hamster-bot MRS 2 (simplified version) MRS - Mean Reversion Strategy (Countertrend) (Envelope strategy)
This script does not claim to be unique and does not mislead anyone. Even the unattractive backtest result is attached. The source code is open. The idea has been described many times in various sources. But at the same time, their collection in one place provides unique opportunities.
Published by popular demand and for ease of use. so that users can track the development of the script and can offer their ideas in the comments. Otherwise, you have to communicate in several telegram chats.
Representative of the family of counter-trend strategies. The basis of the strategy is Mean reversion . You can also read about the Envelope strategy .
Mean reversion , or reversion to the mean, is a theory used in finance that suggests that asset price volatility and historical returns eventually will revert to the long-run mean or average level of the entire dataset.
The strategy is very simple. Has very few settings. Good for beginners to get acquainted with algorithmic trading. A simple adjustment will help avoid overfitting. There are many variations of this strategy, but for understanding it is better to start with this implementation.
Principle of operation.
1)
A conventional MA is being built. (fuchsia line). A limit order is placed on this line to close the position.
2)
(green line) A limit order is placed on this line to open a long position
3)
(red line) A limit order is placed on this line to open a short position
Attention!
Please note that a limit order is used. Conclude that the strategy has a limited capacity. And the results obtained on low-liquid instruments will be too high in the tester. On real auctions there will be a different result.
Note for testing the strategy in the spot market:
When testing in the spot market, do not include both long and short at the same time. It is recommended to test only the long mode on the spot. Short mode for more advanced users.
Settings:
Available types of moving averages:
SMA
EMA
TEMA - triple exponential moving average
DEMA - Double Exponential Moving Average
ZLEMA - Zero lag exponential moving average
WMA - weighted moving average
Hma - Hull Moving Average
Thma - Triple Exponential Hull Moving Average
Ehma - Exponential Hull Moving Average
H - MA built based on highs for n candles | ta.highest(len)
L - MA built based on lows for n candles | ta.lowest(len)
DMA - Donchian Moving Average
A Kalman filter can be applied to all MA
The peculiarity of the strategy is a large selection of MA and the possibility of shifting lines. You can set up a reverse trending strategy on the Donchian channel for example.
Use Long - enable/disable opening a Long position
Use Short - enable/disable opening a Short position
Lot Long, % - % allocated from the deposit for opening a Long position. In the spot market, do not use % greater than 100%
Lot Short, % - allocated % of the deposit for opening a Short position
Start date - the beginning of the testing period
End date - the end of the testing period (Example: only August 2020 can be tested)
Mul - multiplier. Used to offset lines. Example:
Mul = 0.99 is shift -1%
Mul = 1.01 is shift +1%
Non-strict recommendations:
1) Test the SPOT market on crypto exchanges. (The countertrend strategy has liquidation risk on futures)
2) Symbols altcoin/bitcoin or altcoin/altcoin. Example: ETH/BTC or DOGE/ETH
3) Timeframe is usually 1 hour
If the script passes moderation, I will supplement it by adding separate settings for closing long and short positions according to their MA
Cerca negli script per "the script"
MMI Auto Backtesting StrategyDescription:
A strategy based on ATR with auto-backtesting capabilities, Take Profit and Stop Loss (either Normal or Trailing). It allows you to select ranges of values and step for each parameter, and backtest the strategy on a multitude of input combinations at once. You can alternatively use a constant value for each parameter. The backtesting results strive to be as close as possible to those given by Tradingview Strategy Tester.
The strategy displays a table with results for different input combinations. This has columns showing current input combination as well as the following stats: Net Profit, Number of trades, % of Profitable trades, Profit Factor, Max Drawdown, Max Runup, Average Trade and Average number of bars in a trade.
You can sort the table by any column (including sorting by multiple columns at the same time) to find, for example, input combination that gives highest Net Profit (or, if sorting by multiple columns, to find input combination with the best balance of Net Profit and % of Profitable trades). You can filter by any column as well (or multiple columns at the same time), using logical expressions like "< value", "> value", "<= value", ">= value". And you can use logical expressions like "< value%" for Net Profit, Max Drawdown, Max Runup and Average trade to filter by percentage value. You will see a "↓" symbol in column's header if that column is sorted from Highest to Lowest, a "↑" symbol if it's sorted from Lowest to Highest and a "𐕢" symbol if that column is being filtered.
The table has customisable styles (like text color, background color of cells, etc.), and can show the total number of backtested combinations with the time taken to test them. You can also change Initial Capital and Position Size (either Contracts, Currency or % of Equity).
Parameters:
The following parameters are located in the "INPUTS (USUAL STRATEGY)" group, and control the behaviour of strategy itself (not the auto-backtesting functionality):
- Period: ATR Length
- Multiplier: ATR Multiplier
- DPO: length of the filtering moving average
- SL: stop loss
- TP: take profit
- Use Stop Loss: enable stop loss
- Stop Loss Mode: stop loss mode (either Normal or Trailing)
- Use Take Profit: enable take profit
- Wicks: use high & low price, or close price
The strategy also has various parameters separated by different groups:
- INPUTS (AUTO-BACKTESTING): has the same parameters as the "INPUTS (USUAL STRATEGY)" group, but controls the input combinations for auto-backtesting; all the numeric parameters have 3 values: F/V (from), T (to) and S (step); if the checkbox to the left of F/V parameter is off, the value of F/V will indicate the constant value used for that parameter (if the checkbox is on, the values will be from F/V to T using step S)
- STRATEGY: contains strategy related parameters like Initial Capital and Position Size
- BACKTESTING: allows you to display either Percentage, Absolute or Both values in the table and has checkboxes that allow you to exclude certain columns from the table
- SORTING: allows you to select sorting mode (Highest to Lowest or vice versa) and has checkboxes in case you want to sort by multiple columns at the same time
- FILTERING: has a text field for each column of the strategy where you can type logical expressions to filter the values
- TABLE: contains styling parameters
Many parameters have the "(i)" description marker, so hover over it to see more details.
Problems:
- The script works best on lower timeframes and continuous markets (trades 24/7), in other cases the backtesting results may vary from those that Tradingview shows
- The script shows closest results when Take Profit and Stop Loss are not used
- Max Runup percentage value is often wrong
Limitations:
- As we are limited by the maximum time a script can be running (which is 20s for Free plan and 40s for Paid plans), we can only backtest several hundreds of combinations within that timeframe (though it depends on the parameters, market and timeframe of the chart you use)
SOFEX High-End Indicators + BacktestingBINANCE:BTCUSDT.P BINANCE:ETHUSDT.P
Introducing the first publicly available suite of indicators for Bitcoin and Ethereum by Sofex - the High-End Indicators & Backtesting System.
🔬 Trading Philosophy
The High-End Indicators & Backtesting system offers both trend-following and mean-reversal algorithms to provide traders with a deep insight into the highly volatile cryptocurrency markets, known for their market noise and vulnerability to manipulation.
With these factors in mind, our indicators are designed to sidestep most potentially false signals. This is facilitated further by the "middle-ground" time frame (1 Hour) we use. Our focus is on the two largest cryptocurrencies: Bitcoin and Ethereum , which provide high liquidity, necessary for reliable trading.
