Need help finding the right swing trading strategy to make my first bot.

[The_honey_bager]

I'm trading since a few weeks and I'm currently trying to find a swing trading strategy that:

1- is simple and well documented. Ideally would only use one or maybe two indicators on Trading View. 

2- can be used in bull and bear trends and even during a consolidation period.

3- could be turned into a 3commas simple bot with a TradingView webhook or SMS email signals.

I will most likely backtest and manually live test it first if I can find one that I like. Ultimately, I would like to code my own Python bot for it.

Any swing trading strategy suggestions for me?

Thanks guys! 

[jackg]

Have you got much in mind? This kinda seems like you trying to get this community to do your work for you so you can reap the rewards?

I don't know if much has been done on trying to incorporate technical analysis patterns into a bit but you could take a look at it - a lot of them just use the price and an indicator like the rsi.

[GreatArkansas]

I think OP only want some suggestion of the others for the strategy.

Well, I haven't tried to use or create some trading bots but I have some knowledge of manual trading and doing some technical analysis manually.
So if you can use some strategy of it, then you can try those basics first, since this will be your first bot. Try to use Support and Resistance first with some momentum indicator just like stochastic rsi.

[mk4]

Rule of thumb concerning trading or making money in general: don't expect people to just hand it to you on a silver platter for free. You gotta develop your own techniques and methods. If you're not willing to do the work yourself, easy— work for someone else that's willing to do the hard work.

[The_honey_bager]

Rule of thumb concerning trading or making money in general: don't expect people to just hand it to you on a silver platter for free. You gotta develop your own techniques and methods. If you're not willing to do the work yourself, easy— work for someone else that's willing to do the hard work.

I don't know if I was asking too much or I have been misunderstood. All I was asking was some suggestions for a basic swing trading strategy that could possibly be executed by a bot. I don't need someone doing any work or even explain it to me. If someone here knows one, I would appreciate if you could just mention it or point me in the right direction and I would pick it up from there.

I think this could also benefit other people with the same goal reading this forum.
  

[The_honey_bager]

Try to use Support and Resistance first with some momentum indicator just like stochastic rsi.

Following your suggestion, I searched for some stochastic rsi strategies and I found an interesting YouTube channel that are testing different basic strategies on the Forex market. The strategies that I have watched on the channel so far are tested with a risk/reward ratio of 1.3 a 100 times.

The one that is using the stochastic rsi indicator with the 200 EMA achieved pretty good results:

Success rate: 57%
Initial investement: $1000
Profit: 960$

https://www.youtube.com/watch?v=1W6ZsD6-Y1Q

I will do my own tests for sure on a crypto trading pair to make sure the strategy is really a winning one and can be apply on the crypto market.

Thanks again.

[Vispilio]

A good starting point might be to have 2 strategies with opposing approaches, so you are attempting to trade during most market conditions;

eg. if you are using stochastics to devise a revert-to-mean strategy, if you can complement that with a good breakout strategy, your profitability will likely be greater...

Good luck, and this will be an interesting thread to follow if you post your live results.

[Rawan_AM]

Try Grid trade on ProBit Exchange which allows to place multiple buy and sell orders for a trading pair on the order book
Grid Trading is a strategy that will keep you making profits as long as the price swing, The aim of this approach is to maximize the profits while the in-built hedging system ensures that the risks are minimized

[The_honey_bager]

A good starting point might be to have 2 strategies with opposing approaches, so you are attempting to trade during most market conditions;

eg. if you are using stochastics to devise a revert-to-mean strategy, if you can complement that with a good breakout strategy, your profitability will likely be greater...

Good luck, and this will be an interesting thread to follow if you post your live results.

For the short term, my goal is to keep it as simple as possible. As long as the strategy is profitable long term, I would be happy with that. So my next steps will be to backtest and manually live test the stochastics strategy on maybe 2 crypto pairs. If everything is good, I will start coding the bot.

From there, I'm planning to keep making more tests and tweaking the bot for better results. I think too that including a breakout strategy could be a good idea. I will check that out and probably test additional indicators as well to compare the results.

I will keep updating the tread with my progress as long as there is enough interest for it. Thanks!

[pawanjain]

Well I don't know how good this strategy can be but you can try it at your own risk.
You can use the below strategy to develop a bot by using the 200, 50 daily moving average.

When the 50 day MA is above 200 day MA then set your target price and stoploss price to sell the coins.
Similarly when the 50 day MA is below 200 day MA then you can set your target price and stoploss price to buy the coins.

