New signal entering the lab: the "Parrot Poison" signal
Added 2021-02-14 22:39:15 +0000 UTCI woke up today. I was dreaming about an idea for a signal. It happens to everyone!
My wife wasn't very interested into chatting about this during Valentine's so I made a quick note in Google Keep.
A few hours ago I started coding the idea, and it looks great on paper.
Here's the idea
We love TP crawler, the indicator that is used by Petro.
It catches very frequent dips that are very easy to exit quickly at 5% more than 99.99% of the time. Set and forget while still with big upside.
I want to have a counterpart to TP crawler that spots accurately deeper drops in price. As you would expect this would produce less frequent signals and possibly more easy to exit. But that's not what I actually have in mind to exploit this new indicator.
I want to increase the 5% to potentially 7% and use a larger trailing profit percentage with the hope of catching huge pumps reverting from those lower prices.
By using the correct DCA settings this bot might be able to exit at way higher profits per deal compared to Petro. I'm testing it with 5%, I know that is quite conservative. I'll keep stretching the expectation higher for a week or two. We might be able to get an 8% TP + 2% trailing profit closing 99.99% of all deals with no manual intervention.
Well that's the goal. Let's see how far we get.
This is a 5min chart on LINKBULL/USD pair from FTX.
Availability:
If this signal proves to be as good as it looks after the test results, as with all the other signals VIP members get one bot they can hooked up to the signal. VIP with calls get 2 bots.
