DMI + HMA - No Risk ManagementDMI (Directional Movement Index) and HMA (Hull Moving Average)
The DMI and HMA make a great combination, The DMI will gauge the market direction, while the HMA will add confirmation to the trend strength.
What is the DMI?
The DMI is an indicator that was developed by J. Welles Wilder in 1978. The Indicator was designed to identify in which direction the price is moving. This is done by comparing previous highs and lows and drawing 2 lines.
1. A Positive movement line
2. A Negative movement line
A third line can be added, which would be known as the ADX line or Average Directional Index. This can also be used to gauge the strength in which direction the market is moving.
When the Positive movement line (DI+) is above the Negative movement line (DI-) there is more upward pressure. Ofcourse visa versa, when the DI- is above the DI+ that would indicate more downwards pressure.
Want to know more about HMA? Check out one of our other published scripts
What is this strategy doing?
We are first waiting for the DMI to cross in our favoured direction, after that, we wait for the HMA to signal the entry. Without both conditions being true, no trade will be made.
Long Entries
1. DI+ crosses above DI-
2. HMA line 1 is above HMA line 2
Short Entries
1. DI- Crosses above DI+
2. HMA line 1 is below HMA lilne 2
Its as simple as that.
Conclusion
While this strategy does have its downsides, that can be reduced by adding some risk manegment into the script. In general the trade profitability is above average, And the max drawdown is at a minimum.
The settings have been optimised to suite BTCUSDT PERP markets. Though with small adjustments it can be used on many assets!
Search in scripts for "tp"
Forex bot full strategy with risk managementThis is a full strategy designed for forex major pairs, specially EUR/USD using 1h time frame chart.
Its components are
200 EMA
MACD
OBV
PSAR
RIsk management with tp and sl movements
Rules for entry
For long = Previous histogram from MACD was below 0 and current one is above 0. CLose of a candle is above EMA 200 , OBV oscillator is negative and we have an uptrend from PSAR
For short = Previous histogram from MACD was above 0 and current one is below 0. CLose of a candle is below EMA 200 , OBV oscillator is positive and we have an downtrend from PSAR
Rules for exit
For tp and sl values we calculate the distance from the close of candle until the psar values.
If you have any questions, let me know !
Forex Daytrade T3 MA sessionThis is a simple yet very efficient daytrading strategy for most crosses pairs, like EUR/NZD, EUR/AUD , GBP/NZD, GBP/AUD and so on.
It tends to works best with 1h and 15 min time frame charts.
Its components are :
Entry time = session that we want to trade, where we can combine for example half of London and all of NY using an hour system.
T3 Moving average
Price action.
Rules for entry
For long , we are during the hours we want to trade, current close is price is above previous high and at the same time is above moving average
For short , we are during the hours we want to trade, current close is price is below previous low and at the same time is below moving average
Rules for exit
We exit when either the opposite condition is triggered, if the hours of trading are off or based on a percentage TP/SL system movement.
For this example we use 1% movement both for TP and SL
If you have any questions, let me know !
TradePro's Trading Idea Cipher Divergence EMA Pb StrategyHere I present you on of Trade Pro's Trading Idea: Cipher B+ Divergence EMA Pullback Strategy.
Optimized the crypto pairBTC/USDT in the 30 minute chart.
There is the possibility to switch between short and long positions.
You can choose between 2 different take profit/stop loss types: The Lowest Low/ Highest High Stop Loss/ Take Profit and the ATR Take Profit/ Stop Loss.
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How does the strategy work?
ENTRY
Long
The price must be above the 200 EMA .
The price needs to make a pullback into the 50 EMA .
Right after that, the Cipher B indicator must give a buy signal, it must be below the zero line and the Money Flow cloud must be green.
Short
Contrary to the premise of long positions.
EXIT
Lowest Low/ Highest High Exit
The Lowest Low (long) / highest high (short) serves as the stop loss. The TP is formed on the basis of a factor.
(Long for example: *Lowest Low* multiplied by *Profitfactor* = TP).
ATR Exit
The value of ATR at the time of buying is multiplied by the value entered in "Profit factor ATR" and "Stop factor ATR". As soon as the price reaches this value, it is closed.
Important
The script must be optimized for each coin or currency pair. However, only the values for the profit factor, the stop loss and Lowest Low / Highest High are relevant.
Also, by changing the Chanel Length and the Chanel Average, you can create strong profit changes.
The results of the strategy are without commissions and leverage.
If you have any questions or feedback, please let me know in the comments.
If you need more information about the strategy and want to know exactly how to apply it, check out my profile. There I have created a tutorial for the function of the script.
MACD EMA - TradingRush StrategyHey there!
Today I present you a rather simple, but very profitable MACD strategy. Since I trade it with cryptocurrencies, the settings have been adjusted.
I discovered the strategy on a YouTube channel and tried to transfer it as a strategy into a script.
Tested with the crypto pair ETH/USDT in the 15 minute chart.
There is the possibility to switch between short and long positions.
