Ultimate Bollinger Bands by @DaviddTechThis strategy uses the Ultimate Bollinger and Aroon indicator.
The logic behind the code is
* Enter long :
Aroon up is below the 20 or lower line in settings.
Aroon down is above 70 or above line in settings.
When close crossover the lower Bollinger Band we take an entry
SL is %
TP is % of if Aroon up is below the 70 or lower line in settings.
Aroon down is above 20 or above line in settings.
When close crossover the upper Bollinger Band
* Short :
Aroon down is below the 20 or lower line in settings.
Aroon up is above 70 or above line in settings.
When close crossunder the upper Bollinger Band we take an entry
SL is %
TP is % of if Aroon up is below the 20 or lower line in settings.
Aroon down is above 70 or above line in settings.
When close crossover the lower Bollinger Band
Settings I used to get the results below :
====================
** Ultimate Bollinger Bands by @DaviddTech **
====================
Enable Repainting? = False
Enable LONG entries? = True
Enable SHORT entries? = True
lengthBB = 20
Source = close
StdDev = 2
Offset = 0
Aroon Length = 14
Aroon Enter upper band = 85
Aroon Enter lower band = 5
Aroon Exit upper band = 70
Aroon Exit lower band = 20
Restrict Entries to Date Range? = False
From : = 1611100800000
To : = 1613779200000
Show Liquadation line (BETA) = False
Leverage Amount = 25
Maintenance Margin Rate = 0.5
Type of Exit / Entry = Enter New Trade Only if NO running Trades
Type of Take Profit = Custom Stoploss
Type of Stoploss = Custom Stoploss
Stop Loss % = 4
Take Profit % = 6
Highest High lookback = 50
Lowest Low Lookback = 60
Profitfactor Long (Risk to Reward) = 2
Profitfactor Short (Risk to Reward) = 0.5
Stoploss Factor: LONG = 4
SHORT = 4
Profit Factor: LONG = 2
SHORT = 2
ATR Length = 11
Length = 200
Source = hlc3
Multiplier = 3
Level = 764
Take Multi Profit X3 = False
% to take at First TP = 33
% to take at Second TP = 33
% to take at Third TP = 100
Use Strategy Alerts? - Please read the tooltip = False
Show S/R Levels = False
Use MFI + RSI = False
RSI Source = close
RSI Length = 14
RSI Oversold = 30
RSI Overbought = 60
MFI Period = 60
MFI Area multiplier = 150
MFI Area Y Pos = 2.5
Use vWap = False
vWap Source = close
vWap2 Source = close
Vwap Length = 3
EMA Breakout = False
EMA Length = 100
Use MTF EMA cross = False
MTF = 5
EMA Period = 5
MTF = 5
EMA Period = 30
WARNING:
- For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE.
- Plots EMAs and other values on chart.
- This script to change bars colors.
If you have any questions or feedback, please let me know in the comments.
在腳本中搜尋"profit"
MarketGod for Tradingview(strategy)Fully Open Source Tv Market God Strategy. Good Luck
Strategy Description
MarketGod can be applied to any market, with any time-frame associated to it. The signals relay the alert at the close of the period, and the painted alert is then available to users to see on the chart or even set notifications for via tradingview's alert system. We recommend that users implement marketgod on their preferred time frames for trading, which for us is the 1h, 4h, 6h, 1D and above TFs.
MarketGod Versioning
The versions included with this release are the following
MarketGod v1
MarketGod v2
MarketGod v3
MarketGod v4
MarketGod v5
MarketGod v6
MarketGod v7
MarketGod v8
MarketGodx²
Ichimoku God
Suggested Uses
• MarketGod will inevitably produce false positives. We've taken steps to reduce this but we highly suggest you add this as a component of your strategy, not an end all be all
• That said, please do not feel the need to fire a trade based solely on a marketgod signal, or to every signal it fires.
• MarketGod users should backtest their strategy using OHLC candles for best results
• Heikin Ashi candles were recomended in the past, and we have eliminated the need for them, meaning that traditional candlestick inputs will yield the highest results.
• MarketGod will always give stronger alerts on higher TF's. If the 1-Day has fired a given signal and the 30 min or similar fire the opposite signal, know that the overall trend is still likely downward. Same concept applies to all timeframes on this tool.
Adjusting the Filter Settings
This tool has a noise filter for users to adjust.
The filter is a percentage based calculation, between significant points in time. The filter ranges between .5 and 25, with .5 increments
• For lower TFs ( IE Intraday), keep the filter set between .5-5
• Mid-TFs (4H,6H,12H,1D), the recommended range is between 5.5-10
• Higher TFs (3D and Higher), look for approx 11-20 range
Customizations
Customize the indicator by adjusting the colors in the style pane. Additionally, users can change the plots into labels with the price of close added to them, or a few other label text options, listed in the 'inputs' panel, below the filter adjustments. Users can also opt to turn the strategy orders as well, as this version will have them printed.
Strategy Performance Interpretation
Its important to understand the only metric that should be relevant is not the win %, as many may initially think. Alternatively, the only metric that matters in the end is your take home profit... meaning the profit one fees and taxes are accounted for. In our example here, the % brought back since the beginning of our window of 2018 is around 47% for $10,000 initial capital and 10% traded per position. Many are ignorant to the take home profit aspect as they focus solely on the winning %, which is ultimately incorrect approach to trading as a whole. as long as we maintain +30% (our goal minimum), the outcome being in the green, is our goal.
Optimized Keltner Channels SL/TP Strategy for BTCThis strategy is optimized for Bitcoin with the Keltner Channel Strategy, which is TradingView's built-in strategy. In the original Keltner Channel Strategy, it was difficult to predict the timing of entry because the Buy and Sell signals floated in the middle of the candle in real time. This strategy is convenient because if the bitcoin price hits the top or bottom of the Keltner Channel and closes the closing price, you can enter Buy or Sell at the next candle start price. In addition, this strategy provides Stop Loss and Take Profit functions to maximize profit.
_________________________________
Recommended settings are below.
- length: 9
- multiplier: 1
- source: close
- (v) Use EMA
- Bands Style: Average True Range
- ATR Length: 19
- Stop Loss (%): 20
- Take Profit (%) : 20
_________________________________
- length: 9
- multiplier: 1
- source: close
- (v) Use EMA
- Bands Style: Average True Range
- ATR Length: 18
- Stop Loss (%): 20
- Take Profit (%) : 5
_________________________________
▶ Usefulness and Originality
- Stop Loss and Take Profit functions are available
- Convenient Buy and Sell entry compared to the original Keltner Channel Strategy
- Optimized for BTCUSD market (maximizing profits)
___________________________________________
이 전략은 TradingView의 Built-in 전략인 Keltner Channel Strategy를 비트코인에 맞게 최적화되었습니다. 기존의 Keltner Channel Strategy는 Buy, Sell 신호가 캔들 중간에 실시간으로 떠서 진입 시점을 예측하기 어려운 불편함이 있었지만 이 전략은 비트코인 가격이 Keltner Channel 상단 혹은 하단을 찍고 종가를 마감하면 그 다음 캔들 시작가에서 Buy 혹은 Sell 진입이 가능하여 편리합니다. 또한, 이 전략은 Keltner Channel을 만나서 캔들을 마감한 가격 (bprice, sprice)을 시각적으로 plot을 제공하여 타점 및 차트를 보기에 편리하며 손절가 및 목표가를 지정한 백테스팅이 가능합니다.
TradePro's Trading Idea Cipher Divergence EMA Pb StrategyHere I present you on of Trade Pro's Trading Idea: Cipher B+ Divergence EMA Pullback Strategy.
Optimized the crypto pairBTC/USDT in the 30 minute chart.
There is the possibility to switch between short and long positions.
You can choose between 2 different take profit/stop loss types: The Lowest Low/ Highest High Stop Loss/ Take Profit and the ATR Take Profit/ Stop Loss.
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How does the strategy work?
