3c Ultimate reversal strategy With scanner and backtester v2This might just be the ultimate strategy to identify reversals.
This strategy includes a scanner, a backtester and ability to connect it with you 3 commas bot(See adviced settings below)
Strategy:
-Signals reversal that happened in the last bar. This signal DO NOT repaint.
-Identifies potential reversal that might happen in the current bar but can also not happen depending upon the timeframe closing price.
-The strategy combines the Moving Average Trend Changer, SuperTrend (ATR price detection) and ADX.
-It reduces the number of false signals in sideways market conditons and give more reliable trade signals.
-The signal does not repaint and can be used in any market condition. It determines the trend with high precision.
Take profit:
-Set 2 separate TP conditions.
-You can take profit using percentage, ATR, or RR(Risk Reward), aswell as using Trailing Take Profit.
- Use sell signal from the strategy(I often find way better results using that)
Stoploss:
-You can use either ATR, Percentage or sell signal from the strategy
(For now to let the strategy itself decide when to TP or SL, just set these parameters really high.)
Scanner:
-Identifies coins that are currently in the sell zone
-Identifies coins that are currently in the buy zone
-Screener explores up to 20 pairs in current graph's time frame.
-Optimize the strategy to your liking and use the built in backtester to see if it is a viable strategy.
3commas settings:
-For now you can only use simple bots.
-Create LONG and SHORT bots for the coins you like to trade and set up alerts(You can send long and short signal from the same alert)
-Set TP to 50% the strategy will handle buys and exits based on your inputs.
-Set safety orders to 0. I might add DCA to the strategy if testing proves that to be a good solution.
-When you have made the bots input the bot ID and token adress in the settings of the strategy.
-When creating the alert use this webhook :https://3commas.io/trade_signal/trading_view
-In the message field you use {{strategy.order.alert_message}} as the placeholder.
In the future this signal might make it to the 3commas marketplace. You can then subscribe to that signal where I have cherrypicked coins based on thorough backtesting and optimization.
Cari dalam skrip untuk "take profit"
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
LudovicaLudovica is a trend following strategy that works on intraday timeframes (15 minutes).
The stop loss is decided based on the last price movement, take profits are projected through a Fibonacci extension. Two different extensions are calculated, based on a filter that affects the last price movement it is chosen which one to use for take profits.
Money management is fixed fractional: regardless of the distance between entry point and stop loss, the risk on capital for each trade is decided by the user in the strategy inputs. Take profits from 1 to 4 plan to exit with 15% of the initial size, TPs from 5 to 8 plan to exit with 10% of initial size.
There is a trailing stop system to reduce the drawdown of the strategy (note that stop loss moves as the trade develops).
Take profits are limit orders, stops (loss or trailing) occur at candlestick close (set alerts on the strategy).
Optimized strategies selectable from input panel:
-ETHUSDTPERP 15 min
-CRVUSDTPERP 15 min v1
-CRVUSDTPERP 15 min v2
-SNXUSDTPERP 15 min
Other pairs in development and soon available.
This strategy is in beta stage.
Squeeze Momentum Strategy [LazyBear] Buy Sell TP SL Alerts-Modified version of Squeeze Momentum Indicator by @LazyBear.
-Converted to version 5,
-Taken inspiration from @KivancOzbilgic for its buy sell calculations,
-Used @Bunghole strategy template with Take Profit, Stop Loss and Enable/Disable Toggles
-Added Custom Date Backtesting Module
------------------------------------------------------------------------------------------------------------------------
All credit goes to above
Problem with original version:
The original Squeeze Momentum Strategy did not have buy sell signals and there was alot of confusion as to when to enter and exit.
There was no proper strategy that would allow backtesting on which further analysis could be carried out.
There are 3 aspects this strategy:
1 ) Strategy Logic (easily toggleable from the dropdown menu from strategy settings)
- LazyBear (I have made this simple by using Kivanc technique of Momentums Moving Average Crossover, BUY when MA cross above signal line, SELL when crossdown signal line)
- Zero Crossover Line (BUY signal when crossover zero line, and SELL crossdown zero line)
2) Long Short TP and SL
- In strategies there is usually only 1 SL and 1 TP, and it is assumed that if a 2% SL giving a good profit %, then it would be best for both long and short. However this is not the case for many. Many markets/pairs, go down with much more speed then they go up with. Hence once we have a profitable backtesting setting, then we should start optimizing Long and Short SL's seperately. Once that is done, we should start optimizing for Long and Short TP's separately, starting with Longs first in both cases.
3) Enable and Disable Toggles of Long and Short Trades
- Many markets dont allow short trades, or are not suitable for short trades. In this case it would be much more feasible to disable "Short" Trading and see results of Long Only as a built in graphic view of backtestor provides a more easy to understand data feed as compared to the performance summary in which you have to review long and short profitability separately.
4) Custom Data Backtesting
- One of most crucial aspects while optimizing for backtesting is to check a strategies performance on uptrends, downtrend and sideways markets seperately as to understand the weak points of strategy.
- Once you enable custom date backtesting, you will see lines on the chart which can be dragged left right based on where you want to start and end the backtesting from and to.
Note:
- Not a financial advise
- Open to feedback, questions, improvements, errors etc.
- More info on how the squeeze momentum works visit LazyBear indicator link:
Happy Trading!
Cheers
M Tahreem Alam @mtahreemalam
The Ultimate Backtest - Fontiramisu█ OVERVIEW
The Ultimate Backtest allows you to create an infinite number of trading strategies and backtest them easily and quickly.
You can leverage the trading setup you created with the tradingview's real-time alert system.
The tool is constantly being improved to accommodate more in-house indicators in order to imagine more trading strategies.
█ HOW IT WORKS.
The tool is divided into 3 main parts:
1. The indicators:
These are the indicators that you will be able to set up to create your setups.
Example: rsi, exponential moving average, home made resistance/support indicator etc.
We are working to add more and more in-house indicators to multiply the trading strategies.
2. The entry/exit strategy:
The entry/exit trades management is a central point of the strategy.
Here we propose several ways to take profits and in-house optimizations to enter a position.
3. The setup: the combination of indicators
Here it is up to you to create your own recipe.
You combine the different indicators set up above to make a real strategy.
Example: RSI Divergence + Location on a support.
