OPEN-SOURCE SCRIPT
Strategy Myth-Busting #20 - HalfTrend+HullButterfly - [MYN]

#20 on the Myth-Busting bench, we are automating the "I Found Super Easy 1 Minute Scalping System And Backtest It 100 Times" strategy from "Jessy Trading" who claims 30.58% net profit over 100 trades in a couple of weeks with a 51% win rate and profit factor of 1.56 on EURUSD .
This one surprised us quite a bit. Despite the title of this strategy indicating this is on the 1 min timeframe, the author demonstrates the backtesting manually on the 5 minute timeframe. Given the simplicity of this strategy only incorporating a couple of indicators, it's robustness being able to be profitable in both low and high timeframes and on multiple symbols was quite refreshing.
The 3 settings which we need to pay most attention to here is the Hull Butterfly length, HalfTrend amplitude and the Max Number Of Bars Between Hull and HalfTrend Trigger. Depending on the timeframe and symbol, these settings greatly impact the performance outcomes of the strategy. I've listed a couple of these below.
And as always, If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
This strategy uses a combination of 3 open-source public indicators:
[LIST]
*Hull Butterfly Oscillator by LuxAlgo
*HalfTrend by Everget
[/LIST]
Trading Rules
[LIST]
*5 min candles but higher / lower candles work too.
*Stop loss at swing high/low
*Take Profit 1.5x the risk
[/LIST]
Long
[LIST]
*Hull Butterfly gives us green column, Wait for HalfTrend to present an up arrow and enter trade.
[/LIST]
Short
[LIST]
* Hull Butterfly gives us a red column , Wait for HalfTrend to present a down arrow and enter trade.
[/LIST]
Alternative Trading Settings for different time frames
1 Minute Timeframe
[LIST]
*Move the Hull Butterfly length from the default 11 to 9
*Move the HalfTrend Amplitude from the default 2 to 1
*Enabling ADX Filter with a 25 threshold
[/LIST]
2 Hour Timeframe
[LIST]
*Move the HalfTrend Amplitude from the default 2 to 1
*Laddered Take Profits from 14.5% to 19% with an 8% SL
[/LIST]
This one surprised us quite a bit. Despite the title of this strategy indicating this is on the 1 min timeframe, the author demonstrates the backtesting manually on the 5 minute timeframe. Given the simplicity of this strategy only incorporating a couple of indicators, it's robustness being able to be profitable in both low and high timeframes and on multiple symbols was quite refreshing.
The 3 settings which we need to pay most attention to here is the Hull Butterfly length, HalfTrend amplitude and the Max Number Of Bars Between Hull and HalfTrend Trigger. Depending on the timeframe and symbol, these settings greatly impact the performance outcomes of the strategy. I've listed a couple of these below.
And as always, If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
This strategy uses a combination of 3 open-source public indicators:
[LIST]
*Hull Butterfly Oscillator by LuxAlgo
*HalfTrend by Everget
[/LIST]
Trading Rules
[LIST]
*5 min candles but higher / lower candles work too.
*Stop loss at swing high/low
*Take Profit 1.5x the risk
[/LIST]
Long
[LIST]
*Hull Butterfly gives us green column, Wait for HalfTrend to present an up arrow and enter trade.
[/LIST]
Short
[LIST]
* Hull Butterfly gives us a red column , Wait for HalfTrend to present a down arrow and enter trade.
[/LIST]
Alternative Trading Settings for different time frames
1 Minute Timeframe
[LIST]
*Move the Hull Butterfly length from the default 11 to 9
*Move the HalfTrend Amplitude from the default 2 to 1
*Enabling ADX Filter with a 25 threshold
[/LIST]
2 Hour Timeframe
[LIST]
*Move the HalfTrend Amplitude from the default 2 to 1
*Laddered Take Profits from 14.5% to 19% with an 8% SL
[/LIST]
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
If you're interested in exploring and discovering other high quality free strategies come join us in Discord: discord.gg/2wkm9QqSuY
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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。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
If you're interested in exploring and discovering other high quality free strategies come join us in Discord: discord.gg/2wkm9QqSuY
➖➖🟦➖➖➖🟦
➖🟦🟦🟦🟦🟦🟦🟦
➖🟦🟦🟦🟦🟦🟦🟦
🟦🟦⬜️⬜️🟦⬜️⬜️🟦🟦
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🟦🟦🟦🟦🟦🟦🟦🟦🟦
➖🟦🟦➖➖➖🟦🟦
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。