Open DriveOpen Drive is a market profile concept introduced by Jim Dalton. It occurs when the price moves directionally and persistently for the first 30 minutes from the cash market open.
It is necessary to use 30-minute bars as there needs to be enough time to measure an extreme move of the cash open. This means there will be fewer trades than other strategies using faster time periodicities.
The script finds open drives from these time points 0700/ 0800 and 1300/1430.
The entry signal also has a breakout threshold using the 5-bar high and 5-bar low to only take trades moving away from the prior 5-bar range. This weeds out most mid-range trades and small range expansion bars.
If the price has had a strong move from the open and has broken either below the prior 5-bar low or above the prior 5-bar high by an amount equal to the prior 5-bar range a trade is entered in the direction of the move.
The Exit criteria; exit after 3 bars which is 90mins when using a 30min periodicity.
Note, this script is shared to show that momentum generated on or around the cash open tends to persist. The entry and exits of this strategy are quite naive but there are plenty of ways to take more aggressive entries on faster time frames when an open drive occurs. The times chosen for this strategy will suit stock index futures mainly. The user can experiment with other futures products and their corresponding pit/ cash open hours.
Google "open drive market profile" for more information on open drives and market profile concepts.
Happy trading!
Forecasting
M0PB (Momentum Pullback)Long/short strategy that identifies extreme readings on the rsi as a *momentum signal*, unlike most RSI strategies the script will look to buy or sell the first pullback in the direction of the extreme RSI reading.
Enters positions on the first pullback to the 5ema(low)/ 5ema(high) and exits at rolling 12 bar high/ low. The rolling high/ low feature means that if the price enters into a prolonged consolidation the profit target will begin to reduce with each new bar. The best trades tend to work within 2-6 bars.
Built for use on 5 min intervals on FX, Indexes, and Crypto. Lower than 5 minute time frames tend to be noisier and mean more commissions and a higher risk of slippage so the suggested timeframe is 5 mins.
Hard stop is X ATR (users can experiment with this) from the position entry price. This can be adjusted in user inputs.
There is a lot of slack left in entries and exits but the overall strategy is fairly robust across timeframes and markets and has between 60%-70% win rate with larger winners.
Signals that occur from economic news volatility are best avoided.
Big Whale Purchases and SalesBig Whale Purchases and Sales - plots big whale transactions on your chart!
People that hold more than 1% of a crypto currencies circulating supply are considered whales and have a huge influence on price, not just because they can move the market with their huge transactions, but also because other traders often track their wallets and follow their example. Taking a look at whale holdings, one can see why whale worship is so common in crypto: While Bitcoin has a relatively low whale concentration, many of the Top 100 Cryptocurrencies have whales control 60% or more of their circulating supply.
Integrating IntoTheBlock data, this script plots the transactions of these whales and, in strategy mode, copy trades them.
Features:
Strategy Mode: Switches the script between an indicator and a strategy.
Standard Deviations: The number of Standard Deviations that a transaction needs to surpass to be considered worth plotting. Setting this to 0 will show all whale transactions, higher settings will only show the biggest transactions.
Blockchain: The Chain on which Whale activity is tracked.
Miyagi BacktesterMiyagi: The attempt at mastering something for the best results.
Miyagi indicators combine multiple trigger conditions and place them in one toolbox for traders to easily use, produce alerts, backtest, reduce risk and increase profitability.
The Miyagi Backtester is a standalone backtester which is to be applied to the chart after the Miyagi indicator to be backtested.
The backtester can only backtest one script at a time, and is meant to backtest ONCE PER BAR CLOSE entries.
It is currently not possible to backtest ONCE PER BAR entries.
The backtester will allow users to all Miyagi Indicators using DCA strategies to show returns over a selectable time period.
The backtester allows leverage, and as such users should be aware of the Maximum Amount for Bot Usage and Leverage Required Calculations.
The DCA Selector switch will allow users to backtest with, or without DCA.
Static DCA is used within the backtester and allows users to see DCA Statistics on closed trades.
How to use the Miyagi Backtester
Step 1: Apply the Miyagi Indicator of Choice to backtest (4in1/10in1/Strend).
DATE AND TIME RANGE:
-Date and time range to backtest.
TRADE:
-Entry source to backtest. Please select the "Outbound Entry Signal Sender"
-Trade Direction to backtest. This can be helpful to backtest according to your strategy (long or short).
-Take Profit % to backtest. This is the percent take profit to backtest. Slippage can be accounted for on the "Properties" tab.
-Stoploss % to backtest. This is the percent stoploss to backtest.
DCA:
DCA Checkbox: Enable the DCA Checkbox to backtest with DCA. Disable it to backtest without DCA.
Leverage: Input the Leverage you will trade with.
Base Order Size (% Equity): This is the Base order (BO) size to backtest in % of equity.
Safety Order Size (% Equity): This is the Safety order (SO) size to backtest in % of equity.
Number of DCA Orders: This is the maximum amount of DCA orders to place, or total DCA orders.
Price Deviation (% from initial order): This is the percent at which the first safety is placed.
Safety Order Step Scale: This is the scale at which is applied to the deviation for the step calculation to determine next SO placement.
Safety Order Volume Scale: This is the scale at which is applied to the safety orders for the volume calculation to determine SO Volume.
Real world DCA Example:
The process is as follows.
Base Order: This is your initial order size, $100 used for Base Order
Safety Order: This is your first safety order size, which is placed at the deviation. $100 Safety Order, it is good to keep the same size as your BO for your scaling to be effective.
Price deviation: This is the deviation at which your first Safety order is placed. 0.3-0.75% used by most of our members.
Safety Order Volume Scale: This is the scale at which is applied to the safety orders for the volume calculation. Scale of 2 used, which means that SO2 = (SO1) * 2, or $200. This scaling is typical for all following orders and as such SO3 = (SO2) *2, or $400.
Safety Order Step Scale: This is the scale at which is applied to the deviation for the step calculation. This is similar to the volume scale however the last order percentage is added.
Scale of 2 used, which means that SO2 % = ((Deviation) * 2) + (SO1%). (0.5% *2) + (0.5) = 1.5%.
This scaling is typical for all following orders except that the prior deviation is used and as such SO3 = ((Prior%) * 2) + (Deviation). (1.5% * 2) +(0.5%) or 3.5%.
Total SO Number: The calculations will continue going until the last SO. It is helpful to understand the amount of SO’s and scaling determines how efficient your DCA is.