Let's look at this in more detail.
Below is a description of all sections
█ 1. THE INDICATORS
TREND: MA (moving average) -->
Set up a moving average from multiple methods (sma, ema, smma...) of the type and length you want.
> A long is taken if the price is above the MA.
> A short is taken if the price comes below the MA.
You can set up a smoothing MA from the existing moving average and use it in the same way.
ENVELOPE: SUPER TREND -->
The supertrend is a trend following indicator. It clearly describes the distinction between downtrends and uptrends with a red or green direction. It is calculated according to the ATR and a factor.
> A long is taken when the direction is green and the price touches the supertrend support line.
> A short is taken when the direction is red and the price touches the supertrend resistance line.
ENVELOPE: BOLLINGER BAND -->
Bollinger bands are used to evaluate the volatility and probable evolution of prices, here we exploit the envelope
> A long is taken if the price crosses the lower band.
> A short is taken if the price crosses the upper band.
CLOUD: ICHIMOKU -->
The Ichimoku cloud aims to identify the direction and reversal points of dominant market trends. It displays support and resistance levels.
> A long is taken when the price enters the green ichimoku cloud.
> A short is taken when the price enters the red ichimoku cloud.
MOMENTUM: MACD ZERO LAG / MACD / RSI -->
RSI (Relative Strength Index) reflects the relative strength of upward movements, compared to downward movements.
MACD (Moving Average Convergence Divergence) is a momentum indicator that follows the trend and shows the correlation between two moving averages of the asset price.
MACD ZERO LAG is calculated in the same way except that the exponential moving averages that make up the calculation do not lag.
> A long is taken on a potential bullish divergence.
> A short is taken on a potential bearish divergence.
For now, with these indicators, we only take a trade based on divergences but we will add overbuy/oversell etc.
MOMENTUM: MA SLOPE -->
This house indicator allows you to use the slope of a moving average as a measure of momentum.
Define the length of the moving average whose slope we will take.
We then take a fast ma of the slope then a slow ma (You define the lengths with the parameters)
The tool foresees a subtraction between the slow and fast ma to have another interpretation of the slope.
This indicator is available and can be viewed freely on my tradingview profile.
> A long is taken when there is a potential bullish divergence on the fast/slow MA or the difference.
> A short is taken when there is a potential bear divergence on the fast/slow MA or the difference.
RESISTANCE: R/S FONTIRAMISU -->
An in-house indicator that shows resistances and supports according to the chosen parameters.
Indicator available and can be viewed freely on my tradingview profile.
> A long is taken when the price arrives on a support.
> A short is taken when the price arrives on a resistance.
-----
MOMENTUM DIVERGENCE -->
Section used to set the divergence detection.
The first field allows you to select which momentum you want to calculate the divergence on.
PIVOT DETECTION -->
Used to calculate top and dip on the chart, it is used with divergences/resistances/enter-exit optimizations....
Default parameters are: Deviation: 2.5, Depth: 10.
█ 2. STRATEGY FOR ENTERING/EXITING TRADES.
STRATEGY: TP/SL -->
Enter/Exit Trade Mode" field: The first field allows you to choose between two modes:
1. TP/SL Mode:
This mode allows you to take entries with take profits that you define afterwards with the TP1 and TP2 parameters .
> The stop loss is calculated automatically by taking the last dip if it is a long and the last top if it is a short.
> You can add a "Stop Loss % Offset" which will increase the size of the stop loss by the % value you set.
> If you activate TP2, the profit taking is split between TP1 and TP2, you can select the percentage of profit taking split between TP1 and TP2 via the "Percent Exit Profit TP1" field.
> The "TPX Multiplier" fields allow you to define the desired Risk Reward, if = 1 then RR = 1/1.
> A Trailing stop option is available, if active then the profit take will be split between TP1 and Trailing stop.
For the moment you can choose between the two MA's set up above to serve as trailing stop:
> In long, if the price goes below the MA then you take the profit (or the loss)
> In short, if the price goes above the MA then you take the profit (or the loss)
2. ONLY BUY/SELL:
Here the take profits are not taken into account, we only have an alternation between the long and the shorts.
The trailing stop applies to this mode and can be interesting depending on the use.
STRATEGY: SETUP OPTIMIZER (FP) -->
Here we have 3 home made optimization tools to take more relevant trades.
1. FAVORABLE ENTRY FROM PIVOT.
Here the tool will favor entries with interesting locations depending on dips and tops before.
A red cross with "FP" will appear on the chart each time a trade does not meet this condition.
2.STOP LOSS MAX (SL).
Will only take trades where the stop loss is maximum at X%.
A red cross with "%SL" will appear on the chart each time a trade does not meet this condition.
3. MOVE ALREADY TRADED.
Will not take several trades in the same move.
This can avoid cascading losing trades on some setups.
A red cross with "MT" will appear on the chart each time a trade does not meet this condition.
█ 3. THE SETUP: THE COMBINATION OF INDICATORS
Here, let your creativity speak.
You are free to assemble the indicators in the following way:
The conditions defined inside a group (group1/group2/group3) are combined to each other via an OR operator .
Example, if "cond01 = Momentum DIv" and "cond02 = Res/Sup Location", then trades will be triggered if one of the two conditions is met.
The conditions defined between several groups are multiplied via the AND operator .
Example, if "cond01 = Momentum DIv" and "cond12 = Res/Sup Location", then trades are taken if both conditions are met at the same time.
ALL CONDITIONS:
> NONE
No conditions selected.
> Momentum Div
Triggers when a potential divergence occurs on the selected momentum (in the divergence section).
> Momentum Div UT Sup
Triggers when a potential divergence occurs on the selected momentum (in the divergence section) in the upper timeframe.
The upper timeframe of the momentum is calculated directly in the code by multiplying the set parameters by 4 (fastlenght/slowlenght...).
> Multi MA
It is set in the "Trend: MA" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Smooting MA
Is set in the "Trend: MA" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Super Trend Env
Is set in the "ENVELOPE: SUPER TREND" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> BB Env
It is set in the "ENVELOPE: BOLLINGER BAND" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Ichimoku Cloud
Is set in the "CLOUD: ICHIMOKU" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Res/Sup Location
Is set in the "RESISTANCE: R/S" section and is triggered by the conditions mentioned in the "INDICATORS" section.