Therefore, we recommend using our suite on these markets.
The backtesting version of the Sofex High-End Indicators includes mainly trend-following indicators. This is because our trading vision is that volatility in cryptocurrency markets is a tool that should be used carefully, and many times avoided. Furthermore, mean-reversal trading can lead to short-term profits, but we have found it less than ideal for long-term trading.
The script does not aim to make a lot of trades, or to always remain in a position and switch from long to short. Many times there is no direction and the market is in "random walk mode", and chasing trades is futile.
Based on our experience, it is preferable if traders remain neutral the majority of the time and only enter trades that can be exited in the foreseeable future. Trading just for the sake of it ultimately leads to loss in the long-run.
Expectations of performance should be realistic.
We also focus on a balanced take-profit to stop-loss ratio. In the default set-up of the script, that is a 2% : 2% (1:1) ratio. A relatively low stop loss and take profit build onto our idea that positions should be exited promptly. There are many options to edit these values, including enabling trailing take profit and stop loss. Traders can also completely turn off TP and SL levels, and rely on opposing signals to exit and enter new trades.
Extreme scenarios can happen on the cryptocurrency markets, and disabling stop-loss levels completely is not recommended. The position size should be monitored since all of it is at risk with no stop-loss.
We take pride in presenting this comprehensive suite of trading indicators, designed for both manual and automated use. Although automated use leads to increased efficiency, traders are free to incorporate any of our indicators into their own manual trading strategy.
⚙️ Indicators
By default, all indicators are enabled for both Long and Short trades.
Extreme Trend Breakouts
The Extreme Trend Breakouts indicator seeks to follow breakouts of support and resistance levels, while also accounting for the unfortunate fact that false signals can be generated on these levels. The indicator combines trend-breakout strategies with various other volatility and direction measurements. It works best in the beginning of trends.
Underpinning this indicator are renowned Perry Kaufman's Adaptive Moving Averages (PKAMA) alongside our proprietary adaptive moving averages. These dynamic indicators adjust their parameters based on recent price movements, attempting to catch trends while maintaining consistent performance in the long run.
In addition, our modification of the TTM Squeeze indicator further enhances the Extreme Trend Breakouts indicator, making it more responsive, especially during the initial stages of trends and filtering of "flat" markets.
High-Volatility Trend Follower
The High-Volatility Trend Follower indicator is based around the logic of evading market conditions where volatility is low (choppy markets) and aggressively following confirmed trends. The indicator works best during strong trends, however, it has the downside of entering trades at trend tops or bottoms.
This indicator also leverages our proprietary adaptive moving averages to identify and follow high-volatility trends effectively. Furthermore, it uses the Average Directional Index, Aroon Oscillator, ATR and a modified version of VWAP, to categorize trends into weak or strong ones. The VWAP indicator is used to identify the monetary (volume) inflow into a given trend, further helping to avoid short-term manipulations.
Low-Volatility Reversal
The Low-Volatility Reversal aims at plugging the holes that trend-following indicators ignore. It specifically looks for choppy markets. Using proven concepts such as Relative Strength Index and volume measurements, among others, this indicator finds local tops and bottoms with good accuracy. It works best in choppy markets with low to medium volatility. It has a downside that all reversals have, losing trades at the end of choppy markets and in the beginning of big trends.
This indicator, like the others, employs PKAMA in conjunction with our proprietary adaptive moving averages, and an Average PSAR indicator to seek out "sideways" markets. Furthermore, Bollinger Bands with an adaptive basis line is used, with the idea of trading against the short-term trends by looking at big deviations in price movement. The above mentioned indicators attempt to catch local tops and bottoms in markets.
Adaptive Trend Convergence
The Adaptive Trend Convergence aims at following trends while avoiding entering positions at local bottoms and tops. It does so by comparing a number of adaptive moving averages and looking for convergence among them. Adaptive filtering techniques for avoiding choppy markets are also used.
This indicator utilizes our proprietary adaptive moving averages, and an Average Price Range indicator to identify trend convergence and divergence effectively, preventing false signals during volatile market phases. It also makes use of Bollinger Bands with an adaptive moving average basis line and price-action adjusted deviation. Contrasting to the Low-Volatility Reversal condition described above, the Bollinger Bands used here attempt to follow breakouts outside of the lower and upper bands.
Double-Filtered Channel Breakouts
The Double-Filtered Channel Breakouts indicator is made out of adaptive channel-identifying indicators. The indicator then follows trends that significantly diverge from the established channels. This aims at following extreme trends, where rapid, continuous movements in either direction occur. This indicator works best in very strong trends and follows them relentlessly. However, these strong trends can end in strong reversals, and the indicator can be stopped out on the last trade.
Our Double-Filtered Channel Breakouts indicator is built on a foundation of adaptive channel indicators. We've harnessed the power of Keltner Channels and Bollinger Band Channels, with a similar approach used in the Adaptive Trend Convergence indicator. The basis and upper/lower bands of the channels do not rely on fixed deviation parameters, rather on adaptive ones, based on price action and volatility. This combination seeks to identify and follows extreme trends.
Direction Tracker
The Direction Tracker indicator is made out of a central slower, adaptive moving average that clearly recognizes global, long-term trends. Combined with direction and range indicators, among others, this indicator excels at finding the long-term trend and ignoring temporary pullbacks in the opposite direction. It works best at the beginning and middle of long and strong trends. It can fail at the end of trends and on very strong historical resistance lines (where sharp reversals are common).
Our Direction Tracker indicator integrates an adaptive SuperTrend indicator into its core, alongside our proprietary adaptive moving averages, to accurately identify and track long-term trends while mitigating temporary pullbacks. Furthermore, it uses Average True Range, ADX and other volatility indicators to attempt to catch unusual moves on the market early-on.
📟 Parameters Menu
To offer traders flexibility, our system comes with a comprehensive parameter menu:
Preset Selection : Choose between Bitcoin or Ethereum presets to tailor the indicators to your preferred cryptocurrency market.
Global Signal Direction: Set the global signal direction as Long, Short, or Both, depending on your trading strategy.
Global Sensitivity Parameter : Adjust the system's sensitivity to adapt to different trend-following conditions, particularly beneficial during higher-strength trends.
Source of Signals : Toggle individual indicators on or off according to your preference. By default, all indicators are enabled. Customize the indicators to trade Long, Short, or Both, aligning them with your desired market exposure.
Confirmation of Signals : Set the minimum number of confirmed signals on the same bar, ensuring signals are generated only when specific confirmation criteria are met. The default value is one, and it can be adjusted for both Long and Short signals.
Exit of Signals : You have options regarding Take-Profit (TP) and Stop-Loss (SL) levels. Enable TP/SL levels to exit trades at predetermined levels, or disable them to rely on direction changes for exits. Be aware that removing stop losses can introduce additional risk, and position sizing should be carefully monitored.
By enabling Trailing TP/SL, the system switches to a trailing approach, allowing you to:
- Place an initial customizable SL.
- Specify a level (%) for the Trailing SL to become active.
- When the activation level is reached, the system moves the trailing stop by a given Offset (%).