Backtester Outputs include:
Net Profit to display net profit
Daily Net Profit to estimate
Percent Profitable which shows ratio of winning trades to losing trades.
Total Trades
Winning Trades
Losing Trades (only applicable if stoploss is used)
Buy & Hold Return (of the backtested asset) to compare if the strategy used beats buy & hold return.
Avg Trade Time is very helpful to see average trade time.
Max Trade Time is very helpful to see the maximum trade time.
Total Backtested Time will return total backtested time.
Initial Capital which is taken from the Properties tab.
Max amount for Bot Usage which can be helpful to see bot usage.
Leverage Required will show you the leverage required to sustain the DCA configuration.
Total SO Deviation will allow users to see the drop coverage their DCA provides.
Max Spent which is a % of total account spent on one trade.
Max Drawdown which displays the maximum drawdown of any trade.
Max % distance from entry shows the maximum distance price went away from entry prior to the trade closing.
Max SO Used which shows the maximum number of SO's used on a single trade
Avg SO Used which shows the average number of SO's used in all closed trades.
Deals closing with BO Only calculation will show how many trades are closed without DCA.
Deals closing with 1-7 SOs calculation will show how many trades are closed with DCA, and allow for fine-tuning.
Happy Trading!
This script will be effective to backtest and produce the best settings for each timeframe and pair across all STP Scripts.
This will take a lot of the manual work out of backtesting for our users while improving profit potential.
Happy Trading!
Scripting Tutorial 9 - TManyMA Strategy - Long Market Order OnlyThis script is for a triple moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
Features:
- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )
- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.
- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market.
- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked to my profile.
- Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA1 and MA2 and another 5 between MA2 and MA3.
- Ribbons are alpha-color coded based on their relation to their default MAs.
- Ribbons are only visible between MAs if the MAs being compared share the same Type, Resolution, and Source because there is no way to consolidate those three in a simple manner.
- Ribbon values are calculated based on calculated MA Periods between the MAs.
- Converted the existing study into a strategy
- Strategy only enters long positions with a market order when MA crossovers occur
- Strategy exits positions when crossunders occur
- Trades 100% of the equity with one order/position by default
- Ability to disable trading certain crosses with input checks
This script is meant as an educational script with well-formatted styling, and references for specific functions.
*** PLEASE NOTE - THIS STRATEGY IS MEANT FOR LEARNING PURPOSES. DEPENDING ON IT'S CONFIGURATION IT MAY OR MAY NOT BE USEFUL FOR ACTUAL TRADING. THE STRATEGY IS NOT FINANCIAL ADVICE ***
Faytterro Estimator StrategyWhat is "Faytterro Estimator Strategy"?
"Faytterro Estimator Strategy" is strategy of faytterro estimator. if you want to know more about faytterro estimator:
What it does?
It trades according to the signals given by faytterro estimator and some additional restrictions.
How it does it?
Using the faytterro estimator and the following variables, it gives buy and sell signals in different sizes at ideal points.
How to use it?
The "source" part is used to change the source of faytterro estimator.
The "length" is the length of the fayterro estimator.
"Minimum entry-close gap" is the minimum distance between two transactions opened in opposite directions. For example, if you opened long at 20 500 and "Minimum entry-close gap" is 400, you will not receive a sell signal before the price goes above 20900.
If "minimum entry-entry gap" is the minimum difference between two transactions opened in the same direction. For example, if you open long at 20500 level and the "minimum entry-entry gap" is 400, you will not receive a "buy" signal before the price goes below the 20100 level.
"strong entry size" determines the size of strong signals. The size of ordinary signals is always 1.
note: default values for btc/usdt 1 hour timeframe.
GT 5.1 Strategy═════════════════════════════════════════════════════════════════════════
█ OVERVIEW
People often look an indicator in their technical analysis to enter a position. We may also need to look at the signals of one or more indicators to verify the signals given by some indicators. In this context, I developed a strategy to test whether it really works by choosing some of the indicators that capture trend changes with the same characteristics. Also, since the subject is to catch the trend change, I thought it would be right to include an indicator using the heikin ashi logic. By averaging and smoothing the market noise, Heiken Ashi makes it easier to detect the direction of the trend helps to see possible reversal points on the chart. However, it should be noted that Heiken Ashi is a lagging indicator.
I picked 5 different indicators (but their purpose are similar) and combined them to produce buy and sell signals based on your choice(not repaint). First of all let's get some information about our indicators. So you will understand me why i picked these indicators and what is the meaning of their signals.
1 — Coral Trend Indicator by LazyBear
Coral Trend Indicator is a linear combination of moving averages, all obtained by a triple or higher order exponential smoothing. The indicator comes with a trend indication which is based on the normalized slope of the plot. the usage of this indicator is simple. When the color of the line is green that means the market is in uptrend. But when the color is red that means the market is in downtrend.
As you see the original indicator it is simple to find is it in uptrend or downtrend.
So i added a code to find when the color of the line change. When it turns green to red my script giving sell signals, when it turns red to green it gives buy signals.
I hide the candles to show you more clearly what is happening when you choose only Coral Strategy. But sometimes it is not enough only using itself. Even if green dots turn to red it continues in uptrend. So we need a to look another indicator to approve our signal.
2 — SSL channel by ErwinBeckers
Known as the SSL , the Semaphore Signal Level channel is an indicator that combines moving averages to provide you with a clear visual signal of price movement dynamics. In short, it's designed to show you when a price trend is forming. This indicator creates a band by calculating the high and low values according to the determined period. Simply if you decide 10 as period, it calculates a 10-period moving average on the latest 10 highs. Calculate a 10-period moving average on the latest 10 lows. If the price falls below the low band, the downtrend begins, if the price closes above the high band, the uptrend begins. Lets look the original form of indicator and learn how it using.
If the red line is below and the green band is above, it means that we are in uptrend, and if it is on the opposite side, it means that we are in downtrend. Therefore, it would be logical to enter a position where the trend has changed. So i added a code to find when the crossover has occured.
As you see in my strategy, it gives you signals when the trend has changed. But sometimes it is not enough only using this indicator itself. So lets look 2 indicator together in one chart.
Look circle SSL is saying it is in downtrend but Coral is saying it has entered in uptrend. if we just look to coral signal it can misleads us. So it can be better to look another indicator for validating our signals.
