RM StratThis is my attempt to code up the rules of "The Strat." I've seen other scripts that do parts of what my script does, but this script combines all of them into one script and allows the user control over how they interact with each other.
What's in this indicator?
Show the Strat Candle Numbers (1 - inside bar, 2 - continuation bar, 3 - outside bar) on the chart.
Show a widget off to the right of the chart for multi-timeframe analysis. This widget tells you whether the D/W/M/Q candles are currently green or red as well as the Candle type (White Circle - (1) Inside Bar, Up Green Arrow - (2U) Continuation Bar, Down Red Arrow - (2D) Continuation Bar, Green/Red Square - (3) Outside Bar)
Integrates the long and short rules into the chart. These can also be turned off if you don't want to see them. Note: this is a simplified version of these rules - if you look at the cheat sheets floating around the internet, you'll notice that all trade initiations occur on a break of the high (for longs) or low (for shorts) of the previous candle as long as that previous candle was not a 2. So that's my only rule for going long or short. I think it matches well with the cheat sheets but is way simpler to code and to think of how it works. The other benefit is it shows you failed trades that the cheat sheet won't catch - where a 2 becomes a 3 in the other direction and stops you out. You'll see that now with this script.
Ability to filter out the long/short rules based on the timeframe continuity of the higher timeframe candles. This is user-configurable so that you can experiment with timeframe continuity and see how strict you want to be with this on your trades.
Show the high/low of the Day, Week, and Month on your chart as horizontal lines that you can use as a reference. This could be used for planning profit targets or seeing how likely a reversal might indicate moving into timeframe continuity.
Cari dalam skrip untuk "the strat"
Flawless Victory Strategy - 15min BTC Machine Learning StrategyHello everyone, I am a heavy Python programmer bringing machine learning to TradingView. This 15 minute Bitcoin Long strategy was created using a machine learning library and 1 year of historical data in Python. Every parameter is hyper optimized to bring you the most profitable buy and sell signals for Bitcoin on the 15min chart. The historical Bitcoin data was gathered from Binance API, in case you want to know the best exchange to use this long strategy. It is a simple Bollinger Band and RSI strategy with two versions included in the tradingview settings. The first version has a Sharpe Ratio of 7.5 which is amazing, and the second version includes the best stop loss and take profit positions with a Sharpe Ratio of 2.5 . Let me talk a little bit more about how the strategy works. The buy signal is triggered when close price is less than lower Bollinger Band at Std Dev 1, and the RSI is greater than a certain value. The sell signal is triggered when close price is greater than upper Bollinger Band at Std Dev 1, and the RSI is greater than a certain value. What makes this strategy interesting is the parameters the Machine Learning library found when backtesting for the best Sharpe Ratio. I left my computer on for about 28 hours to fully backtest 5000 EPOCHS and get the results. I was able to create a great strategy that might be one of TradingView's best strategies out on the website today. I will continue to apply machine learning to all my strategies from here on forward. Please Let me know if you have any questions or certain strategies you would like me to hyper optimize for you. I'm always willing to create profitable strategies!
P.S. You can always pyramid this strategy for more gains! I just don't add pyramiding when creating my strategies because I want to show you the true win/loss ratio based buying one time and one selling one time. I feel like when creating a strategy that includes pyramiding right off the bat falsifies the win rate. This is my way of being transparent with you all. Have fun trading!
Oscillator Evaluator (Analysis tool)Oscillator Evaluator (Analysis tool)
The oscillator evaluator is a tool that will help you analyse and compare the oscillator of your choice to another 2 oscillators.
By selecting the strategy with which you will analyze the oscillators, you will be able to see the behaviour of the oscillators in different aspects.
First there is a moving average increase or decrease strategy, that will give you a good idea of the correlation of the oscillator with the price.
The second is a commom 2 MA crossover strategy, that will give you and idea of the validaty of that oscillator as a strategy or as a trend filter.
The third strategy is a cross over 0 signal, that will go long on a crossover of 0 and short on a crossunder 0. This helps you see how good is the oscillator at evaluating suport and resistance areas and give you an idea of its balance.
The forth strategy is a Buy/Sell on extremes of the oscillator and will let you know how good is your strategy at spotting good places to buy and sell.
The fith strategy is to evaluate how goood the oscillator is as a mean reversion filter or how good it is at spotting small price changes.
The sixth strategy is similar to the last but is focused on how good is the oscillator spotting good places to take profits on trending strategies.
The 6 strategies in the script produce signals from the oscillator and from the oscillator only.
In conclusion this tool can be used to measure your oscillator and see if it really is as good as you think in comparison to others.
This script is not intended to be used as a full strategy but as a tool.
Ultimate Strategy TemplateHello Traders
As most of you know, I'm a member of the PineCoders community and I sometimes take freelance pine coding jobs for TradingView users.
Off the top of my head, users often want to:
- convert an indicator into a strategy, so as to get the backtesting statistics from TradingView
- add alerts to their indicator/strategy
- develop a generic strategy template which can be plugged into (almost) any indicator
My gift for the community today is my Ultimate Strategy Template
Step 1: Create your connector
Adapt your indicator with only 2 lines of code and then connect it to this strategy template.
For doing so:
1) Find in your indicator where are the conditions printing the long/buy and short/sell signals.
2) Create an additional plot as below
I'm giving an example with a Two moving averages cross.
