Trade Alts like a Hedge Fund

I’ve been busy working on a new idea based on hedge of alt coins.

Hedge consists in longing and shorting two coins at the same time, with the same amount of funds.

Ideally you want to do this with two highly correlated or non correlated coins (1 or -1 correlation coefficient)

Imagine if there was a single script that can at the same time:

automate finding the best pairs to hedge among 20 user selected
automate finding the best time to hedge
automate finding when to take profits
automate running a bot with WickHunter using TradingView alerts
backtesting

Imagine if that was really profitable.

For now let’s call it a proof of concept. It’s just our of the oven and it will need some good testing and improvements.

The script will be available to Observers and higher but it will become a VIP script from September 2023.

This will give you the chance to test it extensibly, find the best pairs to hedge, do as many backtest and forward tests as you want.

Let’s improve it and make the best hedge fund strategy for Altcoins!

Charts in this video:

Spaghetti indicator
Correlation matrix
ALT HEDGE 1H backtest
ALT HEDGE 15m backtest

The results from the backtest cannot predict the future. There’s no guarantee that the strategies will work. Anything an go wrong. The risk of trading in cryptocurrencies is very high so only trade and test the strategies with an amount that you are willing to lose.

TTP ALT HEDGE is in BETA meaning that in the upcoming month we will be testing and resolving any technical issues that we expect to encounter and improve the settings for better results.