ENTRY
Long
The price must be above the 200 EMA .
The price needs to make a pullback into the 50 EMA .
Right after that, the Cipher B indicator must give a buy signal, it must be below the zero line and the Money Flow cloud must be green.
Short
Contrary to the premise of long positions.
EXIT
Lowest Low/ Highest High Exit
The Lowest Low (long) / highest high (short) serves as the stop loss. The TP is formed on the basis of a factor.
(Long for example: *Lowest Low* multiplied by *Profitfactor* = TP).
ATR Exit
The value of ATR at the time of buying is multiplied by the value entered in "Profit factor ATR" and "Stop factor ATR". As soon as the price reaches this value, it is closed.
Important
The script must be optimized for each coin or currency pair. However, only the values for the profit factor, the stop loss and Lowest Low / Highest High are relevant.
Also, by changing the Chanel Length and the Chanel Average, you can create strong profit changes.
The results of the strategy are without commissions and leverage.
If you have any questions or feedback, please let me know in the comments.
If you need more information about the strategy and want to know exactly how to apply it, check out my profile. There I have created a tutorial for the function of the script.
CryptoKillerCryptoKiller is a trend following trading system. It provides entry and exit points, a money management system and a trade management system.
The entry points (fuchsia line) are determined by CryptoKiller Oscillator (see other published script to understand how the oscillator works).
The trade management system provides the exit points in profit and in loss. This script works with multiple take profits (green lines), the initial position is liquidated little by little as the trend reaches the profit targets. Trade management also provides trailing stop exits to save the remaining profits.
Stop loss (red line) take into account the recent past of the chart to be determined, while take profits are fixed and have been calculated based on historical volatility.
The money management system is very simple, it plans to enter a position with a fixed percentage with respect to equity.
CryptoKiller, during an operation, also draws supports and resistances on the chart - determined by the oscillator (orange lines) these supports and resistances are used as a filter to understand where there is the greatest probability of trend development (some entry points provided by the oscillator will therefore not be considered by CryptoKiller as entry points, as in disagreement with the traced supports / resistances).
We know that an error appears in the backtest calculation, where the script is said to suffer from a bias, so the backtest calculation may not be accurate. Actually this happens in high times like H4 or daily, but CryptoKiller is not designed for these timeframes. it is a short-term strategy.
For more information read the author's instructions to contact us, we will send a PDF file with a more complete explanation of the strategy accompanied by screenshots.
Access to this script is granted along with access to CryptoKiller Oscillator.
Godtrix's Crypto HA+RSI+EMA+ATH+DCA Strategy 3.0New Updates is here! Upgrade from previous version 2.0 (Please avoid using v2.0 as it's outdated.)
Great stability, Repaint bug fixes, and New features!
==================
| Introduction: |
==================
This is a Long Term Strategy, using compounding profit method, it can generate high returns, but it also risk for losses, this can be overcome if you set Stop Loss to over 25% for bitcoin & 60% for Altcoins.
Best profit plan with this strategy is you trade on Future leverage while you hold on to your coin, so that when price goes up, your coin value goes up, and at the same time, you trade with your leverage to earn even more, easily doubling up your total profit.
Benefits:
Fully customizable and you can easily personalized it and FINE TUNE it according to the market or coin you trading on.
The strategy is based on REAL PRACTICAL trading skills, so it works in real-world.
I fixed the "repainting" issue so the backtest it shows you IS ACCURATE when you run for real-time.
We all know one indicator is not going to help you win your trades, so this strategy combines ALL three: EMA for long+short term trend, HA for short term trend, RSI for entry/exit
This strategy is designed for LONG trade (Buy low, Sell high), not for SHORT trade.
This is not day trading, it is more to mid-term trading, where there's only few trades per month
Mainly is coded to work with 3Commas bot auto trading, so you only need to key in your Bot ID & Email Token.
Bot trading NOTE:
- You need to replace the Alert Message with this: {{strategy.order.alert_message}}
- And you'll need the Bot's webhook Url set with the Alert too.
- One Alert will work for both Buy and Sell Order
- If you using other Bot service, you can enter Custom Command in Input Settings too, it works on any bot service.
Lastly,
regarding the setting advice, I would say you try playing with different settings and your objective is to achieve a backtest result that has:
1) Profitable is > 80%
2) Losing trades is nearly 0 or below 25% of your winning trades. Trick is using far stop loss %
3) Net Profit be almost same or more than "Buy & Hold Profit"
==================
| Latest Updates: |
==================
=| Tidy Up Codings |=
- Group input fields so it'll be easier to understand and find the settings
- Upgrade code for obsolete 'transp' options
=| Repaint Issues |=
- Previous v2.0's RSI has repaint issue, creating false result against real-time data. I've fixed this.
- Also done fine-tuning other parts of the codes to prevent possible repaint issues.
=| Bot System |=
- Improved Custom Bot system, so that you're able to set dynamic order size/quantity with my custom keyword: and
Base Order Example:
{ 'message_type': 'bot', 'bot_id': 1234567, 'email_token': 'abcdefgh-1234-1234-1234', 'base_order': , 'delay_seconds': 0, 'pair': 'USDT_BTC'}
=| EMA Downtrend Exit |=
- Added option for you to decide whether to close position when detected EMA Long term downtrend.
=| EMA 2 (short term) is removed |=
- After several test, I've decided to remove this because it doesn't contribute to improving the results.
=| Heikin Ashi System |=
- Improved the chart display, now you'll see the HA candle 'shadowed' behind, so you'll see both actual price candle and HA candle at same time.
- Added the system that detect the HA candle sizes to decide specifically when it's suitable for Entry and Exit.
>> For "Entry/Exit Range"
- This means after HA is valid for Entry or Exit, how many following bars are allowed to stay valid so it will match other requirements to be completely fulfilled for Entry or Exit.
>> For "Crossing Interval"
- This means after detected HA line crossover, how many HA intervals is allow to Entry or Exit
>> For "Reversed Exit"
- This function let's you decide whether to close position if after HA bull (green candle) changed into HA Bear (red candle)
=| RSI A Entry |=
- Added option to avoid Entry during NTZ (No trade Zone)
- Also added the option to avoid next same condition RSI A entry too soon
=| RSI B Entry |=
- This function is for Entry if RSI is going very low, mostly due to bigger price drops in short time, it's good for buying DIP, however we'll never be able to know when a DIP ends, so do more test on this settings before put into real use.
- Added "avoid" options to help avoid getting Entry at "false" DIP, more like a short & fast pullback which causes RSI to drop very low but actually the price is near ATH or Recent High.
- Added option for Entry with Trailing Price Lower Buy combine with a limit order that grabs low price, so whichever it fulfill first.
=| New: Avoid Entry |=
- Well, it's a pain if you bought at the top, so I've added two options that will avoid buying near ATH and Recent High.
=| Time-limit Removed |=
- Sorry that I've missed look on the script policy which I'm not allowed to put a time-limit for public scripts.
=| System Improvements |=
- HA condition detection is optimized and bug fixed
- RSI values now reads accurately on each bar despite using higher timeframe, especially when moving to next interval
=| New: Dollar Cost Averaging (DCA) Orders |=
- Although DCA strategy is not appealing for Long term strategy, but I've added it for your extra options and flexibilities.
- The settings are quite straight-forward and standard, so I won't be explaining here.
=| New: Backtest Start & End Date |=
- This is very good function when you need more accurate result starting at specific date & time.
- Also if you set the date & time for your real trading starts, it'll much result the same as your actual trading records, which helps you to see clearer and make future decisions.
Any found bugs or flaws, please feel free to PM me, I can't get notifications from comments here below, so I'll not able to reply you the soonest possible, still not sure how to turn on notification for comments, anyone who knows can PM and teach me, lol... Thanks in advance!
Well, this is free version, hope it helps! Feedbacks are all welcome :)
(To Moderators: I've fully use the "f_security()" guideline, but instead of creating a separate function, I apply directly on all security() function. Please don't ban my script before fully check if I've truly fixed repaint. Thank you.)
