Supertrend + MACD CrossoverKey Elements of the Template:
Supertrend Settings:
supertrendFactor: Adjustable to control the sensitivity of the Supertrend.
supertrendATRLength: ATR length used for Supertrend calculation.
MACD Settings:
macdFastLength, macdSlowLength, macdSignalSmoothing: These settings allow you to fine-tune the MACD for better results.
Risk Management:
Stop-Loss: The stop-loss is based on the ATR (Average True Range), a volatility-based indicator.
Take-Profit: The take-profit is based on the risk-reward ratio (set to 3x by default).
Both stop-loss and take-profit are dynamic, based on ATR, which adjusts according to market volatility.
Buy and Sell Signals:
Buy Signal: Supertrend is bullish, and MACD line crosses above the Signal line.
Sell Signal: Supertrend is bearish, and MACD line crosses below the Signal line.
Visual Elements:
The Supertrend line is plotted in green (bullish) and red (bearish).
Buy and Sell signals are shown with green and red triangles on the chart.
Next Steps for Optimization:
Backtesting:
Run backtests on BTC in the 5-minute timeframe and adjust parameters (Supertrend factor, MACD settings, risk-reward ratio) to find the optimal configuration for the 60% win ratio.
Fine-Tuning Parameters:
Adjust supertrendFactor and macdFastLength to find more optimal values based on BTC's market behavior.
Tweak the risk-reward ratio to maximize profitability while maintaining a good win ratio.
Evaluate Market Conditions:
The performance of the strategy can vary based on market volatility. It may be helpful to evaluate performance in different market conditions or pair it with a filter like RSI or volume.
Let me know if you'd like further tweaks or explanations!
Cerca negli script per "stop loss"
Trend Hunter Scalping [Daddin Algo]Trend Hunter Scalping Strategy Description
This strategy is a comprehensive scalping system designed to capture high-frequency trading opportunities within short timeframes. It combines multiple technical indicators to assess trend direction, momentum, volatility, and volume dynamics. Importantly, all parameters are user-adjustable, allowing the strategy to be optimized for various market conditions and individual preferences.
Technical Indicators and Settings
EMA (Exponential Moving Average):
The EMA is calculated based on a user-defined period. Rather than being fixed (e.g., a 200-period EMA), the period is adjustable to suit different market conditions. The position of the price relative to the EMA helps confirm the overall trend.
RSI & RSIOver:
The Relative Strength Index (RSI) measures momentum and the speed of price changes. Entry signals are generated when the RSI crosses its moving average. Additionally, overbought and oversold thresholds (set by the user) add an extra layer of confirmation for the signals.
ADX:
The Average Directional Index (ADX) assesses the strength of the current trend. When the ADX is above a user-specified threshold, the signals are considered more reliable. This helps in filtering out signals during weak trending periods.
Bollinger Bands:
Bollinger Bands gauge market volatility. The settings—including the length and the multiplier—are adjustable, providing flexibility to accommodate tightening or expanding volatility conditions.
Parabolic SAR:
This indicator identifies dynamic support and resistance levels, confirming the trend direction and helping pinpoint potential entry and exit points.
Pivot Levels (Fibonacci):
Calculated from the previous period's high, low, and close, pivot points and Fibonacci levels indicate potential reversal points and serve as support and resistance levels. These levels provide context for setting trailing stops and managing risk.
Volume Filter:
A volume condition ensures that trading signals are only considered valid when the current volume exceeds a multiple of its short-term moving average. This filter is adjustable, helping to confirm the strength of the market move.
Daddin Line:
Derived from a short-term moving average of the closing prices with a user-defined offset, the Daddin Line acts as an additional confirmation tool. Its parameters can be customized to better align with specific trading environments.
Trading Logic and Management
Signal Direction and Entry:
The strategy can generate both long (buy) and short (sell) signals, or be limited to one direction based on user preference. Entry orders are executed when all the selected indicator conditions are met. Additionally, maximum consecutive trade limits are implemented to help control risk.
Exit & Take Profit:
Trades are exited automatically when a user-defined profit percentage is reached. This take-profit percentage is flexible, enabling adjustments to match different market conditions or trading goals.
Trailing Stop (Dynamic Stop Loss):
A trailing stop mechanism is implemented using Fibonacci pivot levels. Once a position is open, the stop loss is dynamically updated as the price moves favorably. This ensures that profits are protected while minimizing losses in case of a sudden reversal.
Additional Features and Backtesting
Time Filtering (Backtesting):
The strategy includes a date range filter for backtesting. Users can define the start and end dates to evaluate the strategy’s performance during specific market periods, making it easier to assess its historical effectiveness.
Customizable Parameters:
Every indicator and risk management setting is fully customizable. This adaptability allows traders to tailor the strategy to different assets, timeframes, and market environments, ensuring optimal performance across diverse trading scenarios.
Conclusion
The Trend Hunter Scalping strategy effectively integrates multiple technical indicators to validate trends and manage risks efficiently. Its highly flexible, user-adjustable parameters make it adaptable to varying market conditions, providing traders with a robust framework for capturing quick trading opportunities.This strategy is designed to optimize both entry and exit points while offering comprehensive risk management controls.
Supertrend with 1% Target and 1% StoplossSupertrend Calculation: The Supertrend indicator is calculated using the Average True Range (ATR) and a factor. The factor and ATR length can be adjusted in the inputs.
Long and Short Conditions: The strategy enters a long position when the price crosses above the Supertrend line and a short position when the price crosses below it.
Target and Stop Loss: The strategy places a 1% target and a 1% stop loss for both long and short positions.
Visuals: The stop loss and take profit levels are plotted on the chart for better visibility.
Enhanced Doji Candle StrategyYour trading strategy is a Doji Candlestick Reversal Strategy designed to identify potential market reversals using Doji candlestick patterns. These candles indicate indecision in the market, and when detected, your strategy uses a Simple Moving Average (SMA) with a short period of 20 to confirm the overall market trend. If the price is above the SMA, the trend is considered bullish; if it's below, the trend is bearish.
Once a Doji is detected, the strategy waits for one or two consecutive confirmation candles that align with the market trend. For a bullish confirmation, the candles must close higher than their opening price without significant bottom wicks. Conversely, for a bearish confirmation, the candles must close lower without noticeable top wicks. When these conditions are met, a trade is entered at the market price.
The risk management aspect of your strategy is clearly defined. A stop loss is automatically placed at the nearest recent swing high or low, with a tighter distance of 5 pips to allow for more trading opportunities. A take-profit level is set using a 2:1 reward-to-risk ratio, meaning the potential reward is twice the size of the risk on each trade.
Additionally, the strategy incorporates an early exit mechanism. If a reversal Doji forms in the opposite direction of your trade, the position is closed immediately to minimize losses. This strategy has been optimized to increase trade frequency by loosening the strictness of Doji detection and confirmation conditions while still maintaining sound risk management principles.
The strategy is coded in Pine Script for use on TradingView and uses built-in indicators like the SMA for trend detection. You also have flexible parameters to adjust risk levels, take-profit targets, and stop-loss placements, allowing you to tailor the strategy to different market conditions.
Grim SlashOverview:
The Touch Previous Candle Strategy is a simple yet effective trading approach designed for the 1-hour chart. It focuses on price action by placing trades when the current candle interacts with key levels from the previous candle. The strategy is fully automated and includes risk management with take profit and stop loss levels.
Entry Conditions:
Buy Signal: A buy order is triggered when the low of the current candle touches or drops below the previous candle's closing price.
Sell Signal: A position is closed when the high of the current candle reaches or exceeds the previous candle's highest price.
Risk Management:
Take Profit: The trade is exited automatically when the price increases by 15% from the entry point.
Stop Loss: A stop loss is set at 5% below the entry price to minimize risk.
Best Use Cases:
Works well in volatile markets where price frequently tests previous levels.
Suitable for traders who prefer price-action-based strategies over indicators.
Can be optimized for different assets or timeframes based on market behavior.
