GenericTradingLibrary "GenericTrading"
This library aims to collect rare but useful operations for
get_most_recent_long_or_short_position_closed_index() : returns most recent long/short closed bar index.
get_most_recent_long_or_short_position_open_index() : returns most recent long/short closed bar index.
These two functions designed to help to speed up the coding for strategies that contains "re-enter" logic.
These two functions also could applies in the situations where time-count is needed in your condition.
Strategy
EneX SignalEneX is signal that give recommendation signals for entry and exit on spot market. This indicators not suitable for leverage trading in futures market.
EneX signal consider several indicators and has entry and exit rules.
EneX signal is suitable for investors who believe in trend following strategy (disclaimer on).
This script composed by Yohan Naftali for educational purpose only. Reader who will use this signal must do own research.
Indicator and Plot Involved
1. Williams Fractals with default periods = 2
2. William Alligator Indicators with default simple moving average 8, 13, and 21
3. Exponential Moving Averages with default value EMA 50, 100, and 200
4. Relative Strength Index with default overbought level = 80 and oversold level = 20
5. Williams Fractals are joined to create support and resistance line and fill area between support and resistance lines.
Entry signal conditions
1. Entry on Weakness when bullish fractal appear on n/2 period
2. Entry when price break resistance line
All entry condition must above EMA and alligator signal and not in overbought RSI
Exit signal conditions
1. Lowest price is below Exponential Moving Average
2. Lowest price is below William alligator lines
You can easily find entry and exit points by using Entry (E), Exit(X) signals
How to use
1. Monitor chart and wait until E or X signals
2. Entry if Entry Signal (E) appear (green colored label)
3. Exit if Exit Signal (X) appear (red colored label)
4. Change indicators setting when necessary
Best Practice
1. Entry only when entry signal (E) appear
2. Never entry when price below William alligator signal
3. Exit when exit signal (X) appear
4. Not exit when exit signal appear when you believe or you have information that price will be rebound
5. Exit if you believe that current price meet your target price
6. Always wise when use EneX signals
Disclaimer
Do your own research and consider fundamental price of asset.
The indicators provided on this script is for educational purposes only.
Author does not offer advisory or brokerage services, nor does it recommend or advise users to buy or sell particular stocks or securities.
Please examined script and give feedback for further improvement.
Low-High-Trend StrategyWhen asked what the key to successful investing was, Warren Buffet famously said “buy low, sell high.” Was he onto something? Today I am sharing with the community a simple “buy low, sell high” strategy with an optional trend filter and take-profit target. I’ve found that this strategy works well in a variety of markets but has a higher tendency to out-perform buy & hold in markets that are ranging sideways.
How it works:
The strategy tracks the highest and lowest price over the last X number of bars (you select the look-back period). The highest price line is plotted in green and the lowest price line is potted in red. If the price crosses over the lowest price in the last X number of bars, then a buy signal is generated. Exit options include a take-profit % or selling when the price crosses over the highest price in the last X amount of bars. I.e. “Buy low, sell high.” An EMA is also plotted as a blue trend line, and there is an option to only trade if the price is above the EMA trend line.
Disclaimer: Open source scripts I publish in the community are largely meant to spark ideas that can be used as building blocks for part of a more robust trade management strategy. Even though this example script beats buy and hold over the back-test time-frame, I wouldn't advise using it as a stand-alone strategy without significant additions/modifications to the strategy and risk management functions. In this example the script is being used as a medium-term strategy with just 10% leverage over account equity, a $25k start balance, and back-testing 10+ years. Modifiable slippage and commissions are included in the model.
Green line = Highest price in the look-back period
Red line = Lowest price in the look-back period
Blue line = EMA Trend
ProProfits LongStrategy made ready for automated trading based on Wavetrend/VWAP/RSI.
Whenever a 18 minute timeframe wave reaches below -60 is followed by a 3 minute timeframe VWAP cross up, a long signal will be given.
Once an RSI cross on the 10 minute timeframe above 60 is followed by a red dot on the momentum waves on the 1 minute timeframe, a Take Profit signal will be given.
The timeframes are adjustable in the settings interface, so this automated strategy can be used with any timeframe combination for the Wavetrend/VWAP/RSI.
Always make sure to view the chart from the lowest timeframe you're using.
TradingGroundhog - Fundamental Bot Automation - Fractal/Wave -V1PLEASE READ THE DESCRIPTION - AS THE SCRIPT IS USED FOR AUTOMATION AND TRADING PAIR SWITCH THE MECHANISM CAN BE COMPLICATED TO UNDERSTAND
#-- Pairs Switching - No Repaint - Fractals - Wavetrend --
This strategy uses my fractal/wavetrend previous methods in order to buy/sell.
However, it has been designed in order to switch automatically the pairs on which it trades to reduce the loss and risk.
#-- Synopsis --
To do so, the script uses a Daily wavetrend oscillator. The oscillator is used to find uptrend periods.
From it, the number of uptrend days are counted.
#-- Wavetrend --
For exemple, if BTC/EUR goes from downtrend to uptrend, the script will start to count since how many days the market is uptrend.
Then, if BTC/EUR goes from uptrend to downtrend, the counter will be reset to 0.
The script only trades during uptrend periods.
#-- Pairs --
Up to 35 pairs can be used at the same time. The user can enable of disable to trade on certain pairs.
Uptrend days are counted for each one of those pairs. The user can define on how many pairs the script can trade at the same time.
The select which pairs will be trade, the script sort all the enabled pairs based on their uptrend days counters.
#-- Trade organization --
For exemple if we set 5, as the number of maximum pairs to trade on.
Trades will be conducted on the 5 pairs being in uptrend for the longest time.
Therefore, to organize the money placement on each pair, the equity is used.
For 100% of equity, 10% are kept if losing trades occur.
The remaining 90% are divided by the number of maximum pairs to trade on.
If we chose 5, we will have (90/5) 18% of our capital placed in each bot.
#-- Setting it --
As explained before, this script is used for automation.
For exemple, lets say you are interested by 15 pairs with promising evolution and you set the number of maximum pairs to trade on to 5.
You will have to set alerts for the script on each of the 15 pairs.
You will receive alerts for when to buy and sell.
Note that the script has to be set for each of the selected pairs, it is not able to trade on 15 pairs (thus, webpages) if only set on one Tradingview webpage.
#-- Plot--
Once launch, you can see a plot.
The plot represent the Uptrend days counter for 20 pairs. It also project the organization of the ENABLED pairs.
If a pair is part of the one with the highest number of uprend days. It's name will be displayed under the plot in a yellow comment box.
Four other box are projected to the right of the plot:
White comment : All the pairs sorted from highest number of uptrend days to the lowest.
