https://i.bybit.com/ab2EqYul
ok guys .. I've been tweaking my trades on tradingview and finally I'm pretty much set on a strategy which seems consistently profitable.
Here is ETHUSDT pair which has been running for around a week.
The strategy is a DCA ( Dollar Cost Average ) Strategy that depends on the cross down and over set RSI levels before entering a trade or DCA.
DCA levels are controlled and does not go wild and crazy before buying and selling.
SO !!!!! .... If you've got a Bybit account and want to copy my trade signals ... ( min for this strat I've placed is around $250 ) ... technically it should be more then enough.
Lets see if we can make around 3-8% daily ya !! Click on the link to copy my trades.
https://i.bybit.com/ab2EqYul
Posted Using InLeo Alpha
Dollar cost averaging is very important for all these markets. So you have adopted a nice strategy and good luck to you. Although I have an account with Bybit but haven't deposited crypto there yet.
Copy trading can be dangerous for people who trail as well I heard if SL / TP settings are not done correctly, 🤔 yes?
It’s high risk however each individual who copies is able to set their SL . Really up to them. I did not set it because I’m still bz coding that part 😂😂😂
Yikes!
Please make sure there are fail-safe and force invoke SL if there's a "slip" or "delay"
A coder (also an ambitious trader + fund manager) who had a team working together was doing this, thought they switched off their bot during the last US debt ceiling debate, around after 4h July, the bot "was switched on" and the SL was "switched off" resulting MC. Those who didn’t do copy trade but rather parked their funds with this account all got their investment and savings rekt (some took out the capital early enough) and this group of people also saw their "backup fund" for failsafe was drained as well.
All because the password to the bot was opened to the entire team.....
on bybit ... you can set the SL and does not need to be coded. Besides its a DCA strat and there is the big question would be .. to DCA or too SL. Not being ambitious, just sharing my trade strat which uses really small amounts (min notional size) to trade. Max trade count is 10 .. so that's my mitigation.