John Bob-Trading-BotDeveloped by Ayebale John Bob with the help of his bestie, this innovative strategy combines advanced Smart Money Concepts with practical risk management tools to help traders identify and capitalize on key market moves.
Key Features:
Smart Money Concepts & Fair Value Gaps (FVG):
The strategy monitors price action for fair value gaps, which are visualized as extremely faint horizontal lines on the chart. These FVGs signal potential areas where institutional traders might have entered or exited positions.
Dynamic Entry Signals:
Buy signals are triggered when the price crosses above the 50-bar lowest low or when a bullish FVG is detected. Conversely, sell signals are generated when the price falls below the 50-bar highest high or a bearish FVG is identified. Each signal is visually marked on the chart with clear buy (green) and sell (red) labels.
Multi-Level Order Execution:
Once an entry signal occurs, the strategy places five separate orders, each with its own take-profit (TP) level. The TP levels are calculated dynamically using the Average True Range (ATR) and a set of predefined multipliers. This allows traders to scale out of positions as the market moves favorably.
Dynamic Risk Management:
A stop-loss is automatically set at a distance determined by the ATR, ensuring that risk is managed in accordance with current market volatility.
Real-Time Trade Information Table:
In the bottom-right corner of the chart, a trade information table displays essential details about the current trade:
Side: Displays "BUY NOW" (with a dark green background) for long entries or "SELL NOW" (with a dark red background) for short entries.
Entry Price & Stop-Loss: Shows the entry price (highlighted in green) and the corresponding stop-loss level (highlighted in red).
Take-Profit Levels: Lists the five TP levels, each of which turns green once the market price reaches that target.
Timer: A live timer in minutes counts from the moment the current trade trigger started, helping traders track the duration of their active trades.
Visual Progress Bar:
A histogram-style progress bar is plotted on the chart, visually representing the percentage gain (or loss) relative to the entry price.
This strategy was meticulously designed to incorporate both technical analysis and smart risk management, offering a robust trading solution that adapts to changing market conditions. Whether you're a seasoned trader or just starting out, the AyebaleJohnBob Trading Bot equips you with the tools and visual cues needed to make well-informed trading decisions. Enjoy a seamless blend of strategy and style—crafted with passion by Ayebale John Bob and his bestie!
Adaptive Fractal Grid Scalping StrategyThis Pine Script v6 component implements an "Adaptive Fractal Grid Scalping Strategy" with an added volatility threshold feature.
Here's how it works:
Fractal Break Detection: Uses ta.pivothigh and ta.pivotlow to identify local highs and lows.
Volatility Clustering: Measures volatility using the Average True Range (ATR).
Adaptive Grid Levels: Dynamically adjusts grid levels based on ATR and user-defined multipliers.
Directional Bias Filter: Uses a Simple Moving Average (SMA) to determine trend direction.
Volatility Threshold: Introduces a new input to specify a minimum ATR value required to activate the strategy.
Trade Execution Logic: Places limit orders at grid levels based on trend direction and fractal levels, but only when ATR exceeds the volatility threshold.
Profit-Taking and Stop-Loss: Implements profit-taking at grid levels and a trailing stop-loss based on ATR.
How to Use
Inputs: Customize the ATR length, SMA length, grid multipliers, trailing stop multiplier, and volatility threshold through the input settings.
Visuals: The script plots fractal points and grid levels on the chart for easy visualization.
Trade Signals: The strategy automatically places buy/sell orders based on the detected fractals, trend direction, and volatility threshold.
Profit and Risk Management: The script includes logic for taking profits and setting stop-loss levels to manage trades effectively.
This strategy is designed to capitalize on micro-movements during high volatility and avoid overtrading during low-volatility trends. Adjust the input parameters to suit your trading style and market conditions.
Futures Engulfing Candle Size Strategy (Ticks, TP/SL)The Futures Candle Size Strategy is designed to identify and trade significant price movements in the futures market based on candle size. It is optimized for futures instruments like ES, NQ, or CL, where precise tick-level calculations are essential. The strategy includes a customizable take profit and stop loss in ticks and operates only within a specified time window (e.g., 7:00 AM to 9:15 AM CST).
Key Features:
Candle Size Threshold: Trades are triggered when the candle's high-to-low range exceeds the defined threshold in ticks.
Time Filter: Limits trades to the most active market hours, specifically between 7:00 AM and 9:15 AM CST.
Take Profit and Stop Loss: Customizable exit levels in ticks to manage risk and lock in profits.
Long and Short Trades: Automatically places buy or sell orders based on the candle's direction (bullish or bearish).
Alerts: Sends alerts whenever a trade is triggered, helping you stay informed in real-time.
How It Works:
The strategy calculates the size of each candle in ticks and compares it to the user-defined threshold.
If the candle size meets or exceeds the threshold within the specified time range, it triggers a long or short trade.
The trade automatically exits when the price hits the take profit or stop loss levels.
Enhanced Gold Scalping Strategy (Backtest with Time Filter)Enhanced Gold Scalping Strategy (Backtest with Time Filter)
This script is a scalping strategy designed specifically for trading gold on lower timeframes, incorporating popular technical indicators and a session filter for optimal performance. The strategy aims to achieve consistency by combining trend-following and volatility-based conditions.
Key Features:
Indicators Used:
Exponential Moving Average (EMA): Filters trades based on the trend direction using a 50-period EMA.
Relative Strength Index (RSI): Ensures trades are taken in favorable momentum conditions (above 30 for longs and below 70 for shorts).
MACD Crossover: Identifies potential trade entries based on MACD line crossing above/below the signal line.
Average True Range (ATR): Used to dynamically calculate Stop Loss and Take Profit levels and ensure trades occur in high-volatility conditions.
Risk-Reward Optimization:
The strategy uses a customizable Risk-Reward Ratio (default is 2:1) for setting Stop Loss (SL) and Take Profit (TP) levels, ensuring that winning trades outweigh losses.
Volatility Filter:
Trades are only executed when the current ATR exceeds the 14-period ATR moving average by a defined threshold, filtering out low-volatility periods.
Session Filter:
The strategy only trades during active market hours (8:00 AM to 8:00 PM Amsterdam Time) on weekdays. This ensures trades align with periods of high liquidity and market activity.
Dynamic Entry and Exit Levels:
SL and TP levels are plotted dynamically on the chart to provide a clear visual of potential risk and reward for each trade.
Buy and Sell Signals:
Visual markers (green triangles for buy, red triangles for sell) on the chart to highlight entry points for better trade visibility.
How It Works:
Long Conditions:
MACD crossover (MACD line above the signal line).
RSI above 30.
Price is above the 50-period EMA.
ATR-based volatility condition is met.
Trade must occur within the defined session hours.
Short Conditions:
MACD crossunder (MACD line below the signal line).
RSI below 70.
Price is below the 50-period EMA.
ATR-based volatility condition is met.
Trade must occur within the defined session hours.
The strategy calculates dynamic SL and TP levels based on the ATR, ensuring flexibility to market conditions.
Customization Options:
EMA length, RSI length, and MACD parameters.
Risk-Reward Ratio for SL/TP calculations.
Volatility threshold for filtering trades.
Session start and end times for active trading hours.
Recommended Use:
Best suited for scalping gold on lower timeframes (15-min charts).
Disclaimer:
This strategy is intended for educational and backtesting purposes. Past performance is not indicative of future results. Use appropriate risk management and test thoroughly before applying to live trading.
Swing High/Low Pivots Strategy [LV]The Swing High/Low Pivots Strategy was developed as a counter-momentum trading tool.
The strategy is suitable for any market and the default values used in the input settings menu are set for Bitcoin (best on 15min). These values, expressed in minimum ticks (or pips if symbol is Forex) make this tool perfectly adaptable to every symbol and/or timeframe.
Check tooltips in the settings menu for more details about every user input.
