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 [SSL + Wave Trend Strategy Tested 100 Times]" by TradeSmart.
It combines the following indicators to determine trade entry/exit conditions:
Wave Trend: Indicator: WaveTrend Oscillator [WT] by @LazyBear
Thank you for sharing. I see this is a very complete strategy with many indicators, with many open position entry rules. I am sure that if you can determine the correct numerical value for each indicator involved in determining the entry point, TP and SL, this indicator will provide excellent performance. Because each time frame and pair is different, the results are different. I trade on the BTC pair with a 1 minute time frame, can you provide suggestions for the best number values to achieve maximum results?
ks1267
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It's doesn't work for me. I received "The script is error" so it doesn't give a result.
chechelgislc
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HI! Nice work. I really like your code :) Got this when trying to Add to chart: Cannot call 'printTradeExitLabel' with argument 'y'='call 'math.max' (series float)'. An argument of 'series float' type was used but a 'simple float' is expected.
gmeneguzzo
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This strategy seems to work very well. One question please I have seen that the Startegy date setting are not honored , e.g. if I set from 2021 to today, it only calculates from 02 Jun 2022 to today. Do you have any idea why ? Thank you.
kevinmck100
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@gmeneguzzo, What timeframe was this on? TradingView only loads a limited number of candles so on a lower timeframe, the date range available to backtest is smaller. There are two workarounds for this:
1) Use the Replay feature to load data further back in time 2) Use the deep backtesting feature (only available to premium members)
gmeneguzzo
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Hello and thank you for sharing , question please , default settings are of ETHUSDT PERP 15 only or current settings can be used on any crypto/timeframe ?
kevinmck100
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@gmeneguzzo, I usually try to set default settings which perform relatively well over the majority of assets for a given time frame and thats usually based on a bunch of the top crypto assets by market cap.
That said I haven't spent a great deal of time tweaking this one so you may find better results after some experimentation. You also may find you need to adjust for different time frames. But I try to make my strategies have all input variables as configurable to give you the control to experiment and adjust to changing market conditions
I see this is a very complete strategy with many indicators, with many open position entry rules.
I am sure that if you can determine the correct numerical value for each indicator involved in determining the entry point, TP and SL, this indicator will provide excellent performance. Because each time frame and pair is different, the results are different.
I trade on the BTC pair with a 1 minute time frame, can you provide suggestions for the best number values to achieve maximum results?