Red comment : Pairs with the lowest number of uptrend days.
Blue comment : Interesting pairs which will may be uptrend for a long time.
Green comment : Actual pairs with active trading (thus, the pairs with the maximum number of uptrend days)
#-- Bot automation --
If you use 3commas or other trading bot platforms, you will have to set as comments the BUY/SELL alerts. <= Which is what I am doing with it.
Doing so make you trade on multiple pairs, automatically.
However, you will need to set as input the 3commas signal.
For the moment, the script will be needed for it.
However, I will soon release a V2 taking as input the 3commas strategy comments.
For the moment, you can set the script in different webpages and follow BUY/SELL orders by eyes of alerts. ;)
#-- Parameters --
*** Parameters have been intensively optimized using 35 cryptocurrency pairsin order to have potent efficiency for each of them. I would recommend to only change the METHOD SETTINGS. For the others, I don't recommend any modifications. If you need precision on the other parameters of if you want to modify them, more informations can be found in my previous scripts and ***
Filtering method :
Used to reduce or not the risks. If you set Wavetrend, less trades will be conducted as the wavetrend filter from will be used. If you choose Fractal, no Wavetrend signals will be used.
(I prefer to use Fractal as I am using 1 or 3 minutes timeframes for the moment.)
Market Pairs : You can select on which markets the script will trade by enabling it's checkbox.
*** Also, for the moment, due to Pinescript limitation, I cannot set as input the number of active pairs. So I set 5, after optimization, as the default number of maximum pairs to trade on. Thus, you should open webpage for each ENABLED pairs and load the script in each on them. 5 Tradingview webpage will always be active. ***
#-- Timeframe --
You can use the script for Short or Long term trading:
For Short term, you will have to use 1 or 3 minutes timeframes, depending on the volatility of the market. (What I am using)
For Long term, you will have to use 5 or 15 minutes timeframes, depending on the volatility of the market.
#-- Strategy abilities and results for more than a month of activity -- *** !!! IMPORTANT SECTION !!! ***
I have simulated the profit for the 21 ACTIVE pairs I selected has been potent with my Fractal strategy. Different maximum number of trading pairs were used in order to find the best one. The script was run for the last 46 or 30 days.
Different timeframe have been used as pairs have different volatility.
*** If you use the script, SET IT UP with the following pairs and the following timeframes. ***
-------------------------------------------------------------------------------------------------------
Parameters | Maximum number of trading pairs
-------------------------------------------------------------------------------------------------------
Timeframe | Pairs | 1 2 3 5 6 10
-------------------------------------------------------------------------------------------------------
3M | SHIB | 0 0.98 3.63 2.17 2.56 2.56
1M | SOL | 0 1.5 1.08 1.26 0 0
3M | XRP | 10.5 4.56 3.29 2.19 1.52 1.52
3M | ETH | 9.94 6.97 4.55 3.45 2.19 2.19
3M | BTC | 1.7 2.32 1.74 1.88 1.33 1.33
3M | DOT | 0 3.5 2.32 2.27 1.99 1.99
1M | DOGE | 0 0 0 3.14 1.93 1.93
1M | LUNA | 0 0 0 0.23 2.35 2.35
3M | AVAX | 8.92 0 0.53 3.63 1.17 1.17
1M | HOT | 0 0 2.12 7.96 4.69 4.69
3M | GRT | 0 -1.09 -0.82 0.25 -0.191 0
1M | LINK | 0 0 0 0 0 0
1M | CHZ | 0 0 0.4 0.85 1.89 1.91
3M | WIN | 0 0 0.52 5.89 2.8 2..8
3M | ENJ | 32.63 15.65 12.55 10.31 5.62 5.62
3M | RUNE | 0 4.68 3.42 -1.18 2.3 2.3
3M | LTC | 0 -0.06 1.1 1.29 3.49 3.49
3M | BTT | 0 0 0 0.85 1.63 1.63
3M | BCH | 0 0 0 1.36 2.36 2.36
3M | WRX | 0.26 4.66 5.36 4.29 3.01 3.01
3M | ETC | -0.92 0 0 3.6 3.31 3.56
-------------------------------------------------------------------------------------------------------
Net profit % | 63.03 43.67 37.24 55.69 45.949 43.61
Number of days | 46 30 30 46 46 46
Net profit % per day | 1.38 1.46 1.25 1.22 1.00 0.95
-------------------------------------------------------------------------------------------------------
*** Therefore, we are around more than 1% per day in each case. ***
#-- Choosing pairs --
I selected the 35 cryptocurrencies which can be exchange with EUR and evaluated the ability of my Fractal script on them. The on which have been ENABLED (true) are the best.
BINANCE:SHIBEUR | true
BINANCE:SOLEUR | true
BINANCE:XRPEUR | true
BINANCE:ETHEUR | true
BINANCE:BTCEUR | true
BINANCE:DOTEUR | true
BINANCE:ENJEUR | true
BINANCE:DOGEEUR | true
BINANCE:LUNAEUR | true
BINANCE:VETEUR | false
BINANCE:BNBEUR | false
BINANCE:AVAXEUR | true
BINANCE:HOTEUR | true
BINANCE:EGLDEUR | false
BINANCE:GRTEUR | true
BINANCE:MATICEUR | false
BINANCE:LINKEUR | true
BINANCE:CHZEUR | true
BINANCE:ICPEUR | false
BINANCE:UNIEUR | false
BINANCE:WINEUR | true
BINANCE:ADAEUR | false
BINANCE:RUNEEUR | true
BINANCE:TRXEUR | false
BINANCE:THETAEUR | false
BINANCE:EOSEUR | false
BINANCE:LTCEUR | true
BINANCE:XLMEUR | false
BINANCE:BTTEUR | true
BINANCE:SXPEUR | false
BINANCE:LAZIOEUR | false
BINANCE:YFIEUR | false
BINANCE:BCHEUR | true
BINANCE:WRXEUR | true
BINANCE:ETCEUR | true
when bull D timeframeEcco a voi la mia strategia basata su atr con implementazioni personali per definire facilmente la condizione di mercato su btc e eth, come potete vedere punta ad identificare solo le salite più importati ignorando i falsi segnali che avvengono nelle fasi di bear market (o di incertezza). Da utilizzare con timeframe D.
Condivido una versione disponibile e funzionante gratuitamente fino al 31/12/2022 dopo tale data lo script tornerà a pagamento.
Here is my strategy based on atr with personal implementations to easily define the market condition on btc and eth, as you can see it aims to identify only the most important climbs ignoring the false signals that occur in the bear market (or uncertainty) phases. For use with timeframe D. I share a version available and working for free until 31/12/2022 after that date the script will return not for free.
Stay Tuned
Bot go_up DD_long/shortHello!
