Here I present you on of Trade Pro's Trading Idea: Cipher B+ Divergence EMA Pullback Strategy.
Optimized the crypto pairBTC/USDT in the 30 minute chart.
There is the possibility to switch between short and long positions.
You can choose between 2 different take profit/stop loss types: The Lowest Low/ Highest High Stop Loss/ Take Profit and the ATR Take Profit/ Stop Loss.
The price must be above the 200 EMA . The price needs to make a pullback into the 50 EMA .
Right after that, the Cipher B indicator must give a buy signal, it must be below the zero line and the Money Flow cloud must be green.
Short
Contrary to the premise of long positions.
EXIT Lowest Low/ Highest High Exit
The Lowest Low (long) / highest high (short) serves as the stop loss. The TP is formed on the basis of a factor. (Long for example: *Lowest Low* multiplied by *Profitfactor* = TP).
ATR Exit
The value of ATR at the time of buying is multiplied by the value entered in "Profit factor ATR" and "Stop factor ATR". As soon as the price reaches this value, it is closed.
Important
The script must be optimized for each coin or currency pair. However, only the values for the profit factor, the stop loss and Lowest Low / Highest High are relevant. Also, by changing the Chanel Length and the Chanel Average, you can create strong profit changes.
The results of the strategy are without commissions and leverage.
If you have any questions or feedback, please let me know in the comments.
If you need more information about the strategy and want to know exactly how to apply it, check out my profile. There I have created a tutorial for the function of the script.
maybe you can add a number of lookback candles to search for a cipher buy/sell point, because its too difficult to match the exact candle with the pullback and the cipher.. just an idea
Great job man. I was just about to sit down and try to figure out a terrible version of this when I found you. amazing work. One question what are the channel length and channel average? when you change them, the results change drastically, just like you said.
TradingStrategyCheck
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@Signalstac, hey, thanks for youre comment! Thats the two wavetrend lines.
Northporte
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@TradingStrategyCheck, ohh wow, yeah thats pretty major. I fine tuned the settings so that it gives me 71% win rate with a 158% profitability, 11% max drawdown! This is on another level. I would love to share those settings with you so we could figure out how to alter the wave trendlines so that it fits those settings. Is that something you could show me?
TradingStrategyCheck
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@Signalstac, Good morning :) I will update the strategy in the next time and add some innovations, so that you have even more setting options.