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IMPORTANT:
Use on 1m candles. Thick red/green lines are supp/res, thin are fibonacci.
Seems to work consistently on GBPUSD, EURUSD, USDCHF maybe AUDUSD, on NZDUSD it goes way out of the Fib lines. That's the main issue I have, no matter what I put the inputs at, won't work on all charts. I would customize it for each chart, but with 1m candles I can't backtest far enough to know whether it's reliable. I got it up to 300% or even 500% but it was never consistent. Here are some ranges I was using for the inputs:
Look-Back Res.: 50 - 500
Look-Back Sup.: 50 - 500
Time In Stage 1: 15 - 150
Readjust: 15 - 150
How Steep for a break: 15 - 150
Spacer: 5 - 25
TP: 0.0006 - 0.0025 (feel free to try higher)
Goals:
Consistency. You can try on other candle sizes, I was just using 1m because the buys/sells are more accurate
Drawdown under $50 ideally
Avg # Bars in Trades as low as possible, to get out quickly and enter trade on different coin pair
Note: Currently using $200,000 account and buying in with about $180k when all 4 trades are in. So results are using ridiculously high risk just so I can see max possible drawdown.
Use on 1m candles. Thick red/green lines are supp/res, thin are fibonacci.
Seems to work consistently on GBPUSD, EURUSD, USDCHF maybe AUDUSD, on NZDUSD it goes way out of the Fib lines. That's the main issue I have, no matter what I put the inputs at, won't work on all charts. I would customize it for each chart, but with 1m candles I can't backtest far enough to know whether it's reliable. I got it up to 300% or even 500% but it was never consistent. Here are some ranges I was using for the inputs:
Look-Back Res.: 50 - 500
Look-Back Sup.: 50 - 500
Time In Stage 1: 15 - 150
Readjust: 15 - 150
How Steep for a break: 15 - 150
Spacer: 5 - 25
TP: 0.0006 - 0.0025 (feel free to try higher)
Goals:
Consistency. You can try on other candle sizes, I was just using 1m because the buys/sells are more accurate
Drawdown under $50 ideally
Avg # Bars in Trades as low as possible, to get out quickly and enter trade on different coin pair
Note: Currently using $200,000 account and buying in with about $180k when all 4 trades are in. So results are using ridiculously high risk just so I can see max possible drawdown.
Nota Keluaran
Forgot to erase some plotsNota Keluaran
Can't delete so just deleted lines and tradesSkrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
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.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
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.