This strategy is based on the double bottom pattern - for entering a long position / double top-short
A double bottom pattern is formed when two price bottoms are relatively at the same level and the top acts as resistance. This pattern appears at the end of a downtrend and signals a reversal.
A double top is a bearish reversal pattern that signals the end of an uptrend. It is formed by two price highs forming at the same level and a notch line that acts as local support.
As history and practice show, the double bottom pattern works better. Moreover, in a bull market.
You can include only long or only short. BUT while there is a long, a short position will not be opened, in fact, with a long as well.
You can use reverse trade, one coin at a time.
DESCRIPTION:
// LOGIC ENTRY:
Period for short and long positions-to search for double bottom as well as double top. the more, the less false.
Change liong and short-channel width for pattern search separately for long and short.
General shift-the overall width of the channel, which changes equally at once for long and short
By default, quiet settings for tf 5 minutes are applied!
You can choose the settings you like.
// AMOUNT(USDT) FIRST ORDER AND > % NEXT
In the first column, indicate the amount, in the second, how many percent the next order will be more than the previous one.
// EXIT SETTINGS
Closing a trade by RSI when it reaches the level specified in the settings (but in the negative, the trade will never be closed, even if the condition is triggered)
Using a percentage to exit a trade + stop loss. (Put a stop order 1000+ on the market can be anything, especially if you use spot trading)
PS: in order to use the RSI output at a certain level, put a checkmark on the desired one, and also check the percentage box and indicate a take on the percentage 10-20 +)
// MARTINGALE GRID
If there is a check mark, then the grid is used.
Use all signals?
If yes, then there will be no limit on inputs from logic
If the checkbox is not checked, then you can limit the entries from the strategy logic by the specified percentage.
Grid, the next order, when decreasing by a certain percentage, an order when decreasing by the percentage that will be specified (after entering from the logic, when the next signal appears, the grid will be counted from the beginning)
PS: orders are not automatically placed, if the conditions are triggered, then the entry is only at the next bar (within the TV, it is not possible to add orders immediately, but most often, in case of straits, for the better)
// FILTER SETTINGS
The filter consists of a series of popular, averaged oscillators
//DATA RANGE
You can see the results for the selected period
//
CALCULATION OF ORDERS AND MARGIN (FOR INFO ONLY)
The number of orders is the number of entries (you must always have the same number of orders in the arguments and in the properties !!)
- in the aruments for understanding, in the properties - it does not matter how much it will cost there, so many inputs will be!)
-leverage is created to calculate the margin
When you change these parameters, you will understand how much money is required in general and what maximum drawdown can be allowed
Green line-take, lower-stop-order.
To use algo trading, in fact, you need to use a script, in the service through which you will transmit a signal through webhooks, you need to select the amount.
{{strategy.order.contracts}}
ОПИСАНИЕ НА РУССКОМ
//ЛОГИКА ВХОДА:
Период для шорт и лонг позиций, сдвиг для шорта лонга, также общий
По умолчанию применены спокойные настройки для тф. 5 минут.
Вы можете самостоятельно подбирать настройки, основываясь на прошлые результаты
//СУММА ВХОДА В ЮЗДТ +МАРТИНГЕЙЛ:
В первой графе указываете сумму , во второй -на сколько процентов следующий ордер будет больше предыдущего.
//НАСТРОЙКИ ВЫХОДА ИЗ СДЕЛКИ
Закрытие сделки по RSI, когда достигнет уровня, указанного в настройках ( но в минус сделка не будет закрыта никогда, даже если условие сработало)
Использование процента для выхода из сделки+ стоп приказ.( Ставьте стоп-приказ 1000+ на рынке может быть всякое, тем более, если используете спотовую торговлю)
ПС: для того, чтобы использовать выход по RSI по определенному уровню, поставьте галочку на нужный , а также поставьте галочку по проценту и укажите тейк по проценту 10-20+)
//НАСТРОЙКИ СЕТКИ
Если стоит галочка-то сетка используется.
Использовать все сигналы?
Если да, то лимита по входам от логики не будет
Если не стоит галочка, то можно ограничить входы от логики стратегии, на указанный процент.
Сетка, следующий ордер, при снижении на определенный процент-след ордер при снижении на тот процент, который будет указан ( после входа от логики , при появлении следующего сигнала сетка будет считаться с начала)
ПС: ордера автоматически не ставятся, если сработали условия, то вход, только на следующем баре ( в рамках ТВ, нет возможности добавить сразу ордера, но чаще всего, при проливах-к лучшему)
//НАСТРОЙКИ ФИЛЬТРА
Фильтр состоит из серии популярных, усредненных осцилляторов.
//
БЭКТЕСТИНГ
Можете посмотреть результаты за выбранный промежуток
//
ПИРАМИДИНГ (исключительно для расчета)
Количество ордеров-это количество входов ( у вас всегда должно быть одинаковое количество ордеров в агрументах и в свойствах!!)
-в аргументах для понимания, в свойствах -важно, сколько там будет стоить-столько входов и будет!)
-плечо создано для расчета маржи
При изменение данных параметров Вы будете понимать сколько потребуется средств в общем и какую максимальную просадку можно допустить
Зеленая линия-тейк, нижняя-стоп-приказ.
Для использования алго-трейдинга, собственно так и нужно использовать скрипт, в сервисе, через который Вы будете передавать сигнал через веб-хуки , Вам нужно выбрать количество.
{{strategy.order.contracts}}
Удачных трейдов, друзья!
DI Crossing Daily Straregy HulkTradingSimple strategy based on crossing DI+ and DI- and Average True Range.
Long entry when DI+ crossover DI-
Short entry when DI+ crossunder DI-
Stop Loss and Take Profits based on Average True Range.
Default values are 1*ATR(14) for stop loss and 2*ATR(14) for Take Profit.
Risk reward 1 to 2 ratio.
Recommended default values, but you can change it if you want.
Recommended timeframe - 1D.
Script was tested on BTCUSDT pair and have a 2.4 profit factor.
Tendency EMA + RSI [Alorse]A very simple and highly effective strategy LONG & SHORT that combines only 2 indicators:
RSI
3 Moving Average Exponential (EMA)
LONG Entry conditions are:
EMA 20 cross over EMA 10
EMA 10 is above EMA 100
LONG Exit conditions are:
RSI greater than 70
Or when X number of candles have passed and the trade is in profit. (Check Settings)
SHORT Entry conditions are:
EMA 20 cross under EMA 10
EMA 10 is below EMA 100
SHORT Exit conditions are:
RSI is less than 30
Or when X number of candles have passed and the trade is in profit. (Check Settings)
EMA RSI ADX Scalping StrategyThis is the strategy version of my ERA Indicator. You can check my scripts if you'd like to use only study indicator.
