This is a modified version of my script muxie1. The muxie1 is more profitable in backtesting but is more risky as the stop loss is only triggered when a reversal happens and orders 2x more in reverse direction. The current script works the same but if loss is substancial and reaches the safety stop loss then the trade is closed.
This uses 2 EMA and Stop Loss and Take Profit, The soft stops don't fire at the precise value but only when the trend reverses it is actually good for 1D timeframe since 2019, it was however optimised for 1min but I am not able to share scripts for 1m.
Have equivalent code for quantum zone Ftx. Note the stops are in dollars of btc price, so this makes sense for bitcoin only.
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Updated for best results ---- This is a modified version of my script muxie1. The muxie1 is more profitable in backtesting but is more risky as the stop loss is only triggered when a reversal happens and orders 2x more in reverse direction. The current script works the same but if loss is substancial and reaches the safety stop loss then the trade is closed.
This uses 2 EMA and Stop Loss and Take Profit, The stops don't fire at the precise value but only when the trend reverses it is actually good for 1D timeframe since 2019, it was however optimised for 1min but I am not able to share scripts for 1m. -- Have equivalent code for quantum zone ftx. Note the stops are in dollars of btc price, so this makes sense for bitcoin only.