22:50 Breakout StrategyBreakout range near the close of the day
We age getting 5 min range near the close of the day and buy or sell breaking this range
Candlestick analysis
BTCUSD Daily Nexus Protocol Robot [AlgoChadLin]The BTCUSD Daily Nexus Protocol Robot is a sophisticated, multi-faceted trading system designed for the Bitcoin Daily (D1) timeframe . It operates by integrating a diverse set of technical indicators to form a robust, rule-based trading protocol. This strategy focuses on identifying high-conviction trade setups and managing them with precision.
Strategy Logic
Entry Confirmation: The strategy uses a powerful combination of multiple indicators. Entry signals are confirmed when the closing price moves relative to the VWAP, indicating a shift in momentum.
Targeted Entries: To pinpoint optimal entry points, the system utilizes Keltner Channels and Average True Range (ATR). A long entry is placed as a limit order above the upper Keltner Channel, while a short entry is set below the lower channel.
Dynamic Exits: Risk and reward are managed through a dual-layered exit approach. The strategy uses a dynamic SuperTrend value and ATR to set a trailing stop-loss, protecting capital and locking in profits. Additionally, a time-based exit and an Ichimoku signal provide alternative exit conditions to ensure positions are closed under specific market circumstances.
Parameters
VWAP Period: Defines the lookback period for the VWAP indicator.
Keltner Channel Period: Sets the period for the Keltner Channel, which helps define entry levels.
Entry ATR Multiplier: Adjusts the distance of the limit order from the Keltner Channel.
Stop-Loss ATR Period & Multiplier: Configures the dynamic stop-loss based on the SuperTrend and ATR.
Exit After Bars: Specifies the maximum duration a trade can be open.
Pending
Order Valid Bars: Determines how long a pending order remains active.
Setup
Timeframe: Daily (D1)
Asset: BTCUSD (Not BTCUSDT. If you want to trade BTCUSDT you have to modify the parameters.)
Setup Cripto EMA + Volume//@version=5 indicator("Sinais Multi-Cripto – EMA+Volume (BTC/ETH/BNB/SOL/XRP)", overlay=false)
// Inputs emaFast = input.int(50, "EMA Curta") emaSlow = input.int(200, "EMA Longa") emaPull = input.int(20, "EMA Pullback") volLen = input.int(20, "Média Volume")
symBTC = input.symbol(defval="BINANCE:BTCUSDT", title="BTC") symETH = input.symbol(defval="BINANCE:ETHUSDT", title="ETH") symBNB = input.symbol(defval="BINANCE:BNBUSDT", title="BNB") symSOL = input.symbol(defval="BINANCE:SOLUSDT", title="SOL") symXRP = input.symbol(defval="BINANCE:XRPUSDT", title="XRP")
f_sig(sym) => c = request.security(sym, timeframe.period, close) v = request.security(sym, timeframe.period, volume) e50 = ta.ema(c, emaFast) e200 = ta.ema(c, emaSlow) e20 = ta.ema(c, emaPull) vma = ta.sma(v, volLen) long = (e50 > e200) and (c > e20) and (v > vma) short = (e50 < e200) and (c < e20) and (v > vma)
= f_sig(symBTC) = f_sig(symETH) = f_sig(symBNB) = f_sig(symSOL) = f_sig(symXRP)
// Exibição plotchar(btcL, title="BTC Long", char="▲", location=location.top) plotchar(btcS, title="BTC Short", char="▼", location=location.bottom) plotchar(ethL, title="ETH Long", char="▲", location=location.top) plotchar(ethS, title="ETH Short", char="▼", location=location.bottom) plotchar(bnbL, title="BNB Long", char="▲", location=location.top) plotchar(bnbS, title="BNB Short", char="▼", location=location.bottom) plotchar(solL, title="SOL Long", char="▲", location=location.top) plotchar(solS, title="SOL Short", char="▼", location=location.bottom) plotchar(xrpL, title="XRP Long", char="▲", location=location.top) plotchar(xrpS, title="XRP Short", char="▼", location=location.bottom)
Crypto H4 Multi-TF Reversal & Momentum Robot [AlgoChadLin]The Crypto H4 Multi-TF Reversal & Momentum Robot is a sophisticated, multi-faceted trading system designed for the H4 timeframe. This robot uniquely combines multi-timeframe analysis with candlestick patterns and volatility indicators to identify and capitalize on major market reversals and momentum shifts. Its core strength lies in its ability to pinpoint significant turning points while ensuring trades are only entered in the direction of confirmed movement.