Please replicate the same methodology for your indicator wether it's a MACD, ZigZag, Pivots, higher-highs, lower-lows or whatever indicator with clear buy and sell conditions
//@version=4
study(title='Moving Average Cross', shorttitle='Moving Average Cross', overlay=true, precision=6, max_labels_count=500, max_lines_count=500)
type_ma1 = input(title="MA1 type", defval="SMA", options= )
length_ma1 = input(10, title = " MA1 length", type=input.integer)
type_ma2 = input(title="MA2 type", defval="SMA", options= )
length_ma2 = input(100, title = " MA2 length", type=input.integer)
// MA
f_ma(smoothing, src, length) =>
iff(smoothing == "RMA", rma(src, length),
iff(smoothing == "SMA", sma(src, length),
iff(smoothing == "EMA", ema(src, length), src)))
MA1 = f_ma(type_ma1, close, length_ma1)
MA2 = f_ma(type_ma2, close, length_ma2)
// buy and sell conditions
buy = crossover(MA1, MA2)
sell = crossunder(MA1, MA2)
plot(MA1, color=color_ma1, title="Plot MA1", linewidth=3)
plot(MA2, color=color_ma2, title="Plot MA2", linewidth=3)
plotshape(buy, title='LONG SIGNAL', style=shape.circle, location=location.belowbar, color=color_ma1, size=size.normal)
plotshape(sell, title='SHORT SIGNAL', style=shape.circle, location=location.abovebar, color=color_ma2, size=size.normal)
/////////////////////////// SIGNAL FOR STRATEGY /////////////////////////
Signal = buy ? 1 : sell ? -1 : 0
plot(Signal, title="🔌Connector🔌", transp=100)
Basically, I identified my buy, sell conditions in the code and added this at the bottom of my indicator code
Signal = buy ? 1 : sell ? -1 : 0
plot(Signal, title="🔌Connector🔌", transp=100)
Important Notes
🔥 The Strategy Template expects the value to be exactly 1 for the bullish signal , and -1 for the bearish signal
Now you can connect your indicator to the Strategy Template using the method below or that one
Step 2: Connect the connector
1) Add your updated indicator to a TradingView chart
2) Add the Strategy Template as well to the SAME chart
3) Open the Strategy Template settings and in the Data Source field select your 🔌Connector🔌 (which comes from your indicator)
From then, you should start seeing the signals and plenty of other stuff on your chart
🔥 Note that whenever you'll update your indicator values, the strategy statistics and visual on your chart will update in real-time
Settings
- Color Candles : Color the candles based on the trade state (bullish, bearish, neutral)
- Close positions at market at the end of each session : useful for everything but cryptocurrencies
- Session time ranges : Take the signals from a starting time to an ending time
- Close Direction : Choose to close only the longs, shorts, or both
- Date Filter : Take the signals from a starting date to an ending date
- Set the maximum losing streak length with an input
- Set the maximum winning streak length with an input
- Set the maximum consecutive days with a loss
- Set the maximum drawdown (in % of strategy equity)
- Set the maximum intraday loss in percentage
- Limit the number of trades per day
- Limit the number of trades per week
- Stop-loss: None or Percentage or Trailing Stop Percentage or ATR
- Take-Profit: None or Percentage or ATR
- Risk-Reward based on ATR multiple for the Stop-Loss and Take-Profit
This script is open-source so feel free to use it, and optimize it as you want
Alerts
Maybe you didn't know it but alerts are available on strategy scripts.
I added them in this template - that's cool because:
- if you don't know how to code, now you can connect your indicator and get alerts
- you have now a cool template showing you how to create alerts for strategy scripts
Source: www.tradingview.com
I hope you'll like it, use it, optimize it and most importantly....make some optimizations to your indicators thanks to this Strategy template
Special Thanks
Special thanks to @JosKodify as I borrowed a few risk management snippets from his website: kodify.net
Additional features
I thought of plenty of extra filters that I'll add later on this week on this strategy template
Best
Dave
DMI Modified StrategyAs promised a strategy of my DMI Modified indicator! (See link below for indicator).
=== How does it work? ===
Instead of plotting the positive direction of +DI and negative direction for -DI, we subtract the +DI with the -DI on scales of 100 to -100.
The result is plotted with a oscillator to identify the current trend.
DMI Modified supports multiple moving averages (default is EMA with length of 9). You can disable moving averages smoothing in settings.
//== About the Strategy ==
Buys when the line crosses over the Zero line.
Sells when the line crosses under the Zero line.
The DMI modified strategy is pretty much clean, without any filtering besides the DMI Modified and a moving average to smooth it.
Works best to catch a trend and more suitable for 1 hour and above time frame. Stay tuned for updates.
On sideways you will get more false signals. as i said , it's a clean version without much bells and whistles for you to experiment.
== Oscillator Colors ==
GREEN : Strong Up Trend as DMI Modified is above zero line and DMI modified is ascending.
LIGHT GREEN: Still up trend but weakening as DMI modified is above zero but descending.
RED: Strong Downtrend as DMI Modified is below zero line and DMI modified is descending.
LIGHT RED: Still down trending but weakening as DMI modified is below zero but ascending.
== Notes ==
Short is enabled by default.
Bar coloring is disabled by default.
