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RE: Crypto Trading Strategy with Triangular Moving Average (TRIMA) Indicator - Crypto Academy / S6W4 - Homework Post for @fredquantum.
Dear @viceampi81. Thanks for participating in the Steemit Crypto Academy Season 6 Week 4. See the ratings and feedback of your entry below.
| Criteria | Rating |
|---|---|
| Originality | 1.5/2 |
| Compliance with topic | 1.25/1.5 |
| Consistency of method | 1.75/2 |
| Quality of Analysis | 1.5/2 |
| #club5050/ #club75/ #club100 | 1/1 |
| Clarity of language and structure | 1.5/1.5 |
| Total | 8.5/10 |
Feedback/Suggestions
You produced a great article on the homework task except for a few inconsistencies that I am going to discuss in the sections below.
- In question 1, you have shown your understanding of Triangular Moving Average Indicator.
- For question 2, you have added TRIMA on the crypto chart and you have shown how it is calculated, no illustrative example was given. In question 3, you have identified uptrend and downtrend market conditions with TRIMA.
- In question 4, You have explained dynamic support and resistance with TRIMA.
- For question 5, You have combined two TRIMAs to mark buy and sell positions utilizing the crossovers of the indicators at separate periods.
- In question 6, you have explained the criteria for trading bullish/bearish reversals using TRIMAs combined with RSI. You have combined another indicator with TRIMA to verify its crossovers. You have not properly explained your choice of periods.
- And in question 7, you have placed the trades according to the strategy. Your risk to reward ratio is bad, your risk is too wider as compared to your take profit. That's a bad practice, you should work on that.
Total| 8.5/10