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Just wondering if I could get some help limiting downside risk on this algorithm .It buys on the first green bar of a Heikin Ashi if the trend is above the 5 ema. Timeframe is just short of 4 hour bars
If you guys have any ideas to limit downside risk id love to hear your opinions.
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Mak K
Hey, I don't know too much about trading crypto but maybe try implementing a condition that stops trading if the daily or 4hour ATR is higher than a certain percentage of the asset price. So say ATR is 200$ and ETHUSD is 2000$, then thats 10% and you could say stop trading until it returns to normal levels. You could also have a running average of this % value to know when the current environment is too volatile. Let me know if that helped or you had something entirely different in mind!
Christian Olsen
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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