Ichi-Burnes Strategy v1
Custom made for Ichi-Burnes,
in this first iteration the strategy incorporates TK-Cross, Momentum and Fractals, as well as Take Profit, Stop-Loss and Trailing Stop (all exits are %-based).
//To opt NOT to use take profit or stop loss or trailstop just set the corresponding % to 0
//Minimal Tick is used for calculating the exits via Take Profit/Stop Loss/Trailing Stop, it is the smallest possible value of a price change
//(e.g. on BitFinex for LTCUSD Minimal Tick = 0.001, for BTCUSD it's = 0.1)
//Beware of TradingView's way of calculating Trailing Stop Loss that always assumes the price inside the candle always moved in the direction that favors the trade of the user in the backtest
//More here: backtest-rookies.com...cs-beware-version-3/
in this first iteration the strategy incorporates TK-Cross, Momentum and Fractals, as well as Take Profit, Stop-Loss and Trailing Stop (all exits are %-based).
//To opt NOT to use take profit or stop loss or trailstop just set the corresponding % to 0
//Minimal Tick is used for calculating the exits via Take Profit/Stop Loss/Trailing Stop, it is the smallest possible value of a price change
//(e.g. on BitFinex for LTCUSD Minimal Tick = 0.001, for BTCUSD it's = 0.1)
//Beware of TradingView's way of calculating Trailing Stop Loss that always assumes the price inside the candle always moved in the direction that favors the trade of the user in the backtest
//More here: backtest-rookies.com...cs-beware-version-3/