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How does the strategy work?
ENTRY
The MACD indicator must cross below the histogram. If it crosses when the price is below the EMA, only short positions are traded. Above the EMA - long.
EXIT
The Lowest Low (long) / highest high (short) serves as the stop loss. The TP is formed on the basis of a factor. (SL multiplied by factor 2.1 = TP).
The red lines are used to illustrate the SL. Above for short positions below for long positions.
The results of the strategy are without commissions and levers.
If you have any questions or feedback, please let me know in the comments.
If you need more information about the strategy and want to know exactly how to apply it, check out my profile.
I wish you good luck with the strategy!
Bollinger Bands strategy with RSI and MACD v1.0 This is a strategy based on the Bollinger Bands, where buy trades are made when the price crosses the lower line of the Bollinger Bands upwards, and sell trades are made when the price crosses the upper line downwards.
In addition, it is possible through the inputs to enable trading with RSI and MACD, so that buy or sell trades are supported by these two indicators.
Trades are partially and fully closed in the following way, a buy trade will close half of the position when the price touches the middle line of the Bollinger bands and will be fully closed when the price touches the upper band. In the case of a sell position, half of the position will be closed if the price touches the middle band and the entire position will be closed when the price touches the lower band. Alternatively, a fixed take profit can be placed. In case the price moves against us, trailing stops can be placed.
In case of selecting to use RSI, MACD, or MACD variation, trades will be executed as long as The Bollinger Bands, and all the above-mentioned indicators give the same signals, either buy or sell.
For example in the case of selecting only Use RSI, buy trades would be made as long as RSI and BB give buy signals.
Strategy inputs:
-BB source: Bollinger Bands price source.
-Bollinger Bands SMA length: Bollinger Bands simple moving average length.
-Bollinger Bands StdDev length: Bollinger Bands standard deviation length.
-Trail Long Loss (%): Distance in percentage at which the stop loss will initially be placed for buy trades.
-Trail Short Loss (%): Distance in percentage at which the stop loss will be initially placed for sell trades.
-Maximum orders: Maximum of simultaneous operations, for example, if it is 3, up to 3 parallel operations of buy and up to 3 parallel operations of sell will be carried out.
-Position size: Number of contracts per trade.
-Use RSI: If selected, the strategy will also trade based on oversold or overbought signals provided by the RSI.
-RSI source: RSI price source.
-RSI period: The RSI period to use.
-RSI value for buy: If the RSI is below this value, it will give a buy signal.
-RSI value for sell: If the RSI value is above this value, it will give a sell signal.
-Use MACD: If selected, buy trades will be made when the MACD crosses 0 upwards, and sell trades will be made when the MACD crosses 0 downwards.
-Use MACD variation: Only available if MACD is previously selected. In this case, buy trades are made if the MACD value in the last 3 candles has been decreasing, and sell trades are made if the MACD value has been increasing.
-MACD source: MACD price source.
-MACD fast length: MACD fast EMA lenght.
-MACD slow length: MACD slow EMA lenght.
-MACD signal length: MACD signal EMA lenght.
-Use maximum TP long: If selected, a fixed take profit will be placed for buy trades. The position could be closed before reaching this take profit if the price touches one of the lower or upper lines first.
-Maximum take profit long (%): Distance in percentage at which the take profit will be placed for buy trades.
-Use maximum TP short: if selected, a fixed take profit will be placed for sell trades. The position could be closed before reaching this take profit if the price touches one of the lower or upper lines first.
-Maximum take profit short (%): Distance in percentage at which the take profit will be set for sell trades.
I hope you like it and as always all feedback is welcome.
Scalping using RSI 2 indicator with TSLThis strategy implements a simply scalping using the RSI (calculated on two periods), the slopes of two MAs ( EMA or SMA ) having different lengths (by default, I use 50 and 200).
A trailing stop loss (%) is used.
Entry conditions:
.) Fast MA > Slow MA and Price > Slow MA and RSI < Oversold Threshold ------> go Long
.) Fast MA < Slow MA and Price < Slow MA and RSI > Overbought Threshold ------> go Short
Exit conditions:
.) Long entry condition is true and (close >= TP or close <= TSL ) ----> close short position
.) Short entry condition is true and (close <= TP or close >= TSL ) ----> close long position
The strategy performed best on Bitcoin and the most liquid and capitalized Altcoins but works excellent on volatile assets, mainly if they often go trending.
Works best on 3h - 4h time frame.
There's also an optional Volatility filter, which opens the position only if the difference between the two slopes is more than a specific value, which can be set in the study inputs. The purpose is not opening positions if the price goes sideways and the noise is way > than the signal.
Note:
.) the RSI length is 2;
.) the oversold Threshold is 90%;
.) the overbought Threshold is 10%;
.) by default, the trailing stop loss per cent is 1%;
.) by default, the fast MA length is 50;
.) by default, the slow MA length is 200;
.) by default, the MA used is EMA.
Cheers.
