Slark Signal XtremeStrategy Description: Slark Signal Xtreme
The Slark Signal Xtreme is an innovative trading strategy designed to identify and capitalize on market opportunities by leveraging pivots, trend breakouts, and dynamic risk management. This strategy combines day-of-week and time filters with a ticks-based Stop Loss (SL) and Take Profit (TP) system, delivering customized signals and real-time alerts. Ideal for traders seeking a structured and highly customizable approach, Slark Signal Xtreme also incorporates advanced visual tools for efficient trade management.
Key Features:
Pivot- and Breakout-Based Signals: Utilizes pivot detection (highs/lows) combined with an ATR-based slope calculation to pinpoint trend changes and potential entry or exit points.
Dynamic Stop-Loss (SL) and Take-Profit (TP) Levels: Automatically calculates SL and TP based on the entry price and user-defined tick settings, adapting to volatility and optimizing risk management.
Time and Day Filters: Allows you to select specific days of the week and trading sessions during which signals are generated, avoiding low-liquidity periods or unwanted high volatility.
Customizable Risk Management: Lets you define the number of ticks for SL and TP, trading hours, initial capital, pyramiding, and commissions, tailoring the strategy to various risk profiles and assets.
Enhanced Visualization:
- SL and TP Boxes: Displays rectangular boxes on the chart indicating SL and TP levels, streamlining trade management.
- Candle Color Changes: Candles can be colored according to price position relative to pivot lines (bullish, bearish, or neutral).
- Session Highlight: Shades the chart background during the selected trading hours, providing immediate context on when the strategy is active.
Automated Alerts: Generates customizable alerts in TradingView whenever a buy or sell signal is triggered, detailing the timing, instrument, and SL/TP levels.
How the Strategy Works:
Technical Indicator Calculations:
- Pivot High/Low and Slope: Identifies price pivot points and calculates slope (based on ATR) to measure trend strength.
- Time and Day Filters: Signals only trigger within the specified days and hours, helping avoid undesirable market conditions.
Generating Buy and Sell Signals:
- Buy Signal (Long): Activated when price breaks above a downward pivot-based trendline or meets the condition for higher pivots.
- Sell Signal (Short): Activated when price breaks below an upward pivot-based trendline or meets the condition for lower pivots.
- Operation Conditions: Signals are only generated on selected days and during chosen trading hours, avoiding periods of low liquidity or excessive volatility.
Dynamic SL and TP Calculation:
- Stop-Loss (SL) and Take-Profit (TP): Determined by the entry price ± a user-defined number of ticks.
- SL and TP Visualization: Boxes are drawn on the chart from the entry price to SL/TP levels, enabling clear visual reference for trade management.
Order Execution and Alerts:
- Order Execution: When a signal is generated, Slark Signal Xtreme automatically opens a long or short position in TradingView’s backtesting environment.
- Alerts: Customizable alerts can be set up to provide real-time notifications (via TradingView or third-party integrations), offering essential details like instrument, time, SL/TP, etc.
Trade Management and Monitoring:
- Automatic Closure: Each trade is automatically closed upon reaching its SL or TP, ensuring disciplined risk control.
- Trade Summary: TradingView’s built-in reporting tools list all trades with cumulative results, simplifying performance evaluation.
Additional Visualization:
- Candle Coloring by Trend: Candles can be colored bullish, bearish, or neutral based on the pivot-driven trend detection.
- Operational Range Highlighting: The chart background is shaded during the permitted trading hours, clarifying when the strategy is active and enhancing visibility.
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Strategy Properties (Important)
This backtest was conducted in TradingView under the following configuration:
Initial Capital: 1000 USD
Order Size: 10,000 contracts (adjust according to the traded asset)
Commission: 0.05 USD per order
Slippage: 1 tick
Pyramiding: 1 order
Price Verification for Limit Orders: 0 ticks
Recalculate on Every Tick & On Bar Close: Enabled
Bar Magnifier for Backtesting Precision: Enabled
These properties provide a realistic view of the strategy’s performance. However, default parameters may vary depending on each user or market:
Order Size: Should be calculated according to the asset traded and your desired risk level.
Commission and Slippage: Costs can vary by market and instrument; there is no universal default that guarantees realistic results.
All users are strongly recommended to adjust these properties within the script settings to match their own trading accounts and platforms, ensuring the most accurate backtest results.
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Backtesting Results:
- Net Profit: +28.70
- Total Trades: 397
- Winning Trades: 138
- Win Rate: 34.76%
- Profit Factor: 1.07
- Sharpe Ratio: 1.25
- Sortino Ratio: 1.45
- Average Bars per Trade: 24
- Average Profit per Trade: 1.45
These numbers provide an overview of the strategy’s historical performance, demonstrating its potential for profitability given appropriate risk management.
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Interpretation of Results:
- The strategy can be profitable despite a relatively modest win rate, thanks to a suitable risk-reward ratio.
- A profit factor of 1.07 indicates that total profits slightly exceed total losses.
- It is essential to monitor drawdown and ensure it aligns with your personal risk tolerance.
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Risk Warning:
Trading leveraged financial instruments carries a high level of risk and may not be suitable for all investors. Before trading, carefully consider your investment objectives, experience level, and risk tolerance. Past performance does not guarantee future results. Always perform additional testing and adjust the strategy to your specific needs.
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What Makes This Strategy Original?
Focus on Pivots and Time/Day Filters: Rather than purely relying on momentum indicators, Slark Signal Xtreme uses pivot-based signals and scheduling filters to capture higher-liquidity, directional market moves.
Dynamic Risk Management: Ticks-based SL/TP and customizable trading sessions enable precise adaptation to various markets and trading styles.
Advanced Visualization Tools: SL/TP boxes, candle coloring, and session highlights streamline market interpretation and facilitate real-time decision-making.
Seamless Alert Integration: Although native TradingView alerts are provided, it can be integrated with third-party messaging services (Telegram, Discord, etc.) for enhanced automation.
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Additional Considerations
Continuous Testing and Optimization: Regularly backtest and fine-tune parameters (SL, TP, time filters, etc.) to accommodate changing market conditions.
Complementary Analysis: Combine this strategy with other technical or fundamental tools to confirm signals.
Rigorous Risk Management: Ensure SL/TP levels and position sizes conform to your overall risk management plan.
Updates and Support: Future updates and improvements may be released based on community feedback. For questions or suggestions, feel free to reach out.
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Example Configuration
Assume you want to run Slark Signal Xtreme with these settings:
Trading Days: Monday to Friday
Trading Hours: 8:00 to 11:00 (exchange or broker time)
Stop Loss (SL) in Ticks: 100
Take Profit (TP) in Ticks: 300
SL/TP Box Extension: 20 bars
Initial Capital: 1000 USD
Risk per Trade: 1% of capital
Commissions & Slippage: 0.05 USD commission, 1 tick slippage
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Conclusion
The Slark Signal Xtreme strategy delivers a robust and adaptable solution by merging pivots, time/day filters, flexible risk parameters, and advanced visualization. Its distinctive and customizable design makes it a powerful resource for traders aiming to diversify their methods and exploit trend breakouts under specific conditions. Fully compatible with TradingView, Slark Signal Xtreme can enhance your trading toolkit and foster a more systematic approach to your operations.
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Final Disclaimer:
Financial markets are inherently volatile and pose significant risks. This strategy should be employed as part of a comprehensive trading plan and does not guarantee positive outcomes. Always consult a qualified financial advisor before making investment decisions. The use of Slark Signal Xtreme is solely at the user’s discretion, who must evaluate personal risk tolerance and financial objectives.
E-signal
Volatility Momentum Breakout StrategyDescription:
Overview:
The Volatility Momentum Breakout Strategy is designed to capture significant price moves by combining a volatility breakout approach with trend and momentum filters. This strategy dynamically calculates breakout levels based on market volatility and uses these levels along with trend and momentum conditions to identify trade opportunities.
