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AlgoChadLin's BITCOIN H1 Breakout Strategy No.545

Strategy Overview
AlgoChadLin's BITCOIN H1 Breakout Strategy No.545 is a sophisticated breakout trading system designed for Bitcoin on the H1 timeframe. It integrates multiple volatility and price action indicators to identify high-probability breakout opportunities, aiming to capitalize on significant market movements.
Auther: algochadlin
Strategy Logic
Breakout Confirmation: Utilizes a combination of Average True Range (ATR) and Bollinger Bands to identify periods of low volatility followed by sharp price movements.
Long: Initiated when the price breaks above the previous hour's upper Bollinger Band, with ATR confirming increased volatility.
Short: Triggered when the price breaks below the previous hour's lower Bollinger Band, with ATR indicating heightened volatility.
Parameters
Setup
AlgoChadLin's BITCOIN H1 Breakout Strategy No.545 is a sophisticated breakout trading system designed for Bitcoin on the H1 timeframe. It integrates multiple volatility and price action indicators to identify high-probability breakout opportunities, aiming to capitalize on significant market movements.
Auther: algochadlin
Strategy Logic
Breakout Confirmation: Utilizes a combination of Average True Range (ATR) and Bollinger Bands to identify periods of low volatility followed by sharp price movements.
Long: Initiated when the price breaks above the previous hour's upper Bollinger Band, with ATR confirming increased volatility.
Short: Triggered when the price breaks below the previous hour's lower Bollinger Band, with ATR indicating heightened volatility.
Parameters
- Price Entry Multiplier: Adjusts the entry price relative to the breakout level.
- Exit After Bars: Specifies the number of bars to hold the position before exiting.
- Profit Target (%): Defines the percentage gain at which to take profit.
- Stop Loss Coefficient: Multiplier for ATR to calculate stop-loss distance.
- Trailing Stop Coefficients: Defines the trailing stop parameters.
- Biggest Range Period: Determines the lookback period for identifying the largest price range.
Setup
- Timeframe: 1-Hour (H1)
- Asset: Bitcoin, also suitable for ETH
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.