Bitduke

Squeeze Momentum Strategy based on Indicator [LazyBear][Bitduke]

I improved Squeeze Momentum Indicator by LazyBear (momentum filter, changed data source to ohlc4) and transformed it into a strategy, adding a risk management system + ability to customize time frames for backtest.

Shortly about Squeeze Momentum Indicator:
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).


Backtested on XBTUSD , ETHUSD (Bitmex). As you may notice it shows good results on 1h - 4h timeframes on these timeframes among these pairs. Relatively low drawdown ~ 12% (to date).
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Commenti

Thank you for posting. Mr.Bitduke.
your script is excellent and skillful!
I'am trying to backtest your script and modifying longcondition, shortcondition,SL...etc.
Can you tell me the values of the picture about (Net profit 127.7%, 289 Total Closed Trade, 78.89 % Percent Profitable...)
+1 Rispondi
I think is's not possible to detect the exact high of a candle to exit :-(
+1 Rispondi
Bitduke StevenMichiels
@StevenMichiels, why do you think so? Strategy closes the trade not on highs but according to integrated risk management system, i.e by stop loss or take profit.
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The script is so broken. Disable the trailing stop and it doesn't work. TV has infamous issues with the trailing stop.

If it looks too good to be true, it probably is.
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hey does this repaint?
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@edrsvc, Nope, but it requires improvements, because of weird stop losses, I'm going to update it this month.
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edrsvc Bitduke
@Bitduke, okay is this with alerts?
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