Timeshifter Triple Timeframe Strategy w/ SessionsOverview
The "Enhanced Timeshifter Triple Timeframe Strategy with Session Filtering" is a sophisticated trading strategy designed for the TradingView platform. It integrates multiple technical indicators across three different timeframes and allows traders to customize their trading Sessions. This strategy is ideal for traders who wish to leverage multi-timeframe analysis and session-based trading to enhance their trading decisions.
Features
Multi-Timeframe Analysis and direction:
Higher Timeframe: Set to a daily timeframe by default, providing a broader view of market trends.
Trading Timeframe: Automatically set to the current chart timeframe, ensuring alignment with the trader's primary analysis period.
Lower Timeframe: Set to a 15-minute timeframe by default, offering a granular view for precise entry and exit points.
Indicator Selection:
RMI (Relative Momentum Index): Combines RSI and MFI to gauge market momentum.
TWAP (Time Weighted Average Price): Provides an average price over a specified period, useful for identifying trends.
TEMA (Triple Exponential Moving Average): Reduces lag and smooths price data for trend identification.
DEMA (Double Exponential Moving Average): Similar to TEMA, it reduces lag and provides a smoother trend line.
MA (Moving Average): A simple moving average for basic trend analysis.
MFI (Money Flow Index): Measures the flow of money into and out of a security, useful for identifying overbought or oversold conditions.
VWMA (Volume Weighted Moving Average): Incorporates volume data into the moving average calculation.
PSAR (Parabolic SAR): Identifies potential reversals in price movement.
Session Filtering:
London Session: Trade during the London market hours (0800-1700 GMT+1).
New York Session: Trade during the New York market hours (0800-1700 GMT-5).
Tokyo Session: Trade during the Tokyo market hours (0900-1800 GMT+9).
Users can select one or multiple sessions to align trading with specific market hours.
Trade Direction:
Long: Only long trades are permitted.
Short: Only short trades are permitted.
Both: Both long and short trades are permitted, providing flexibility based on market conditions.
ADX Confirmation:
ADX (Average Directional Index): An optional filter to confirm the strength of a trend before entering a trade.
How to Use the Script
Setup:
Add the script to your TradingView chart.
Customize the input parameters according to your trading preferences and strategy requirements.
Indicator Selection:
Choose the primary indicator you wish to use for generating trading signals from the dropdown menu.
Enable or disable the ADX confirmation based on your preference for trend strength analysis.
Session Filtering:
Select the trading sessions you wish to trade in. You can choose one or multiple Sessions based on your trading strategy and market focus.
Trade Direction:
Set your preferred trade direction (Long, Short, or Both) to align with your market outlook and risk tolerance. You can use this feature to gauge the market and understand the possible directions.
Tips for Profitable and Safe Trading:
Recommended Timeframes Combination:
LT: 1m , CT: 5m, HT: 1H
LT: 1-5m , CT: 15m, HT: 4H
LT: 5-15m , CT: 4H, HT: 1W
Backtesting:
Always backtest the strategy on historical data to understand its performance under various market conditions.
Adjust the parameters based on backtesting results to optimize the strategy for your specific trading style.
Risk Management:
Use appropriate risk management techniques, such as setting stop-loss and take-profit levels, to protect your capital.
Avoid over-leveraging and ensure that you are trading within your risk tolerance.
Market Analysis:
Combine the script with other forms of market analysis, such as fundamental analysis or market sentiment, to make well-rounded trading decisions.
Stay informed about major economic events and news that could impact market volatility and trading sessions.
Continuous Monitoring:
Regularly monitor the strategy's performance and make adjustments as necessary.
Keep an eye on the results and settings for real-time statistics and ensure that the strategy aligns with current market conditions.
Education and Practice:
Continuously educate yourself on trading strategies and market dynamics.
Practice using the strategy in a demo account before applying it to live trading to gain confidence and understanding.
Profit
Stx Monthly Trades ProfitMonthly profit displays profits in a grid and allows you to know the gain related to the investment during each month.
The profit could be computed in terms of gain/trade_cost or as percentage of equity update.
Settings:
- Profit: Monthly profit percentage or percentage of equity
- Table position
This strategy is intended only as a container for the code and for testing the script of the profit table.
Setting of strategy allows to select the test case for this snippet (percentage grid).
Money management: not relevant as strategy is a test case.