BITSTAMP:BTCUSD COINBASE:BTCUSD COINBASE:ETHUSD BINANCE:BNBUSDT
ChannelSlicerThis is an EMA-channel strategy designed to be profitable in both the long and short directions. It may underperform buy-and-hold in strong bull markets, but unlike buy-and-hold it is profitable in any market structure. In a sideways market with medium to high volatility, it should perform very well.
In general, the optimal settings will be for the fast channel to be several periods shorter than the slow channel and the fast HMA (hull moving average) to be a few periods shorter than the fast channel.
The two main source of unprofitable trades in this strategy are betting against the trend and during rapid pumps/dumps. It is therefore designed with parameters to detect these conditions and refrain from entering positions during them (trendSensitivity and Rate of Change cutoff.)
This strategy can offer large swings in profitability with relatively small parameter changes, so I recommend you cross-validate any set of parameters across multiple exchanges and across multiple tickers. The goal should be to find a sweet spot where small changes to parameters do not make the strategy unprofitable.
RSI+PA+DCA StrategyDear Tradingview community,
This RSI based trading strategy is created as a training exercise. I am not a professional trader, but a committed hobbyist. This not a finished trading strategy meant for trading, but more a combination of different trading ideas I liked to explore deeper. The aim with this exercise was to gain more knowledge and understanding about price averaging and dollar cost averaging strategies. Aside that I wanted to learn how to program a pyramiding strategy, how to plot different order entry layers and how to open positions on a specific time interval.
In this script I adapted code from a couple of strategy examples by Coinrule . Who wrote simple and powerful examples of RSI based strategies and pyramiding strategies.
Also the HOWTO scripts shared by vitvlkv were very helpful for this exercise. In the script description you can find all the sources to the code.
A PA strategy could be a helpful addition to ease the 'stress-management to buy when price drops and resolution in selling when the price is rising' (Coinrule).
The idea behind the strategy is fairly simple and is based on an RSI strategy of buying low. A position is entered when the RSI and moving average conditions are met. The position is closed when it reaches a specified take profit percentage. As soon as the first the position is openend multiple PA (price average) layers are setup based on a specified percentage of price drop. When the price crosses the layer another position with somewhat the same amount of assets is entered. This causes the average cost price (the red plot line) to decrease. If the price drops more, another similar amount of assets is bought with another price average decrease as result. When the price starts rising again the different positions are separately closed when each reaches its specified take profit. The positions can be re-openend when the price drops again. And so on. When the price rises more and crosses over the average price and reached the specified take profit on top of it, it closes all the positions at once and cancels all orders. From that moment on it waits for another price dip before it opens a new position.
Another option is to activate a DCA function that opens a position based on a fixed specified amount. It enters a position at the start of every week and only when there are already other positions openend and if the current price is below the average price of the position. Like this buying on a time interval can help lowering the average price in case the market is down.
I read in some articles that price averaging is also called dollar cost averaging as the result is somewhat the same. Although DCA is really based on buying on fixed time intervals. These strategies are both considered long term investment strategies that can be profitable in the long run and are not suitable for short term investment schemes. The downturn is that the postion size increases when the general market trend is going down and that you have to patiently wait until the market start rising again.
Another notable aspect is that the logic in this strategy works the way it does because the entries are exited based on the FIFO (first in first out) close entry rule. This means that the first exit is applied to the first entry position that is openend. In other words that when the third entry reaches its take profit level and exits, it actually exits the first entry. If you take a close look in the 'List of Trades' of your Strategy Tester panel, you can see that some 'Long1' entries are closed by an 'Exit 3' and not by an 'Exit 1'. This means that your trade partly loses, but causes a decrease in average price that is later balanced out by lower or repeated entering and closing other positions. You can change this logic to a real sequential way of closing your entries, but this changes the averaging logic considerably. In case you want to test this you need to change, in this line in the strategy call 'close_entries_rule = "FIFO"', the word FIFO to ANY.
In the settings you can specify the percentage of portfolio to use for each trade to spread the risk and for each order a trading fee of 0.075% is calculated.
TSI HMA CCIHi!
This strategy has TSI and CCI indicators with the CCI being based on a HMA instead of the Price.
There is a number of conditions that must combine to create buy or sell signals, but it is basically a couple of MA crossovers.
The strategy opens new orders on each candle if the conditions are met, Either direction, so it is hedging.
It wont open new orders if there is a floating loss, and so is constantly attempting to hold a floating profit (drawup instead of drawdown)
But It has a StopLoss (set by user) for closing of losing orders, and it closes all orders in basket style when account is in profit to users set amount target profit.
Low commission set to simulate swap but Forex pairs generally dont have commission like the crypto exchanges do. So if you use this on cryptos, remember to increase the commission to your brokers amount.
Crypto users will likely find that because this opens so many orders the commission could erase its profits.
So i recommend this for Forex only, and perhaps, only NZDUSD 4H chart. other pairs, change settings for.
The strategy has settings for testing on target time spans, so you could test it on just Jan-Feb 2020 for example, if you want, or from Jan 2020 to present day.
Have Fun! Open Script for copy/paste/edit/publish your own version :)
Heikin Ashi+RSI+EMA Strategy 2.0 v4 [Cryptocurrency] by GodtrixHi,
I know a lot of people are looking for a more sophisticated and customizable strategy tool, I'm facing the same problem too, so I created one for myself and decided to share it for free trials and if you think this tool do what you wanted, you can contact me for the subscription "Premium" version.
I'll keep it simple with point forms, if you have any further inquiries or questions, please feel free to message me. Thank you.
Best profit plan with this strategy is you trade on Future leverage while you hold on to your coin, so that when price goes up, your coin value goes up, and at the same time, you trade with your leverage to earn even more, easily doubling up your total profit.
Benefits:
Fully customizable and you can easily personalized it and FINE TUNE it according to the market or coin you trading on.
The strategy is based on REAL PRACTICAL trading skills, so it works in real-world.
I fixed the "repainting" issue so the backtest it shows you IS ACCURATE when you run for real-time.
We all know one indicator is not going to help you win your trades, so this strategy combines ALL three: EMA for long+short term trend, HA for short term trend, RSI for entry/exit
This strategy is designed for LONG trade (Buy low, Sell high), not for SHORT trade.
This is not day trading, it is more to mid-term trading, where there's only few trades per month
Mainly is coded to work with 3Commas bot auto trading, so you only need to key in your Bot ID & Email Token.
Bot trading NOTE:
You need to replace the Alert Message with this: {{strategy.order.alert_message}}
One Alert will work for both Buy and Sell Order
If you using other Bot service, you can enter Custom Command too, so it works on any bot service.
Lastly,
regarding the setting advice, I would say you try playing with different settings and your objective is to achieve a backtest result that has:
1) Profitable is > 80%
2) Losing trades is nearly 0 or below 25% of your winning trades. Trick is using far stop loss %
3) Net Profit be almost same or more than "Buy & Hold Profit"
If you interested in our subscription version, message me for price.
Best Luck & a million dollar profit to you,
Godtrix BITSTAMP:BTCUSD BINANCE:DOTUSDT
supertrend with 2tp by AkHi traders
This strategy is based on two take profit targets and scaling out strategy. The entry rule is very simple. Whenever supertrend show long trade is taken and vice versa...and you have to use minimum 2 contract size
Take Profit and Stop Loss
The first take profit is set at 3 points above the long entry and the second take profit is set at 6 points above the long entry. Meanwhile, the stop loss is set at 3 points below the long entry....u can change points for profit and loss
Money Management
When the first take profit is achieved, half of the position is closed. The rest of the position is open to achieve either second take profit or stop loss.
There are three outcomes when using this strategy. Let's say you enter the trade with 200 lot size and you are risking 2% of your equity.