STRTEGY ENTRY & EXIT MECHANISMS:
Trades Entry based on the detection of swing highs and lows for short and long entries respectively, validated by:
- Limit orders placed after each new pivot level confirmation
- Moving averages trend filter (if enabled)
- No active trade currently open
Trades Exit when the price reaches take-profit or stop-loss level as defined in the settings menu. A double entry/second take-profit level can be enabled for partial exits, with dynamic stop-loss adjustment for the remaining position.
Enhanced Trade Precision:
By limiting entries to confirmed swing high (HH, LH) or swing low (HL, LL) pivot points, the strategy ensures that trades occur at levels of significant price reversals. This precision reduces the likelihood of entering trades in the midst of a trend or during uncertain price action.
Risk Management Optimization:
The strategy incorporates clearly defined stop-loss (SL) and take-profit (TP) levels derived from the pivot points. This structured approach minimizes potential losses while locking in profits, which is critical for consistent performance in volatile markets.
Trend Filtering for Better Entry:
The use of a configurable moving average filter adds a layer of trend validation. This prevents entering trades against the dominant market trend, increasing the probability of success for each trade.
Avoidance of Noise:
The lookback period (length parameter) confirms pivots only after a set number of bars, effectively filtering out market noise and ensuring that entries are based on reliable, well-defined price movements.
Adaptability Across Markets:
The strategy is versatile and can be applied across different markets (Forex, stocks, crypto) due to its dynamic use of ticks and pips converters. It adapts seamlessly to varying price scales and asset types.
Dual Quantity Entries:
The original and optionnal double-entry mechanism allows traders to capture both short-term and extended profits by scaling out of positions. This adaptive approach caters to varying risk appetites and market conditions.
Clear Visualization:
The plotted pivot points, entry limits, SL, and TP levels provide visual clarity, making it easy for traders to track the strategy's behavior and make informed decisions.
Automated Execution with Alerts:
Integrated alerts for both entries and exits ensure timely actions without the need for constant market monitoring, enhancing efficiency. Configurable alert messages are suitable for API use.
Any feedback, comments, or suggestions for improvement are always welcome.
Hope you enjoy!
MACD Aggressive Scalp SimpleComment on the Script
Purpose and Structure:
The script is a scalping strategy based on the MACD indicator combined with EMA (50) as a trend filter.
It uses the MACD histogram's crossover/crossunder of zero to trigger entries and exits, allowing the trader to capitalize on short-term momentum shifts.
The use of strategy.close ensures that positions are closed when specified conditions are met, although adjustments were made to align with Pine Script version 6.
Strengths:
Simplicity and Clarity: The logic is straightforward and focuses on essential scalping principles (momentum-based entries and exits).
Visual Indicators: The plotted MACD line, signal line, and histogram columns provide clear visual feedback for the strategy's operation.
Trend Confirmation: Incorporating the EMA(50) as a trend filter helps avoid trades that go against the prevailing trend, reducing the likelihood of false signals.
Dynamic Exit Conditions: The conditional logic for closing positions based on weakening momentum (via MACD histogram change) is a good way to protect profits or minimize losses.
Potential Improvements:
Parameter Inputs:
Make the MACD (12, 26, 9) and EMA(50) values adjustable by the user through input statements for better customization during backtesting.
Example:
pine
Copy code
macdFast = input(12, title="MACD Fast Length")
macdSlow = input(26, title="MACD Slow Length")
macdSignal = input(9, title="MACD Signal Line Length")
emaLength = input(50, title="EMA Length")
Stop Loss and Take Profit:
The strategy currently lacks explicit stop-loss or take-profit levels, which are critical in a scalping strategy to manage risk and lock in profits.
ATR-based or fixed-percentage exits could be added for better control.
Position Size and Risk Management:
While the script uses 50% of equity per trade, additional options (e.g., fixed position sizes or risk-adjusted sizes) would be beneficial for flexibility.
Avoid Overlapping Signals:
Add logic to prevent overlapping signals (e.g., opening a new position immediately after closing one on the same bar).
Backtesting Optimization:
Consider adding labels or markers (label.new or plotshape) to visualize entry and exit points on the chart for better debugging and analysis.
The inclusion of performance metrics like max drawdown, Sharpe ratio, or profit factor would help assess the strategy's robustness during backtesting.
Compatibility with Live Trading:
The strategy could be further enhanced with alert conditions using alertcondition to notify the trader of buy/sell signals in real-time.
Liquid Pours XtremeStrategy Description: Liquid Pours Xtreme
The Liquid Pours Xtreme is an innovative trading strategy that combines the analysis of specific time-based patterns with price comparisons to identify potential opportunities in the forex market. Designed for traders seeking a structured methodology based on clear rules, this strategy offers integration with Telegram for real-time alerts and provides visual tools to enhance trade management.
Key Features:
Analysis of Specific Time Patterns: The strategy captures and compares closing prices at two key moments during the trading day, identifying recurring patterns that may indicate future market movements.
Dynamic SL and TP Levels Implementation: Utilizes tick-based calculations to set Stop-Loss and Take-Profit levels, adapting to the current market volatility.
Advanced Telegram Integration: Provides detailed alerts including information such as the asset, signal time, entry price, and SL/TP levels, facilitating real-time decision-making.
Complete Customization: Allows users to adjust key parameters, including operation schedules, weekdays, and visual settings, adapting to different trading styles.
Enhanced Chart Visualization: Includes visual elements like candle color changes based on signal state, event markers, and halos to highlight important moments.
Default Strategy Properties: Specific configuration for optimal risk management and simulation.
How the Strategy Works
Capturing Prices at Key Moments:
- The strategy records the closing price at two user-defined specific times. These times typically correspond to periods of high market volatility, such as the opening of the European session and the US pre-market.
- Rationale: Volatility and trading volume usually increase during these times, presenting opportunities for significant price movements.
Generating Signals Based on Price Comparison:
- Buy Signal: If the second closing price is lower than the first, it indicates possible accumulation and is interpreted as a bullish signal.
- Sell Signal: If the second closing price is higher than the first, it suggests possible distribution and is interpreted as a bearish signal.
- Signals are only generated on selected trading days, allowing you to avoid days with lower liquidity or higher risk.
Calculating Dynamic SL and TP Levels:
- Stop-Loss (SL) and Take-Profit (TP) levels are calculated based on the entry price and a user-defined number of ticks, adapting to market volatility.
- The strategy offers the option to base these levels on the close of the signal candle or the open of the next candle, providing flexibility according to the trader's preference.
- SL and TP boxes are drawn on the chart for visual reference, facilitating trade management.
Automatic Execution and Alerts:
- Upon signal generation, the strategy automatically executes a market order (buy or sell).
- Sends a detailed alert to your Telegram channel, including essential information for quick decision-making.
Visual Elements:
- Colors candles based on the signal state: buy, sell, or neutral, allowing for quick trend identification.
- Provides a smooth color transition between signal states and uses markers and halos to highlight important events and signals on the chart.
Trade Management:
- Manages open trades with automatic exit conditions based on the established SL and TP levels.
- Includes mechanisms to prevent exceeding TradingView's limitations on boxes and labels, ensuring optimal script performance.
Originality and utility:
- This strategy incorporates a unique approach focusing on specific time patterns and their relationship to institutional activity in the market.
How to Use the Strategy
Add the Script to the Chart:
- Go to the indicators menu in TradingView.
- Search for " Liquid Pours Xtreme " and add it to your chart.
Set Up Telegram Alerts:
- Enter your Telegram Chat ID in the script parameters to receive alerts.
- Customize the Buy and Sell alert messages as desired.
Configure Time Patterns:
- Set the hours and minutes for the two times you want to compare closing prices, aligning them with relevant market sessions or events.
Set SL and TP Parameters:
- Define the number of ticks for the Stop-Loss and Take-Profit levels, adapting them to the asset you're trading and your risk tolerance.
- Choose the basis for SL and TP calculation (close of the signal candle or open of the next candle).
Select Trading Days:
- Enable or disable trading on specific days of the week, allowing you to avoid days with lower activity or unexpected volatility.
Customize Visual Elements:
- Adjust the colors and styles of visual elements to enhance readability and suit your personal preferences.
