QuantNomad - Pivot Reversal Strategy - XBTUSD - 1h

Pivot reversal strategy almost always works pretty good for crypto.
Here is setup with 4 left, 4 right bars for pivot points for XBTUSD 1h chart.
It shows a pretty nice performance of 350% with only 10% dd , Sharpe is 1.16.
If you're interested in using this strategy in my scripts you can find alerts for it and a version with added backtesting range.

If you want to hear more from me you can join my Telegram channel: https://t.me/quantnomad
If you want to learn how to code in pine script join my Youtube channel: https://www.youtube.com/quantnomad

And remember:
Past performance does not guarantee future results.
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My YouTube: https://qntly.com/youtube
My Discord: https://qntly.com/discord
My Telegram Channel: https://qntly.com/tel
My TradingView Courses: https://qntly.com/courses
My Pro Indicators: https://qntly.com/proind
Thank you very much for your script.

Could you please explain in more detail how the indicator works?
- When and why does the entry appear in long / short?
- When should I open a position?
- When should I close it?
- Can you set up alerts to notify us of an entry?
Thank you very much and great job!
QuantNomad JuniorStaffy
@JuniorStaffy, hi, published a video about pivot points: https://youtu.be/aqulu594F_c
You can use the following script to understand pivot points a bit better (there is more stuff plotted) and also create alerts.
- When should I open a position?
You can open it on Alert
- When should I close it?
There is no position management in this strategy, you can try to have static PT/SL or trailing SL, something might work pretty good.
JuniorStaffy QuantNomad
@QuantNomad, Thank you very much for answering!!!! I have been doing a backtest in H1 adding a WMA of 150 periods. The strategy is to open a position when the indicator alerts you to a possible trade in favor of the WMA trend. The scores are very good!!! :)
I have not been able to add any alerts for when the signal of the indicator appears. Is it possible to add alerts?
Thank you so much for everything!!!
QuantNomad JuniorStaffy
@JuniorStaffy, Hi, check this script for alerts:
JuniorStaffy QuantNomad
@QuantNomad, Thank you very much!!! I think that is best your script
JuniorStaffy QuantNomad
@QuantNomad, Is possible modify your script to create alerts? Thanks
+2 Rispondi
Nice work sir, and thank you for the code to study...
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