Understanding order sizestype: properties manipulation, no programming needed
time required: 15minutes, at least
level: medium (need to know contracts, trading pairs)
A strategy can "appear" to work or be broken depending on the pile of cash that is working on. This amount is defined in the strat properties, under "order size".
For noobs (like me) this is very confusing at first :)
A strat opens/closes positions using units, a generic measure for the chart being operated on. Thes "units" can be a fixed amount of cash, a fixed amount of contracts, or a floating amount based on the last profits made. I recommend checking my previous strat to figure the case of contracts .
So, any trading price is the amount of "things" you get for some "cash". The things are the first unit, the "cash" is the second. Some examples:
XAU/USD - 1 xau oz is worth x dollars
BTC/USD - 1 bitcoin is worth x dollars
GBP/EUR - 1 pound is worth x euros
To add to confusion, a lot of markets the "unit size" is different from what the strat thinks it is. An options contract is 100 shares(the unit), 1 xau contract is 10 oz(units), 1 eur/usd contract is 100k euros and so on... so, after figuring out how the sizes work in a strat, then the sizes must be adapted for the specific market in question.
The choice os using the ETHUSD pair is because:
1 - you can buy 1eth, unlike a gold contract for example, so 1 "unit" = 1 eth, easier to get
2 - ETH is around 12 bucks, wich gives round numbers on the math, easier to wrap the brains around :)
3- is an unusual pair, so the regular contract sizes don't apply, and the brain is not conditioned to work inside the box ;)
You will have to access the script properties, to change the values. As these values are changed you will see exactly the differences in the values of the strat.
Text is too long, check the comments for all the cases
Cari dalam skrip untuk "GOLD"
Understanding contract sizes in a strategyThis simple strat fires up on green bars, down on red bars. cannot get any simpler. So, it's a good example to check how returns are calculated.
First, the internal firing mechanism for the strategy.entry function is something hardcore. As result, the entry points can be confusing, and seem to appear in a wrong bar (as the 2nd and 3rd signals are good examples), but i'll put that aside to keep it simple. And, because i don't yet get it myself ;)
The example is simple, so that numbers can be followed easy. Chart in BTC/USD, so USD is the "base" currency used by strat to calculate. A contract/unit is the value of 1 unit in base currency. 1 Apple share is 600$, 1 bitcoin is 600$, 1 oz gold is 1330 bucks. So, here in each bar, the value of 1 contract is the value of the BTC in USD. simple as that.
The strat properties, can be passed as input fields (line 2) or accessed/changed in the right click->properties pop-up. To make it easier, initial capital is 1000 bucks, and "order size" is 1 contract. This means that the strat will open a position of 1 BTC when it fires. Value "Initial capital" makes no difference at all, at least with these choices. It's just for show. Try to put 1$ and 1 contract, the strat will still trade anyway. It manages to trade 1 contract(or BTC) values at ~600$, with a single dollar. nice ;)
Check the chart. see the little blue "BarUp +1" ? that's it, strat goes long 1 BTC. there's a little blue triangle on the bar, points to the value of entry.
Then later, on second move, the "BarDn -2", the strat goes short 2BTC. 1BTC to close the long +1 more to open a short.
The profit here is the difference between the value of the long opening and the long closing. The extra BTC (shorted) is part of the next position. Since this dumb strat just reverses the direction, there are always +2, -2 , +2.... 1 to close previous position, 1 to open another. At the strategy tester tab, the option "list of trades" shows in details each of the moves
Checking each move and comparing what we see with the chart itself helps to achieve ilumination :)
Bonus feature: as soon as you get it, try to increase the option "pyramiding" and see how the strat adds more contracts, and how it reverses the positions. sometimes it even makes sense!!!! :)
ENGULFING CANDLESTICK STRATEGY(i) Arrow represent trade setup
(ii) Circle represent triggering of the trade
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1. Where to place stop loss?
2. Where to exit the trade?
3. How to protect gains in your trade?
4. How to apply money management rule?
5. How to trade gap opening?
RSI-StrengthJust Quick Look to Major pairs and USD additionally Gold and Oil
You Need to tick Chart Settings / Scale / Indicator labels
EVWMA Acc/Dist. Pressure & FRACTAL BANDS by @XeL_ArjonaEVWMA ACCUMULATION/DISTRIBUTION PRESSURE & FRACTAL BANDS
Version: 3.0 @ 4.11.2015
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The following indicator IS NOT INTENDED TO BE A FORMAL INVESTMENT ADVICE OR TRADING RECOMMENDATION BY THE AUTHOR, nor should be construed as such. Users will be fully responsible by their use regarding any kind of trading vehicles or assets.
