Backtesting Ethereum and sharing my results - futures io
futures io



Backtesting Ethereum and sharing my results


Discussion in Trading Journals

Updated
    1. trending_up 95 views
    2. thumb_up 1 thanks given
    3. group 2 followers
    1. forum 0 posts
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Backtesting Ethereum and sharing my results

(login for full post details)
  #1 (permalink)
akakingofseas
Istanbul/Turkey
 
 
Posts: 1 since May 2021
Thanks: 0 given, 1 received

Hi guys, this akakingofseas. I'm a newbie trader and i am trying to trade by using PA mostly but i'm open to any techniques. I love PA and i can't wait to improve my game. I'm doing some ETH backtests right now and i want to share my results and even more, i want to discuss about charts here too. If you could join me that would be awesome.

My first chart is from 22 July 2020. After having a great pump Ethereum took a few days to accumulate in an area and i wonder if there were any ways to anticipate the breakout before it happened because now it seems like there was a little of buildup and no foregoing moves to the upside before the big move.

So first things first, markets overall picture looks very bullish. It just took a great pump and increased its value by %185 so it's more than normal to expect an accumulation area. When ETH first met with its range high/resistance it couldn't go anywhere beyond it but it didn't go anywhere very below it too. Bulls managed to keep the price up to a very interesting level and only a few ( %1-3 ) percentages lower than the resistance after 12 days of struggling bears made their first move and they took the avantage. They managed to lower the price down to its range low/support. After that bulls seemed to lose great amount of control they couldn't move the price any higher or even when they did it only lasted for couple of days and bears took control again.

After the 8 days of stalling bulls took the price up the range high level, encountered a bearish pressure but they were stronger than before. after bears sold out for -%60 in the range bulls took control and broke out incredibly. So my question stands, were there anyways to anticipate the breakout before it happened with great powerbars? Price didn't come for pullbacks and i missed out this trade sadly, now reviewing it maybe i could have taken a very risky position after first white powerbar but it doesn't seem very conservative.

One way to trade this ::

After seeing the false low, we could have entered to the trade with a imaginary target of 390 (the target of the bull-flag formation) or to scalp we could set a target to the range high. And with a stop %1 below the false low our R:R would be 15 for the first scenario (this is what happens) 4 for the second scenario.

Attached Thumbnails
Click image for larger version

Name:	3ZTXXuve.png
Views:	26
Size:	50.1 KB
ID:	312301  
Reply With Quote
The following user says Thank You to akakingofseas for this post:


futures io Trading Community Trading Journals > Backtesting Ethereum and sharing my results


Last Updated on May 4, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts