This Strategy operates on a Daily Time Frame and decisions are made based on monthly Pivot Points. Choosing different time frames and pivot periods influences trading decisions and is not recommended
The script contains the following calculations: -Pivot Points, -Short and long term moving averages (sma, ema, getting), -Bollinger bands, -Trend following
The strategy aims to keep the asset profitable for as long as possible by predicting the turning points of the price. Therefore, it is not suitable for day-trade. Average holding period of assets is 15-20 days. The script makes decisions to buy or sell when the price is above or below the determined averages and pivot points. In this way, it follows the trend and aims for maximum profit. It continuously makes calculations for the distortion conditions of the trend and generates orders to exit the position when the necessary conditions are met to stop the loss.
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Backtest Start Date switched from 2020 to 2017 to show long term trade results.
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Better backtest results with some new Entry - Exit point formulas.
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New trade conditions added.
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New Long Term Moving Averages and buy and sell conditions added. Yearly OHLC and Pivots added.
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Improved trend following formulas. Less transaction and better percent profitable.
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"Bull-Trap Stop" added for better results.
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New Long and Short signals added.
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Signal Labels changed X for position close.
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Strenghtened Short Position conditions. Sustainability corrections.
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*Roll back to version 9
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Better trading results achieved.
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* Trade signals are visible only when Monthly Pivot selected. * Some trade conditions are changed.
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Bug fix on Long4 condition.
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Minor condition changes.
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Script creates Long, short, close long, close short signals only on daily period and monthly pivots.
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Little changes
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Reduced some risks.
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New Long Condition L9 Ema50 line added.
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Fine Tuning...
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* Anti- Repainting corrections made.
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Little Fixes in L9
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Visiblity problem of the Pivot Lines on the lower timeframes solved. Max_bar_back corrections applied.