[XBotUniverse] TREND 1.0 XBotUniverse is an automated crypto trading platform that allows you to start trading and investing in cryptocurrencies seamlessly, by implementing a fully automated trading bot using TradingView
The TREND Strategy version is a signal indicator following the direction of the trend with a fully technical method, without fundamentals, without the need for manual trading. Uses eleven Technical Indicators to measure trend strength. There are six breakouts and crosses to confirm open positions.
Runs well when the market is moving uptrend or downtrend. This strategy uses good risk management, where every open position takes a take profit of around 1.6% and a stop loss of around 1.3%, this is possible, because this strategy applies a "Smart Quantity", where the amount or quantity will adjust so that the profit and loss according to the calculation risk management, this will prevent your funds from being eroded
When the market is running very sideways, the strategy reduces the risk of loss by reducing open positions, by measuring the strength of the trend and measuring the shallowness of the average candle bar mixed with the "Smart Quantity" technique.
This strategy is applied to the Binance Futures Exchange, uses API Management, and can only be applied to the ETHUSDTPERP pair, so if it is used on another pair, the strategy will not work.
The main point of this platform is to reduce risk in trading digital instruments, by maintaining transactions with good risk management, namely preventing trading in a brutal way that will erode funds in an immeasurable way. Another important thing is that there is no risk of fundraising which results in funds or deposits being unable to be taken, such as in the case of forex trading robots where the biggest risk is with the broker, where our funds may not necessarily return due to non-transparent and poorly regulated mechanisms.
No business in this world can measure with certainty when the return on investment or can generate consistent profits, so also take care of the risk from our side as users, please analyze this strategy by paying attention to the strategy tester to measure NetProfit, Percent Profitable and Maximum Drawdown, from trading history that has occurred the previous month, because the results are relatively the same as what happened in real trading. Also remember that past profits do not guarantee future profits
Every business has risks, so use cold money so that we are comfortable when trading, don't use debt / borrow money, pawn money, kitchen money or hot money.
If you are interested in using this strategy for automated and real-time trading, please contact the owner of this strategy or the founders who can provide education on how to use it.
CryptoAlgo DCA / AccumulationThis is a Dollar Cost Average (DCA) / Accumulation strategy. Every time there is a long signal it will buy a fixed USD amount that you have specified in the settings and keep buying at the dips and corrections in the market. This strategy is low-risk, however it assumes you have a long time horizon of at least 2+ years. The longer your holding-period, the better your returns.
There is 3 different entry conditions you can choose from:
The first entry condition is bollinger bands. Bollinger bands is a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of an assets price. Every time a candle closes below the lower trendline the strategy will buy.
The second entry condition is the Relative Strength Index (RSI). The RSI is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. Every time the RSI is meaning oversold and goes below a point of your choosing the strategy will buy.
The third entry condition is based on pivot points and moving averages that will determine small term trend changes in the market and low price points. Every time there is a bullish trend reversal the strategy will buy.
All three of these entry conditions can be controlled by a higher timeframe RSI that will stop entries when the RSI is above a certain point where the market is overbought and not ideal for accumulation.
The take profits in this strategy is dynamic and will signal trend changes like the third entry condition by using pivot points and moving averages. Since this is a DCA/ Accumulation strategy and will accumulate for the long term it will only exit a small percentage of the accumulated position. This will ensure that you take profit as the asset is appreciating in price while keeping the majority of the position for greater profit in the future.
At the bottom right corner of the chart you will be able to see the key results of the DCA
The first reading is the Average amount USD that the strategy is investing on average every month. This value will help you identify the best settings for you and what USD amount the strategy should enter at the signals so that it stays below the amount you are willing to invest every month. Keep in mind that this is an average and that there will be a lot of deviation up or down based on where the market is going. If the market is having a correction the strategy will signal a lot more entries than when it is going up.
The second reading is the average profit per month. This is also an average and the result will go up exponentially from the starting point as the strategy accumulates and the market appreciates in price.
The third reading is the position average price. This is the average price all the accumulated USD in the asset.
The fourth reading is the total profit. This is the result of both the realised profit from taking profit and the accumulated usd amount left in the position.
The last reading is the performance score. This is a scoring system that i created that looks at the data from the readings and weighs it based on importance and then spits out a number that will help identify the best settings. The higher the number the better the performance, meaning more profit and better DCA.
When you have found the right settings you can insert the messages from your automatic trading platform at the bottom of the inputs and then create an alert with your unique webhook address along with the alert message below:
{{strategy.order.alert_message}}
You will be able to adjust all parameters in the settings.
Enjoy!
Dynamic length MA Strategy [Dynamic Signal Lab]Dear TV'ers,
Hereby the strategy for the dynamic moving average crossover, with some flexible taking profit options.
All moving averages have the option to dynamically change lengths and different source options. They include:
* Hull MA
* volume-weighted Hull MA
* Simple MA
* Money Flow Index
* Chande Momentum Oscilator
* Arnaud Legoux MA
* Weighted MA
* Linear regression
What makes this strategy special is the fact that you can dynamically shorten the length of moving average length depending on how much you are in profit. The more you are in profit, the shorter the length of the MA will become.
The current default properties should be modified to make this strategy cost-effective, but typically 30minutes and higher timeframes seem to work well for larger (top10 cap) crypto projects. Dont use this script for small-caps as it will get you rekt.
Additionally, you'll also be able to continuously take profit, making sure you lock in all those sweet profits.
Use this script for doing backtesting and the indicator compagnon to fire your alerts.
Cyatophilum Accumulation StrategyAn indicator to backtest and automate accumulation/pyramiding custom strategies.
The goal of the strategy is to buy several times when the price is low and sell all when the position is in profit.
Configure your strategy using the entry options and entry filters, then set your Take Profit and StopLoss.
═════════════════════════════════════════════════════════════════════════
█ HOW IT WORKS
The strategy has pyramiding enabled, which means it can open several deals in a row.
It will keep buying until the Take Profit target is reached.
The indicator plots the Take Profit and Break Even line which are recalculated at each new deal.
The target corresponds to the average entry price plus a configurable percentage.
We can see the average entry price line drop lower at each Long Entry.
█ HOW TO USE
Choose a pair that you want to hold/invest in.