How It Works:
1. Volatility Breakout:
• Methodology:
The strategy computes the highest high and lowest low over a defined lookback period (excluding the current bar to avoid look-ahead bias). A multiple of the Average True Range (ATR) is then added to (or subtracted from) these levels to form dynamic breakout thresholds.
• Purpose:
This method helps capture significant price movements (breakouts) while ensuring that only past data is used, thereby maintaining realistic signal generation.
2. Trend Filtering:
• Methodology:
A short-term Exponential Moving Average (EMA) is applied to determine the prevailing trend.
• Purpose:
Long trades are considered only when the current price is above the EMA, indicating an uptrend, while short trades are taken only when the price is below the EMA, indicating a downtrend.
3. Momentum Confirmation:
• Methodology:
The Relative Strength Index (RSI) is used to gauge market momentum.
• Purpose:
For long entries, the RSI must be above a mid-level (e.g., above 50) to confirm upward momentum, and for short entries, it must be below a similar threshold. This helps filter out signals during overextended conditions.
Entry Conditions:
• Long Entry:
A long position is triggered when the current closing price exceeds the calculated long breakout level, the price is above the short-term EMA, and the RSI confirms momentum (e.g., above 50).
• Short Entry:
A short position is triggered when the closing price falls below the calculated short breakout level, the price is below the EMA, and the RSI confirms momentum (e.g., below 50).
Risk Management:
• Position Sizing:
Trades are sized to risk a fixed percentage of account equity (set here to 5% per trade in the code, with each trade’s stop loss defined so that risk is limited to approximately 2% of the entry price).
• Stop Loss & Take Profit:
A stop loss is placed a fixed ATR multiple away from the entry price, and a take profit target is set to achieve a 1:2 risk-reward ratio.
• Realistic Backtesting:
The strategy is backtested using an initial capital of $10,000, with a commission of 0.1% per trade and slippage of 1 tick per bar—parameters chosen to reflect conditions faced by the average trader.
Important Disclaimers:
• No Look-Ahead Bias:
All breakout levels are calculated using only past data (excluding the current bar) to ensure that the strategy does not “peek” into future data.
• Educational Purpose:
This strategy is experimental and provided solely for educational purposes. Past performance is not indicative of future results.
• User Responsibility:
Traders should thoroughly backtest and paper trade the strategy under various market conditions and adjust parameters to fit their own risk tolerance and trading style before live deployment.
Conclusion:
By integrating volatility-based breakout signals with trend and momentum filters, the Volatility Momentum Breakout Strategy offers a unique method to capture significant price moves in a disciplined manner. This publication provides a transparent explanation of the strategy’s components and realistic backtesting parameters, making it a useful tool for educational purposes and further customization by the TradingView community.
Ultimate Stochastics Strategy by NHBprod Use to Day Trade BTCHey All!
Here's a new script I worked on that's super simple but at the same time useful. Check out the backtest results. The backtest results include slippage and fees/commission, and is still quite profitable. Obviously the profitability magnitude depends on how much capital you begin with, and how much the user utilizes per order, but in any event it seems to be profitable according to backtests.
This is different because it allows you full functionality over the stochastics calculations which is designed for random datasets. This script allows you to:
Designate ANY period of time to analyze and study
Choose between Long trading, short trading, and Long & Short trading
It allows you to enter trades based on the stochastics calculations
It allows you to EXIT trades using the stochastics calculations or take profit, or stop loss, Or any combination of those, which is nice because then the user can see how one variable effects the overall performance.
As for the actual stochastics formula, you get control, and get to SEE the plot lines for slow K, slow D, and fast K, which is usually not considered.
You also get the chance to modify the smoothing method, which has not been done with regular stochastics indicators. You get to choose the standard simple moving average (SMA) method, but I also allow you to choose other MA's such as the HMA and WMA.
Lastly, the user gets the option of using a custom trade extender, which essentially allows a buy or sell signal to exist for X amount of candles after the initial signal. For example, you can use "max bars since signal" to 1, and this will allow the indicator to produce an extra sequential buy signal when a buy signal is generated. This can be useful because it is possible that you use a small take profit (TP) and quickly exit a profitable trade. With the max bars since signal variable, you're able to reenter on the next candle and allow for another opportunity.
Let me know if you have any questions! Please take a look at the performance report and let me know your thoughts! :)
Phase Cross Strategy with Zone### Introduction to the Strategy
Welcome to the **Phase Cross Strategy with Zone and EMA Analysis**. This strategy is designed to help traders identify potential buy and sell opportunities based on the crossover of smoothed oscillators (referred to as "phases") and exponential moving averages (EMAs). By combining these two methods, the strategy offers a versatile tool for both trend-following and short-term trading setups.
### Key Features
1. **Phase Cross Signals**:
- The strategy uses two smoothed oscillators:
- **Leading Phase**: A simple moving average (SMA) with an upward offset.
- **Lagging Phase**: An exponential moving average (EMA) with a downward offset.
- Buy and sell signals are generated when these phases cross over or under each other, visually represented on the chart with green (buy) and red (sell) labels.
2. **Phase Zone Visualization**:
- The area between the two phases is filled with a green or red zone, indicating bullish or bearish conditions:
- Green zone: Leading phase is above the lagging phase (potential uptrend).
- Red zone: Leading phase is below the lagging phase (potential downtrend).
3. **EMA Analysis**:
- Includes five commonly used EMAs (13, 26, 50, 100, and 200) for additional trend analysis.
- Crossovers of the EMA 13 and EMA 26 act as secondary buy/sell signals to confirm or enhance the phase-based signals.
4. **Customizable Parameters**:
- You can adjust the smoothing length, source (price data), and offset to fine-tune the strategy for your preferred trading style.
### What to Pay Attention To
1. **Phases and Zones**:
- Use the green/red phase zone as an overall trend guide.
- Avoid taking trades when the phases are too close or choppy, as it may indicate a ranging market.
2. **EMA Trends**:
- Align your trades with the longer-term trend shown by the EMAs. For example:
- In an uptrend (price above EMA 50 or EMA 200), prioritize buy signals.
- In a downtrend (price below EMA 50 or EMA 200), prioritize sell signals.
3. **Signal Confirmation**:
- Consider combining phase cross signals with EMA crossovers for higher-confidence trades.
- Look for confluence between the phase signals and EMA trends.
4. **Risk Management**:
- Always set stop-loss and take-profit levels to manage risk.
- Use the phase and EMA zones to estimate potential support/resistance areas for exits.
5. **Whipsaws and False Signals**:
- Be cautious in low-volatility or sideways markets, as the strategy may generate false signals.
- Use additional indicators or filters to avoid entering trades during unclear market conditions.
### How to Use
1. Add the strategy to your chart in TradingView.
2. Adjust the input settings (e.g., smoothing length, offsets) to suit your trading preferences.
3. Enable the strategy tester to evaluate its performance on historical data.
4. Combine the signals with your own analysis and risk management plan for best results.
This strategy is a versatile tool, but like any trading method, it requires proper understanding and discretion. Always backtest thoroughly and trade with discipline. Let me know if you need further assistance or adjustments to the strategy!
Trend Trader-Remastered StrategyOfficial Strategy for Trend Trader - Remastered
Indicator: Trend Trader-Remastered (TTR)
Overview:
The Trend Trader-Remastered is a refined and highly sophisticated implementation of the Parabolic SAR designed to create strategic buy and sell entry signals, alongside precision take profit and re-entry signals based on marked Bill Williams (BW) fractals. Built with a deep emphasis on clarity and accuracy, this indicator ensures that only relevant and meaningful signals are generated, eliminating any unnecessary entries or exits.
Please check the indicator details and updates via the link above.
Important Disclosure:
My primary objective is to provide realistic strategies and a code base for the TradingView Community. Therefore, the default settings of the strategy version of the indicator have been set to reflect realistic world trading scenarios and best practices.
Key Features:
Strategy execution date&time range.
Take Profit Reduction Rate: The percentage of progressive reduction on active position size for take profit signals.