1. The first outcome is when the price hits stop loss, you lose the entire 2%.
2. The second outcome is when the price hits the first take profit and you close half of your position. Meaning that you have gained 1%. Then you let the trade running and eventually it hits stop loss. The total loss is 0% because the remaining lot size which is 200/2=100 times by 20pips is 1%. You have gained the earlier 1% and then loss 1%. At this point, you are at break even.
3. The third outcome is similar to the second out but instead of hiring stop loss, the trade is running to your favor and hits the second take profit.
Therefore, you gained 1% from the first take profit and you gained another 2% for the second take profit. Your total gained is 3%
I SAHAM AK BUY LOW ____ Multi TimeFrame OversoldThis strategy is built to confirm the profitability of buying oversold using RSI indicator.
Buy & Sell point will appear on price chart.
Entry Point : RSI3, RSI10, AND RSI14 below 26.
Cut Loss : Entry Price - 5%.
Take Profit : Entry Price + 10%.
5 entries allowed in same direction eventhough open trade not yet closed. In layman words, you keep buying new low closing price for 5 times.
Commission fee fixed at 0.08%.
Decent fundamental counter is preferable.
Even at win rate of 50%, it is profitable due to Risk Reward Ratio of 1 to 2.
EMA Crossover StrategyMoving average crossover systems measure drift in the market. They are great strategies for time-limited people.
So, why don't more people use them?
I think it's due to poor choice in choosing EMA lengths: Market Wizard Ed Seykota has a guideline for moving average crossovers: the slow line should be at least 3x the fast line. This removes a lot of the whipsaws inherent in moving average systems, which means greater profitability. His other piece of advice: long-only strategies are best in stock markets where there's a lot more upside potential.
Using these simple rules, we can reduce a lot of the whipsaws and low profitability trades! This strategy was made so you can see for yourself before trading.
=== HOW TO USE THIS INDICATOR ===
1) Choose your market and timeframe.
2) Choose the length.
3) Choose the multiplier.
4) Choose if the strategy is long-only or bidirectional.
Don't overthink the above! We don't know the best answers, that's why this strategy exists! We're going to test and find out.
After you find a good combination, set up an alert system with the default Exponential Moving Average indicators provided by TradingView.
=== TIPS ===
Increase the multiplier to reduce whipsaws (back and forth trades).
Increase the length to take fewer trades, decrease the length to take more trades.
Try a Long-Only strategy to see if that performs better.
ETH/USD 15m [iTradebot]1. General
2. Additional information
3. Access
1. This is a script for crypto trading strategies, based on following trends with moving averages.
A fast moving average and a slower getting crosschecked with MACD for buying/selling signals, those signals get crosschecked by 5 different factors, like the MACD or controlling average.
Only if all requirements will be met, the script expects the trend to change and sends an according signal.
This strategy is not made for multiple entries and keeps a position open until an opposite signal gets triggered.
It was built with ETH/USD 15min chart in mind, but can be used on any other chart, though you will have to find a different combination in inputs, to make it work with other pairs or timeframes.
Fast average: The faster of the two signal moving averages.
Slow average: The slower of the two signal moving averages.
Trend strength: Determines the crosscheck with the MACD.
Control length: Sets the period length for the control average (1=1bar, 300=300bars)
Inputs used here are:
Fast average: 5
Slow average: 19
Trend strength: 4
Control length: 306
Start capital: 1000
Trade equity: 100%
Commission: 0.036% (Binance)
Result 2020-06-11 until 2021-01-07
Net Profit: 717.56%
Percent Profitable: 54.17%
Max Drawdown: 8.79%
Profit Factor: 6.523
2. There are many combinations with good net profit outcomes, but make sure to also keep a low "Max Drawdown", to lower the risk substantially.
The combination we used, gives slightly less profit than other combinations, but also lowers the max drawdown from 20% to 9%.
In general in trading with crypto we advice to only use this strategy with Bitcoin or Ethereum , due to their high value and "stable" movements, compared to other cryptocurrencies.
The strategy is using 100% equity each trade, so make sure to have your capital management in place on the account.
To be specific, DONT put all your capital into this one strategy, but only part of it, according to your capital management.
Control lengths around 150 or 300 tend to give good combinations with the other 3 inputs. (on the 15min chart)
3. You can test this strategy 14 days for free and get access for up to 1 year on our website.
14 day free trial only requires Tradingview user name and e-mail.
Click on the link in our signature below.
5 min scalper for indian marketHi friends....publishing 5 min scalper for indian market... which shows the movement of price over time and how strong those movements are/will be, regardless of the direction the price moves, up, or down. Indicator specifically useful, as it helps traders and analysts spot points where the market can and will reverse by providing signals long (buy) and short (sell). Show the relative strength of price movements but leave out the directionality of the price movements, best utilized in combination with other technical indicators – such as trend lines and moving averages – which show price trends and directions. Having an alert feature to make aware market players from signals provided by strategy.
It analyz underlying volume and shows buy and sell signal...
U also can modify algo length ..
some tips for new traders to become successful trader
1: always follow risk management...
2: every stock/ forex / crypto has it own cycle.. So pls dont jump from one stock / forex pair to another when u hear some stock / crypto has
made new high or low... Bcs after that consolidation period starts.. During consolidation we can not make more profit as in trending market.. So be patient when u had made some position or tarde in one stock/ pair...
3 : we dont require to trade in every stocks / forex/crypto.. Just one stock and pair trading daily make u profitable beyond ur expection.. Bcs
trading in one stock / forex pair.. make u very comfortable and u may always know its movement... And u also trade in every cycle of this
stock/ pair.. So u also trdae its trend days which made highest profit. We dont know when is trend of any stock... Compare with it
business... Trading is business not one day rich game... Its business... It takes time and u have to do same thing agian and again to become
sucessfull trader for this u can use tradingview alerts. .for that u dont need to seat infrot of ur terminal screen.. u can also do algo trading
by using tradingview alerts
4 : By following risk management and incerase lot size as profit increased... This is the key 🔑 of sucess in stocks / forex / crypto market.
I thinks this tips may help new trader. U can modified according to ur trading style..
You can personal message me if u want to use this strategy
******************if u want to use this indicator u can personal message me********************************************************
intraday scalper with stopHi friends....publishing intraday scalper which shows the movement of price over time and how strong those movements are/will be, regardless of the direction the price moves, up, or down. Indicator specifically useful, as it helps traders and analysts spot points where the market can and will reverse by providing signals long (buy) and short (sell). Show the relative strength of price movements but leave out the directionality of the price movements, best utilized in combination with other technical indicators – such as trend lines and moving averages – which show price trends and directions. Having an alert feature to make aware market players from signals provided by the indicator.
u can start and close your trades at your define period. Use full for stockmarkets, mcx and forex because all movement occur in new York session....u can set your time to start trading and also for closing. you can also hold position if u want...by changing just close hours at 24..this way u can hold your trade untill next buy/sell signal come..
hope it will help intraday traders
and best of luck to all..
****you can use it any stocks ,forex and crypto**********
some tips for new traders to become sucessful trader
1: always follow risk management...
2: every stock/ forex / crypto has it own cycle.. So pls dont jump from one stock / forex pair to another when u hear some stock / crypto has
made new high or low... Bcs after that consolidation period starts.. During consolidation we can not make more profit as in trending market.. So be patient when u had made some position or tarde in one stock/ pair...
3 : we dont require to trade in every stocks / forex/crypto.. Just one stock and pair trading daily make u profitable beyond ur expection.. Bcs
trading in one stock / forex pair.. make u very comfortable and u may always know its movement... And u also trade in every cycle of this
stock/ pair.. So u also trdae its trend days which made highest profit. We dont know when is trend of any stock... Compare with it
business... Trading is business not one day rich game... Its business... It takes time and u have to do same thing agian and again to become
sucessfull trader for this u can use tradingview alerts. .for that u dont need to seat infrot of ur terminal screen.. u can also do algo trading
by using tradingview alerts
4 : By following risk management and incerase lot size as profit increased... This is the key 🔑 of sucess in stocks / forex / crypto market.