Strategy Logic
Multi-Timeframe Entry Logic : The strategy's primary entry signals are generated by identifying when the current price hits the previous month's high or low. This provides a robust, higher-timeframe confirmation of major support and resistance levels, filtering out noise from the H4 chart.
Momentum-Based Entry : To avoid false reversals, the robot executes trades with a stop-order entry mechanism. The long entry is placed above the Bollinger Bands upper band, while the short entry is placed below the lower band. This ensures trades are only triggered when price action confirms the reversal with a burst of momentum.
Dynamic Risk Management : Positions are managed with both a dynamic stop-loss and a fixed take-profit. A TEMA (Triple Exponential Moving Average) acts as a dynamic stop-loss, trailing the price to protect against sudden reversals.
Pattern-Based Exits : The strategy incorporates classic candlestick patterns like the Bullish Piercing and Dark Cloud Cover for early, signal-based exits. This helps to lock in profits or mitigate losses when a reversal of the current trend is detected. A time-based stop also prevents trades from stagnating for too long.
Parameters
Bollinger Bands Period: Defines the lookback period for the Bollinger Bands, which helps to define the stop-order entry price.
TEMA Period: Sets the period for the Triple Exponential Moving Average, which acts as the dynamic stop-loss.
Profit Target: A fixed value in points that determines the take-profit level.
Entry Price Multiplier: Adjusts the distance of the stop-order from the Bollinger Bands.
Exit After Bars: Specifies the maximum duration a trade can be open before being automatically closed.
Setup
Timeframe: 4-Hour (H4)
Asset: While optimized for Bitcoin, this strategy's logic is applicable to other volatile cryptocurrencies like ETH and BNB . We encourage you to backtest it on these assets to find the best settings for your trading.
SingleBarFastMagetAutomatically conduct quick transactions to the magnet based on the conditions of the magnet, i b s and trend bar
基于磁体、IBS和趋势K的条件自动进行急赴磁体的交易
Script_Algo - Fibo Correction Strategy🔹 Core Concept
The strategy is built on combining Fibonacci retracement levels, candlestick pattern confirmation, and trend filtering for trade selection. It performs well on the 1-hour timeframe across many cryptocurrency pairs. Particularly on LINKUSDT over the past year and a half, despite the not very optimal 1:1 risk/reward ratio.
The logic is simple: after a strong impulse move, the price often retraces to key Fibonacci levels (specifically, the 61.8% level). If a confirming candlestick (pattern) appears at this moment, the strategy looks for an entry in the direction of the main trend.
🔹 Indicators Used in the Strategy
ATR (Average True Range) — Used to calculate the stop-loss and take-profit levels.
EMA (9 and 21) — Additional moving averages for assessing the direction of movement (not directly used in entry conditions, but the logic can be expanded to include them).
SMA (Trend Filter, 20 by default) — The trend direction filter. Trades are only opened in its direction.
Fibonacci Levels — The 61.8% retracement level is calculated based on the high and low of the previous candle.
🔹 Entry Conditions
🟢 Long (Buy):
Previous Candle:
Must be green (close higher than open).
Must have a body not smaller than a specified minimum.
The upper wick must not exceed 30% of the body size.
→ This filters out "weak" or "indecisive" candles.
Current Candle:
Price touches or breaches the Fibonacci 61.8% retracement level from the previous range.
Closes above this level.
Closes above the Trend Filter (SMA) line.
A position is opened only if there are no other open trades at the moment.
🔴 Short (Sell):
Previous Candle:
Must be red (close lower than open).
Must have a body not smaller than a specified minimum.
