PROTECTED SOURCE SCRIPT
VuManChu Strategy [ADX + Vol + Risk] - Good for BTC
- The strategy uses the VuManChu WaveTrend oscillator
- Before entering any trade, the ADX filter must show a reading above 25. For more reliable momentum moves
- Three-Layer Exit System:
Fixed Stop Loss (3%): Hard stop placed 3% below entry for longs (above for shorts) to limit maximum loss per trade. This accommodates typical BTC 5-minute volatility without premature stopouts.
Take Profit Target (9%): Fixed profit target at 9% providing a 1:3 risk-reward ratio. This means you only need a 40-50% win rate to be profitable overall.
Conditional Trailing Stop: The most sophisticated protection - a trailing stop that only activates after the trade reaches 4.5% profit (halfway to target). Once activated, it trails price by 2%, locking in gains while still allowing the trade to reach the full 9% target.
- Before entering any trade, the ADX filter must show a reading above 25. For more reliable momentum moves
- Three-Layer Exit System:
Fixed Stop Loss (3%): Hard stop placed 3% below entry for longs (above for shorts) to limit maximum loss per trade. This accommodates typical BTC 5-minute volatility without premature stopouts.
Take Profit Target (9%): Fixed profit target at 9% providing a 1:3 risk-reward ratio. This means you only need a 40-50% win rate to be profitable overall.
Conditional Trailing Stop: The most sophisticated protection - a trailing stop that only activates after the trade reaches 4.5% profit (halfway to target). Once activated, it trails price by 2%, locking in gains while still allowing the trade to reach the full 9% target.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.