Reddington Privat Club Final Edition 8.0

Introduction

Reddington Privat Club Final Edition is an advanced trading strategy designed to identify high-probability entries based on institutional levels, order blocks, and reversal patterns. The strategy combines multi-timeframe analysis (4H, 1D, 1W) with dynamic risk management to help traders capture trending moves with minimal risk. It is optimized for volatile markets like cryptocurrencies (e.g., ETH/USD on 15m timeframe) but can be adapted for forex or stocks.

The strategy automatically detects bullish and bearish order blocks on 4H, filters signals through breakouts, outside bars, and climax candles, and applies strict risk management with partial position closure. This is not a “holy grail,” but a tool for disciplined trading—always backtest on historical data before use!

Key Features

Order Block Detection: Automatic identification of institutional blocks on 4H with visual boxes (green for bullish, red for bearish). Blocks update and “mitigate” upon breach.
Entry Signals:
Long: Bullish trend + breakout/up/outside up/climax sell (no fakeout) + proximity to bullish block/mitigated + institutional level.
Short: Bearish trend + breakout/down/outside down/climax buy (no fakeout) + proximity to bearish block/mitigated + institutional level.
Risk Management:
SL: Dynamic based on ATR (14) * factor (default 1.0).
TP: Simplified—full position closes at HalfTP level (distance = 2 * SL distance, RR 1:2).
Position Size: 2% of equity with leverage (default 10x).
Visualization:
Background: Green for bullish trend, red for bearish.
Lines: Institutional levels, pivot (P, R1, S1), equal highs/lows, weekly high/low, Fibonacci (0.382/0.5/0.618 on 4H), mitigated blocks.
Labels: Signals (triangles), levels (Entry, SL, TP) on chart.
Boxes: Order blocks with color indication.
Additional: Trend continuation arrows, warnings for trend change at Fib 0.618.
The strategy uses request.security for multi-timeframe, arrays for blocks, and alerts for notifications.

Parameters (Inputs)

Risk Percent (2%): Percentage of equity per trade (0.1–10%).
Risk/Reward Ratio (4): Not used in current version (kept for compatibility; TP fixed at RR 1:2).
Leverage (10): Leverage for position sizing (1–100).
ATR Factor for SL (1.0): ATR multiplier for SL (0.5–3, step 0.1).
Bull Block Color: Bullish block color (default semi-transparent green).
Bear Block Color: Bearish block color (default semi-transparent red).
Line Width (1): Line thickness (1–5).
How to Use

Installation: Add the script to your chart (recommended TF: 15m for entries, with 4H/1D for context).
Settings: Set Risk Percent and Leverage to match your account. Test ATR Factor on historical data (backtest in Strategy Tester).
Signals:
Green triangle below bar — Long signal (buy).
Red triangle above bar — Short signal (sell).
Wait for confirmation: Signal + level labels (Entry/SL/TP).
Management:
Enter on the open of the next bar after signal.
Monitor SL/TP—the strategy auto-closes the position.
Avoid trading in flat (use trend background).
Backtesting: Test in Strategy Tester over 1–2 years. Account for commissions/spread (set in tester).
Alerts: Enable notifications for Long/Short Entry, SL/TP.
Recommendations:

Risk no more than 2% per trade.
Combine with manual analysis (e.g., news).
Demo test before live trading.
Important Disclaimer

This script is provided for educational and informational purposes only. It does not constitute financial advice or a recommendation to trade. Trading financial instruments involves a high risk of loss of capital, and past performance does not guarantee future profits. The author is not liable for any losses resulting from the use of this script. Before using, thoroughly backtest on historical data and consult a qualified financial advisor. TradingView and the author make no warranties as to the accuracy or functionality of the script. Use at your own risk.

If you have questions or suggestions for improvements, leave a comment! Happy trading! 📈