cyatophilum

Tom Demark Sequential Custom Strategy

This is my first strategy. Be harsh. Disclaimer : I am a beginner in trading.
We will focus on eth/btc market.
It is based on Tom Demark's buy/sell setups and countdowns indicator that I published earlier, so I will not re-explain the indicator here.
At first I couldn't make it successful. The countdowns and setups alone aren't enough. I tried several things and noticed a pattern : I will try to explain it, because I don't expect you to understand the heck code I wrote..

What it does is :
For buy condition :
- A sell setup just started, and 4 bars prior to that we were in a buy countdown (buy setup completed and countdown started. Not waiting for a long countdown. It doesn't happen very often). The countdown required is either 1 or 13 depending on wether we are in a bullish or bearish trend ( SMA is used to recognize that) : it assures to be ULTRA safe when buying on a bullish trend and selling on a bearish trend .

For sell condition :
- A buy setup just started, and 4 bars prior to that we were in a sell countdown. Same here with the countdown check depending on trends.


Thanks for your feedback, I am interested to know what you think !
Note di rilascio: I added the commmission fees and we can see that this strategy is not profitable anymore.
This is a very old script. Please check my more recent scripts!
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Commenti

It looks very promising, but I trade with 1 min timeframe and this indicator not work properly for me. But your first indicator looks great for my chosen timeframe and expiration time. Thank your for your work. I'll continue to use your first indicator and I think that this second indicator will find some fans too. I wish you continue creating amazing scripts and good luck in your trading.
+2 Rispondi
cyatophilum Invisible_Chaos
@Invisible_Chaos, Oh ok, indeed, this strategy is for a 1h time frame. I will continue creating scripts ! Make sure to follow if you don't want to miss them !
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Invisible_Chaos cyatophilum
@cyatophilum, Ok ) I'm glad that you not mad at me :) I'm following you. You are one of most interesting creators of trading indicators. And I will notice for sure if you publish some new indicators or ideas for trading.
+1 Rispondi
I've been playing around with backtesting this code today. The results look very promising. Having you considered adding short positions to the code? SMS alerts would also be great, but I'm guessing that's probably not possible.
+1 Rispondi
@jggrow0, I can code the alert setup.
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jggrow0 cyatophilum
@cyatophilum, Thanks! That would be awesome!
+1 Rispondi
Keep it up cyatophilum, wish one day you can create the perfect one of your script =D
+1 Rispondi
@ICEKI, It is coming real soon !
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ICEKI cyatophilum
@cyatophilum, great to hear that =D
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Nice , clean and nice
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