== Links ==
DMI modified indicator:
Like if you like and Enjoy! Follow for more upcoming indicators/strategies: www.tradingview.com
Bull Call Spread Entry StrategyThis strategy script uses the "Spread Entry Strength" overlay indicator script I designed to show entry timing optimized for an Option Bull
Call Spread.
As for this strategy...
The defaults for the strategy itself are as follows:
Period for strategy: 1/1/18 to 12/1/2021. This can be changed to a different period using the settings.
Condition for entry:
Bull Spread Entry Strength >= "Overlay Signal Strength Level"
Limit entry is used, price must be <= close when signaled
Entry occurs by next day or the order is cancelled
Condition for exit (uses a timed exit):
Bars passed since order entry >= 30 (6 weeks..~42 calendar days)
Thursday (day before "option" expiration date... assuming weekly options exist)
All of the user settings from the overlay are pulled into this for customization purposes. Details of the actual Spread Entry Strength overlay are as follows (copied from my shared indicator):
2 background shadings will occur:
The background will shade blue if the ticker is prime for a Bullish Call spread.
The background will shade purple if the the ticker is prime for a Bearish Put spread.
In theory, if the SE Strength is at one of the extremes of the Bear or Bull side, then a spread is prime for entry.
To calculate this, 8 conditions receive a 1 or zero dependent on whether the condition is true (1) or false (0), and then all of those are summed. The primary gist of the strength comes from Nishant's book, or my interpretation thereof, with some additives that limits what I need to review (such as condition 8 below.)
The 8 Bull Conditions are:
1) Bollinger Bands are outside of the Keltner Channels
2) ADX is trending up
3) RSI is trending up
4) -DI is trending down
5) RSI is under 30
6) Price is below the lower Keltner Channel
7) Price is between the lower Bollinger Band and the Bollinger basis.
8) Price at one point within the last 5 bars was below the lower Bollinger Band
The 8 Bear Conditions are the inverse conditions (except the first):
1) Bollinger Bands are outside of the Keltner Channels
2) ADX is trending down
3) RSI is trending down
4) +DI is trending up
5) RSI is over 70
6) Price is above the upper Keltner Channel
7) Price is between the upper Bollinger Band and the Bollinger basis.
8) Price at one point within the last 5 bars was above the upper Bollinger Band
There is a "market noise" filter that will filter out shading when another market move is considered, i.e. if you don't want to see the potential trade when QQQ moves more than 1% then do the following in the settings:
Check "Market Filter"
Enter QQQ in the "Market Ticker To Use"
Enter 1 in the "Market Too Hot Level"
Press Ok
Obviously, the same holds true for the "Market Too Cool Filter."
Second release notes:
Overlay Signal Strength Level - You can set your own "level" for the overlay in the settings, instead of having to change the script code itself. I have the default set to 6. A lower number shows more overlays, a higher number shows fewer (i.e. more conditions have been met.).
Provide Narrative (Troubleshooting) - Narrative label created with several outputs that will show after the last bar. This narrative needs to be turned on in the settings, as the default is "off" ... unchecked.
Remove Strength Indicator When Squeezed - when checked no overlays will be produced regardless of "scoring." Default is off.
Show Squeezes (Will Override Indicator When Concurrent) - overlays an orange background when the ticker is in a squeeze. I am still working on the accuracy here, but it's usable. This will override the strength indicator as well. This needs to be turned on, if you want it.
Short SMA Period - period used to calculate the short SMA, used in the narrative only, at this point in time.
Medium SMA Period - period used to calculate the medium SMA, used in the narrative only, at this point in time.
Long SMA Period - period used to calculate the medium SMA, used in the narrative only, at this point in time.
Outside of the settings... a few calculation adjustments here and there have occurred and some color shading adjustments to allow for the adjustable level setting.
Universal Global SessionUniversal Global Session
This Script combines the world sessions of: Stocks, Forex, Bitcoin Kill Zones, strategic points, all configurable, in a single Script, to capitalize the opening and closing times of global exchanges as investment assets, becoming an Universal Global Session .
It is based on the great work of @oscarvs ( BITCOIN KILL ZONES v2 ) and the scripts of @ChrisMoody. Thank you Oscar and Chris for your excellent judgment and great work.
At the end of this writing you can find all the internet references of the extensive documentation that I present here. To maximize your benefits in the use of this Script, I recommend that you read the entire document to create an objective and practical criterion.
All the hours of the different exchanges are presented at GMT -6. In Market24hClock you can adjust it to your preferences.
After a deep investigation I have been able to show that the different world sessions reveal underlying investment cycles, where it is possible to find sustained changes in the nominal behavior of the trend before the passage from one session to another and in the natural overlaps between the sessions. These underlying movements generally occur 15 minutes before the start, close or overlap of the session, when the session properly starts and also 15 minutes after respectively. Therefore, this script is designed to highlight these particular trending behaviors. Try it, discover your own conclusions and let me know in the notes, thank you.
Foreign Exchange Market Hours
It is the schedule by which currency market participants can buy, sell, trade and speculate on currencies all over the world. It is open 24 hours a day during working days and closes on weekends, thanks to the fact that operations are carried out through a network of information systems, instead of physical exchanges that close at a certain time. It opens Monday morning at 8 am local time in Sydney —Australia— (which is equivalent to Sunday night at 7 pm, in New York City —United States—, according to Eastern Standard Time), and It closes at 5pm local time in New York City (which is equivalent to 6am Saturday morning in Sydney).