3 — Heikin Ashi RSI Oscillator by JayRogers
The Heikin-Ashi technique is used by technical traders to identify a given trend more easily. Heikin-Ashi has a smoother look because it is essentially taking an average of the movement. There is a tendency with Heikin-Ashi for the candles to stay red during a downtrend and green during an uptrend, whereas normal candlesticks alternate color even if the price is moving dominantly in one direction. This indicator actually recalculates the RSI indicator with the logic of heikin ashi. Due to smoothing, the bars are formed with a slight lag, reflecting the trend rather than the exact price movement. So lets look the original version to understand more clearly. If red bars turn to green bars it means uptrend may begin, if green bars turn to red it means downtrend may begin.
As you see HARSI giving lots of signal some of them is really good but some of them are not very well. Because it gives so much signals Now i will change time period and lets look same chart again.
Now results are better because of heikin ashi's logic. it is not suitable for day traders, it gives more accurate result when using the time period is longer. But it can be useful to use this indicator in short time periods using with other indicators. So you may catch the trend changes more accurately.
4 — MACD DEMA by ToFFF
This indicator uses a double EMA and MACD algorithm to analyze the direction of the trend. Though it might seem a tough task to manage the trades with the help of MACD DEMA once you know how the proper way to interpret the signal lines, it will be an easy task.
This indicator also smoothens the signal lines with the time series algorithm which eventually makes the higher time frame important. So, expecting better results in the lower time frame can result in big losses as the data reading from the MACD DEMA will not be accurate. In order to understand the function of this indicator, you have to know the functions of the EMA also.
The exponential moving average tends to give more priority to the recent price changes. So, expecting better results when the volatility is very high is a very risky approach to trade the market. Moreover, the MACD has some lagging issues compared to the EMA, so it is super important to use a trading method that focuses on the higher time frame only. What does MACD 12 26 Close 9 mean? When the DEMA-9 crosses above the MACD(12,26), this is considered a bearish signal. It means the trend in the stock – its magnitude and/or momentum – is starting to shift course. When the MACD(12,26) crosses above the DEMA-9, this is considered a bullish signal. Lets see this indicator on Chart.
When the blue line crossover red line it is good time to buy. As you see from the chart i put arrows where the crossover are appeared.
When the red line crossover blue line it is good time to sell or exit from position.
5 — WaveTrend Oscillator by LazyBear
This is a technical indicator that creates high and low bands between two values. It then creates a trend indicator that draws waves with highs and lows within these boundaries. WaveTrend is a widely used indicator for finding direction of an asset.
Calculation period: number of candles used to calculate WaveTrend, defaults to 10. Averaging period: number of candles used to average WaveTrend, defaults to 21.
As you see in chart when the lines crossover occured my strategy gives buy or sell signals.
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█ HOW TO USE
I hope you understand how the indicators I mentioned above work and what they are used for. Now, I will explain in detail how to use the strategy I have created.
When you enter the settings section, you will see 5 types of indicators. If you want to use the signals of the indicators, simply tick the box next to the indicators. Also, under each option there is an area where you can set the "lookback". This setting is a field that will make the signals overlap when you select more than one option. If you are going to trade with only one option, you should make sure that this field is 0. Otherwise, it may continue to generate as many signals as you choose.
Lets see in chart for easy understanding.
As you see chart, if i chose only HARSI with lookback 0 (HARSI and CORAL should be 1 minumum because of algorithm-we looking 1 bar before, others 0 because we are looking crossovers), it will give signals only when harsı bar's color changed. But when i changed Lookback as 7 it will be like this in chart.
Now i will choose 2 indicator with settings of their lookback 0.
As you see it will give signals when both of them occurs same time. But HARSI is an indicator giving very early signal so we can enter position 5-6 bars after the first bar color change. So i will change HARSI Lookback settings as 7. Lets look what happens when we use lookback option.
So it wil be useful to change lookback settings to find best signals in each time period and in each symbol. But it shouldnt be too high. Because you can be late to catch trend's starting.
this is an image of MACD and WAVE trend used and lookback option are both 6.
Now lets see an example with 3 options are chosen with lookback option 11-1-5
Now lets talk about indicators settings. After strategy options you will see each indicators settings, you can change their settings as you desired. So each indicators signal will be changed according to your adjustment.
I left strategy options with default settings. You can change it manually as if you want.
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█ LIMITATIONS: Don't rely on non-standard charts results. For example Heikin Ashi is a technical analysis method used with the traditional candlestick chart.Heikin Ashi vs. Candlestick Chart: The decisive visual difference between Heikin Ashi and the traditional chart is that Heikin Ashi flattens the traditional candlestick chart using a modified formula.
The primary advantage of Heikin Ashi is that it makes the chart more reader-friendly and helps users identify and analyze trends .
Because Heikin Ashi provides averaged price information rather than real-time price and reacts slowly to volatility — not suitable for scalpers and high-frequency traders. I added HARSI indicator as a supportive signal because it is useful with using CORAL and SSL channel indicators. If you change your candle types to Heikin Ashi , your profit will change in good way but dont rely on it.
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█ THANKS:
Special thanks to authors of the scripts that i used.
@LazyBear and @ErwinBeckers and @JayRogers and @ToFFF
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█ DISCLAIMER
Any trade decisions you make are entirely your own responsibility.
R19 STRATEGYHello again.
Let me introduce you R19 Strategy I wrote for mostly BTC long/short signals
This is an upgrated version of STRATEGY R18 F BTC strategy.
I checked this strategy on different timeframes and different assest and found it very usefull for BTC 1 Hour and 5 minutes chart.
Strategy is basically takes BTC/USDT as a main indicator, so you can apply this strategy to all cryptocurrencies as they mostly acts accordingly with BTC itself (Of course you can change main indicator to different assets if you think that there is a positive corelation with. i.e. for BTC signals you can sellect DXY index for main indicator to act for BTC long/short signals)
Default variables of the inticator is calibrated to BTC/USDT 5 minute chart. I gained above %77 success.
Strategy simply uses, ADX, MACD, SMA, Fibo, RSI combination and opens positions accordingly. Timeframe variable is very important that, strategy decides according the timeframe you've sellected but acts within the timeframe in the chart. For example, if you're on the 5 minutes chart, but you've selected 1 hour for the time frame variable, strategy looks for 1 hour MACD crossover for opening a position, but this happens in 5 minutes candle, It acts quickly and opens the position.