Monitor the Strategy:
- Observe the chart for signals and use Telegram alerts to stay informed of new opportunities, even when you're not at your terminal.
Testing and Optimization:
- Use TradingView's backtesting features to evaluate the historical performance of the strategy with different parameters.
- Adjust and optimize the parameters based on the results and your own analysis.
Adjust the Strategy Properties:
- Ensure that the strategy properties (order size, commission, slippage) are aligned with your trading account and platform to obtain realistic results.
Strategy Properties (Important)
This script backtest is conducted on M30 EURUSD , using the following backtesting properties:
Initial Capital: $10,000
Order Size: 50,000 Contracts (equivalent to 0.5% of the capital)
Commission: $0.20 per order
Slippage: 1 tick
Pyramiding: 1 order
Verify Price for Limit Orders: 0 ticks
Recalculate on Order Execution: Enabled
Recalculate on Every Tick: Enabled
Recalculate After Order Filled: Enabled
Bar Magnifier for Backtesting Precision: Enabled
We use these properties to ensure a realistic preview of the backtesting system. Note that default properties may vary for different reasons:
- Order Size: It is essential to calculate the contract size according to the traded asset and desired risk level.
- Commission and Slippage: These costs can vary depending on the market and instrument; there is no default value that might return realistic results.
We strongly recommend all users adjust the Properties within the script settings to align with their accounts and trading platforms to ensure the results from the strategies are realistic.
Backtesting Results:
- Net Profit: $4,037.50 (40.37%)
- Total Closed Trades : 292
- Profitability Percentage: 26.71%
- Profit Factor: 1.369
- Max Drawdown: $769.30 (6.28%)
- Average Trade: $13.83 (0.03%)
- Average Bars in Trades: 11
These results were obtained under the mentioned conditions and properties, providing an overview of the strategy's historical performance.
Interpreting Results:
- The strategy has demonstrated profitability in the analyzed period, although with a win rate of 26.71%, indicating that success relies on a favorable risk-reward ratio.
- The profit factor of 1.369 suggests that total gains exceed total losses by that proportion.
- It is crucial to consider the maximum drawdown of 6.28% when evaluating the strategy's suitability to your risk tolerance.
Risk Warning:
Trading leveraged financial instruments carries a high level of risk and may not be suitable for all investors. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk tolerance. Past performance does not guarantee future results. It is essential to conduct additional testing and adjust the strategy according to your needs.
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What Makes This Strategy Original?
Time-Based Pattern Approach: Unlike conventional strategies, this strategy focuses on identifying time patterns that reflect institutional activity and macroeconomic events that can influence the market.
Advanced Technological Integration: The combination of automatic execution and customized alerts via Telegram provides an efficient and modern tool for active traders.
Customization and Adaptability: The wide range of adjustable parameters allows the strategy to be tailored to different assets, time zones, and trading styles.
Enhanced Visual Tools: Incorporated visual elements facilitate quick market interpretation and informed decision-making.
Additional Considerations
Continuous Testing and Optimization: Users are encouraged to perform additional backtesting and optimize parameters according to their own observations and requirements.
Complementary Analysis: Use this strategy in conjunction with other indicators and fundamental analysis to reinforce decision-making.
Rigorous Risk Management: Ensure that SL and TP levels, as well as position sizing, align with your risk management plan.
Updates and Support: I am committed to providing updates and improvements based on community feedback. For inquiries or suggestions, feel free to contact me.
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Example Configuration
Assuming you want to use the strategy with the following parameters:
Telegram Chat ID: Your unique Telegram Chat ID
First Time (Hour:Minute): 6:30
Second Time (Hour:Minute): 7:30
SL Ticks: 100
TP Ticks: 400
SL and TP Basis: Close of the Signal Candle
Trading Days: Tuesday, Wednesday, Thursday
Simulated Initial Capital: $10,000
Risk per Trade in Simulation: $50 (-0.5% of capital)
Slippage and Commissions in Simulation: 1 tick of slippage and $0.20 commission per trade
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Conclusion
The Liquid Pours Xtreme strategy offers an innovative approach by combining specific time analysis with robust risk management and modern technological tools. Its original and adaptable design makes it valuable for traders looking to diversify their methods and capitalize on opportunities based on less conventional patterns.
Ready for immediate implementation in TradingView, this strategy can enrich your trading arsenal and contribute to a more informed and structured approach to your operations.
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Final Disclaimer:
Financial markets are volatile and can present significant risks. This strategy should be used as part of a comprehensive trading approach and does not guarantee positive results. It is always advisable to consult with a professional financial advisor before making investment decisions.
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RSI Strategy With TP/SL - Lower TFThis Pine Script strategy integrates the Relative Strength Index (RSI) for trade signals with user-defined Take Profit (TP) and Stop Loss (SL) levels. It's designed for flexible application in different market conditions, offering long, short, or dual-direction trading.
Short Description
The strategy uses the RSI to identify overbought and oversold market conditions:
Buy signal: When RSI drops below the specified "Buy Level."
Sell signal: When RSI rises above the "Sell Level."
Additionally, it manages risk and profit targets with:
Take Profit (TP): Exits trades when the price reaches a percentage gain.
Stop Loss (SL): Exits trades to limit losses if the price falls by a certain percentage.
The strategy is versatile and includes options for visualizing performance, monthly profit/loss data, and detailed trade metrics.
How to Use
Set Parameters:
RSI Period: Default is 14. Adjust based on your analysis.
RSI Buy/Sell Levels:
Buy Level: Default is 40. Consider higher levels for conservative entries.
Sell Level: Default is 60. Lower this for earlier exits.
Take Profit (%): Set your profit target (default: 5%).
Stop Loss (%): Set your risk tolerance (default: 2%).
Trade Direction: Choose "Long Only," "Short Only," or "Both."
Interpret Signals:
Buy signals appear when RSI crosses below the buy threshold.
Sell signals appear when RSI crosses above the sell threshold.
Risk Management:
The strategy dynamically calculates TP and SL levels for each trade.
TP/SL is applied using the percentage input based on the entry price.
Monitor Performance:
Review trade statistics in the "Strategy Tester."
Use the monthly performance table to track P/L across months.
Customize Alerts:
Alerts for buy, sell, TP, and SL events can be used to automate notifications.
Key Features
Configurable RSI Settings: Adaptable to various market conditions.
Risk Management: Built-in TP and SL management.
Customizable Trade Direction: Tailored for long-only, short-only, or both directions.
Monthly P/L Table: Visualizes performance trends over time.
Alerts: Notifies when critical trade events occur.
Please do your own research before ase this to your real trading.
US 30 Daily Breakout Strategy The US 30 Daily Breakout Strategy (Single Trade Per Breakout/Breakdown) is a trading approach for the US 30 (Dow Jones Industrial Average) that aims to capture breakout or breakdown moves based on the previous day’s high and low levels. The strategy includes mechanisms to take only one trade per breakout (or breakdown) each day and ensures that each trade is executed only when no other trade is open.
Entry Conditions:
Long Trade (Breakout): The strategy initiates a long position if the current candle closes above the previous day's high, indicating an upward breakout. Only one breakout trade can occur per day, regardless of whether the price remains above the previous high.
Short Trade (Breakdown): The strategy initiates a short position if the current candle closes below the previous day's low, indicating a downward breakdown. Similarly, only one breakdown trade can occur per day.
Risk Management:
Take Profit and Stop Loss: Each trade has a take profit and stop loss of 50 points, aiming to cap profit and limit loss effectively for each position.
Daily Reset Mechanism:
At the start of each new day (based on New York time), the strategy resets its flags, allowing it to look for new breakout or breakdown trades. This reset ensures that only one trade can be taken per breakout or breakdown level each day.
Execution Logic
Flags for Trade Limitation: Flags (breakout_traded and breakdown_traded) are used to ensure only one breakout or breakdown trade is taken per day. These flags reset daily.
Dynamic Plotting: The previous day’s high and low are plotted on the chart, providing a visual reference for potential breakout or breakdown levels.