Example:
TP Reduce: 10%
Entry Position Size: 100
TP1: 100 - 10 = 90
TP2: 90 - 9 = 81
Re-Entry When Rate: The percentage of position size on initial entry of the signal to determine re-entry.
Example:
RE When: 50%
Entry Position Size: 100
Re-Entry Condition: Active Position Size < 50
Re-Entry Fill Rate: The percentage of position size on initial entry of the signal to be completed.
Example:
RE Fill: 75%
Entry Position Size: 100
Active Position Size: 50
Re-Entry Order Size: 25
Final Active Position Size:75
Important: Even RE When condition is met, the active position size required to drop below RE Fill rate to trigger re-entry order.
Key Points:
'Process Orders on Close' is enabled as Take Profit and Re-Entry signals must be executed on candle close.
'Calculate on Every Tick' is enabled as entry signals are required to be executed within candle time.
'Initial Capital' has been set to 10,000 USD.
'Default Quantity Type' has been set to 'Percent of Equity'.
'Default Quantity' has been set to 10% as the best practice of investing 10% of the assets.
'Currency' has been set to USD.
'Commission Type' has been set to 'Commission Percent'
'Commission Value' has been set to 0.05% to reflect the most realistic results with a common taker fee value.
FreedX Backtest Plus█ Our new FreedX Backtest PLUS template enhances TradingView backtesting with smart features like Mean Reversion, Flexible Volatility, Liquidation Filter, and Better Trend Filtering, making strategies more effective. It lets users set up automated alerts easily. This guide explains how to make the most of these improved features.
The Trading Date Settings feature in our TradingView script allows you to refine their backtesting parameters by specifying trading dates and hours. This feature enhances the accuracy of the backtest by aligning it with specific time frames and days, ensuring that the strategy is tested under relevant market conditions.
Features:
⚙️ Enable Trading Between Specific Dates:
🎯 Purpose:
→ Allows you to limit the backtesting of their strategy to a specific date range.
💡 How to Use:
→ Input the Start Date and End Date for the backtest period.
→ The script will execute the strategy only within this specified date range.
⚙️ Enable Trading Between Specific Hours:
🎯 Purpose:
→ Allows you to limit the backtesting of their strategy to a specific hour range.
💡 How to Use:
→ Input the start and end hour for in Trading Session section.
→ The script will execute the strategy only within this specified hour range.
⚙️ Enable Trading on Specified Days of the Week:
🎯 Purpose:
→ Gives you the option to conduct backtesting on selected days of the week, tailoring the strategy to particular market behaviours that may occur on these days.
💡 How to Use:
→ Select the days of the week for the backtest.
→ The script will activate the trading strategy only on these chosen days.
█ BUY/SELL TRIGGER SETTINGS
The Buy/Sell Trigger Settings feature is designed to provide users with flexibility in defining the conditions for 'LONG' and 'SHORT' signals based on various indicator types. This customization is crucial for tailoring strategies to different trading styles and market conditions.
Features:
⚙️ Single-Line Plotted Indicators :
🎯 Purpose:
→ Enables you to select a single-line plotted indicator as a source for backtesting. You can define specific levels to trigger 'LONG' or 'SHORT' signals.
💡 How to Use:
→ Choose a Single-Line Plotted indicator as the source.
→ Set the top and bottom levels for the indicator.
→ The script triggers 'LONG' signals at the bottom level and 'SHORT' signals at the top level.
⚙️ Two-Line Plotted Indicators :
🎯 Purpose:
→ Allows backtesting with two-line cross plot sources. Signals are generated based on the crossover of these lines.
💡 How to Use:
→ Select two lines as 'Source 1' and 'Source 2' for the indicator.
→ The script triggers a 'LONG' signal when 'Source 1' crosses above 'Source 2'.
→ Conversely, a 'SHORT' signal is triggered when 'Source 2' crosses above 'Source 1'.
⚙️ Custom Signals :
🎯 Purpose:
→ This setting enables users to define their own criteria for LONG, SHORT, and CLOSE signals based on custom indicator outputs.
💡 How to Use:
→ Select the custom source for your signals.
→ Define the output values that correspond to each signal type (e.g., “1” for 'LONG', “-1” for SHORT, and “0” for CLOSE).
→ The script will trigger signals according to these custom-defined values.
█ TP/SL SETTINGS
The TP/SL (Take Profit/Stop Loss) Settings feature is designed to give users control over their profit securing and risk mitigation strategies. This feature allows for setting custom TP and SL levels, which can be critical in managing trades effectively.
Features:
Custom TP/SL Levels for Long/Short Signals:
🎯 Purpose:
→ Enables users to set specific percentage levels for Take Profit and Stop Loss on long and short signals.
💡 How to Use:
→ In the TP/SL Settings, input the desired percentage for Take Profit (TP) and Stop Loss (SL).
→ For example, to secure a profit at a 10% price increase on LONG signals, set the “Long TP Percentage” to “10”.
█ STRATEGY SETTINGS
Strategy Settings provide a range of options to customize the trading strategy. These settings include leverage, position direction changes, and more, allowing users to tailor their strategy to their risk tolerance and market view.
Features:
⚙️ Enable Reverse Position:
🎯 Purpose:
→ Automatically closes a current position and opens a new one in the opposite direction upon detecting a signal for a market trend change.
🎯 Example:
→ If a LONG signal is received while in a SHORT position, the script will close the SHORT position and open a LONG position.
💡 How to Use:
→ Activate this feature in the Strategy Settings.
⚙️ Enable Spot Mode:
🎯 Purpose:
→ Disables short orders, using short signals only for closing long positions.
💡 How to Use:
→ Select the 'Spot Mode' option in the Strategy Settings.
⚙️ Enable Invert Signals:
🎯 Purpose:
→ Inverts all indicator signals, changing LONG signals to SHORT and vice versa.
💡 How to Use:
→ Opt for the 'Invert Signals' feature in the Strategy Settings.
⚙️ Enable Trailing Stop:
🎯 Purpose:
→ Triggers a trailing stop order on the exchange instead of a standard stop market order.
☢️ Caution:
→ The backtesting of this feature on TradingView may not accurately reflect actual strategy performance due to discrepancies between TradingView and exchange mechanisms.
💡 How to Use:
→ Select 'Trailing Stop' in the Strategy Settings.
⚙️ Enable Realistic TP & SL:
🎯 Purpose:
→ Goal is protect the user from unrealistic stop loss and take profit prices in live exchange trading conditions.
→ That feature continuously checks the take profit, stop loss and move stop loss prices to prevent unrealistic values. It changes their values according to (minimum realistic percent %)
💡 How to Use:
→ Select 'Enable Realistic TP & SL' in the Strategy Settings. Write min allowed percents.
█ LIMITER SETTINGS
Limiter Settings provide a range of options to customize the trading strategy. These settings include drawdown limits,contract limit, tradable ratio, for allowing users to tailor their strategy to their risk tolerance and market view.
⚙️ Leverage :
🎯 Purpose:
→ Allows users to apply leverage to their trades.
☢️ Caution:
→ High leverage can significantly increase the risk of liquidation.
→ High leverage and a high stop-loss price may override your fixed stoploss percentage, adjusting the stop-loss to the liquidation price.
💡 How to Use:
→ Set the desired leverage ratio in the Strategy Settings.
⚙️ Drawdown Limit:
🎯 Purpose:
→ Sets a maximum drawdown limit, automatically halting the strategy if this limit is reached, thereby controlling risk.
💡 How to Use:
→ Input the maximum drawdown limit (default: 100, min: 0, max: 100).
⚙️ Contract Limit:
🎯 Purpose:
→ Sets a maximum contract limit, beyond which the compound effect cannot be used. This is important to prevent market manipulation through large-volume orders.
💡 How to Use:
→ Input the maximum contract limit (min: 0).
⚙️ Tradable Ratio:
🎯 Purpose:
→ Sets a tradable ratio, it uses that ratio calculating entry cost for position. Main purpose is cash-out and cash-in according to balance change.
