I Tested The INSANE 260% Profit 5 Minute Scalping Strategy 1,600 Times!

I Tested The INSANE 260% Profit 5 Minute Scalping Strategy 1,600 Times!
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🎙In This Video I broke down and reviewed this strategy from Switch Stats which claimed to make 260% profit with 800 trades backtested. I doubled the testing, with 1,600 trades across 7 different time frames... and the results i came across... were a bit different.
⏰ Video Time Stamps
Intro 00:00
Indicator 1: 01:44
Indicator 2: 02:18
Strategy Rules: 02:41
Entry Examples: 03:13
Strategy Bot: 05:16
Backtesting The Strategy: 07:48
Strategy Rating: 12:38
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Bitcoin Daily was created to bring you the best tips, tutorials and ideas to help you learn how to become a profitable and successful trader/investor! We are here to continue to promote Cryptocurrency adoption to the masses! We are sick and tired of the government's having complete control over our money and Bitcoin is the revolution and solution to that problem!
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** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do your own research.*
#daytrading #crypto #tradingstrategy

[@Borg14]

These are fun to watch, keep it up

[@the_pre-flip_gang5682]

very good video

[@Hyakudeaths]

Wow!

[@pruesirerabas]

Hello! I knew you from your video on leverage calculation, really the best on youtuve by far. But in this strategy you are not taking it into account. Another essential factor to know is if the entries are done by limit or marquet.I assume that all the exits are by limit (for which you will not use the take profit function but close by limit (bottom right). Is it like this? which method did you use? I'm afraid that in live sessions for 1 or 5 minutes frames you use Market. I have not found any strategy that uses Market for entries or exits that would work. By the way: bybit has 0.01 commission for maker and 0.06 for taker. Thanks for your work.

[@BitcoinDailyTV]

Hey there! Thanks for the comment! Yes if you watch the results part of the video, I run the strategy through a simulation including trading fees and break down why the strategy is not profitable due to the trading fees you need to pay

[@TheOK_Sophie]

Very nice - thank you for sharing your trading experience. Im Sophie from OKX and I have reached out to you via DM on twitter and email, help me check it out when you have time😊😊