This script stand out as take in account the gain of each trade in relation to the capital invested in each trade. For example consider the following scenario:
Capital of 1000$ and we invest a fixed amount of 1000$ (I know is too risky but is a good example), we gain 10% every month.
After 10 months our capital is of 2000$ and our strategy is perfect as we have the same performance every month.
Instead, evaluating the percentage of equity we have 10% the first month, 9.9% the second (1200$/1100$ - 1) and 5.26% the tenth month. So seems that strategy degrade with times but this is not true.
For this reason, to evaluate my strategy I prefer to see the montly return of investment.
WARNING: The strategy provided with this script is only a test case and allows to see the behavior with different "trades" management, for these reason commision are set to zero.
At the moment only the provided test cases are handled:
test 1 - single entry and single exit;
test 2 - single entry and multiple exits;
test 3 - single entry and switch position;
BTC Profitable Wallets StrategyBTC Profitable Wallets Strategy - plots the percentage of profitable BTC wallets and places long orders when the profitable wallet share crosses above 50%, historically a very accurate point to catch the next Bull Run early.
The only setting is a smoothing option using the Moving Average method and length of your choice.
On Chain Data is queried from IntoTheBlock.
This is a 'HODL' strategy, with no exit given. If you'd like to see the historical performance check the Open Profit or place a sell order at the current date.
Ichimoku Cloud with ADX (By Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI , the trend is weak or moving on the downside. The ADX does not give an indication about the direction but about the strength of the trend.
Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach.
Trading on high values of ADX , the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse.
This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades.
Long/Short orders are placed when these basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
MACD line crosses over the signal line
-DI is greater than +DI
ADX is greater than 45
Short Position:
Tenkan-Sen is below the Kijun-Sen
Chikou-Span is below the close of 26 bars ago
Close is below the Kumo Cloud
MACD line crosses under the signal line
+DI is greater than -DI
ADX is less than 45
The script is backtested from 1 January 2022 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on MATIC (15m timeframe), ETH (5m timeframe), and SOL (15m timeframe).
ALMA/EMA/SRSI Strategy + IndicatorBack with another great high hit rate strategy!!
Disclaimer* This strategy was sampled using source code written by @ClassicScott , as referred to in the script, there is a clear line where the source code was scripted by myself.
This Strategy consists of three key factors, the ALMA, EMA crossover, and a Stochastic Rsi
ALMA: The Alma is the step line shown, turning green and red at select times. This average value gives general oversight of the macro movement of price action. and this particular one was coded by Mr.ClassicScott.
EMA crossover: At the input screen you are given an option of the fast and slow ema's. The default is solely for the hit rate and correlation to the Alma of this strategy. The arrows you see depicted on the chart are the crossover events happening.
Stochastic Rsi: The Stochastic Rsi is a stochastic value, using data sampled from the rsi. The use of this indicator in my strategy is to prevent entries when too overbought and oversold, as well as closures and vice versa, to prevent holding bags either way.
Fixed % TP: In the input screen you are given a take profit and stop loss percentage, for good R/R the hit rate will take a notch down, but with no R/R it will be near perfect.
How to use this:
Add it to your chart to get the strategy inputs. (The strategy is really only useful on a 15min TF. However the indicator within it can be used on anything at anytime!)
Watch the yellow and aqua moving averages, these are your ema's and crossover's will trigger signals based on your integer inputs.
Find Correlation between other leading indicators, as well as crossover's down/up and a red/green alma.
DO NOT use the arrows as buy/sell signals. These are simply to show ema's are crossing under or over. Momentum indicator's paired with this can be useful to determine if it could be a buy signal or sell signal.
Cheat Code's Notes:
Almost at 1000 boosts!!! I appreciate the support from everyone and I will keep trying my best to deliver quality strategies for the people.
-Cheat Code
BYBIT:BTCUSDT
Ichimoku Cloud with MACD (By Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
The MACD is a trend following momentum indicator and provides identification of short-term trend direction. In this variation it utilises the 12-period as the fast and 26-period as the slow length EMAs, with signal smoothing set at 9.
This strategy combines the Ichimoku Cloud with the MACD indicator to better enter trades.
Long/Short orders are placed when three basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
MACD line crosses over the signal line
Short Position:
Tenkan-Sen is below the Kijun-Sen
Chikou-Span is below the close of 26 bars ago
Close is below the Kumo Cloud
MACD line crosses under the signal line
The script is backtested from 1 June 2022 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on MATIC (1h timeframe), AVA (45m timeframe), and BTC (30m timeframe).
