How to choose a coin

It is entirely personal how to choose a coin. I like NOT to choose coins with a low market cap. Also, I need higher percentage profitabilities. The higher, the better. I can not say better coins for you since this is not financial advice.

• For experimental reasons, let us choose INDEX:ETHUSD.

I have chosen INDEX:ETHUSD rather than ETHUSD (Binance) or ETHUSD (from other exchanges) because I believe the Index has the most data and will likely have a better reflection in the results

• Choose the strategy indicator. Note the percentage profitability.

It is better to choose a coin that provides higher % profitability. If the profitability drops below 80%, I prefer not to experiment with that coin. I also look at the total closed trades. If the total closed trades are low, then I prefer not to trade that coin.

In conclusion, I am looking for coins with more closed trades and higher % profitability.

For our example, we have profitability of 82%.

If you change the timeframe, you will find the profitability changes. Find the optimal timeframe for which you have the best % profitability.

For example, I find INDEX:BTCUSD does well under a 2day timeframe and INDEX:ETHUSD does well under a 1day timeframe.

Look at the config by clicking the COG icon.

Scroll down on the popup window.

You will find heaps of configuration. By default, it is set for long/buy trades only.

You can choose short trade or both long/short trades. And check the % profitability.

You may change the dates to test for different years and check how it behaved over the years.

If desired, you can put a percentage stop loss to see how it will behave in your experiments.

I leave it for you to experiment and find an optimal result for your chosen coins.