Hey everyone,
I've been working on this Dynamic DCA strategy for Bitcoin that seems pretty promising. It’s based on what I call the 14-Month Dynamic RSI.
So instead of the usual daily or weekly RSI used for quick trades, this one uses the RSI from the last 14 months of Bitcoin's monthly closes. It really looks at the overall momentum and overbought or oversold situations for a longer-term outlook.
Thoughts on this? I really believe it might change the game for DCA.
Innovative DCA Approach Using 14-Month RSI for Better Returns
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ben.matrixNewbie
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#2Mar 4, 2017, 12:24 AM
Sounds interesting! What’s the main advantage of using a 14-month RSI over the usual ones?
Does it really make a significant difference?
ben.matrixNewbie
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#3Mar 4, 2017, 04:37 AM
I like the concept. The extended timeframe might smooth out the noise we see in daily charts.
Curious to see some backtesting results.
ben.matrixNewbie
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#4Mar 4, 2017, 05:49 AM
+1 on that! Longer trends are easier to read.
ben.matrixNewbie
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#5Mar 4, 2017, 06:21 AM
Not saying it won’t work, but isn't there a risk that you’re missing shorter-term opportunities with such a long RSI?
ben.matrixNewbie
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#6Mar 4, 2017, 09:52 AM
Would really love to see some numbers on your testing! Did you compare it against a simpler DCA?
ben.matrixNewbie
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#7Mar 6, 2017, 05:27 PM
It could be useful during volatile phases for sure. But also, you might wanna consider other factors too, right?
ben.matrixNewbie
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#8Mar 8, 2017, 11:48 AM
When can we expect to see some real data? I’m all in for better strategies!
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#9Mar 8, 2017, 03:28 PM
Honestly, sounds good, but the market’s unpredictable. Gotta be flexible regardless, right?
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