Additionally, you can enable exit at break-even, where the system places an exit order when the trail activation level is reached, accounting for fees and slippage.
Alert Messages : Define the fields for alert messages based on specific conditions. You can set up alerts to receive email, SMS, and in-app notifications. If you use webhooks for alerts, exercise caution, as these alerts can potentially execute trades without human supervision.
Backtesting : Default backtesting parameters are set to provide realistic backtesting performance:
- 0.04% Commission per trade (for both entries and exits)
- 3 ticks Slippage (highly dependent on exchange)
- Initial capital of $1000
- Order size of $1000
While the order size is equal to the initial capital, the script employs a 2% stop-loss order to limit losses and attempts to prevent risky trades from creating big losses. The order size is a set dollar value, so that the backtesting performance is linear, instead of using % of capital which may result in unrealistic backtesting performance.
Risk Disclaimer
Please be aware that backtesting results, while valuable for statistical overview, do not guarantee future performance in any way. Cryptocurrency markets are inherently volatile and risky. Always trade responsibly and do not risk more than you can afford to lose.
Vortex Cross w/MA ConfirmationThis script is a trading strategy that combines the Vortex Indicator and a Moving Average (MA) to generate potential entry signals for long and short positions.
1. Vortex Indicator:
The Vortex Indicator consists of two lines: Vortex Positive (VIP) and Vortex Negative (VIM). It is designed to identify trend direction and measure the strength of a trend.
2. Moving Average (MA):
The script uses a chosen type of Moving Average (SMA, EMA, SMMA, WMA, or VWMA) to smooth the price data. The smoothed line is referred to as the "Smoothing Line."
3. Determine Long and Short Conditions:
The script looks for potential long entry signals when VIP crosses above VIM, highlighting each crossover on the chart, and the closing price is above the Smoothing Line. It searches for short entry signals when VIM crosses above VIP, with the closing price is below the Smoothing Line. When the long or short conditions are met, the strategy enters either a long or short position accordingly.
Potential Usage:
The strategy can be utilized in trending markets, where the Vortex Indicator helps identify trend direction and strength, and the Moving Average smooths the price data to filter out some noise. It aims to capture trends and ride them while avoiding false signals during choppy or sideways markets.
[Camarilla Pivots] Signal Clean Up Analysis with Backtest (TSO)Camarilla Pivots NEW GEN Indicator!
This is a full-cycle trading system indicator, which uses Camarilla Pivots for generating signals using a custom developed algorithm, TP (Take Profit) and SL (Stop Loss) levels. There are 3 SOURCES for signals (each can be used separately or in combination or all 3 can be used at the same time, each signal SOURCE is using Camarilla Pivots levels to open optimal trade direction) with chained (NOTE: There are many potential profitable setups available, by combining clean up features availabe in the indicator settings!) signal cleanup and analysis approach with scheduling and alerting capabilities. Works best with shorter timeframes: 1M, 5M, 15M, 1H.
NOTE: Every calculation is done on a confirmed closed candle bar state, so the indicator will never repaint!
NOTE: At position open - there will be calculated Take-Profit and Stop-Loss targets, however each target is considered hit, when candle bar closes breaking that target, so Take-Profit and Stop-Loss when hit will slightly differ then what you see at position open!
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Explanation of all the Features | Configuration Guide | Indicator Settings | Signal Cleanup Analysis
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>>> Customizable Backtesting for a specific date range, results via TradingView strategy, which includes “Deep Backtesting” for largest amounts of data on trading results.
>>> Trading Schedule with customizable trading daily time range, automatic closing/alert trades before Power Hour or right before market closes or leave it open until next day.
>>> 3 Trading Systems.
>>> Multiple Signal SOURCEs for opening trades, either SOURCE can be used or both at the same time!
>>> Static/Dynamic Stop-Loss setups (HIGHLIGHT: Stop-Loss will be moved to Entry after TP1 is taken, which minimizes risk).
>>> Single or Multiple profit targets (up to 5).
>>> Take-Profit customizable offset feature (set your Take-Profit targets slightly before everyone is expecting it!).
>>> Candle bar signal analysis (matching candle color, skip opposite structured and/or doji candle uncertain signals).
>>> Additional analysis of VWAP/EMA/ATR/EWO (Elliot Wave Oscillator)/Divergence MACD+RSI/Volume signal confirmation (clean up your chart with indicator showing only the best potential signals!).
>>> Advanced Alerts setup, which can be potentially setup with a trading bot over TradingView Webhook (NOTE: This will require advanced programming knowledge).
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Labels, plots, colors explanations:
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>>>>> LONG open: green "house" looking arrow below candle bar.
>>>>> SHORT open: red "house" looking arrow above candle bar.
>>>>> LONG/SHORT take-profit target: green/red circles (multi-profit > TP2/3/4/5 smaller circles).
>>>>> LONG/SHORT stop-loss target: green/red + crosses.
>>>>> LONG/SHORT take-profit hits: green/red diamonds.
>>>>> LONG/SHORT stop-loss hits: green/red X-crosses.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (profitable trade): green/red squares.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (loss trade): green/red PLUS(+)-crosses.
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Date Range and Trading Schedule Settings
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>>>>> Date Range: Select your start and/or end dates (uncheck “End” for indicator to show results up to the very moment and to use for LIVE trading) for backtesting results, if not using backtesting – uncheck “Start”/“End” to turn it off.
>>>>> Use TradingView “Strategy Tester” to see backtesting results
NOTE: If Strategy Tester does not show any results with Date Ranged fully unchecked, there may be an issue where a script opens a trade, but there is not enough TradingView power to set the Take-Profit and Stop-Loss and somehow an open trade gets stuck and never closes, so there are “no trades present”. In such case you will need to manually check “Start”/“End” dates or use “Depp Backtesting” feature!
>>>>> Trading Schedule: This is where you can setup Intraday Session or any custom session schedule you wish. Turn it ON. Select trading hours. Select EOD (End of Day) setting (NOTE: If it will be OFF, the indicator will assume you are holding your position open until next day!). Please note the EOD trade closure times with the 2 different Intraday close settings when turned on:
At Market Close:
1/3/5min > will close at 15:55pm ET
15min > will close at 15:45pm ET
30min > will close at 15:30pm ET
45min > will close at 15:45pm ET
60min > will close at 15:00pm ET
Before Power Hour:
1/3/5min > will close at 15:00pm ET
15min > will close at 15:00pm ET
30min > will close at 15:00pm ET
45min > will close at 15:00pm ET
60min > will close at 15:00pm ET
>>> Trading Systems: 1) "Open Until Closed by TP or SL": the signal will only open a trade if no trades are currently open/trunning, a trade can only be closed by Take Profit, Stop Loss or End of Day close (if turned on) | 2) "Open Until Closed by TP or SL + OCA": Same as 1), but if there is an opposite signal to the trade which is currently open > it will immediately be closed with new trade open or End of Day close (if turned on) | 3) "OCA (no TP or SL)": There are is Take Profit or Stop Loss, only an opposite signal will close current trade and open an opposite one or End of Day close (if turned on).
