The world of cryptocurrency is forever evolving, and at CryptoKnowledge, we ensure we’re moving at the same pace. We’re incredibly excited to introduce our third trading strategy in as many days – the Parabolic Trader.
Built around the Parabolic SAR (PSAR) indicator, this innovative strategy has demonstrated a success rate of 70% in backtesting, marking a new level of sophistication in our trading toolkit.
To keep our users ahead of the curve, we provide alerts via email for the Parabolic Trader and other strategies across various timeframes – 5 minutes, 15 minutes, 1 hour, and 1 day.
Understanding the Parabolic Trader Strategy
The Parabolic Trader strategy is a dual-faceted approach that leverages the PSAR, a popular tool traders use to determine the direction of an asset’s momentum. Essentially, the strategy can signal both bullish and bearish trading opportunities. Besides the PSAR, the strategy also incorporates the EMA and MACD. Let’s take a closer look at how the strategy works:
Bullish Signal
The strategy prints a bullish signal when the following criteria are met:
- The closing price of a token is above its 200-day Exponential Moving Average (EMA)
- The price is above the PSAR
- MACD has signaled are bullish crossover
- MACD line is above 100
Bearish Signal
Logically, the bearish signal inverts the above-explained criteria:
- The closing price of a token is below its 200-day Exponential Moving Average (EMA)
- The price is below the PSAR
- MACD has signaled are bearish crossover
- MACD line is below 100
Success Rate of the Parabolic Trader
During our extensive backtesting, the Parabolic Trader strategy has exhibited a substantial success rate of 70%. This high percentage signifies the potential profitability of this tool, but as always, it should be used in conjunction with other trading tools and strategies for optimal results.
On top of that, it is worth mentioning that the strategy won’t create a high amount of signals since many indicators are checked. Nonetheless, once a signal is created, the indication is quite strong.
A Dedicated Space for Trading Strategies
Oh, and one more thing: To make it even easier for our users, we’ve created a dedicated space on our website for all our trading strategies. Here, users can conveniently access and utilize the Parabolic Trader, along with our other strategies.
Essentially, we separated the strategies from single-indicator signals (MACD, EMA, etc.). You can still find the single trading indicator alerts on our signal page.
Rapid Innovation at CryptoKnowledge
At CryptoKnowledge, our commitment to delivering sophisticated trading solutions is unwavering. Launching the third strategy in just three days is a testament to our team’s tireless dedication and fast-paced innovation. We’re set to provide you with the most advanced, comprehensive, and efficient tools to enhance your trading journey.
At CryptoKnowledge, we’re committed to your success in the crypto world. We’ll continue striving to improve, innovate, and provide you with the tools you need to navigate the exciting world of cryptocurrency trading effectively. Happy trading!