I thinks this tips may help new trader. U can modified according to ur trading style..
You can personal message me if u want to use this strategy
Swing Algo For Allhi friends....publishing Swing Algo For All .. which shows the movement of price over time and how strong those movements are/will be, regardless of the direction the price moves, up, or down. Indicator specifically useful, as it helps traders and analysts spot points where the market can and will reverse by providing signals long (buy) and short (sell). Show the relative strength of price movements but leave out the directionality of the price movements, best utilized in combination with other technical indicators – such as trend lines and moving averages – which show price trends and directions. Having an alert feature to make aware market players from signals provided by the strategy.
There are mainly 3 tyes of swing traders
1 intraday swing trader
2 weekly positional swing trader
3 monthly/yearly positional swing trader
This strategy solves problem of all the type of swing trader. you have to just select type of swing which u want to trade suppose u chose intraday swing it automatically calculate intraday swing high and low and shows buy and sell sign according to it...if it shows buy signal than in lower part it shows plotted line when this line break it automatically generate sell signal and vice versa for sell signal.
same for weekly , monthly and yearly
u can use it in any time frame bcs swing structure are same in any time frame
*********************************************************************************************************
*************** And also use for any stocks, forex and crypto*****************
screenshot on Banknifty weekly swing
some tips for new traders to become successful trader
1: always follow risk management...
2: every stock/ forex / crypto has it own cycle.. So pls dont jump from one stock / forex pair to another when u hear some stock / crypto has
made new high or low... Bcs after that consolidation period starts.. During consolidation we can not make more profit as in trending market.. So be patient when u had made some position or tarde in one stock/ pair...
3 : we dont require to trade in every stocks / forex/crypto.. Just one stock and pair trading daily make u profitable beyond ur expection.. Bcs
trading in one stock / forex pair.. make u very comfortable and u may always know its movement... And u also trade in every cycle of this
stock/ pair.. So u also trdae its trend days which made highest profit. We dont know when is trend of any stock... Compare with it
business... Trading is business not one day rich game... Its business... It takes time and u have to do same thing agian and again to become
sucessfull trader for this u can use tradingview alerts. .for that u dont need to seat infrot of ur terminal screen.. u can also do algo trading
by using tradingview alerts
4 : By following risk management and incerase lot size as profit increased... This is the key 🔑 of sucess in stocks / forex / crypto market.
I thinks this tips may help new trader. U can modified according to ur trading style..
You can personal message me if u want to use this strategy
u can personal message me if u want to use it..
DoubleTrendCloud(DTC) StrategyHello, everyone.
We try to publish a strategy for Bitcoin named 'DoubleTrendCloud(DTC) Strategy'.
It is largely based on the 'Supertrend strategy' and 'Supertrend Cloud Strategy' published by 'jhanson107'.
What we did here is just some modification for the current Bitcoin trend. It is based on a 4 hour time period.
In short, it utilizes two pairs of trend lines: short period trend and long period trend.
When the long period trend was broken upward, we do not have short position, but only long position according to the short period trend.
On the other hand, the long period trend was broken downward, we do not have long position, but only short position according to the short period trend.
The messages for the position:
long : open your long position
short : open your short position
Close entry(s) order long : close your long position
Close entry(s) order short : close your short position
As a result, this DTC Strategy guarantees higher profit and lower risk than the original supertrend strategy.
(Total profit and the maximum risk from Jan. 1. 2018 ->
(a) Supertrend (Multiplier= 2/period= 7): Total profit: 843%, the maximum risk: 39.38%
(b) Supertrend (Multiplier= 7/period= 4): Total profit: 370%, the maximum risk: 37.18%
(c) DoubleTrendCloud: Total profit: 1487%, the maximum risk: 24.25%)
Zignaly TutorialThis strategy serves as a beginner's guide to connect TradingView signals to Zignaly Crypto Trading Platform.
It was originally tested at BTCUSDT pair and 1D timeframe.
Before using this documentation it's recommended that you:
Use default TradingView strategy script or another script and setup its associated alert manually. Just make the alert pop-up in the screen.
Create a 'Copy-Trader provider' (or Signal Provider) in Zignaly and send signals to it either thanks to your browser or with some basic programming.
SETTINGS
__ SETTINGS - Capital
(CAPITAL) Capital quote invested per order in USDT units {100.0}. This setting is only used when '(ZIG) Provider type' is set to 'Signal Provider'.
(CAPITAL) Capital percentage invested per order (%) {25.0}. This setting is only used when '(ZIG) Provider type' is set to 'Copy Trader Provider'.
__ SETTINGS - Misc
(ZIG) Enable Alert message {True}: Whether to enable alert message or not.
(DEBUG) Enable debug on order comments {True}: Whether to show alerts on order comments or not.
Number of decimal digits for Prices {2}.
(DECIMAL) Maximum number of decimal for contracts {3}.
__ SETTINGS - Zignaly
(ZIG) Integration type {TradingView only}: Hybrid : Both TradingView and Zignaly handle take profit, trailing stops and stop losses. Useful if you are scared about TradingView not firing an alert. It might arise problems if TradingView and Zignaly get out of sync. TradingView only : TradingView sends entry and exit orders to Zignaly so that Zignaly only buys or sells. Zignaly won't handle stop loss or other settings on its own.
(ZIG) Zignaly Alert Type {WebHook}: 'Email' or 'WebHook'.
(ZIG) Provider type {Copy Trader Provider}: 'Copy Trader Provider' or 'Signal Provider'. 'Copy Trader Provider' sends a percentage to manage. 'Signal Provider' sends a quote to manage.
(ZIG) Exchange: 'Binance' or 'Kucoin'.
(ZIG) Exchange Type {Spot}: 'Spot' or 'Futures'.
(ZIG) Leverage {1}. Set it to '1' when '(ZIG) Exchange Type' is set to 'Spot'.
__ SETTINGS - Strategy
(STRAT) Strategy Type: 'Long and Short', 'Long Only' or 'Short Only'.
(STOPTAKE) Take Profit? {false}: Whether to enable Take Profit.
(STOPTAKE) Stop Loss? {True}: Whether to enable Stop Loss.
(TRAILING) Enable Trailing Take Profit (%) {True}: Whether to enable Trailing Take Profit.
(STOPTAKE) Take Profit % {3.0}: Take profit percentage. This setting is only used when '(STOPTAKE) Take Profit?' setting is set to true.
(STOPTAKE) Stop Loss % {2.0}: Stop loss percentage. This setting is only used when '(STOPTAKE) Stop Loss?' setting is set to true.
(TRAILING) Trailing Take Profit Trigger (%) {2.5}: Trailing Stop Trigger Percentage. This setting is only used when '(TRAILING) Enable Trailing Take Profit (%)' setting is set to true.
(TRAILING) Trailing Take Profit as a percentage of Trailing Take Profit Trigger (%) {25.0}: Trailing Stop Distance Percentage. This setting is only used when '(TRAILING) Enable Trailing Take Profit (%)' setting is set to true.
(RECENT) Number of minutes to wait to open a new order after the previous one has been opened {6}.
DEFAULT SETTINGS
By default this strategy has been setup with these beginner settings:
'(ZIG) Integration type' : TradingView only
'(ZIG) Provider type' : 'Copy Trader Provider'
'(ZIG) Exchange' : 'Binance'
'(ZIG) Exchange Type' : 'Spot'
'(STRAT) Strategy Type' : 'Long Only'
'(ZIG) Leverage' : '1' (Or no leverage)
but you can change those settings if needed.
FIRST STEP
For both future of spot markets you should make sure to change '(ZIG) Zignaly Alert Type' to match either WebHook or Email. If you have a non paid account in TradingView as in October 2020 you would have to use Email which it's free to use.
