BTCUSD Daily Nexus Protocol Robot [AlgoChadLin]

The BTCUSD Daily Nexus Protocol Robot is a sophisticated, multi-faceted trading system designed for the Bitcoin Daily (D1) timeframe. It operates by integrating a diverse set of technical indicators to form a robust, rule-based trading protocol. This strategy focuses on identifying high-conviction trade setups and managing them with precision.

Strategy Logic

Entry Confirmation: The strategy uses a powerful combination of multiple indicators. Entry signals are confirmed when the closing price moves relative to the VWAP, indicating a shift in momentum.

Targeted Entries: To pinpoint optimal entry points, the system utilizes Keltner Channels and Average True Range (ATR). A long entry is placed as a limit order above the upper Keltner Channel, while a short entry is set below the lower channel.

Dynamic Exits: Risk and reward are managed through a dual-layered exit approach. The strategy uses a dynamic SuperTrend value and ATR to set a trailing stop-loss, protecting capital and locking in profits. Additionally, a time-based exit and an Ichimoku signal provide alternative exit conditions to ensure positions are closed under specific market circumstances.

Parameters

• VWAP Period: Defines the lookback period for the VWAP indicator.
  
• Keltner Channel Period: Sets the period for the Keltner Channel, which helps define entry levels.
  
• Entry ATR Multiplier: Adjusts the distance of the limit order from the Keltner Channel.
  
• Stop-Loss ATR Period & Multiplier: Configures the dynamic stop-loss based on the SuperTrend and ATR.
  
• Exit After Bars: Specifies the maximum duration a trade can be open.
  
• Pending
  

Order Valid Bars: Determines how long a pending order remains active.

Setup

• Timeframe: Daily (D1)
  
• Asset: BTCUSD (Not BTCUSDT. If you want to trade BTCUSDT you have to modify the parameters.)