chrisfraser05

Strategy NNFX Tester

Strategy NNFX, Baseline, QQEs Fast C1, Slow C2, ATR, Volume and Exit


This is a Strategy Tester designed to work with Study (Alerts) of the same.

At time of creation based on Revision 8 of the Study.


DO NOT USE the Currency/Money Management section under settings. use the position sizing under "Inputs" - "Money Management" - "Risk per trade" which is defaulted to 2%

This has adjustable Baselines, Exits, ATR calculations, C1 and C2 are currently QQE & QQE Histo with adjustable settings but I'll include more choice of C1 & C2 as time goes on.

Find settings that work for you, then move them over to the Study version for best results.

Forward plans are to add much more options to both Alert/Strategy.

If anyone wants to collaborate or anything hit me up.
Release Notes: Revision 2 allows switching off Confirmation Indicators and Volume to allow test of Baselines/Exits without these.

Will make more switchable over time
Release Notes: Separated C1 & C2 in entry rules

Created structure to add more C1 and C2 indicators

Changed TP/TSL exit position comments to reflect what the Exit Trade Reason was
Release Notes: Lots of behind the scenes updates tidying up code, making more structured and modular to allow additional Indicators to be introduced later.

Some small bug fixes in Strategy Positions and Counters.

Added Continuation trades logic.

*** PLEASE message me if you have any extra C1 & C2 indicators you want added ***

All future updates will be rolled back across to the Alert Version for Daily Trading.
Release Notes: Added C2 indicators

Super Trend & Absolute Strength Historian
Release Notes: Added Vortex Indicator C1
Release Notes: Added Awesome Oscillator as C1 Indicator

*** Please contact me with other C1 & C2 Indicators to add to Strategy ***

Planned to update Alert Study to match Strategy End April 2021
Release Notes: Bug Fix
Release Notes: Added KDJ C2
Release Notes: Added SSL as C1 & C2 indicators

Tidied code, organised menus, changed some defaults.

Added "Inspirational" quote to end of code ;)
Release Notes: Added Filter for $EVZ value, lower limit to block trades, and upper limit to double risk
Release Notes: Added WAE Explosion Selectable/Tunable Volume Indicator
Release Notes: added C1 Cronex T Demarker
added C1 Squeeze Momentum Indicator
added C2 Kuskus Starlight
added C2 FX Sniper Ergodic
Release Notes: Added 3 new C1 indicators and 3 x C2 indicators. Now Totaling 10 of each.

Added calculations for extra pairs, so backtest now works correctly for all the following in any combination;

USD, CAD, CHF, EUR, JPY, SGD, HKD, CNH, SEK, NOK, DKK, PLN & ZAR.
Release Notes: General tidy up of menus
Release Notes: Added option for rule "Only Enter after/on candle moving in direction of trade"

This prevents entering a Long at the end of a Red Candle, and a short at the end of a green candle.

Prevents entry on the end of a pullback however, so backtest it's use with your Algo
Release Notes: Bug fix in Currency conversion and Trailing Stops
Release Notes: Enabled selection of Stop Losses.

Trailing stop, fixed stops or Fixed/Trailing.

Fixed trailing starts as Fixed Stops, once TP1 hits, SL for remaining half of the trade moves to a trailing stop!
Release Notes: Added ability to move SL to Break Even once TP1 is hit on Fixed Stoploss stategy
Release Notes: Additional C1 Indicator - ATR+Kijun-Sen


New function - Currency Strength Filter

Currencies pairs ranked by strength from 0 to 10
Filter selectable for both initial trade and continuation trades separately.
Currently working for AUD, CAD, CHF, EUR, GPB, JPY, NZD & USD.
For currencies not yet covered, trades will not be filtered and will continue as normal.
Release Notes: Added maximum number of securities to Strength filter.

Currencies covered are - EUR, USD, JPY, CHF, GBP, AUD, CAD, NZD, SGD, HKD, PLN, ZAR

Other currencies remain unfiltered

Bug fix in Currency Strength
Release Notes: Fixed bug in Stop loss functions
Release Notes: Simple Moving Average with offset bands above and below it applied to the profit curve.

Above upper band High Profit, between upper band and MA average Profit, between Ma and low band Low Profit, and below lower band Critical profit.