>>> Position Open sources:
>>>>> Position Open - SOURCE1 | LONG: S3, SL: S4, TP1: R3, TP2: R4, TP3: R5, TP4/5: Smart Formula | SHORT: R3, SL: R4, TP1: S3, TP2: S4, TP3: S5, TP4/5: Smart Formula
>>>>> Position Open - SOURCE2 | LONG: R4, SL: R3, TP1: R5, TP2/3/4/5: Smart Formula | SHORT: S4, SL: S3, TP1: S5, TP2/3/4/5: Smart Formula
>>>>> Position Open - SOURCE3 | LONG: R5, SL: R4, TP1/2/3/4/5: Smart Formula | SHORT: S5, SL: S4, TP1/2/3/4/5: Smart Formula
>>> Turn On/Off: Current Position SL + Opposite Position Open Signal on the same closing candle bar (If current trade hits Stop-Loss and at that same closing candle bar there is a signal for an opposite direction trade > indicator will close current position as Stop-Loss and immediately open an opposite position). NOTE: With this option turned on, there will be more trades, but not necessarily better results, since after Stop-Loss is hit, it may make sense to wait a little before opening an opposite trade, even if it matches the condition at the same time when Stop-Loss is hit, but sometimes it shows great results, so this setting/feature is included.
>>> Turn On/Off: Turn On/Off: Current Position REGULAR SL | Only the SL + Opposite Position Open will trigger if turned on, IF NOT - THERE WILL BE NO STOP-LOSS AT ALL!!! NOTE: It is very dangerous to trade without Stop-Loss!
>>>>> Signal Candle Bar consuming Take-Profits - position/trade signal candle bar is big enought to "consume"/close ahead the first TP setting > the signal can either be skipped, or all Take-Profit areas pushed ahead using smart formula)
>>>>> MULTIPROFIT | TP (Take-Profit) System: Once the trade is open, all Take-Profit target(s) are immediately calculated and set for the trade > once the target(s) is hit > trade will be partially closed (if candle bar closes beyond several Take-Profit targets > trade will be reduced accordingly to the amount of how many Take-Profit targets were hit)
>>>>> MULTIPROFIT | SL (Stop-Loss) System: 1) Static – Once the trade is open, Stop-Loss is calculated and set for the remaining of the trade ||| 2) Dynamic – At trade open, Stop-Loss is calculated and set the same way, however once 1st Take-Profit is taken > Stop-Loss is moved to Entry, reducing the risk.
>>>>> # of TPs (number of take profit targets): Just like it is named, this is where you select the number of Take-Profit targets for your trading system (NOTE: If "OCA (no TP or SL)" Trading System is selected, this setting won’t do anything, since there are no TP or SLs for that system).
>>>>> TP(s) offset: This is a special feature for all Take-Profit targets, where you can turn on a customizable offset, so that if the price is almost hitting the Take-Profit target, but never actually touches it > you will capture it. This is good to use with HHLL (Highest High Lowest Low), which is pretty much a Support/Resistance as often the price will nearly touch these strong areas and turn around…
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Signal Analysis and Cleanup Settings
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>>>>> Candle Analysis | Candle Color signal confirmation: If closed candle bar color does not match the signal direction > no trade will be open.
>>>>> Candle Analysis | Skip opposite candle signals: If closed candle bar color will match the signal direction, but candle structure will be opposite (for example: bearish green hammer, long high stick on top of a small green square) > no trade will be open.
>>>>> Candle Analysis | Skip doji candle signals: If closed candle bar will be the uncertain doji > no trade will be open.
>>>>> Divergence/Oscillator Analysis | EWO (Elliot Wave Oscillator) signal confirmation: LONG will only be open if at signal, EWO is green or will be at bullish slope (you can select which setting you desire), SHORT if EWO is red or will be at bearish slope.
>>>>> Divergence/Oscillator Analysis | VWAP signal confirmation: LONG will only be open if at signal, the price will be above VWAP, SHORT if below.
>>>>> Divergence/Oscillator Analysis | Moving Average signal confirmation: LONG will only be open if at signal, the price will be above selected Moving Average, SHORT if below.
>>>>> Divergence/Oscillator Analysis | ATR signal confirmation: LONG will only be open if at signal, the price will be above ATR, SHORT if below.
>>>>> Divergence/Oscillator Analysis | RSI + MACD signal confirmation: LONG will only be open if at signal, RSI + MACD will be bullish, SHORT if RSI + MACD will be bearish.
>>>>> Volume signal confirmation: LONG/SHORT will only be opened with strong Volume matching the signal direction, by default, strong Volume percentage is set to 150% and weak to 50%, but you can change it as you desire.
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TP System - VERY IMPORTANT INFO!
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"TP PERCENTAGE" - amount by which current trade/position needs to be reduced/partially closed/sold.
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TP System: Dynamic
"TP PERCENTAGE" - will always be the same amount (trade/position size divided by the # of take-profit(TP) targets) and percentage to be closed will always be of the ORIGINAL trade/position.
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TP System: Static
"TP PERCENTAGE" - will always be the same amount IF take-profit(TP) targets are hit 1-by-1 (TP1 > TP2 > TP3 > TP4 > TP5), otherwise it will vary and unless it is a 1st take-profit(TP1), the REMAINING trade/position size will always be smaller than original and therefore the percentage to be closed will always be of the REMAINING trade/position and NOT the original one!
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"TP PERCENTAGE" CheatSheet (these are the only percentages you may see)
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TP PERCENTAGE---Close/Sell Amount-------------Example (trade size: 50 stocks)
20%-------------trade size * 0.2--------------50 * 0.2 = 10 stocks
25%-------------trade size * 0.25-------------50 * 0.25 = 12.5(~13) stocks
34%-------------trade size * 0.34-------------50 * 0.34 = 17 stocks
40%-------------trade size * 0.4--------------50 * 0.4 = 20 stocks
50%-------------trade size * 0.5--------------50 * 0.5 = 25 stocks
60%-------------trade size * 0.6--------------50 * 0.6 = 30 stocks
66%-------------trade size * 0.66-------------50 * 0.66 = 33 stocks
75%-------------trade size * 0.75-------------50 * 0.75 = 37.5(~38) stocks
80%-------------trade size * 0.8--------------50 * 0.8 = 40 stocks
100%------------trade size--------------------50 = 50 stocks
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If for any reason a portion of the current/remaining trade closed at such occurrence was slightly wrong, it is not an issue. Such occurrences are rare and with slight difference in partial TP closed is not significant to overall performance of our algorithms.
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Alert Settings (you don’t have to touch this section unless you will be using TradingView alerts through a Webhook to use with trading bot)
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Here is how a LONG OPEN alert looks like.
NOTE: Each label , , etc. is customizable, you can change the text of it within indicator Input settings.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: OPEN
ENTRY: 20000
TP1: 20500
TP2: 21000
TP3: 21500
TP4: 22500
TP5: 23500
SL: 19000
Leverage: 0
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Here is how a TP1 alert will look with 5 TPs breakdown of the trade.
NOTE1: Next to TP1 taken it will show at which price it was triggered.
NOTE2: Next to "TP Percentage" it shows how much of the CURRENT/ACTIVE/REMAINING trade needs to be closed.
