Category: Trend Follower.
Operating mode: spot market on long positions only.
Trades duration: works on mid-term to allow proper trend development. Average trade duration is one/two weeks.
Timeframe: 30M chart to find the best entry price.
Suggested usage: in uptrend.
Entry: Only enter Long at the confirmation of an uptrend. The signal is composed of a combination of indicators such as:
- Exponential Moving Averages ( )
- ( )
- MegaTrend custom indicator
Exit: Exits when the trend turns and makes a profit. The aim of the strategy is to be more profitable than Buy and Hold. It uses a dynamic Stop-Loss which adjusts itself as the trend rises.
- Stop-loss: it has always a stop-loss in place as a limit order. Initial stop-loss is calculated considering the . It then updates it using different combinations of techniques including the "Donchian channel".
- Take-Profit: Positions are always closed through the trailing stop mechanism to let profits run as much as possible when the trend reverse, as per the teachings of
⁃ Each update can be identified by a recognisable orange label, which indicates the price at which the stop loss has been set.
⁃ When Stop-Loss reaches break-even the area turn read
⁃ To better appreciate the usefulness of the script, it is suggested to enable from the chart settings, under the price scale, the voice "label last indicator value".
⁃ It is strongly recommended to use the strategies in conjunction with auto-trading mechanisms, or enable notifications to stay updated on open and closed positions.
- Stop Loss - Multiplier: It is possible to modify the multiplier in order to adapt (https://www.tradingview.com/symbols/OMXS...)it to your trading style. The default multiplier has been used by the team.
- Stop Loss - Commission: It is possible to modify your commission fee on "Strategy Input's" in order to optimise the update of the Stop-Loss. The default one is the discounted Binance BNB fee.
- Backtesting - Date Range: It is possible to select a date range for backtesting
⁃ Exchange: BINANCE
⁃ Pair: ETHUSDT
⁃ Timeframe: 30M.
⁃ Fee 0.075%
⁃ Slippage 2
⁃ Fill limit assumption 5
To request access to this script, please write us here on TradingView or write us on email@example.com. A trial period of 7 days is granted before proceeding with any purchase.