Strategy also uses a trailing stop loss feature. You can determine max stoploss, at which point trailing starts and at which distance trailing follows. The green and red lines will show your stoploss levels according to the position strategy enters (green for long, red for short stop loss levels). When price exceeds to the certaing levels of success, stop loss goes with the profitable price (this means, when strategy opens a position, you can put your stop loss to the green/red line in actual trading)
You can fine tune strategy to all assets.
Please write down your comments if you get more successfull about different time zones and different assets. And please tell me your fine tuning levels of this strategy as well.
See you all.
MY_TRENDThe MY_TREND strategy is designed to work with cryptocurrencies and stocks.
The optimal working timeframe is 1 - 4 hours.
The search for trading zones and main entry points is based on the Donchian channel using the author's filtering by pinning.
To avoid manipulations in the market, the algorithm monitors the level of the price relative to the global trend and thus filters out a large part of the false signals.
If the price fixes above the trend line, we expect an upward movement, and if it fixes below, we expect a downward movement.
In addition, in the settings it is possible to use additional trend entries, as well as aggressive trading.
To do this, in the area of action of the main trend, built on the basis of the Donchian channel, a local trend is formed at the moving average price of the asset.
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📗 Algorithm for selecting optimal parameters:
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1. Disable the use of takes and stops, and set up the setup (described below) so that the back test readings are positive and have growing dynamics.
Pay attention to the level of drawdown and the percentage of correct trades.
2. Enable the use of a stop line, and select the most optimal stop parameters so that the drawdown level on the back test is acceptable for you.
3. Enable the use of takes and select the most optimal take for your strategy.
4. Select the type of trade (described below) and make sure that the back test readings are acceptable to you.
5. By default, the strategy uses a trading commission of 0.04% (standard for crypto futures), but for stocks it should be set in accordance with the commissions of your broker.
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💹 SETUP SETTINGS:
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Setup_length - distance for calculating and evaluating volatility in the Donchian channel.
For an older timeframe, it is better to lower the value, otherwise we may get a delay in the reaction of the trend to the price movement.
Setup_mult - multiplier to smooth out the reaction of the trend in the Donchian channel.
For an older TF, it is better to increase the value in order to avoid false entry signals.
Selecting the type of trade:
BASED - gives trading signals only when the basic trend changes (trading without additional entry signals).
IN_TREND - gives BASED trading signals and additional signals on the underlying trend, using the ADD SMA as a local trend indicator.
AGRESSIVE - gives BASED trading signals and additional signals on the underlying trend, when the price falls below the ADD SMA local trend line.
ADD SMA length - SMA period to form a local trend within the underlying Donchian trend (values in the range of 3-9 should be used to get a fast response).
This setting is relevant for IN_TREND and AGRESSIVE trading types.
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🟢 TAKE SETTINGS:
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The strategy has 3 types of take:
ATR - take based on the instrument's volatility value (adjusted by a multiplier).
FIX - take, set as a percentage (set manually).
STDEV - take, based on the calculation of the standard deviation of the price (adjusted by a multiplier and a period).
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⛔️ STOP SETTINGS:
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The strategy has 3 types of stops:
ATR - stop based on the instrument's volatility value (adjustable by a multiplier).
FIX - stop specified in percentage (set manually).
TREND - the stop line is equal to the base trend line.
It is possible to turn on the stop line tightening to the level of the price of entry into a position, when the price passes the value of one standard deviation into profit.
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💡 OTHER USEFUL FEATURES
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✅ In the strategy, you can enable / disable the use of takes and stop lines.
✅ In the strategy, you can enable / disable the display of the base and local trend lines, and enable the background highlighting of the current trend.
✅ You can choose the direction of trading: long, short or any.
✅ Leverage can be set (x3 by default).
✅ The screen has a compact display of a table with the current strategy settings and the current state (position, takes, stop).
For the convenience of saving your settings, use the standard PrintScreen function.
✅ You can sign the strategy in the Notes field - this is convenient if you place several versions of the MY_TREND strategy on the chart with different settings (for different pairs or for different timeframes).
✅ You can choose the type of alerts - ALERT or BOT.
ALERT - tradingview pop-up trading alerts (you can configure them to be sent to e-mail or to the application).
BOT - trading commands following the Binance/Finandy syntax, designed to be sent to a trading bot using a webhook.
To use alerts, select "Only when the alert() function is called"
✅ 👉 In the strategy settings, each field has hints, to do this, hover over the ⓘ sign
💰 Be sure to follow the risk management when trading!
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The MY_TREND strategy is private! You can get test access to it for 24 hours.
👉 In order to gain access or ask questions, write to me in private messages or at the contacts indicated in my signature.
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Стратегия MY_TREND предназначена для работы с криптовалютами и акциями.
Оптимальный рабочий таймфрейм 1 - 4 часа.
Поиск торговых зон и основных точек входа производится на базе канала Donchian используя авторскую фильтрацию по закреплению.
Чтобы избежать манипуляций на рынке, алгоритм отслеживает уровень нахождения цены относительно глобального тренда и тем самым фильтрует немалую часть ложных сигналов.
При закреплении цены выше трендовой, мы ожидаем восходящее движение, а при закреплении ниже - нисходящее.
Кроме этого в настройках есть возможность использовать дополнительные входы по тренду, а также агрессивную торговлю.
Для этого в зоне действия основного тренда, построенного на базе канала Donchian, формируется локальный тренд по средней скользящей цены актива.
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📗 Алгоритм подбора оптимальных параметров:
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1. Отключите использование тейков и стопов, и настройте сетап (ниже подробно описано) так, чтобы показания бэк-теста были положительными и имели растущую динамику.
Обращайте внимание на уровень просадки и процент верных сделок.
2. Включите использование стоп-линии, и подберите наиболее оптимальные параметры стопа так, чтобы уровень просадки на бэк-тесте был для Вас приемлемым.
3. Включите использование тейков и подберите наиболее оптимальный тейк для Вашей стратегии.
4. Выберите тип торговли (ниже описано) и убедитесь в приемлемых для Вас показаниях бэк-теста.
5. По умолчанию в стратегии используется торговая комиссия 0,04% (стандартно для крипто-фьючерсов), но для акций её следует выставить в соответствии с комиссиями Вашего брокера.
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💹 НАСТРОЙКА СЕТАПА:
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Setup_length - дистанция для расчета и оценки волатильности в канале Donchian.
Для более старшего ТФ, значение лучше понижать, иначе мы можем получить запаздывание реакции тренда на движение цены.
Setup_mult - множитель, для сглаживания реакции тренда в канале Donchian.
