BT Profit Sniper 3.0
BT Profit Sniper 3.0 is a completely new strategy built from the ground up as a successor to previous 1.0 and 2.0 versions of Profit Sniper.
Offering up huge improvements, including multiple position triggers, derived from Bollinger Bands and Chande Momentum as well as our own bespoke stochastic ribbons that provide trend pivots . Another big decision was to remove the MACD from the indicator package, as invariably users preferred using the built-in MACD .
So how does it work?
3.0 operates off two timeframes in parallel, your Trend Timeframe (Higher Timeframe concerned with identifying market up & down trends), and your Trade Timeframe (Lower Timeframe to actually backtest Longs & Shorts in).
Within each timeframe, you can tailor your preference for waiting for either Stochastic Ribbon cross only, or Ribbon Cross followed by Chande Confirmation for that additional market structure confidence.
You also have the option to trade with trend so the indicator will automatically flag & alert only Shorts in a Short trend, and Longs in a Long Trend.
User parameters allow traders to add trailing stop, toggle between percentage and USD value, providing higher accuracy in the forecast rate.
If you would like access, please send me a PM.
Offering up huge improvements, including multiple position triggers, derived from Bollinger Bands and Chande Momentum as well as our own bespoke stochastic ribbons that provide trend pivots . Another big decision was to remove the MACD from the indicator package, as invariably users preferred using the built-in MACD .
So how does it work?
3.0 operates off two timeframes in parallel, your Trend Timeframe (Higher Timeframe concerned with identifying market up & down trends), and your Trade Timeframe (Lower Timeframe to actually backtest Longs & Shorts in).
Within each timeframe, you can tailor your preference for waiting for either Stochastic Ribbon cross only, or Ribbon Cross followed by Chande Confirmation for that additional market structure confidence.
You also have the option to trade with trend so the indicator will automatically flag & alert only Shorts in a Short trend, and Longs in a Long Trend.
User parameters allow traders to add trailing stop, toggle between percentage and USD value, providing higher accuracy in the forecast rate.
If you would like access, please send me a PM.
Release Notes:
V3.0
A revamp of our Profit Sniper strategy, offering up numerous stability and usability improvements, including:
> Define your trade entry based on Ribbon, Ribbon and Rising/Falling MACD & Ribbon and Chande, with tuning settings for each including ribbon length, Chande length & height
> MACD Change exit mode to highlight the optimum place to exit a trade, with tuning settings to tailor it to your own preferred risk profile
If you would like access, please send me a PM.
A revamp of our Profit Sniper strategy, offering up numerous stability and usability improvements, including:
> Define your trade entry based on Ribbon, Ribbon and Rising/Falling MACD & Ribbon and Chande, with tuning settings for each including ribbon length, Chande length & height
> MACD Change exit mode to highlight the optimum place to exit a trade, with tuning settings to tailor it to your own preferred risk profile
If you would like access, please send me a PM.
Release Notes:
Minor Codefix to enhance profit lockin plot And positioning
Release Notes:
Improved Profit Locker accuracy to better align Profit Sniper Indicator and Strategy. Updated default settings for better user experience.
Release Notes:
Added in All / Long / SHorts & minor bug fixes
Release Notes:
Improvements to accuracy of calculation of Profit Locker exits
Release Notes:
updated default settings for 1 hour timeframe trading
Release Notes:
updated with hidden plotshapes for TP & SL
Release Notes:
Some code fix and improvements to profit lockin
Release Notes:
- FIxed the FINAL calculation 'bug' in PL so that it doesn't fire early (it fired as a TP if the candle it fired on also happened to have a low larger than the PL value)
- Separated out the 'break even' PL exit and the 'profit' lock in exits
- Added a 'break even' value so the break even PL will get you out at eg $14 = no loss inc fees
- Separated out the 'break even' PL exit and the 'profit' lock in exits
- Added a 'break even' value so the break even PL will get you out at eg $14 = no loss inc fees
Release Notes:
Some Code Fixes.
Release Notes:
Addition of optional Bollinger Band Squeeze criteria to reduce trade risk.
Addition of optional Weekend Trading filter for those who prefer to only trade weekdays
Addition of optional Weekend Trading filter for those who prefer to only trade weekdays
Release Notes:
Updated Inputs