NOTE2: If TP2/3/4/5 comes before TP1 - the alert will tell you exactly how many percent of the trade needs to be closed!
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: TP1
TP1: 20500
TP Percentage: 20%
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Here is how an alert will look for LONG - STOP-LOSS.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
ENTRY: 20000
LONG: SL
SL: 19000
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Here is how an alert will look for LONG - EOD (End of Day) In Profit close.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: EOD-Close (profit)
ENTRY: 20000
EOD-Close: 21900
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Adding Alerts in TradngView
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-Add indicator to chart and make sure it is configured (check back-testing results)
-Right-click anywhere on the TradingView chart
-Click on Add alert
-Condition: Select this indicator by it’s name
-Alert name: Whatever you want
-Hit “Create”
-Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
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If you have any questions or issues with the indicator, please message me directly via TradingView.
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Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!)
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NOTE: There seems to be a strange glitch when strategy is running live, it will show "double-take" take-profits labels on the chart. This is not affecting the script logic and backtesting results, if you will remove/re-add the script afterwards, it will no longer show the duplicate orders... this must be some sort of a glitch as every alert was thoroughly tested to make sure everything is working!
BTFD strategy [3min]Hello
I would like to introduce a very simple strategy to buy lows and sell with minimal profit
This strategy works very well in the markets when there is no clear trend and in other words, the trend going sideways
this strategy works very well for stable financial markets like spx500, nasdaq100 and dow jones 30
two indicators were used to determine the best time to enter the market:
volume + rsi values
volume is usually the number of stocks or contracts traded over a certain period of time. Thus, it is an important indicator of market activity and liquidity. Each transaction constitutes an individual exchange between the buyer and the seller and constitutes the trading volume of a given instrument or asset.
The RSI measures the strength of uptrends versus downtrends. The signal is the entry or exit of the indicator value of the oversold or overbought level of the market. It is assumed that a value below or equal 30 indicates an oversold level of the market, and an RSI value above or equal 70 indicates an overbought level.
the strategy uses a maximum of 5 market entries after each candle that meets the condition
uses 5 target point levels to close the position:
tp1= 0.4%
tp2= 0.6%
tp3= 0.8%
tp4= 1.0%
tp5= 1.2%
after reaching a given profit value, a piece of the position is cut off gradually, where tp5 closes 100% of the remaining position
each time you enter a position, a stop loss of 5.0% is set, which is quite a high value, however, when buying each, sometimes very active downward price movement, you need a lot of space for market decisions in which direction it wants to go
to determine the level of stop loss and target point I used a piece of code by RafaelZioni , here is the script from which a piece of code was taken
this strategy is used for automation, however, I would recommend brokers that have the lowest commission values when opening and closing positions, because the strategy generates very high commission costs
Enjoy and trade safe ;)
Ta StrategyHello guys
This script follows traditional technical indicators
MACD, ADX, RSI and pivot points
If the price is above the resistance and the MACD has crossover ,and the RSI 14 is above 50
ADX is higher than 20, and DI+ is higher than DI-. This is a buy signal and vice versa for a sell signal
The script moves the stop loss to the entry price after the first target is reached
You can specify the quantity you want to sell when the price reaches the first target
There are also options like if you want the script to entry long or short, or both
you can reverse the strategy if it does not work well
If you want to inquire about any details, please let me know in the comments
D-BoT Alpha 'Short' SMA and RSI StrategyDostlar selamlar,
İşte son derece basit ama etkili ve hızlı, HTF de çok iyi sonuçlar veren bir strateji daha, hepinize bol kazançlar dilerim ...
Nedir, Nasıl Çalışır:
Strateji, iki ana girdiye dayanır: SMA ve RSI. SMA hesaplama aralığı 200 olarak, RSI ise 14 olarak ayarlanmıştır. Bu değerler, kullanıcı tercihlerine veya geriye dönük test sonuçlarına göre ayarlanabilir.
Strateji, iki koşul karşılandığında bir short sinyali oluşturur: RSI değeri, belirlenen bir giriş seviyesini (burada 51 olarak belirlenmiş) aşar ve kapanış fiyatı SMA değerinin altındadır.
Strateji, kısa pozisyonu üç durumda kapatır: Kapanış fiyatı, takip eden durdurma seviyesinden (pozisyon açıldığından beri en düşük kapanış olarak belirlenmiştir) büyükse, RSI değeri belirlenen bir durdurma seviyesini (bu durumda 54) aşarsa veya RSI değeri belirli bir kar al seviyesinin (bu durumda 32) altına düşerse.
Güçlü Yönleri:
İki farklı gösterge (SMA ve RSI) kullanımı, yalnızca birini kullanmaktan daha sağlam bir sinyal sağlayabilir.
Strateji, karları korumaya ve fiyat dalgalanmalarında kayıpları sınırlamaya yardımcı olabilecek bir iz süren durdurma seviyesi içerir.
Script oldukça anlaşılır ve değiştirmesi nispeten kolaydır.
Zayıf Yönleri:
Strateji, hacim, oynaklık veya daha geniş piyasa eğilimleri gibi diğer potansiyel önemli faktörleri göz önünde bulundurmaz.
RSI seviyeleri ve SMA süresi için belirli parametreler sabittir ve tüm piyasa koşulları veya zaman aralıkları için optimal olmayabilir.
Strateji oldukça basittir. Trade maliyetini (kayma veya komisyonlar gibi) hesaba katmaz, bu da trade performansını önemli ölçüde etkileyebilir.
Bu Stratejiyle Nasıl İşlem Yapılır:
Strateji, short işlemler için tasarlanmıştır. RSI, 51'in üzerine çıktığında ve kapanış fiyatı 200 periyotluk SMA'nın altında olduğunda işleme girer. RSI, 54'ün üzerine çıktığında veya 32'nin altına düştüğünde veya fiyat, pozisyon açıldığından beri en düşük kapanış fiyatının üzerine çıktığında işlemi kapatır.
Lütfen Dikkat, bu strateji veya herhangi bir strateji izole bir şekilde kullanılmamalıdır. Tüm bu çalışmalar eğitsel amaçlıdır. Yatırım tavsiyesi içermez.
This script defines a trading strategy based on Simple Moving Average (SMA) and the Relative Strength Index (RSI) indicators. Here's an overview of how it works, along with its strengths and weaknesses, and how to trade using this strategy:
How it works:
The strategy involves two key inputs: SMA and RSI. The SMA length is set to 200, and the RSI length is set to 14. These values can be adjusted based on user preferences or back-testing results.
The strategy generates a short signal when two conditions are met: The RSI value crosses over a defined entry level (set at 51 here), and the closing price is below the SMA value.
When a short signal is generated, the strategy opens a short position.
The strategy closes the short position under three conditions: If the close price is greater than the trailing stop (which is set as the lowest close since the position opened), if the RSI value exceeds a defined stop level (54 in this case), or if the RSI value drops below a certain take-profit level (32 in this case).
Strengths:
The use of two different indicators (SMA and RSI) can provide a more robust signal than using just one.
The strategy includes a trailing stop, which can help to protect profits and limit losses as the price fluctuates.