Для более старшего ТФ, значение лучше повышать, чтобы избежать ложных сигналов на вход.
Выбор типа торговли:
BASED - даёт торговые сигналы только при смене базового тренда (торговля без дополнительных сигналов на вход).
IN_TREND - даёт торговые сигналы BASED и дополнительные сигналы по базовому тренду, используя ADD SMA как индикатор локального тренда.
AGRESSIVE - даёт торговые сигналы BASED и дополнительные сигналы по базовому тренду, при просадке цены ниже линии локального тренда ADD SMA.
ADD SMA length - Период SMA для формирования локального тренда внутри базового тренда Donchian (следует использовать значения в диапазоне 3-9, для получения быстрой реакции).
Данная настройка актуальна для типов торговли IN_TREND и AGRESSIVE.
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🟢 НАСТРОЙКА ТЕЙКОВ:
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Стратегия имеет 3 типа тейка:
ATR - тейк на базе значения волатильности инструмента (регулируется множителем).
FIX - тейк, заданный в процентах (задаётся вручную).
STDEV - тейк, на базе расчёта стандартного отклонения цены (регулируется множителем и периодом).
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⛔️ НАСТРОЙКА СТОПА:
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Стратегия имеет 3 типа стопа:
ATR - стоп на базе значения волатильности инструмента (регулируется множителем).
FIX - стоп, заданный в процентах (задаётся вручную).
TREND - стоп-линия равна базовой линии тренда.
Есть возможность включить подтяжку стоп-линии на уровень цены входа в позицию, при прохождении цены значения одного стандартного отклонения в профит.
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💡 ПРОЧИЕ ПОЛЕЗНЫЕ ФУНКЦИИ
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✅ В стратегии можно включить/отключить использование тейков и стоп-линии.
✅ В стратегии можно включить/отключить отображение линии базового и локального тренда, а включить фоновую подкраску текущего тренда.
✅ Можно выбрать направление торговли: лонг, шорт или любое.
✅ Можно установить кредитное торговое плечо (по умолчанию x3).
✅ На экране есть компактное отображение таблицы с текущими настройками стратегии и текущим состоянием (позиция, тейки, стоп).
Для удобства сохранения своих настроек - воспользуйтесь стандартной функцией PrintScreen.
✅ Вы можете подписать стратегию в поле Notes - это удобно, если Вы размещаете на графике несколько версий стратегии MY_TREND с разными настройками (для разных пар или для разных ТФ).
✅ Вы можете выбрать тип оповещений - ALERT или BOT.
ALERT - всплывающие торговые оповещения tradingview (можно настроить их отправку на e-mail или в приложение).
BOT - торговые команды с соблюдением синтаксиса Binance/Finandy, предназначенные для отправки их торговому боту с помощью webhook.
Для использования оповещений выбирайте "Только при вызове функции alert()"
✅ 👉 В настройках стратегии у каждого поля есть подсказки, для этого наведите курсор на знак ⓘ
💰 Обязательно соблюдайте риск-менеджмент при торговле!
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Стратегия MY_TREND является закрытой! Вы можете получить к ней тестовый доступ на 24 часа.
👉 Для того, чтобы получить доступ или задать вопросы пишите мне в личные сообщения или по контактам, указанным в моей подписи.
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Magic BOXThe Magic BOX strategy is designed to work with cryptocurrency and Forex.
Working timeframe from 1 minute to 1 hour.
The strategy is based on the formation of a trade zone. Probably everyone has already noticed that every day there is a period of time that sets a certain corridor for further price movement in order to get out of it up or down. In the Magic BOX strategy, you yourself set the period that gives the best result using only 2 parameters - "Start hour" and "Final hour".
Every day, the algorithm generates a zone at a selected time and then opens deals to break through the upper or lower level of the resulting trading zone.
In addition, the settings have the ability to show additional entries - these are the moments of price rollback to the middle of the zone, as well as repeated breakouts of levels after the completion of the previous transaction.
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💹 SETUP SETUP:
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To configure, you should change the values "Start hour" and "Final hour" - the hour of the beginning and the hour of the end of the formation of the trading zone.
By default, the parameters are 20 hours and 7 hours (the time corresponds to the time zone of the exchange!).
To enable additional re-breakout signals, use - "Additional deals (repeat in the zone)"
To enable additional signals for position averaging use - "Additional deals (averaging position)"
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🟢 TAKE SETUP:
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The strategy has 3 types of take: BOX, FIX and DAY_CLOSE
BOX - take as a percentage of the width of the formed zone.
FIX - take as a percentage of the asset price.
DAY_CLOSE - select the hour at the beginning of which we close the position forcibly.
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⛔️ STOP SETUP:
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The strategy has 3 types of stop line: BOX, FIX and DAY_CLOSE
BOX - stop as a percentage of the width of the formed zone.
FIX - stop as a percentage of the asset price.
DAY_CLOSE - select the hour at the beginning of which we close the position forcibly.
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💡 OTHER USEFUL FEATURES
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✅ The screen has a compact display of a table with strategy settings and current level values.
For the convenience of saving your settings, use the standard PrintScreen function.
✅ 👉 In the strategy settings, each field has hints, to do this, hover over the ⓘ sign
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Magic BOX strategy is closed! You can get test access to it for 48 hours.
👉 In order to gain access or ask questions, write to me in private messages or at the contacts indicated in my signature.
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Magic BOX strategy is closed! You can get test access to it for 48 hours.
👉 In order to gain access or ask questions, write to me in private messages or at the contacts indicated in my signature.
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Стратегия Magic BOX предназначена для работы с криптовалютой и Форексом.
Рабочий таймфрейм от 1 минуты до 1 часа.
В основе стратегии лежит формирование зоны проторговки. Наверное уже каждый заметил, что каждый день есть период времени, который задаёт некий коридор для дальнейшего движения цены с целью выйти из него вверх или вниз. В стратегии Magic BOX Вы сами задаёте тот период, который даёт наилучший результат с помощью всего 2-х параметров - "Start hour" и "Final hour".
Каждый день алгоритм формирует зону в выбранное время и далее открывает сделки на пробой верхнего или нижнего уровня полученной зоны проторговки.
Кроме этого в настройках есть возможность показать дополнительные входы - это моменты отката цены к середине зоны, а также повторные пробития уровней, после завершения предыдущей сделки.
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💹 НАСТРОЙКА СЕТАПА:
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Для настройки следует изменять значения "Start hour" и "Final hour" - час начала и час окончания формирования зоны проторговки.