The Forex market is decentralized and driven by local sessions, where the hours of Forex trading are based on the opening range of each active country, becoming an efficient transfer mechanism for all participants. Four territories in particular stand out: Sydney, Tokyo, London and New York, where the highest volume of operations occurs when the sessions in London and New York overlap. Furthermore, Europe is complemented by major financial centers such as Paris, Frankfurt and Zurich. Each day of forex trading begins with the opening of Australia, then Asia, followed by Europe, and finally North America. As markets in one region close, another opens - or has already opened - and continues to trade in the currency market. The seven most traded currencies in the world are: the US dollar, the euro, the Japanese yen, the British pound, the Australian dollar, the Canadian dollar, and the New Zealand dollar.
Currencies are needed around the world for international trade, this means that operations are not dominated by a single exchange market, but rather involve a global network of brokers from around the world, such as banks, commercial companies, central banks, companies investment management, hedge funds, as well as retail forex brokers and global investors. Because this market operates in multiple time zones, it can be accessed at any time except during the weekend, therefore, there is continuously at least one open market and there are some hours of overlap between the closing of the market of one region and the opening of another. The international scope of currency trading means that there are always traders around the world making and satisfying demands for a particular currency.
The market involves a global network of exchanges and brokers from around the world, although time zones overlap, the generally accepted time zone for each region is as follows:
Sydney 5pm to 2am EST (10pm to 7am UTC)
London 3am to 12 noon EST (8pm to 5pm UTC)
New York 8am to 5pm EST (1pm to 10pm UTC)
Tokyo 7pm to 4am EST (12am to 9am UTC)
Trading Session
A financial asset trading session refers to a period of time that coincides with the daytime trading hours for a given location, it is a business day in the local financial market. This may vary according to the asset class and the country, therefore operators must know the hours of trading sessions for the securities and derivatives in which they are interested in trading. If investors can understand market hours and set proper targets, they will have a much greater chance of making a profit within a workable schedule.
Kill Zones
Kill zones are highly liquid events. Many different market participants often come together and perform around these events. The activity itself can be event-driven (margin calls or option exercise-related activity), portfolio management-driven (asset allocation rebalancing orders and closing buy-in), or institutionally driven (larger players needing liquidity to complete the size) or a combination of any of the three. This intense cross-current of activity at a very specific point in time often occurs near significant technical levels and the established trends emerging from these events often persist until the next Death Zone approaches or enters.
Kill Zones are evolving with time and the course of world history. Since the end of World War II, New York has slowly invaded London's place as the world center for commercial banking. So much so that during the latter part of the 20th century, New York was considered the new center of the financial universe. With the end of the cold war, that leadership appears to have shifted towards Europe and away from the United States. Furthermore, Japan has slowly lost its former dominance in the global economic landscape, while Beijing's has increased dramatically. Only time will tell how these death zones will evolve given the ever-changing political, economic, and socioeconomic influences of each region.
Financial Markets
New York
New York (NYSE Chicago, NASDAQ)
7:30 am - 2:00 pm
It is the second largest currency platform in the world, followed largely by foreign investors as it participates in 90% of all operations, where movements on the New York Stock Exchange (NYSE) can have an immediate effect (powerful) on the dollar, for example, when companies merge and acquisitions are finalized, the dollar can instantly gain or lose value.
A. Complementary Stock Exchanges
Brazil (BOVESPA - Brazilian Stock Exchange)
07:00 am - 02:55 pm
Canada (TSX - Toronto Stock Exchange)
07:30 am - 02:00 pm
New York (NYSE - New York Stock Exchange)
08:30 am - 03:00 pm
B. North American Trading Session
07:00 am - 03:00 pm
(from the beginning of the business day on NYSE and NASDAQ, until the end of the New York session)
New York, Chicago and Toronto (Canada) open the North American session. Characterized by the most aggressive trading within the markets, currency pairs show high volatility. As the US markets open, trading is still active in Europe, however trading volume generally decreases with the end of the European session and the overlap between the US and Europe.
C. Strategic Points
US main session starts in 1 hour
07:30 am
The euro tends to drop before the US session. The NYSE, CHX and TSX (Canada) trading sessions begin 1 hour after this strategic point. The North American session begins trading Forex at 07:00 am.
This constitutes the beginning of the overlap of the United States and the European market that spans from 07:00 am to 10:35 am, often called the best time to trade EUR / USD, it is the period of greatest liquidity for the main European currencies since it is where they have their widest daily ranges.
When New York opens at 07:00 am the most intense trading begins in both the US and European markets. The overlap of European and American trading sessions has 80% of the total average trading range for all currency pairs during US business hours and 70% of the total average trading range for all currency pairs during European business hours. The intersection of the US and European sessions are the most volatile overlapping hours of all.
Influential news and data for the USD are released between 07:30 am and 09:00 am and play the biggest role in the North American Session. These are the strategically most important moments of this activity period: 07:00 am, 08:00 am and 08:30 am.
The main session of operations in the United States and Canada begins
08:30 am
Start of main trading sessions in New York, Chicago and Toronto. The European session still overlaps the North American session and this is the time for large-scale unpredictable trading. The United States leads the market. It is difficult to interpret the news due to speculation. Trends develop very quickly and it is difficult to identify them, however trends (especially for the euro), which have developed during the overlap, often turn the other way when Europe exits the market.
