Today we will talk about a new bot designed and coded by our brilliant friend Origo 馃槉. This signal caller bot is found exclusively here in our Arcane Bear Telegram chat. https://t.me/arcanebear It was not long ago I was sharing an Exponential Moving Average strategy in our chat that can be relied on almost with 95% accuracy and then the next day a new prototype broke onto the scene, as I slept. Let me explain a little about why the bot is here. When we use a moving average, it represents the last closing average price of a set number. Therefore, a 21 EMA is the last 24 candles. Easy right? I thought so. They not only will act as support and resistance many times over but can be used to signal price trend direction changes as well. These reversals are what we all play the trading game for. If we can time reversals using any means available, we can trade successfully...Check out this chart and some description to follow below..
The white line is a 55 and the 21 is the yellow line. Of course a smaller number of moving average moves quicker, and the longer, slower. Remember averages move slower with more time averaged in. Later we can go deeper into how they work if requested but you don鈥檛 need to know a lot more to get started then what I will give you in this post 馃槉 That鈥檚 how easy it is! Buying at green circle is great and selling at red circle is also great. You would have made 20% profit on your Litecoin in 4 days. That means 200.00 of every 1,000. You get the idea..This occurs on every coin, everyday and if used as an indicator it is very powerful. Always do your research and trade wisely. You run your own account, not me ;) This isn鈥檛 meant to be investment advice. Just a tip to use that works very well in combination with swing trades and decent volume. It works even better if you get a strong candle with decent volume. Maybe toss in a little RSI if you want, or not. Its good on its own. Up to you how you use it 馃槉. Try and catch those tops and bottoms if you like. Later we can talk about bottoms in other future posts perhaps..Look at a preview below of what the signals look like when you see them real time
Origo has put a lot of hard work into designing a bot that scans exchanges and gives not only EMA crossings but Relative strength index ,money flow, volume of change since last candle and momentum indicators as well. Now we don鈥檛 have to stare at charts all day to find these trades. We can go fishing and let the bot work for us. If we see a chart we like after seeing the alert, take a trade and bait that hook! The signals are proudly displayed in our Arcane Bear Telegram channel right here. There are different exchanges and Origo is relentless as he ponders and executes update and smoother processes constantly. If you find this bot and information useful contribute a little profit to assist with his upkeep, he did produce this bot from the generosity of his heart and of his own free will. All I said was how cool it would be to have a bot that could be way more patient than me looking at charts. He made it happen. Shout outs to ALL of our many friends giving work and feedback to tweak it and make it work better :)You know who you are and you are the best!!
This will help your trading concepts, even if its not the best tool for you. Stop by and say hi. Our friendly community loves to help and chat with mostly anything. We want you all to find what you are looking for in whatever endeavors you choose for yourselves and happy trading!! :)