Strategy Rules For Long Entry:
- Check if price above the set EMA (Can disable this rule if you'd like in the settings)
- RSI is in Oversold
- ADX is above set "Trend Ready" threshold (Meaning there is a trend going on)
- Price must approve the trend of previous candles. This is bullish for buy entries and bearish for sell entries.
- Enter with stop loss below last swing low with 1:1 or 1.5:1 take profit ratio.
Strategy Rules For Short Entry:
- Check if price below the set EMA (Can disable this rule if you'd like in the settings)
- RSI is in Overbought
- ADX is above set "Trend Ready" threshold (Meaning there is a trend going on)
- Price must approve the trend of previous candles. This is bullish for buy entries and bearish for sell entries.
- Enter with stop loss above last swing high with 1:1 or 1.5:1 take profit ratio. (Can be adjusted)
Features:
- You can modify a lot values to your liking.
- Choose Fixed or Trailing Stop Loss / Take Profit with detailed modifiers.
- You can connect it to bots if you'd like.
- It does NOT repaint.
- Since it's a scalping strategy recommended to use on 15 min or below timelines.
- Choose if you want to stop entry on opposite signals.
- And some other things i may not remember right now...
I tried to code this as modifiable as possible. Let me know if there are any problems you encounter. Open to suggestions as well.
Happy Trading.
Moon Phases Strategy [LuxAlgo]Trading moon phases has become quite popular among traders, believing that there exists a relationship between moon phases and market movements. This strategy is based on an estimate of moon phases with the possibility to use different methods to determine long/short positions based on moon phases.
Note that we assume moon phases are perfectly periodic with a cycle of 29.530588853 days (which is not realistically the case), as such there exists a difference between the detected moon phases by the strategy and the ones you would see. This difference becomes less important when using higher timeframes.
Settings
New Moon Reference Date: Date of a new moon to be used as starting point for the cycle calculation. Buy: Determine the condition to be used to open a long position Sell: Determine the condition to be used to open a short position
Description
The strategy can use different buy/sell conditions, these are determined in the Buy/Sell settings drop-down menu.
By default, the strategy goes long on a new moon and short on a full moon. This setup is common since full moons are said to be related to depressed mood. However, it is possible to use inverse conditions.
Users can also go long on higher moons (new moons or full moons occurring at a price that is higher than the previous one when a new/full moon occurred) and short on lower moons, this would return a trend following strategy, using the inverse conditions (buy lower moons/sell higher moons) would return a contrarian strategy.
The above chart displays the strategy using default conditions.
The above chart displays the strategy of going long on a higher moon and selling on a lower moon.
Quick Summary
We provide a quick summary of the strategy using default conditions (buy on a new moon, sell on a full moon) on various tickers using the 4h timeframe (note that using a lower timeframe would return a backtest executing a lower number of trades).
Constant position sizing is used and no frictional costs are considered.
BTCUSD
The moon phases strategy has been regularly tested with BTCUSD, with traders highlighting how moon phases tend to occur during tops/bottoms. We test the strategy from 2019-01-06 00:00.
Net Profit: $68544.86 Closed Trades : 67 % Profitability : 50.75 Max Drawdown : $18541.24 Max
TSLA
The strategy is tested from 2011-01-04 14:30
Net profit: $349.17 Closed Trades : 265 % Profitability : 54.34 Max Drawdown : $262.72
EURUSD
The strategy is tested from 2018-01-16 14:00.
Net profit: $-0.18 Closed Trades : 91 % Profitability : 50.55 Max Drawdown : 0.36
TradingGroundhog - Strategy & Fractal V1#-- Public Strategy - No Repaint - Fractals -- Short term
Here I come with another script, more simple than Wavetrend V1. You will love it.
#-- Synopsis --
Another simple idea, on a small time frame (15 min) we buy when the opening price goes below a Bottom fractals and sell when it goes over a Top fractals, but as this script do not use Wavetrends. You should stop by your self to use the script during long lasting downtrends.
I developed the strategy using BTC /EUR 3 MIN BINANCE but it can be applied to many other cryptos, I don't know for forex or others. You can use it for short term (to a month of uptrend) and automated trading.
#-- Graph reading --
And now, how to read it ?
Fractals:
Yellow Flags occur when the opening price goes below a Bottom fractal , it means Buy.
White Flags appear when the opening price goes over a Top fractal , it means Sell.
#-- Parameters --
*** Parameters have been intensively optimized using 10 cryptocurrency markets in order to have potent efficiency for each of them. I would recommend to only change the Can Be touch parameter. For the others, I don't recommend any modifications. The idea behind the script is to be able to switch between markets without having to optimize parameters, less work, easy to target active crypto and therefor limit the risks. ***
Can be touch :
'Filter fractals' : Activate or Disable the filtering fractal operation. If Enable, buy during less risky periods. (Activate is often better)
Can be touch but not necessary :
'VolumeMA' : The Volume corrector used by the fractals
'Extreme window' : The number of price individuals to look for if we want to remove extreme fractals.
Not to touch :
'Long Sop Loss (%)' : The minimal difference of price between a Fractal bottom and the opening price to buy.
#-- Time frame --
Should be used with the following time frames depending on the necessity:
1 MIN
3 MIN (Preferred with the parameters set)
5 MIN
#-- Last words --
The script can be set up to send Tradingview signals to 3comma just by adding comment = " " in strategy.close_all() and strategy.entry().
Good trades !
Disclaimer (As it should always be one to any script)
***
This script is intended for and only to be used for personal purposes only. No such information provided by it constitutes advice or a recommendation for any investment or trading strategy for any specific person. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements offered by the script. Users of the script agree that its original developer does not take responsibility for any of your investment decisions. Please seek professional advice before trading.
***
# Here are the results from the 20rst of September 2021 with 100% of equity on the BTC /EUR 3 Min and with a capital of 10 000 EUR. So almost, one month.
# As I saw, it goes from +30% to more than +160% (the great SHIB) depending on the selected crypto. It may be negative if you spot a downtrend.
TradingGroundhog - Strategy & Wavetrend V2#-- Public Strategy - No Repaint - Fractals - Wavetrend --
Here I come with another script, a nice and simple strategy based on fractals and Wavetrends.
#-- Synopsis --
A simple idea, on a small time frame (15 min) we buy when the opening price goes below a Bottom fractals and sell when it goes over a Top fractals, but in order to avoid bad and evil downtrends, we use Wavetrends based on a Daily time frame. From it, Tops and Bottoms are extracted. If the opening price goes above Wavetrend Tops, no trades will be conducted during the day. If the price goes below Wavetrend bottoms, no trades will be executed from 1 to N days, until a new Wavetrend bottom is generated.
