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EB/TB V24: Fixed Risk Trend-Following (Elephant Bar / Trend Bar)

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This is an advanced trend-following strategy built around the Elephant Bar (EB) and Trend Bar (TB) candle patterns. It uses a fixed dollar risk per trade to automatically size positions and employs a sophisticated exit management system, including partial profit taking, a dynamic Trailing Stop Loss (SL), and a 180° immediate reversal mechanism.

Detailed Description
This strategy is designed for active trend capture and robust risk management:

Fixed Risk Position Sizing: Automatically calculates trade quantity based on a defined maximum dollar risk (mlpt_max_risk) and the initial Stop Loss placement.

Trend Identification: Entries are triggered by confirmed Elephant Bars (strong momentum candles) or Trend Bars, filtered by two short-term MAs (MA #1, MA #2) and a long-term MA (MA #3 / MA200) for context.

Dual Exit Management:

Partial Take Profit (50%): Half the position is closed at a fixed profit target (tp_fixed_pct).

Dynamic Trailing SL (50%): The remaining 50% is protected by a Trailing SL that adjusts based on the low/high of subsequent valid EB/TB signals, maximizing trend ride duration.

Emergency Exits:

SAma Exit: Uses the crossing of the price below/above the MA #1 (short period) as a dynamic exit criterion.

180° Reversal: Features an immediate close (Cap8) and reverse (180) entry when a strong, unfiltered opposite raw EB signal appears.

Note: This published version only displays the Moving Averages, the entry signals, and the Take Profit lines for a clean chart view.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.