The script is straightforward and relatively easy to understand and modify.
Weaknesses:
The strategy doesn't consider other potentially important factors, such as volume, volatility, or broader market trends.
The specific parameters for the RSI levels and SMA length are hard-coded, and may not be optimal for all market conditions or timeframes.
The strategy is very simplistic. It doesn't take into account the cost of trading (like slippage or commissions), which can significantly impact trading performance.
How to trade with this strategy:
The strategy is designed for short trades. It enters a trade when the RSI crosses above 51 and the closing price is below the 200-period SMA. It will exit the trade when the RSI goes above 54 or falls below 32, or when the price rises above the lowest closing price since the position was opened.
Please note, this strategy or any strategy should not be used in isolation. It's important to consider other aspects of trading such as risk management, capital allocation, and combining different strategies to diversify. Back-testing the strategy on historical data and demo trading before going live is also a recommended practice.
BB and KC StrategyThis script is designed as a TradingView strategy that uses Bollinger Bands (BB) and Keltner Channels (KC) as the primary indicators for generating trade signals. It aims to catch potential market trends by comparing the movements of these two popular volatility measures.
Key aspects of this strategy:
1. **Bollinger Bands and Keltner Channels:** Both are volatility-based indicators. The Bollinger Bands consist of a middle band (simple moving average) and two outer bands calculated based on standard deviation, which adjusts itself to market conditions. Keltner Channels are a set of bands placed above and below an exponential moving average of the price. The distance between the bands is calculated based on the Average True Range (ATR), a measure of price volatility.
2. **Entry Signals:** The strategy enters a long position when the upper KC line crosses above the upper BB line and the volume is above its moving average. Conversely, it enters a short position when the lower KC line crosses below the lower BB line and the volume is above its moving average.
3. **Exit Signals:** The strategy exits a position under two conditions. First, if the trade has been open for a certain number of bars defined by the user (default 20 bars). Second, a stop loss and trailing stop are in place to limit potential losses and lock in profits as the price moves favorably. The stop loss is set at a percentage of the entry price (default 1.5% for long and -1.5% for short), and the trailing stop is also a percentage of the entry price (default 2%).
4. **Trade Quantity:** The script allows specifying the investment amount for each trade, set to a default of 1000 currency units.
Remember, this is a strategy script, which means it is used for backtesting and not for real-time signals or live trading. It is also recommended that it is used as a tool to aid your trading, not as a standalone system. As with any strategy, it should be tested over different market conditions and used in conjunction with other aspects of technical and fundamental analysis to ensure robustness and effectiveness.
Volatility Breakout Strategy [Angel Algo]As traders, we're always looking for opportunities to profit from sudden price breakouts, and the Volatility Breakout Strategy aims to do just that.
This script is the perfect starting point for traders who want to experiment with capturing price movements resulting from increased volatility. The script plots the Average True Range (ATR) on the chart, which is a measure of the asset's volatility over a specified period. By setting the "Length" parameter, you can customize the period over which the volatility is measured.
Using the ATR, the strategy calculates upper and lower breakout levels and plots them on the chart. The signals for long and short positions are generated when the price crosses above the upper breakout level or below the lower breakout level, respectively. They are confirmed by checking the current bar state.
The strategy also fills the space between the upper and lower breakout levels with a color that indicates the latest signal direction. This feature helps traders quickly identify the prevailing trend.
The strategy uses the generated signals to enter trades. When a long or short signal is confirmed, and there is no open position in the direction of the signal, the strategy enters a long or short trade, respectively.
Choice of parameters.
Choosing the right value for the Length input parameter is crucial for tailoring the Volatility Breakout Strategy to suit your trading preferences. In general, a higher Length value implies a focus on capturing longer price moves. For instance, in this script, we have set the Length value to 20, resulting in trades that span approximately 100 candles. These trades encompass price trends consisting of multiple swings.
However, if your goal is to trade individual swings rather than longer trends, it's advisable to experiment with smaller values for the Length parameter. By reducing the Length, you can target shorter-term price movements and potentially increase the frequency of trades.
It's important to note that while a higher Length value tends to lead to longer trades, there is no strict correlation between the Length parameter and the average length of trades. This can vary across different markets. Therefore, it's essential to conduct thorough experimentation with various Length values and closely observe the length of trades they generate. Comparing these trade lengths with the average trend or swing length in the specific market can provide valuable insights.
Ideally, you should aim to select a Length value that aligns with the average trend or swing length observed in the market you are trading. This way, you can optimize the strategy to capture price movements that closely match the prevailing market conditions.
Remember, finding the optimal Length value is a process of trial and error, combined with careful observation of trade lengths and their correlation with market trends. So, don't be afraid to experiment and refine the Length parameter to maximize the effectiveness of the Volatility Breakout Strategy in your chosen market.
Disclaimer: This trading strategy is provided for educational and informational purposes only.Trading involves risk, and past performance is not indicative of future results.
Gold Fair Value Gap Entry(FVG GOLD)This script calculates the fair value of gold, which is set as an input parameter. It then gets the current price of gold and calculates the gap between the price and the fair value. If the gap is positive, it enters a long trade, and if it's negative, it enters a short trade.
The script also uses proper risk management techniques by setting a stop loss and take profit for each trade. The plot() function is used to display the fair value and gap on the chart.
Please note that this is just an example script, and you should customize it based on your specific trading strategy and criteria. It's also important to backtest your strategy and refine it before using it with real money.
DCA Simulator A simple yet powerful Dollar Cost Averaging (DCA) simulator.
You just add the script to your chart, and you'll be able to see:
- Every single entry with its size
- The evolution of you average price in time (blue line)
- The profit and loss areas (where market price < average price the DCA is at loss, and the background is colored in red. At the contrary, where mkt price is > average price, it's profit area and the background is green).
- Max drawdown: the point in price and time where the DCA loss is maximum in the considered time interval. The drawdown amount is specified.
- Profit (or loss) and total cost at the end of the time interval or at the present day: the script shows how much the DCA is netting at a profit or loss, as well as the total cost of the DCA itself.
The parameters are:
- Date start and date end: time interval of the DCA simulation
- DCA period (you can choose between daily, weekly and monthly)
- Week day or month day if you choose those periods
- Single operation size (in base currency)
- Option to choose a DCA LONG or DCA SHORT (for uber bears)
- Option to include an exit strategy that partially closes your position (the % size closed can be chosen as well with the parameter "exit_close_perc") every time the DCA realizes a specific gain (choosable with the parameter "exit_gain_threshold"). If you choose "none" as an exit strategy, the script will assume to never close positions until the end of the period or the present day for simulation purpose.
NB: just ignore the TV strategy tester results, all the data are visible on the chart.
[SPOILED]SuperTrench - ETH Super ScalperHi Traders,
I'm republishing this script as I finally polished it to perfection IMO. The script uses 5 coding sections: entry, trend filter, pivot filter, take profit, and stop loss. The script mainly uses trailing as take profit; this is probably the easiest way to make a profitable scalper strategy.
Backtest capital is set to 1000 USDT, 35% equity, 0.04% commission, limited backtest date from Jan 2022 to now, backtested on ETH/USDT prep contracts 15m timeframe, result as shown below.