Pick a chart time frame that you like, according to how often you want the strategy to place orders. A benefit of this strategy is that it can work on low time frames as well as high time frames. Just keep in mind that the smaller the time frame, the bigger the impact of fees and slippage will be on the strategy results.
Configure your entry condition . You can combine several technical indicators to trigger an entry, such as Top & Bottom, Higher Lows and RSI divergences.
Example with double bottoms:
Filter your entry signal . Add filters to strengthen your entry signal.
Configure your profit target
Use the Take Profit feature to set a target in percentage of price. You can also make it trail.
There is a Trailing Stop Loss feature but the goal of the strategy is to never sell in loss, so it is turned off by default.
Check your backtest parameters
Make sure that the initial capital and order size make sense. Since it is a pyramiding strategy, the sum of all deals should not be bigger than the initial capital.
In this example: Initial capital is 10 k, max active deals is 10, so the max order size is 1 k.
If you use % equity as order size, please note that it will create compounding.
Check the fees, by default they are set to 0.1%.
I also recommend to set a slippage that corresponds to your exchange's spread.
Note: the pyramiding parameter has to be equal to the "Max Active deals" input.
█ FEATURES
• Entry settings
Configure wether to go long or short, or both.
Choose the Max Active deals : the maximum number of deals that you want to open at once.
The Minimum bar delay between deals parameter will help putting space between deals.
• Trend Filter
The trend filter will fitler off long deals when the trend is bearish, and short deals when it is bullish.
Choose a trend line from a list, or any external trend line you can find.
The Trend condition allows to choose wether the trend should switch from slope change or price cross.
• MTF Trend Filter
A secondary trend line, Multi Time Frame.
• Volume Filter
The volume filter will check the bar volume and prevent the entry if it is too low.
• Stop Loss and Take Profit
Configure your stop loss and take profit for long and short trades.
You can also make a trailing stoploss and a trailing take profit.
• Backtest Settings
Choose a backtest period, longs or shorts, wether to use limit orders or not.
An option to close open orders at the current bar if you have multiple open orders and are wondering what it would result to close them now.
Graphics
A Configuration panel with all the indicator settings, useful for sharing/saving a strategy.
A Backtest Results panel with additional information from the strategy tester.
█ ALERTS
The indicator is using the alert() calls: it only uses 1 alert slot to send order messages for each event. This means free TV plans can create 1 complete strategy.
To set your alert messages, open the indicator settings and scroll to the bottom of the "inputs" tab.
Create your alert after you set the messages in the indicator settings, and make sure "Any alert() function call" is set in the alert option.
█ LIMITATIONS
Things to keep in mind when using this strategy.
• No Stop loss
When trading without stop loss, your equity can drop without limit, and it can take a while until price recovers.
This is why when backtesting I recommend to keep an eye on the "Max # Days in trades" statistic which tells the maximum days a trade took to close in profit.
• Spot markets only
Obviously, trading without stop loss means no leverage.
█ BACKTEST RESULTS
The backtest settings used in this snapshot are the following:
Initial Capital: 10 000€
Order size: 1 000 €
Commission: 0.1€ per order
Slippage : 10 ticks
Please read the author instructions below for access and automation.
Up/Down Strategy - ContrarianThis is a consecutive bar up/down strategy for going long when the short condition is met or going short when the long condition is met. This is known in trading as taking contrarian signals and is helpful when an asset can provide only losses with a given strategy. In theory taking the opposing trade should produce a profit. With this strategy you can specify how many bars down to enter long and how many bars up to enter short. It also has code to check and make sure the condition is still true when launching the official alert, which helps back testing and live results line up, however be sure to enter commission and slippage into the properties to accurately reflect profits. I added back testing date ranges to this so you can easily pull up and see back tested results for a certain date range. I also added a buy and sell messages, close messages and take profit/stop loss message fields in the properties so you can launch alerts that will work with automated trading services. Simply enter your messages into those fields in the properties and then when you create an alert enter {{strategy.order.alert_message}} into the alert body and it will dynamically pull in your buy and sell messages when it fires alerts. I also added time restriction so you can enter trades only during the time frame specified. You can change it to any time frame, such at 0930-1600. Set the time restriction field to empty by default since otherwise the strategy won't take all trades like normal. So to enable time restriction enter a time frame in the format 0000-0000. I also added the ability to check off a box that will close the open trade at the end of the time restriction. So if you set the time frame to 0930-1600 and check off to enable close trade at end of time frame then it will look to exit the trade at the close of the next bar.
MacD Short and/or Long with Bi-Directional TP and SL This tool allows you to test any variable value for MacD and Signal for going Long or Short with each market direction having customizable values for stop loss and take profit.
For example, sometimes the MacD and Signal values are better with different lengths between Short and Long. You can use this tool to see them overlaid and determine the best settings for going one direction or the other.
This script was preset for use with XBTUSD on the 4 hour time frame. Another example with this in mind, is take profits and stop losses might not work in the Long market direction but going Short does! Without this tool that would be hard to see since typically stop loss and take profit is applied to both directions. I found with this tool that a 20% take profit seems to be a good sweet spot for going short with this strategy.
You can customize which MacD histogram you see by going to the style section and turning off the Short or Long parameters so you can see only 1 histogram at a time if you wish.
If you have any questions, please PM me.
CryptoNite - Machine Learning Strategy (15Min Timeframe)Greeting Traders! I am back with another ML strategy. :D I kept my word with combining my machine learning algorithms from Python and integrating them into Tradingview. Thanks to Tradingview's new release of Pinescript v5 it is now possible. This strategy respects the Sortino Ratio and was created using 2 years of data for 50 different cryptocurrencies. That is a total of 100 years of data and 44,849 trades to create this strategy. Now let me tell you, my computer and I are exhausted. We both been at it non-stop for about two months everyday. I refine the strategy, and the computer runs 24/7 for a few days to spit out the best results into the terminal. It's been a good run so my computer will finally get some sleep tonight.
So let's talk a little about the features of the strategy. In the settings window, you'll see the Stoploss, Take Profit Parameters, and Date Range. You can change the Date Range, but I recommend to leave the SL/TP parameters how they are because the machine learning algo chose those input. If you wish to change them you are always welcome to do so but backtest results will change. For the Take Profit parameters you'll see on the left side you something labeled time duration(displayed in minutes) and on the right side you'll see take profit values. Let's talk a little bit how they work.