I developed the strategy using BTC /EUR 15 MIN BINANCE but it can be applied to many other cryptos, I don't know for forex or others. You can use it for long term and automated trading, I implemented the Wavetrend indicator to do so, or for short term if you have spot a long coming uptrend. Test it, look at its profit and long or short period on your crypto of choice.
#-- Graph reading --
And now, how to read it ?
Wavetrends:
Red Backgrounds are associated to No Trade periods. These periods occur when the price goes below a Wavetrend bottom or above a Wavetrend Top. They are here to limit the loss.
Blue Gradient lines represent the past Tops. For each bar, only the increasing values of the Wavetrend tops are acquired. Going from light to dark blue based on the age of the Tops. Thus, if on line goes from dark to light, this means the price is approaching a previous Wavetrend top. In the opposite, if it darken, thus the price say 'buy buy' and go dropping.
Yellow Gradient lines represent the past Bottoms. They are based on the same principe that the blue lines.
Fractals:
Yellow Flags occur when the opening price goes below a Bottom fractal , it means Buy.
White Flags appear when the opening price goes over a Top fractal , it means Sell.
#-- Parameters --
*** Parameters have been intensively optimized using 10 cryptocurrency markets in order to have potent efficiency for each of them. I would recommend to only change the Can Be touch parameter. For the others, I don't recommend any modifications. The idea behind the script is to be able to switch between markets without having to optimize parameters, less work, easy to target active crypto and therefor limit the risks. ***
Can be touch :
'Combined Smoothness' : The number of open individuals used by the Wavetrend. (6 or 9, often 9 is better but with less volatile crypto it will be 6)
'Filter fractals' : Activate or Disable the filtering fractal operation. If Enable, buy during less risky periods. (Disable is often better)
Can be touch but not necessary :
'VolumeMA' : The Volume corrector used by the fractals
'Extreme window' : The number of price individuals to look for if we want to remove extreme fractals.
Not to touch :
'Limit_candle to look on' : Number of candles to use to compute the Wavetrend Tops and Bottoms.
'Length top bottom drawn' : Size of the lines
'Long Sop Loss (%)' : The minimal difference of price between a Fractal bottom and the opening price to buy.
#-- Time frame --
Should be used with the following time frames depending on the necessity:
1 MIN
3 MIN (Interesting for short term profit, may need some parameter ajustements)
5 MIN
15 MIN (Preferred for long term profit, the script was developed on it)
#-- Last words --
The script can be set up to send Tradingview signals to 3comma just by adding comment = " " in strategy.close_all() and strategy.entry().
Good trades !
Disclaimer (As it should always be one to any script)
***
This script is intended for and only to be used for personal purposes only. No such information provided by it constitutes advice or a recommendation for any investment or trading strategy for any specific person. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements offered by the script. Users of the script agree that its original developer does not take responsibility for any of your investment decisions. Please seek professional advice before trading.
***
# Here are the results from the 1rst of July 2021 with 100% of equity on the BTC /EUR 15 Min and with a capital of 1 000 EUR.
# As I saw, it goes from +20% to more than +100% depending on the selected crypto. Sometimes it's negative but it's quite rare on crypto using the EUR.
TripleEMA + StochasticRSI + ATR Scalping Strategy by TradeSmartCOINBASE:BTCUSD Hello everyone and welcome to our second script release!
This script is one of many upcoming scripts. This one is a test for us, how it works, how you guys like this kind of stuff, and for feedback what we should change/improve at.
So feel free to comment any suggestions you have.
SCRIPT IS OPTIMIZED FOR:
BTC/USD (Coinbase) 15 minute timeframe
(Keep in mind default settings does not include trading fees, you can set it at the properties)
I recommend using this script on a trading exchange where the fees are extremely low or on an exchange where you get paid to place limit orders.
(I am not a financial avdvisor and none of this is financial advice.)
Now you can modify the following:
Stochastic RSI
3 different EMA
Length of ATR (for stop loss and take profit)
Stop Loss and Take Profit Risk to Reward ratio
Choice between Capital Risk on each trade or Risk of % of Capital
Allowing Short/Long entries only
Limit between dates
Trading days 1-7
We will update the script with more and more features taking in consideration your requests.
Hope you like it! Don't forget to let us know what we should change or improve. Thanks, and have a great day!
STRATEGY ENTRY RULES
LONG
When EMAs are lining up (meaning for ex. 400 < 13 < 7), and the Stochastic RSI crosses upwards (meaning blue line crosses orange upwards), then go long.
SHORT
When EMAs are lining down (meaning for ex. 7 < 13 < 400), and the Stochastic RSI crosses downwards (meaning blue line crosses orange downwards), then go short.
TAKE PROFIT
When price hits the exit price (calculated from stop loss with the risk ratio)
STOP LOSS
When price hits stop loss then exit the position.
QUANTITY TO BUY (Risk per Trade % or Capital %)
Risk Per Trade % attribute: we can set how much money we want to risk on one trade. Meaning that if we lose that particular position, then a Risk Per Trade % value of our equity will be lost.
Example: if you set the Risk Per Trade % to 1 % and you have a 100$ account balance, then if you loose the trade you will loose 1$ max.
Capital % we can set with how big % of our capital we want to enter into a position. Meaning that we enter with a set % of our capital.
Example: if you set the Capital % to 1 % and you have a 100$ account balance, then you will enter the position with 1$.
First Release Settings: (2021-10-25) for BTC/USD (Coinbase) 15 minute timeframe
Stochastic RSI settings: (Not displayed in the script. If you want to see it you have to add it separately.)
K: 3
D: 2
RSI Length: 6
Stochastic Length: 16
RSI Source: hlc3
EMA 1: 5
Source One: Close
EMA 2: 12
Source Two: Close
EMA 3: 215
Source Three: Close
Length of ATR: 16
Stop Loss Multiplier (risk): 3.6
Exit Price Multiplier (reward): 1
Risk Percentage: 3
Allow Long Entries: yes
Allow Short Entries: yes
Valid Trading Days: 1234567
The valid trading days of the Limit Trading Time feature. Numbers represent the days: Sunday (1), Monday (2), Tuesday (3), …, Saturday (7)
If you like this one, follow for more scripts! Thank you for your support!
Cava Signals Backtesting/VisualizerPLEASE READ THE DESCRIPTION CAREFULLY
Trying this again, as it seems I keep violating the rules unintentionally. Moderator, please forgive me as I try to make this right.
This backtesting/visualizer script was created for me to get a visual idea of the Cava Signals indicator throughout its development time and continuous optimization.