The target and stoploss price should be as per your ability to afford to lose.

[bitgolden]

That is a great idea and an amazing ask, I also want to make sure I have a system where it could make me a billion dollars in cash, not in assets but pure cash, give me the biggest castle in the world, make me the president of the world and also help me with the immortality thing I am working on.

As you might imagine not everything is possible all at the same time, the world is not really all sunshines and rainbows, there is a thing called being realistic and I feel like what you are asking is so out of touch and so unrealistic is that I would think you could ask for a miracle to happen. There is no thing in the world that could simply just "make me money" and go away, it is not as easy as that, and this is just too much to ask from a simple software that you code.

[The_honey_bager]

That is a great idea and an amazing ask, I also want to make sure I have a system where it could make me a billion dollars in cash, not in assets but pure cash, give me the biggest castle in the world, make me the president of the world and also help me with the immortality thing I am working on.

As you might imagine not everything is possible all at the same time, the world is not really all sunshines and rainbows, there is a thing called being realistic and I feel like what you are asking is so out of touch and so unrealistic is that I would think you could ask for a miracle to happen. There is no thing in the world that could simply just "make me money" and go away, it is not as easy as that, and this is just too much to ask from a simple software that you code.

I'm fully aware that trading bots need maintenance and don't just 'make money and go away'. I don't know why you think making a trading bot based on a basic trading strategy is so unrealistic when much more complex trading bots are being use in other markets (stocks, Forex, etc..) since decades. There are even third party platforms that are selling cloud based customizable trading bots since a few years in the crypto space like 3commas.  

[ChrisPop]

Sorry to ruin your dreams, my friend, but if you have been only trading for 3 weeks there are weak chances you're gonna create a profitable bot.
My recommendation for you is to continue trading on demo accounts until you are profitable for a few months. It is better to spend fake money for your "tuition" than your hard-earned money. Although the later will teach you much more in shorter time, but could also ruin you and your trading career.

There are many tools to use when performing technical analysis. You should use ones that you know inside and out. Put emphasis on the psychology behind the indicator.

Hope this helps. GL!

[The_honey_bager]

Sorry to ruin your dreams, my friend, but if you have been only trading for 3 weeks there are weak chances you're gonna create a profitable bot.
My recommendation for you is to continue trading on demo accounts until you are profitable for a few months. It is better to spend fake money for your "tuition" than your hard-earned money. Although the later will teach you much more in shorter time, but could also ruin you and your trading career.

There are many tools to use when performing technical analysis. You should use ones that you know inside and out. Put emphasis on the psychology behind the indicator.

Hope this helps. GL!

Thanks for your concerns.

That's true that my trading experience is limited at this point but I have taken a few courses on trading and money management before that. I have also some experience coding and automate stuff in Python. As I said before, I'm planning to backtest the strategy carefully before manually live testing it with real funds. Making the bot is a personnal challenge. I'm not under any kind of pressure and that's the kind of thing I like to do.   

[el kaka22]

Swing trading bots are not an easy thing to make, it is not easy not because the coding part of it is hard, but the unexpected stuff are well... unexpected so you can't really code for something you do not expect which is really making you get bad results.

I wish it was possible, and it is actually possible to make one and as long as nothing unexpected happens this could work out, but unfortunately crypto is not something you can't predict beforehand and since you can't predict it beforehand you can't code for it neither. Hopefully you will surprise us and find a way to actually make a bot that could profit you and we could all take advantage of it as well, that way we could make some money thanks to your brilliance but I think it is not a great hopeful thing.

[The_honey_bager]

Swing trading bots are not an easy thing to make, it is not easy not because the coding part of it is hard, but the unexpected stuff are well... unexpected so you can't really code for something you do not expect which is really making you get bad results.

I wish it was possible, and it is actually possible to make one and as long as nothing unexpected happens this could work out, but unfortunately crypto is not something you can't predict beforehand and since you can't predict it beforehand you can't code for it neither.

  
Well, afaik someone executing a winning and tested strategy with proper position sizing should be prepare for the unexpected and losing trades on the long run. That's not what money management is all about?

I never say I was more smart than anyone else here but I like everything about this challenge. Even in the event I would fail coding a profitable bot, I'm sure I will enjoy the ride and gain some useful knowledge.

By the way, as I said before, I will update the tread about my progress as long as there is enough interest about it. However, I never said that I will publicly share the code of my bot (if I suceed making one for my strategy).