TP_values = {
"0": 0.102,
"133": 0.051,
"431": 0.039,
"963": 0
}
In python, the table looks like this but it is quite easy to understand in Tradingview.
From 0-133 minutes, the strategy is looking to the reach target point 1 at 10.2% profit.
From 133-431 minutes, the strategy is looking to the reach target point 2 at 5.1% profit.
From 431-963 minutes, the strategy is looking to the reach target point 3 at 3.9% profit.
From 963+ minutes, the strategy is looking to break even at 0% profit on target point 4.
Through each target point a sell trigger is active. It will look for the best time to sell even if TP has not been reached.
This helps the trade not stay open too long.
The last thing I need to mention is the textbox displayed on the right side of your chart. This textbox displays the current Take Profit value in dollar amount. So when you're in a trade you'll know what TP target has to be reached when the open trade is active. Throughout time, the target price changes depending how long the trade has been open. If you have any questions feel free to comment down below, and enjoy this strategy!
Optimized Keltner Channels SL/TP Strategy for BTCThis strategy is optimized for Bitcoin with the Keltner Channel Strategy, which is TradingView's built-in strategy. In the original Keltner Channel Strategy, it was difficult to predict the timing of entry because the Buy and Sell signals floated in the middle of the candle in real time. This strategy is convenient because if the bitcoin price hits the top or bottom of the Keltner Channel and closes the closing price, you can enter Buy or Sell at the next candle start price. In addition, this strategy provides Stop Loss and Take Profit functions to maximize profit.
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Recommended settings are below.
- length: 9
- multiplier: 1
- source: close
- (v) Use EMA
- Bands Style: Average True Range
- ATR Length: 19
- Stop Loss (%): 20
- Take Profit (%) : 20
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- length: 9
- multiplier: 1
- source: close
- (v) Use EMA
- Bands Style: Average True Range
- ATR Length: 18
- Stop Loss (%): 20
- Take Profit (%) : 5
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▶ Usefulness and Originality
- Stop Loss and Take Profit functions are available
- Convenient Buy and Sell entry compared to the original Keltner Channel Strategy
- Optimized for BTCUSD market (maximizing profits)
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이 전략은 TradingView의 Built-in 전략인 Keltner Channel Strategy를 비트코인에 맞게 최적화되었습니다. 기존의 Keltner Channel Strategy는 Buy, Sell 신호가 캔들 중간에 실시간으로 떠서 진입 시점을 예측하기 어려운 불편함이 있었지만 이 전략은 비트코인 가격이 Keltner Channel 상단 혹은 하단을 찍고 종가를 마감하면 그 다음 캔들 시작가에서 Buy 혹은 Sell 진입이 가능하여 편리합니다. 또한, 이 전략은 Keltner Channel을 만나서 캔들을 마감한 가격 (bprice, sprice)을 시각적으로 plot을 제공하여 타점 및 차트를 보기에 편리하며 손절가 및 목표가를 지정한 백테스팅이 가능합니다.
Chaikin Money Flow + MACD + ATRHere I present you on of Trade Pro's Trading Idea: Chaikin Money Flow + MACD + ATR.
This strategy is not as profitable as it can be seen in one of his videos. In the forex market, the strategy could reach a maximum of 35% profitability.
I have, as some of my followers have requested, created an overview of the current position, risk and leverage settings in the form of a table.
Furthermore, one can again swap between short and long positions.
It is now possible to select or deselect individual indicators.
I have chosen the ATR alone as a take profit stop loss, as in his strategy.
A position is only triggered as soon as all prerequisites have been fulfilled and a command is executed. This prevents false triggering by bots and repainting.
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How does the strategy work?
ENTRY
Long
The MACD indicator must be above the zero line.
Then the K line must cross the D line.
Finally, when this happens, the Money Flow Index must be above the zero line.
Short
Contrary to the premise of long positions.
EXIT
ATR Exit
The value of ATR at the time of buying is multiplied by the value entered in "Profit factor ATR" and "Stop factor ATR". As soon as the price reaches this value, it is closed.
Important
The script must be optimized for each coin or currency pair.
I will publish a guide to the strategy shortly. There I will explain how the table works and how to set the strategy correctly.
The results of the strategy are without commissions and leverage.
If you have any questions or feedback, please let me know in the comments.
TradePro's Trading Idea Cipher Divergence EMA Pb StrategyHere I present you on of Trade Pro's Trading Idea: Cipher B+ Divergence EMA Pullback Strategy.
Optimized the crypto pairBTC/USDT in the 30 minute chart.
There is the possibility to switch between short and long positions.
You can choose between 2 different take profit/stop loss types: The Lowest Low/ Highest High Stop Loss/ Take Profit and the ATR Take Profit/ Stop Loss.
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How does the strategy work?
ENTRY
Long
The price must be above the 200 EMA .
The price needs to make a pullback into the 50 EMA .
Right after that, the Cipher B indicator must give a buy signal, it must be below the zero line and the Money Flow cloud must be green.
Short
Contrary to the premise of long positions.
EXIT
Lowest Low/ Highest High Exit
The Lowest Low (long) / highest high (short) serves as the stop loss. The TP is formed on the basis of a factor.
(Long for example: *Lowest Low* multiplied by *Profitfactor* = TP).
ATR Exit
The value of ATR at the time of buying is multiplied by the value entered in "Profit factor ATR" and "Stop factor ATR". As soon as the price reaches this value, it is closed.
Important
The script must be optimized for each coin or currency pair. However, only the values for the profit factor, the stop loss and Lowest Low / Highest High are relevant.
Also, by changing the Chanel Length and the Chanel Average, you can create strong profit changes.
The results of the strategy are without commissions and leverage.
If you have any questions or feedback, please let me know in the comments.
If you need more information about the strategy and want to know exactly how to apply it, check out my profile. There I have created a tutorial for the function of the script.
CryptoKillerCryptoKiller is a trend following trading system. It provides entry and exit points, a money management system and a trade management system.
The entry points (fuchsia line) are determined by CryptoKiller Oscillator (see other published script to understand how the oscillator works).
The trade management system provides the exit points in profit and in loss. This script works with multiple take profits (green lines), the initial position is liquidated little by little as the trend reaches the profit targets. Trade management also provides trailing stop exits to save the remaining profits.
