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Learn how to use the most accurate ChatGPT Trading Bot for scalping with this comprehensive tutorial

Simple Trading Strategy with Over 80% Win Ratio

This Simple Trading Strategy Has a Win Ratio of Over 80%

How to Make 35% Profit in Five Days

Automate Your Trading with this Step-by-Step Tutorial

It might sound crazy, but this simple trading strategy can earn you up to 200% ROI per month with an over 80% win ratio. In just five days, you could have made a 35% profit using this strategy. The best part is, you can fully automate it into a bot that does all the work for you. Say goodbye to hours of staring at the screen and waiting for a trading opportunity.

In this step-by-step tutorial, I’ll show you how to automate this strategy and potentially increase your profits. So, be sure to watch until the end to learn how to do it.

So, what indicators is this strategy based on? The first tool is called the Edgeway Extreme Points Buy/Sell by Spuddo. The second indicator is the EMA with a length set to 100. This strategy is probably the simplest on the channel, with no stop loss or take profit target.

The algorithm buys when two conditions are present: the Extreme Points Buy/Sell indicator gives a buy alert, and the price is below the EMA. For long trades, the position runs until a sell signal is given. For sell trades, the rules are exactly opposite.

Now, let’s combine these two indicators into one script. This can be very useful for those without coding knowledge. By using Pine Editor in TradingView, you can easily create the script for this strategy.

Before we move on to the backtesting results, let’s modify the strategy’s inputs. You can change the entry signal source, modify indicator lengths and levels, and set account size and order type. Once you’re done with the settings, you can run the backtest to see the results.

For example, on ETH/USDT chart with 15-minute timeframe, the winning ratio is 71% with a net profit of 87. The maximum drawdown is 29. These are pretty good results for such a simple strategy.

Now, let’s take a look at the 5-minute chart, where the win ratio is much higher. The strategy shows consistent results over time. With a volume filter added, you can eliminate even more losing trades.

One downside of this strategy is the drawdown due to not using a stop loss. However, by implementing an exit indicator like the Super Trend, you can reduce the drawdown significantly and keep your losses small.

This trading algorithm works well for scalping on various timeframes and instruments, including cryptocurrencies, Forex pairs, and stocks. The backtest results are promising, so it’s worth checking this algorithm on different assets.

Now, let’s automate this strategy into a trading bot. The process is simple: add the Extreme Points Buy/Sell strategy to your favorites, configure the settings on TradingView, register a free Pionex account, set up a signal bot, create alerts, and automate the signal.

I recommend testing the bot on a paper account first before using it on a real account. Pionex offers deposit bonuses and a great trading platform for automating your strategies. Give it a try and see the results for yourself.

If you found this article helpful, leave a like and subscribe for more trading tips and tutorials. Thank you for watching!

Leah Sirama
Leah Sirama
Leah Sirama, a lifelong enthusiast of Artificial Intelligence, has been exploring technology and the digital realm since childhood. Known for his creative thinking, he's dedicated to improving AI experiences for all, making him a respected figure in the field. His passion, curiosity, and creativity drive advancements in the AI world.


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