RECOMMENDED SETTINGS
__ RECOMMENDED SETTINGS - Spot markets
'(ZIG) Exchange Type' setting should be set to 'Spot'
'(STRAT) Strategy Type' setting should be set to 'Long Only'
'(ZIG) Leverage' setting should be set to '1'
__ RECOMMENDED SETTINGS - Future markets
'(ZIG) Exchange Type' setting should be set to 'Futures'
'(STRAT) Strategy Type' setting should be set to 'Long and Short'
'(ZIG) Leverage' setting might be changed if desired.
__ RECOMMENDED SETTINGS - Signal Providers
'(ZIG) Provider type' setting should be set to 'Signal Provider'
'(CAPITAL) Capital quote invested per order in USDT units' setting might be changed if desired.
__ RECOMMENDED SETTINGS - Copy Trader Providers
'(ZIG) Provider type' setting should be set to 'Copy Trader Provider'
'(CAPITAL) Capital percentage invested per order (%)' setting might be changed if desired.
Strategy Properties setting: 'Initial Capital' might be changed if desired.
INTEGRATION TYPE EXPLANATION
'Hybrid': Both TradingView and Zignaly handle take profit, trailing stops and stop losses. Useful if you are scared about TradingView not firing an alert. It might arise problems if TradingView and Zignaly get out of sync.
'TradingView only': TradingView sends entry and exit orders to Zignaly so that Zignaly only buys or sells. Zignaly won't handle stop loss or other settings on its own.
HOW TO USE THIS STRATEGY
Beginner: Copy and paste the strategy and change it to your needs. Turn off '(DEBUG) Enable debug on order comments' setting.
Medium: Reuse functions and inputs from this strategy into your own as if it was a library.
Advanced: Check Strategy Tester. List of trades. Copy and paste the different suggested 'alert_message' variable contents to your script.
Expert: I needed a way to pass data from TradingView script to the alert. Now I know it's the 'alert_message' variable. I can do this own my own.
ALERTS SETUP
This is the important piece of information that allows you to connect TradingView to Zignaly in a semi-automatic manner.
__ ALERTS SETUP - WebHook
Webhook URL: https : // zignaly . com / api / signals.php?key=MYSECRETKEY
Message: { {{strategy.order.alert_message}} , "key" : "MYSECRETKEY" }
__ ALERTS SETUP - Email
Setup a new Hotmail account
Add it as an 'SMS email' in TradingView Profile settings page.
Confirm your own the email address
Create a rule in your Hotmail account that 'Redirects' (not forwards) emails to 'signals @ zignaly . email' when (1): 'Subject' includes 'Alert', (2): 'Email body' contains string 'MYZIGNALYREDIRECTTRIGGER' and (3): 'From' contains 'noreply @ tradingview . com'.
In 'More Actions' check: Send Email-to-SMS
Message: ||{{strategy.order.alert_message}}||key=MYSECRETKEY||
MYZIGNALYREDIRECTTRIGGER
'(DEBUG) Enable debug on order comments' is turned on by default so that you can see in the Strategy Tester. List of Trades. The different orders alert_message that would have been sent to your alert. You might want to turn it off it some many letters in the screen is problem.
STRATEGY ADVICE
If you turn on 'Take Profit' then turn off 'Trailing Take Profit'.
ZIGNALY SIDE ADVICE
If you are a 'Signal Provider' make sure that 'Allow reusing the same signalId if there isn't any open position using it?' setting in the profile tab is set to true.
You can find your 'MYSECRETKEY' in your 'Copy Trader/Signal' provider Edit tab at 'Signal URL'.
ADDITIONAL ZIGNALY DOCUMENTATION
docs . zignaly . com / signals / how-to -- How to send signals to Zignaly
3 Ways to send signals to Zignaly
SIGNALS
FINAL REMARKS
This strategy tries to match the Pine Script Coding Conventions as best as possible.
Hammer Long strategy with filtered and enforced alertsA Hammer Long strategy is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near opening price. This pattern forms a hammer-shaped candlestick , in which the lower shadow is at least twice the size of the real body. The body of the candlestick represents the difference between the open and closing prices, while the shadow shows the high and low prices for the period.
Key takeaways:
Hammers have a small real body and a long lower shadow.
Hammers occur after a price decline.
The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open.
The close can be above or below the open, although the close should be near the open in order for the real body to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside.
The strategy enhances standard Hammer pattern accuracy by clearing out market noises and manipulations from the indicator's triggers. Combination of Volume oscillator filter and Directional Movement Index (DMI) components values adjustments allows to detect only strong signals. The strategy is developed to forecast Long positions entries and exits. The strategy supports spot, futures, options and marginal trading exchanges. It works accurately with BTC, USD, USDT, ETH and BNB quote currencies. Best to use with 30 and 60 minutes timeframe charts. The strategy can be and should be configured for each particular asset. You can change filters and risk management settings to receive the most advanced accurate alerts
Advantages of this script:
1. Weak signals and market noises are filtered. This allows to receive only strong and confirmed alerts
2. Strategy can be easily configured in user interface for each particular asset
3. High performance. At the chart you can see examples of strategy entries and exits, you also can check strategy backtest for RENUSDT position:
Net profit: 26.95%
Percent profitable: 90%
Profit factor: 7.418
Duration of trade: 16 hours
How to use?
1. Apply indicator to the trading pair your are interested in at 30m or 60m timeframe chart
2. Configure the strategy: change filters values and risk management settings until Strategy tester shows good results according to mathematical expectation
3. Set up a TradingView alert to trigger when Hammer strategy conditions are met
4. Strategy will send alerts when to enter and when to exit positions
If you want to obtain access to the indicator please send us a personal message
[NLX-L3] Backtest- Introduction -
This backtest module is part of my new modular trading framework - however it can be used with any indicator that has a signal plot output (1 = long / -1 = short)
I chose to release this one first, I've got all the modules for the framework ready and they going to be released in the coming days. Got to start somewhere... ;)
This trading framework is the result of many years experience building indicators and trading strategies.
I couldn’t find a trading framework in Pine Script that would suit my needs and so I started to design my own from scratch. I’m trading with this framework myself so I’ve made sure that it’s flexible and absolutely reliable in a live-trading environment.
- Architecture -
What makes this framework so flexible is the modular architecture, different layers that all serve a very specific purpose.
You will notice that the module names include either L1 - L2 or L3:
- Layer 1 (L1) is the base layer and the foundation. L1 indicators are used to determine the trend, volume profile and filter noise. You would use L1 to see if it’s a good time to trade, what is the direction - or if it's better to trade at all in unfavourable conditions
- Layer 2 (L2) receives the result of L1 and if the market conditions are good the L2 indicator looks for an optimal entry point to go long or short. It is possible to combine several L2 indicators and trigger a long/short signal only if all L2 indicators agree.
- Layer 3 (L3) receives the final signal from L2 and it’s where we can now backtest the result of our trading strategy and trigger trade alerts with help of the alert module.
- Features -
External Input Source (any indicator with signal plot can be used)
Safe Entries Option: Enter a trade only if the position is profitable ad the momentum allows
Pyramid Entries
Partial Take-Profit: %-Step Interval and Quantity per Step
Stop Methods: Trailing Stop, TP/SL with ATR Option, several type of stop bands...
Profit/Loss Label with Fee, Slippage and Leverage Calculation
- Upcoming Modules -
I'll release a couple of great indicators and filter in the coming days...
Trend Score (includes 10 different Trend and Filter algorithms)
Breakouts & Pullbacks
QQE++
True Range Filter
Support / Resistance
Consolidation Range Breakouts
- Alerts & Trading Automation -
Will be released shortly. Check my signature below.
Ruckard TradingLatinoThis strategy tries to mimic TradingLatino strategy.
The current implementation is beta.
Si hablas castellano o espanyol por favor consulta MENSAJE EN CASTELLANO más abajo.
It's aimed at BTCUSDT pair and 4h timeframe.