Stop loss (red line) take into account the recent past of the chart to be determined, while take profits are fixed and have been calculated based on historical volatility.
The money management system is very simple, it plans to enter a position with a fixed percentage with respect to equity.
CryptoKiller, during an operation, also draws supports and resistances on the chart - determined by the oscillator (orange lines) these supports and resistances are used as a filter to understand where there is the greatest probability of trend development (some entry points provided by the oscillator will therefore not be considered by CryptoKiller as entry points, as in disagreement with the traced supports / resistances).
We know that an error appears in the backtest calculation, where the script is said to suffer from a bias, so the backtest calculation may not be accurate. Actually this happens in high times like H4 or daily, but CryptoKiller is not designed for these timeframes. it is a short-term strategy.
For more information read the author's instructions to contact us, we will send a PDF file with a more complete explanation of the strategy accompanied by screenshots.
Access to this script is granted along with access to CryptoKiller Oscillator.
RSI+PA+DCA StrategyDear Tradingview community,
This RSI based trading strategy is created as a training exercise. I am not a professional trader, but a committed hobbyist. This not a finished trading strategy meant for trading, but more a combination of different trading ideas I liked to explore deeper. The aim with this exercise was to gain more knowledge and understanding about price averaging and dollar cost averaging strategies. Aside that I wanted to learn how to program a pyramiding strategy, how to plot different order entry layers and how to open positions on a specific time interval.
In this script I adapted code from a couple of strategy examples by Coinrule . Who wrote simple and powerful examples of RSI based strategies and pyramiding strategies.
Also the HOWTO scripts shared by vitvlkv were very helpful for this exercise. In the script description you can find all the sources to the code.
A PA strategy could be a helpful addition to ease the 'stress-management to buy when price drops and resolution in selling when the price is rising' (Coinrule).
The idea behind the strategy is fairly simple and is based on an RSI strategy of buying low. A position is entered when the RSI and moving average conditions are met. The position is closed when it reaches a specified take profit percentage. As soon as the first the position is openend multiple PA (price average) layers are setup based on a specified percentage of price drop. When the price crosses the layer another position with somewhat the same amount of assets is entered. This causes the average cost price (the red plot line) to decrease. If the price drops more, another similar amount of assets is bought with another price average decrease as result. When the price starts rising again the different positions are separately closed when each reaches its specified take profit. The positions can be re-openend when the price drops again. And so on. When the price rises more and crosses over the average price and reached the specified take profit on top of it, it closes all the positions at once and cancels all orders. From that moment on it waits for another price dip before it opens a new position.
Another option is to activate a DCA function that opens a position based on a fixed specified amount. It enters a position at the start of every week and only when there are already other positions openend and if the current price is below the average price of the position. Like this buying on a time interval can help lowering the average price in case the market is down.
I read in some articles that price averaging is also called dollar cost averaging as the result is somewhat the same. Although DCA is really based on buying on fixed time intervals. These strategies are both considered long term investment strategies that can be profitable in the long run and are not suitable for short term investment schemes. The downturn is that the postion size increases when the general market trend is going down and that you have to patiently wait until the market start rising again.
Another notable aspect is that the logic in this strategy works the way it does because the entries are exited based on the FIFO (first in first out) close entry rule. This means that the first exit is applied to the first entry position that is openend. In other words that when the third entry reaches its take profit level and exits, it actually exits the first entry. If you take a close look in the 'List of Trades' of your Strategy Tester panel, you can see that some 'Long1' entries are closed by an 'Exit 3' and not by an 'Exit 1'. This means that your trade partly loses, but causes a decrease in average price that is later balanced out by lower or repeated entering and closing other positions. You can change this logic to a real sequential way of closing your entries, but this changes the averaging logic considerably. In case you want to test this you need to change, in this line in the strategy call 'close_entries_rule = "FIFO"', the word FIFO to ANY.
In the settings you can specify the percentage of portfolio to use for each trade to spread the risk and for each order a trading fee of 0.075% is calculated.
[BTCUSD] DinhChienFX [2 orders]* Historical statistics from 2018:
* Strategy will enter 2 orders, Order 2 will appear only when there is Order 1:
- Percent profitable of 1st order: 64.76%.
- Percent profitable of 2nd order: 49.86%.
- Average percent profitable: 57.31%.
- 14 consecutive wins.
- 4 consecutive losses.
Order 1: risk / reward ratio 1/1 used to determine if this rule is effective or not?
Order 2: Appears when there is order 1, Use take-profit and take-loss level of order 1 at Fibonacci 75%.
. * 1st Order conditions:
- Buy: When the ADX index cuts up to 45, check earlier if the closing price has cut up and is above the Upper 2 line, enter the Buy order.
- Sell: when the ADX indicator cuts up to 45, check before that if the closing price has cut down and is above Lower 2 then enter a Sell order.
* How to enter Order 2: When order 1 appears, there are always Stoploss and Takeprofit levels. Draw Fibonacci from take-profit and take-loss prices, Fibonacci retracement level = 75%
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1. Trend identification:
- Channel Keltner:
... Uptrend: when the closing candlestick cuts up and is above the Keltner channel, the Upper Line 2
... Down trend: when the candle closes and falls above the Keltner Line Lower 2
2. Rules of entry:
- Channel Keltner:
... Buy: Candlestick closing price cuts up and above the Keltner Upper 2.
... Sell: The closing price of the candle cuts down and is lower than the Keltner Below 2.
ADX indicator:
... Buy: The ADX value crossed to 45 and the close of the candle was higher than Keltner Upper 2.
... Sell: ADX value cuts to 45 and the close of the candle is lower than Keltner Below 2.
3. Stoploss and Profit = atr (20) * 2.
supertrend with 2tp by AkHi traders
This strategy is based on two take profit targets and scaling out strategy. The entry rule is very simple. Whenever supertrend show long trade is taken and vice versa...and you have to use minimum 2 contract size
Take Profit and Stop Loss
The first take profit is set at 3 points above the long entry and the second take profit is set at 6 points above the long entry. Meanwhile, the stop loss is set at 3 points below the long entry....u can change points for profit and loss
Money Management
When the first take profit is achieved, half of the position is closed. The rest of the position is open to achieve either second take profit or stop loss.