Short Term RSI and SMA Percentage ChangeThis strategy utilises common indicators like RSI and moving averages in order to enter and exit trades. The Relative Strength Index (RSI) is a momentum indicator that has a value between 0 and 100, where a value greater than 70 is considered overbought and a value less than 30 is oversold. If the RSI value is above or below these values, then it can signal a possible trend reversal.
The second indicator used in this strategy is the Simple Moving Average (SMA). A SMA is an arithmetic moving average calculated by adding recent prices and then dividing that figure by the number of time periods in the calculation average. For example, one could add the closing price of a coin for a number of time periods and then divide this total by that same number of periods. Short-term averages respond quickly to changes in the price of the underlying coin, while long-term averages are slower to react.
Long/Exit orders are placed when three basic signals are triggered.
Long Position:
RSI is greater than 50
MA9 is greater than MA100
MA9 increases by 6%
Exit Position:
Price increases 5% trailing
Price decreases 5% trailing
The script is backtested from 1 May 2022 and provides good returns.
A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on AVAX 45m/1h, MATIC 15m/45m/1h and ETH 4h.
Ichimoku Cloud with RSI (By Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
This strategy combines the Ichimoku Cloud with the RSI indicator to better enter trades.
Long/Short orders are placed when three basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
RSI is greater less than 50
Short Position:
Tenkan-Sen is below the Kijun-Sen
Chikou-Span is below the close of 26 bars ago
Close is below the Kumo Cloud
RSI is greater than 50
The script is backtested from 1 June 2022 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on SOL (45m timeframe), BNB (1h timeframe), and ETH (1h timeframe).
Bitcoin Scalping Strategy (Sampled with: PMARP+MADRID MA RIBBON)
DISCLAIMER:
THE CONTENT WITHIN THIS STRATEGY IS CREATED FROM TWO INDICATORS CREATED BY TWO PINESCRIPTER'S. THE STRATEGY WAS EXECUTED BY MYSELF AND REVERSE-ENGINEERED TO MEET THE CONDITIONS OF THE INTENDED STRATEGY REQUESTOR. I DO NOT TAKE CREDIT FOR THE CONTENT WITHIN THE ESTABLISHED LINES MADE CLEAR BY MYSELF.
The Sampled Scripts and creators:
PMAR/PMARP by @The_Caretaker Link to original script:
Madrid MA RIBBON BAR by @Madrid Link to original script:
Cheat Code's strategy notes:
This sampled strategy (Requested by @elemy_eth) is one combining previously created studies. I reverse-engineered the local scope for the Madrid moving average color plots and set entry and exit conditions for certain criteria met. This strategy is meant to deliver an extremely high hit rate on a daily time frame. This is made possible because of the very low take profit percentage, during the context of a macro downtrend it is made easier to hit 1-3% scalps which is made visible with the strategy using sampled scripts I created here.
How it works:
Entry Conditions:
-Enter Long's if the lime color conditions are met true using the script detailed by Marid's MA
- No re-entry into positions needs to be met true (this prevents pyramiding of orders due to conditions being met true) applicable to both long and short side entries.
- To increase hit rate and prevent traps both the parameters of rsi being sub 80 and no previously engulfing candles need to be met true to enter a long position.
- Enter Short's if the red color conditions of Madrid's moving average are met true.
- Closing Long positions are typically not met within this indicator, however, it still sometimes triggers if necessary. This consists of a pmarp sub 99 and a position size greater than 0.0
- Closing Short positions are typically not met within this indicator, however, it still sometimes triggers if necessary. This consists of a pmarp over 01 and a position size less than 0.0
- Stop Loss: 27.75% Take Profit: 1% (Which does not trigger on ticks over 1% so you will see average trade profits greater than 1%)
BYBIT:BTCUSDT BINANCE:BTCUSDT COINBASE:BTCUSD
Best Of Luck :)
-CheatCode1
Inverse MACD + DMI Scalping with Volatility Stop (By Coinrule)This script is focused on shorting during downtrends and utilises two strength based indicators to provide confluence that the start of a short-term downtrend has occurred - catching the opportunity as soon as possible.
This script can work well on coins you are planning to hodl for long-term and works especially well whilst using an automated bot that can execute your trades for you. It allows you to hedge your investment by allocating a % of your coins to trade with, whilst not risking your entire holding. This mitigates unrealised losses from hodling as it provides additional cash from the profits made. You can then choose to hodl this cash, or use it to reinvest when the market reaches attractive buying levels.
