A Comprehensive Strategy for Ethereum Trading

✨Backtested results show that the strategy has been consistently profitable for Ethereum trading.

💼The strategy uses the PMP and BBWPAR indicators, which are freely available on TradingView.

⏰The strategy requires monitoring the PMP signal line, BWP above 70 percentile, and negative slope in the moving average.

📊Risk management is crucial for optimizing the strategy, considering maximum stop-loss and take-profit limits.

📅The strategy has been tested over a four-year period, showing consistent profitability.

Can this strategy be applied to other cryptocurrencies?

—While the strategy focuses on Ethereum, it can be applied to other cryptocurrencies with some adjustments.

Are there any recommended risk management parameters?

—It is recommended to define maximum stop-loss and take-profit levels to optimize risk management.

How many trades does the strategy execute per month on average?

—The strategy executes around 30 to 40 trades per month, providing a balanced trading frequency.

What kind of position does the strategy take if the indicators align?

—The strategy takes a position when the PMP signal line is below 15 percentile, BBWPAR is above 70 percentile, and the moving average has a negative slope.

What is the average win-to-loss ratio for the strategy?

—The strategy has an average win-to-loss ratio of approximately 1.25%, indicating a higher profitability potential.

00:00Introduction and focus on Ethereum trading strategy.

02:52Explanation of the PMP and BBWPAR indicators and their settings.

06:36Detailed walkthrough of the strategy's setup and criteria.

09:35Analysis of past backtested results and discussion on risk management.

11:43Brief overview of the current Bitcoin market and potential trading scenarios.