There are three outcomes when using this strategy. Let's say you enter the trade with 200 lot size and you are risking 2% of your equity.
1. The first outcome is when the price hits stop loss, you lose the entire 2%.
2. The second outcome is when the price hits the first take profit and you close half of your position. Meaning that you have gained 1%. Then you let the trade running and eventually it hits stop loss. The total loss is 0% because the remaining lot size which is 200/2=100 times by 20pips is 1%. You have gained the earlier 1% and then loss 1%. At this point, you are at break even.
3. The third outcome is similar to the second out but instead of hiring stop loss, the trade is running to your favor and hits the second take profit.
Therefore, you gained 1% from the first take profit and you gained another 2% for the second take profit. Your total gained is 3%
I SAHAM AK BUY LOW ____ Multi TimeFrame OversoldThis strategy is built to confirm the profitability of buying oversold using RSI indicator.
Buy & Sell point will appear on price chart.
Entry Point : RSI3, RSI10, AND RSI14 below 26.
Cut Loss : Entry Price - 5%.
Take Profit : Entry Price + 10%.
5 entries allowed in same direction eventhough open trade not yet closed. In layman words, you keep buying new low closing price for 5 times.
Commission fee fixed at 0.08%.
Decent fundamental counter is preferable.
Even at win rate of 50%, it is profitable due to Risk Reward Ratio of 1 to 2.
Buy and Sell Signals (With Stops and TP) - No Repaint
This strategy is primarily based on the MACD-indicator, but signals are filtered with the 200 ema.
This indicator gives you for every trade a stopp loss and take profit line.
As with every other strategy risk management is key. The trades taken have all 1.5:1 risk ratios, so when you lose one trade and win one you are still in profit.
This will only work if you calculate your position size accordingly when actually trading!
Without leverage:
position_size = (portfolio * loss_per_trade) / (stop_loss_in_percent )
Leverage:
position_size = (portfolio * loss_per_trade) / (stop_loss_in_percent * leverage)
For example:
portfolio = 100000
loss_per_trade = 0.01 | I only want to lose 1% per trade
stop_loss_in_percent = 0.04 | The stoploss is 4% away from our entry
(100000 * 0.01) / 0.04 = 2500 => if this trade hits my stop, I will only lose 1 % of my portfolio.
This strategy works well with:
BTCUSD 30m
BANDUSDTPERP 5m
EUR DOLLAR 15m
Of course it can be applied to anything, but you should firstly validate the strategy via backtest for the according trading pair and timeframe as it can perform differenlty in various timeframes.
This script does not repaint.
If you are interested in this strategy dm me.
Good luck on your trades!
Zignaly TutorialThis strategy serves as a beginner's guide to connect TradingView signals to Zignaly Crypto Trading Platform.
It was originally tested at BTCUSDT pair and 1D timeframe.
Before using this documentation it's recommended that you:
Use default TradingView strategy script or another script and setup its associated alert manually. Just make the alert pop-up in the screen.
Create a 'Copy-Trader provider' (or Signal Provider) in Zignaly and send signals to it either thanks to your browser or with some basic programming.
SETTINGS
__ SETTINGS - Capital
(CAPITAL) Capital quote invested per order in USDT units {100.0}. This setting is only used when '(ZIG) Provider type' is set to 'Signal Provider'.
(CAPITAL) Capital percentage invested per order (%) {25.0}. This setting is only used when '(ZIG) Provider type' is set to 'Copy Trader Provider'.
__ SETTINGS - Misc
(ZIG) Enable Alert message {True}: Whether to enable alert message or not.
(DEBUG) Enable debug on order comments {True}: Whether to show alerts on order comments or not.
Number of decimal digits for Prices {2}.
(DECIMAL) Maximum number of decimal for contracts {3}.
__ SETTINGS - Zignaly
(ZIG) Integration type {TradingView only}: Hybrid : Both TradingView and Zignaly handle take profit, trailing stops and stop losses. Useful if you are scared about TradingView not firing an alert. It might arise problems if TradingView and Zignaly get out of sync. TradingView only : TradingView sends entry and exit orders to Zignaly so that Zignaly only buys or sells. Zignaly won't handle stop loss or other settings on its own.
(ZIG) Zignaly Alert Type {WebHook}: 'Email' or 'WebHook'.
(ZIG) Provider type {Copy Trader Provider}: 'Copy Trader Provider' or 'Signal Provider'. 'Copy Trader Provider' sends a percentage to manage. 'Signal Provider' sends a quote to manage.
(ZIG) Exchange: 'Binance' or 'Kucoin'.
(ZIG) Exchange Type {Spot}: 'Spot' or 'Futures'.
(ZIG) Leverage {1}. Set it to '1' when '(ZIG) Exchange Type' is set to 'Spot'.
__ SETTINGS - Strategy
(STRAT) Strategy Type: 'Long and Short', 'Long Only' or 'Short Only'.
(STOPTAKE) Take Profit? {false}: Whether to enable Take Profit.
(STOPTAKE) Stop Loss? {True}: Whether to enable Stop Loss.
(TRAILING) Enable Trailing Take Profit (%) {True}: Whether to enable Trailing Take Profit.
(STOPTAKE) Take Profit % {3.0}: Take profit percentage. This setting is only used when '(STOPTAKE) Take Profit?' setting is set to true.
(STOPTAKE) Stop Loss % {2.0}: Stop loss percentage. This setting is only used when '(STOPTAKE) Stop Loss?' setting is set to true.
(TRAILING) Trailing Take Profit Trigger (%) {2.5}: Trailing Stop Trigger Percentage. This setting is only used when '(TRAILING) Enable Trailing Take Profit (%)' setting is set to true.
(TRAILING) Trailing Take Profit as a percentage of Trailing Take Profit Trigger (%) {25.0}: Trailing Stop Distance Percentage. This setting is only used when '(TRAILING) Enable Trailing Take Profit (%)' setting is set to true.
(RECENT) Number of minutes to wait to open a new order after the previous one has been opened {6}.
DEFAULT SETTINGS
By default this strategy has been setup with these beginner settings:
'(ZIG) Integration type' : TradingView only
'(ZIG) Provider type' : 'Copy Trader Provider'
'(ZIG) Exchange' : 'Binance'
'(ZIG) Exchange Type' : 'Spot'
'(STRAT) Strategy Type' : 'Long Only'
'(ZIG) Leverage' : '1' (Or no leverage)
but you can change those settings if needed.