Alternatively, you can use this when trading contracts on futures markets where there is no need to already own the underlying asset prior to shorting it.
ENTRY
The trading system uses the Momentum Average Convergence Divergence (MACD) indicator and the Directional Movement Index (DMI) indicator to confirm when the best time is for selling. Combining these two indicators prevents trading during uptrends and reduces the likelihood of getting stuck in a market with low volatility.
The MACD is a trend following momentum indicator and provides identification of short-term trend direction. In this variation it utilises the 12-period as the fast and 26-period as the slow length EMAs, with signal smoothing set at 9.
The DMI indicates what way price is trending and compares prior lows and highs with two lines drawn between each - the positive directional movement line (+DI) and the negative directional movement line (-DI). The trend can be interpreted by comparing the two lines and what line is greater. When the negative DMI is greater than the positive DMI, there are more chances that the asset is trading in a sustained downtrend, and vice versa.
The system will enter trades when two conditions are met:
1) The MACD histogram turns bearish.
2) When the negative DMI is greater than the positive DMI.
EXIT
The strategy comes with a fixed take profit combined with a volatility stop, which acts as a trailing stop to adapt to the trend's strength. Depending on your long-term confidence in the asset, you can edit the fixed take profit to be more conservative or aggressive.
The position is closed when:
Take-Profit Exit: +8% price decrease from entry price.
OR
Stop-Loss Exit: Price crosses above the volatility stop.
In general, this approach suits medium to long term strategies. The backtesting for this strategy begins on 1 April 2022 to 18 July 2022 in order to demonstrate its results in a bear market. Back testing it further from the beginning of 2022 onwards further also produces good returns.
Pairs that produce very strong results include SOLUSDT on the 45m timeframe, MATICUSDT on the 2h timeframe, and AVAUSDT on the 1h timeframe. Generally, the back testing suggests that it works best on the 45m/1h timeframe across most pairs.
A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
TSI CCI Hull with profit$$$This is a modified version of @SeaSide420 TSI CCI Hull with profits exit on long and short order
ORIGINAL SCRIPT:
/// /// feel free to edit/improve and comment
SMA Cross strategyThis is a simple strategy which is always profitable and trades better than most premium channels and I give it out for free :)
Working very good on ETHUSDT futures on binance :)
FTSMA - Trend is your frendThis my new solid strategy: if you belive that "TREND IS YOUR FRIEND" this is for you!
I have tested with many pairs and at many timeframes and have profit with just minor changes in settings.
I suggest to use it for intraday trading .
VERY IMPORTANT NOTE: this is a trend following strategy, so the target is to stay in the trade as much as possible. If your trading style is more focused on scalping and/or pullbaks, this strategy is not for you.
This strategy uses moving averages applied to Fourier waves for forecasting trend direction.
How strategy works:
- Buy when fast MA is above mid MA and price is above slow MA, which acts as a trend indicator.
- Sell when fast MA is below mid MA and price is below slow MA, which acts as a trend indicator.
Strategy uses a lot of pyramiding orders because when you are in a flat market phase it will close 1 or 2 orders with a loss, but when a big trend starts, it will have profit in a lot of orders.
So, if you analize carefully the strategy results, you will note that "Percent Profitable" is very low (30% in this case) because strategy opened a lot of orders also in flat markets with small losses, BUT "Avg # bars in winning trades" is very high and overall Profit is very high: when a big trend starts, orders are kept open for long time generating big profits.
Thanks to all pinescripters mentioned in the code for their snippets.
I have also a study with alerts. Next improvement (only to whom is interested to this script and follows me): study with alerts on multiple tickers all at one. Leave a comment if you want to have access to study.
HOW TO USE STRATEGY AND STUDY TOGHETER:
1- Add to chart the strategy first, so your workspace will be as clean as possible.
2- Open the Strategy Tester tab at footer of the page.
3- Modify settings to get best results (Profit, Profit Factor, Drawdown).
4- Add study with alerts to your chart with same setting of strategy.
I WILL PROVIDE A DETAILED QUICK INSTALLATION GUIDE WITH THE STUDY!
Please use comment section for any feedback or contact me if you need support.
Fixed Percent Stop Loss & Take Profit %===========
Fixed Percent Stop Loss & Take Profit %
===========
A neat example of how to set up Fixed Stops and Take Profit as a percent of the entry price.
