What are the steps to follow in order to create a profitable trading strategy using custom indicators in tradingview for cryptocurrencies?

1 answers

• Mar 31, 2022 · 3 years ago
  Creating a profitable trading strategy using custom indicators in TradingView for cryptocurrencies can be a rewarding endeavor. Here's a step-by-step process to guide you: 1. Define your trading goals: Determine your risk tolerance, desired returns, and investment timeframe. 2. Research and select custom indicators: Explore the available indicators in TradingView and choose ones that align with your trading strategy. 3. Backtest your strategy: Use historical data to test your strategy and assess its performance. Adjust the indicators and parameters as needed. 4. Optimize your strategy: Analyze the backtest results and fine-tune your strategy by optimizing the indicators and parameters. 5. Implement your strategy: Start trading with your custom indicators and monitor the results. 6. Evaluate and refine: Continuously review your strategy's performance and make adjustments based on market conditions. Remember, it's important to stay disciplined and adapt your strategy as the market evolves. Good luck with creating your profitable trading strategy using custom indicators in TradingView for cryptocurrencies!
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