BTC Neural AI Strategy tuned for ETH crypto showing buy signal
36
Hey everyone. Here's a new trade idea potentially for ETH. I created a a new trading strategy script for Bitcoin, and I tuned the parameters for ETH. The original script is called the "BITCOIN BTC Neural AI Strategy." It creates a neural network using RSI, MACD, and EMA which are weighted and undergo a mathematical transformation to result in a single value. Plotting the single value, and adding thresholds gives you the ability to trade. 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.
After adapting the parameters for ETH, I get a winning backtested strategy (see attached image):
Based on the backtest, and the average winning trade, I feel like this could be an area where ETH continues to increase. Since the Buy signal was triggered, ETH already went up but I believe there is more growth especially since the sell signal has not yet been triggered yet, and the Neural Proxy line is showing it is closer to ANOTHER buy signal instead of a sell signal.
I don't want to explain the script and how it works since this is a 'publish idea' and not a 'publish script' post, but I'll link the original script publication, or you can just find it on my profile :)
How to Use The Indicator/strategy Look at the Neural Proxy line—it’s color-coded and easy to spot. For traders who only trade long: When the Neural Proxy line is above 0.5 = buy When the Neural Proxy line is below -0.5 = sell
For traders who only trade short: When the Neural Proxy line is above 0.5 = exit the short When the Neural Proxy line is below -0.5 = enter the short
This strategy (and the pairing indicator script) is able to be used to trade long only, short only, or both long & short to maximize trade opportunities.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Discord where I mentor how to trade, use scripts, and where I will OPTIMIZE backtest results for any chart you select:
discord.gg/Tx3UWkMBQm
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.