The following script and ideas within this work are FREELY AND PUBLICLY availables on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
-== IMPORTANT: THIS IS AN EXPERIMENTAL INDICATOR ==-
What is this?
This work is a derivation of my previous Accumulation/Distribution scripts publicly available in TradingView in an effort to clean, speedup and make the indicator cleaner as possible.
The current indicator is based on already tested and Mathematically proof concepts as described below:
The MAIN Rolling back median line or "Vortex" is constructed by a simple and equal weighting of distributed volume along the candle range (This approach is just an "estimator" of Buyers Vs. Sellers given the lack of tick resolution in TradingView, a real "DELTA" can only be 100% reliable with Market Depth (Ask/Bid ticks)), Given this, with each "volume weights", the price is post-processed against a true statistical Average calculation formerly: ELASTIC VOLUME WEIGHTED MOVING AVERAGE.
The FRACTAL BANDS are just Standard Deviation's with GOLDEN RATIO as multiplier (1.618) derived one from each other within it's origin on the former "Vortex Median".
The Standard Error Bands comply as the original indicator described by Jon Andersen but given the true statistical nature of EVWMA, the original LinReg line has been substituted by the former.
ALL NEW IDEAS OR MODIFICATIONS to this indicator are welcome in favor to deploy a better technical tool. Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView user rules. (C) 2015 @XeL_Arjona
[RS]The Great Dollar Basket V1UPDATE:
fixed the string for gold and silver was using NZDUSD string.
changed oil and gas instruments to support intraday values.
added option to smooth the series.
added option to show/hide groups of series.
Bars Since the last RSI ExtremeThis is something Jamie Saettele pointed out. Gold has been in 'neutral' RSI territory for its longest stretch in four years. It's coiling up for its next major move.
[Bitcoin] Lastbattle's nose pickerI've been working on a top and bottom picker script over the past couple of weeks, based on RSI of multiple timeframe closing price. It've been a pretty good trading system that's tested over the last meteoric rise from 220~270 and back down to 230 right now, and I think it should be released to the community.
Sure, I'm not worried about this strategy not working anymore after it is being used by the majority. Everyone have a different view of the market, and this is more towards psychology. It'll likely to hold for as long as there are still humans trading Bitcoins. Bitcoin market is full of emotions, you'll never run out of it.
So why does it work?
If you take a look at the live charts offered by Bitcoinwisdom and Cryptowatch, they only offer 1, 3, 5, and 15 minute timeframe by default with no other option to switch.
Naturally more traders will look at these levels for oversold and overbought condition.
The same indicator does not work for the broader commodities market such as Gold and Silver.
How does it work?
As long as the RSI levels of 1, 3, 5, and 15 minute fulfills the oversold/overbought level, a signal will be given.
The overbought/oversold level gets compensated the higher volatility the market is in.
Note: **
-This is only for exit strategy. If you're on long, consider reducing or exiting your position when it displays a red. On the other hand if you're short, consider reducing or covering your shorts if it shows a green.
-It may give false signal in a trending market, use your trading experience and judgement to filter them out. (eg: uptrend usually have more than 1 legs AND after a long consolidation, RSI gets to oversold/overbought easily... the market will tend to test the support/resistance again.)
-This is tuned for the 15m interval, the script won't work beyond this. I use it for scalping futures. Feel free to change or remove this line 'plot(interval == 15 and '
-Even if it shows a signal, it may not be the true top/bottom. Sometimes there may be a weak diverged leg aka 'last fart', so that's one reason I dont use this for entry until more confirmation is given via other indicators.
** If your chart is zooming all the way down to 0, right click on the price at the right and select 'Scale price only'
Go ahead and try this out with willy, etc and see what works better :D
Credits:
-LazyBear for the volatility switcher script
TimWest Long Short FiltersTimWest Long Short Filters
Indicator Has 3 Separate Filters that Create Green(Bullish) or Red(Bearish) BackGround Highlights
If Price is Above or Below a certain LookBack Period - Tim Defaults to 63 on Daily Chart to Quickly View if Price is Above or Below it’s Price 1 Quarter Ago.
A Simple Moving Average Filter - Tim Defaults to 50 SMA and 200 SMA also known as the “Golden Cross”.
A Exponential Moving Average Filter - For Those Who Want To View Shorter Term Market Swings. Defaults to 50 EMA and 100 EMA used By Chuck Hughes, 7 Time World Trading Champion. Chuck Claims the 50/100 EMA's Show the Earliest Change in Market Direction the Equal - Sustainable Moves
Inputs Tab has Checkboxes to Turn On/Off any of the 3 Filters Above.
Reference Chart Post www.tradingview.com
Opening Range Breakout with 2 Profit Targets.Opening Range Breakout with 2 Profit Targets.
