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Quantitative Consecutive Trading Strategy/SystemWorks extremely well with many stocks. Results are very similar to my "R Difference Trading System". This strategy was tested on all components of the Dow since 1987. It averaged 23% a year. Slippage and commission were accounted for. 72% of the trades were profitable. The average maximum drawdown was around 15%. This strategy has also been tested against random. The results indicate that this strategy's results are not due to random chance, but rather it has an edge in the stock market. Does not repaint, and is not a curve fitted strategy.
Pine Script® strategy
by tradingstrategies
6
3 Red / 3 Green Strategy with Volatility CheckStrategy Name: 3 Red / 3 Green Strategy with Volatility Check by AlgoTradeKit Overview This long-only strategy is designed for daily bars on NASDAQ (or similar instruments) and combines simple price action with a volatility filter. It “tells it like it is” – enter when the market shows weakness, but only in sufficiently volatile conditions, and exit either on signs of a reversal or after a set number of days. Entry Conditions - Price Action : Enter a long position when there are 3 consecutive red days (each day's close is below its open). - Volatility Filter : The entry is allowed only if the current ATR (Average True Range) calculated over the specified ATR Period (default 12) is greater than its 30-day simple moving average. This ensures the market has enough volatility to justify the trade. Exit Conditions - Reversal Signal : Exit the long position when 3 consecutive green days occur (each day's close is above its open), signaling a potential reversal. - Time Limit : Regardless of market conditions, any open trade is closed if it reaches the Maximum Trade Duration (default 22 days). This helps limit exposure during stagnant or unfavorable market conditions. - You can toggle the three-green-day exit if you want to isolate the time-based exit. Input Parameters - Maximum Trade Duration (days): Default is 22 days. - ATR Period: Default is 12. - Use 3 Green Days Exit: Toggle to enable or disable the three-green-day exit condition. How It Works 1. Entry: The strategy monitors daily price action for 3 consecutive down days. When this occurs and if the market is volatile enough (current ATR > 30-day ATR average), it opens a long position. 2. Exit: The position is closed if the price action reverses with 3 consecutive up days or if the trade has been open for the maximum allowed duration - i.e. use it on daily chart. Risk Management - The built-in maximum trade duration prevents trades from lingering too long in a non-trending or consolidating market. - The volatility filter helps ensure that trades are only taken when there is sufficient price movement, potentially increasing the odds of a meaningful move. Disclaimer This strategy is provided “as is” without any warranties. It is essential to backtest and validate the performance on your specific instrument and market conditions before deploying live capital. Trading involves significant risk, and you should adjust parameters to match your risk tolerance. Test and tweak this strategy to see if it fits your trading style and market conditions. Happy trading!
Pine Script® strategy
by Algotradekit
V Bottom & V Top Pattern [Misu]█ This indicator shows V bottom & V top patterns as well as potential V bottom & V top. These V bottom & V top are chart powerful reversal patterns.  They appear in all markets and time-frames, but due to the nature of the aggressive moves that take place when a market reverses direction, it can be difficult to identify this pattern in real-time. To address this problem, I added potential V pattern as well as the confirmed one. █ Usages: You can use V top & V bottoms for reversal zones. You can use it for scalping strategies, as a main buy & sell signal. Potential V patterns can be used to anticipate the market, in addition to volatility or momentum indicators, for example. █ How it works? This indicator uses pivot points to determine potential V patterns and confirm them. Paramaters are available to filter breakouts of varying strengths.  Patterns also have a "max number bars" to be validated. █ Why a Strategy type indicator? Due to the many different parameters, this indicator is a strategy type.  This way you can overview the best settings depending on your pair & timeframe.  Parameters are available to filter. █ Parameters: Deviation: Parameter used to calculate parameters. Depth: Parameter used to calculate parameters. Confirmation Type: Type of signal used to confirme the pattern. > Mid Pivot: pattern will confirm on mid pivot breakout. > Opposit Pivot: pattern will confirm on opposit pivot breakout. > No confirmation: no confirmation. Lenght Avg Body: Lenght used to calculate the average body size. First Breakout Factor: This factor multiplied by the "body avg" filters out the non-significant breakout of potential V pattern. Confirmation Breakout Factor: This factor multiplied by the "body avg" filters out the non-significant breakout for the confirmation. Max Bars Confirmation: The maximum number of bars needed to validate the pattern.