This script is to be used on the 30-minute timeframe on supported markets, and whether I can only publish strategies on regular candles, the indicator is meant to trigger on heikin ashi candles.I understand backtesting on non-regular candles produces unrealistic results, but I emphasize that this script is more for visualization purposes rather than accurate $ amounts from the trades. The signals are used along with a dedicated bot configuration, so part of the strategy is not managed by the script, but by the bot's config.
Some behind the scenes on what we are looking at:
a combination of ema and sma crosses on different time frames (5m, 15m, 30m, 60m and 90m) - we call this the wave trend
a combination of stochastic rsi on different time frames (10m, 30m)
a combination of schaff trend cycles on different time frames (5m, 20m and 30m)
a combination of money flow index on different time frames (10m and 30m)
volume information for each supported market/pair
and a couple of other info particular to each pair
With the above combination of data points, we try to optimize our strategy for an entry, for dca'ing down in case the coin goes down as well as dca'ing up to maximize profit when a coin is going up, take profit levels when we recognize a good time to do so, and of course, a closing level. I would like to emphasize the *visualization* purpose of this script in recognizing lows, highs, and market structure to identify the important levels to signal - this script is NOT to be used for accurate backtesting, but for an idea of the overall performance of when signals are triggered.
Let me try to explain the workflow and icons you see on the chart:
The colored circles on the bottom of the chart are all buy signals; each color corresponds to a particular buy signal, we have a combination of 9 possible situations that would trigger a buy signal. Some would trigger a buy signal only in combination with other buy signals or other indicators within the script. we also display a green upwards arrow below bars when a buy signal is triggered.
The colored arrows pointing down on the top of the chart are close signals. We have a combination of 5 closing criteria each color corresponds to one, just like the buy signals do. We only close a trade in profit. If not in profit, we will look to DCA down.
DCA signals are shown by the green flag above bars. they are signals to DCA up or down depending on the trade being negative or positive. DCA'ing up or down is also managed by the bot's configuration for limits on when to accept the signal.
Take Profit levels are shown by the green diamond above bars and work in conjunction with the bot's config on when to take the signal if at all and other take profit levels. Usually, when we hit the first take profit level we move our stop loss to entry via the bot's take profit safety feature. You can see this call with the close entry named TPS .
The black bars you may see on the chart is to illustrate when the market is extended based on a particular strategy. During this period we will not trigger a buy signal unless there is a huge spike in positive volume .
The green number below the bars is the total positive delta volume on the buy candles.
On the table on the right upper corner, we show some information on the market and performance of the backtesting - for visualization purposes only!
Currently, the script is tailored to work with the following markets/pairs:
Binance Spot: ADA, ALGO, ATOM, AVAX, BNB, BTC , DOT, ETH, LINK, LUNA, MATIC, SOL, VET, XRP, XTZ
Binance Futures: BTC , ETH, ADA, ALGO, ATOM, BNB, COMP, DOT, ENJ , LINK, OCEAN, OMG, SOL, VET, XMR, XRP, XTZ, AVAX, AAVE, DOGE, LTC, LUNA, MKR , NEAR, ONT, RUNE, SUSHI, LTC, XLM , COMP, ONT, THETA, FTM , EGLD , WAVES, ONE, HTN , CHZ , HOT, MANA, CRV , RVN, BAT, ANKR, 1INCH, ALICE, ATA , AXS , CHR , COTI, NKN , RAY, REN, SRM , SXP , TLM
ByBit Inverse Perpetual: BTCUSD , ETHUSD
ByBit Futures: AAVE, ADA, ALGO, AVAX, AXS , BNB, BTC , DOT, ETH, LINK, LTC, MATIC, SOL, SUSHI, UNI , XEM, XRP, XTZ
The chosen pairs are subject to change based on the best-performing assets we are constantly analyzing.
I hope this helps to understand the script, its purpose and ideas. I hope this satisfies the community rules - it was not my intention to break them - if there's anything on the above or the script that still violates the guidelines, please let me know and accept my apologies in advance.
If anyone would like to know more, let me know in the comment section.
Thank you!
[Fedra Algotrading Strategy]English / Spanish
Algotrading strategy optimized for cryptocurrencies. Originally conceived to trade automatically through bots (that's how I use it), it also works to get signals and trade manually in any exchange.
It works in spot. It does not repaint. Works in 15M, 30M, 1H and 4H (I prefer short periods).
Features:
Buy the dip:
Attempts to buy on the dip, finding entries when the price makes abrupt dips that break the linear regression of the last periods (default 40).
Trailing Take Profit:
Once the percentage established for the take profit is reached, the strategy follows the price if it is rising until it stops rising and only then makes the sale.
Trend Detection:
Determines whether the market is in an uptrend or downtrend by crossing 2 SMAs. This affects the performance of the strategy. This works as a filter to avoid making entries in a downtrend.
Trailing Break Even:
If the market enters a downtrend with an open trade, a Trailing Break Even is triggered, (configurable, default 1.5%). The intention is to close the trade as soon as possible, but without losses. The value of 1.5% is intended to cover commission costs and a possible spread. Like the Take Profit, the Trailing Break Even follows the price as it rises until it stops doing so before closing the trade.
How to use this strategy?
In the properties of the strategy you assign the amount you will trade (default 100), the percentage of the total capital you will use in each trade (default 100%) and the value of the commissions (default 1%).
Select the pair to trade. The strategy is optimized for trading pairs with stable coins. The strategy benefits from volatility so choosing among currencies with a market cap between 50M and 10,000M gives better profits than with top 10 currencies.
In the strategy options, disable the stoploss by setting it to 100% to be able to concentrate on the Take Profit.
With an eye on the "Net Profit" of the strategy, start with the take profit at 3% (for lower percentages there is the Break Even) and increase it 1 by 1 until determining which is the best for our pair (the one that gives us a better net profit).
Once the Take Profit is established, enable the StopLoss starting from 1 and choosing the best parameter looking for the balance that makes us feel comfortable between the Net Profit and the total of closed operations.
Test this same with candles of different periods (I trade with 15M and 30M candles).
Tip:
To trade automatically using a bot, I recommend using pairs in which the strategy has a profitability higher than 80%.
To counteract possible overfitting, when the strategy has given me a 30% profit, I recalculate the optimal parameters.
If you are interested in auromatizing it to trade on Binance, Binance US, AAX, Kucoin, Liquid, Okex, Bitfinex, Bittrex, Coinbase Pro, Gemini, HitBTC, Kraken or Poloniex, I recommend using Quadency bots, they are free and the ones I use.
This will eventually be a paid script, but you can request free access for now.
I am still working on optimizations, improvements, and more features.
DCA version coming soon.
