Kitchen is a strategy that aims to trade in the direction of the trend by using supertrend and stochRsi data by calculating at different time values.
IMPLEMENTATION DETAILS – SETTINGS:
First of all, let's understand the supertrend and stocrsi indicators.
How do you read and use Super Trend for trading ?
The price is often going upwards when...
This script is an advanced trading strategy that combines the use of Bollinger Bands, Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators to make buy and sell decisions. The script first plots the Bollinger Bands on the chart, with the upper and lower bands of two different standard deviations (1st and 2nd StdDev) outlined...
This strategy is a combination of 2 indicators based on EMA(actually x3 EMAs and Williams ind.
We usin this to see where EMA fast is above EMA slow(for long), entry position when price hit fast EMA and exit if trend changes or price overbought, or by stoploss 1%.
The opposite for a short position.
For better result You can change every EMA's, stoploss, Willam's...
Using 10 and 200 Simple moving averages, we capitalize on price pullbacks on a general uptrend to scalp 1 - 5% rebounds. 200 MA is used as a general indicator for bullish sentiment, 10 MA is used to identify pullbacks in the short term for buy entries.
An optional bonus: market crash of 20% from 52 days high is regarded as a buy the dip signal.
This is my first attempt at a trading script using the RSI indicator for Buy & Sell signals (so please be nice but would appreciate any constructive comments).
Starting with $100 initial capital and using 10% per trade
You can select which month the backtesting starts
There is also a monthly table (sorry can’t remember who I got this from) that shows the total...