Trend Trader-Remastered Strategy

21 Dis

Official Strategy for Trend Trader - Remastered

Indicator: Trend Trader-Remastered (TTR)

Overview:
The Trend Trader-Remastered is a refined and highly sophisticated implementation of the Parabolic SAR designed to create strategic buy and sell entry signals, alongside precision take profit and re-entry signals based on marked Bill Williams (BW) fractals. Built with a deep emphasis on clarity and accuracy, this indicator ensures that only relevant and meaningful signals are generated, eliminating any unnecessary entries or exits.

Please check the indicator details and updates via the link above.

Important Disclosure:
My primary objective is to provide realistic strategies and a code base for the TradingView Community. Therefore, the default settings of the strategy version of the indicator have been set to reflect realistic world trading scenarios and best practices.

Key Features:

• Strategy execution date&time range.
  
• Take Profit Reduction Rate: The percentage of progressive reduction on active position size for take profit signals.
  Example:
  TP Reduce: 10%
  Entry Position Size: 100
  TP1: 100 - 10 = 90
  TP2: 90 - 9 = 81
  
• Re-Entry When Rate: The percentage of position size on initial entry of the signal to determine re-entry.
  Example:
  RE When: 50%
  Entry Position Size: 100
  Re-Entry Condition: Active Position Size < 50
  
• Re-Entry Fill Rate: The percentage of position size on initial entry of the signal to be completed.
  Example:
  RE Fill: 75%
  Entry Position Size: 100
  Active Position Size: 50
  Re-Entry Order Size: 25
  Final Active Position Size:75
  

Important: Even RE When condition is met, the active position size required to drop below RE Fill rate to trigger re-entry order.

Key Points:

• 'Process Orders on Close' is enabled as Take Profit and Re-Entry signals must be executed on candle close.
  
• 'Calculate on Every Tick' is enabled as entry signals are required to be executed within candle time.
  
• 'Initial Capital' has been set to 10,000 USD.
  
• 'Default Quantity Type' has been set to 'Percent of Equity'.
  
• 'Default Quantity' has been set to 10% as the best practice of investing 10% of the assets.
  
• 'Currency' has been set to USD.
  
• 'Commission Type' has been set to 'Commission Percent'
  
• 'Commission Value' has been set to 0.05% to reflect the most realistic results with a common taker fee value.