Book Image

Zero to Hero in Cryptocurrency Trading

By : Bogdan Vaida
Book Image

Zero to Hero in Cryptocurrency Trading

By: Bogdan Vaida

Overview of this book

In today's fast-paced digital age, cryptocurrencies have emerged as a revolutionary financial asset class, capturing the attention of investors and traders worldwide. However, navigating the world of cryptocurrency trading can be overwhelming for beginners. Zero to Hero in Cryptocurrency Trading acts as a guiding light to navigate this complex realm. This comprehensive guide to cryptocurrency trading empowers you to go from a novice trader to a proficient investor by helping you implement your own trading strategy. As you progress, you’ll gain structured trading knowledge through hands-on examples and real-time scenarios, bolstered by trading psychology and money management techniques. You’ll be able to automate your manual trades with an algorithm that works even while you sleep. You’ll also benefit from interactive teaching methods, including screenshots, charts, and drawings to help decode market operations and craft your unique edge in the dynamic crypto world. As an added bonus, you’ll receive ready-to-use templates to identify useful indicators, test your strategy, and even maintain a trading journal. By the end of this book, you’ll be well-equipped to trade cryptocurrencies and automate manual trading to give you an edge in the markets.
Table of Contents (13 chapters)
9
Chapter 9: What’s Next?

Coding trading strategies – from Pine Script to Python and beyond

In the intermediate phase of my trading journey, I found myself crafting Pine Script indicators and strategies for clients. Pine Script is the coding language used to create custom indicators on the TradingView platform. Initially, I began this journey by developing tools for my friends in our private trading circle. As my proficiency grew, my clientele expanded through their endorsements.

Interestingly, many of the strategies proposed by my clients were not profitable. While these strategies had shown promising results over one or two months during the manual development and backtesting stages, they often failed to generate profits when deployed live. At times, any profits realized were more attributable to Bitcoin’s general bullish trend rather than the efficacy of the strategy. However, amidst this sea of underperforming strategies, some stellar performers sustained profitability over the years. The...