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I take an extremely popular Forex trading system and apply it to Cryptocurrency trading. The Highest Open - Lowest Open (HOLO) trading system has been successfully traded on the Forex market for a very long time. In this video, I test it for 100 consecutive trades on Bitcoin, and as expected, it performed extremely well on the crypto market. Stayed tuned because at the end of this video I give 4 FANTASTIC ideas on how to make it even better.
⏱️ Timestamps ⏱️
00:00 - Start
01:27 - Long Examples
02:57 - Short Examples
04:42 - Testing Results & Equity Curve
05:42 - Trader’s Landing Score
05:52 - Optimization
⚙️ System Specifics ⚙️
🎹 Instrument: Bitcoin vs. US Dollar (BTC/USD)
⌛ Time Frame: 1-Hour (H1)
🏆 Trader’s Landing Score: 7
👀 TradingView Indicators
Name: Trading Session Indicator
Inputs: 00:00 - 08:00
By: ZenAndTheArtOfTrading
Link: https://www.tradingview.com/script/xitSH979-Trading-Session-Indicator/
☝️ Long Entry
👇 Short Entry
🔥 Risk to Reward: 1:1 for half of the position, 3:1 for the 2nd half.
🛑 Where to place stop-loss:
For Longs: Below the daily low.
For Shorts: Above the daily high.
🚀 Where to take profits: 1:1 for half of the position, 3:1 for the 2nd half.