💡 How to Use:
→ Input the tradable ratio percent (default: 98, min: 0.1, max: 100).
█ CASH-OUT SETTINGS
Cash-Out Settings offer a money-saving mechanism that prevents entering positions with the entire balance due to cashed-out funds. It functions with a webhook alerts, but the 'Override Allocation %' option must be enabled.
⚙️ Cash-out Threshold %:
🎯 Purpose:
→ It is cash-out mechanism, it saves money with a target threshold.
💡 How to Use:
→ Input the threshold (min: 0).
⚙️ Cash-out Per Profitable Trades %:
🎯 Purpose:
→ It is cash-out mechanism, it saves money from every trade with a percent like commission.
💡 How to Use:
→ Input save percent% (min: 0).
█ ADAPTIVE VOLATILITY STRATEGY SETTINGS
Advanced Strategy Settings offer sophisticated methods for managing Stop Loss (SL) and Take Profit (TP) using the Average True Range (ATR). These settings are ideal for traders who want to incorporate volatility into their exit strategies.
Features:
⚙️ Enable ATR Stop Loss:
🎯 Purpose:
→ Automatically sets the Stop Loss price using the Average True Range at the time of entry.
💡 How to Use:
→ Activate 'ATR Stop Loss' to have the SL price calculated based on the current ATR.
⛓ Enable ATR Trailing Stop:
→ Dynamically updates the Stop Loss price with each new bar, according to the Average True Range.
→ Activate 'ATR Trailing Stop'.
→ Set the ATR Period to define the number of bars for ATR calculation.
→ Adjust the ATR SL Multiplier to determine the stop loss distance.
→ Modify the ATR TP Multiplier for setting the take profit distance.
⚙️ Enable ATR Take Profit:
🎯 Purpose:
→ Sets the Take Profit price based on the Average True Range at the time of entry.
💡 How to Use:
→ Choose 'ATR Take Profit' for TP price determination using ATR.
⚙️ Enable ATR Limit Entry:
🎯 Purpose:
→ Trade can not open in candle close price. Price should hit target price that based on average true range value.
💡 How to Use:
→ Choose 'ATR Limit Entry' for entry price determination using ATR.
⛓ Enable ATR Limit Entry Trailing Price:
→ Dynamically updates the entry price with each new bar, according to the Average True Range.
→ Activate 'ATR Limit Entry Trailing Price'.
→ Set the ATR Period to define the number of bars for ATR calculation.
→ Adjust the ATR SL Multiplier to determine the stop loss distance.
→ Modify the ATR TP Multiplier for setting the take profit distance.
█ TREND FILTERING SETTINGS
Trend Filtering Settings are designed to align trading strategies with the prevailing market trend, enhancing the precision of trade entries and exits. These settings utilize moving averages for trend analysis and decision-making.
Features:
⚙️ Enable Moving Average Filtering:
🎯 Purpose:
→ Limits trades based on moving average trends, blocking short trades in an uptrend and vice versa.
💡 How to Use:
→ Enable 'Trend Filtering'.
→ Set Fast and Slow MA Lengths for trend analysis.
→ Select the Timeframe for moving averages.
→ Choose the Moving Average Type for trend filtering.
🎯 Note:
→ Be cautious with timeframe selections; lower timeframes than the base may cause inconsistencies.
⛓ Exit on Trend Reversal:
→ Automatically closes a position when a market trend reversal is detected.
→ Turn on 'Exit on Trend Reversal' in the settings.
⛓ Ignore Counter Signals:
→ Ignores counter signals during trending market way.
→ If the trend way is long. All short signals will ignore and vice versa.
⛓ Enable Drawing On Chart:
→ Visually represents the trend filter directly on the chart for easy reference.
→ Activate 'Drawing On Chart' to see the trend filter overlaid on the trading chart.
⚙️ Enable Adx Filtering:
🎯 Purpose:
→ Limits trades based on adx value, blocking trades if trend strength is not enough or vice versa for invert mode.
💡 How to Use:
→ Enable 'Adx Filtering'.
→ Set Smoothing and Lengths for adx trend analysis.
→ Select level barrier for trend strength.
⚙️ Enable Custom Filtering:
🎯 Purpose:
→ Limits trades based on custom sources, blocking trades according to custom trades.
💡 How to Use:
→ Enable 'Custom Filtering'.
→ Select fast source.
→ Select slow source.
→ Enable lag mode.
█ MEAN REVERSION FILTERING SETTINGS
Mean Reversion Filtering Settings are designed to align trading strategies during accumulation market conditions. They set a distance from a line to permit trading. The purpose is to ensure that when the price strays too far from the mean line, it should revert back. In accumulation markets, price movements are generally horizontal. In such situations, mean reversion will operate like a grid, enabling profitable trades with low drawdown. However, when the market structure begins to trend, mean reversion filters may not be as profitable as in accumulation markets. For instance, let's say the price is rising and we are shorting the market until it reaches the mean price line. As the price goes up and the mean also rises, we will end up closing the position at a higher price, rendering the mean reversion system non-profitable. Therefore, consider this filter wisely; greater distances might work better in trending markets.
Features:
⚙️ Enable Kairi Filter:
🎯 Purpose:
→ Blocks trades based on distance percent between price and moving average.
💡 How to Use:
→ Enable 'Kairi Filter'.
→ Set Length and Distance Percent.
⛓ Enable Trend Drawing On Chart:
→ Visually represents the trend filter directly on the chart for easy reference.
→ Enable 'Drawing On Chart' to see the allowed regions overlaid on the trading chart with arrows.
⚙️ Enable VWAP Filter:
🎯 Purpose:
→ Blocks trades based on distance percent between price and volume weighted average price.
💡 How to Use:
→ Enable 'VWAP Filter'.
→ Set Timeframe as minutes and distance as percent.
⛓ Exit on Crossing with VWAP:
→ Automatically closes a position when the closing price of a candle crosses the VWAP.
→ Choose "Enable", 'Exit on Crossing with VWAP' in the settings.
⛓ Enable Drawing On Chart:
→ Visually represents the trend filter directly on the chart for easy reference.
→ Enable 'Drawing On Chart' to see the allowed regions overlaid on the trading chart with arrows.
█ LIQUIDATION FILTER SETTINGS
Liquidation filter compares the volume data of futures and spot markets.
Large differences in volume indicate unexpected market conditions, such as massive trading activities, which may signal liquidations.
Features:
⚙️ Enable Liquidation Filter:
🎯 Purpose:
→ Blocks trades based on extra ordinary volume differences in spot and futures market.
💡 How to Use:
→ Enable 'Liquidation Filter'.
→ Set behavior to react during that market conditions.
→ Set base amount to filter volume. This amount changes according to timeframe, you should find right amounts.
→ Liquidation candle count means, it is sum of liquidated candle count in last 20 bars.If you set 0, it means feature is disabled.
→ Detection, try to select the spot and perpetual symbols automatically, symbol names varies, it do not support all symbols, you should choose manually in that situation.
█ AUTOMATED ALERT SETTINGS
Automated Alert Settings are designed to integrate your TradingView script with webhook alerts. These settings allow for enhanced strategy execution and management.
Features:
Enable Webhook Alerts:
🎯 Purpose:
→ Trigger BUY, SELL, CHANGE_DIRECTION or MOVE_STOP_LOSS .
💡 How to Use:
→ Enable 'Webhook Alerts' in the settings.
→ Enter your Strategy Key.
→ Optionally, activate 'Override Allocation Percentage' to bypass the preset allocation percentage.
☢️ Caution:
→ Overriding the allocation percentage may result in trade entry errors due to misalignment between entry cost and available balance.
Enable Custom Alerts:
🎯 Purpose:
→ User can produce unique messages for different purposes.
💡 How to Use:
→ Enable 'Custom Alerts' in the settings.
→ Enter your message format type.
█ DEBUGGING SETTINGS
Debugging Settings are crucial for users who want to analyze and optimize their strategies. These settings provide tools for visualizing alerts on charts and accessing detailed data outputs.