Overall Objective
This strategy is designed to capture single-directional daily moves by identifying significant breakouts or breakdowns beyond the previous day’s range. The fixed profit and loss limits ensure the trades are managed with controlled risk, while the daily reset feature prevents overtrading and limits each trade opportunity to one breakout and one breakdown attempt per day.
Bullish B's - RSI Divergence StrategyThis indicator strategy is an RSI (Relative Strength Index) divergence trading tool designed to identify high-probability entry and exit points based on trend shifts. It utilizes both regular and hidden RSI divergence patterns to spot potential reversals, with signals for both bullish and bearish conditions.
Key Features
Divergence Detection:
Bullish Divergence: Signals when RSI indicates momentum strengthening at a lower price level, suggesting a reversal to the upside.
Bearish Divergence: Signals when RSI shows weakening momentum at a higher price level, indicating a potential downside reversal.
Hidden Divergences: Looks for hidden bullish and bearish divergences, which signal trend continuation points where price action aligns with the prevailing trend.
Volume-Adjusted Entry Signals:
The strategy enters long trades when RSI shows bullish or hidden bullish divergence, indicating an upward momentum shift.
An optional volume filter ensures that only high-volume, high-conviction trades trigger a signal.
Exit Signals:
Exits long positions when RSI reaches a customizable overbought level, typically indicating a potential reversal or profit-taking opportunity.
Also closes positions if bearish divergence signals appear after a bullish setup, providing protection against trend reversals.
Trailing Stop-Loss:
Uses a trailing stop mechanism based on ATR (Average True Range) or a percentage threshold to lock in profits as the price moves in favor of the trade.
Alerts and Custom Notifications:
Integrated with TradingView alerts to notify the user when entry and exit conditions are met, supporting timely decision-making without constant monitoring.
Customizable Parameters:
Users can adjust the RSI period, pivot lookback range, overbought level, trailing stop type (ATR or percentage), and divergence range to fit their trading style.
Ideal Usage
This strategy is well-suited for trend traders and swing traders looking to capture reversals and trend continuations on medium to long timeframes. The divergence signals, paired with trailing stops and volume validation, make it adaptable for multiple asset classes, including stocks, forex, and crypto.
Summary
With its focus on RSI divergence, trailing stop-loss management, and volume filtering, this strategy aims to identify and capture trend changes with minimized risk. This allows traders to efficiently capture profitable moves and manage open positions with precision.
This Strategy BEST works with GLD!
Stochastic RSI OHLC StrategyThe script titled "Stochastic RSI High Low Close Bars" is a versatile trading strategy implemented in Pine Script, designed for TradingView. Here's an overview of its features:
Description
This strategy leverages the Stochastic RSI to determine entry and exit signals in the market, focusing on high, low, and close values of the indicator. It incorporates various trading styles, stop-loss mechanisms, and multi-timeframe analysis to adapt to different market conditions.
Key Features
Stochastic RSI Analysis:
Uses the Stochastic RSI to identify potential entry points for long and short positions.
Tracks high, low, and close values for more granular analysis.
Multiple Trading Styles:
Supports diverse trading styles like Volume Color Swing, RSI Divergence, RSI Pullback, and more.
Allows switching between these styles to suit market dynamics.
Session-Based Trading:
Offers session control, limiting trades to specific hours (e.g., NY sessions).
Can close all positions at the end of the trading day.
Stop-Loss and Take-Profit Mechanisms:
Includes both static and dynamic stop-losses, with options for time-based stops, trailing stops, and momentum-based exits.
Customizable take-profit levels ensure efficient trade management.
Volume Analysis:
Integrates volume indicators to add a bias for trade entries and exits, enhancing signal reliability.
Multi-Timeframe Integration:
Employs multi-timeframe RSI analysis, allowing the strategy to capture broader trends and optimize entries.
This script is designed to provide flexibility and adaptability, making it useful for different trading strategies and market conditions. It is suitable for traders looking to refine their entries and exits with a focus on the Stochastic RSI.
NNFX RSI EMA FVMA MACD ALGOThis Pine Script introduces a cutting-edge trading strategy that seamlessly integrates multiple technical indicators—namely, the Flexible Variable Moving Average ( FVMA ), Relative Strength Index ( RSI ), Moving Average Convergence Divergence ( MACD ), and Exponential Moving Average ( EMA )—to deliver a sophisticated trading experience. This script stands out due to its comprehensive approach, robust risk management, and the inclusion of crucial data tables for various timeframes, making it an invaluable tool for traders seeking to enhance their market performance.
Originality of the Strategy:
The originality of this script lies in its unique combination of multiple powerful indicators, enabling traders to benefit from diverse perspectives on market dynamics. This mashup enhances decision-making processes, providing multiple layers of confirmation for trade entries and exits. The strategy is designed to offer an innovative solution for traders looking to improve their performance through well-defined rules and a solid framework.
Flexible Variable Moving Average (FVMA):
The FVMA adapts dynamically to market conditions, offering a more responsive trend line than traditional moving averages. This flexibility allows for quick identification of trends and reversals, crucial for fast-paced trading environments.
Exponential Moving Average (EMA):
By giving greater weight to recent price data, the EMA enhances sensitivity to price changes, allowing for more accurate entries and exits when used alongside the FVMA. This combination maximizes the effectiveness of the strategy in identifying optimal trading opportunities.
Relative Strength Index (RSI):
The RSI helps identify overbought or oversold conditions, integrating seamlessly with other indicators to enhance the strategy's ability to pinpoint potential reversal points. This aspect of the strategy ensures that traders can make informed decisions based on market momentum.
Moving Average Convergence Divergence (MACD):
The MACD serves as an essential confirmation tool, providing insights into trend strength and momentum. This enhances the accuracy of entry and exit signals, allowing traders to make more informed decisions based on robust technical analysis.
Multi-Take Profit (TP) and Stop Loss (SL) Levels:
The strategy supports multiple TPs, allowing traders to lock in profits at various levels while effectively managing risk through a robust SL system. This flexibility caters to diverse trading styles and risk profiles, ensuring that the strategy can adapt to individual trader needs.
Default Properties:
Take Profit Levels: TP1 is set to 2.0, and TP2 is set to 2.9, which is designed to enhance profit potential while maintaining a solid risk-reward ratio.
Stop Loss: A SL is set at 2% of the 5% account balance, which helps to preserve capital and manage risk effectively, adhering to the guideline of not risking more than 5-10% of the account balance per trade.
Labeling System for Exits: Automatic labeling of TP and SL exits on the chart provides clear visualization of trading outcomes. This feature supports informed decision-making and performance tracking, aligning with the guideline of providing transparent results.
Custom Alerts System:
The inclusion of customizable alerts for trade entries, exits, and SL/TP hits keeps traders informed in real-time, enabling prompt actions without constant market monitoring. This is crucial for effective trade management and helps traders respond quickly to market changes.
API Boxes for Automated Trading:
The strategy features API boxes, allowing traders to set up automated trading based on indicator signals. This functionality enables seamless integration with trading platforms, enhancing efficiency and streamlining the trading process, which is particularly valuable for traders looking to optimize their execution.
Data Tables for Enhanced Analysis:
The script includes data tables displaying critical insights across various timeframes: 2-hour, daily, weekly, and monthly. These tables provide a comprehensive overview of market conditions, allowing traders to analyze trends and make informed decisions based on a broad spectrum of data. By leveraging this information, traders can identify high-probability setups and align their strategies with prevailing market trends, significantly increasing their chances of success.
Default Properties:
Initial Capital: £1,000, ensuring a realistic starting point for traders.
Risk per Trade: 5% of the account balance, promoting sustainable trading practices.
Commission: 0.1%, reflecting realistic transaction costs that traders may encounter.
Slippage: 1%, accounting for potential market volatility during trade execution.
Take Profit Levels:
TP1: 2.0
TP2: 2.9
Stop Loss (SL): 2% of the 5% account balance, which is well within acceptable risk parameters.
