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Updated Blue Algo
📘 Blue Algo - Bitcoin Trading Indicator
Blue Algo is a professional trading indicator specifically designed for Bitcoin (BTC) on the 15-minute timeframe. It combines proprietary algorithms with intelligent signal generation to identify high-probability trading opportunities.
🎯 KEY FEATURES:
- Advanced Signal System: Generates precise buy/sell signals using proprietary price analysis methods
- 5-Level Take Profit Strategy: Automated TP levels at $400, $800, $1,200, $1,600, and $2,000 price movement from entry (chart points, not dollar profit)
- Risk Management: Maximum stop loss capped at $1,700 price movement to protect capital (chart points, not dollar loss)
- Peak Profit Tracking: Monitors the highest profit reached during each trade
- Real-time Alerts: Instant notifications for entries, stop loss, and all TP levels
- Comprehensive Statistics Panel: Displays win rate, profit factor, net profit, and trade performance
- Customizable Lot Size: Adjust position size with automatic point value calculation for actual dollar profit/loss
- Visual Trade Lines: Clear entry, SL, and TP lines with price labels
📊 STATISTICS TRACKED:
- Total Trades, Winning/Losing Trades
- Win Rate Percentage
- Net Profit & Profit Factor (in dollars based on lot size)
- Best Peak Profit (highest unrealized profit)
- Worst SL Trade
- Current Risk:Reward Ratio
⚙️ SETTINGS:
- Show Old Trades: Toggle historical trade visibility
- Statistics Panel Position: Top, Middle, or Bottom
- Lot Size: Customizable from 0.001 BTC (determines dollar value per point movement)
🎨 TRADING LOGIC:
LONG Entry: Generated when the proprietary algorithm detects optimal bullish momentum conditions
SHORT Entry: Triggered when the system identifies high-probability bearish setups
The indicator uses advanced price action analysis combined with multi-factor confirmation to filter out false signals and capture high-quality trading opportunities.
📌 IMPORTANT NOTE:
The TP levels ($400, $800, etc.) and SL ($1,700) represent Bitcoin PRICE MOVEMENT on the chart, not profit/loss amounts. Your actual profit or loss in dollars is calculated by multiplying the price movement by your lot size. For example, with 0.1 BTC lot size, a $400 price movement = $40 actual profit.
⚠️ REQUIREMENTS:
- Only works on Bitcoin (BTC) pairs
- Must use 15-minute timeframe
- Warning messages appear if conditions aren't met
💡 PERFECT FOR:
Traders seeking a systematic approach to Bitcoin trading with clear entry/exit rules and comprehensive performance tracking.
🔒 NO REPAINT - CONFIRMED SIGNALS ONLY
✅ All signals generated after candle close
✅ No disappearing or changing signals
✅ Backtesting = Real-time performance
✅ 100% Reliable alerts
What you see is what you get - Trade with confidence!
---
Note: This indicator is for educational purposes. Always practice proper risk management and never risk more than you can afford to lose.
Blue Algo is a professional trading indicator specifically designed for Bitcoin (BTC) on the 15-minute timeframe. It combines proprietary algorithms with intelligent signal generation to identify high-probability trading opportunities.
🎯 KEY FEATURES:
- Advanced Signal System: Generates precise buy/sell signals using proprietary price analysis methods
- 5-Level Take Profit Strategy: Automated TP levels at $400, $800, $1,200, $1,600, and $2,000 price movement from entry (chart points, not dollar profit)
- Risk Management: Maximum stop loss capped at $1,700 price movement to protect capital (chart points, not dollar loss)
- Peak Profit Tracking: Monitors the highest profit reached during each trade
- Real-time Alerts: Instant notifications for entries, stop loss, and all TP levels
- Comprehensive Statistics Panel: Displays win rate, profit factor, net profit, and trade performance
- Customizable Lot Size: Adjust position size with automatic point value calculation for actual dollar profit/loss
- Visual Trade Lines: Clear entry, SL, and TP lines with price labels
📊 STATISTICS TRACKED:
- Total Trades, Winning/Losing Trades
- Win Rate Percentage
- Net Profit & Profit Factor (in dollars based on lot size)
- Best Peak Profit (highest unrealized profit)
- Worst SL Trade
- Current Risk:Reward Ratio
⚙️ SETTINGS:
- Show Old Trades: Toggle historical trade visibility
- Statistics Panel Position: Top, Middle, or Bottom
- Lot Size: Customizable from 0.001 BTC (determines dollar value per point movement)
🎨 TRADING LOGIC:
LONG Entry: Generated when the proprietary algorithm detects optimal bullish momentum conditions
SHORT Entry: Triggered when the system identifies high-probability bearish setups
The indicator uses advanced price action analysis combined with multi-factor confirmation to filter out false signals and capture high-quality trading opportunities.
📌 IMPORTANT NOTE:
The TP levels ($400, $800, etc.) and SL ($1,700) represent Bitcoin PRICE MOVEMENT on the chart, not profit/loss amounts. Your actual profit or loss in dollars is calculated by multiplying the price movement by your lot size. For example, with 0.1 BTC lot size, a $400 price movement = $40 actual profit.
⚠️ REQUIREMENTS:
- Only works on Bitcoin (BTC) pairs
- Must use 15-minute timeframe
- Warning messages appear if conditions aren't met
💡 PERFECT FOR:
Traders seeking a systematic approach to Bitcoin trading with clear entry/exit rules and comprehensive performance tracking.
🔒 NO REPAINT - CONFIRMED SIGNALS ONLY
✅ All signals generated after candle close
✅ No disappearing or changing signals
✅ Backtesting = Real-time performance
✅ 100% Reliable alerts
What you see is what you get - Trade with confidence!
---
Note: This indicator is for educational purposes. Always practice proper risk management and never risk more than you can afford to lose.
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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.