Features:
⚙️ Enable Alert Plotting:
🎯 Purpose:
→ Allows users to visualize trading alerts directly on the chart, aiding in strategy analysis and refinement.
💡 How to Use:
→ Activate 'Alert Plotting' to draw alerts on the chart.
☢️ Caution:
→ It is recommended to disable this feature when creating actual trading alerts, as it can cause latency in signal processing.
⚙️ Enable Debugger Mode:
🎯 Purpose:
→ Facilitates strategy debugging by providing detailed data output in the TradingView Data Window.
💡 How to Use:
→ Turn on 'Debugger Mode' to access real-time data and metrics relevant to your strategy.
⚙️ Enable Table:
🎯 Purpose:
→ Facilitates strategy debugging by providing detailed data output in the TradingView Table on chart.
💡 How to Use:
→ Turn on 'Table' to access last closed candle data and metrics relevant to your strategy.
█ ADDITIONAL SETTINGS
⚙️ Enable Bar Magnifier
⚙️ Enable Using standard OHLC
Ichimoku Clouds Strategy Long and ShortOverview:
The Ichimoku Clouds Strategy leverages the Ichimoku Kinko Hyo technique to offer traders a range of innovative features, enhancing market analysis and trading efficiency. This strategy is distinct in its combination of standard methodology and advanced customization, making it suitable for both novice and experienced traders.
Unique Features:
Enhanced Interpretation: The strategy introduces weak, neutral, and strong bullish/bearish signals, enabling detailed interpretation of the Ichimoku cloud and direct chart plotting.
Configurable Trading Periods: Users can tailor the strategy to specific market windows, adapting to different market conditions.
Dual Trading Modes: Long and Short modes are available, allowing alignment with market trends.
Flexible Risk Management: Offers three styles in each mode, combining fixed risk management with dynamic indicator states for versatile trade management.
Indicator Line Plotting: Enables plotting of Ichimoku indicator lines on the chart for visual decision-making support.
Methodology:
The strategy utilizes the standard Ichimoku Kinko Hyo model, interpreting indicator values with settings adjustable through a user-friendly menu. This approach is enhanced by TradingView's built-in strategy tester for customization and market selection.
Risk Management:
Our approach to risk management is dynamic and indicator-centric. With data from the last year, we focus on dynamic indicator states interpretations to mitigate manual setting causing human factor biases. Users still have the option to set a fixed stop loss and/or take profit per position using the corresponding parameters in settings, aligning with their risk tolerance.
Backtest Results:
Operating window: Date range of backtests is 2023.01.01 - 2024.01.04. It is chosen to let the strategy to close all opened positions.
Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks.
Maximum Single Position Loss: -6.29%
Maximum Single Profit: 22.32%
Net Profit: +10 901.95 USDT (+109.02%)
Total Trades: 119 (51.26% profitability)
Profit Factor: 1.775
Maximum Accumulated Loss: 4 185.37 USDT (-22.87%)
Average Profit per Trade: 91.67 USDT (+0.7%)
Average Trade Duration: 56 hours
These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters. Backtest is calculated using deep backtest option in TradingView built-in strategy tester
How to Use:
Add the script to favorites for easy access.
Apply to the desired chart and timeframe (optimal performance observed on the 1H chart, ForEx or cryptocurrency top-10 coins with quote asset USDT).
Configure settings using the dropdown choice list in the built-in menu.
Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}}
Disclaimer:
Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation
Boftei's StrategyI wrote this strategy about a year ago, but decided to publish it just now. I have not been able to implement this strategy in the market. If you can, then I will be happy for you.
This strategy is based on my "Botvenko Script". (It finds the difference between the logarithms of closing prices from different days.) (Check this script in my profile)
Then the strategy makes trades when the "Botvenko Script" indicator crosses the levels set earlier and manually selected for each currency pair/shares: long/short opening/closing levels, long/short re-entry levels. (They are drawn with horizontal dotted lines.) The names of these lines are: buy/sell level, long/short retry - too low/high, long close up/down, dead - close the short. Manual selection of each of the parameters provides a qualitative entry of the strategy into the deal. However, without restraining mechanisms, the strategy enters into rather controversial deals. In order to avoid going long/short during bear/bull markets, which is unacceptable, I added a fan of EMA lines.
The fan consists of several EMA lines, which are set according to Fibonacci numbers (21, 55, 89, 144). If the lines in the fan are arranged in ascending order (ema_21>ema_55 and ema_55>ema_89 and ema_89>ema_144), then this indicates a bull market, during which I banned shorting. And vice versa: during the bear market (ema_21<ema_55 and ema_55<ema_89 and ema_89<ema_144) I banned long trading. If these two inequalities are not met, then this indicates that the market is flat, and during it it is allowed to enter any transactions, because a flat is a good moment to catch massive movements in the future by entering a transaction. (This is all visualized using semi-transparent thick lines of green, yellow and red colors.)
By default, all parameters are adjusted for the btc/usd (bitstamp) pair. Best of all, the strategy shows itself if 1 candle = 1 day.
At the time of writing, on the pair btcusd (bitstamp) (1d) with pyramiding = 1, the strategy shows a profit of 64728896%. If pyramiding is increased by 1, then the profit will be greater, but I still prefer pyramiding = 1.
There is a possibility that my strategy is doing complete nonsense. I don't vouch for her.
If you select parameters for other pairs of currencies/stocks, then you should not change anything in the fan of lines.
That's all, probably.
Alex trading stragedyOverview
This script, named "ALEX TRADING STRATEGY", is a technical trading strategy designed for new investing groups. It uses a combination of various technical indicators to identify potential buying and selling opportunities in the market. The script includes the Relative Strength Index (RSI), Simple Moving Averages (SMA), Exponential Moving Averages (EMA), and Higher High Lower Low (HHLL) strategies to create a complete trading solution.
The user can change the position from long to short in the Input Settings. The script uses bar colors to indicate the current trading position. The script also has exit strategies to help manage the open trades. The user can also set the period for the various indicators used in the strategy.
The script provides various technical indicators and entry/exit signals to make the trading decision easier for the user. It also includes pivot lines, resistance and support levels to help the user make a more informed decision.
This Pine script implements a multi-indicator trading strategy that combines several technical analysis techniques for making trading decisions. The script uses the Relative Strength Index (RSI) to determine overbought and oversold conditions in the market and plots the RSI values on the chart. The RSI values above 70 are considered overbought and plotted as red upward triangles, while the RSI values below 30 are considered oversold and plotted as green downward triangles.
The script also calculates Simple Moving Averages (SMAs) with the user-defined period and plots them along with the Exponential Moving Averages (EMAs) of 20, 50, and 100 periods. Based on the crossover of the close price and the moving averages, the script enters long or short trades. The script sets the trade exit conditions as the low or high crossing the lower or upper band, respectively.
In addition to the moving average crossover, the script uses the highest high and lowest low over a user-defined period to determine long and short entries. The script plots the long and short conditions on the chart as green upward and red downward triangles, respectively. The script allows the user to switch between long and short trades by changing the input settings.
Finally, the script changes the bar colors based on the trade direction, with green bars indicating a long trade, red bars indicating a short trade, and blue bars indicating no trade. Overall, this Pine script provides a comprehensive trading strategy that combines several technical analysis techniques to make informed trading decisions.
HOW TO USE
Input Settings: In the Input Settings section, you can change the long to short position. You can also change the period value (default is 10) used to calculate the Simple Moving Average (SMA) for the Keltner channel.
Indicators: The script uses RSI (Relative Strength Index) with 14 periods as well as multiple EMAs (Exponential Moving Averages) with periods 20, 50, and 100 to help in making trading decisions.
Entry Signals: The script uses two main entry signals: (1) Keltner Channel and (2) HHLL (High-Low). When the closing price crosses above the upper band of the Keltner channel, the script generates a long signal, and when the closing price crosses below the lower band of the Keltner channel, the script generates a short signal. The HHLL strategy generates a long signal when the current high crosses above the highest high of the last "nPeriod" bars, and generates a short signal when the current low crosses below the lowest low of the last "nPeriod" bars.