По умолчанию стоят параметры 20 часов и 7 часов (время соответствует времени часовой зоны биржи!).
Для включения дополнительных сигналов повторных пробоев используйте - "Additional deals (repeat in the zone)"
Для включения дополнительных сигналов на усреднение позиции используйте - "Additional deals (averaging position)"
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🟢 НАСТРОЙКА ТЕЙКОВ:
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Стратегия имеет 3 типа тейка: BOX, FIX и DAY_CLOSE
BOX - тейк в процентах от ширины сформированной зоны.
FIX - тейк в процентах от цены актива.
DAY_CLOSE - выбираем час, в начале которого принудительно закрываем позицию.
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⛔️ НАСТРОЙКА СТОПА:
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Стратегия имеет 3 типа стоп-линии: BOX, FIX и DAY_CLOSE
BOX - стоп в процентах от ширины сформированной зоны.
FIX - стоп в процентах от цены актива.
DAY_CLOSE - выбираем час, в начале которого принудительно закрываем позицию.
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💡 ПРОЧИЕ ПОЛЕЗНЫЕ ФУНКЦИИ
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✅ На экране есть компактное отображение таблицы с настройками стратегии и текущими значениями уровней.
Для удобства сохранения своих настроек - воспользуйтесь стандартной функцией PrintScreen.
✅ 👉 В настройках стратегии у каждого поля есть подсказки, для этого наведите курсор на знак ⓘ
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Стратегия Magic BOX является закрытой! Вы можете получить к ней тестовый доступ на 48 часов.
👉 Для того, чтобы получить доступ или задать вопросы пишите мне в личные сообщения или по контактам, указанным в моей подписи.
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Strategy: Combo Z ScoreStrategy version of Combo Z Score
Objective:
Can we use both VIX and MOVE relationships to indicate movement in the SPY? VIX (forward contract on SPY options) correlations are quite common as forward indicators however MOVE (forward contract on bonds) also provides a slightly different level of insight
Using the Z-Score of VIX vs VVIX and MOVE vs inverted VIX (there is no M of Move so we use inverted Vix as a proxy) we get some helpful indications of potential future moves. Added %B to give us some exposure to momentum. Toggle VIX or MOVE.
If anyone has a better idea of inverted Vix to proxy forward interest in MOVE let me know.
Noticeable delta is that Vix only approach over the back test period is slightly better. Questions would be, what is the structure and nature of the market over the test period and in a bear market would MOVE or combined perform better.
RELATIVE VALUE TRADE MANAGEMENT WEBHOOKThis script it's created to send open-close signals via webhook. It allows you to open a relative value position based in the relative graph. You can set the TP and SL levels and the script will send the signal to your exchange.
Due a pine limitations it is necessary apply the script in the 2 different actives and set the alerts. You can just do the relative analysis and then go to the first asset and set the script. Create your alert and then just go to the other asset and create the alert. It doesn't necessary to change anything in the script because the levels are the same.
It is also possible to do the analysis using the script, deploying the relative graph, but could be annoying sometimes due scales.
Positions will be placed at close always.
THIS IS IMPORTANT: I use Zignaly as a exhange so if you are using Binance or other YOU MUST CHANGE the code. If you know the JSON format that It requires would be easy.
Here is tips in all the important imputs. But let me explain the most important.
The MANDATORY fields are:
Ticker IDs: Here you must write the EXACT ID code for the active. Caps included.
Example : BINANCE:SUSHIUSDTPERP
It is also important select the correct market side. If you want to be long of ANY active you must write that ID in the LONG ID. For short positions is the same.
Time frame: Here you can select the time frame of the graph (not the current active graph, I mean the relative one.) The orders will be send using that time frame. I recommend to do the analysis in other window and then use the script to trigger the order in the time frame that you want.
Money management: In these fields you can select the qty that you will lose if the SL level is reach. Based in a determinated amount of currency or in a % of your capital.
Dates: It is important to select the start date. If the order is already open, we must look for the moment where the activation price was reached. If the order is unopened it is better to select the current date, so the order will be triggered when the entry level is reached.
Ids: If you have current open position you can set here that ID to send the correct order to the exchange.
To set the alert just call the function {{{strategy.order.alert_message}}}
[Pt] Premarket Breakout StrategyThis is a 1 trade per day strategy for trading SPY or QQQ index. By default, this is designed for 1 min time frame. This was an experimental script that seems to be profitable at the time of publication.
How it works:
Pre-market high and low is defined per trading day between 9:00 to 9:30 EST.
Then we looking for the first breakout on either PM high or PM low.
- Breakout high = long trade
- Breakout low = short trade
If long trade, we wait until Stochastic RSI D signal line to hit a lower threshold (18 by default). Then we enter long when K crosses above D line.
If short trade, we wait until Stochastic RSI D signal line to hit an upper threshold (82 by default). Then we enter short when K crosses below D line.
Stop loss for long
- set to PM low if entry is above PM high + %ATR buffer
- or set to PM range + %ATR buffer
Stop loss for short
- set to PM high if entry is below PM low + %ATR buffer
- or set to PM range + %ATR buffer
Profit target is set to 2x the risk by default.
*Note: Different Stochastic RSI lengths should be used if trading 5 min time frame. See tooltip.
Happy trading~~!
Breakout Finder Strategy by The Accumulation ZoneThe Breakout Strategy:
Indicators used:
Least Squared Moving Average by Tradingview
Smoothed Moving Average by Tradingview
MACD Support Resistance by venkatachari_n
About this Strategy:
This strategy is based on spotting a particular activity pattern involving the above listed indicators:
A fast moving average that will track closely with price while still smoothing out some price chop
A slower least squared moving average to help gauge short-term momentum
MACD Support and Resistance to help identify longer-term trends and potentially serve to also guide directional bias
If all entry conditions are met, the strategy enters a position. As well as sending an alert message for the Entry, TP/SL Signals
Long Condition:
Price close above MACD S/R Line
SMMA crossed MACD S/R Line to the upside
LSMA crossed MACD S/R Line to the upside
Short Condition:
Price close below MACD S/R Line
SMMA crossed MACD S/R Line to the downside
LSMA crossed MACD S/R Line to the downside
Strategy Settings
SL based on ATR Bands (0.9 ATR Multiplier recommended*)
TP based on RR (1.5 RR recommended*)
Optional EMA Filter (If set to 0 -> disabled)
Session Filter
Custom Strategy Backtesting Dashboard (Risk = 5%*)
*Recommended for a Daily BTC/USDT Chart
Compound strategyIn this strategy, I looked at how to manage the crypto I bought. Once we have a little understanding of how cryptocurrency is valued, we can manage the coins we have. For example, the most valuable coin in a coin is to sell when it is overvalued and re-buy when it is undervalued. Furthermore, I realised that buying from the right place and selling at the right time is very important to make a good profit. When it says sell, it's divided into several parts.