White MAThis modified indicator just based on my 2cent strategy & experience,
which is:-
MA6, MA20, MA50, MA200
However, I always turn off MA20 since I also use BB (20) indicator.
Generally, if small MA cross up big MA, then it becomes entry signal, & vice versa
Each entry signal need confirmation state which is next price should close higher than crossing price.
If price close lower than crossing price, then it will be invalid entry's signal,
while if price keep maintain at same value, then it's mean uncertain for me until it close whether above or below crossing price.
"Strategy 1" (General)
In TF1D, the pattern should fulfill my condition as below:-
- MA20 above MA50 (bullish uptrend)
- Price pullback at least touch MA20 for reversal (making Higher Low)
- Price break resistance of pullback's price
My entry signal only after it close above the resistance, near "support" (RBS, Resistance become Support)
My stop-loss, if and only if price touch previous SMA6 price (or SMA10)
Unfortunately, I haven't had any specific target price. It's depending on what kind of "player" you are. (achievement)
Few TPs those I used:-
- Price touch my Static Resistance on chart obtained from,
~ Pullback price
~ Fibo (1.61++)
~ Higher price in 3 months, 6 months, 1 year, 3 year, and so on. (road to ATH, All Time High)
- Price close outside Upper BB (Dynamic Resistance)
I don't assume sell signal by using crossing indicator as TP, it's more to stop-loss for me. (means stop from loss your profit)
"Strategy 2" (Reversal Entry)
In TF15 minutes, we are assuming entry signal when SMA6 cross up SMA50. However, it's still need confirmation by next closing price.
This strategy can be apply in TF1D although SMA20 doesn't cross up SMA50 yet.
That's all my sharing strategy/system based on my 2cent experience, it's not a prefects strategy but I hope it will gives some idea for you guys in order to obtain your own system.
Dynamic Take Profit & Signals (AussieBogan)Dynamic Take Profit & Signals (DTS) help us to dynamically place potential take profit levels. These levels are measured based on standard deviation in conjunction with swing high and low points. Head over to the settings to control your take profit and multiplicative factor setting.
In short, higher values of either setting will return more spread out between tp's. The logic behind using the standard deviation is that a low value of it will return tp closer to where you entered the trade, as such it will have higher chances of the price reaching them.
The Indicator also has alert features for buy and sell so any trader can be aware of every potential signal the indicator produces.
MillebotHello Traders,
Here you find a simplified version of the Millebot strategy.
This strategy can be used as a complete system with integrated risk management. The strategy also uses a fixed stoploss and take-profit, in contrast to the full version of the Millebot, which applies a variabele SL, TP an trailing TP derived from the assets volatility.
The Millebot is a trend-following system which detects the direction of the trend through "the Baseline". The entry-point is derived by using the Hull Moving Average.
If the HMA switches direction, the trade also will be closed.
An extra confirmation indicator can be activated to verify that the trend-detection is correct.
If you have found this trading system informative or useful, please leave a comment.
This strategy works very well on leveraged trading due to the low drawdown.
Greetings Michael
TREND SNIPER (Final Version)/ This script calculates the daily resistance and support levels. The entry is when the close breaks these levels.
// Then it sets 4 exit lines, if the backtraces these lines you've got your normal exit.
// If the close crosses the TP you've got your TP exit. And if the close crosses the SL you've got your SL exit.
// This is the good part --> If the close crosses the first line the SL get's raised to the entry level.
// This way you cut down on the SL losses and turn a lot of SL trades into (almost) break even trades.
// You can adjust the resistance and support levels to remove the 'little wick entries', this raises the profitability.
// You can also choose the security resolution. I recommend using a higher timeframe than the chart resolution.
// The exit source is also changeable. The HLC3 works best for me, but you can try others if you want.
I could really use some feedback. I want the resistance and support levels to remain on the same position when in trade. But it sometimes changes mid trade.
If you know how to fix this I will be forever grateful. If you have any feedback don't hesitate to give it to me straight. Thanks in advance and have a wonderful day :)
888 BOT #alerts█ 888 BOT #alerts (open source)
This is an Expert Advisor 'EA' or Automated trading script for ‘longs’ and ‘shorts’, which uses only a Take Profit or, in the worst case, a Stop Loss to close the trade.
It's a much improved version of the previous ‘Repanocha’. It doesn`t use 'Trailing Stop' or 'security ()' functions (although using a security function doesn`t mean that the script repaints) and all signals are confirmed, therefore the script doesn`t repaint in alert mode and is accurate in backtest mode.
Apart from the previous indicators, some more and other functions have been added for Stop-Loss, re-entry and leverage.
It uses 8 indicators, (many of you already know what they are, but in case there is someone new), these are the following:
1. Jurik Moving Average
It's a moving average created by Mark Jurik for professionals which eliminates the 'lag' or delay of the signal. It's better than other moving averages like EMA , DEMA , AMA or T3.