The lower wick must not exceed 30% of the body size.
Current Candle:
Price touches or breaches the Fibonacci 61.8% retracement level from the previous range.
Closes below this level.
Closes below the Trend Filter (SMA) line.
A trade is opened only if there are no other open positions.
🔹 Risk Management
Stop-Loss = ATR × multiplier (default is 5).
Take-Profit = ATR × the same multiplier.
Thus, the default risk/reward ratio is 1:1, but it can be easily adjusted by changing the coefficient. Although, strangely enough, this ratio has shown the best results on some assets on the 1-hour timeframe.
🔹 Chart Visualization
Fibonacci level for Long — Green line with circles.
Fibonacci level for Short — Red line with circles.
Trend Filter line (SMA) — Blue.
🔹 Strengths of the Strategy
✅ Utilizes a proven market pattern — retracement to the 61.8% level.
✅ Further filters entries using trend and candlestick patterns.
✅ Simple, transparent logic that is easy to expand (e.g., adding other Fib levels, an EMA filter, etc.).
🔹 Limitations
⚠️ Performs better in trending markets; can generate false signals during ranging (sideways) conditions.
⚠️ The fixed 1:1 risk/reward ratio is not always optimal and could be refined.
⚠️ Performance depends on the selected timeframe and ATR parameters.
📌 Summary:
The strategy seeks corrective entries in the direction of the trend, confirmed by candlestick patterns. It is versatile and can be applied to forex pairs, cryptocurrencies, and stocks.
⚠️ Not financial advice. Pay close attention to risk management to avoid blowing your account. The strategy is not repainting — I have personally verified it through real testing — but it may not necessarily replicate the same results in the future, as the market is constantly changing. Test it, profit, and good luck to everyone!
Volume Spike Strategy - Black GUIA volume spike strategy that buys when the volume is 150% above the 20-day average and the price is increasing.
The strategy uses a black-themed GUI for better visibility.
You can customize the volume spike multiplier and the length of the volume moving average using the input parameters.
This strategy is effective for identifying potential breakout points in the market. Always backtest the strategy before applying it to live trading.
Visit - for more such strategies.
Parabolic SAR Trend Following - Black GUIA Parabolic SAR-based strategy that buys when the SAR dots are below the price and sells when they are above.
The strategy uses a black-themed GUI for better visibility.
You can customize the input parameters for the SAR calculation.
This strategy is effective for trending markets.
Always backtest the strategy before applying it to live trading.
Visit - for more such strategies.
MACD Signal Line Crossover - Black GUIA MACD-based strategy that buys when the MACD line crosses above the signal line and sells when it crosses below.
The strategy uses a black-themed GUI for better visibility.
You can customize the lengths of the MACD and signal line using the input parameters.
This strategy is effective for identifying trend changes and momentum shifts in the market.
Always backtest the strategy before applying it to live trading.
Visit - for more such strategies.
VWAP Executor — v6 (VWAP fix)tarek helishPractical scalping plan with high-rate (sometimes reaching 70–85% in a quiet market)
Concept: “VWAP bounce with a clear trend.”
Tools: 1–3-minute chart for entry, 5-minute trend filter, VWAP, EMA(50) on 5M, ATR(14) on 1M, volume.
When to trade: London session or early New York session; avoid 10–15 minutes before/after high-impact news.
Entry rules (buy for example):
Trend: Price is above the EMA(50) on 5M and has an upward trend.
Entry zone: First bounce to VWAP (or a ±1 standard deviation channel around it).
Signal: Bullish rejection/engulfing candle on 1M with increasing volume, and RSI(2) has exited oversold territory (optional).
Order: Entry after the confirmation candle closes or a limit close to VWAP.
Trade Management:
Stop: Below the bounce low or 0.6xATR(1M) (strongest).
Target: 0.4–0.7xATR(1M) or the previous micro-high (small return to increase success rate).
Trigger: Move the stop to breakeven after +0.25R; close manually if the 1M candle closes strongly against you.
Filter: Do not trade if the spread widens, or the price "saws" around VWAP without a trend.
