How to Select the Best Alarm for Mid/Long Term Investments?

Mid- and long-term investments require well-timed and efficient market entry and exit points. This tutorial will guide you through selecting the best alarm setup for mid/long-term investments using TradingView, Sentrix, and a combination of indicators and alarms. By the end of this guide, you'll understand how to analyze alarm performance and determine the best strategies for your portfolio.

Table of Contents

1. Understanding Mid/Long-Term Investment Strategies

2. Setting Up TradingView for Mid/Long-Term Monitoring

3. Sentrix Engine: Introduction and Configuration

4. Alarm Selection Criteria for Long-Term Trades

5. Step-by-Step Guide to Creating Efficient Alarms

6. Analyzing Alarm Performance for Optimal Strategy

7. Conclusion

1. Understanding Mid/Long-Term Investment Strategies

Mid/long-term investments typically focus on capturing larger market movements over weeks, months, or even years. The aim is to identify significant trends and capitalize on market swings rather than minor fluctuations. When setting up alarms, the key is to:

• Use high timeframes (e.g., 12h, 1D, 1W) to analyze market structure.

• Focus on entry/exit points where significant price reversals or continuations occur.

Key Focus Areas:

• Trend continuation: Buy during confirmed uptrends and sell at the peak.

• Trend reversal: Look for major market structure shifts.

• Consolidation breakouts: Identify key consolidation zones that may lead to breakouts.

2. Setting Up TradingView for Mid/Long-Term Monitoring

To select the best alarms for mid/long-term investments, you need to set up TradingView to effectively monitor the market and trigger alerts when specific conditions are met.

Steps:

1. Apply Indicators: Use high timeframes (12h, 1D)

2. Set Up a Clear Chart Layout: Organize your charts with multiple assets (e.g., Bitcoin, Ethereum, Binance Coin) so that you can monitor multiple markets at once.

3. Enable Multi-Timeframe Analysis: Use multiple timeframes to confirm signals across different charts (e.g., combining 12h and 1D views).

3. Sentrix Engine: Introduction and Configuration

Sentrix Engine v100 is a powerful tool designed to dynamically scan thousands of trading strategies and select the optimal one based on real-time data. For mid/long-term investments, we will use it to identify the best time to enter or exit trades.

Key Features:

• Multi-timeframe strategy scanning

• Real-time performance analysis

• Customizable alerts based on optimal strategy selection

Steps to Configure Sentrix:

1. Apply the Sentrix Engine to your selected assets on TradingView.

2. Configure the parameters based on long-term investment goals (e.g., use a 12h or 1D timeframe).

3. Label key metrics such as winning streaks, total trades, and drawdown limits to ensure you are selecting strategies with low risk and high reward potential.

4. Alarm Selection Criteria for Long-Term Trades

Choosing the right alarm can be the difference between maximizing your profit or missing out on key market moves. Here are the key criteria to consider when setting up alarms for mid/long-term investments:

Criteria for Best Alarm Selection:

1. Timeframe: For mid/long-term investments, alarms should be set on higher timeframes (12h, 1D, or even 1W). This helps avoid market noise and focuses on significant price movements.

2. Winning Percentage: Set alarms only on strategies with a high win percentage (ideally over 70%) to increase the probability of success.

3. Drawdown Limits: Ensure that the alarm is connected to a strategy with a controlled drawdown (the amount of capital lost from peak to trough).

5. Step-by-Step Guide to Creating Efficient Alarms

Here is a step-by-step guide to creating alarms based on the above criteria using Sentrix Engine and TradingView:

Step 1: Analyze Strategy Data

• As seen in the image, use Sentrix Engine to display strategy performance. Look for:

  • Winning streaks

  • Drawdown limits

  • Total trades and Win %

  • Ensure that you choose a strategy that shows consistency in returns and low drawdowns.

Step 2: Create an Alarm

1. Open TradingView and select the asset (e.g., BTC/USDT, ETH/USDT) you want to trade.

2. Apply the Sentrix Engine.

3. Click on the alarm icon and select Create Alert.

4. Configure the alarm as follows:

   • Condition: Choose the strategy condition (e.g., when the Sentrix Engine signals a buy/sell).

   • Webhook URL: Enter your Hyperforge or other trading bot webhook URL to automate trades.

   • Notifications: Ensure that you receive alerts via email or app.

Step 3: Choose the Best Performing Alarm

• Based on Sentrix’s performance metrics, choose alarms with:

  • High win rates (above 70%).

  • Low drawdown (preferably below 5%).

  • Consistency across at least 6 months of backtested data.

6. Analyzing Alarm Performance for Optimal Strategy

Once you've set up your alarms, the next step is to monitor their performance and adjust them as needed.

Key Performance Metrics:

1. Winning Percentage: Track how often your alarmed strategy results in a successful trade.

2. Drawdown: Ensure your chosen alarm doesn’t lead to significant capital loss during corrections.

3. Trade Frequency: If your alarm triggers too often, consider switching to higher timeframes.

Use the TradingView Strategy Tester to backtest how your alarms have performed historically. Adjust the alarm criteria if necessary to improve performance.

7. Conclusion

Setting the best alarm for mid/long-term investments requires careful analysis of strategy performance, selection of the right indicators, and creating efficient alarm conditions. Using tools like TradingView, Sentrix Engine, and automated trading bots (like Hyperforge) ensures that your mid/long-term investments are based on data-driven decisions and well-timed entries/exits.

By following this guide and continually analyzing your alarm performance, you'll be better positioned to capture larger market movements while managing risk effectively.