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AlgoChadLin's BITCOIN H1 Breakout Strategy No.545

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Strategy Overview

AlgoChadLin's BITCOIN H1 Breakout Strategy No.545 is a sophisticated breakout trading system designed for Bitcoin on the H1 timeframe. It integrates multiple volatility and price action indicators to identify high-probability breakout opportunities, aiming to capitalize on significant market movements.

Auther: algochadlin

Strategy Logic

Breakout Confirmation: Utilizes a combination of Average True Range (ATR) and Bollinger Bands to identify periods of low volatility followed by sharp price movements.

Long: Initiated when the price breaks above the previous hour's upper Bollinger Band, with ATR confirming increased volatility.

Short: Triggered when the price breaks below the previous hour's lower Bollinger Band, with ATR indicating heightened volatility.

Parameters

  • Price Entry Multiplier: Adjusts the entry price relative to the breakout level.
  • Exit After Bars: Specifies the number of bars to hold the position before exiting.
  • Profit Target (%): Defines the percentage gain at which to take profit.
  • Stop Loss Coefficient: Multiplier for ATR to calculate stop-loss distance.
  • Trailing Stop Coefficients: Defines the trailing stop parameters.
  • Biggest Range Period: Determines the lookback period for identifying the largest price range.


Setup

  • Timeframe: 1-Hour (H1)
  • Asset: Bitcoin, also suitable for ETH

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