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Bottom Detector (Bearish)

Bottom Detector (Bearish)

Type: Strategy
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The "Bottom Detector" strategy is a combination of oversold indicators and a reversal bullish candlestick pattern.

This strategy will attempt to detect oversold zone with bullish patterns in them. In this way, the strategy will buy in areas where the price is very likely to increase.

Trading frequency:
The trading frequency depends on market conditions. If the market is trending this strategy will be more efficiente than in a ranging one. It mostly operates in a time frame of two hours.

Market conditions:
Especially designed to spot trend reservals and pullbacks (during uptrends and downtrends), this strategy can be used in bullish and bearish markets. However, how profitable it will be during downtrends will depend on your profit targets and trailing stop-loss.

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