Exit Signals: The script uses two exit signals: (1) Stop Loss based on Keltner channel and (2) Profit Target based on Keltner channel. The script exits the long position when the closing price crosses below the lower band of the Keltner channel, and the script exits the short position when the closing price crosses above the upper band of the Keltner channel.
To use this script, you will need to have access to a trading platform that supports PineScript, such as TradingView, and attach the script to a chart. The script will then automatically generate entry and exit signals based on the rules described above. It's important to note that this script is just a tool and not a guarantee of profit. As with any trading strategy, it's important to thoroughly test and understand the script before using it for live trading.
Trend Movement S1-TMIdea:
This script combines: Moving Average (MA), Directional Movement (DMI), MACD
When condition of long or short position from all mentioned indicator are met script opens position. Once trend changes, it closes the position.
Then add some filter conditions to avoid noise.
Concept:
(Note that we take the close to get the closing price)
-Using only cross up down with MA will give a reversal point, but the downside is that it can be noisy.
-MACD will show the current trend detected by cross point.
-Then the +DI , -DI , ADX values are taken into account to confirm the price direction and movement strength.
-This strategy solves this problem by combining 2 more moving averages called 2 trend lines 1 long and 1 short. When the short line crosses up, it will show that the price trend is increasing (at this time the background between these 2 lines will be green) and vice versa (red). To determine if the current trend is bullish or bearish . This will avoid buying when price tend to go down.
-However, there will be many points where some more complex logic is needed. It will add conditions and calculate the probabilities before triggering the signals (You can see them through the item symbols B1, B2, ... ).
How it works:
1. The thin line is stand for short term moving average, and the thick line is stand for long term moving average.
If thin lines cross the thick lines, their color and background will turn green, the price is tend to go up (Uptrend).
If thin lines cross down thick lines, their color and background will turn red, the price is tend to go down (Downtrend).
2. Ability to check the checkbox in setting to show the Golden/De*ath cross.
The yellow symbol "+" is the Golden cross.
The black symbol "+" is the De*th cross.
3. Buy and Sell are show clearly on strategy as the buy and sell point. The default source from bar is CLOSE
4. Setting "Buy only" it using for spot market.
5. When "Not buy in down trend" is checked, it will not trigger buy when in down trend (thin lines cross down thick lines like description in 1.)
6. Setting High spread will call Close buy when it match the High spread bar with the High spread % value
7. It provides setting "Back test From date/To date" for backtest feature. You can set "BacktestFrom date" as the begin of test period. If check box "Using To Date" is check: "Backtest To Date" will be the end of test period.
Suitable time frames:
4h, 1D, 1W
* Please note that this logic does not attempt to predict future prices or 100% accurate signal; Strategy Tester are available to test the profitability of this strategy.
(INVITE ONLY indicator. Please direct message or visit website to try it out)
Hope you guys enjoy!
Examples:
BTCUSD 4H
TSLA 4H
Davin's 10/200MA Pullback on SPY Strategy v2.0Strategy:
Using 10 and 200 Simple moving averages, we capitalize on price pullbacks on a general uptrend to scalp 1 - 5% rebounds. 200 MA is used as a general indicator for bullish sentiment, 10 MA is used to identify pullbacks in the short term for buy entries.
An optional bonus: market crash of 20% from 52 days high is regarded as a buy the dip signal.
An optional bonus: can choose to exit on MA crossovers using 200 MA as reference MA (etc. Hard stop on 50 cross 200)
Recommended Ticker: SPY 1D (I have so far tested on SPY and other big indexes only, other stocks appear to be too volatile to use the same short period SMA parameters effectively) + AAPL 4H
How it works:
Buy condition is when:
- Price closes above 200 SMA
- Price closes below 10 SMA
- Price dumps at least 20% (additional bonus contrarian buy the dip option)
Entry is on the next opening market day the day after the buy condition candle was fulfilled.
Sell Condition is when:
- Prices closes below 10 SMA
- Hard stop at 15% drawdown from entry price (adjustable parameter)
- Hard stop at medium term and long term MA crossovers (adjustable parameters)
So far this strategy has been pretty effective for me, feel free to try it out and let me know in the comments how you found :)
Feel free to suggest new strategy ideas for discussion and indicator building
VIPThis indicator is using the modified "SSS".
This strategy uses combined indicators to create LONG entry points, the strategy was first found by saudALThaidy.
How to use: Open your asset and pick a timeframe between 5min and 2hours (recommended: 30min, 45min), the strategy will give entry points itself, you can monitor and take profit manually(recommended), or you can use the exit setup.
exit setup:
Take Profit : close the trade and take profit after the specified percentage from the entry point gets hit.
Use Stop Percentage : if false, trade will be closed if it gets below MA line, if true it will use the next set up.
StopLose Percentage : specify a percentage to close the trade if the asset price goes below it.
Important Notes:
As saudALThaidy states that the strategy must be used with -heiken ashi- candles for the best result.
for best use of the strategy, use (Take Profit = 1,Use Stop Percentage=false) to get every trade, and take profit manually when ever you see the best.
For any notes on the strategy to be edited, or for another strategies ideas please comment.
No-lose trading targets (Based on EoRfA) By Mustafa ÖZVERI simulated the NLTTa_EoRfA indicator with the Bitcoin-USD
For details about the indicator, visit my profile on tradingview
For Simulation, with default settings, we order
When on Long setup and price on green area
- open a long position that closes on red area
When on Short setup and price on red area
- open a short position that closes on green area
And we got
- about 15% profit
But only this value can not guarantee good results for trading. BE CAREFUL
Jaws Mean Reversion [Strategy]This very simple strategy is an implementation of PJ Sutherlands' Jaws Mean reversion algorithm. It simply buys when a small moving average period (e.g. 2) is below
a longer moving average period (e.g. 5) by a certain percentage and closes when the small period average crosses over the longer moving average.
If you are going to use this, you may wish to apply this to a range of investment assets using a screener for setups, as the amount signals are low. Alternatively, you may wish to tweak the settings to provide more signals.
Context can be found here:
LINK
72s Strat: Backtesting Adaptive HMA+ pt.1This is a follow up to my previous publication of Adaptive HMA+ few months ago, as a mean to provide some kind of initial backtesting tools. Which can be use to explore many possible strategies, optimise its settings to better conform user's pair/tf, and hopefully able to help tweaking your general strategy.
If you haven't read the study or use the indicator, kindly go here first to get the overall idea.
The first strategy introduce in this backtest is one most basic already described in the study; buy/sell is when movement is there and everything is on the right side; When RSI has turned to other side, we can use it as exit point (if in profit of course, else just let it hit our TP/SL, why would we exit before profit). Also, base on RSI when we make entry, we can further differentiate type of signals. --Please check all comments in code directly where the signals , entries , and exits section are.
Second additional strategy to check; is when we also use second faster Adaptive HMA+ for exit. So this is like a double orders on a signal but with different exit-rule (/more on this on snapshots below). Alternatively, you can also work the code so to only use this type of exit.
There's also an additional feature which you can enable its visuals, the Distance Zone , is to help measuring price distance to our xHMA+. It's just a simple atr based envelope really, I already put the sample code in study's comment section, but better gonna update it there directly for non-coder too, after this.
In this sample I use Lot for order quantity size just because that's what I use on my broker. Also what few friends use while we forward-testing it since the study is published, so we also checked/compared each profit/loss report by real number. To use default or other unit of measurement, change the entry code accordingly.
If you change your order size, you should also change the commission in Properties Tab. My broker commission is 5 USD per order/lot, so in there with example order size 0.1 lot I put commission 0.5$ per order (I'll put 2.5$ for 0.5 lot, 10$ for 2 lot, and so on). Crypto usually has higher charge. --It is important that you should fill it base on your broker.