Updated Indicator now works on all Symbols with Many Different Session Options.
***Known PineScript Issue…While the Opening Range is being Formed the lines only adjust for that individual bar. Just reset Indicator after Opening Range Completes.
***All Times are Based on New York Time
Session Options Forex U.S. Banks Open (8:00), Gold U.S. Open (8:20), Oil U.S. Open (9:00), U.S. Cash Session - Stocks (9:30), NY Forex Open (17:00) , Europe Open (02:00), or if you choose Setting 0 the Session Runs from 00:00 to 00:00 (Midnight to Midnight).
***Ability to use 60 minute Opening Range, 30 minute, 15 minute, and many other options.
***However you can manually change the times in the Inputs Tab to adjust for any session you prefer. This is useful for Day Light Savings Adjustments. Also the default times work if your charts are set to EST Time. If you use A different time zone in your settings you need to Adjust the times in the inputs tab.
Initially Opening Range High and Low plot as Yellow Lines. If Price Goes Above Opening Range then Line Turns Green. If Price Goes Below Opening Range Line Turns Red.
By default the First Profit Target is 1/2 the Width of the Opening Range and the 2nd Profit Target is 1 Times the Opening Range. However these are Adjustable in the Inputs Tab.
By Default the Opening Range Length is 1 Hour. However, you can Change the Opening Range Length to 15 min, 30 min, 2 hours etc. in the Inputs Tab.
Plots a 1 Above or Below Candle when 1st Profit Target is Achieved, and a 2 when 2nd Profit Target is Achieved.
_CM_BarRange_PercentileI know a Trader that went 18 months without a losing trade. This Trader averaged trading 700-800 contracts per month in the Futures markets.
The was not his only system but here were his rules.
He looked at the 60 minute bar and calculated the ranges of the bars over the last 3 months. IF the range of the Bar was Greater Than the 99th Percentile, He would Fade that move or take the trade in the opposite direction.
Thought process is If the Price Bar is Greater Than the 99th Percentile then typically the market reverses. This happens a lot of times at news events. If you’ve studied the markets long enough you know if a Nes based event causes a Huge Move, which we define as Greater than the 99th Percentile, the Market typically moves in the opposite direction.
***This is dependent on the Instrument your trading and the time frame your trading. Some Instruments and time frames this signals a continuation move.
I also added in the Low of the Range based on the 99th Percentile. Often times Low Range Bars…especially if they appear at the top of a swing move, or the bottom of a swing move…create a high probability entry once the High or Low of the bar is taken out in the opposite direction of the previous move…The Low Range bars show indecision after a strong move and create great reversal opportunities.
Works on All Time Frames…again depending on the instrument your trading.
On instruments that MOVE or have High Volatility like Crude and Oil you can get great signals on 1 minute bars.
***Code includes ability to pick ham many bars you want your Look Back Period To Be.
***You can change the percentages to use the 99th Percentile, or 95th percentile, etc…
***The Green Line is the Value of the High Range Percentile.
***The Red Line is the Value of the Low Range Percentile.
***Plots a Magenta Cross on the Red Line if the Range is Below the Low Range Percentile.
***Plots a yellow Cross on the Green Line if the Range is Greater Than the High Range Percentile.
***The Aqua line is the Midpoint of the Range. Or the Average Price Move.
***Colors the Price Bar Yellow if the Range exceeds the High Range Percentile.
***Colors The Bar Magenta if the Range is Less Than the Low Range Percentile
***All parameters can be turned on or off via Check Boxes in the Inputs Tab
Smart Money Index (SMI)Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment.
The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns.
The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day
because of the overnight news and economic data. There is also a lot of buying on market orders and short covering at the opening.
Smart, experienced investors start trading closer to the end of the day having the opportunity to evaluate market performance.
Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated
for many markets and market indices (S&P 500, DJIA, etc.)
The SMI sends no clear signal whether the market is bullish or bearish. There are also no fixed absolute or relative readings signaling
about the trend. Traders need to look at the SMI dynamics relative to that of the market. If, for example, SMI rises sharply when the
market falls, this fact would mean that smart money is buying, and the market is to revert to an uptrend soon. The opposite situation
is also true. A rapidly falling SMI during a bullish market means that smart money is selling and that market is to revert to a downtrend
soon. The SMI is, therefore, a trend-based indicator.
Some analysts use the smart money index to claim that precious metals such as gold will continually maintain value in the future.
Found $13K Profit-Simple Strategy-Highlights Days Of The WeekSee 1st Chart Post For Specific Details. Custom Indicator Highlights Bars for Specific Days of Week. Works on Daily Charts and Intraday Charts. Option to Highlight One Day or Multiple Days.
