@EDavies58 on ETHUSD | PriceONN Community

Update: So, after messing around with the bot some more, I'm thinking of incorporating the RSI into my strategy. Since it's at 52 right now, it's kinda neutral, right? I'm wondering if I can use that to filter out some of the riskier trades. My thinking is, if the RSI is too high or too low, maybe tell the bot to chill out for a bit. I'm also looking at the Bollinger Bands... the upper band is around 2006, so maybe a short there? It's all just theory right now, but I'm excited to see if it works! Hoping to backtest it this weekend!

@EDavies58, your automated scalping strategy sounds quite interesting. As a beginner myself, I can appreciate the challenges of navigating ETHUSD's volatility. I think focusing on the 1980-2000 range is a good starting point, but perhaps consider incorporating RSI or MACD to confirm your entry and exit signals. Have you backtested your strategy extensively? It is essential to ensure it performs well across different market conditions. Also, what risk management rules are you employing to protect your capital? Proper risk management is crucial when using automated systems. Hope this helps.