Increase or reduce position sizes based on current profit to dynamically increase/reduce risk based on recent results.
Also set Win/Loss ratio based on last 30 bars, for the High Profit Risk Value to be applied. This allows you to take advantage of a win streak/turn in performance of Algo, and to potentially get Profit above MA again when operating in reduced risk zone.

Also a warning MA on Profit, defaulted to 200 period. Prints warning on right hand side "Profit Above/Below MA, Do/Do Not trade"
Research suggests the profit of a strategy dropping below 200ma on the profit/equity curve may be a good point to move to paper trade only on instrument until performance goes back above.
Release Notes: Updated Risk Warning MA to 2x Ma's on Profit curve.

Warning to reduce risk when profit is under either the long or short MA, Warning to Stop Trading when Profit is under both MA's.
Release Notes: Update to Currency Strength Filter - Currencies rated under 1 were rounded to 0, and 0 was allowed through the filter as non ranked currencies scored 0.

Changed to all non ranked currencies (maximum securities in 1 script reached) get a score of 10 now, all others get ranked and you can filter weakest pairs.

Broken trade only after candle with momentum in direction of trade into two parts, innitial trade and continuation.

This allows entry on a pullback, but once an a trade is entered and closed, continuation signal can be prevented unless preceded by a candle in the direction of continuation. Avoids entering continuation in a falling price environment even if trend indicators still show a go signal.
Release Notes: Added hide overlay for when using the strategy alongside Study version.

Added short tags to be displayed above detailing "Safe Trade", "Caution" and "DO NOT TRADE" based on whether the strategy has been profitable recently on this pair.
Only displays when overlay hidden.

Adjust the Profit warning MA's to adjust profit warning sensitivity.

Caution is where Profit is above one MA but not the other, so climbing/falling.

Reference top be made to profit graph to verify before trading.
Release Notes: Changed calculations for strategy from % of starting capital to % equity

Changed colours of text to match colours of Alert Study.

Blue Long Entry, Red Short Entry, Yellow Exit and Grey for no action.
Release Notes: Added option to disable continuation trades

Added option to select C1 or C2 instead of SSL for exits

Replaced Dynamic Risk with Kelly Ratio Position sizing
Release Notes: Fixed SL issue. Removed Trailing stops for simplification (I personally only use Fixed losses now as I use MT5 Web for my Prop account).

Added ability to Remove Baseline, Remove Exit Indicator, use only a single position rather than have a second run on position, removed Currency strength filter as it was slowing code.
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.

Want to use this script on a chart?

Comments

100 coins
Reply
@Opyt, cheers man.

As we discussed I'm happy to add extra functionality if anyone has suggestions.

I'm working on a dynamic risk management function at the moment which I believe should add real value
+1 Reply
Opyt chrisfraser05
@chrisfraser05, Great work you're doing. My next step is to turn my backtested strategy into an EA to paper trade, which is a hurdle because I know nothing about MT4/MT5
Reply
@Opyt, yea that's part of my long term plans too.

I've got someone elses MT5 Beta EA running demo at the moment, it's doing well in demo.

I want to make my own from the ground up, using things I learn here on TV in the mean time.

If TV introduce Automated Trading however I'm in!!!!!
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Thanks for everything you're doing! Sent you a PM....I think.
200 coins
Reply
@Opyt, thanks so much bud!!!!
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This is amazing man, I’ve had a few aha moments with this and that’s all a trader can ask for
+1 Reply
Thanks Chris for sharing such a wonderful script. I use it everyday and got very nice algorithms that sometimes I think damn they are so good to be true. Honestly I wish I had coins to cheer with you.
+1 Reply
Hello mate , just wanted to say thank you for your great script almost found the holy grail thanks to you.
I know a little bit about coding and I tried my best with pinescript , I added a few indicators to your script (pardon me) I can send it to you if you want me to.
There is a problem I can't see why it's happening , sometimes in strategy backtesting I see a trade which amount of it is more than initial capital , If I put 10,000 USD in initial capital I see a trade which needs 14,000 USD.
I'd be really glad if you help me fix it , and if you don't it'd ok you did a great job already.
Thank you very much
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I cannot get this script to show up on my chart, what is going on?
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