Bitcoin / Euro
Long

ALgo Trading ON BTC based on RSI

RSI / MACD / MARSI and Moving Average could be wisely used in order to make better spread trades.
Let’s have an analysis on the indicator RSI. We start an algo focused on RSI on the uptrend of Bitcoin since 28 oct 2020 -> today.

Rules: If the RSI drops below 25%, We take a long position. Whenever the RSI is Back to >70% we sell this position. Time per candle is 30 min.

The algo took 7 trade let’s look at his performance: 5.62% + 7.14% + 6.03% - 0.55% + 1.17% + 11.17% (the last trade is not done yet since we have not yet reached the 70% on the RSI indicator)
Total Performance since 28 oct 2020 = 30.58%
Average time before closing trade is 2 days

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