Dreadblitz

Strategy Death To The Bear

Simple strategy for the indicator "Death To The Bear".

Simple rules:

- Entry according to the selected weapons.
- Take profit 1 (TP1) in% of daily ATR (can be set, default 20%)
- Active Stop in Breakeven when I take profit in TP1.
- Take profit 2 (TP1) in% of daily ATR (can be set, default 30%)





* Pyramidization can be changed from the configuration (maximum number of tickets to average your price)

* Many do not like to pyramid, but I can assure you that with good management, and good choice of the instrument and time frame, you will get good money.

Note: at the request of some people who cannot see the EMOJI in the configuration you can choose TEXT.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

This is a wonderful strategy, thank you!
Is there any way you can please add "Buy" and "Sell" signals? For alerts?
Then we could automate the strategy via Alertatron or 3Commas.
+5 Reply
geektech2001 Grandmaster76
@Grandmaster76, yes we need allerts
Reply
Dreadblitz Grandmaster76
@Grandmaster76, hello the alerts are on the "Death To The Bear" indicator, greetings
Reply
HI Thanks for your info!
I have a question about the TP. You say pick up 20% and then 30%. The remaining 50%?
+1 Reply
Great job on the indicator! Would you have a metatrader version?
Reply
hi can u put sell strategy too ? and does the indicator repaints?
Reply
Hey man, any reason why you wouldn't adapt this strategy both sides ?
Reply
the strategy is great

i had a doubt that after buy entry there will be no stop loss untill it reaches the target 1 and when it reaches to target 1 the stop loss would be placed at break even

am i right if it works like that

what would be the maximum risk is unlimited i think

any ways thnks for ur hard work done
Reply
Dreadblitz RohitMamilla
@RohitMamilla, exactly, the stop is only activated when tp1 is reached, if you have a good management and select your instrument works well, my recommendation is to use Stocks of 20/40 usd, use Quantfury with your pyramid buying power with few actions, you can pyramid By means of the signals, only if the price goes 10% of the daily ATR, you can pyramid in fibonacci increments 1,1,2,3,5,8,13,21, etc., in this way you follow the price closely, parallel To this you can execute the strategy using oversold in a superior time frame, you can use my Dynamic RSI indicator, successful greetings in your trade.
Reply
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