1. When the major uptrend is over and we are able to make the desired profit, we will sell our holdings outright.
2. Selling in the middle of a down trend and buying less than that amount again
3. When a small uptrend is over, sell the ones you bought at a lower price and make a small profit.
The other important thing is that the average cost is gradually reduced. Also, those who sell at a loss will reduce their profit (winning rate), so knowing that we will have a chance to calculate our loss and recover it. I used this to write a strategy in Trading View. I have put the link below it. From that we can see how this idea works. What I did was I made the signal by taking some technical indicators as I did in the previous one (all the indicators I got in this case were directional indicators, then I was able to get a good correlation and a standard deviation. I multiplied the correlation and the standard deviation by both and I took the signal as the time when the graph went through zero, and I connected it to the volume so that I could see some of the volume supported by it.)
Now let me tell you a little bit about what I see in this strategy. In this I used the compound effect. That is, the strategy, the profit he takes to reinvest. On the other hand, the strategy itself can put a separate stop loss value on each trade and avoid any major loss from that trade. I also added to this strategy the ability to do swing trading. That means we can take the small profits that come with going on a big up trend or a big down trend. Combined with Compound Effect, Stop Loss and Swing Trading, I was able to make a profit of 894% per annum (1,117.62% for 15 months) with a winning rate of 80%. Winning rate dropped to 80% because I added stop loss and swing trading. The other thing is that I applied DCA to this in both the up trend and the down trend (both). That was another reason for me to make a good profit. The orange line shows how to reduction of costly trade. The yellow line shows the profit and you can see that the profit line does not go down during the loss trades. That's because I want to absorb the loss from that trade.
[2021] SISIv SCALPER V1/0script of a scalping crypto strategy
aim to capture very short reversal on low timeframe
iCryptoScalperHi everyone!
In this post I would like to present my personal indicator for short-term strategies on cryptocurrencies called iCryptoScalper , but let me first introduce myself:
I am a theoretical physicist with a deep passion for trading and mathematical modelling of the financial markets.
I started trading cryptocurrencies more than 4 years ago and, throughout this period, I got more and more involved in trying to describe the mechanisms governing
the price action at lower timeframes like 1, 5 and 15 minutes.
As a beginner, I started with the usual "buy and hold" strategy, the safest but also boring option. Afterthat, I tried to get more involved on speed trading
and scalping and, as it happens to all the beginners, I went through many mistakes.
At the beginning, trying to find the best scalping strategy, was a very difficult task and I barely managed to perform well, mostly because every trade were overwhelmed
by my emotional approach and the fear of missing the right entry point and/or exit point. However, thanks to these difficulties, I understood that I needed
an algorithmic procedure to improve my performances and overtake the emotional approach, with a more technical approach: a mathematical guide that precisely tells me how to behave in the best way possible to be profitable.
To achieve this goal, I put all my efforts in trying to write a consistent mathematical model able to give me all the statistical informations I needed to reach
the best performances and, of course, the best possible profits.
The iCryptoScalper is an explicit mathematical tool to be used for scalping strategies and optimized for different cryptocurrency pairs on 15/30 min timeframes.
The script gives you many useful informations and details regarding the current and subsequent trade, accompanied with a detailed overview on both the last 20 short
and long trade results.
Let us have a look to all the detailed informations the script shows to you:
CHART
- Lines: The script plots for you the Entry price (yellow line), the Stop Loss price (red line) and a series of 8 Take Profit levels (green lines).
- Background: The green background color indicates that the script is in a long position, viceversa, the red background color indicates that the script is in a short position.
- Labels: The blue labels indicate the maximum achieved profit for each trade.
- Alerts: The script shows two types of alerts, the "prepare to #" one and the true entry one. The prepare alert is very useful to understand when the strategy is going
to enter a specific trade, thus giving you the possibility to set up all the necessary Entry/SL/TP levels on your favorite trading platform.
- Crosses: The green and red crosses are precisely located at the corresponding long and short entry price for the next trade, thus giving you a preview on the target price
that has to be reached for the indicator to enter. They are computed thanks to a mathematical model I set up and optimized for each cryptocurrency pair.
PANEL
- Overview: This part shows you two probability tables for the last 20 long and short trades each. The first table indicates the set of probabilities of reaching the corresponding TP level, whereas the second table shows the conditional probability , namely the probability of reaching a certain profit level once the previous one has been achieved.
Below the tables you can find three quantities again referring to the last 20 long and short trades: the Average Maximum Profit , the Average Maximum Drawdown and the Average Risk/Reward Ratio .
Last but not least, the correlation between the current asset and BTC is displayed together with the current BTC status.
- Active Trade: This part collects all the data related to the current trade status.
- Next Trade: This part collects all the data related to the next trade status.
ATTENTION!
Please notice that the equity line you see in the "Strategy Tester" section of TradingView is unreliable compared to the real performances of the script. This is due to the
fact that the TradingView engine is designed for backtesting automatic trading strategies and not real-time trading bots.
An example is the following: Bob buys 1 BTC-PERP contract at 10000$, setting the Stop Loss at 9000$. The price of the perpetual then goes to 12000$ and then go back hitting the Stop Loss. For the TradingView Engine this is a
trade with a permanent loss of 1000$. However, for the iCryptoScalper users, the trade is perfectly fine thanks to the numerous TP levels (and corresponding probabilities) given by the script within the trade window.
Compound Indicator Strategy - BTC/USDT 3hThis is an Strategy finds and utilise end points of short term market trends and this is a combination of many indicators such as
1. Volume change oscillator
2. Money flow index ( MFI )
3. Momentum Oscillator (MOM)
4. Stochastic Indicator
6. Relative Strength Indicator ( RSI )
7. Relative volatility index (RVI)
8. Balance of power (BOP)
9. Small moving average ( SMA )
10. Exponential moving average ( EMA )
11. Parabolic SAR
12. Super trend indicator
this script forms a compound indicator after analysing movements of those indicators through different time frames and measure its co-relation and variance with the price action. buy doing that, indicator in a position to identify short term market reversals and presented.
after generating a common indicator, it evaluates standard deviation and standard variance with currant market price action and generates a buy and sell signals. you can determine your own trading method based on available options.