Sell against the rules in a downtrend.
Why this plan raises the heat-rate? You buy a "small discount" within an existing trend and near the institutional average price (VWAP), with a small target price.
مواقعي شركة الماسة للخدمات المنزلية
شركة تنظيف بالرياض
نقل عفش بالرياض
AYUSH ALGO TRAGING STRATEGY TEST VERSION 1)Very good strategy , it uses two moving avg crossovers and also rsi and atr for confirmation, this strategy is fully automated
M1 Countertrend Scalping (Best-effort)M1 Countertrend Scalping (Best-effort)
M1 Countertrend Scalping (Best-effort)
Close Above/Below Prev 2 Candle Strategy (Any Timeframe)Title: Close Above/Below Previous 2 Candle Strategy (Any Timeframe)
Description:
This strategy identifies potential breakout and trend continuation signals by analyzing the closing price relative to the highs and lows of the previous two candles. It works on any chart timeframe, making it versatile for intraday, swing, and daily trading.
How it works:
Long Entry (Bullish Signal): Triggered when the current candle closes above the highs of the previous two candles.
Short Entry (Bearish Signal): Triggered when the current candle closes below the lows of the previous two candles.
Visual Indicators:
Green triangles above the bar indicate bullish signals.
Red triangles below the bar indicate bearish signals.
Strategy Features:
Works on any timeframe, from 1-minute charts to daily/weekly charts.
Configurable risk/reward ratio for automatic stop-loss and take-profit levels.
Alerts trigger immediately when the condition is met, helping traders react to potential breakouts.
Provides clean visual signals for easy chart reading and decision-making.
Benefits:
Reduces noise by focusing on candle close confirmations.
Versatile and suitable for intraday, swing, and long-term trading.
Easy to combine with other indicators or strategies.
Close Above/Below Prev 2 Candle (Daily Close)This strategy identifies potential trend continuation or breakout signals by analyzing the daily candle closes relative to the previous two daily candles. It generates clear alerts and trade signals only after the daily candle has fully closed, reducing false intraday triggers.
How it works:
Long Entry (Bullish Signal): Triggered when the daily candle closes above the highs of the previous two daily candles.
Short Entry (Bearish Signal): Triggered when the daily candle closes below the lows of the previous two daily candles.
Visual Indicators: Green triangles indicate bullish signals, red triangles indicate bearish signals.
Strategy Features:
Optional long and short entries with configurable risk/reward ratio.
Automatic stop-loss and take-profit calculation based on candle structure.
Works on intraday charts using daily candle analysis.
Alerts:
Alerts trigger only after the daily candle closes above/below the previous two daily candles.
Helps traders receive precise notifications for potential breakout trades.
Benefits:
Reduces noise by using daily candle closes.
Easy to integrate with other swing or trend strategies.
Provides clear visual and alert signals for both bullish and bearish setups.
Aura Trail Bitcoin H1 StrategyAuraTrail Bitcoin H1 Strategy is a meticulously crafted trend-following system designed for the Bitcoin H1 timeframe. It leverages powerful candlestick patterns and robust trailing stop logic to identify and capitalize on sustained market movements, while actively managing risk.
Strategy Logic
Signal Identification: The strategy's core is based on classic reversal candlestick patterns: the Hammer for bullish entry signals and the Shooting Star for bearish signals. It waits for the confirmation of these patterns on the previous bar.
Long Entry: A long trade is initiated when a confirmed Hammer pattern appears. The entry is placed as a pending order at the high of the previous day, aiming to enter the trade only if the bullish momentum continues.
Short Entry: A short trade is triggered upon a confirmed Shooting Star pattern. The entry is a pending order at the low of the previous day, designed to capture further downside movement.
Risk Management: The initial stop-loss is calculated based on the previous day's open and bar range. The strategy then uses a dynamic Trailing Stop based on a combination of short-term (45-period) and long-term (95-period) Average True Range (ATR) to lock in profits as the trade moves favorably.