There are two ways to decrease noise using JMA . Increasing the 'LENGTH' parameter will cause JMA to move more slowly and therefore reduce noise at the expense of adding 'lag'
The 'JMA LENGTH', 'PHASE' and 'POWER' parameters offer a way to select the optimal balance between 'lag' and over boost.
Green: Bullish , Red: Bearish .
2. Range filter
Created by Donovan Wall, its function is to filter or eliminate noise and to better determine the price trend in the short term.
First, a uniform average price range 'SAMPLING PERIOD' is calculated for the filter base and multiplied by a specific quantity 'RANGE MULTIPLIER'.
The filter is then calculated by adjusting price movements that do not exceed the specified range.
Finally, the target ranges are plotted to show the prices that will trigger the filter movement.
Green: Bullish , Red: Bearish .
3. Average Directional Index ( ADX Classic) and ( ADX Masanakamura)
It's an indicator designed by Welles Wilder to measure the strength and direction of the market trend. The price movement is strong when the ADX has a positive slope and is above a certain minimum level 'ADX THRESHOLD' and for a given period 'ADX LENGTH'.
The green color of the bars indicates that the trend is bullish and that the ADX is above the level established by the threshold.
The red color of the bars indicates that the trend is down and that the ADX is above the threshold level.
The orange color of the bars indicates that the price is not strong and will surely lateralize.
You can choose between the classic option and the one created by a certain 'Masanakamura'. The main difference between the two is that in the first it uses RMA () and in the second SMA () in its calculation.
4. Parabolic SAR
This indicator, also created by Welles Wilder, places points that help define a trend. The Parabolic SAR can follow the price above or below, the peculiarity that it offers is that when the price touches the indicator, it jumps to the other side of the price (if the Parabolic SAR was below the price it jumps up and vice versa) to a distance predetermined by the indicator. At this time the indicator continues to follow the price, reducing the distance with each candle until it is finally touched again by the price and the process starts again. This procedure explains the name of the indicator: the Parabolic SAR follows the price generating a characteristic parabolic shape, when the price touches it, stops and turns ( SAR is the acronym for 'stop and reverse'), giving rise to a new cycle. When the points are below the price, the trend is up, while the points above the price indicate a downward trend.
5. RSI with Volume
This indicator was created by LazyBear from the popular RSI .
The RSI is an oscillator-type indicator used in technical analysis and also created by Welles Wilder that shows the strength of the price by comparing individual movements up or down in successive closing prices.
LazyBear added a volume parameter that makes it more accurate to the market movement.
A good way to use RSI is by considering the 50 'RSI CENTER LINE' centerline. When the oscillator is above, the trend is bullish and when it is below, the trend is bearish .
6. Moving Average Convergence Divergence ( MACD ) and ( MAC-Z )
It was created by Gerald Appel. Subsequently, the histogram was added to anticipate the crossing of MA. Broadly speaking, we can say that the MACD is an oscillator consisting of two moving averages that rotate around the zero line. The MACD line is the difference between a short moving average 'MACD FAST MA LENGTH' and a long moving average 'MACD SLOW MA LENGTH'. It's an indicator that allows us to have a reference on the trend of the asset on which it is operating, thus generating market entry and exit signals.
We can talk about a bull market when the MACD histogram is above the zero line, along with the signal line, while we are talking about a bear market when the MACD histogram is below the zero line.
There is the option of using the MAC-Z indicator created by LazyBear, which according to its author is more effective, by using the parameter VWAP ( volume weighted average price ) 'Z-VWAP LENGTH' together with a standard deviation 'STDEV LENGTH' in its calculation.
7. Volume Condition
Volume indicates the number of participants in this war between bulls and bears, the more volume the more likely the price will move in favor of the trend. A low trading volume indicates a lower number of participants and interest in the instrument in question. Low volumes may reveal weakness behind a price movement.
With this condition, those signals whose volume is less than the volume SMA for a period 'SMA VOLUME LENGTH' multiplied by a factor 'VOLUME FACTOR' are filtered. In addition, it determines the leverage used, the more volume , the more participants, the more probability that the price will move in our favor, that is, we can use more leverage. The leverage in this script is determined by how many times the volume is above the SMA line.
The maximum leverage is 8.
8. Bollinger Bands
This indicator was created by John Bollinger and consists of three bands that are drawn superimposed on the price evolution graph.
The central band is a moving average, normally a simple moving average calculated with 20 periods is used. ('BB LENGTH' Number of periods of the moving average)
The upper band is calculated by adding the value of the simple moving average X times the standard deviation of the moving average. ('BB MULTIPLIER' Number of times the standard deviation of the moving average)
The lower band is calculated by subtracting the simple moving average X times the standard deviation of the moving average.
the band between the upper and lower bands contains, statistically, almost 90% of the possible price variations, which means that any movement of the price outside the bands has special relevance.
In practical terms, Bollinger bands behave as if they were an elastic band so that, if the price touches them, it has a high probability of bouncing.
