bennef

Momentum BF 🚀

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The momentum strategy is simple, if price action is higher than it was for x bars back, and also higher than it was last candle, we have upwards momentum. This momentum will be positive until a candle closes lower than the previous candle and also lower than x bars back - at which point we have downwards momentum.

The concept behind the Momentum Strategy is that when the momentum crosses from negative to positive, we go long and when it crosses from positive to negative we go short. We stay in that position until momentum crosses back the opposite direction.

INSTRUCTIONS:
  • Go long at the green background on the chart
  • Go short at the red background on the chart
  • The yellow lines are where your stop loss should be for longs
  • The orange lines are where your stop loss should be for shorts

I have included the options in Settings to change the stop loss type between ATR derived and Fixed percentage based. The default stop loss is a fixed 7%.
You can also select if you want only longs, only shorts or both.

The backtest was done with BTCUSD on Coinbase 1D.
從喜愛的腳本中移除 添加到喜愛的腳本
When you say "when the momentum crosses from negative to positive, we go long and when it crosses from positive to negative we go short" how can we know when it crosses? Thanks
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bennef SkulHD
@SkulHD, When the background is green, that is a long signal. When the background is red, that is a short signal.
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SkulHD bennef
@bennef, much thanks
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IT IS IMPORTANT TO NOTE - ENTER THE POSITION AT THE PRICE OF CLOSING THE SIGNAL CANDLE.
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Too easy, nothing to play with The profit / risk ratio is too high, But the strategy is good.
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bennef kirillkiselev82
@kirillkiselev82, Simplicity > complexity :)
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Good work sir :)
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