Crypto Spot Market Bot | BacktestHello Friends.
This script is only for long positions.
How does the algorithm work ?
The Relative Momentum Index
Relative Strength İndex
Average Directional Movement İndex
Momentum
When rsi and adx produce signals in the same direction, the rmi indicator confirms the signal. After the Confirmed Signal, the buy-side transaction is entered , the closed according to the % of profit taking and stoploss specified on the algorithm in the entered transaction.
In the spot market, it is possible to make money even in a down trend
All shared charts run within a 1-hour time frame.
Note : The shared backtest results have been shared as of 9/9/2021 by calculating 50% balance and 2 pyramiding methods in an account of 1000 dollars. Keep in mind that this algorithm will want to try to average down in possible worst-case scenarios. 2% - %3take profit levels will provide consecutive gains in the spot market.
How should the adjustments be made?
Value variables should be made according to formula a and formula b values and backtest results. You can increase the frequency of transactions by lowering the adx and rsi values.
Overview :
STRATEGY R18-F-BTCHi, I'm @SenatorVonShaft
Just finished the strategy "STRATEGY R18-F-BTC" for trading on #bitcoin and other cryptocurrencies.
As any strategy on TradingView, R18 opens Long/Short positions (with no leverage) on certain price points for assets in the chart. But I intentionally make this strategy for Bitcoin . Strategy is effective with 1h chart and it has %36 winning trade ratio for #bitcoin trade. As strategy uses approximately 1/3 ratio of SL/TP levels, gross profit for 1 year backtest is above %200 (I mean above 3x for only BTC )
Strategy is built on combination of:
- MACD
- RSI
- FIBONACCI levels
- BTCUSDT price itself as indicator (for different crypto assets and BTCUSDTPERP trading. You can select different assets you like for indicator (it's BTCUSDT:Binance by default))
I fine-tuned all levels of indicators above accordingly (it has more than 10 variables that effects strategy itself).
You can find out your own strategy levels by adjusting long/short tp&sl variables as well as initial capital ratio variable.
Reverse option open reverse positions of the strategy
[Herif's] Harmonic Patterns ProjectionBullish and bearish 5-point patterns are based on various Fibonacci retracement levels and signify potential reversal zones (PRZ).
As they become 0%-80% complete, the dashed-line pattern will appear, displaying the PRZ and giving you time to prepare for a reversal.
Different combinations of specific fib retracements and extensions result in different patterns, and each is named for identification.
Bullish patterns signify a potential turn to the upside are colored green.
Bearish patterns signify a potential turn to the downside are colored red.
1- Live harmonic patterns which are still in trade with XABCD and ratio with labels.
2- Entry, Stop and Target levels on chart for all patterns.
in Settings:
Error Percent - This is error tollerance for matching pattern ratios. Cannot expect price ratios to be exactly as per books. Hence, adding few error tolerance will help identify patterns better. In this indicator defatult 1%
When there are multiple patterns on chart, Entry, Stop, and Target labels and lines are created with specific distance from each other to provide clarity to the users.
Trailing and Targets
1-Trailing Start Stage - Defines when to start trailing stop-loss. It is recommended to set this value to either Target 1 or Target 2. Disabling the trailing or setting too far away may lead to being in trade on ranging market for too long. This may also result in drawing errors related to distance from current bar.
2- Custom Target Levels - Target and stop levels are set to optimal values based on individual patterns. If you want to override these levels, use the available input option to override targets and chose your custom Target1, Target2, Target3 and Target4
All Pending Patterns you can enable or disable
Classic Patterns : Gartley , Bat, Butterfly , Crab , Deep Crab , Cypher , Shark , Nenstar
Anti Patterns: Anti Nenstar, Anti Shark , Anti Cypher , Anti Crab , Anti Butterfly , Anti Bat, Anti Gartley , Navarro 200
This is a Strategy version of indicator below
Pump is Coming (TEST)Making forecast with RSI for the PUMP.
It is just testing , do not trade with real acount, just observe...
Top 4 coins for the success
THETA/BTC
LEND/BTC
GXS/BTC
LRC/BTC
But you can analize for the all cryptos
Bio's LRL Straty
Its a strategy, in contrast with the last study I posted.
You have a FAST/SLOW Ma/Emas, and a LRL which is made of 2 different lenghts aswell.
Its backtested on Daily frames, and I advice to not blindy trust the signals, but consider using the buy signals as spot price opportunity for buy and hold.
LRL gives you the dominating trend.
SLOW EMA66 a LIME/RED signal, which you have to interpret in function of the LRL line.
The fast MA33 is useful as a moving Support/Resistance line.
Im still optimizing it, so you might find updates to this script.
I also made a strategy, which Im perfecting so I will give u an even easier tool if I find the holy grail :P
If you have any doubt, please consider asking.
Otherwise you will be helping me by leaving a feedback.
Scripting Tutorial B - TManyMA - Commission/FeesThis script is for a triple moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
Features:
- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually.
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )
- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.
- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish , bearish or neutral direction in the market.
- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter . Twitter should be linked to my profile.
- Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA1 and MA2 and another 5 between MA2 and MA3.
- Ribbons are alpha-color coded based on their relation to their default MAs.
- Ribbons are only visible between MAs if the MAs being compared share the same Type, Resolution, and Source because there is no way to consolidate those three in a simple manner.
- Ribbon values are calculated based on calculated MA Periods between the MAs.
- Converted the existing study into a strategy.
- Strategy only enters long positions with a market order when MA crossovers occur.
- Strategy exits positions when crossunders occur.
- Trades 100% of the equity with one order/position by default.
- Ability to disable trading certain crosses with input checks.
- Ability to exit trades with a take profit or stop loss.
- User input to allow quick changes to the take profit or stop loss percentages.
- Strategy now calculates on every tick
- Strategy also includes fixed commission values based on Coinbase standard order fees
This script is meant as an educational script with well-formatted styling, and references for specific functions.
*** PLEASE NOTE - THIS STRATEGY IS MEANT FOR LEARNING PURPOSES. DEPENDING ON IT'S CONFIGURATION IT MAY OR MAY NOT BE USEFUL FOR ACTUAL TRADING. THE STRATEGY IS NOT FINANCIAL ADVICE ***