Second hour of the US session and last hour of the European session
09:30 am
End of the European session
10:35 am
The trend of the euro will change rapidly after the end of the European session.
Last hour of the United States session
02:00 pm
Institutional clients and very large funds are very active during the first and last working hours of almost all stock exchanges, knowing this allows to better predict price movements in the opening and closing of large markets. Within the last trading hours of the secondary market session, a pullback can often be seen in the EUR / USD that continues until the opening of the Tokyo session. Generally it happens if there was an upward price movement before 04:00 pm - 05:00 pm.
End of the trade session in the United States
03:00 pm
D. Kill Zones
11:30 am - 1:30 pm
New York Kill Zone. The United States is still the world's largest economy, so by default, the New York opening carries a lot of weight and often comes with a huge injection of liquidity. In fact, most of the world's marketable assets are priced in US dollars, making political and economic activity within this region even more important. Because it is relatively late in the world's trading day, this Death Zone often sees violent price swings within its first hour, leading to the proven adage "never trust the first hour of trading in America. North.
---------------
London
London (LSE - London Stock Exchange)
02:00 am - 10:35 am
Britain dominates the currency markets around the world, and London is its main component. London, a central trading capital of the world, accounts for about 43% of world trade, many Forex trends often originate from London.
A. Complementary Stock Exchange
Dubai (DFM - Dubai Financial Market)
12:00 am - 03:50 am
Moscow (MOEX - Moscow Exchange)
12:30 am - 10:00 am
Germany (FWB - Frankfurt Stock Exchange)
01:00 am - 10:30 am
Afríca (JSE - Johannesburg Stock Exchange)
01:00 am - 09:00 am
Saudi Arabia (TADAWUL - Saudi Stock Exchange)
01:00 am - 06:00 am
Switzerland (SIX - Swiss Stock Exchange)
02:00 am - 10:30 am
B. European Trading Session
02:00 am - 11:00 am
(from the opening of the Frankfurt session to the close of the Order Book on the London Stock Exchange / Euronext)
It is a very liquid trading session, where trends are set that start during the first trading hours in Europe and generally continue until the beginning of the US session.
C. Middle East Trading Session
12:00 am - 06:00 am
(from the opening of the Dubai session to the end of the Riyadh session)
D. Strategic Points
European session begins
02:00 am
London, Frankfurt and Zurich Stock Exchange enter the market, overlap between Europe and Asia begins.
End of the Singapore and Asia sessions
03:00 am
The euro rises almost immediately or an hour after Singapore exits the market.
Middle East Oil Markets Completion Process
05:00 am
Operations are ending in the European-Asian market, at which time Dubai, Qatar and in another hour in Riyadh, which constitute the Middle East oil markets, are closing. Because oil trading is done in US dollars, and the region with the trading day coming to an end no longer needs the dollar, consequently, the euro tends to grow more frequently.
End of the Middle East trading session
06:00 am
E. Kill Zones
5:00 am - 7:00 am
London Kill Zone. Considered the center of the financial universe for more than 500 years, Europe still has a lot of influence in the banking world. Many older players use the European session to establish their positions. As such, the London Open often sees the most significant trend-setting activity on any trading day. In fact, it has been suggested that 80% of all weekly trends are set through the London Kill Zone on Tuesday.
F. Kill Zones (close)
2:00 pm - 4:00 pm
London Kill Zone (close).
---------------
Tokyo
Tokyo (JPX - Tokyo Stock Exchange)
06:00 pm - 12:00 am
It is the first Asian market to open, receiving most of the Asian trade, just ahead of Hong Kong and Singapore.
A. Complementary Stock Exchange
Singapore (SGX - Singapore Exchange)
07:00 pm - 03:00 am
Hong Kong (HKEx - Hong Kong Stock Exchange)
07:30 pm - 02:00 am
Shanghai (SSE - Shanghai Stock Exchange)
07:30 pm - 01:00 am
India (NSE - India National Stock Exchange)
09:45 pm - 04:00 am
B. Asian Trading Session
06:00 pm - 03:00 am
From the opening of the Tokyo session to the end of the Singapore session
The first major Asian market to open is Tokyo which has the largest market share and is the third largest Forex trading center in the world. Singapore opens in an hour, and then the Chinese markets: Shanghai and Hong Kong open 30 minutes later. With them, the trading volume increases and begins a large-scale operation in the Asia-Pacific region, offering more liquidity for the Asian-Pacific currencies and their crosses. When European countries open their doors, more liquidity will be offered to Asian and European crossings.
C. Strategic Points
Second hour of the Tokyo session
07:00 pm
This session also opens the Singapore market. The commercial dynamics grows in anticipation of the opening of the two largest Chinese markets in 30 minutes: Shanghai and Hong Kong, within these 30 minutes or just before the China session begins, the euro usually falls until the same moment of the opening of Shanghai and Hong Kong.
Second hour of the China session
08:30 pm
Hong Kong and Shanghai start trading and the euro usually grows for more than an hour. The EUR / USD pair mixes up as Asian exporters convert part of their earnings into both US dollars and euros.
Last hour of the Tokyo session
11:00 pm
End of the Tokyo session
12:00 am
If the euro has been actively declining up to this time, China will raise the euro after the Tokyo shutdown. Hong Kong, Shanghai and Singapore remain open and take matters into their own hands causing the growth of the euro. Asia is a huge commercial and industrial region with a large number of high-quality economic products and gigantic financial turnover, making the number of transactions on the stock exchanges huge during the Asian session. That is why traders, who entered the trade at the opening of the London session, should pay attention to their terminals when Asia exits the market.