Money Management: Position size is dynamically adjusted based on a configurable multiplier, which can be tailored to manage pyramiding or scaling into a position, ensuring controlled risk exposure.
Parameters
Initial Lots: Defines the starting position size for the first trade.
Lot Multiplier: Adjusts position size for subsequent entries in a pyramiding sequence.
Trailing Stop Coefficient: A multiplier for ATR to set the trailing stop distance.
Trailing Activation Coefficient: A multiplier for ATR to determine when the trailing stop becomes active.
Profit Target %: Defines a percentage gain for profit-taking.
Setup
Timeframe: 1-Hour (H1)
Asset: Bitcoin, also suitable for other volatile assets with clear candlestick patterns and trending behavior.
NEW ETH Futures Auto Buyer with Auto Fib by Govindthis script is on the bases of fb retracements . and also showing signal on chart
Imbalance RSI Divergence Strategy# Imbalance RSI Divergence Strategy - User Guide
## What is This Strategy?
This strategy identifies **imbalance** zones in the market and combines them with **RSI divergence** to generate trading signals. It aims to capitalize on price gaps left by institutional investors and large volume movements.
### Main Settings
- **RSI Period (14)**: Period used for RSI calculation. Lower values = more sensitive, higher values = more stable signals.
- **ATR Period (10)**: Period for volatility measurement using Average True Range.
- **ATR Stop Loss Multiplier (2.0)**: How many ATR units to use for stop loss calculation.
- **Risk:Reward Ratio (4.0)**: Risk-reward ratio. 2.0 = 2 units of reward for 1 unit of risk.
- **Use RSI Divergence Filter (true)**: Enables/disables the RSI divergence filter.
### Imbalance Filters
- **Minimum Imbalance Size (ATR) (0.3)**: Minimum imbalance size in ATR units to filter out small imbalances.
- **Enable Lookback Limit (false)**: Activates historical lookback limitations.
- **Maximum Lookback Bars (300)**: Maximum number of bars to look back.
### Visual Settings
- **Show Imbalance Size**: Displays imbalance size in ATR units.
- **Show RSI Divergence Lines**: Shows/hides divergence lines.
- **Divergence Line Colors**: Colors for bullish/bearish divergence lines.
### Volatility-Based Adjustments
- **Low volatility markets**:
- Minimum Imbalance Size: 0.2-0.4 ATR
- ATR Stop Loss Multiplier: 1.5-2.0
- **High volatility markets**:
- Minimum Imbalance Size: 0.5-1.0 ATR
- ATR Stop Loss Multiplier: 2.5-3.5
### Risk Tolerance
- **Conservative approach**:
- Risk:Reward Ratio: 2.0-3.0
- RSI Divergence Filter: Enabled
- Minimum Imbalance Size: Higher (0.5+ ATR)
- **Aggressive approach**:
- Risk:Reward Ratio: 4.0-6.0
- Minimum Imbalance Size: Lower (0.2-0.3 ATR)
###Market Conditions
- **Trending markets**: Higher RSI Period (21-28)
- **Sideways markets**: Lower RSI Period (10-14)
- **Volatile markets**: Higher ATR Multiplier
## Recommended Testing Procedure
1. **Start with default settings** and backtest on 3-6 months of historical data
2. **Adjust RSI Period** to see which value produces better results
3. **Optimize ATR Multiplier** for stop loss levels
4. **Test different Risk:Reward ratios** comparatively
5. **Fine-tune Minimum Imbalance Size** to improve signal quality
## Important Considerations
- **False positive signals**: Imbalances may be less reliable during low volatility periods
- **Market openings**: First hours often produce more imbalances but can be riskier
- **News events**: Consider disabling strategy during major news releases
- **Backtesting**: Test across different market conditions (trending, sideways, volatile)
## Recommended Settings for Beginners
**Safe settings for new users:**
- RSI Period: 14
- ATR Period: 14
- ATR Stop Loss Multiplier: 2.5
- Risk:Reward Ratio: 3.0
- Minimum Imbalance Size: 0.5 ATR
- RSI Divergence Filter: Enabled
## Advanced Tips
### Signal Quality Improvement
- **Combine with market structure**: Look for imbalances near key support/resistance levels
- **Volume confirmation**: Higher volume during imbalance formation increases reliability
- **Multiple timeframe analysis**: Confirm signals on higher timeframes
### Risk Management
- **Position sizing**: Never risk more than 1-2% of account per trade
- **Maximum drawdown**: Set overall stop loss for the strategy
- **Market hours**: Consider avoiding low liquidity periods
### Performance Monitoring
- **Win rate**: Track percentage of profitable trades
- **Average R:R**: Monitor actual risk-reward achieved vs. target
- **Maximum consecutive losses**: Set alerts for strategy review
This strategy works best when combined with proper risk management and market analysis. Always backtest thoroughly before using real money and adjust parameters based on your specific market and trading style.