STRATEGY DEFAULT SETTINGS EXPLANATION
max_bars_back=5000 : This is a random number of bars so that the strategy test lasts for one or two years
calc_on_order_fills=false : To wait for the 4h closing is too much. Try to check if it's worth entering a position after closing one. I finally decided not to recheck if it's worth entering after an order is closed. So it is false.
calc_on_every_tick=false
pyramiding=0 : We only want one entry allowed in the same direction. And we don't want the order to scale by error.
initial_capital=1000 : These are 1000 USDT. By using 1% maximum loss per trade and 7% as a default stop loss by using 1000 USDT at 12000 USDT per BTC price you would entry with around 142 USDT which are converted into: 0.010 BTC . The maximum number of decimal for contracts on this BTCUSDT market is 3 decimals. E.g. the minimum might be: 0.001 BTC . So, this minimal 1000 amount ensures us not to entry with less than 0.001 entries which might have happened when using 100 USDT as an initial capital.
slippage=1 : Binance BTCUSDT mintick is: 0.01. Binance slippage: 0.1 % (Let's assume). TV has an integer slippage. It does not have a percentage based slippage. If we assume a 1000 initial capital, the recommended equity is 142 which at 11996 USDT per BTC price means: 0.011 BTC. The 0.1% slippage of: 0.011 BTC would be: 0.000011 . This is way smaller than the mintick. So our slippage is going to be 1. E.g. 1 (slippage) * 0.01 (mintick)
commission_type=strategy.commission.percent and commission_value=0.1 : According to: binance . com / en / fee / schedule in VIP 0 level both maker and taker fees are: 0.1 %.
BACKGROUND
Jaime Merino is a well known Youtuber focused on crypto trading
His channel TradingLatino
features monday to friday videos where he explains his strategy.
JAIME MERINO STANCE ON BOTS
Jaime Merino stance on bots (taken from memory out of a 2020 June video from him):
'~
You know. They can program you a bot and it might work.
But, there are some special situations that the bot would not be able to handle.
And, I, as a human, I would handle it. And the bot wouldn't do it.
~'
My long term target with this strategy script is add as many
special situations as I can to the script
so that it can match Jaime Merino behaviour even in non normal circumstances.
My alternate target is learn Pine script
and enjoy programming with it.
WARNING
This script might be bigger than other TradingView scripts.
However, please, do not be confused because the current status is beta.
This script has not been tested with real money.
This is NOT an official strategy from Jaime Merino.
This is NOT an official strategy from TradingLatino . net .
HOW IT WORKS
It basically uses ADX slope and LazyBear's Squeeze Momentum Indicator
to make its buy and sell decisions.
Fast paced EMA being bigger than slow paced EMA
(on higher timeframe) advices going long.
Fast paced EMA being smaller than slow paced EMA
(on higher timeframe) advices going short.
It finally add many substrats that TradingLatino uses.
SETTINGS
__ SETTINGS - Basics
____ SETTINGS - Basics - ADX
(ADX) Smoothing {14}
(ADX) DI Length {14}
(ADX) key level {23}
____ SETTINGS - Basics - LazyBear Squeeze Momentum
(SQZMOM) BB Length {20}
(SQZMOM) BB MultFactor {2.0}
(SQZMOM) KC Length {20}
(SQZMOM) KC MultFactor {1.5}
(SQZMOM) Use TrueRange (KC) {True}
____ SETTINGS - Basics - EMAs
(EMAS) EMA10 - Length {10}
(EMAS) EMA10 - Source {close}
(EMAS) EMA55 - Length {55}
(EMAS) EMA55 - Source {close}
____ SETTINGS - Volume Profile
Lowest and highest VPoC from last three days
is used to know if an entry has a support
VPVR of last 100 4h bars
is also taken into account
(VP) Use number of bars (not VP timeframe): Uses 'Number of bars {100}' setting instead of 'Volume Profile timeframe' setting for calculating session VPoC
(VP) Show tick difference from current price {False}: BETA . Might be useful for actions some day.
(VP) Number of bars {100}: If 'Use number of bars (not VP timeframe)' is turned on this setting is used to calculate session VPoC.
(VP) Volume Profile timeframe {1 day}: If 'Use number of bars (not VP timeframe)' is turned off this setting is used to calculate session VPoC.
(VP) Row width multiplier {0.6}: Adjust how the extra Volume Profile bars are shown in the chart.
(VP) Resistances prices number of decimal digits : Round Volume Profile bars label numbers so that they don't have so many decimals.
(VP) Number of bars for bottom VPOC {18}: 18 bars equals 3 days in suggested timeframe of 4 hours. It's used to calculate lowest session VPoC from previous three days. It's also used as a top VPOC for sells.
(VP) Ignore VPOC bottom advice on long {False}: If turned on it ignores bottom VPOC (or top VPOC on sells) when evaluating if a buy entry is worth it.
(VP) Number of bars for VPVR VPOC {100}: Number of bars to calculate the VPVR VPoC. We use 100 as Jaime once used. When the price bounces back to the EMA55 it might just bounce to this VPVR VPoC if its price it's lower than the EMA55 (Sells have inverse algorithm).
____ SETTINGS - ADX Slope
ADX Slope
help us to understand if ADX
has a positive slope, negative slope
or it is rather still.
(ADXSLOPE) ADX cut {23}: If ADX value is greater than this cut (23) then ADX has strength
(ADXSLOPE) ADX minimum steepness entry {45}: ADX slope needs to be 45 degrees to be considered as a positive one.
(ADXSLOPE) ADX minimum steepness exit {45}: ADX slope needs to be -45 degrees to be considered as a negative one.
(ADXSLOPE) ADX steepness periods {3}: In order to avoid false detection the slope is calculated along 3 periods.
____ SETTINGS - Next to EMA55
(NEXTEMA55) EMA10 to EMA55 bounce back percentage {80}: EMA10 might bounce back to EMA55 or maybe to 80% of its complete way to EMA55
(NEXTEMA55) Next to EMA55 percentage {15}: How much next to the EMA55 you need to be to consider it's going to bounce back upwards again.
____ SETTINGS - Stop Loss and Take Profit
You can set a default stop loss or a default take profit.
(STOPTAKE) Stop Loss % {7.0}
(STOPTAKE) Take Profit % {2.0}
____ SETTINGS - Trailing Take Profit
You can customize the default trailing take profit values
(TRAILING) Trailing Take Profit (%) {1.0}: Trailing take profit offset in percentage
(TRAILING) Trailing Take Profit Trigger (%) {2.0}: When 2.0% of benefit is reached then activate the trailing take profit.
____ SETTINGS - MAIN TURN ON/OFF OPTIONS
(EMAS) Ignore advice based on emas {false}.
(EMAS) Ignore advice based on emas (On closing long signal) {False}: Ignore advice based on emas but only when deciding to close a buy entry.
(SQZMOM) Ignore advice based on SQZMOM {false}: Ignores advice based on SQZMOM indicator.
(ADXSLOPE) Ignore advice based on ADX positive slope {false}
(ADXSLOPE) Ignore advice based on ADX cut (23) {true}
(STOPTAKE) Take Profit? {false}: Enables simple Take Profit.
(STOPTAKE) Stop Loss? {True}: Enables simple Stop Loss.
(TRAILING) Enable Trailing Take Profit (%) {True}: Enables Trailing Take Profit.
____ SETTINGS - Strategy mode
(STRAT) Type Strategy: 'Long and Short', 'Long Only' or 'Short Only'. Default: 'Long and Short'.
____ SETTINGS - Risk Management
(RISKM) Risk Management Type: 'Safe', 'Somewhat safe compound' or 'Unsafe compound'. ' Safe ': Calculations are always done with the initial capital (1000) in mind. The maximum losses per trade/day/week/month are taken into account. ' Somewhat safe compound ': Calculations are done with initial capital (1000) or a higher capital if it increases. The maximum losses per trade/day/week/month are taken into account. ' Unsafe compound ': In each order all the current capital is gambled and only the default stop loss per order is taken into account. That means that the maximum losses per trade/day/week/month are not taken into account. Default : 'Somewhat safe compound'.
