TTP Kent Strat
Kent Strat trades breakouts using Bollinger Bands together with SuperTrend.
Features:
- Risk/reward ratio parameter
- Longs, shorts and combined positions.
- Breakout settings
- Trailing SL, trailing TP
- Use of latest candles to place the SL using a lookback parameter (how many candles to look back for a low/high price)
- Select your SL between the ATR trendline and the latest candle: the closest or furthest away value
- Show the trendline
- Backtest mode for accurate backtests
- Signal mode for live price accurate signals
- Date range backtesting
Filters:
- EMA 200 filter and timeframe selector. This filter can be used to trade with the trend: open longs on an uptrend and shorts on a downtrend.
- ADX filter using threshold. This filter can be used to filter entries where the trend is not very strong.
- ADX pointing up. ADX values pointing up and above certain threshold can improve entries.
- Relative volume filter based on the volume being X% above the MA of the Volume. Trading with volume can help filtering out bad trades.
Example setup:
1) pick
ETHUSDT
chart, 15 min chart
2) trade longs + shorts
3) pick ratio 3
4) trailing SL checked
5) trailing TP unchecked
7) stop loss "furthest"
8) candle loopback 30
9) BB period 21, dev 1, ATR filter on, atr period 5
10) EMA filter on, 15 min
11) ADX off
12) Volume filter on set to 60%
Features:
- Risk/reward ratio parameter
- Longs, shorts and combined positions.
- Breakout settings
- Trailing SL, trailing TP
- Use of latest candles to place the SL using a lookback parameter (how many candles to look back for a low/high price)
- Select your SL between the ATR trendline and the latest candle: the closest or furthest away value
- Show the trendline
- Backtest mode for accurate backtests
- Signal mode for live price accurate signals
- Date range backtesting
Filters:
- EMA 200 filter and timeframe selector. This filter can be used to trade with the trend: open longs on an uptrend and shorts on a downtrend.
- ADX filter using threshold. This filter can be used to filter entries where the trend is not very strong.
- ADX pointing up. ADX values pointing up and above certain threshold can improve entries.
- Relative volume filter based on the volume being X% above the MA of the Volume. Trading with volume can help filtering out bad trades.
Example setup:
1) pick
ETHUSDT
chart, 15 min chart 2) trade longs + shorts
3) pick ratio 3
4) trailing SL checked
5) trailing TP unchecked
7) stop loss "furthest"
8) candle loopback 30
9) BB period 21, dev 1, ATR filter on, atr period 5
10) EMA filter on, 15 min
11) ADX off
12) Volume filter on set to 60%
Release Notes:
- Option to plot all triggered buy and sell signals in the chart including the ones not used by the strategy.
- ADX default parameters improved.
- Option to exit your position when a signal against it triggers. Example: if you are in a short and a buy signal triggers close the position.
- Now you can select between the past candles and trendline levels to be used to place the stop loss. Independent lookback parameters provided. Example: you can enter a long on a buy signal and decide to place the SL in the lowest candle from the past 30 candles, or the lowest trend line level in the past 60 candles, or the one that is furthest away or closest. Total control! 🦜
- ADX default parameters improved.
- Option to exit your position when a signal against it triggers. Example: if you are in a short and a buy signal triggers close the position.
- Now you can select between the past candles and trendline levels to be used to place the stop loss. Independent lookback parameters provided. Example: you can enter a long on a buy signal and decide to place the SL in the lowest candle from the past 30 candles, or the lowest trend line level in the past 60 candles, or the one that is furthest away or closest. Total control! 🦜
Join our membership to gain access to the private scripts.
www.thetradingparrot.com
www.thetradingparrot.com