End of the Shanghai session
01:00 am
The trade ends in Shanghai. This is the last trading hour of the Hong Kong session, during which market activity peaks.
D. Kill Zones
10:00 pm - 2:00 am
Asian Kill Zone. Considered the "Institutional" Zone, this zone represents both the launch pad for new trends as well as a recharge area for the post-American session. It is the beginning of a new day (or week) for the world and as such it makes sense that this zone often sets the tone for the remainder of the global business day. It is ideal to pay attention to the opening of Tokyo, Beijing and Sydney.
--------------
Sidney
Sydney (ASX - Australia Stock Exchange)
06:00 pm - 12:00 am
A. Complementary Stock Exchange
New Zealand (NZX - New Zealand Stock Exchange)
04:00 pm - 10:45 pm
It's where the global trading day officially begins. While it is the smallest of the megamarkets, it sees a lot of initial action when markets reopen Sunday afternoon as individual traders and financial institutions are trying to regroup after the long hiatus since Friday afternoon. On weekdays it constitutes the end of the current trading day where the change in the settlement date occurs.
B. Pacific Trading Session
04:00 pm - 12:00 am
(from the opening of the Wellington session to the end of the Sydney session)
Forex begins its business hours when Wellington (New Zealand Exchange) opens local time on Monday. Sydney (Australian Stock Exchange) opens in 2 hours. It is a session with a fairly low volatility, configuring itself as the calmest session of all. Strong movements appear when influential news is published and when the Pacific session overlaps the Asian Session.
C. Strategic Points
End of the Sydney session
12:00 am
---------------
Conclusions
The best time to trade is during overlaps in trading times between open markets. Overlaps equate to higher price ranges, creating greater opportunities.
Regarding press releases (news), it should be noted that these in the currency markets have the power to improve a normally slow trading period. When a major announcement is made regarding economic data, especially when it goes against the predicted forecast, the coin can lose or gain value in a matter of seconds. In general, the more economic growth a country produces, the more positive the economy is for international investors. Investment capital tends to flow to countries that are believed to have good growth prospects and subsequently good investment opportunities, leading to the strengthening of the country's exchange rate. Also, a country that has higher interest rates through its government bonds tends to attract investment capital as foreign investors seek high-yield opportunities. However, stable economic growth and attractive yields or interest rates are inextricably intertwined. It's important to take advantage of market overlaps and keep an eye out for press releases when setting up a trading schedule.
References:
www.investopedia.com
www.investopedia.com
www.investopedia.com
www.investopedia.com
market24hclock.com
market24hclock.com
Power X Strategy Back-testThis script back-test the Power X Strategy developed by Markus Heitkoetter and Rockwell Trading. For more detail about the strategy, please refer to "The PowerX Strategy: How to Trade Stocks and Options in Only 15 Minutes a Day" written by Markus Heitkoetter. Note that this script is not publish, develop or maintain by Rockwell Trading, and may have different results. Rockwell Trading has a powerful software called Power X Optimizer, which scan, back-test and optimize the best stock for the strategy.
The Power X Strategy uses RSI , Slow Stochastic and MACD indicators under the hood. When RSI and slow Stochastic are both greater than 50 and MACD crosses up the signal line, it marks as up-trend. If RSI and slow stochastic are both less than 50 and MACD crosses down the signal line, it marks as down-trend. Other are mark as no trend.
This back-test makes a long entry with an up-trend momentum and short entry with down-trend momentum. Trade is exited when profit target or stop lose is reach. Profit target and stop lose is calculated based on 7 days Average Daily Range (ADR).
If the either of the momentum is lost, trade is exited the next day. It also skips the entire month of March 2020, since the market crash and is not in a normal market condition for the strategy.
Simple Momentum Strategy Based on SMA, EMA and VolumeA simple, non short selling (long positions only, i.e. buy low and sell high) strategy. Strategy makes use of simple SMA, EMA and Volume indicators to attempt to enter the market at the most optimum time (i.e. when momentum and price are moving upwards). Optimum time is defined mainly by picking best timing for price moves higher based on upwards momentum.
This script is targeted / meant for an average/typical trader or investor. This is why a non short selling approach was selected for optimisation for this strategy because "typpical", "average" traders and investors usually use basic (i.e. minimum fees / free membership) exchanges that would not usually offer short selling functionality (at least without additional fees). The assumption used here is that only advanced and sophisticated traders and investors would pay for advanced trading platforms that enable short selling, have a risk appetite for short selling and thus use short selling as a strategy.
The results of the strategy are:
In an overall roughly bearish market (backward testing from beginning to end of 2018) i.e. the market immediately following the highs of around 20k USD per BTC, this strategy made a loss of £3231 USD on trades of a maximum of 1 BTC per long position.
But in an overall bullish market, it makes a profit of about $6800 USD from beginning of 2019 onwards by trading a maximum of 1 BTC per long position.