(RISKM) Maximum loss per trade % {1.0}.
(RISKM) Maximum loss per day % {6.0}.
(RISKM) Maximum loss per week % {8.0}.
(RISKM) Maximum loss per month % {10.0}.
____ SETTINGS - Decimals
(DECIMAL) Maximum number of decimal for contracts {3}: How small (3 decimals means 0.001) an entry position might be in your exchange.
EXTRA 1 - PRICE IS IN RANGE indicator
(PRANGE) Print price is in range {False}: Enable a bottom label that indicates if the price is in range or not.
(PRANGE) Price range periods {5}: How many previous periods are used to calculate the medians
(PRANGE) Price range maximum desviation (%) {0.6} ( > 0 ): Maximum positive desviation for range detection
(PRANGE) Price range minimum desviation (%) {0.6} ( > 0 ): Mininum negative desviation for range detection
EXTRA 2 - SQUEEZE MOMENTUM Desviation indicator
(SQZDIVER) Show degrees {False}: Show degrees of each Squeeze Momentum Divergence lines to the x-axis.
(SQZDIVER) Show desviation labels {False}: Whether to show or not desviation labels for the Squeeze Momentum Divergences.
(SQZDIVER) Show desviation lines {False}: Whether to show or not desviation lines for the Squeeze Momentum Divergences.
EXTRA 3 - VOLUME PROFILE indicator
WARNING: This indicator works not on current bar but on previous bar. So in the worst case it might be VP from 4 hours ago. Don't worry, inside the strategy calculus the correct values are used. It's just that I cannot show the most recent one in the chart.
(VP) Print recent profile {False}: Show Volume Profile indicator
(VP) Avoid label price overlaps {False}: Avoid label prices to overlap on the chart.
EXTRA 4 - ZIGNALY SUPPORT
(ZIG) Zignaly Alert Type {Email}: 'Email', 'Webhook'. ' Email ': Prepare alert_message variable content to be compatible with zignaly expected email content format. ' Webhook ': Prepare alert_message variable content to be compatible with zignaly expected json content format.
EXTRA 5 - DEBUG
(DEBUG) Enable debug on order comments {False}: If set to true it prepares the order message to match the alert_message variable. It makes easier to debug what would have been sent by email or webhook on each of the times an order is triggered.
HOW TO USE THIS STRATEGY
BOT MODE: This is the default setting.
PROPER VOLUME PROFILE VIEWING: Click on this strategy settings. Properties tab. Make sure Recalculate 'each time the order was run' is turned off.
NEWBIE USER: (Check PROPER VOLUME PROFILE VIEWING above!) You might want to turn on the 'Print recent profile {False}' setting. Alternatively you can use my alternate realtime study: 'Resistances and supports based on simplified Volume Profile' but, be aware, it might consume one indicator.
ADVANCED USER 1: Turn on the 'Print price is in range {False}' setting and help us to debug this subindicator. Also help us to figure out how to include this value in the strategy.
ADVANCED USER 2: Turn on the all the (SQZDIVER) settings and help us to figure out how to include this value in the strategy.
ADVANCED USER 3: (Check PROPER VOLUME PROFILE VIEWING above!) Turn on the 'Print recent profile {False}' setting and report any problem with it.
JAIME MERINO: Just use the indicator as it comes by default. It should only show BUY signals, SELL signals and their associated closing signals. From time to time you might want to check 'ADVANCED USER 2' instructions to check that there's actually a divergence. Check also 'ADVANCED USER 1' instructions for your amusement.
EXTRA ADVICE
It's advised that you use this strategy in addition to these two other indicators:
* Squeeze Momentum Indicator
* ADX
so that your chart matches as close as possible to TradingLatino chart.
ZIGNALY INTEGRATION
This strategy supports Zignaly email integration by default. It also supports Zignaly Webhook integration.
ZIGNALY INTEGRATION - Email integration example
What you would write in your alert message:
||{{strategy.order.alert_message}}||key=MYSECRETKEY||
ZIGNALY INTEGRATION - Webhook integration example
What you would write in your alert message:
{ {{strategy.order.alert_message}} , "key" : "MYSECRETKEY" }
CREDITS
I have reused and adapted some code from
'Directional Movement Index + ADX & Keylevel Support' study
which it's from TradingView console user.
I have reused and adapted some code from
'3ema' study
which it's from TradingView hunganhnguyen1193 user.
I have reused and adapted some code from
'Squeeze Momentum Indicator ' study
which it's from TradingView LazyBear user.
I have reused and adapted some code from
'Strategy Tester EMA-SMA-RSI-MACD' study
which it's from TradingView fikira user.
I have reused and adapted some code from
'Support Resistance MTF' study
which it's from TradingView LonesomeTheBlue user.
I have reused and adapted some code from
'TF Segmented Linear Regression' study
which it's from TradingView alexgrover user.
I have reused and adapted some code from
"Poor man's volume profile" study
which it's from TradingView IldarAkhmetgaleev user.
FEEDBACK
Please check the strategy source code for more detailed information
where, among others, I explain all of the substrats
and if they are implemented or not.
Q1. Did I understand wrong any of the Jaime substrats (which I have implemented)?
Q2. The strategy yields quite profit when we should long (EMA10 from 1d timeframe is higher than EMA55 from 1d timeframe.
Why the strategy yields much less profit when we should short (EMA10 from 1d timeframe is lower than EMA55 from 1d timeframe)?
Any idea if you need to do something else rather than just reverse what Jaime does when longing?
FREQUENTLY ASKED QUESTIONS
FAQ1. Why are you giving this strategy for free?
TradingLatino and his fellow enthusiasts taught me this strategy. Now I'm giving back to them.
FAQ2. Seriously! Why are you giving this strategy for free?
I'm confident his strategy might be improved a lot. By keeping it to myself I would avoid other people contributions to improve it.
Now that everyone can contribute this is a win-win.
FAQ3. How can I connect this strategy to my Exchange account?
It seems that you can attach alerts to strategies.
You might want to combine it with a paying account which enable Webhook URLs to work.
I don't know how all of this works right now so I cannot give you advice on it.
You will have to do your own research on this subject. But, be careful. Automating trades, if not done properly,
might end on you automating losses.
FAQ4. I have just found that this strategy by default gives more than 3.97% of 'maximum series of losses'. That's unacceptable according to my risk management policy.
You might want to reduce default stop loss setting from 7% to something like 5% till you are ok with the 'maximum series of losses'.
FAQ5. Where can I learn more about your work on this strategy?
Check the source code. You might find unused strategies. Either because there's not a substantial increases on earnings. Or maybe because they have not been implemented yet.
FAQ6. How much leverage is applied in this strategy?
No leverage.
FAQ7. Any difference with original Jaime Merino strategy?
Most of the times Jaime defines an stop loss at the price entry. That's not the case here. The default stop loss is 7% (but, don't be confused it only means losing 1% of your investment thanks to risk management). There's also a trailing take profit that triggers at 2% profit with a 1% trailing.
FAQ8. Why this strategy return is so small?
The strategy should be improved a lot. And, well, backtesting in this platform is not guaranteed to return theoric results comparable to real-life returns. That's why I'm personally forward testing this strategy to verify it.
MENSAJE EN CASTELLANO
En primer lugar se agradece feedback para mejorar la estrategia.
Si eres un usuario avanzado y quieres colaborar en mejorar el script no dudes en comentar abajo.
Ten en cuenta que aunque toda esta descripción tenga que estar en inglés no es obligatorio que el comentario esté en inglés.
CHISTE - CASTELLANO
¡Pero Jaime!
¡400.000!
¡Tu da mun!
Random entry pointsIt is profitable strategy with random entry points.
A simple strategy involving random opening of trades. But such a strategy on large samples will demonstrate profit. Because the strategy adheres to the golden rule of trading: "Let profits rise and quickly stop losses."
Remember, exit points are very important. Many traders make the mistake of focusing all their attention on entry points.