How to Juggle
In this guide, we'll walk you through recommended approaches to using JESTER manually to enhance your trading experience.
Last updated
In this guide, we'll walk you through recommended approaches to using JESTER manually to enhance your trading experience.
Last updated
This guide is for older versions, however the approaches are still valid and usable with current iterations of the Jester algorithm.
Approaches with BTC (Including Suboptimal Charts): For illustrative purposes, we have deliberately chosen suboptimal charts to demonstrate that even in challenging market conditions, JESTER still possesses exploitable trading edges. Whether you opt for high leverage, low leverage swing trading, or other strategies, our aim is to consistently generate growth opportunities by capitalizing on market reversals and opportunities. Despite varying risk levels, our precision-driven system empowers traders to navigate day to day.
Spot Trading: Start with spot trading, focusing on the spot market. Use JesterBot's insights to identify potential reversals.
DCA (Dollar-Cost Averaging) Strategies: Implement DCA strategies by periodically adding to your position. JesterBot's precision can help optimize your entry points.
SL Placement Below Buy/Sell Order Close: Factor in the Average True Range (ATR) to determine optimal stop-loss (SL) placement. We recommend using the range high/low in addition to ATR to calculate this.
Using BTC as an example of position sizing.
We are assuming an account size of 10,000USD, and entering $1,000 (or 10%) per position.
As we scale in and out, you'll notice that despite multiple entries in a trending market, thanks to JesterBot's unique ability to catch falling knives, the Dollar-Cost Averaging (DCA) strategy consistently generates a profit.
$34,992.45
-0.6%
$994
$34,588.78
+0.49
$1005
$34,551.33
+0.60
$1006
$34,412.46
+1.0%
$1010
$34,268.86
+1.4%
$1014
Total Profit:
3.49%
$34.9
High Leverage: For those comfortable with high leverage, consider using JESTER alerts to enter high-risk, high-reward positions.
Small Position Size: Maintain small position sizes to manage risk effectively. JESTER precision can help you optimize your risk-reward ratio.
Trailing SL: Utilize trailing stop-loss orders to protect profits. JesterBot's entries can aid in allowing profitable dynamic trailing SL levels.
Again using BTC as an example.
We assume an initial account size of $10,000 USD, and we're willing to risk $100 (or 1%) per position.
Despite the amplified risk associated with high leverage, our strategy aims to consistently generate profits by capitalizing on rapid price movements and market opportunities."
$34,992.45
-1R
-$100
$34,588.78
3.4R
$340
$34,551.33
-1R
-$100
$34,412.46
1R
$100
$34,268.86
3.5R
$350
Total Profit:
5.9R
$590
Low Leverage: Opt for spot or low margin when engaging in swing trading. JESTER insights can help identify potential swing points with precision.
Swing Trading: Employ JESTER signals to execute swing trading strategies. Capture price movements over short to medium-term timeframes.
Stop Loss: Use the pivot low +/- Average True Range (ATR) to place your Stop Loss, and as the price moves in your favor, move the Stop Loss to breakeven to conserve and protect your capital.
Again using BTC as an example.
Assume an initial account size of $10,000 USD, with a willingness to risk $200 (or 2%) per position.
Our strategy aims to consistently generate slow but profitable growth by capitalizing on market reversals.
$34,992.45
-1R
-$200
$34,588.78
0 - Breakeven
$0
$34,551.33
0 - Breakeven
$0
$34,412.46
0 - Breakeven
$0
$34,268.86
2.3R
$460
Total Profit:
2.3R
$260
Traditional Techniques: Leverage your knowledge and experience with traditional charting techniques, including Support/Resistance, Candle Patterns, Volume Analysis, Chart Patterns, and more.
Synergy: Achieve synergy by combining JESTER precision with well-established trading techniques, enhancing your overall trading strategy.
Again using BTC as an example.
Using BTC as an example, let's assume an initial account size of $10,000 USD, with a willingness to risk $500 (or 5%) per position.
In this example, we selectively consider signals that meet specific criteria. We ignore ALL signals that are not confirmed with volume or those not in proximity to a higher time frame support/resistance level. Only signals validated by volume or found within a designated zone are considered, ensuring a meticulous approach to trading.
Ultimately, this trade is executed, moving from one support level to the next, while disregarding low-volume reversal points.
$34,268.86
5R
$2500
Total Profit:
5R
$2500