It looks unreal right? Hell no, I actually tested this strategy on Binance from Dec 06 to Dec 10. I got 8.29% return with 4x leverage, 50% equity setup; 75% win rate,1.58 profit factor, with 4.3% max drawdown, it is amazingly close to the backtest result.
User Manual
Entry >>> Stoch RSI:
I added 5 MA types to the Stoch RSI which is HMA/VWMA/WMA/EMA/SMA, HMA with Length setting of 5, 8 seems to be most efficient, VWMA and WMA with 8, 13 will generate less entry signals but with less entry risks.
Entry >>> R Style:
It based on price action, with candlestick makes a U turn, after 2nd candlestick confirmed, it generates entry signal, this will give you some extra entries, better leave it enabled.
Entry >>> Price Step:
This probably is the core feature of this strategy; also my secret ingredient to making this strategy this efficient. It is recommended to enable step 1-5, more steps basically means more entries, but they are not necessarily profitable.
Trend Filter >>> Price Step:
I couldn't tell you much details about how this indicator works, but it is a reliable indicator, based on price action, and I got some ideas from Demark9 indicator. The bigger the level, the stronger the filter is, please note that if 'Price Step Entries' less than Price Step Trend, entries will be ignored.
Pivot Filter >>> RSI Pivot & Pinbar Pivot:
RSI Pivot detects if the RSI signal line making U turn in certain condition, Pinbar detection combines R Style entry when price action U turn took place, these 2 pivot filter will close the trade once it is counter trend, so it better enable and leave it as is.
Trend Filter >>> Trend Magic:
Trend Magic uses CCI and ATR to calculate trend status, green means uptrend, red means downtrend, pretty straight forward, the best value for this indicator would be, 21, 34, 55, 89.
Trend Filter >>> Alpha:
This filter combines R style pivot, price step, EMA all together to detects consolidation area, because EMA was involved, so the best look back period would be around 15-35, it is best to use default value IMO, in another hands, if you need stronger filter, feel free to use 10, 18, 20, 25, 30, 35, make sure look back period should increase or decrease by 5 every time.
Take Profit and Stop Loss:
The default value for tp is set to 0.4%, but I also give you option to switch to ATR TP; you can adjust in the ATR multiplier, default ATR trailing stop loss uses 1 ATR, but you can adjust it for better drawdown tolerance. Fixed ATR SL is also given when fixed ATR is enabled. There will be a failsafe SL default set to 1% if price moves counter direction of opened position, it will close trade no matter what happens.
Enjoy :)
Ichimoku Cloud and ADX with Trailing Stop Loss (by Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI , the trend is weak or moving on the downside. The ADX does not give an indication about the direction but about the strength of the trend.
Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach.
Trading on high values of ADX, the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse.
This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades.
Long orders are placed when these basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
MACD line crosses over the signal line
-DI is greater than +DI
ADX is greater than 45
Close Position:
3% increase trailing
3% decrease trailing
The script is backtested from 1 January 2018 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on MATIC (1d timeframe), ETH (1d timeframe), and SOL (1d timeframe).
MTF Supertrend [Trading Nerd]Trend Trading Strategy using Supertrends
Backtesting Script that uses a multitimeframeanalysis of the Supertrend Indicator. The trend direction is determind by a higher Timeframe (TF) Supertrend. The entry Signals are given by the Supertrend of the current TF. The script is NOT repainting (the script takes the previous value of the higher TF Supertrend, if the higher TF candle is not confirmed yet).
Strategy Conditions
Longs:
The higher TF Supertrend has to be green
The current TF Supertrend change from red to green
Shorts:
The higher TF Supertrend has to be red
The current TF Supertrend change from green to red
Optional:
Option: If enabled also a trend chage of the higher TF Supertrend is a valid Entry Signal
If enabled Signals are discarded if the ADX is below the value
Take Profit
On default there is no Take Profit. You can activate a Risk Reward Based Take Profit target trough the option. Also a Partial Take Profit is possible.
Stop Loss
The default Stop Loss Strategy is a Trailing Stoploss. As trailing Price the current TF Supertrend is used.
Additional
Time Filter: Only opens trade in the defined Session. Open trades are still being closed outside of the Session.
Start Date/End Date: Limits the backtest for the defined Date Range
Trading Days: Only open Trades on the checked Days
Risk % per Trade: If enabled the Strategy uses X% of the capital (defined in Settings -> Properties -> Initial Capital)
Use Compound Interest: If enabled Capital is recalculated for every trade (initial capital + net Profit)
IMPORTANT: For low Timeframes and Markets with tight SL (like Forex) it requires a lower Margin Percent than default. Go to Settings->Properties and lower the required Long/Short Margin. Otherwise Trades might not be considered because of too less capital/marign. Margins can e.g. set to: 2% (Forex), 10% (Stocks), 20% (Crypto).
Ichimoku Cloud with ADX (By Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI , the trend is weak or moving on the downside. The ADX does not give an indication about the direction but about the strength of the trend.
Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach.
Trading on high values of ADX , the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse.
This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades.
Long/Short orders are placed when these basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
MACD line crosses over the signal line
-DI is greater than +DI
ADX is greater than 45
Short Position:
Tenkan-Sen is below the Kijun-Sen
Chikou-Span is below the close of 26 bars ago
Close is below the Kumo Cloud
MACD line crosses under the signal line
+DI is greater than -DI
ADX is less than 45
The script is backtested from 1 January 2022 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on MATIC (15m timeframe), ETH (5m timeframe), and SOL (15m timeframe).
EHMA Range Index Basket StrategyThis script is a modified version of my EHMA Range Strategy.
EHMA Range Strategy
In addition to the EHMA, this script works with a range around the EHMA (which can be modified), in an attempt to be robust against fake signals. Many times a bar will close below a moving average, only to reverse again the next bar, which eats away at your profits. Especially on shorter timeframes, but also on choppy longer timeframes this can make a strategy unattractive to use.
With the range around the EHMA, the strategy only enters a long/exit-short position if a bar crosses above the upper range. Vice versa, it only enters a short/exit-long position if a bar crosses below the lower range. This avoids positions if bars behave choppy within the EHMA range & only enters a position if the market is confident in it's direction. Having said that, fakeouts are still possible, but a lot less frequent. Having backtested this strategy vs the regular EHMA strategy (and having experimented with various settings), this version seems to be a lot more robust & profitable!
EHMA Range Index Basket Strategy
The EHMA Range Index Basket Strategy aims to make the EHMA Range Strategy even more robust, by taking nearly 40 of the most traded crypto trading pairs and applying the EHMA Range Strategy to them. For each pair it assigns a 0 (Sell signal) or 1 (Buy signal) and adds them up. If the number of Buy signals outweigh the number of Sell signals, the index strategy triggers its Buy signal (and vice versa). The results are even more profitable & robust than with the EHMA Range Strategy on its own. Next to that, it performs a lot better on most crypto pairs, due to it's robustness. Because of that, this strategy is a lot less prone to overfitting and will likely produce better results during live trading conditions!
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
Pullback Strategy (Candle Analysis) New VersionFollowing on from the previous Pullback Candle which smashed over 100 likes - here we have the strategy behind the indicator.