Compliance with TradingView Guidelines:
This script fully complies with TradingView's guidelines, specifically:
Strategy Results:
The strategy is designed to publish backtesting results that do not mislead traders. The realistic parameters outlined in the default properties ensure that traders have a clear understanding of potential outcomes.
The dataset used for backtesting has sufficient trades to produce a reliable sample size, aligning with the guideline of ideally having more than 100 trades.
Any deviations from recommended practices are justified in the script description, ensuring transparency and adherence to best practices.
The script explains the default properties in detail, providing a thorough understanding of how these settings influence performance.
Why This Script is Worth Paying For:
This Pine Script offers an unparalleled trading experience through its unique combination of technical indicators, comprehensive trade management features, and detailed data tables for multiple timeframes. Here are compelling reasons to invest in this strategy:
Holistic Approach: The integration of multiple indicators ensures a well-rounded perspective on market conditions, increasing the likelihood of successful trades.
Advanced Risk Management: The flexibility of multiple TPs and SLs empowers traders to tailor their risk profiles according to individual strategies, enhancing overall profitability.
Automated Trading Capability: The inclusion of API boxes for automated trading streamlines execution, allowing traders to capitalize on opportunities without the need for manual intervention.
Comprehensive Data Analysis: The detailed data tables provide invaluable insights across different timeframes, enabling traders to make informed decisions based on robust market analysis.
In summary, this innovative Pine Script represents a powerful tool designed to empower traders at all levels. Its originality, synergistic functionality, and comprehensive features create a dynamic and effective trading environment, justifying its value and positioning it as a must-have for anyone serious about achieving consistent trading success.
DMR By ANTExplanation of the DMR by ANT Script
a. What is This Script and How Is It Useful?
This Pine Script, named "DMR by ANT, " is designed for use on TradingView, focusing on dynamically assessing market conditions. It calculates key levels, specifically the high and low of the previous two days, to establish trading zones that assist traders in making informed decisions.
The script highlights:
Previous Day's High and Low : It captures the high and low prices from the previous two days to help set up trading ranges.
First 15 Minutes Candles High and low is marked with Orange Lines .
Trade Zones : It identifies whether the current price is in a 'tradeable' zone or 'non-tradeable' zone. The zones are determined based on the relationship between the current price, today's open price, and the calculated high and low levels.
Targets and Stop Losses : The script dynamically provides target and stop-loss levels based on user-defined input points, which can help manage risk effectively.
This script is beneficial for traders looking to enter (or avoid) trades based on defined price action criteria and can effectively streamline the analysis process in fast-moving markets.
Customize Input Parameters:(settings)
Adjust the ATR, based on ATR target and stop-loss is calculated and displayed. The default values 7(rest see the help), Dynamics changes based on ATR values changes in real time.
b. How to Effectively Use This Script
The DMR script can be utilized across various trading instruments, including:
Indexes: Suitable for gauging market sentiment and overall trends; can assist in short-term trading strategies.
Options: Helps determine the likely movement of the underlying assets, providing insight into probable volatility and directional bias.
ETFs (Exchange-Traded Funds): Useful for trading diversified portfolios; traders can define entry and exit points relevant to the basket of stocks.
Stocks: Ideal for individual stock trading, as traders can analyze stock movements concerning broader market trends.
When utilizing this script, traders should:
Identify key trading levels before entering trades based on the calculated high and low ranges.
Use the dynamic targets and stop-loss levels to protect capital and maximize potential gains.
Continuously monitor the script's signals and adapt to ongoing market changes.
c. Best Time Frames for Different Instruments
The optimal time frames for using the DMR script can vary based on the trading instrument.
Here’s a summary in tabular format for clearer guidance:
Instrument Best Time Frames
Index 5-minute, 15-minute, 1-hour
Options 1-minute, 5-minute, 15-minute
ETF 5-minute, 15-minute, 1-hour
Stocks 5-minute, 15-minute, 1-hour, Daily
Indexes: Shorter time frames (5 to 15 minutes) can capture quick market movements, while 1-hour frames can provide a broader market overview.
Options Trading: Given the time sensitivity of options, using very short time frames (1-5 minutes) can be effective to seize rapid price movements before expiry.
ETFs: Similar to indices, shorter frames help in effectively tracking movements of the underlying assets.
Stocks: A mix of short (5-15 minutes) for day trading and daily charts for swing trading can provide balanced insights.
Conclusion
Utilizing the DMR by ANT script can greatly enhance a trader's ability to analyze market conditions, identify opportunities, and manage risk effectively. By adapting the script through the different listed recommendations, traders can maximize their trading strategy’s effectiveness across various instruments.
Do comment below for further improvement.
Gauss KenJi Robot
Gauss KenJi Trading Robot: Precision and Automation for Traders
The Gauss KenJi robot is a cutting-edge trading solution designed for experienced traders seeking to enhance their decision-making through advanced statistical models and automation. Unlike traditional trading tools that rely on generic indicators prone to false signals, the Gauss KenJi robot offers an innovative approach by utilizing two unique indicators: the Kenji Indicator v.2.0 and the Gauss Indicator .
Kenji Indicator v.2.0
Traditional moving averages and related indicators often fail in flat market conditions, where frequent crossovers lead to confusing signals and false trends. The Kenji Indicator addresses this issue by using a combination of correlation analysis and moving averages to more accurately identify the market’s state. This real-time insight allows for better navigation of local trends, reducing noise and increasing the precision of trade signals.
Gauss Indicator
The Gauss Indicator brings the power of statistical analysis into trading by applying the 3 sigmas rule. It calculates and predicts the likely price ranges for specific time frames (hourly, daily, weekly) with probabilities of 68%, 95%, and 99%. This offers traders an actionable framework for setting stop-loss, take-profit, and identifying key support and resistance levels. By providing a clearer view of potential price movements, the Gauss Indicator improves decision-making, ensuring that traders enter and exit the market at optimal points.
Gauss KenJi Robot: How it Works
The Gauss KenJi robot operates on a statistical algorithm based on the Gaussian function, which uses market volatility as a core indicator of price movements. The robot opens positions in the direction of the trend when the price reaches the predetermined Gauss border. Position sizes are calculated according to the “Initial_lot” parameter, with stop-loss and take-profit levels defined by the “Pips” parameter. Trades are automatically closed either when profit targets or stop-loss limits are reached, or if local trend reversals are detected by the Kenji Indicator.
This highly adaptable algorithm can be applied to any asset class (stocks, forex, crypto, commodities) and any time frame, providing traders with a versatile tool to navigate various markets.
Why Gauss KenJi is Essential for Traders
1. Time Efficiency: The robot operates autonomously, allowing traders to step away from constant chart monitoring while still capitalizing on market movements.
2. Profit Maximization: By leveraging machine learning and advanced statistical models, the robot identifies opportunities faster than human traders, ensuring more profitable trades.
3. Risk Management: The robot strictly adheres to predefined rules, helping traders minimize losses and protect their capital in volatile market conditions.
4. Cross-market Versatility: Whether you’re trading forex, stocks, crypto, or commodities, Gauss KenJi adapts to different markets and time frames, making it a versatile tool for professional traders.
The Gauss KenJi robot is a comprehensive, scientifically driven trading solution designed to eliminate common pitfalls associated with traditional indicators. Its combination of the Kenji Indicator’s trend identification and the Gauss Indicator’s price prediction capabilities makes it an indispensable tool for traders looking to enhance both the precision of their trades and the automation of their strategies. Whether you are aiming for consistent daily profits or optimizing long-term trading strategies, Gauss KenJi offers the efficiency and accuracy required to stay ahead in today’s competitive markets.
Versatile Moving Average StrategyVersatile Moving Average Strategy (VMAS)
Overview:
The Versatile Moving Average Strategy (VMAS) is designed to provide traders with a flexible approach to trend-following, utilizing multiple types of moving averages. This strategy allows for customization in choosing the moving average type and length, catering to various market conditions and trading styles.
