OverBought & OverSold buy sell strategy. Most profitable strategy for dogecoin on TradingView.
Channel: Profitable Tradingview Strategies
Date: 2021-08-23

This is the v2 of Buy Low Sell High Strategy by Suru. This strategy works on the basis of breakthrough or breakdown of the trend. Whenever price break the trend through upwards, price become overbought and strategy place the sell orders. Whenever price break the downtrend more downside strategy price become oversold hence place the buy order and buy in the deepest level of the trend. Strategy works on weighted moving average.

This strategy works on DOGEUSDTPERPENTUAL on Binance exchange. You can apply this strategy to 1 min, 3 min or 5 min chart you just need to adjust the wmaUUV value for overbought region and wmaLLV value for oversold region.

There is no need to set the stop loss in this strategy, if you still want a stop loss you can set stop loss in Use fixed profit/loss option in setting.
You can set take profit fixed which is 2000 pips by default and SuperTrend with opposite signal of existing order type. You can adjust setting accordingly. I found the best setting which are defaults.

Best overBought and overSold settings for different timeframe
For 1 m chart overBought 0.02 and overSold 0.02
For 3 m chart overBought 0.02 and overSold 0.02
For 5 m chart overBought 0.03 and overSold 0.02

Test the strategy and leave the reviews.

Strategy link:
https://www.tradingview.com/script/TjQbyUGz-Buy-Low-Sell-High-Strategy-by-Suru/

Disclaimer:



I am not a financial advisor, nor recommend or guarantee any strategy 100% profitable, trading involve risk, you can loose money & my strategies are only tested & suitable for me, apply it with your own risk. Backtested profitable strategies may occure losses in Realtime or in future.