConAgra ready to break the funk and move up?This is the rarest trading signal I have had yet. Seven algorithms signaled a buy at the same time which I have never experienced before. Is this good or bad? We shall see.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 6, 2021 with a closing price of 32.62.
If this instance is successful, that means the stock should rise to at least 32.93 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.416% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 4.02% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 6.188% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.75% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 12 trading bars; half occur within 27 trading bars, and one-quarter require at least 37 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
GBPJPY long valid ☝️ 👍Entry details are shown on the chart.
Working the H1 time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
Part of previous trade can be seen on the chart which was a successful short.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
Algo possible bull flag and descending triangle breakout?In this analysis we will be going over algorand flag pattern that could potentially be breaking ALGO out of the larger descending triangle .
Algo has recently triple bottomed, is currently forming a bull flag and is looking to jump out of a descending triangle . If the top of the bull flag resistance line is popped the price action will head upward the same length of the bull flags pole. This would break the price action out above the macro pattern of the descending wedge pattern we have been in for 2.5 months.
Currently the price action is bouncing off of the .5 fib line after the retrace from the recent high (the resistance line of the descending triangle ) that helped formed the macro descending triangle formation Algo is currently in.
This one looks ready to move as long as Bitcoin plays nicely.
Have a green and prosperous week!
MATICUSDT 2H: Possible SHORTMATICUSDT 2H: Possible SHORT
H2 - rebound from resistance 1.0544 and descent to support level 0.7330
Bitcoin - Analysis of 7/28/2021
The Algotrading Multiday system is long since July 26, 2021 from 37276.6
position performance: 6.70%
YTD performance: 64.82%
1 year performance: 76.52%
At the end of the day: keep
Graphic Analysis
Exceeding the 200 EMA gave a shock to the prices.
The prices have broken through the resistance at $ 40300, possible to extend towards $ 42000
Supports:
1st 40300
2nd EMA 200
Resistors:
1st 42000
I recommend observing, discussing, Like if you like, but as always, always use your head for operations !!
Gold - Analysis of 7/28/2021The Algotrading Multiday system is: short from July 16, 2021 from $ 1815
position performance: 1.11%
YTD performance: 10.04%
1 year performance: 12.13%
At the end of the day: maintain position
Number of transactions closed in the last year : 24
Average profit / loss per trade last year: 0.51%
Trade in gain percentage last year: 58.33%
Trade in loss percentage last year: 41.67%
Graphic Analysis
Sentiment remains bearish today as well.
I maintain the same objectives: first tp 1790 and second tp 1775
Supports:
$ 1790
$ 1750
Resistors:
$ 1802
EMA 200 ($ 1808)
I recommend observing, discussing, Like if you like, but as always, always use your head for operations !!
GBPUSD long in progress ⬆️💪Entry details are shown on the chart.
We are working the 30M time frame on this strategy.
We're only looking for the green line which is take profit target.
Trade label has entry details and purple line is stop loss.
Trade history can be seen below this trade idea too for full transparency.
Previous trade which was also a long can be seen on chart.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
EUR AUD LONG IDEA• Long when price is above the 200 EMA in H4 and above 8,16,24 EMA in D1
• Wavetrend – Long at gold cross below zero line (green dot)
STOP LOSS & TAKE PROFIT; EARLY EXIT
• Stop Loss – Use Trailing Stop Loss Multiple of ATR; Account risk per trade – 0.25 to 0.5%
• TP1 – RR 1:1.5 / TP2 – move SL to break even then trail profit
Indicators: Wavetrend Cross by Lazy Bear, H4 (200 EMA and 8 EMA), D1 (8,16,24 EMA), Trailing Stop Loss Multiple of ATR (period 14, ATR 1.5) (All Default settings)
*** This strategy also works well with Stock Indices (NASDAQ, SP500, US30, EU50, FR40, GER30, JPN225, and AU200.
AUD USD SHORT trade idea• Short when price is below the 200 EMA in H4 and below 8,16,24 EMA in D1
• TP1 – RR 1:1.5 / TP2 – move SL to break even then trail profit
Indicators: Wavetrend Cross by Lazy Bear, H4 (200 EMA and 8 EMA), D1 (8,16,24 EMA), Trailing Stop Loss Multiple of ATR (period 14, ATR 1.5) (All Default settings)
*** This strategy also works well with Stock Indices (NASDAQ, SP500, US30, EU50, FR40, GER30, JPN225, and AU200.