SSL + Wave Trend Strategy

Strategy incorporates the following features:

Risk management:

• Configurable X% loss per stop loss
  
• Configurable R:R ratio
  

Trade entry:

• Based on strategy conditions below
  

Trade exit:

• Based on strategy conditions below
  

Backtesting:

• Configurable backtesting range by date
  

Trade drawings:

• Each entry condition indicator can be turned on and off
  
• TP/SL boxes drawn for all trades. Can be turned on and off
  
• Trade exit information labels. Can be turned on and off
  
• NOTE: Trade drawings will only be applicable when using overlay strategies
  

Alerting:

• Alerts on LONG and SHORT trade entries
  

Debugging:

• Includes section with useful debugging techniques
  

Strategy conditions

Trade entry:
LONG

• C1: SSL Hybrid baseline is BLUE
  
• C2: SSL Channel crosses up (green above red)
  
• C3: Wave Trend crosses up (represented by pink candle body)
  
• C4: Entry candle height is not greater than configured threshold
  
• C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration)
  
• C6: Take Profit target does not touch EMA (represents resistance)
  

SHORT

• C1: SSL Hybrid baseline is RED
  
• C2: SSL Channel crosses down (red above green)
  
• C3: Wave Trend crosses down (represented by orange candle body)
  
• C4: Entry candle height is not greater than configured threshold
  
• C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration)
  
• C6: Take Profit target does not touch EMA (represents support)
  

Trade exit:

• Stop Loss: Size configurable with NNFX ATR multiplier
  
• Take Profit: Calculated from Stop Loss using R:R ratio
  

Credits

Strategy is based on the YouTube video "This Unique Strategy Made 47% Profit in 2.5 Months " by TradeSmart.

It combines the following indicators to determine trade entry/exit conditions:

• Wave Trend: Indicator: WaveTrend Oscillator by @LazyBear
  
• SSL Channel: SSL channel by @ErwinBeckers
  
• SSL Hybrid: SSL Hybrid by @Mihkel00
  
• Keltner Channels: Keltner Channels Bands by @ceyhun
  
• Candle Height: Candle Height in Percentage - Columns by @FreeReveller
  
• NNFX ATR: NNFX ATR by @sueun123