Bitcoin Trading System Rules: Write Down The Rules and Follow Them

We shall use the previous steps to create a written bitcoin trading system that generates the trade signals displayed below using the 1 hour crypto chart. We shall use the 1H cryptocurrency chart to write the rules of this bitcoin trading strategy -bitcoin-currency trading system.

A bitcoin trading system refers to a set of written bitcoin rules that you follow to manage your trades. These rules must be written down so as to guide you. Following learn bitcoin tutorial will show you how to writedown the rules of your cryptocurrency trading system.

Keyword is a SET OF RULES which you must follow. If you don't follow the rules then you don't have a cryptocurrency trading system. Trading systems must have rules which are written down within your bitcoin trading plan.

Example of Bitcoin Trading System below:

Writing Rules of a Bitcoin Trading System- 1 hour Bitcoin Chart Time frame Trading

You can come up with the above bitcoin system using the steps below:

Choose your Chart Timeframe - 1H chart

Choose Technical Indicators that spot a new trend - Moving Average Crossover System.

Choose Technical Indicators that confirm the bitcoin trend - RSI, Stochastic

Finding entry and exit points

Long Entry

1. Both Moving Average pointing up
2. RSI above 50
3. Stochastic oscillator going up

Short Entry

1. Both Moving Average pointing down
2. RSI below 50
3. Stochastic oscillator going down

Exit

1. MA gives opposite signal
2. RSI gives opposite signal

Calculating risks in each trade - 20 pips

Write down the bitcoin trade system Bitcoin rules

Test the cryptocurrency trading system on a cryptocurrency trading demo trading account

After using these steps we create written bitcoin system rules below.

Writing Bitcoin Trading System Bitcoin Rules

Example of How to Write the Best Bitcoin Trading System Rules

This trading system produces the signals as illustrated below. Using these rules traders can determine when to enter & exit cryptocurrency trades.

Generate Buy and Sell Crypto Trading Signals using Written Crypto Trading System Rules

We have completed writing the rules, if you are researching on how to create the best bitcoin trading system, this tutorial is a good start to guide you on how to do just that. This is one part of a the bitcoin trading plan. Now how do you create a complete bitcoin trading plan? To read about Bitcoin plan tutorial go to the right navigation menu of this website under key concepts where you can find a link for this Bitcoin trade plan topic.