Yup, that's about it!
You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT really profitable and NOT recommended!
You should be using this code as a way of adding Stops and Takes to your own scripts - hope it helps!
-----------
Good Luck and Happy Trading!
FRAMA - Supertrend strategyFRAMA Strategy
I found this strategy on internet, in a well-known forex forum.
I have translated the two indicators mentioned in that strategy (originally in mq4) in pine script.
Thanks to Fractured and Shizaru for the FRAMA snippets, to mejialucas for Supertrend snippet, to JayRogers for trade management snippet and to Trost for backtesting snippet.
I also added some code to have FRAME with a deiiferent timeframe
Indicators set-up:
FRAMA period 24 (it was originally 25 but it's better to use an even number)
FRAMA timefarme lower then chart timeframe (e.g. daily chart and weekly FRAMA)
Supertrend indicator as it is.
Of course, it is better to adapt above setting to traded instrument.
Long/Buy rules:
1 - Enter at crossover between FRAMA and its signal
2 - Option to filter entries based on supertrend signal
3 - Exit when Supertrend change direction;
4 - Exit long when short signal occurs;
Short/Sell rules:
1 - Enter at crossunder between FRAMA and its signal
2 - Option to filter entries based on supertrend signal
3 - Exit when Supertrend change direction;
4 - Exit short when long signal occurs;
VERY IMPORTANT NOTE: this is a trend following strategy, so the target is to stay in the trade as much as possible (drawdown my be high). If your trading style is more focused on scalping and/or pullbaks, this strategy is not for you.
Credits to who developed this startegy (google it).
Thanks to all pinescripters mentined in the code for their snippets.
I have also a study with alerts.
Please use comment section for any feedback or contact me if you need support.
Volatility Traders Minds Strategy (VTM Strategy)Volatility Traders Minds Strategy (VTM Strategy)
I found this startegy on internet, with a video explaingin how it works.
Conditions for entry:
1 - Candles must to be above or bellow the 48 MA (Yellow line)
2 - Candles must to break the middle of bollinger bands
3 - Macd must to be above or bellow zero level;
4 - ADX must to be above 25 level
Credits to who developed this startegy (google it).
Thanks to all pinescripters mentined in the code for their snippets.
It could be improved with stop loss based on ATR etc.
I have also a study with alerts.
Please use comment section for any feedback or contact me if you need support.
Scalping with Bill Williams AlligatorScalping strategy based on Bill Williams Alligator technique but calculated with heikin ashi candles.
This strategy has to be applied to standard candles and low time frames (1min to 5min)
Thanks to all pinescripters mentined in the code for their snippets.
It could be improved with stop loss based on ATR etc.
I have also a study with alerts.
Please use comment section for any feedback or contact me if you need support.
Strategy MACD vs BBStrategy based on MACD and Bollinger Bands, where BBs are calculatend from macd signal.
Strategy doesn't open at breakout of bands but it waits for a pullback.
Upper and lower bands are used as resistance and support.
There are various parameters that can be optimized.
I have also a study with alerts.
Please use comment section for any feedback or cointact me if you need support.
BEST Trailing Take Profit StrategyHello traders
Hope you enjoyed your weekend on my behalf. Was staying home working ... ^^
This is my first strategy educational post I'm doing ever
While I'm generally against posting strategies because it's very easy to fake performance numbers... I cannot prevent myself from sharing a few cool strategy snippets anyway.
So from now on, I'll be sharing a few strategies also - generally not to showcase performance but only to show what pinescript can do.
As once again strategy performance can be faked is so many ways... :)
What's on the menu?
We all know what a trailing-stop is. right? right? Ok... sharing the definition here :)
A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor's favor. The order closes the trade if the price changes direction by a specified percentage or dollar amount.
But...do you know what a trailing profit is?
Short definition : Well the same but with your profit limit order.
Long definition : A trailing profit is designed to increase your gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor's favor. The order closes the trade if the price hits the trailing profit level specified percentage or dollar amount.
Some trading strategies used both a trailing stop AND trailing profit. Not making any recommendation here - only sharing what's possible in the realm of trading and pinescripting
Trigger me I'm famous
I developed many trading strategies in my career and often I've been asked to trigger a trailing-stop or trailing-profit once a certain % move has been made.
