In this tutorial, we're going to see how to create a trading strategy that profits from oversold conditions, to buy the lowest possible and quickly sell on the uptrend
This tutorial is here to make you understand something: you no longer need to know anything about code to be successful in automated trading
We're going to use the RSI indicator on 30 min intervals, with Heikin Ashi candles.
RSI (relative strengh index) is an indicator that allows us to notice overbought or oversold assets.
You can learn more about it here
Here's the easy part, we're going to go in bots and click on "new bot"
To check a RSI cross with the y=30 line, we just need to check that: [RSI 1 period ago] < 30 < [actual RSI]
Let's do that: click on the left value and configure a 30 min, 14 periods RSI with Heikin Ashi candles.
On the "intervals back in time" field, select 1: we want the past candle's RSI.
Press enter, you'll see this:
We'll need to repeat this process 3 times, and select the values in the middle of them.
We're not going to detail that here as it is quite straightforward.
If you configured your bot the right way througout the tutorial, you should see that:
After saving your strategy, just click on the "enable" button and enjoy the results 😉
We encourage you to enable telegram notifications to be alerted whenever your bot takes position.
In order to be sure that our strategy is profitable, we encourage you to test it for a while on the sandbox exchange.
As a reminder, Sandbox trading on kaktana is 100% free, forever.
In cryptocurrency, there's no "get rich quick scheme": we're not going to promise you daily 10% returns on a market that does -5%.
Rather, we're helping you to benefit from automated trading whatever your level is. Automated trading strategies can be very profitable, as long as you use the right tools.