I leave some optimizations of the spares I am trading at the moment (On 15M candles):
PAIR SL TP Bars Profit Profit Rentability
OM 3 4 96 70 2703.41% 88.57%
NU 4 3 96 81 1170.38% 86.42%
ONE 4 4 192 83 756% 91.57%
FTM 8 4 192 80 900.00% 92.50%
LUNA 3 8 192 78 410.98% 83.33%
OMG 6 4 192 72 408.75% 88.89%
FRONT 2 5 96 61 406% 85.25%
SOL 5 10 96 84 381.78% 83.33%
UTK 2 4 192 59 520.00% 88.06%
NMR 2 3 96 76 279% 80.26%
STPT 1 4 96 84 272.34% 79.76%
ROSE 5 4 96 59 478.00% 88.00%
clv 4 5 192 46 216% 78.26%
XTZ 4 6 96 87 216.00% 82.76%
C98 1 6 96 36 184.46% 80.56%
ALGO 7 4 192 61 222.00% 88.52%
ATOM 6 4 96 73 160.40% 86.30%
DOT 3 6 96 75 156.54% 84%
REEF 4 4 96 67 154.90% 85.07%
AUDIO 10 5 192 62 128.48% 83.87%
DYDX 1 10 96 20 120.76% 90%
DOT 4 6 96 77 111.33% 83.12%
KEEP 7 5 96 69 110% 87%
MINA 7 6 96 23 100.29% 86.96%
OPUL 1 5 96 18 95.26% 100%
HBAR 1 3 192 76 91.82% 81.58%
VRA/USDT 7 4 96 81 89.35% 81.48%
XEC 3 14 96 27 89.24% 85.19%
*****************************************************SPANISH*****************************************
Estrategia de Algotrading optimizada para criptomonedas. Originalmente concebida para operar de manera automática mediante bots (así la utilizo yo), funciona también para obtener señales y operar manualmente en cualquier exchange.
Funciona en spot. No repinta. Funciona en 15M, 30M, 1H y 4H (Yo prefiero periodos cortos)
Características:
Buy the dip:
Intenta comprar en el dip, encontrando entradas cuando el precio hace bajadas abruptas que rompen la regresión lineal de los últimos periodos (por defecto 40)
Trailing Take Profit:
Una vez alcanzado el porcentaje establecido para el take profit, la estrategia acompaña al precio si está en ascenso hasta que deja de subir y recién ahí realiza la venta.
Detección de Trend:
Determina si el mercado tiene una tendencia alcista o bajista mediante el cruce de 2 SMAs. Esto afecta el funcionamiento de la estrategia. Esto funciona como filtro para evitar realizar entradas en una tendencia bajista.
Trailing Break Even:
Si el mercado entra en tendencia bajista con una operación abierta, se activa un Trailing Break Even, (configurable, por defecto 1.5%). La intención es cerrar la operación lo antes posible, pero sin pérdidas. El valor de 1.5% está pensado para cubrir los costos de comisiones y un posible spread. Al igual que el Take Profit, El Trailing Break Even acompaña al precio mientras sube hasta que deja de hacerlo antes de cerrar la operación.
Cómo utilizar esta estrategia?
En las propiedades de la estrategia se le asigna el monto con el que va a operar (por defecto 100), el porcentaje del total de capital que utilizará en cada operación (por defecto 100%) y el valor de las comisiones (por defecto 1%)
Seleccionar el par a operar. La estrategia está optimizada para operar en pares con stablecoins. La estrategia se beneficia con la volatilidad por lo que elegir entre las monedas con un market cap de entre 50M y 10.000M da mejores beneficios que con monedas del top 10
En las opciones de la estrategia, deshabilitar el stoploss configurándolo en 100% para poder concentrarnos en el Take Profit.
Con un ojo en el “Beneficio Neto” de la estrategia, comenzar con el take profit en 3% (para porcentajes menores está el Break Even) e ir aumentándolo de 1 en 1 hasta determinar cuál es el mejor para nuestro par (el que nos proporciona un major beneficio neto).
Establecido el Take Profit, habilitar el StopLoss partiendo de 1 y eligiendo el mejor parámetro buscando el equilibrio que nos haga sentir cómodos entre el Beneficio Neto y el total de operaciones cerradas.
Probar esto mismo con velas de diferentes periodos (Yo opero con velas de 15M y 30M)
Consejo:
Para operar de manera automática mediante un bot, recomiendo utilizar pares en los que la estrategia tenga una rentabilidad superior al 80%
Para contrarestar posible overfiting, cuando la estrategia me ha dado un 30% de profit, vuelvo a calcular los parámetros óptimos.
Si te interesa auromatizarla para operar en Binance, Binance US, AAX, Kucoin, Liquid, Okex, Bitfinex, Bittrex, Coinbase Pro, Gemini, HitBTC, Kraken o Poloniex, recomiendo usar los bots de Quadency, son gratiutos y los que yo utilizo.
Este será eventualmente un script pago, pero puedes solicitar acceso gratuito por ahora.
Sigo trabajando en optimizaciones, mejoras, y más funciones.
Próximamente versión DCA.
Dejo algunas optimizaciones de lo spares que yo estoy operando en este momento (En velas de 15M contra BUSD):
PAR SL TP Bars Operaciones Profit Rentabilidad
OM 3 4 96 70 2703.41% 88.57%
NU 4 3 96 81 1170.38% 86.42%
ONE 4 4 192 83 756% 91.57%
FTM 8 4 192 80 900.00% 92.50%
LUNA 3 8 192 78 410.98% 83.33%
OMG 6 4 192 72 408.75% 88.89%
FRONT 2 5 96 61 406% 85.25%
SOL 5 10 96 84 381.78% 83.33%
UTK 2 4 192 59 520.00% 88.06%
NMR 2 3 96 76 279% 80.26%
STPT 1 4 96 84 272.34% 79.76%
ROSE 5 4 96 59 478.00% 88.00%
clv 4 5 192 46 216% 78.26%
XTZ 4 6 96 87 216.00% 82.76%
C98 1 6 96 36 184.46% 80.56%
ALGO 7 4 192 61 222.00% 88.52%
ATOM 6 4 96 73 160.40% 86.30%
DOT 3 6 96 75 156.54% 84%
REEF 4 4 96 67 154.90% 85.07%
AUDIO 10 5 192 62 128.48% 83.87%
DYDX 1 10 96 20 120.76% 90%
DOT 4 6 96 77 111.33% 83.12%
KEEP 7 5 96 69 110% 87%
MINA 7 6 96 23 100.29% 86.96%
OPUL 1 5 96 18 95.26% 100%
HBAR 1 3 192 76 91.82% 81.58%
VRA/USDT 7 4 96 81 89.35% 81.48%
XEC 3 14 96 27 89.24% 85.19%
ATR-Adjusted RSIThis indicator adjusts the RSI values using the Average True Range. It is used the same way as a normal RSI.
