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Malphas
Malphas is an indicator derived from a Naberius trading algorithm. It detects the current local ranges in the market and prints a suggested entry accordingly at assumed channel tops & bottoms. As such, it excels at trading smaller more volatile timeframes but can, depending on the asset, be effective up to the daily time scales.
This algorithm was developed to trade primarily leveraged XBT; however, after exploring larger alt coins and the more traditional markets outside of cryptocurrency we found that Malphas does better than the average trader regardless of the pair or ticker being traded at the time. Any core changes to the live trading algorithm will be added to this indicator as they are deployed.
Suggested Methods of Operation:
1. Buy and Sell signals represent a possible trading opportunity. Based on our testing, manual traders should use the 15m - 30m for scalping and 60m - 240m or 1D for larger swings.
2. Upon signal print, place your limit orders spread throughout the current candles total body range. DO NOT MARKET IN. DO NOT CHASE. If the limit orders don't fill within the following candle regardless of timeframe being traded remove them and re-evaluate.
3. Malphas excels at trading "chop" aka tight ranging price action on small timeframes and consolidation phases.
4. Use standard candles. Heikin Ashi candles are ok but can be deceiving in times of localized price volatility
5. Trade the highs and lows. Establish the dominate range or channel and trade accordingly.
This algorithm was developed to trade primarily leveraged XBT; however, after exploring larger alt coins and the more traditional markets outside of cryptocurrency we found that Malphas does better than the average trader regardless of the pair or ticker being traded at the time. Any core changes to the live trading algorithm will be added to this indicator as they are deployed.
Suggested Methods of Operation:
1. Buy and Sell signals represent a possible trading opportunity. Based on our testing, manual traders should use the 15m - 30m for scalping and 60m - 240m or 1D for larger swings.
2. Upon signal print, place your limit orders spread throughout the current candles total body range. DO NOT MARKET IN. DO NOT CHASE. If the limit orders don't fill within the following candle regardless of timeframe being traded remove them and re-evaluate.
3. Malphas excels at trading "chop" aka tight ranging price action on small timeframes and consolidation phases.
4. Use standard candles. Heikin Ashi candles are ok but can be deceiving in times of localized price volatility
5. Trade the highs and lows. Establish the dominate range or channel and trade accordingly.
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TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。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
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僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡RickWriggler。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。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
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。