NOTE: All trading involves high risk. Most strategies use past performance and behaviour as indicators of future performance and that is not necessarily indicative of future results. Hypothetical or simulated performance results have certain inherent limitations too. One limitation is that unlike an actual performance record, simulated results do not represent actual trading and since the trades have not actually been executed, the results of those trades themselves do not have any influence on actual market results, which in real life they would have had (no matter how minor). Additionally, simulated results may have under or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also, by their nature, designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
Gap Filling Strategy Gaps are market prices structures that appear frequently in the stock market, and can be detected when the opening price is different from the previous closing price, this is why gaps are also called "opening price jumps". While gaps can occur frequently, some of them are more significant than others, and can be observed when looking at a long term chart.
The following strategy is based on the exploitation of significant gaps occurring during a new session, and posses various options that can return a wide variety of results.
Type Of Gaps And Occurence
I'am not a professional when it comes to gaps, but as you know the stock market close for the day, however it is still possible to place orders, your broker will hold them until the market open back. Once the market reopen the broker execute the pending orders, and when many orders where pending the market register really high volume and the price might differ from the precedent close.
Gaps are generally broken down into four types:
Common : Gaps occurring within a certain price range, mostly occurs during ranging markets.
Break Away : Gaps breaking a support and resistance, making a new higher high/lower low.
Runaway : Gaps occurring within a trend, followed by a continuation of the trend.
Exhaustion : Gaps occurring at the end of a trend, followed by a reversal.
As said before, some gaps are more significant than others, the significance of a gap can be determined by comparing the opening price with the previous high/low price and by looking at volume. Significant up gaps will have an opening price greater than the previous high, while significant down gap will have an opening price lower than the previous low with both high volume accompanying them.
After a gap, when the price go back to the point previous to the gap we say that it has been "filled", this characteristic is what will be exploited in this strategy.
Strategy Rules & Logic
In this strategy, the significance of a gap is determined by the position of the opening price relative to the previous high/low and make sure the bar following the gap don't fill it.
When the setting invert is set to false the strategy interpret the detected gaps as being exhaustion gaps, therefore when an up gap occur a short position is opened, when a down gap occur a long position is opened. When invert is set to true gaps are considered to be runaway or break away gaps, therefore the contrary positions are opened. Positions are exited when the gap has been filled, which in the chart is show'n when the price cross the red level who act as either a take profit (invert = false) or as a stop loss (invert = true).
There are various closing conditions available that the user can select from the "close when" setting.
New Session : This option close all previous positions when the market is in a new session.
New Gap : This option close all previous position when a new gap has been detected.
Reverse Position : This option close all previous position when a contrary position to the current one is opened. This option would reduce the number of trades.
Testing On Some Stocks
The analysis will be tested in different tech stocks with a main TF of 15 minutes with no spread and commissions applied. Default settings will be used. We'll be making our first analysis using AMD, who has recently formed a full reverse HS pattern, where the neckline has been crossed by the price. (by the way i have a bad feeling about it, hey ! feeling filling ! Lame jokes!)
Profit: $ -12.22
Trades: 272
Profitability: 65.07 %
We can see negative results, with an heavily decreasing balance. Using invert would return positive results.
We will now test the strategy on NVDA, the company is one of the biggest when it comes to the Gpu market.
Profit: $ -215.54
Trades: 297
Profitability: 60.27 %
Not better, using invert would of course create better results. Like AMD the balance is heavily decreasing.
Finally we will test the strategy on Seagate technology, a company mostly known for their mechanical hard drives.
Profit: $ -4.32
Trades: 261
Profitability: 65.9 %
Here the balance does not appear so heavily decreasing and even managed to reach back the initial balance before going down again.
Summary
A strategy based on gap filling has been briefly introduced and tested with 3 tech stocks. The results show that using invert option might be better. The advantage of this strategy against ones using technical indicators is that this one does not heavily depend on user settings, which make it way more efficient, this a big advantage of patterns based strategies.
Thx to LucF for helping with the "process_orders_on_close" element, since i had to use closing price i had to remove it tho, was afraid results would differ even more from a more realistic backtest. And thx for those who continuously support me, more cool stuff is coming up.
Thx for reading and i hope you'll have learned something new today !
Bollinger Bands BAT/USDT 30minThis is ready to use Bollinger Band strategy that was backtested on the data from the previous year 2019.
The main purpose of this strategy is to determine trades with the highest probability of success, to keep a consistent portfolio growth throughout the year. This strategy cherry-picks the most reliable points of entry on a particular timeframe (30m) for the particular asset (BAT/USDT). The backtest shows a great result of 78.95% profitability with the maximum drawdown of -4.02%. This is one of my strategies out of the group of automated strategies that helps to grow my portfolio steadily.
You are welcome to change inputs and backtest the following strategy. Any comments or ideas would be appreciated.
If you are happy with existing results and would like to automate the strategy, which can be done through alerts, then you need to convert it to study and add alerts in the code.
Let me know if you are interested in that and I will create a study based on this strategy.
TradersAI_UTBotCREDITS to @HPotter for the orginal code.
CREDITS to @Yo_adriiiiaan for recently publishing the UT Bot study based on the original code -
I just added some simple code to turn it into a strategy. Now, anyone can simply add the strategy to their chart to see the backtesting results!
While @Yo_adriiiiaan mentions it works best on a 4-hour timeframe or above, I am happy to share that this seems to be working on a 15-minute chart on e-mini S&P 500 Index (using the KeyValue setting at 10)! You can play around with the different settings, and may be you might discover even better settings.
Hope this helps. Btw, if any of you play with different settings and discover great settings for a specific instrument, please share them with the community here - it will be rewarded back multiple times!
