This is a simple yet very efficient scalper long strategy adapted for low timeframes for crypto. Can also be used with bigger timeframes as a swinger.
Its main components are:
Price oscillator swing Vortex Risk management for TP/SL
Rules for entry We calculate the difference between the oscillator from the lowest low and the highest high. If the difference is positive, its a long potential. If its negative we exit from the long trade. At the same time we check that the we have a crossover between the VIP vortex with the VIM vortex part. Lastly we check that the current candle is bigger the second previous high.
Rules for exit If we reach the take profit or the stop loss. If we have a negative difference betwee LL and HH and VIP vortex crossunder with VIM vortex .
In this example I aimed for a 1:10 risk reward ratio, meaing that for every dollar lost, we will gain 10 when we win. Thus having a 10% minimum win rate will give us a profit over many trades.
This will be a little flawed since it goes long only in the data-set that is mostly bullish. I would be interestedhow it would perform if it goes both ways.
exlux99
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@greenmask9, I agree, however on short it lacks the performance like the one from long
dpacurar1980
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how do i make this work with Trading view? There is nothing I see in alerts that would trigger anything.