FIRST STEP
For both future of spot markets you should make sure to change '(ZIG) Zignaly Alert Type' to match either WebHook or Email. If you have a non paid account in TradingView as in October 2020 you would have to use Email which it's free to use.
RECOMMENDED SETTINGS
__ RECOMMENDED SETTINGS - Spot markets
'(ZIG) Exchange Type' setting should be set to 'Spot'
'(STRAT) Strategy Type' setting should be set to 'Long Only'
'(ZIG) Leverage' setting should be set to '1'
__ RECOMMENDED SETTINGS - Future markets
'(ZIG) Exchange Type' setting should be set to 'Futures'
'(STRAT) Strategy Type' setting should be set to 'Long and Short'
'(ZIG) Leverage' setting might be changed if desired.
__ RECOMMENDED SETTINGS - Signal Providers
'(ZIG) Provider type' setting should be set to 'Signal Provider'
'(CAPITAL) Capital quote invested per order in USDT units' setting might be changed if desired.
__ RECOMMENDED SETTINGS - Copy Trader Providers
'(ZIG) Provider type' setting should be set to 'Copy Trader Provider'
'(CAPITAL) Capital percentage invested per order (%)' setting might be changed if desired.
Strategy Properties setting: 'Initial Capital' might be changed if desired.
INTEGRATION TYPE EXPLANATION
'Hybrid': Both TradingView and Zignaly handle take profit, trailing stops and stop losses. Useful if you are scared about TradingView not firing an alert. It might arise problems if TradingView and Zignaly get out of sync.
'TradingView only': TradingView sends entry and exit orders to Zignaly so that Zignaly only buys or sells. Zignaly won't handle stop loss or other settings on its own.
HOW TO USE THIS STRATEGY
Beginner: Copy and paste the strategy and change it to your needs. Turn off '(DEBUG) Enable debug on order comments' setting.
Medium: Reuse functions and inputs from this strategy into your own as if it was a library.
Advanced: Check Strategy Tester. List of trades. Copy and paste the different suggested 'alert_message' variable contents to your script.
Expert: I needed a way to pass data from TradingView script to the alert. Now I know it's the 'alert_message' variable. I can do this own my own.
ALERTS SETUP
This is the important piece of information that allows you to connect TradingView to Zignaly in a semi-automatic manner.
__ ALERTS SETUP - WebHook
Webhook URL: https : // zignaly . com / api / signals.php?key=MYSECRETKEY
Message: { {{strategy.order.alert_message}} , "key" : "MYSECRETKEY" }
__ ALERTS SETUP - Email
Setup a new Hotmail account
Add it as an 'SMS email' in TradingView Profile settings page.
Confirm your own the email address
Create a rule in your Hotmail account that 'Redirects' (not forwards) emails to 'signals @ zignaly . email' when (1): 'Subject' includes 'Alert', (2): 'Email body' contains string 'MYZIGNALYREDIRECTTRIGGER' and (3): 'From' contains 'noreply @ tradingview . com'.
In 'More Actions' check: Send Email-to-SMS
Message: ||{{strategy.order.alert_message}}||key=MYSECRETKEY||
MYZIGNALYREDIRECTTRIGGER
'(DEBUG) Enable debug on order comments' is turned on by default so that you can see in the Strategy Tester. List of Trades. The different orders alert_message that would have been sent to your alert. You might want to turn it off it some many letters in the screen is problem.
STRATEGY ADVICE
If you turn on 'Take Profit' then turn off 'Trailing Take Profit'.
ZIGNALY SIDE ADVICE
If you are a 'Signal Provider' make sure that 'Allow reusing the same signalId if there isn't any open position using it?' setting in the profile tab is set to true.
You can find your 'MYSECRETKEY' in your 'Copy Trader/Signal' provider Edit tab at 'Signal URL'.
ADDITIONAL ZIGNALY DOCUMENTATION
docs . zignaly . com / signals / how-to -- How to send signals to Zignaly
3 Ways to send signals to Zignaly
SIGNALS
FINAL REMARKS
This strategy tries to match the Pine Script Coding Conventions as best as possible.
[NLX-L3] Backtest- Introduction -
This backtest module is part of my new modular trading framework - however it can be used with any indicator that has a signal plot output (1 = long / -1 = short)
I chose to release this one first, I've got all the modules for the framework ready and they going to be released in the coming days. Got to start somewhere... ;)
This trading framework is the result of many years experience building indicators and trading strategies.
I couldn’t find a trading framework in Pine Script that would suit my needs and so I started to design my own from scratch. I’m trading with this framework myself so I’ve made sure that it’s flexible and absolutely reliable in a live-trading environment.
- Architecture -
What makes this framework so flexible is the modular architecture, different layers that all serve a very specific purpose.
You will notice that the module names include either L1 - L2 or L3:
- Layer 1 (L1) is the base layer and the foundation. L1 indicators are used to determine the trend, volume profile and filter noise. You would use L1 to see if it’s a good time to trade, what is the direction - or if it's better to trade at all in unfavourable conditions
- Layer 2 (L2) receives the result of L1 and if the market conditions are good the L2 indicator looks for an optimal entry point to go long or short. It is possible to combine several L2 indicators and trigger a long/short signal only if all L2 indicators agree.
- Layer 3 (L3) receives the final signal from L2 and it’s where we can now backtest the result of our trading strategy and trigger trade alerts with help of the alert module.
- Features -
External Input Source (any indicator with signal plot can be used)
Safe Entries Option: Enter a trade only if the position is profitable ad the momentum allows
Pyramid Entries
Partial Take-Profit: %-Step Interval and Quantity per Step
Stop Methods: Trailing Stop, TP/SL with ATR Option, several type of stop bands...
Profit/Loss Label with Fee, Slippage and Leverage Calculation
- Upcoming Modules -
I'll release a couple of great indicators and filter in the coming days...
Trend Score (includes 10 different Trend and Filter algorithms)
Breakouts & Pullbacks
QQE++
True Range Filter
Support / Resistance
Consolidation Range Breakouts
- Alerts & Trading Automation -
Will be released shortly. Check my signature below.
