This strategy is based on RSI divergence indicator.
RSI period setting 5
Go Long when Bull or Hidden Bull is shown
Exit when RSI goes above 75 OR when bear condition appears
RSI period setting 5
Go Long when Bull or Hidden Bull is shown
Exit when RSI goes above 75 OR when bear condition appears
Nota Keluaran:
just removed the unwanted indicator to make the chart clean ...
Nota Keluaran:
cleanup indicators
Nota Keluaran:
1. Look back period default setting updated to 3
2. strategy pyramiding default has been set to 2. (it would allow legging in to existing trade , when the same Long condition is met)
2. strategy pyramiding default has been set to 2. (it would allow legging in to existing trade , when the same Long condition is met)
Nota Keluaran:
I have added Take profit level parameter. Default value for this one is when RSI reaches 75.
I have tested GOOGL with below settings
> RSI 5, close, 3,1 and 75 which shows 87.21 % win rate and 7.059 profit factor.
> RSI 8, close, 3, 1 and 75 which shows 89.55 % win rate and 8.471 profit factor
> RSI 9, close, 3, 1 and 80 which shows 91.53 % win rate and 30.124 profit factor
Same settings might not work for all symbols , you need to tweak the settings to get the 75% win rate and at least 3 profit factor.
If I increase the take profit level to above 75 or RSI value above 5 , you might get Profit factor high, but number of trades reduces and number of bars in trades is high. I would say RSI above 5 and take profit level 80 and beyond works for Long Term ... (Investing style)
Happy Trading :-)
I have tested GOOGL with below settings
> RSI 5, close, 3,1 and 75 which shows 87.21 % win rate and 7.059 profit factor.
> RSI 8, close, 3, 1 and 75 which shows 89.55 % win rate and 8.471 profit factor
> RSI 9, close, 3, 1 and 80 which shows 91.53 % win rate and 30.124 profit factor
Same settings might not work for all symbols , you need to tweak the settings to get the 75% win rate and at least 3 profit factor.
If I increase the take profit level to above 75 or RSI value above 5 , you might get Profit factor high, but number of trades reduces and number of bars in trades is high. I would say RSI above 5 and take profit level 80 and beyond works for Long Term ... (Investing style)
Happy Trading :-)
Nota Keluaran:
I have added parameter to trail stop loss. if this is selected , position will be exited based ATR length and multiplier value.
When the position exits on Trailing Stop Loss , it displays comment TSL on the chart.
When the position exits on Trailing Stop Loss , it displays comment TSL on the chart.
Nota Keluaran:
Trailing stop Loss setting and calculation fine tuned.
if you select Trailing Stop Loss
ATR => Trailing stop loss is calaculated based on ATR length and ATR multiplier
PERC => Trailing Stop Loss calculated based on PERC mentioned in Stop Loss setting
NONE => This si default behaviour as published in original script
if you select Trailing Stop Loss
ATR => Trailing stop loss is calaculated based on ATR length and ATR multiplier
PERC => Trailing Stop Loss calculated based on PERC mentioned in Stop Loss setting
NONE => This si default behaviour as published in original script