Sometimes, after the entry order is filled, the price is returned to the opposite side. If price touch the Bollinger band in the same previous conditions, another order is filled in the same direction of the position to improve the average entry price, (% MINIMUM BETTER PRICE ': Minimum price for the re-entry to be executed and that is better than the price of the previous position in a given %) in this way we give the trade a chance that the Take Profit is executed before. The downside is that the position is doubled in size. 'ACTIVATE DIVIDE TP': Divide the size of the TP in half. More probability of the trade closing but less profit.
█ STOP LOSS and RISK MANAGEMENT.
A good risk management is what can make your equity go up or be liquidated.
The % risk is the percentage of our capital that we are willing to lose by operation. This is recommended to be between 1-5%.
% Risk: (% Stop Loss x % Equity per trade x Leverage) / 100
First the strategy is calculated with Stop Loss, then the risk per operation is determined and from there, the amount per operation is calculated and not vice versa.
In this script you can use a normal Stop Loss or one according to the ATR. Also activate the option to trigger it earlier if the risk percentage is reached. '% RISK ALLOWED' wich is calculated according with: '%EQUITY ON EACH ENTRY'. Only works with Stop Loss on 'NORMAL' or 'BOTH' mode.
'STOP LOSS CONFIRMED': The Stop Loss is only activated if the closing of the previous bar is in the loss limit condition. It's useful to prevent the SL from triggering when they do a ‘pump’ to sweep Stops and then return the price to the previous state.
█ ALERTS
There is an alert for each leverage, therefore a maximum of 8 alerts can be set for 'long' and 8 for 'short', plus an alert to close the trade with Take Profit or Stop Loss in market mode. You can also place Take Profit limit and Stop Loss limit orders a few seconds after filling the position entry order.
- 'MAXIMUM LEVERAGE': It is the maximum allowed multiplier of the % quantity entered on each entry for 1X according to the volume condition.
- 'ADVANCE ALERTS': There is always a time delay from when the alert is triggered until it reaches the exchange and can be between 1-15 seconds. With this parameter, you can advance the alert by the necessary seconds to activate it earlier. In this way it can be synchronized with the exchange so that the execution time of the entry order to the position coincides with the opening of the bar.
The settings are for Bitcoin at Binance Futures (BTC: USDTPERP) in 15 minutes.
For other pairs and other timeframes, the settings have to be adjusted again. And within a month, the settings will be different because we all know the market and the trend are changing.
888 BOT #backtest█ 888 BOT #backtest (open source)
This is an Expert Advisor 'EA' or Automated trading script for ‘longs’ and ‘shorts’, which uses only a Take Profit or, in the worst case, a Stop Loss to close the trade.
It's a much improved version of the previous ‘Repanocha’. It doesn`t use 'Trailing Stop' or 'security()' functions (although using a security function doesn`t mean that the script repaints) and all signals are confirmed, therefore the script doesn`t repaint in alert mode and is accurate in backtest mode.
Apart from the previous indicators, some more and other functions have been added for Stop-Loss, re-entry and leverage.
It uses 8 indicators, (many of you already know what they are, but in case there is someone new), these are the following:
1. Jurik Moving Average
It's a moving average created by Mark Jurik for professionals which eliminates the 'lag' or delay of the signal. It's better than other moving averages like EMA , DEMA , AMA or T3.
There are two ways to decrease noise using JMA . Increasing the 'LENGTH' parameter will cause JMA to move more slowly and therefore reduce noise at the expense of adding 'lag'
The 'JMA LENGTH', 'PHASE' and 'POWER' parameters offer a way to select the optimal balance between 'lag' and over boost.
Green: Bullish , Red: Bearish .
2. Range filter
Created by Donovan Wall, its function is to filter or eliminate noise and to better determine the price trend in the short term.
First, a uniform average price range 'SAMPLING PERIOD' is calculated for the filter base and multiplied by a specific quantity 'RANGE MULTIPLIER'.
The filter is then calculated by adjusting price movements that do not exceed the specified range.
Finally, the target ranges are plotted to show the prices that will trigger the filter movement.
Green: Bullish , Red: Bearish .
3. Average Directional Index ( ADX Classic) and ( ADX Masanakamura)
It's an indicator designed by Welles Wilder to measure the strength and direction of the market trend. The price movement is strong when the ADX has a positive slope and is above a certain minimum level 'ADX THRESHOLD' and for a given period 'ADX LENGTH'.
The green color of the bars indicates that the trend is bullish and that the ADX is above the level established by the threshold.
The red color of the bars indicates that the trend is down and that the ADX is above the threshold level.
The orange color of the bars indicates that the price is not strong and will surely lateralize.
You can choose between the classic option and the one created by a certain 'Masanakamura'. The main difference between the two is that in the first it uses RMA () and in the second SMA () in its calculation.