SETTINGS
I'm trying to keep it short. Please explore it further again. (Beginner should also first get acquaintance with terms use here.)
ORDERS:
Base Minimum Profit Before Exit:
The number is multiplier of ongoing ATR. Means that when basic exit condition is met, algo will check whether you're already in minimum profit or not, if not, let it still run to TP or SL, or until it meets subsequent exit condition, then it will check again.
Default Target Profit:
Multiplier of ATR at signal. If reached before any eligible exit condition is met, exit TP.
Base StopLoss Point:
You can change directly in code to use other like ATR Trailing SL, fix percent SL, or whatever. In the sample, 4 options provided.
Maximum StopLoss:
This is like a safety-net, that if at some point your chosen SL point from input above happens to be exceeding this maximum input that you can tolerate, then this max point is the one will be use as SL.
Activate 2nd order...:
The additional doubling of certain buy/sell with different exits as described above. If enable, you should also set pyramiding to at least: 2. If not, it does nothing.
ADAPTIVE HMA+ PERIOD
Many users already have their own settings for these. So in here I only sample the default as first presented in the study. Make it to your adaptive.
MARKET MOVEMENT
(1) Now you can check in realtime how much slope degree is best to define your specific pair/tf is out of congestion (yellow) area. And (2) also able to check directly what ATR lengths are more suitable defining your pair's volatility.
DISTANCE ZONE
Distance Multiplier. Each pair/tf has its own best distance zone (in xHMA+ perspective). The zone also determine whether a signal should appear or not. (Or what type of signal, if you wanna go more detail in constructing your strategy)
USAGE
(Provided you already have your own comfortable settings for minimum-maximum period of Adaptive HMA+. Best if you already have backtested it manually too and/or apply as an add-on to your working strategy)
1. In our experiences, first most important to define is both elements in the Market Movement Settings . These also tend to be persistent for whole season since it's kinda describing that pair/tf overall behaviour. Don't worry if you still get a low Profit Factor here, but by tweaking you should start to see positive changes in one of Max Drawdown and Net Profit, or Percent Profitable.
2. Afterwards, find your pair/tf Distance Zone . When optimising this, what we seek is just a "not to bad" equity curves to start forming. At least Max Drawdown should lessen more. Doesn't have to be great already, but should be better, no red in Net Profit.
3. Then go manage the "Trailing Minimum Profit", TP, SL, and max SL.
4. Repeat 1,2,3. 👻
5. Manage order size, commission, and/or enable double-order (need pyramiding) if you like. Check if your equity can handle max drawdown before margin call.
6. After getting an acceptable backtest result, go to List of Trades tab and find the biggest loss or when many sequencing loss in a row happened. Click on it to go to exact point on chart, observe why the signal failed and get at least general idea how it can be prevented . The rest is yours, you should know your pair/tf more than other.
You can also re-explore your minimum-maximum period for both Major and minor xHMA+.
Keep in mind that all numbers in Setting are conceptually in a form of range . You don't want to get superb equity curves but actually a "fragile" , means one can easily turn it to disaster just by changing only a fraction in one/two of the setting.
---
If you just wanna test the strength of the indicator alone, you can disable "Use StopLoss" temporarily while optimising settings.
Using no SL might be tempting in overall result data in some cases, but NOTE: It is not recommended to not using SL, don't forget that we deliberately enter when it's in high volatility. If want to add flexibility or trading for long-term, just maximise your SL. ie.: chose SL Point>ATR only and set it maximum. (Check your max drawdown after this).
I think this is quite important specially for beginners, so here's an example; Hypothetically in below scenario, because of some settings, the buy order after the loss sell signal didn't appear. Let's say if our initial capital only 1000$ using leverage and order size 0,5 lot (risky position sizing already), moreover if this happens at the beginning of your trading season, that's half of account gone already in one trade . Your max SL should've made you exit after that pumping bar.
The Trailing Minimum Profit is actually look like this. Search in the code if you want to plot it. I just don't like too many lines on chart.
To maximise profit we can try enabling double-order. The only added rule coded is: RSI should rising when buy and falling when sell. 2nd signal will appears above or below default buy/sell signal. (Of course it's also prone to double-loss, re-check your max drawdown after. Profit factor play its part in here for a long run). Snapshot in comparison:
Two default sell signals on left closed at RSI exit, the additional sell signal closed later on when price crossover minor xHMA+. On buy side, price haven't met our minimum profit when first crossunder minor xHMA+. If later on we hit SL on this "+buy" signal, at least we already profited from default buy signal. You can also consider/treat this as multiple TP points.
For longer-term trading, what you need to maximise is the Minimum Profit , so it won't exit whenever an exit condition happened, it can happen several times before reaching minimum profit. Hopefully this snapshot can explain:
Notice in comparison default sell and buy signal now close in average after 3 days. What's best is when we also have confirmation from higher TF. It's like targeting higher TF by entering from smaller TF.
As also mention in the study, we can still experiment via original HMA by putting same value for minimum-maximum period setting. This is experimental EU 1H with Major xHMA+: 144-144, Flat market 13, Distance multiplier 3.6, with 2nd order activated.
Kiwi was a bit surprising for me. It's flat market is effectively below 6, with quite far distance zone of 3.5. Probably because I'm using big numbers in adaptive period.
---
The result you see in strategy tester report below for EURUSD 15m is using just default settings you see in code, as follow:
0,1 lot for each order (which is the smallest allowed by my broker).
No pyramiding. Commission: 0.5 usd per order. Slippage: 3
Opening position is only using basic strategy #1 (RSI exit). Additional exit not activated.
Minimum Profit: 1. TP: 3.
SL use: Half-distance zone. Max SL: 4.5.
Major xHMA+: 172-233. minor xHMA+: 89-121
Distance Zone Multiplier: 2.7
RSI: Standard 14.
(From our forward-testing, the difference we get from net profit is because of the spread, our entry isn't exactly at the close/open price. Not so much though, but not the same. If somebody can direct me to any example where we can code our entry via current bid/ask price, that would be awesome!)
It's already a long post (sorry), think I'm gonna pause here. Check out the code :)
---
DISCLAIMER: Past performance is no guarantee of future results , and so on.. you know the drill ;)
Please read whole description first before using, don't take 1-2 paragraph and claim it's the whole logic, you are responsible of your own actions and understanding.
MOM+RSI StrategyThis is a momentum based strategy which generates signals when the price moves with momentum in either direction. This strategy works well on liquid stocks. Its not necessary to close the trade as soon as the close signal is generated and one can wait for the price to move in the direction as indicated by the prior signal unless price starts to go in the opposite direction. The best set up for a trader is his/her own set up and hence it is recommended to use this strategy with your set up/research.
BUY/SELL_Strategy_Paydar_V.07BUY/SELL_Strategy_Paydar_V.07
Hello dear friends
This system can be considered as a signal system.
*** This system just Suggests you for points. ***
My suggestion is not to use this system alone and conclude about entry and exit points according to charts, news, market fluctuations and trend direction.
The agenda of this system is as follows:
- Buy signal means:
Time to enter the trade / buy / take a long position and ...
- Sell signal means:
Time to leave the trade / sell / exit the long position
* I suggest you use this system in trading for cryptocurrency and especially for bitcoin.
* My suggested time frame is 1 minute, because during this time and according to the settings of this system, a better result was obtained for me.
* I suggest using this system first in spot trading and then in future trading.
System function:
This system is based on the analysis of 74 different systems, which are:
> 19 indicators and oscillators separately which include:
MACD, RSI, STOCHASTIC, STOCHASTIC RSI, BOLLINGER BANDs, PARABOLIC SAR, VOLATILITY and ...
(All of which can be used on the Trading View site as a public domain and open source)
> 11 cases of previous oscillators and indicators in combination
(All of which can be used in public view and open source on the Trading View site)
> 27 items MA, EMA, VMA, WM, MSM, etc. in combination and separately
> 9 lines and areas of automatic support and resistance
(All of which can be used in public view and open source on the Trading View site)
> 8 different strategies, all of which can be used in public view and open source on the Trading View site
Points.
