PROTECTED SOURCE SCRIPT
BTC/ETH Al Brooks-Inspired Strategy (BP, Trap, SE2)
This strategy backtests a price-action-based entry model for BTC/ETH Futures on lower timeframes (5m recommended). It combines:
✅ Breakout-Pullback entries after a trend move with pullback to 20 EMA
✅ Al Brooks-style Second Entries (SE2) after failed first reversals
✅ EMA-based trend filtering using 20 EMA and 200 EMA
✅ ATR-based dynamic stop-loss and 2R profit targets
Only trades are taken when:
Trend is clearly established (20 EMA slope confirmation)
Entry setup confirms with reversal candle (engulfing or pin bar)
Risk and reward are calculated dynamically with ATR(14)
Use this to evaluate strategy viability before live execution.
✅ Breakout-Pullback entries after a trend move with pullback to 20 EMA
✅ Al Brooks-style Second Entries (SE2) after failed first reversals
✅ EMA-based trend filtering using 20 EMA and 200 EMA
✅ ATR-based dynamic stop-loss and 2R profit targets
Only trades are taken when:
Trend is clearly established (20 EMA slope confirmation)
Entry setup confirms with reversal candle (engulfing or pin bar)
Risk and reward are calculated dynamically with ATR(14)
Use this to evaluate strategy viability before live execution.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.