Tweezers Bottom Strategy 5m - Long OnlyTweezers Bottom 5m Strategy – Catch Reversals Like a Pro!
Looking for fast, precise entries on the 5-minute chart? This strategy automatically detects the Tweezers Bottom candlestick pattern and opens long positions at the perfect moment. Signals appear as ▲ arrows on the chart, making it incredibly easy to spot high-probability setups.
Risk and Reward Perfectly Managed: Stop-loss is set just 0.1% below entry, and take-profit at 0.3% above, giving you a clear, controlled trading edge. All levels are visualized on the chart with lines and labels, so you always know where your risk and profit targets are.
Ideal for scalpers and short-term traders across Forex, crypto, and stocks. Enter reversals before the crowd, maximize your winning trades, and automate your trading with minimal risk!
CVD Daily High/Low Breakout StrategyThis script implements a breakout-based approach using Cumulative Volume Delta (CVD) alongside price action, designed for educational and analytical purposes on TradingView charts. It plots CVD as a candle chart and draws horizontal lines for session highs and lows in CVD and price, which are used to identify potential breakout points. Entries are triggered when both CVD and price break these levels, confirmed by swing patterns, EMA alignment, and multi-timeframe Supertrend direction. Exits are managed with a user-defined risk-reward ratio and stop-loss based on recent swings.
Key Components:
CVD Calculation: Utilizes TradingView's ta.requestVolumeDelta to approximate volume delta from lower timeframes, plotted as candles for visual analysis.
Session Management: Starts a new session at a user-specified UTC time (default 22:00), tracking highs/lows in CVD and price until an EMA cross ends the session.
Breakout Logic: Requires dual confirmation (CVD and price breakout) with a delta proportion check to filter outliers.
Filters: Incorporates swing high/low detection with candlestick patterns (e.g., hammers, engulfing) for stop placement, and Supertrend on two higher timeframes (default H1 and H4) for trend alignment.
Table Display: Shows Supertrend trends from the selected timeframes in a top-right table for quick reference.
Inputs:
Anchor Period: Timeframe for CVD reset (default "1D").
EMA Length: Period for the EMA used in session ending (default 200).
Start Time (UTC): Hour and minute to begin daily sessions (default 22:00).
Pivot Length: Bars for swing detection (default 5).
Risk Reward Ratio: Multiplier for take-profit relative to stop-loss (default 1.0).
Supertrend Settings: Source (close), ATR period (10), multiplier (3.0), and two timeframes (60m, 240m).
Line Colors/Width: Customizable for high/low CVD lines.
This script is intended solely for informational and educational use to explore volume delta and breakout concepts. It does not constitute financial, investment, trading, or any other type of advice or recommendation. Past performance, including any backtest results, is not indicative of future results, and trading involves substantial risks, including the potential for significant losses. Users should conduct their own research, consult qualified financial professionals, and consider their individual financial situation before making any trading decisions. TradingView does not endorse this script or its content, and neither the author nor TradingView is liable for any losses incurred from its use. All trading activities are at your own risk.