Key Features:
- Multiple Moving Average Types: Choose from SMA, EMA, SMMA (RMA), WMA, VWMA, HULL, LSMA, and ALMA to best suit your trading needs.
- Customizable Inputs: Adjust the moving average length, source of price data, and stop-loss source to fine-tune the strategy.
- Target Percent: Set the percentage difference between successive profit targets to manage your risk and rewards effectively.
- Position Management: Enable or disable long and short positions, allowing for versatility in different market conditions.
- Commission and Slippage: The strategy includes realistic commission settings to ensure accurate backtesting results.
Strategy Logic:
1. Moving Average Calculation: The selected moving average is calculated based on user-defined parameters.
2. Entry Conditions:
- A long position is entered when the entry source crosses over the moving average, if long positions are enabled.
- A short position is entered when the entry source crosses under the moving average, if short positions are enabled.
3. Stop-Loss: Positions are closed if the stop-loss source crosses the moving average in the opposite direction.
4. Profit Targets: Multiple profit targets are defined, with each target set at an incremental percentage above (for long positions) or below (for short positions) the entry price.
Default Properties:
- Account Size: $10000
- Commission: 0.01% per trade
- Risk Management: Positions are sized to risk 80% of the equity per trade, because we get very tight stoploss when position is open.
- Sample Size: Backtesting has been conducted to ensure a sufficient sample size of trades, ideally more than 100 trades.
How to Use:
1. Configure Inputs: Set your preferred moving average type, length, and other input parameters.
2. Enable Positions: Choose whether to enable long, short, or both types of positions.
3. Backtest and Analyze: Run backtests with realistic settings and analyze the results to ensure the strategy aligns with your trading goals.
4. Deploy and Monitor: Once satisfied with the backtesting results, deploy the strategy in a live environment and monitor its performance.
This strategy is suitable for traders looking to leverage moving averages in a versatile and customizable manner. Adjust the parameters to match your trading style and market conditions for optimal results.
Note: Ensure the strategy settings used for publication are the same as those described here. Always conduct thorough backtesting before deploying any strategy in a live trading environment.
HilalimSB Strategy HilalimSB A Wedding Gift 🌙
What is HilalimSB🌙?
First of all, as mentioned in the title, HilalimSB is a wedding gift.
HilalimSB - Revealing the Secrets of the Trend
HilalimSB is a powerful indicator designed to help investors analyze market trends and optimize trading strategies. Designed to uncover the secrets at the heart of the trend, HilalimSB stands out with its unique features and impressive algorithm.
Hilalim Algorithm and Fixed ATR Value:
HilalimSB is equipped with a special algorithm called "Hilalim" to detect market trends. This algorithm can delve into the depths of price movements to determine the direction of the trend and provide users with the ability to predict future price movements. Additionally, HilalimSB uses its own fixed Average True Range (ATR) value. ATR is an indicator that measures price movement volatility and is often used to determine the strength of a trend. The fixed ATR value of HilalimSB has been tested over long periods and its reliability has been proven. This allows users to interpret the signals provided by the indicator more reliably.
ATR Calculation Steps
1.True Range Calculation:
+ The True Range (TR) is the greatest of the following three values:
1. Current high minus current low
2. Current high minus previous close (absolute value)
3. Current low minus previous close (absolute value)
2.Average True Range (ATR) Calculation:
-The initial ATR value is calculated as the average of the TR values over a specified period
(typically 14 periods).
-For subsequent periods, the ATR is calculated using the following formula:
ATRt=(ATRt−1×(n−1)+TRt)/n
Where:
+ ATRt is the ATR for the current period,
+ ATRt−1 is the ATR for the previous period,
+ TRt is the True Range for the current period,
+ n is the number of periods.
Pine Script to Calculate ATR with User-Defined Length and Multiplier
Here is the Pine Script code for calculating the ATR with user-defined X length and Y multiplier:
//@version=5
indicator("Custom ATR", overlay=false)
// User-defined inputs
X = input.int(14, minval=1, title="ATR Period (X)")
Y = input.float(1.0, title="ATR Multiplier (Y)")
// True Range calculation
TR1 = high - low
TR2 = math.abs(high - close )
TR3 = math.abs(low - close )
TR = math.max(TR1, math.max(TR2, TR3))
// ATR calculation
ATR = ta.rma(TR, X)
// Apply multiplier
customATR = ATR * Y
// Plot the ATR value
plot(customATR, title="Custom ATR", color=color.blue, linewidth=2)
This code can be added as a new Pine Script indicator in TradingView, allowing users to calculate and display the ATR on the chart according to their specified parameters.
HilalimSB's Distinction from Other ATR Indicators
HilalimSB emerges with its unique Average True Range (ATR) value, presenting itself to users. Equipped with a proprietary ATR algorithm, this indicator is released in a non-editable form for users. After meticulous testing across various instruments with predetermined period and multiplier values, it is made available for use.
ATR is acknowledged as a critical calculation tool in the financial sector. The ATR calculation process of HilalimSB is conducted as a result of various research efforts and concrete data-based computations. Therefore, the HilalimSB indicator is published with its proprietary ATR values, unavailable for modification.
The ATR period and multiplier values provided by HilalimSB constitute the fundamental logic of a trading strategy. This unique feature aids investors in making informed decisions.
Visual Aesthetics and Clear Charts:
HilalimSB provides a user-friendly interface with clear and impressive graphics. Trend changes are highlighted with vibrant colors and are visually easy to understand. You can choose colors based on eye comfort, allowing you to personalize your trading screen for a more enjoyable experience. While offering a flexible approach tailored to users' needs, HilalimSB also promises an aesthetic and professional experience.
Strong Signals and Buy/Sell Indicators:
After completing test operations, HilalimSB produces data at various time intervals. However, we would like to emphasize to users that based on our studies, it provides the best signals in 1-hour chart data. HilalimSB produces strong signals to identify trend reversals. Buy or sell points are clearly indicated, allowing users to develop and implement trading strategies based on these signals.
For example, let's imagine you wanted to open a position on BTC on 2023.11.02. You are aware that you need to calculate which of the buying or selling transactions would be more profitable. You need support from various indicators to open a position. Based on the analysis and calculations it has made from the data it contains, HilalimSB would have detected that the graph is more suitable for a selling position, and by producing a sell signal at the most ideal selling point at 08:00 on 2023.11.02 (UTC+3 Istanbul), it would have informed you of the direction the graph would follow, allowing you to benefit positively from a 2.56% decline.
Technology and Innovation:
HilalimSB aims to enhance the trading experience using the latest technology. With its innovative approach, it enables users to discover market opportunities and support their decisions. Thus, investors can make more informed and successful trades. Real-Time Data Analysis: HilalimSB analyzes market data in real-time and identifies updated trends instantly. This allows users to make more informed trading decisions by staying informed of the latest market developments. Continuous Update and Improvement: HilalimSB is constantly updated and improved. New features are added and existing ones are enhanced based on user feedback and market changes. Thus, HilalimSB always aims to provide the latest technology and the best user experience.
Social Order and Intrinsic Motivation:
Negative trends such as widespread illegal gambling and uncontrolled risk-taking can have adverse financial effects on society. The primary goal of HilalimSB is to counteract these negative trends by guiding and encouraging users with data-driven analysis and calculable investment systems. This allows investors to trade more consciously and safely.
What is HilalimSB Strategy🌙?
HilalimSB Strategy is a strategy that is supported by the HilalimSB algorithm created by the creator of HilalimSB and continues transactions with take profit and stop loss levels determined by users who strategically and automatically open transactions as a result of the data it receives and automatically closes transactions under necessary conditions. It is a first in the tradingview world with its unique take profit and stop loss markings. HilalimSB Strategy is open to users' initiatives and is a trading strategy developed on BTC.
What does the HilalimSB Strategy target?
The main purpose of HilalimSB Strategy is to reduce the transaction load of traders and to be integrated into various brokerage firms and operated by automatic trading bots, and it is aimed to serve this purpose. In addition to the strategies currently available in the markets, HilalimSB Strategy offers a useful infrastructure to traders with its useful interface. HilalimSB Strategy, which was decided to be published as a result of various calculations, was offered to the users with its unique visual effects after the completion of the testing procedures under market conditions.
