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Title: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: xephyr on November 07, 2013, 06:42:51 PM The Stochastic RSI oscillator has been giving low risk entry signals for trading bitcoin with high success rate - Trading Bitcoin using Stochastic RSI (https://axablends.com/merchants-accepting-bitcoin/trading-bitcoin-for-profit/low-risk-bitcoin-trading-using-stochastic-rsi/)
Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: pera on November 07, 2013, 06:49:31 PM looks promising.. but you know what's better? buy and never sell :)
Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: xephyr on November 08, 2013, 02:00:07 AM looks promising.. but you know what's better? buy and never sell :) *lol* true, in a bitcoin bull market it is hard not to make money if you have patience ... the StochRSI has been very good to me for entering and exiting trades. The discipline of following an oscillator helps take emotion out of trades. So does a stop loss:) Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: theonewhowaskazu on November 08, 2013, 03:55:10 AM looks promising.. but you know what's better? buy and never sell :) I'm actually fairly sure that the stoch RSI indicator would outperform buy and hold. Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: goxed on November 08, 2013, 01:27:43 PM Here are my indicators.
http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=360&i=Weekly&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=SMA&m1=7&a2=EMA&m2=14&x=1&i1=UO&i2=MACD&i3=RSI&i4=CCI&v=1&cv=0&ps=0&l=1&p=0& Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: theonewhowaskazu on November 08, 2013, 03:53:53 PM Here are my indicators. http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=360&i=Weekly&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=SMA&m1=7&a2=EMA&m2=14&x=1&i1=UO&i2=MACD&i3=RSI&i4=CCI&v=1&cv=0&ps=0&l=1&p=0& Um, ok.... and how exactly are you using them? Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: harounkola on November 10, 2013, 01:15:47 PM Ooh.
Thanks for this. I'm leverage trading BTC on BitFinex and simply create buy and sell orders. My BTC amount stays constant, I just add more USD with each successful trade. This will help me trade better. Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: Tzupy on November 10, 2013, 01:28:36 PM Bitcoincharts has been down for over an hour. Someone else able to access it?
PS. It's working again, what a relief! :) Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: velacreations on November 11, 2013, 03:51:35 PM what time scale are you using for this? 1 day?
do you have a historical profit for 1 year? Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: theonewhowaskazu on November 11, 2013, 03:55:02 PM what time scale are you using for this? 1 day? do you have a historical profit for 1 year? Just look at the chart for 1 year, at least for picking entry points, its fucking foolproof. For exit points, there's probably better options though. Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: CMMPro on November 11, 2013, 04:10:46 PM Personally I love MACD for entry and exits....and AVG True range to determine the strength of what is happening.
Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: velacreations on November 11, 2013, 04:30:50 PM what time scale are you using for this? 1 day? do you have a historical profit for 1 year? Just look at the chart for 1 year, at least for picking entry points, its fucking foolproof. For exit points, there's probably better options though. what would you suggest for exit points? Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: theonewhowaskazu on November 11, 2013, 04:46:59 PM what time scale are you using for this? 1 day? do you have a historical profit for 1 year? Just look at the chart for 1 year, at least for picking entry points, its fucking foolproof. For exit points, there's probably better options though. what would you suggest for exit points? Sorry, daily, for 1 year. Not sure about exit points, still working on that. It seems to give way too many indicators to exit; it might be a good filter though. You're definately not going to want to sell unless its moving down out of oversold, its just that it indicates to sell too often. Title: Re: Using Stochastic RSI for Low Risk Bitcoin Trading Post by: velacreations on November 11, 2013, 04:58:38 PM Sorry, daily, for 1 year. Not sure about exit points, still working on that. It seems to give way too many indicators to exit; it might be a good filter though. You're definately not going to want to sell unless its moving down out of oversold, its just that it indicates to sell too often. I've been looking at it at shorter times, like 12h, 6hr, 4, 2, and it does reasonably well at those lower time periods, if you are trading at that high of a frequency. For a general daily trend, I guess it does well enough. How could we program this as an algorithm into cryptotrades.org to get email notices and compare backtesting for different time periods? That might prove to be insightful. |
