Trailing SL Strategy [QuantNomad]

Ethereum / TetherUSBinance

Description

⋅ Feb 26, 2020 3:19 PM

I'm a big fan of simple strategies.
This one is a very simple one. So it consists only from one Trailing SL. When SL is hit, the position is reversed and SL is tracked for a new position.
You can choose one of 3 types of SL:

% of your price
ATR - it is calculated as current ATR * multiplier
Absolute

As you can see even this simple strategy can show pretty good results.

Parabolic Stop and Reverse (PSAR)Volatility Stop Average True Range (ATR)stoploss trailingstop trailingstoploss trailingtakeprofit ATR atrstop ETH ETHUSD

Comments

Choudhary122

⋅ Feb 27, 2020 12:24 PM

Sir that's not working no so singnal on chart

QuantNomad

⋅ Feb 27, 2020 12:33 PM

@Choudhary122, What symbol/timeframe are you using? I bet default params are too big for your stuff. Try to switch to ATR, should work on anything.

SIO34trade

⋅ Feb 28, 2020 7:44 PM

The script works pretty good. Can also please add alerts?

QuantNomad

⋅ Mar 3, 2020 3:56 PM

@SIO34trade, here are alerts for this strategy: tradingview.com/script/t6vhetg7-Trailing-SL-Alerts-QuantNomad/

WallStSpecter

⋅ Mar 21, 2020 5:32 PM

Hey looks pretty good! Thanks for share! Any recommend about TF, 1h and above?

QuantNomad

⋅ Mar 22, 2020 1:31 PM

@WallStSpecter, Yep, it seems to work pretty good at 1-4H. I think it might work pretty good and on other time-frames with different settings.

WallStSpecter

⋅ Mar 22, 2020 2:22 PM

@QuantNomad, thanks for respond. Have a good day!

kaptanylmz

⋅ Mar 3, 2020 3:56 PM

Thank you for your special help for my question on mail system... Also for sharing... Good job

mtahreemalam

⋅ Jan 29, 2022 9:42 AM

Changes in ATR values is not working. Ive tried multiple combinations the values, trades remain the same. Can you kindly check?

manishverma83

⋅ Jan 12, 2022 3:30 PM

Hello, can this strategy be clubbed with any strategy to meet SL and trail SL requirements ????