Pine Script® strategy
by Fontiramisu
21
IBS (Internal Bar Strength) Trading Strategy for SPY and NDQImplementation by AlgoTradeKit Overview The IBS Trading Strategy is a daily bars long-only trading system, based on the concept of Internal Bar Strength (IBS). The strategy aims to identify potential reversals by monitoring how the previous bar’s close positions itself within its high-low range. It is suitable for stock and US indices. The default parameters are optimized for SPY/SPX and NDQ/QQQ Strategy Concept The Internal Bar Strength (IBS) is calculated using the formula: IBS = (Previous Close - Previous Low) / (Previous High - Previous Low) This value always lies between 0 and 1. An IBS value below 0.2 is typically interpreted as an oversold condition, while a value above 0.9 suggests an overbought state. Trading Rules - Long Entry : - Condition 1 : IBS is below the user-defined entry threshold (default is 0.2). - Condition 2 : The current price is above an N-period Exponential Moving Average (EMA) (default period is 252). - Note : You can disable the EMA condition by setting the EMA period to 0. - Long Exit - The position is closed when IBS rises above the user-defined exit threshold (default is 0.9). Customization Options - IBS Entry Threshold : Adjust to set the sensitivity for entering a long trade based on oversold conditions. - IBS Exit Threshold : Customize to define the exit point when the market becomes overbought. - EMA Period : Set the lookback period for the EMA to align with your trend bias; disable this condition by setting the period to 0. Risk Management & Trading Considerations - Designed for daily charts, the strategy captures higher timeframe trends and minimizes noise. - The entry and exit conditions are straightforward, aiming to avoid over-trading while letting clear signals dictate trade management. - Always use proper risk management techniques and test the strategy thoroughly on historical data and in a simulated environment before applying it in live markets. Disclaimer This strategy is for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consider your risk tolerance before making any trades.
Pine Script® strategy
by Algotradekit
3
Hobbiecode - SP500 IBS + HigherThis is a simple strategy that is working well on SPY but also well performing on Mini Futures SP500. The strategy is composed by the followin rules: 1. Today is Monday. 2. The close must be lower than the close on Friday. 3. The IBS must be below 0.5. 4. If 1-3 are true, then enter at the close. 5. Sell 5 trading days later (at the close). If you backtest it on Mini Futures SP500 you will be able to track data from 1993. It is important to select D1 as timeframe. Please share any comment or idea below. Have a good trading, Ramón.
Pine Script® strategy
by hobbiecode
1
Trailing EngulferTrailing Engulfer is a price action strategy that uses trailing orders that makes use of any timeframe although shorter timeframes are typically used with price action trading. due to it being price action related, there are some differences needed when trading with different assets. This strategy is recommended to be used for stocks and futures only although it can be used on others. There are two specific inputs that pertain to futures: trailing trigger and trailing offset. Futures price changes in ticks and tick values are supposed to be used here, whereas the percentage fields are primarily for stocks. Inputs: Futures: Trailing Trigger - used for futures only and the value represents the number of ticks you wish for a trailing order to enter. For example: if set to 4 ticks, the trailing stop will not be created until after 4 ticks of profit has been reached. Futures: Trailing Offset - used for futures only and the value represents the number of ticks you wish the stop to trail the price. For example: if set trigger is set to 4 and offset is set to 3, then the trailing stop order will be created once a profit of 4 ticks has been reached and the trailing stop will be 3 ticks against you. Max Loss (%) - used for stocks only and the value represents the maximum loss you are willing to take in case the trailing stop hasn't yet been made. For example: you wish the trailing stop to be created once it has made 1% profit. If it never reaches that, it will close at this Max Loss value. Trailing Trigger (%) - used for stocks only. It works similar to the futures trigger other than the fact that it uses % rather than ticks. Trailing Offset (%) - used for stocks only. It works similar to the futures trigger offset other than the fact that it uses % rather than ticks. Futures also have a "Max Loss" but it is not user defined. For futures, the max loss is not based on a tick loss but rather entirely on the asset's price action. Futures also makes use of shorting.
Pine Script® strategy
by brettcomardelle93
Noro's BottomSensivity v0.6 strategy + rsi + AlarmThe original indicator is Noro's BottomSensivity v0.6 I simply turned noro's bottom sensibility 6.0 indicator, which I consider a great tool to find market bottom, into a strategy. I also added an additional RSI filter with inputs that can be set by the user for entry and exit from the market. I have tried to insert an alarm so that I can be notified when this particular purchase condition is formed. I also tried to insert an additional filter that would allow me to make further pyramid purchases only after a certain percentage of drawdown from the first entry so as to reduce the average purchase price but I was not able ... if someone could implement this I would appreciate it. Well..this is the first time that I try to program / modify a strategy / indicator, there are certainly some gross errors (as in my English too), please forgive me, I will appreciate the corrections that more experienced users will want to make. I wish you all a good day, pfjons
Pine Script® strategy
by pfjons
Opening Range Breakout & Targets [Strategy] (Fixed + Alerts)This strategy backtests a classic Opening Range Breakout approach using a configurable opening range window (time-based OR or custom session). Once the opening range is completed, the strategy waits for price to break above ORH (Opening Range High) or below ORL (Opening Range Low) and enters in the direction of the breakout. Targets are derived directly from the opening range width: OR Width = ORH − ORL Target Step = OR Width × Target % Take-profit is placed at the selected Target # (T1, T2, etc.) An optional Daily Bias filter can be enabled to reduce false breakouts by comparing today’s opening range midpoint (ORM) to the previous session’s ORM. When bias is active, breakouts against the bias can require a stronger confirmation (break beyond the first target step). Risk management is configurable via multiple stop options: Stop at Opposite OR Stop at OR Midpoint Stop at 1× Target Step Or disable stops for custom management Includes support for: Long/Short/Both modes One trade per session option Optional exit on opposite breakout Separate alert conditions (when used with the companion indicator) Note: This is a backtesting tool. Always validate results across symbols/timeframes and account for slippage/commissions before live use.
Pine Script® strategy
by nirmaltrades