Trading with DaviddTech
The video compares Market Cipher B and Vu Manchu, both indicators for trading strategies. The narrator backtests them using Botify and notes their similarities in features. Market Cipher B is more expensive, but he offers a code to get a discount and an affiliate link. The narrator also gives credit to the original creator of the Wave Trend feature. He plans to share profitable setups using Market Cipher B and how to connect it with bots.
Market Cipher B vs Voo Manchu: Which Trading Indicator is Better?
Introduction
Trading strategies are crucial for successful trading, but with so many indicators available, it can be a daunting task to choose the most effective. In this article, we will compare two popular indicators, Market Cipher B and Voo Manchu, to determine which one is the best. We will also explore the features of both indicators and backtest them using Botify, a tool that enables traders to connect trading strategies to bots without relying on signals from third-party websites.
Market Cipher B
Market Cipher B is a premium trading indicator sold at marketciphertrading.com. It is known for its unique features, including the blue wave structure, which uses a lighter wave and darker wave to signify short and long entries, respectively. The indicator also has green and red dots that signal crossovers between the two waves and a money flow index that tracks the flow of money going in and out of a cryptocurrency. Market Cipher B is priced competitively and offers several plans, including a lifetime plan that costs $1500.
Voo Manchu
Voo Manchu is an open-source trading indicator that traders can access and use for free. Created by CryptoScreener, Voo Manchu features a blue wave structure like Market Cipher B, which uses a lighter and darker wave to signify short and long entries, respectively. It also has green and red dots that signal crossovers between the two waves and a money flow index that tracks the flow of money in and out of a cryptocurrency.
Comparing Market Cipher B and Voo Manchu
On the surface, Market Cipher B and Voo Manchu look very similar, with their blue wave structure and money flow index. However, Market Cipher B has some slight differences, including its emphasis on the money flow index, which Crypto Face, the owner of Market Cipher B, considers one of his favorite parts of the indicator. The pricing of Market Cipher B is another factor that sets it apart from Voo Manchu, which is available for free.
Backtesting with Botify
To determine which indicator is better, we used Botify to backtest them on several cryptocurrency pairs, including Bitcoin, Ethereum, and Litecoin. We looked for a breakout indicator, where price breaks previous highs or lows, to take entries with confirmation. We found that both indicators provided similar results, with slight differences in the number of profitable trades. However, we did not find enough of a difference to justify the cost of Market Cipher B over Voo Manchu.
Connecting Market Cipher B to Botify
If you want to use Market Cipher B with Botify, you can connect the two without any coding skills required. Botify allows traders to set up a full backtesting plan without relying on signals from third-party websites. This means you can create automated trading bots that use Market Cipher B to take entries, reducing the risk of missing profitable trades.
Conclusion
After comparing Market Cipher B and Voo Manchu, we found that both indicators provide similar results, with slight differences in the number of profitable trades. While Market Cipher B offers unique features, including the emphasis on the money flow index, we did not find enough of a difference to justify the cost over Voo Manchu, which is available for free. However, if you decide to use Market Cipher B, connecting it to Botify can help automate your trading strategy and reduce the risk of missing profitable trades.
