Advisor for Bitcoin AlliHeik. Automated cryptocurrency trading
Cryptocurrencies have burst into the world of trading and have attracted the interest of almost all categories of traders.
The nature of their movement, and especially if we talk about the speed of price passage in percentage terms, cannot leave either a scalper or a conservative investor indifferent, who can receive an annual return in almost a month.
However, with the advent of a new type of asset, many traders encountered enormous difficulties with automated trading, since most popular advisors simply refuse to work, and if the trading process itself occurs, it is far from successful.
However, despite all the difficulties of using forex advisors, automatic trading of cryptocurrencies is more than real, and in this article you will get acquainted with a robot that can be successfully used on Bitcoin pairs.
AlliHeik is a Forex indicator advisor, which is based on an indicator strategy based on technical analysis , which allows you to use the robot on all existing assets in the MT4 trading terminal.
The robot is inherently universal, so you can optimize it for trading on any time frame, but you need to clearly understand that AlliHeik is a trend advisor. This means that reducing the time frame will lead to a decrease in profitability.
Installing the AlliHeik advisor
The AlliHeik advisor is a development from 2016, which is distributed completely free of charge; moreover, the robot was published in the official library of MT4 developers.
Since AlliHeik is a custom development, it will need to be previously installed in the trading terminal. To do this, you can use two methods, namely install through the library, or install through the terminal data directory according to the standard scheme.
To install through the library, launch the MT4 trading terminal and move to the “Terminal” panel, where you can also see data on your balance and open transactions.
Then open the “Library” tab and do a simple sorting so that only technical indicators are displayed in the list. The next step is to find AlliHeik in the list and download it using the additional menu, as shown in the image below:
If installation in this way was extremely difficult, you can perform the installation according to the standard scheme.
To do this, you just need to download the AlliHeik advisor file at the end of the article, and then drop it into the appropriate folder in the data directory, namely into the folder called Expert. After installation, restart the trading terminal or update it in the navigator panel, otherwise AlliHeik will not appear in the list of advisors.
After updating the terminal, the adviser will be ready to work, the only thing is that after applying it to Bitcoin, do not forget to set the user settings.
Robot strategy.
Settings Bitcoin, being the key cryptocurrency and at the same time the most popular in the world, is practically not amenable to fundamental analysis, since there is no single decision-making center.
However, the cryptocurrency market and Bitcoin exchange rate are subject to the law of supply and demand, which makes technical analysis very effective.
The AlliHeik robot is built on the basis of two trending technical indicators, namely the Bill Williams Alligator and the Heiken Ashi Smoothed, and the robot does not use a martingale or averaging, but records all profits or losses on a stop order.
The AlliHeik robot settings are extremely simple, as they contain almost all standard variables.
So in the JawsPeriod line you can set the period of the jaw line of the Bill Williams Alligator indicator, and in the JawsPrice line you can set at what prices the instrument will be calculated.
The variables MaPeriod and MaPeriod2 allow you to set periods for two moving averages, which in turn are the basis for constructing the indicator and Heiken Ashi Smoothed.
The variables MaMetod2 and MaMetod allow you to set the type of moving averages. The StopLoss and TakeProfit variables are responsible for fixing profits and losses in points.
In the TrailingStop line, you do not have to specify the size of the trailing stop, namely, after how many points the price passes towards profit, the stop order will be dragged. The FixedLots variable is responsible for the position volume. Adaptation of AlliHeik for Bitcoin trading.
Testing From a technical point of view, namely, there is no difference in the operation of the strategy and its indicators on Bitcoin or other cryptocurrencies compared to conventional currency pairs, since the opening and closing prices, as well as a given number of candles, take part in the calculation process.
market volatility is fundamentally different , since about 100-140 thousand points pass through Bitcoin per day.
Therefore, in order for the robot to work effectively, it is necessary to optimize the value of the stop order and profit, indicating values approximately at this level.
Optimization took place in 2017 for the Bitcoin/Dollar pair on a four-hour time frame.
The preliminary result of testing on the optimized area looks like this:
Forward testing of the obtained parameters took place in the first three months of 2018 using the same Bitcoin.
The result of the forward test (test in the future on a non-optimized area) is shown below: In conclusion, it is worth noting that the AlliHeik advisor can be perfectly used on Bitcoin, moreover, its effectiveness on cryptocurrencies turned out to be an order of magnitude higher than on traditional currency pairs .
Download AlliHeik advisor