4. Parabolic SAR
This indicator, also created by Welles Wilder, places points that help define a trend. The Parabolic SAR can follow the price above or below, the peculiarity that it offers is that when the price touches the indicator, it jumps to the other side of the price (if the Parabolic SAR was below the price it jumps up and vice versa) to a distance predetermined by the indicator. At this time the indicator continues to follow the price, reducing the distance with each candle until it is finally touched again by the price and the process starts again. This procedure explains the name of the indicator: the Parabolic SAR follows the price generating a characteristic parabolic shape, when the price touches it, stops and turns ( SAR is the acronym for 'stop and reverse'), giving rise to a new cycle. When the points are below the price, the trend is up, while the points above the price indicate a downward trend.
5. RSI with Volume
This indicator was created by LazyBear from the popular RSI .
The RSI is an oscillator-type indicator used in technical analysis and also created by Welles Wilder that shows the strength of the price by comparing individual movements up or down in successive closing prices.
LazyBear added a volume parameter that makes it more accurate to the market movement.
A good way to use RSI is by considering the 50 'RSI CENTER LINE' centerline. When the oscillator is above, the trend is bullish and when it is below, the trend is bearish .
6. Moving Average Convergence Divergence ( MACD ) and ( MAC-Z )
It was created by Gerald Appel. Subsequently, the histogram was added to anticipate the crossing of MA. Broadly speaking, we can say that the MACD is an oscillator consisting of two moving averages that rotate around the zero line. The MACD line is the difference between a short moving average 'MACD FAST MA LENGTH' and a long moving average 'MACD SLOW MA LENGTH'. It's an indicator that allows us to have a reference on the trend of the asset on which it is operating, thus generating market entry and exit signals.
We can talk about a bull market when the MACD histogram is above the zero line, along with the signal line, while we are talking about a bear market when the MACD histogram is below the zero line.
There is the option of using the MAC-Z indicator created by LazyBear, which according to its author is more effective, by using the parameter VWAP ( volume weighted average price ) 'Z-VWAP LENGTH' together with a standard deviation 'STDEV LENGTH' in its calculation.
7. Volume Condition
Volume indicates the number of participants in this war between bulls and bears, the more volume the more likely the price will move in favor of the trend. A low trading volume indicates a lower number of participants and interest in the instrument in question. Low volumes may reveal weakness behind a price movement.
With this condition, those signals whose volume is less than the volume SMA for a period 'SMA VOLUME LENGTH' multiplied by a factor 'VOLUME FACTOR' are filtered. In addition, it determines the leverage used, the more volume , the more participants, the more probability that the price will move in our favor, that is, we can use more leverage. The leverage in this script is determined by how many times the volume is above the SMA line.
The maximum leverage is 8.
8. Bollinger Bands
This indicator was created by John Bollinger and consists of three bands that are drawn superimposed on the price evolution graph.
The central band is a moving average, normally a simple moving average calculated with 20 periods is used. ('BB LENGTH' Number of periods of the moving average)
The upper band is calculated by adding the value of the simple moving average X times the standard deviation of the moving average. ('BB MULTIPLIER' Number of times the standard deviation of the moving average)
The lower band is calculated by subtracting the simple moving average X times the standard deviation of the moving average.
the band between the upper and lower bands contains, statistically, almost 90% of the possible price variations, which means that any movement of the price outside the bands has special relevance.
In practical terms, Bollinger bands behave as if they were an elastic band so that, if the price touches them, it has a high probability of bouncing.
Sometimes, after the entry order is filled, the price is returned to the opposite side. If price touch the Bollinger band in the same previous conditions, another order is filled in the same direction of the position to improve the average entry price, (% MINIMUM BETTER PRICE ': Minimum price for the re-entry to be executed and that is better than the price of the previous position in a given %) in this way we give the trade a chance that the Take Profit is executed before. The downside is that the position is doubled in size. 'ACTIVATE DIVIDE TP': Divide the size of the TP in half. More probability of the trade closing but less profit.
█ STOP LOSS and RISK MANAGEMENT.
A good risk management is what can make your equity go up or be liquidated.
The % risk is the percentage of our capital that we are willing to lose by operation. This is recommended to be between 1-5%.
% Risk: (% Stop Loss x % Equity per trade x Leverage) / 100
First the strategy is calculated with Stop Loss, then the risk per operation is determined and from there, the amount per operation is calculated and not vice versa.
In this script you can use a normal Stop Loss or one according to the ATR. Also activate the option to trigger it earlier if the risk percentage is reached. '% RISK ALLOWED'
'STOP LOSS CONFIRMED': The Stop Loss is only activated if the closing of the previous bar is in the loss limit condition. It's useful to prevent the SL from triggering when they do a ‘pump’ to sweep Stops and then return the price to the previous state.
█ BACKTEST
The objective of the Backtest is to evaluate the effectiveness of our strategy. A good Backtest is determined by some parameters such as:
- RECOVERY FACTOR: It consists of dividing the 'net profit' by the 'drawdown’. An excellent trading system has a recovery factor of 10 or more; that is, it generates 10 times more net profit than drawdown.
