Guide
How does the 3C Crossover with TTP & TSL strategy work ?
The 3C Crossover with TTP & TSL strategy is a dynamic trading tool designed for scalpers, primarily for lower timeframes such as the 1 or 5 minutes, although adaptable to the 15-minute chart. The essence of the strategy revolves around utilizing Moving Averages (MA) crossovers to determine trade entries and exits. Specifically, it enters a Long position when a fast MA crosses over a slow MA, and vice versa for a Short position.
Customization and refinement are key, where you can alter MAs' types and lengths, adding filters such as the EMA and ATR to gauge market volatility and direction. An RSI filter is also present, guiding entry points—Longs above an RSI of 50 and Shorts below. Further, the strategy uses RSI values for trade confirmation, requiring a rise or fall over a set number of bars for Longs or Shorts, respectively.
Additional features include a pullback filter to avoid suboptimal entries, variable Stop Losses through fixed percentages or ATR calculations, and flexible Take Profit settings, including a percentage-based or Risk-Reward ratio, especially favored if ATR defines your Stop Loss. Moreover, a Trailing Take Profit feature enhances potential gains, with options for percentage or ATR trailing.
Integration with 3commas bots through a connector enables automatic signal-based trade execution without needing a 3C subscription, ensuring a non-repainting strategy that adjusts in real-time. Finally, Stop Losses, Take Profits, and further developments are in the pipeline, aiming to incorporate RSI divergences and other enhancements.