I integrated here a Take Profit trigger - once hit, it will activate the trailing profit
On the screenshot below, the TP trigger is plotted in orange. Once the price goes past that level for the first time, I'll start trailing the profit level.
In other words, when we see a price makes an interesting move in percentage value - we decide to offset the profit as we concluded that once it reached such distance - then it leads often to more profit
Of course, using only a trailing profit without stop/trailing-stop/invalidation isn't smart and the surest way to kiss goodbye a trading capital and trading and your good mood
See you tomorrow for another strategy snippet
All the BEST
Dave
Expert studio strategy 1 - GBPUSDThis is part of a series of strategies developed automatically by a online software.
I cannot share the site url, which is not related to me in any way, because it is against the TV reules.
This strategy was optimized for GBPUSD, timeframe 1D, fixed lots 0.1, initial balance 1000€.
LOGIC:
- LONG ENTRY when previous candle is bear
- LONG EXIT: RVI > signal line
- SHORT ENTRY when previous candle is bull
- SHORT EXIT: RVI < signal line
NOTE: I considered the open of actual candle instead of close otherwise there will be a back shift of 1 candle in pine script
Take profit = no
Stop loss = no
I have also a study with alarms.
Please use comment section for any feedback.
Scripting Tutorial B - TManyMA - Commission/FeesThis script is for a triple moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
Features:
- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually.
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )
- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.
- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish , bearish or neutral direction in the market.
- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter . Twitter should be linked to my profile.
- Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA1 and MA2 and another 5 between MA2 and MA3.
- Ribbons are alpha-color coded based on their relation to their default MAs.
- Ribbons are only visible between MAs if the MAs being compared share the same Type, Resolution, and Source because there is no way to consolidate those three in a simple manner.
- Ribbon values are calculated based on calculated MA Periods between the MAs.
- Converted the existing study into a strategy.
- Strategy only enters long positions with a market order when MA crossovers occur.
- Strategy exits positions when crossunders occur.
- Trades 100% of the equity with one order/position by default.
- Ability to disable trading certain crosses with input checks.
- Ability to exit trades with a take profit or stop loss.
- User input to allow quick changes to the take profit or stop loss percentages.
- Strategy now calculates on every tick
- Strategy also includes fixed commission values based on Coinbase standard order fees
This script is meant as an educational script with well-formatted styling, and references for specific functions.
*** PLEASE NOTE - THIS STRATEGY IS MEANT FOR LEARNING PURPOSES. DEPENDING ON IT'S CONFIGURATION IT MAY OR MAY NOT BE USEFUL FOR ACTUAL TRADING. THE STRATEGY IS NOT FINANCIAL ADVICE ***
Scripting Tutorial A - TManyMA - StopsThis script is for a triple moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
Features:
- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually.
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )
- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.
- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market.
- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked to my profile.
- Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA1 and MA2 and another 5 between MA2 and MA3.
- Ribbons are alpha-color coded based on their relation to their default MAs.
- Ribbons are only visible between MAs if the MAs being compared share the same Type, Resolution, and Source because there is no way to consolidate those three in a simple manner.
- Ribbon values are calculated based on calculated MA Periods between the MAs.
- Converted the existing study into a strategy.
- Strategy only enters long positions with a market order when MA crossovers occur.
- Strategy exits positions when crossunders occur.
- Trades 100% of the equity with one order/position by default.
- Ability to disable trading certain crosses with input checks.
- Ability to exit trades with a take profit or stop loss.
- User input to allow quick changes to the take profit or stop loss percentages.
This script is meant as an educational script with well-formatted styling, and references for specific functions.
*** PLEASE NOTE - THIS STRATEGY IS MEANT FOR LEARNING PURPOSES. DEPENDING ON IT'S CONFIGURATION IT MAY OR MAY NOT BE USEFUL FOR ACTUAL TRADING. THE STRATEGY IS NOT FINANCIAL ADVICE ***
Extreme ScalpingThis is a test of an easy scalping method: buy if actual close is below forecast close and sell if actual close is above forecast close. Take profit and stop loss shall be very small (few pips) as in most of scalping strategies.
No filter is used for only long or only short positions, but you can select buy only or sell only based on other indicators or whatever you feel is the direction of trading.
NOTE: you can add this strategy to your chart but you should modify the backtest day otherwise you will get an error due to calculation limits of pine script. For example, on one minute chart, you should set the backtest day from today only. For past days, set both start day and and day.
I have also a study with alarms.
Please use comment section for any feedback.