HilalimSB Strategy and Heikin Ashi
HilalimSB Strategy produces data in Heikin Ashi chart types, but since Heikin Ashi chart types have their own calculation method, HilalimSB Strategy has been published in a way that cannot produce data in this chart type due to HilalimSB Strategy's ideology of appealing to all types of users, and any confusion that may arise is prevented in this way.
After the necessary conditions determined by the creator of HilalimSB are met, HilalimSB Heikin Ashi will be shared exclusively with invited users only, upon request, to users who request an invitation.
Differences between HilalimSB Strategy and HilalimSB
HilalimSB Strategy has been shared as a strategy and its features have been explained above. HilalimSB is a trading indicator and this is the main difference between them.We can explain it briefly this way.
Here are the differences between indicators and strategies:
1.Purpose and Use:
Indicators: Analyze market data to provide information about price movements and trends. They typically generate buy and sell signals and give traders clues about when to make trades in the market.
Strategies: These are plans for trading based on specific rules. They use signals from indicators and other market data to execute buy and sell transactions.
2.Features:
Indicators: Operate independently and are based on specific mathematical formulas. Examples include moving averages, RSI, and MACD.
Strategies: Combine one or more indicators and other market analysis tools to create a comprehensive trading plan. This plan determines entry and exit points, risk management, and trade size.
3.Scope:
Indicators: Are single analysis tools focusing on specific time frames or price movements.
Strategies: Are comprehensive trading plans that typically involve multiple trades over a certain period.
4.Decision Making:
Indicators: Provide information to traders and help in the decision-making process.
Strategies: Are direct decision-making mechanisms that execute trades automatically according to predetermined rules.
5.Automation:
Indicators: Are mostly interpreted manually and used based on the trader’s discretion.
Strategies: Can be used in automated trading systems and execute trades automatically according to the set rules.
The shared image is a 1-hour chart of BTCUSDC.P determined by the user as 1 percent take profit and 1 percent stop loss. And transactions were opened on Binance with the commission rate determined as 0.017 for the USDC trading pair.
HilalimSB Strategy, which presents users with completely concrete data, has proven itself in testing processes and is a project of SB that aims to reach all user profiles.🌙
Triple EMA + QQE Trend Following Strategy [TradeDots]The "Triple EMA + QQE Trend Following Strategy" harnesses the power of two sophisticated technical indicators, the Triple Exponential Moving Average (TEMA) and the Qualitative Quantitative Estimation (QQE), to generate precise buy and sell signals. This strategy excels in capturing shifts in trends by identifying short-term price momentum and dynamic overbought or oversold conditions.
HOW IT WORKS
This strategy integrates two pivotal indicators:
Triple Exponential Moving Average (TEMA): TEMA enhances traditional moving averages by reducing lag and smoothing the data more effectively. It achieves this by applying the EMA formula three times onto the price, as follows:
tema(src, length) =>
ema1 = ta.ema(src, length)
ema2 = ta.ema(ema1, length)
ema3 = ta.ema(ema2, length)
tema = 3*ema1 - 3*ema2 + ema3
This computation helps to sharpen the sensitivity to price movements.
Qualitative Quantitative Estimation (QQE): The QQE indicator improves upon the standard RSI by incorporating a smoothing mechanism. It starts with the standard RSI, overlays a 5-period EMA on this RSI, and then enhances the result using a double application of a 27-period EMA. A slow trailing line is then derived by multiplying the result with a factor number. This approach establishes a more refined and less jittery trend-following signal, complementing the TEMA to enhance overall market timing during fluctuating conditions.
APPLICATION
Referenced from insights on "Trading Tact," the strategy implementation follows:
First of all, we utilize two TEMA lines: one set at a 20-period and the other at a 40-period. Then following the rules below:
40-period TEMA is rising
20-period TEMA is above 40-period TEMA
Price closes above 20-period TEMA
Today is not Monday
RSI MA crosses the Slow trailing line
This strategy does not employ an active take profit mechanism; instead, it utilizes a trailing stop loss to allow the price to reach the stop loss naturally, thereby maximizing potential profit margins.
DEFAULT SETUP
Commission: 0.01%
Initial Capital: $10,000
Equity per Trade: 80%
Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Reference:
Trading Tact. What Is the QQE Indicator? Retrieved from: tradingtact.com
Dual RSI Differential - Strategy [presentTrading]█ Introduction and How it is Different
The Dual RSI Differential Strategy introduces a nuanced approach to market analysis and trading decisions by utilizing two Relative Strength Index (RSI) indicators calculated over different time periods. Unlike traditional strategies that employ a single RSI and may signal premature or delayed entries, this method leverages the differential between a shorter and a longer RSI. This approach pinpoints more precise entry and exit points, providing a refined tool for traders to exploit market conditions effectively, particularly in overbought and oversold scenarios.
Most important: it is a good eductional code for swing trading.
For beginners, this Pine Script provides a complete function that includes crucial elements such as holding days and the option to configure take profit/stop loss settings:
- Hold Days: This feature ensures that trades are not exited too hastily, helping traders to ride out short-term market volatility. It's particularly valuable for swing trading where maintaining positions slightly longer can lead to capturing significant trends.
- TPSL Condition (None by default): This setting allows traders to focus solely on the strategy's robust entry and exit signals without being constrained by preset profit or loss limits. This flexibility is crucial for learning to adjust strategy settings based on personal risk tolerance and market observations.
BTCUSD 6h LS Performance
█ Strategy, How It Works: Detailed Explanation
🔶 RSI Calculation:
The RSI is a momentum oscillator that measures the speed and change of price movements. It is calculated using the formula:
RSI = 100 - (100 / (1 + RS))
Where RS (Relative Strength) = Average Gain of up periods / Average Loss of down periods.
🔶 Dual RSI Setup:
This strategy involves two RSI indicators:
RSI_Short (RSI_21): Calculated over a short period (21 days).
RSI_Long (RSI_42): Calculated over a longer period (42 days).
Differential Calculation:
The strategy focuses on the differential between these two RSIs:
RSI Differential = RSI_Long - RSI_Short
This differential helps to identify when the shorter-term sentiment diverges from longer-term trends, signaling potential trading opportunities.
BTCUSD Local picuture
🔶 Signal Triggers:
Entry Signal: A buy (long) signal is triggered when the RSI Differential exceeds -5, suggesting strengthening short-term momentum. Conversely, a sell (short) signal occurs when the RSI Differential falls below +5, indicating weakening short-term momentum.
Exit Signal: Trades are generally exited when the RSI Differential reverses past these thresholds, indicating a potential momentum shift.
█ Trade Direction
This strategy accommodates various trading preferences by allowing selections among long, short, or both directions, thus enabling traders to capitalize on diverse market movements and volatility.
█ Usage
The Dual RSI Differential Strategy is particularly suited for:
Traders who prefer a systematic approach to capture market trends.
Those who seek to minimize risks associated with rapid and unexpected market movements.
Traders who value strategies that can be finely tuned to different market conditions.
█ Default Settings
- Trading Direction: Both — allows capturing of upward and downward market movements.
- Short RSI Period: 21 days — balances sensitivity to market movements.
- Long RSI Period: 42 days — smoothens out longer-term fluctuations to provide a clearer market trend.
- RSI Difference Level: 5 — minimizes false signals by setting a moderate threshold for action.
Use Hold Days: True — introduces a temporal element to trading strategy, holding positions to potentially enhance outcomes.
- Hold Days: 5 — ensures that trades are not exited too hastily, helping to ride out short-term volatility.
- TPSL Condition: None — enables traders to focus solely on the strategy's entry and exit signals without preset profit or loss limits.
- Take Profit Percentage: 15% — aims for significant market moves to lock in profits.
- Stop Loss Percentage: 10% — safeguards against large losses, essential for long-term capital preservation.