Signal = Pullback Candle (This will alert on all timeframes and markets when selecting the Alert function for the Signal
Entry = When the Pullback Candle is confirmed ie 16:00 - the strategy will enter within the next two candles.
Stop loss = 0.25 ATR multiple which means we have a tighter stop loss - if greater than 1 then the stop loss will be more in percentages!!!
Take Profit = 1.5 Risk to Reward Model
Ema filter - There is a function to modify when looking into trades so as this is a bullish setup we want trades to be over the ema and using this filter will only show trades above the 200ema
Time filter - If you want to backtest Uptrends - locate the time of the start and the end of the uptrend - input this data into the settings and this will bring up the trades in that time period.
Most efficient to use this script is only in uptrends and this signal is a bullish signal - when using a ema filter we wont get trades under this so narrow down good trades for automation.
!!!!TO ENHANCE THE SYSTEM - USE TECHNICAL ANANLYSIS FOR CONFLUENCES
Most inefficient way to use the script is when price is in a downtrend and the win rate falls dramatically.
The pullback candle has a R-Expectancy of R5 so profits can be elongated when trading manually.
As the pullback candle occurs often in a trend we could pyramided trades to say have 5 trades in the same direction but the way i would trade this is to alert R1.5 then look to R2 and above to take profits manually.
(((P.S coders.... i need help to work on a profit extension code where exit long when price is below the 9ema (this seems simple but proving difficult) - this would be included onto the script if received.
[Fedra Algotrading Strategy 2tp+L&S] Futures Long or ShortStrategy for crypto market, designed for automatic algorithmic trading with bots.
Can place long and short orders
Calculates your entries based on the breakout of the simple deviation of the linear regression of the last X periods.
Configures TP (green line) and SL (red line) percentages, the TP is a trailing TP.
Optionally, you can set a first TP (white line) that sells half of the position.
Advanced trend filter to not open trades against the market. SMA (yellow line), WMA (blue line) and secret sauce
Includes an advanced system to control the backtest period (choose how many days to backtest).
Risk management by volume of capital or amount of losing trades (kill switches that will exit the trade and stop the script)
The script includes default commissions of 0.2% per trade (configurable).
- Dinamic table with Price positions to plan your limit orders if you are trading manually
- Highly customizable and optimizable.
If you want to trade longs and shorts, it is advisable to create 2 different alerts. In most cases, the optimal parameters for longs are not the same as for shorts. In a forthcoming update I will enable separate configurations.
For better performance the script uses real time price information, for this reason Tradingview may warn you that there is "repainting", as the backtest information does not contain the information of each tick but only the open, close, high and low values of each candle.
To avoid this, you can disable the "calculate on every tick" option from the strategy settings panel.
Ultimate Strategy Shell [ArtK]This strategy shell script accepts entry/exit signals from an external study indicator.
It is built to cover most common trade execution strategies such as, multiple take profit levels, break even, trailing stop loss, position reverse, laddering and more.
It also aims to provide extended trade statistics such as the actual (win/loss) figures for trades instead of figures for orders as TradingView provides in the Strategy Test Overview.
Features
- 3 Take Profit levels.
- 3 Take Profit target type options (Percentage, Risk Reward Ratio or (IN DEVELOP) Strategy).
- 2 Stop Loss type options (Percentage, Strategy).
- Break Even stoop loss (will move the Stop Loss to the entry price after the 1st or 2nd Take Profit).
- Trailing Stop Loss (will move the Stop Loss after the last Take Profit at specified deviation on every candle).
- Trades Summary Label
Shows the number of wins and losses in a row.
Shows the actual (win/loss) figures for trades instead of figures for orders as TradingView provides in the Strategy Test Overview.
Shows the period from the first trade until the last trade.
Shows how many times each Take Profit level was reached (IN DEVELOP).
(IN DEVELOP) Shows the maximum Stop Loss when using the Stop Loss – Strategy option (helpful when estimating Stop Losses when leveraging).
Plots marks at the bottom of the chart to indicate winning or losing trades (helps to quickly find losing trades for example).
- Entry Filters
-- Date Time, allows placing trades only during the specified period.
-- ADX, filters trades below specified ADX value.
-- Max Stop Loss, can be enabled when the Stop Loss type is set to "Strategy". Used to prevent taking trades which exceed liquidation price.
-- Direction, will filter trades in a certain direction.
Instruction
- The strategy script relies on an external indicator therefore it is required to add the signal indicator first.
- To adapt the signal indicator to be compatible it must have only one plot.
-- The default value of the plot should be 1 when there is no buy/sell signal.
-- When the signal indicator signals BUY the line should plot the value
-- When the signal indicator signals SELL the line should plot the value
-- (I am aiming to support EXIT signals as well as the Stop Loss and Take Profit percentages in the near future)
- The first time you load the script it will show an error "Study Error: Signal source set to default ". This means the signal indicator was not selected.
The signal indicator should be selected in the strategy configuration panel option "Signal Source"
Plutus - StrategyPlutus is a Script I've been working on for the past several months, and It's finally ready to go live! I would like to have few volunteers to help me forward-test it with different assets, preferably, with any Binance Perpetual contract traded under US$50.
The Script is delivering a Net PnL of circa 350% (0.04% commission deducted from the ~500% gross) in 14 days on the backtest when plotted on the WAVESUSDTPERP 2-min chart. Good results also with RUNEUSDTPERP and OGNUSDTPERP .
To whomever contributes with a constructive (technical) feedback, a better Stop-Loss strategy, other potential (Binance Futures ) pairs where the Script would delivery a 15-Day PnL of 400%+, and MAINLY who collaborate fowardtesting it, I'll grant access to the Strategy (which will have its Privacy Setting changed from Public to Private in 7 days from now) for a period of 2 months.
Please, explored it with different time frames, assets, markets and leave your comments!
Thanks a lot!
PS.: Tomorrow I'll write a better description.
Trendelicious StrategyA simple strategy based on Trendelicious indicator
We go long when an uptrend started 2 candles ago.
We close the position when an uptrend ended 2 candles ago.
Parameters are just the required parameters for the indicator + backtest timeframe
To avoid the noise and catch big uptrends, run on higher timeframes (4h, 1D ...)
The script also contains a code to show some stats suitable when on a mobile device.
DISCLAIMER:
This is not an advice to trade. Use at your own risk.
The author of this script cannot be held responsible for any losses incurred directly or indirectly by the usage of this strategy.
Ultimate Ichimoku Cloud StrategyThe goal of this strategy script is to provide the ultimate experience to anyone interested in the Ichimoku Kinkō Hyō (Ichimoku Cloud). The script is designed to be highly customizable and allows the user to set a custom trade date range and select any combination of inputs and conditions that satisfy their goals. Additionally, the script allows the user to visually see any combination of their set conditions by clicking the " Show Conditions Visually " checkbox. Doing so will color the background in a different color where the conditions align. Finally, a simple Stop/Take profit is added for those that wish to exit based on percentages over Ichimoku conditions.
As always, please let me know if there are any bugs, something useful that could be added or if you need some help. Leave a like if you wish!