*** All indicators, oscillators, lines and areas of automatic support and resistance, strategies, etc. can be used as a public domain and open source on the Trading View site. ***
Comment on using this system as well as how to use it.
_______________________________________________________________________________
* In this system, the main and basic indicators and oscillators are used, all of which are in the public view and open source site in Trading View *
I am very grateful and very loyal to Trading View, which built all the indicators, oscillators and strategies, because I used them to build this strategy system.
_______________________________________________________________________________
Be successful and profitable.
Profitable Strategy Forex 80 by LukasHello all,
Herewith I publish my Forex strategy, it's works for major pairs only.
I ran more than a thousand test to get this result! :))
The strategy have more than 8 Buy and Sell signal condition with 2 core signal provider.
You can turn on/off each 7 signal and find the most profitable combination for each pairs.
If you trade on lower timeframe, you can turn on "Higher Timeframe MA".
It's also will trigger buy/sell when breakout from monthly high / low when entry condition meets.
You can set weekly or monthly.
I work on 4H timeframe when develop the script, so best use is 4H.
Basically i want to make reliable strategy that can automate trade
without the need to check chart every minutes! Hahha
So i think higher time frame is the best time to start,
and I found 4H chart on Forex have more clear structure and volatility .
I make the signal visible, it consist of 3 line represent The Pairs, Base and Counter pairs,
basically when Green line on top it means Base currency is strong, vice versa.
You may share your setting in the comment section, so others can try it :)
For this result I turn on Signal A,C,D,E,F
Signal A and B use special RSI
Signal C and D use special MACD
Signal E use RSI
Signal F use EMA and DEMA combination
In my opinion each pairs has unique character, some of them move faster than others.
So, adjust the setting for each pairs will benefit you more.
For further develop of this strategy, please give me feedback! :)
Multi Time Frame Buy&Sell V4.0 [BACKTEST]Hi guys,this indicator Developed for Intraday and multi Time Frame Trading. Note: Invite only Script.Request to me Access permission to test this.
*** THIS IS STUDY VERSION ***
Time Frame : can use for 15 min / 30 min / 1h / 4h time
15 min configuration is best result for bitcoin and ethereum .
This can be used : Crypto Currency/ Bitcoins / ethereum ,Forex,currencies ,Index ,Commodity Gold / silver , Oil Market and in Equity / Futures
ETHUSDT Futures 15min
BTCUSDT Futures 15min:
GOLD /USD FOREX 15min:
HOW IT WORKS:
this indicator analyze EMA&SMA support and resistance then combine with pivot point and fibo levels is used to calculate the signals.and finally show entry label on
chart with target point and stop loss
HOW TO USE:
Creating a signal is as simple as adding the indicator called to your chart(buy or sell)label and background color change ( green=buy / red = sell)
green line is target and black line is stop loss.
in top of setting page you can see noise filter option . that can change it to get better result and reduce noise. in setting can set 3 target level and stoploss
NOT:all information show to info panel in chart.
strategy tester : enabled .All you can test this in live market in any segment.
NOT: can to change noise filter in setting setup until to get best result.
Choose any Date Month Year to Current Date and check the results below in the Strategy Tester.
REPAINT/NO REPAINT : No Repaint ,entery labal(buy or sell) and Background Color wont change. In the current candle position wait for the candle to close to see the
stability.
"Set alert": Select "Once per bar close" for your alert options.
There are 5 alerts:
- BUY
- SELL
- BUY OR SELL (for free TV users)
- take profit
- stop loss
Review and Feedback.Thank you!
Any issues report to me to Fix.Thank you!
how To Get access : Use the link below to obtain access to this indicator or PM us to obtain access.
My Version of No-Nonsense Forex (NNFX) Strategy - MQAHNAF SignalThis is my version of the No-Nonsense Forex (NNFX) Strategy, namely MQAHNAF Signal.
This strategy shows you only the entry signal with 1.5 x ATR for Stop Loss and 1 x ATR for Taking Profit.
This strategy uses 5 kinds of indicators:
1. Average True Range for SL and TP placement, and also for pullback range;
2. Kijunsen for Baseline;
3. SSL Channel for 1st Confirmation;
4. Absolute Strength Histogram for 2nd Confirmation;
5. Waddah Attar Explosion for Volume/Volatility.
This strategy implements the "Bridge Too Far" strategy.
This strategy also implements the "Pullback" strategy, with some modification: 1.5 x ATR from Kijunsen
This strategy doesn't use the exit indicator because this strategy intended only to shows you the entry signal, but you can use the SSL Channel (the yellow line) for the exit indicator.
This strategy also doesn't use the "Scale-Out" and the "Trailing Stop" strategy because again, this strategy only shows you the entry signal.
On the contrary, this strategy works best on the 4H timeframe, different from what VP emphasizes in his videos about the daily timeframe.
I hope you like this strategy and don't forget to thumb this up!
Also, don't forget to follow me for the update and for my other strategy/indicator/trade ideas!
Thank you for your attention!
WMA CrossoverNormally we have Moving average which is lagging indicator but in this script we have removed the lag and get signal upfront to maximize the profit and minimize the losses.
This is good for Entry purpose, for exit also it can be used but profit might be less. It is suggested to use one of the below method for exit
Target based
RSI divergence or
Price & Volume Based Analysis
VWAP (Volume for Index (Nifty & BankNifty is not available on Tradingview. Investing.com can be used for the same.)
If need more information on any of the above method, Please comment i will share more information on this either on tradingview or could be on the yourtube video.
Retail Slayer StrategyRetail Slayer Strategy
Intended Markets: Forex, Indices, Cryptocurrencies, and metals (Gold, Silver)
Timeframe Use: 15 minutes only
Trailing Stop: 35-pips for Forex
The purpose of this strategy is to answer the question many retail traders have: Why does it feel like trades go against me immediately after placing a buy/sell? This strategy puts you into the position of taking trades against the majority of retail traders.
The underlying logic of this strategy involves the use of specific momentum, volatility, intra-week, and intra-day data to determine whether certain extremes that exist in common retail oscillators are truly indicative of a corrective move or a trend reversal. This strategy checks against those conditions to monitor whether certain breaks of certain price ranges are truly honest, or just fake-outs.
The 35-pip trail is intended for all of the Intended Markets listed above (ticks/points where necessary), and the 15-minute chart is also intended for all of the above-Intended Markets. There are options for you to adjust the trailing-stop, profit target, and stop(s) to fine-tune an instrument to your desired settings. However, I would recommend you stick with the 15-min, 35-pip default settings until you are more familiar with how this strategy works.
To utilize this strategy as an alert, simply add it to your chart then click on the Strategy Tester below. You will see a small alarm clock icon next to the cog-wheel - click the Alarm Icon and you can create the alert utilizing this strategy.
You will receive a notification warning you that this strategy can cause issues with repainting, and that is a known issue. However, with any strategy, it pays to confirm and do your own due diligence before committing to any trade. This strategy is intended to help identify and confirm entries in conjunction with your own analysis.
To inquire about access, please send me a PM. Please reach out if you have any questions.
Nifty-Signal-SystemNifty-Signal-System is giving Bullish and Bearish signal for trade to buy and sell.
This signal system is mainly finding trend change and momentum change in the scripts.
There is two signal one Big triangle for Bullish and Bearish signal and another is arrow signal.
Arrow signals are generating for finding the continuation of trend.
Each arrow trader can do pyramiding with trend and close the trade whenever small red arrow come or bearish signal start and can take opposite side of the trade.
I have designed this signal system for NSE:NIFTY Index only.
Default Parameter are : Time Frame, ATR Period, ATR Multiplier, Look Back Period
Default parameter given on Input is giving optimum results if user want to change the setting results can vary.
With Strategy Tester i am able to give performance report. User can check the report .
I have mentioned order details with commission and slippages on each trades.
This signal is available on subscription. contact me or ping me for more details.
