BITCOIN Optimized Scalping by NHBprod -check out strategy report

hier

Hey everyone, here's a new scalping trading strategy script for Bitcoin, and I’m super excited to share it with you. It’s called the "BITCOIN BTC Optimized Scalping Strategy by NHBprod." It uses a modified version of RSI in conjunction with EMA to create a single buy and sell signal. These buy and sell signals are easier to read than traditional RSI + EMA indicators, because of the modification done to the RSI. Essentially, instead of having two zones in the RSI for oversold and overbought, I replaced it with a single zone. Once you have the EMA and RSI working together, then it can be tuned for BITCOIN which I have done as the default settings.This is the strategy script, but I also have the indicator script which can be used to automate buy and sell signals directly to your phone, email, or your bot.

What It Does
RSI: Measures momentum (like, is the market pumped or tired?).
EMA: Follows the big trend (like the market’s vibe over time).
Then, it smooshes all this data together and spits out 2 plot lines (EMA and RSI + RSI threshold line).

Backtest Results
Some notables:

I included slippage & I included commission.
Nearly 3% per order!
Pyramiding is turned on, since this is a scalping strategy.
10% capital per order.
Hundreds of trades, and covers the maximum amount of time allowed in tradingview.

The script is ready for BITCOIN and I deploy it on the 3 hour timeframe because for these indicators, 3 hours gives the indicators enough data and reduces the noise.

How to Use It
You may be able to use it in different ways, such as looking at the plot lines and determining when they are increasing or decreasing, or possibly when they are over/under certain values.

This strategy (and the pairing indicator script) is able to be used to trade long only. If you right click, you can set a 'buy' alert, and a 'sell' alert so that it can automatically remind you when to buy and sell, at ANY time of the day. Or, you can setup these alerts to be automatically sent to your broker if you are into automated trading :)