It's a useful script for pairs where you can operate long and short. It's a combination algorithm of the Range filter and the ADX. The ADX helps to make the decision to enter to open long or short position.
LG --> Long xL --> Close Long position ST --> Short xS --> close Short Position
Enjoy!!!
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Long / Short Option and Profit / Loss added
Green --> Profit Red --> Loss
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Trailing Stop
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Parabolic SAR
Best Time Frame 2H-4H
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(Today Bitcoin = 3800 USD)
Happy New Year!!!!
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DERIBIT --> 2H
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Second Trailing Stop, Trailing Stop Delay Time and Stop Loss added
Some Settings but could be still better:
XBTUSD (BITMEX)
Timeframe = 2H Position Side = BOTH Source = hl2 Sampling Period = 12 Range Multiplier = 1.0 ADX lenght = 10 ADX Threshold = 19 SAR start = 0.07 SAR inc = 0.04 SAR max = 0.25 % Activation 1st TS = 1.5 1st TS = 0.2 Delay TS = 59 % Activation 2nd TS = 10 1st TS = 0.2 Stop Loss = 3
ETHUSD (BITMEX)
Timeframe = 2H Position Side = BOTH Source = hl2 Sampling Period = 14 Range Multiplier = 0.8 ADX lenght = 15 ADX Threshold = 13 SAR start = 0.08 SAR inc = 0.04 SAR max = 0.3 % Activation 1st TS = 1.5 1st TS = 0.2 Delay TS = 59 % Activation 2nd TS = 15 1st TS = 0.2 Stop Loss = 3
BNBUSDT (BINANCE)
Timeframe = 2H Position Side = LONG Source = hl2 Sampling Period = 18 Range Multiplier = 1.1 ADX lenght = 17 ADX Threshold = 20 SAR start = 0.05 SAR inc = 0.04 SAR max = 0.2 % Activation 1st TS = 3 1st TS = 0.3 Delay TS = 59 % Activation 2nd TS = 20 1st TS = 0.3 Stop Loss = 3
The main enemy is the exchange itself. They try to liquidate you with their unforeseen movements. This script catch those movements ...
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New Trailing Stop Delay. It's the same method as the RePaNoCHa script. It take a snapshot every X seconds, if the TS is activated the alert is triggered, otherwise the price keeps fluctuating until a new snapshot.
hi, how can I contact you? After a month of settings, I found 2 good pairs for this indicator with an incredible profit and I need to discuss this since some aspects of your indicator are not clear to me