- PROFIT FACTOR: The ‘Profit Factor’ is another popular measure of system performance. It's as simple as dividing what win trades earn by what loser trades lose. If the strategy is profitable then by definition the 'Profit Factor' is going to be greater than 1. Strategies that are not profitable produce profit factors less than one. A good system has a profit factor of 2 or more. The good thing about the ‘Profit Factor’ is that it tells us what we are going to earn for each dollar we lose. A profit factor of 2.5 tells us that for every dollar we lose operating we will earn 2.5.
- SHARPE: (Return system - Return without risk) / Deviation of returns.
When the variations of gains and losses are very high, the deviation is very high and that leads to a very poor ‘Sharpe’ ratio. If the operations are very close to the average (little deviation) the result is a fairly high 'Sharpe' ratio. If a strategy has a 'Sharpe' ratio greater than 1 it is a good strategy. If it has a 'Sharpe' ratio greater than 2, it is excellent. If it has a ‘Sharpe’ ratio less than 1 then we don't know if it is good or bad, we have to look at other parameters.
- MATHEMATICAL EXPECTATION: (% winning trades X average profit) + (% losing trades X average loss).
To earn money with a Trading system, it is not necessary to win all the operations, what is really important is the final result of the operation. A Trading system has to have positive mathematical expectation as is the case with this script: ME = (0.87 x 30.74$) - (0.13 x 56.16$) = (26.74 - 7.30) = 19.44$ > 0
The game of roulette, for example, has negative mathematical expectation for the player, it can have positive winning streaks, but in the long term, if you continue playing you will end up losing, and casinos know this very well.
PARAMETERS
'BACKTEST DAYS': Number of days back of historical data for the calculation of the Backtest.
'ENTRY TYPE': For '% EQUITY' if you have $ 10,000 of capital and select 7.5%, for example, your entry would be $ 750 without leverage. If you select CONTRACTS for the 'BTCUSDT' pair, for example, it would be the amount in 'Bitcoins' and if you select 'CASH' it would be the amount in $ dollars.
'QUANTITY (LEVERAGE 1X)': The amount for an entry with X1 leverage according to the previous section.
'MAXIMUM LEVERAGE': It's the maximum allowed multiplier of the quantity entered in the previous section according to the volume condition.
The settings are for Bitcoin at Binance Futures (BTC: USDTPERP) in 15 minutes.
For other pairs and other timeframes, the settings have to be adjusted again. And within a month, the settings will be different because we all know the market and the trend are changing.
Money maker EURUSD 15min daytraderVERY IMPORTANT : THIS STRATEGY WAS MADE WITH LEVERAGE IN MIND
You need atleast 20X LEVERAGE ACCOUNT IN ORDER TO WORK PROPERLY.
With high rewards come high risk .
If you dont want to use leverage, use a risk % of less than 0.25 %.
The below example is without use of leverage on a capital 100.000 risking only 0.25% on each trade
This is a breakout strategy, initially made for EURUSD 15 min for London session.
Its made of 4 SMMA and 1 EMA
Rules for entry are simple :
For buy if our current closed candle is above all moving averages, and they are in ascending order ( 3 > 6 > 9 .... ) and we are in the London session we enter.
For sell the same, but in reverse. If closed candle is below all moving averages and they are in descending order ( 3< 6 < 9 .....) and we are in the London session.
We have a risk manangement with TP/SL.
For exit its either if we reach a tp/sl level, or we reach London finish time.
It also has a risk management, calculating the size based on the pips for SL and our current balance.
For any questions , let me know.
VWAP + Fibo Dev Extensions StrategyBased on my VWAP + Fibo deviations indicator, I tested some strategies to see if the indicator can be profitable; and I got it !
This strategy uses:
H1 timeframe
Weekly VWAP
+1.618 / +2.618 / -1.618 / -2.618 Deviations Extensions to create 2 bands
The value of the deviation
First, the 2 bands are plotted : +1.618/+2.618 painted in red and -1.618/-2.618 painted in lime.
Then, we wait for the deviation value to reach at least 150 (see thumbnail) to avoid littles moves when the gaps between bands are too short.
Entry long position :
first candle must crossunder the -1.618 level and low have to stay over the -2.618
low of the second one must stay in the lime band
enter the third one if the deviation value is over limit (150)
Exit long position :
TP : when a high crossover VWAP
SL : when a low crossunder -2.618
Entry short position :
first candle must crossover the +1.618 level and high have to stay under the +2.618
high of the second one must stay in the red band
enter the third one if the deviation value is over limit (150)
Exit short position :
TP : when a low crossunder VWAP
SL : when a high crossover +2.618
Notes :
this strategy uses pyramiding (5), be careful and calculate your risk management
the comission value is set to 0.08% to include slippages when entering a trade because of market orders
This strategy is not an advice to invest, make your own decisions.
BV's ICHIMOKU CLOUD - All Signalshello traders,
With this script you will be able to test the different signals offered by the ichimoku cloud system.