Forex Fractal EMA ScalperThis is a forex scalper designed for very short timeframes 1-5 min max.
At the same time due to the short timeframe, is recommend to re optimize it weekly .
Its components are
Fractals
Triple EMA with different lengths
Rules for entry:
For long : we have an up fractal and all 3 ema are in ascending order
For short: we have a down fractal and all 3 ema are in descending order.
Rules for exit
We exit when we either get a reverse order or when we hit the take profit or stop loss calculated in fixed pips.
Vertex EMA StrategyRecently found an article sharing an EMA strategy written by Vertex. I copied a majority of the Long conditions into code here with some visual aid.
Essentially, watch for a the 8 EMA to be greater than the 21 EMA, and all the EMA's to be spread apart. Then get your trigger bar from a retracement from the 8 bar EMA. Stop on the lowest low of the past 5 bars, or on EMA 8 crossunder EMA 21.
This is intended to only be used on a 1h chart.
This was made for a friend.
Disclaimer : Please do your own research before making any decisions financially. I am not your financial advisor.
Six Factors Ichimoku 1.0This strategy has the purpose to help dummies to get experienced when trade with Crypocurrencies, using the Ichimoku indicator
The following script shows an strategy based on Ichimoku indicator. Taking into account the theoretical concepts of the Ichimoku Kinko Hyo, are defined six (6) factors to open position and two (2) factors to close it. According to the author of the book, in which is based the script, it is stablished that the proper combination of the six factors when the timeframe is set in 1D and the assest Cryptocurrencies (not applicable to stable Coins), has demonstrated in the Backtesting good results.
Althoug is not the purpose, the Ichimoku indicator is composed by six components (Tenkan Line, Kijun Line, Senkou Span A, Senkou Span B and Kumo Cloud) and the relative position of the current price of the assest compared with ichimoku components define these factor.
Factors to open position
Factor one. The current price is over the Ichimoku Cloud
Factor two. When Senkou Span A is greater thant Senkou Span B, proyected 22 periods forward.
Factor three. Senkou Span A, has a positive slope, during the previous periods.
Factor four.The Tenkan Line (quick line) is above the Kijun Line (slow line) during the previous periods.
Factor five. The Chikou Span Line is above the Kumo
Factor six. The slope of the sma (200) is positive.
The long entry is recomended when the following expresion is matched
F1 and F2 and F4 and F5 and (F3 or F6)
Factors to close position
Factor one. Tenkan line has a downward trajectory for previous periods. If the price change during this periods the counter reset and start again trying to prevent exit from quick variations.
Factor two. Current price is below Kijun line
The time to close position is recommended when the following expresión occurs
F1 and F2
Some of the features of the script are the following:
Initial amount of investment stablished on 100€, but can be modified by the user.
User can easily modified the period for backtesting purposes.
"Show factors" give the user and easy interface to know the current status of the strategy`s factors. The factors appears color red (false) and color green (true)
It is possible to cancel Factor F5, which is interesting after the assests has dumped strongly. The color black means that F5 is canceled.
Change the output criteria by F1 or F2 (not recommended) but available for learning purposes.
Auxiliary lines that help to idenfify strong resistances that could compromise the strategy
Enjoy it !!!
Miguel A. Calatayud
hamster-bot ZZCompilation of various modifications of the trend breakout reversal strategies based on the ZigZag .
Includes past versions of scripts:
version 1 ZZ2 Breakout reversal strategy
version 2 ZZ2 with experimental options hamster-bot ZZ Breakout reversal strategy
version 3 ZZ6 Noro's ZZ-6 by hamster-bot The original script is available here
The original script is available here
Description ZZ6 :
New version of ZZ-strategy.
Repaint?
Normal lines are not redrawn. Dotted lines repaint, but do not affect trading (do not affect backtests). You can turn off repaint in the script settings. Repaint (dotted lines) are needed only for clarity. To make it clear from which bar the level is created.
Levels
Lime lines above - level from a local high bar. To open a long position. Using a market stop order.
Red line at the bottom - the level from a local low bar. To open a short position. Using a market stop order.
Trading
You can trade without short positions. Then the red line is the level for a stop-loss order.
Reverse trading can be used. Without stop-loss orders.
Risk size
Order size depends on the risk size parameter and possible loss. If risk size = 2%, it means that the loss will be no more than 2%.
For crypto
Symbols: XBT/USD, BTC /USD, BTC /USDT, ETH/USD, etc - need USD(T)
Timeframes: 1h, 4h, 1d
This new ZZ strategy includes all the best practices for this strategy. the script has great flexibility of settings.
Instructions for script parameters:
Parameter ZZ Type - is responsible for the basic type of strategy used (usually it is responsible for building levels)
then you will need to configure the settings block corresponding to the selected ZZ type .
At the moment the script contains types: ZZ2 + ZZ6
The rest of the parameters are common for any type of ZZ.
Further development will be done in this script. The above scripts will not be updated.
At the moment the options are already available:
- Take Profit
- Stop Loss
- One entry Long/Short
- Single entry
- Levels offset
- Levels multiplier
- Levels angle
MFI Simple StrategyHere I've made a simple strategy based off a simple moving average of an MFI length.
Back tested on a BYBIT:BTCUSDT 30m chart.
Conditions:
---When the price is above the golden SMA of 200 bars---
- Buy: when MFI is moving up
- Sell: when MFI is moving down
- Stop: golden SMA of 200 bars
If you would like alerts:
1.) Add the strategy to your chart,
2.) Go to "Create Alert",
3.) Select "MFI Simple Strategy" in your alert creator,
4.) Select whatever notifications settings or message settings,
5.) Finally, click "Create" and you're good to go.
Disclaimer: Please do your own research before making any decisions financially. Past results do not guarantee future results.
Cumulative RSI StrategyI suppose nothing drives a point home like a 10+ year backtest! A couple of weeks ago I published a custom indicator called the Cumulative RSI. This indicator was straight out of chapter 9 of "Short Term Trading Strategies That Work." Today I am publishing a basic sample strategy in that uses the Cumulative RSI as its only entry and exit signals on a Nasdaq 100 leveraged index ETF (TQQQ). In this example, the indicator is being used as a longer term strategy with just 10% leverage over the account equity and a $25k start balance.
If I had it 10 years ago I would probably be retired! I'm sharing because I've found that it can provide an edge when determining exit/take profit points for trades. Many traders wait for a price reversal / trailing-stop to exit a trade when it starts losing. I've found that, using tools like the Cumulative RSI, you can achieve better exit points over the long term. Disclaimer: Even though this example significantly beats buy and hold, I wouldn't advise using it as a stand-alone strategy without significant additions/modifications to strategy and risk management functions.
