Trend Hunter Scalping [Daddin Algo]

18 Mac

Trend Hunter Scalping [Daddin Algo] Strategy Description

This strategy is a comprehensive scalping system designed to capture high-frequency trading opportunities within short timeframes. It combines multiple technical indicators to assess trend direction, momentum, volatility, and volume dynamics. Importantly, all parameters are user-adjustable, allowing the strategy to be optimized for various market conditions and individual preferences.

Technical Indicators and Settings
EMA (Exponential Moving Average):
The EMA is calculated based on a user-defined period. Rather than being fixed (e.g., a 200-period EMA), the period is adjustable to suit different market conditions. The position of the price relative to the EMA helps confirm the overall trend.

RSI & RSIOver:
The Relative Strength Index (RSI) measures momentum and the speed of price changes. Entry signals are generated when the RSI crosses its moving average. Additionally, overbought and oversold thresholds (set by the user) add an extra layer of confirmation for the signals.

ADX:
The Average Directional Index (ADX) assesses the strength of the current trend. When the ADX is above a user-specified threshold, the signals are considered more reliable. This helps in filtering out signals during weak trending periods.

Bollinger Bands:
Bollinger Bands gauge market volatility. The settings—including the length and the multiplier—are adjustable, providing flexibility to accommodate tightening or expanding volatility conditions.

Parabolic SAR:
This indicator identifies dynamic support and resistance levels, confirming the trend direction and helping pinpoint potential entry and exit points.

Pivot Levels (Fibonacci):
Calculated from the previous period's high, low, and close, pivot points and Fibonacci levels indicate potential reversal points and serve as support and resistance levels. These levels provide context for setting trailing stops and managing risk.

Volume Filter:
A volume condition ensures that trading signals are only considered valid when the current volume exceeds a multiple of its short-term moving average. This filter is adjustable, helping to confirm the strength of the market move.

Daddin Line:
Derived from a short-term moving average of the closing prices with a user-defined offset, the Daddin Line acts as an additional confirmation tool. Its parameters can be customized to better align with specific trading environments.

Trading Logic and Management
Signal Direction and Entry:
The strategy can generate both long (buy) and short (sell) signals, or be limited to one direction based on user preference. Entry orders are executed when all the selected indicator conditions are met. Additionally, maximum consecutive trade limits are implemented to help control risk.

Exit & Take Profit:
Trades are exited automatically when a user-defined profit percentage is reached. This take-profit percentage is flexible, enabling adjustments to match different market conditions or trading goals.

Trailing Stop (Dynamic Stop Loss):
A trailing stop mechanism is implemented using Fibonacci pivot levels. Once a position is open, the stop loss is dynamically updated as the price moves favorably. This ensures that profits are protected while minimizing losses in case of a sudden reversal.

Additional Features and Backtesting
Time Filtering (Backtesting):
The strategy includes a date range filter for backtesting. Users can define the start and end dates to evaluate the strategy’s performance during specific market periods, making it easier to assess its historical effectiveness.

Customizable Parameters:
Every indicator and risk management setting is fully customizable. This adaptability allows traders to tailor the strategy to different assets, timeframes, and market environments, ensuring optimal performance across diverse trading scenarios.

Conclusion
The Trend Hunter Scalping [Daddin Algo] strategy effectively integrates multiple technical indicators to validate trends and manage risks efficiently. Its highly flexible, user-adjustable parameters make it adaptable to varying market conditions, providing traders with a robust framework for capturing quick trading opportunities.This strategy is designed to optimize both entry and exit points while offering comprehensive risk management controls.

20 Mac

Nota Keluaran

Added Updates
1. Pivot Condition updated to Zero Line
2. Increased difficulty level in trade entry locations
3. Increased stop conditions

21 Mac

Nota Keluaran

What has been added with the update:
1 Reverse Signal: Since our goal is to take short-term profit, if the selected indicators give a long signal, you will normally receive a short signal in this system. In this way, if you have lost in the position, it will add as much as the selected pyramiding number.
2. Stop Methods
In the classic system, the stop method was used according to the Fibonacci levels, with the addition, a stop condition was created according to the user's request, according to the % value or Atr method.

24 Mac

Nota Keluaran

Zero Line Stop Added

24 Mac

Nota Keluaran

Comment edited