Philakones EMAs are a sequence of five fibonacci EMAs. They range from 55 candles (green) to 8 candles (red) in length. A strong trend or breakout is marked by the emas appearing in sequence of their length from 8 to 55 or vice versa. These EMAs are also used to signal an exit. Only two EMAs are used for exit signals - when the 13 EMA crosses over/under the 55 EMA.
RSI gives a bullish signal when 40 > rsi > 70. Exit signals are oversold (30) or overbought (70)
Stochastics give a bullish signal when stoch < 80 and an exit signal when > 95.
Results include 3 ticks of slippage and taker fees of .002. Provides a pretty smooth equity curve with a 73% win rate and beats buy and hold by than 10x (returns about 60x overall) since start of 2017.
In your script you set commission value to .0020%. However on bitfinex, taker fee is .200%. Was there a reason for this?
joepegler
⋅
@bh2358, Oversight. Makes a big difference. Sigh. Back to the drawing board
mbouy
⋅
@joepegler, congrats for making #1 result for google search 'profitable tradingview strategy'. I'm glad these comments are here. You say 'back to the drawing board, but this is your last post, right?
capriole_charles
⋅
@mbouy, no, I tested it with 0.12% fees on BTC. Expect less than ~1/5 the return of BTC "buy and hold over last 2 years, and >50% draw downs.
everwelwisher
⋅
Please explain blue, purple and red arrows ?
benben20
⋅
Hello,
Great script, thanks.
I'd be interested in having only the buy and sell signals, and have all the purple / exit ignored.
Can you help me on that please ? What would I need to delete / add in the code ?
I tried to delete all exit conditions, but it doesn't work.
Thanks a lot ;)
Cheers
bcall2755
⋅
@joepegler What is the default for the recalculate option and how does that work compared to "After Order is Filled"? Just trying to understand the Strategy Tester portion