TradingView
TraderHalai
May 15, 2018 7:24 AM

Rule Number 1 Signals 

NASDAQ:MU1D
Micron Technology, Inc.NASDAQ

Description

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This script takes the Rule #1 3 tools and plots them on the graph, to provide an additional level of indication for when to sell and when to buy.

Release Notes

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Close instead of buy

Release Notes

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Minor cosmetic changes

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exit on 2 signals as per rule number 1

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More aggressive closing tactic to take profits if things don't go well

Release Notes

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Added comments and made the entry criteria based off of three period entry for each of the three tools.

Included an experimental stop loss strategy - though will port this over to another future script with comprehensive support resistance.

Release Notes

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Cleanup

Release Notes

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Switch back to simple moving average as per the book, and implement a look back mechanism for sell signal (to be in line with the buy signal)

Release Notes

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Simplify script - resulting in higher win rates

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Simplify script

Release Notes

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Cleanup + refine the strategy to wait for 2 signals and then enter on the third as per the book.

Allowing for more signals per timeframe

Release Notes

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Update to Pine script version 4
OscillatorsStochastic OscillatorTrend AnalysisMoving AveragesrulenumberONEsignaltoolssma
Comments
mattmccrohon
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Just found this after reading Rule #1 and after about 2 months of using TV . Very very useful. Thank you very much 👌
Fr_Boy
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Hello,

I like your scripts very much. Thanks a lot for sharing.
I did change a minor thing: strategy.entry("buy", strategy.long, comment="BUY")

I know wealth-lab has a possibility to optimize settings.
Is this possible with tradingview?

Regards
Doran-M
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Amazing job Bro, I follow it and let you know it works perfectly!
TraderHalai
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@Doran-M, thanks mate, glad it helped you
Doran-M
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@SunilHalai, I just want to share something with you, I changed inputs manually for different Symbols and the Time periods and the results were wonderful!
for example: AAPL, 4h
Fast Length: 1
Slow Length: 28
MACD Length: 9
SMA Signal: 44
Stochastic Length: 15

Results:
Net Profit: 1.47%, 1474$
Total Closed Trade: 54
Percent Profit: 61%
Max Down: 0.05%

Can you try that and tell me do I have the right assumption or not?

thanks
TraderHalai
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@Doran-M, Thanks for sharing, those results seem really good. I have not tested this strategy live/forward testing, so will need to verify. I would expect the results might not be up to those standards in real life trading however
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