Trend-following Strategy E v2.7 4H

Hi All,

Welcome to my third published Trend-following strategy for bitcoin , designed specifically for BITMEX:XBTUSD on 4H.
This is an improvement of my second script (v2.6) to try and reduce 'chop' in consolidating ranges.

In order to set up Alerts for this strategy, I've created a second script called Trend-following Alert E v2.7 4H which you can find here:

Here you will find the "active_long" and "active_long" variables (red and blue lines) that show which positions are being taken by the strategy script.

You can set 'Once per bar close' alerts for this to get your alerts on TV.
For instance, I use 'crossing up @ 0.1' on "active_long" to set an 'Open Long" alert and a 'crossing down @ 0.9' to set a 'Close Long' alert.
The same holds for the 'Open Short' and the 'Close Short' alerts but then for the 'active_short' variable.

As you can see from the backtest I've done my best to create a decent ROI with limited DD.
Compared to the previous version (v2.6), the following has been improved:
- Accuracy has been increased from 49 to 63%
- Max. DD. has been reduced by 40%
- ROI /DD has been increased by 77%

You can also run this backtest/strategy with '100% of equity' but I would advise against trading this as your risk will fundamentally increase.
With a constant order size this strategy should be quite safe to use.

Going from the results it's clear that this strategy excels during clear bull/bear trends but might suffer a little bit during market chop (hopefully less with this update)

There are two inputs that can be modified on this strategy, however I think the current settings are optimal for this market on the 4H candle.

I've also added start and end dates to test specific time periods.

Please let me know if you have any questions.
Release Notes: Please contact me via PM to gain access
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