Estrategia de NY ORB por CPThis strategy marks the New York market opening range during the first 15 minutes and confirms a buy or sell entry once the price returns and retests that range. It’s designed to capture trades of 60 points or more after the range has been retested. I suggest complementing the strategy with an indicator that highlights FVGs (Fair Value Gaps) or order blocks to better understand what price is doing and where it’s heading.
esta estrategia te marca el rango de apertura del mercado de ny de los primeros 15 minutos y te confirma entrada en venta o compra una vez que el precio regrese y retestee el rango. esta diseñada para tener trades de 60 puntos o mas una vez que el rango sea retesteado. sugiero acompañar la estrategia con algun indicador que marque fvg o order blocks para tener una mejor de lo que el precio esta haciendo y hacia donde se dirige.
ZapTeam Pro Strategy v6 — EMA The Pro Strategy v6 script is a versatile trading strategy for TradingView that combines trend indicators, filters, and levels.
Main features:
EMA 21, EMA 50, EMA 200 — trend detection and entry signals via EMA crossovers.
Ichimoku Cloud (optional) — trend filtering and price position relative to the cloud.
ETH Dominance filter (optional) — filters trades based on Ethereum dominance (ETH.D).
ATR Stop-Loss — dynamic stop-loss based on volatility.
Two take-profits (TP1 and TP2) with optional 50/50 split.
Dynamic Fibonacci Levels — automatic or manual swings, with 1.272 and 1.618 extensions.
Custom S/R Levels — user-defined support/resistance levels.
Level lines extend across the chart and automatically adjust when zooming or panning.
Designed for trading in trending market conditions on any timeframe.
The strategy calculates position size based on percentage risk per equity.
CP Strat ORBnew york opening range breakout and retest allows you to enter a trade with a better clarity if the price comes back and retest the range
Engulfing & Pin Bar Breakout StrategyOverview
This strategy automates a classic, powerful trading methodology based on identifying key candlestick reversal patterns and trading the subsequent price breakout. It is designed to be a complete, "set-and-go" system with built-in risk and position size management.
The core logic operates on the 1-Hour timeframe, scanning for four distinct high-probability reversal signals: two bullish and two bearish. An entry is only triggered when the market confirms the signal by breaking a key price level, aiming to capture momentum following a potential shift in market sentiment.
The Strategy Logic
The system is composed of two distinct modules: Bullish (Long) and Bearish (Short).
🐂 Bullish (Long) Setup
The script initiates a long trade based on the following strict criteria:
Signal: Identifies either a Hammer or a Bullish Engulfing pattern. These patterns often indicate that sellers are losing control and buyers are stepping in.
Confirmation: Waits for the very next candle after the signal.
Entry Trigger: A long position is automatically opened as soon as the price breaks above the high of the signal candle.
Stop Loss: Immediately set just below the low of the signal candle.
Take Profit: A fixed target is placed at a 1:5 Risk/Reward Ratio.
🐻 Bearish (Short) Setup
The script initiates a short trade based on the following strict criteria:
Signal: Identifies either a Shooting Star or a Bearish Engulfing pattern. These patterns suggest buying pressure is fading and sellers are taking over.
Confirmation: Waits for the very next candle after the signal.
Entry Trigger: A short position is automatically opened as soon as the price breaks below the low of the signal candle.
Stop Loss: Immediately set just above the high of the signal candle.
Take Profit: A fixed target is placed at a 1:4 Risk/Reward Ratio.
Key Feature: Automated Risk Management
This strategy is designed for disciplined trading. You do not need to calculate position sizes manually.
Fixed Risk: The script automatically calculates the correct position size to risk exactly 2% of your total account equity on every single trade.
Dynamic Sizing: The position size will adjust based on the distance between your entry price and your stop loss for each specific setup, ensuring a consistent risk profile.
How To Use
Apply the script to your chosen chart (e.g., BTC/USD).
Crucially, set your chart's timeframe to 1-Hour (H1). The strategy is specifically calibrated for this interval.
Navigate to the "Strategy Tester" tab below your chart to view backtest results, including net profit, win rate, and individual trades.
Disclaimer: This script is provided for educational and informational purposes only. It is not financial advice. All trading involves substantial risk, and past performance is not indicative of future results. Please use this tool responsibly and at your own risk.