Crossover Tenkan Kijun
Crossover Tenkan Kijun above Kumo
Crossover Price Kijun
Crossover Price Kijun above Kumo
Crossover Price Tenkan
Crossover Prince Tenkan aboce Kumo
Crossover price Kumo
Kumo Color Change
Remember to check the JPYPAIR checkbox if you test a JPY/xxx pair, this will adjust the stop loss and take profit calculation.
You can also adjust the TP and SL values in the parameters to change their ratio. I had good results in 1.5:1 with the :
SL = 2.25 x ATR(14)
TP = 1.5 x ATR(14)
At your tests, don't hesitate to share your results.
HMA & D1 crossoverCan work on Forex if change equity currency and SL and TP etc
This example tuned for ETH/BTC
Enters on HMA (Hull Moving Average) and D1 (Daily Candle) crossovers, Exits basket when profit = TP (Target Profit)
Has Commission and slippage added, test equity at 1 BTC lotsize set too 1% of equity for each order
SOJA PIVOTStrategy using SOJA HUNTER indicator for buy and Pivot points for sell :
-1st TP at R1 with 25% shares
-2nd TP at R2 with 25% shares
SL using trailing stop.
MACD VWAP IndicatorThis indicator uses a combination of the VWAP, EMA 9 and parts of the MACD in order to detect a bullish or bearish trend.
How to trade it:
Set SL either below or above the VWAP line (orange) and TP to 1:1.5 ratio (depending on last few candles, of course).
If EMA200 is close by then place SL either below or above EMA200 (blue) and TP to 1:1.5 ratio
Important:
Best traded in 15M, 30M => Intraday.
Have fun! :)
Strategy Tester EMA-SMA-RSI-MACDOn Tradingview I never saw a custom adjustable strategy script yet, so this is it,
you can change different things and see if you'll get a good strategy or not
Settings:
First choose the source, you can choose out of:
close, open, high, low, ohlc4, hlc3, hl2
Then choose you strategy: Long & Short, Long only or Short only
Next, choose your entry "Buy/Long" (which is the "close Short position" when "Short"):
- (E)MA 1 > (E)MA 2 (Each can be made ema or sma)
- close above (E)MA 1
- RSI strategy
- macd > signal
- macd > 0
- signal > 0
Then choose your RSI values if needed (for example you want a trigger when EMA 1 > SMA 2
but only if RSI > 60, then change "IF RSI >" from 0 to 60
Next you can choose an extra argument
and even a second argument with Higher Time Frame settings
Under this you can change your (E)MA values as desired (HTF values, MACD and RSI length can be found lower)
All the same with the exit/close (or if "Short", this is your entry)
Again, change everything as you wish
Then comes the RSI length setting, MACD settings and HTF settings, followed by SL/TP settings
(you also can enable/disable SL/TP), and TIME settings (for example you want to know the profit only from this year)
Alerts are provided in next script
Have fun!
Fixed Percent Stop Loss & Take Profit % - For Study Scripts===========
Fixed Percent Stop Loss & Take Profit % - { FOR STUDY SCRIPTS! }
===========
A neat example of how to set up Fixed Stops and Take Profit as a percent of the entry price - This is for setting Alerts within your own Study Script for when either your SL or TP get hit.
Yup, that's about it!
You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT profitable and NOT recommended!
You should be using this code as a way of adding Stops and Takes to your own scripts - hope it helps!
Set your "Open Long/Short" Alerts to be triggered "Once per Bar Close" - Set your "SL/TP" Alerts to trigger "Once per Bar".
--
We wrote this with a bit of a rush on! ~ If you spot any mistakes/bugs just let us know and we'll get round to them asap!
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Good Luck and Happy Trading!
[mya] ATR FilteredATR Filtered for NNFX trading.
A classic Average True Range (ATR) indicator with a simple feature to filter out the spikes.
The ATR value is the tool to determine your TP and SL on daily time-frame, specifically in the NNFX way of trading.
VP mentions in his podcast that when the ATR spikes up you have 2 options: 1. wait 14 candles for the ATR to normalize, 2. use the ATR value prior to the spike.
ATR spikes are easy to spot (thus easy to exclude) for an itraday flash crash.
On the other hand when volatility increases over several candles (as in the Covid-19 shock) it can be difficult to determine which ATR value to base your TP/SL on.
In definition of standard deviation, 95.4% of the value will fall within the 2 sigma bands. Therefore the rest 4.6% can be filtered out as an extreme value (a spike).
The ATR in this indicator will plot the standard ATR value in normal condition, then when the ATR spike happens it will stay at the highest value at the point, when the ATR exceeded its 2 sigma band.
The filtering will reset when the ATR comes back down below the extended highest value.
*Disclaimer: Use at your own risk. I am not a programmer, just another guy trying to beat this game. Let's go get it.
SimplicityA simple all in one indicator. Combines a simple moving average with an ATR-based money management system. Simply buy when a candle closes above the MA, and sell when it closes below. Set first TP at 1ATR and initial SL at 1.5-1ATR. When price hits 1st TP, exit half of your position. Use the MA to trail your stop on the other half of the position.
