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 universal in nature, so you can optimize it for trading on any time frame. However, it's important to understand that AlliHeik is a trend-following EA. This means that a shorter time frame will reduce profitability.
Installing the AlliHeik Advisor
The AlliHeik advisor was developed in 2016 and is distributed completely free of charge. Furthermore, the robot has been published in the official MT4 developer library.
Since AlliHeik is a custom development, it must first be installed on the trading terminal. You can do this in two ways: install it through the library or install it through the terminal's data directory using the standard installation method.
To install via the library, launch the MT4 trading terminal and go to the "Terminal" panel, where you can also view data on your balance and open trades.
Then, open the "Library" tab and perform a basic sort so that only technical indicators are displayed in the list. Next, find AlliHeik in the list and download it using the additional menu, as shown in the image below:
If the installation process was too difficult, you can follow the standard installation procedure. To do this, simply download the AlliHeik advisor file at the end of this article and copy it to the appropriate folder in the data directory, specifically the folder named Expert.
After installation, restart the trading terminal or refresh it in the navigator panel, otherwise AlliHeik will not appear in the list of advisors.
After updating the terminal, the advisor will be ready to use. Just remember to configure the custom settings after applying it to Bitcoin.
Robot Strategy. Settings:
Bitcoin, being a key cryptocurrency and also the most popular in the world, is practically impossible to fundamentally analyze, as there is no single decision-making center.
However, the law of supply and demand governs the cryptocurrency market and Bitcoin's price, making technical analysis quite effective.
The AlliHeik robot is built on two trend-following technical indicators, namely the Bill Williams Alligator and Heiken Ashi Smoothed. The robot does not use martingale or averaging, but locks in all profits or losses using a stop order.
The AlliHeik robot settings are extremely simple, as they contain almost all standard variables.
For example, in the JawsPeriod line, you can set the period of the Bill Williams Alligator indicator's jaw line, and in the JawsPrice line, you can specify the price at which the tool will be calculated.
The MaPeriod and MaPeriod2 variables allow you to set the periods for the two moving averages, which in turn are the basis for constructing the indicator and Heiken Ashi Smoothed. The MaMetod2 and MaMetod variables allow you to set the moving average type.
The StopLoss and TakeProfit variables are responsible for fixing profits and losses in points. In the TrailingStop line, you can specify the trailing stop size, but rather the number of points after which the price will move in the profit direction. The FixedLots variable controls the position volume.
Adapting AlliHeik for Bitcoin Trading Testing:
From a technical perspective, there's no difference in the strategy and its indicators working on Bitcoin or other cryptocurrencies compared to regular currency pairs, as the calculations take into account the opening and closing prices, as well as a specified number of candles.
market volatility is fundamentally different , as Bitcoin moves approximately 100,000-140,000 pips per day.
Therefore, for the robot to work effectively, it's necessary to optimize the stop loss and profit values, setting them at approximately this level.
Optimization was performed for 2017 on the Bitcoin/USD pair on a four-hour time frame. The preliminary test results on the optimized period are as follows:
Forward testing of the obtained parameters was conducted for the first three months of 2018, also on Bitcoin. The forward test results (future testing on a non-optimized segment) are shown below:
In conclusion, it's worth noting that the AlliHeik advisor can be used effectively on Bitcoin; moreover, its effectiveness on cryptocurrencies proved to be significantly higher than on traditional currency pairs .
Download the AlliHeik advisor.
