INVITE-ONLY SCRIPT
TUE Argentum Algo V1
This algorithm is designed to look trend for opening conditions, apply various filters including volume and volatility, then determine stop outs, break evens, and take profits.
The algorithm uses proprietary math based on the concepts of volatility, standard deviations, average true ranges, and volume to help determine trend. You can filter based on cumulative volume delta, volatility, and moving average based trend. It includes settings for either trend following or contrarian trades, and the ability to go long, short, or both.
The take profit areas are based on proprietary math that help find peaks and valleys. You can adjust the size of the take profits as a percentage of the position, change to static take profits (i.e. take profit in 16 ticks), or use both. You can also disable them and use the natural closing conditions of the trades (detection of trend change in the opposite direction).
Our algo works in any market and will allow user to adjust input settings to be used on any ticker they'd like. It is built as a strategy so you can back test on any ticker to find the exact right settings to dial it in and then switch to live trading mode to see signals. Can be used for day trades or swing trades.
Automated Trading
This algo has been tested and certified to work for automated trading.
Works on Forex
It's confirmed to work on forex so you can trade that market.
Gets you into long successful trades, and gets out of poor ones quickly
It keeps you in the long trades taking small profits along the way, but cuts losers quickly in comparison. This style leads to a high profit factor.
It looks at many variables so you don't have to
- Uses trend analysis for opening/closing conditions.
- It measures the strength of trends to help determine if it should enter or not.
- It uses volume, if the user wants, to help filter entries. The volume calculation is based off of my proprietary cumulative volume delta indicator and helps find if the volume is moving long or short.
- It uses proprietary take profit math to help find peaks and valleys to peel off profits. It is based on the changes in momentum of the underlying.
- It allows for stop outs and break evens based on volatility so they'll always adjust with the movement of the underlying ticker (see the blue lines above and below the opening in the chart).
- It allows for offset break evens to keep a portion of the profit.
Strategy for the Algo
Included so you can understand how to trade with it.
ONE: After loading this strategy onto a ticker turn off volume if it's a ticker with no volume , set the dates at the bottom to when the stock is active (you want to start backtesting when a stock started trading like it trades currently).
TWO: From there adjust the short term trend settings to find the highest win rate and profit factor.
THREE: Then adjust the volume length to find the highest win rate and profit factor. It's important while doing these that you pay attention to a smooth upward equity curve.
FOUR: After this has been done now adjust the long and short risk multipliers. This determines your stop out.
FIVE: Then adjust breakeven multipliers - this is the level at which it changes to a breakeven stop out instead of the previous one. You can also set an offset to keep a small part of the profit.
SIX: Finally adjust the take profit sizes.
SEVEN: Once this is all done go back through the list and adjust up and down by one or two clicks and see if a better curve can be obtained. Very frequently long and short trades have different settings.
EIGHT: When you are finished save the settings in a custom indicator template and put it with it's own chart.
Additional
The settings shown on screen are not the default settings, but are settings chosen for this ticker and timeframe based on the process above. Nearly every ticker and timeframe will require adjustment from default, that's why the algorithm is built to be highly flexible. It can fit any ticker and timeframe, as well as market environment.
This particular setup has the algo running a scalping program on ES 3 min with a 16 tick static target. This algorithm can be set up as a scalper, or used to day trade more regularly. It can also swing trade.
As shown here the algo includes $1.25 of commissions and 1 tick of slippage on all orders (about our average for automated trading on ES).
The algorithm uses proprietary math based on the concepts of volatility, standard deviations, average true ranges, and volume to help determine trend. You can filter based on cumulative volume delta, volatility, and moving average based trend. It includes settings for either trend following or contrarian trades, and the ability to go long, short, or both.
The take profit areas are based on proprietary math that help find peaks and valleys. You can adjust the size of the take profits as a percentage of the position, change to static take profits (i.e. take profit in 16 ticks), or use both. You can also disable them and use the natural closing conditions of the trades (detection of trend change in the opposite direction).
Our algo works in any market and will allow user to adjust input settings to be used on any ticker they'd like. It is built as a strategy so you can back test on any ticker to find the exact right settings to dial it in and then switch to live trading mode to see signals. Can be used for day trades or swing trades.
Automated Trading
This algo has been tested and certified to work for automated trading.
Works on Forex
It's confirmed to work on forex so you can trade that market.
Gets you into long successful trades, and gets out of poor ones quickly
It keeps you in the long trades taking small profits along the way, but cuts losers quickly in comparison. This style leads to a high profit factor.
It looks at many variables so you don't have to
- Uses trend analysis for opening/closing conditions.
- It measures the strength of trends to help determine if it should enter or not.
- It uses volume, if the user wants, to help filter entries. The volume calculation is based off of my proprietary cumulative volume delta indicator and helps find if the volume is moving long or short.
- It uses proprietary take profit math to help find peaks and valleys to peel off profits. It is based on the changes in momentum of the underlying.
- It allows for stop outs and break evens based on volatility so they'll always adjust with the movement of the underlying ticker (see the blue lines above and below the opening in the chart).
- It allows for offset break evens to keep a portion of the profit.
Strategy for the Algo
Included so you can understand how to trade with it.
ONE: After loading this strategy onto a ticker turn off volume if it's a ticker with no volume , set the dates at the bottom to when the stock is active (you want to start backtesting when a stock started trading like it trades currently).
TWO: From there adjust the short term trend settings to find the highest win rate and profit factor.
THREE: Then adjust the volume length to find the highest win rate and profit factor. It's important while doing these that you pay attention to a smooth upward equity curve.
FOUR: After this has been done now adjust the long and short risk multipliers. This determines your stop out.
FIVE: Then adjust breakeven multipliers - this is the level at which it changes to a breakeven stop out instead of the previous one. You can also set an offset to keep a small part of the profit.
SIX: Finally adjust the take profit sizes.
SEVEN: Once this is all done go back through the list and adjust up and down by one or two clicks and see if a better curve can be obtained. Very frequently long and short trades have different settings.
EIGHT: When you are finished save the settings in a custom indicator template and put it with it's own chart.
Additional
The settings shown on screen are not the default settings, but are settings chosen for this ticker and timeframe based on the process above. Nearly every ticker and timeframe will require adjustment from default, that's why the algorithm is built to be highly flexible. It can fit any ticker and timeframe, as well as market environment.
This particular setup has the algo running a scalping program on ES 3 min with a 16 tick static target. This algorithm can be set up as a scalper, or used to day trade more regularly. It can also swing trade.
As shown here the algo includes $1.25 of commissions and 1 tick of slippage on all orders (about our average for automated trading on ES).
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫TradersUltimateEdge。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Access to this script, and other indicators, can be had with a membership to Trader's Ultimate Edge at https://www.tradersultimateedge.com
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
Indicators and algorithms at quantvue.io
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫TradersUltimateEdge。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Access to this script, and other indicators, can be had with a membership to Trader's Ultimate Edge at https://www.tradersultimateedge.com
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
Indicators and algorithms at quantvue.io
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。