[Mycryptoradar] Triple EMA StrategieTriple EMA strategy consists of EMA 9, 21 & 55. A widely discussed trading strategy. If you want to know more about this strategy, enter the following search term at Google, "triple EMA 9, 21, 55 strategy".
How does this indicator work!
Background blue / yellow = bullish
Background red / purple = bearish
Every EMA crossover can be displayed on the chart (see circles)
Blue / blue / yellow circles = bullish
Purple / purple / red circles = bearish
Play with the settings and adjust them to your hand and don't forget to read about the EMA 9, 21, 55 strategy. Each background and crossover marking can be switched on and off separately.
This indicator visualizes the strategy and is not financial advice, you trade on your own findings. Has the indicator helped you with trading? Then leave a comment and like the indicator.
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QuantCat Mom Finder Strategy (1H)QuantCat Momentum Finder Strategy
This strategy is designed to be used on the 1 hour time frame, on all x/btc pairs.
The beautiful thing is it plots the take profit, and stoploss for you for each entry- where I would say use the stoploss for sure and feel with water with how the price action is looking when in profit.
In this strategy, I actually implemented my own trading style into building the strategy. Having to replicate my own trading strategy into an algorithm, I can't make it exactly perfect to how I would trade, but what I can do is try and program the parameters that give it the absolute best chance of making a big move with a small drawdown- which replicates part of my momentum trading style. Here I am using RSI, MACD, EMA and trend filtering values to find moments where there has been a momentum change to play the rest of the move. It only picks the best entries.
There is always a 3-4 R/R move on average with with these trades, meaning 1 in 4 only need to hit to be a break even trader- where most of these strategies have about 35% hit rate.
The stoploss is so crucial to minimise any damage from huge unexpected candles, the strategies can just be used for entries as well, you don't have to stick to the exact formula- of the long and short system, but this by itself is profitable.
The system nets positive results on
-ETH/BTC
-LTC/BTC
-XRP/BTC
-ADA/BTC
-NEO/BTC etc.
We also have a free 15M strategy available too.
You can join our discord server to get live alerts for the strategy as well as speak to our devs! Link in signature below!!!
Double 7's StrategyStrategy described in the book "Short Term Trading Strategies that Work", written by Larry Connors and Cesar Alvarez.
It is the simplest strategy I know and has only 3 rules:
- Price must be above the arithmetic moving average of 200 periods.
- Buy when the price closes below the closing of the last 7 days.
- Sale when the price closes above the closing of the last 7 days.
Simple as it may seem, this strategy works very well in some stocks and/or graphical times (in some stocks it overcomes many RSI 2 strategies). It was developed for the daily chart and does not usually work well on weekly or monthly charts, but can be used for day trades if the back-test proves to be favorable.
If you want, you can change the input and output rules by setting other values for the input or output period and thus find more positive results for specific stocks.
There is no stop loss because in tests the stop loss usually reduces the gains of the strategy.
Good luck and good trades.
================================
Estrategia descrita no livro "Short Term Trading Strategies that Work", escrito por Larry Connors e Cesar Alvarez.
É a estratégia mais simples que eu conheço e tem apenas 3 regras:
- Preço deve estar acima da média móvel aritmética de 200 períodos.
- Compre quando o preço fechar abaixo do fechamento dos ultimos 7 dias.
- Venda quando o preço fechar acima do fechamento dos ultimos 7 dias.
Por mais simples que pareça, esta estratégia funciona muito bem em alguns papeis e/ou tempos gráficos (em alguns papeis a mesma supera muitas estratégias pelo IFR2). A mesma foi desenvolvida para o gráfico diário e normalmente não funciona muito bem em gráficos semanais ou mensais, mas pode ser utilizado no intraday caso o backtest se mostre favorável.
Caso você queira, é possível alterar a regra de entrada e saída definindo outros valores para o período de entrada ou saída e assim encontrar resultados mais positivos para cada papel.
Não existe stop loss pois nos testes normalmente o stop loss reduz os ganhos da estratégia.
Boa sorte e bons trades.
Combo Backtest 123 Reversal & Bill Williams Averages. 3Lines This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This indicator calculates 3 Moving Averages for default values of
13, 8 and 5 days, with displacement 8, 5 and 3 days: Median Price (High+Low/2).
The most popular method of interpreting a moving average is to compare
the relationship between a moving average of the security's price with
the security's price itself (or between several moving averages).
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Strategy 123 Reversal & Bill Williams Averages. 3Lines This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This indicator calculates 3 Moving Averages for default values of
13, 8 and 5 days, with displacement 8, 5 and 3 days: Median Price (High+Low/2).
The most popular method of interpreting a moving average is to compare
the relationship between a moving average of the security's price with
the security's price itself (or between several moving averages).
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Bear Power This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Bear Power Indicator
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Strategy 123 Reversal & Bear Power This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Bear Power Indicator
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & (H-L)/C Histogram This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This histogram displays (high-low)/close
Can be applied to any time frame.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Strategy 123 Reversal & (H-L)/C Histogram This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This histogram displays (high-low)/close
Can be applied to any time frame.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Bandpass FilterThis is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The related article is copyrighted material from
Stocks & Commodities Mar 2010
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Strategy 123 Reversal & Bandpass Filter This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The related article is copyrighted material from
Stocks & Commodities Mar 2010
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
WARNING:
- For purpose educate only
- This script to change bars colors.
