[Sniper] SuperTrend + SSL Hybrid + QQE MODHi. I’m DuDu95.
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This is the script for the series called "Sniper".
*** What is "Sniper" Series? ***
"Sniper" series is the project that I’m going to start.
In "Sniper" Series, I’m going to "snipe and shoot" the youtuber’s strategy: to find out whether the youtuber’s video about strategy is "true or false".
Specifically, I’m going to do the things below.
1. Implement "Youtuber’s strategy" into pinescript code.
2. Then I will "backtest" and prove whether "the strategy really works" in the specific ticker (e.g. BTCUSDT) for the specific timeframe (e.g. 5m).
3. Based on the backtest result, I will rate and judge whether the youtube video is "true" or "false", and then rate the validity, reliability, robustness, of the strategy. (like a lie detector)
*** What is the purpose of this series? ***
1. To notify whether the strategy really works for the people who watched the youtube video.
2. To find and build my own scalping / day trading strategy that really works.
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*** Strategy Description ***
This strategy is from " QQE MOD + supertrend + ssl hybrid" by korean youtuber "코인투데이".
"코인투데이" claimed that this strategy will make you a lot of money in any crypto ticker in 15 minute timeframe.
### Entry Logic
1. Long Entry Logic
- Super Trend Short -> Long
- close > SSL Hybrid baseline upper k
- QQE MOD should be blue
2. Short Entry Logic
- Super Trend Long -> Short
- close < SSL Hybrid baseline lower k
- QQE MOD should be red
### Exit Logic
1. Long Exit Logic
- Super Trend Long -> Short
2. Short Entry Logic
- Super Trend Short -> Long
### StopLoss
1. Can Choose Stop Loss Type: Percent, ATR, Previous Low / High.
2. Can Chosse inputs of each Stop Loss Type.
### Take Profit
1. Can set Risk Reward Ratio for Take Profit.
- To simplify backtest, I erased all other options except RR Ratio.
- You can add Take Profit Logic by adding options in the code.
2. Can set Take Profit Quantity.
### Risk Manangement
1. Can choose whether to use Risk Manangement Logic.
- This controls the Quantity of the Entry.
- e.g. If you want to take 3% risk per trade and stop loss price is 6% below the long entry price,
then 50% of your equity will be used for trade.
2. Can choose How much risk you would take per trade.
### Plot
1. Added Labels to check the data of entry / exit positions.
2. Changed and Added color different from the original one. (green: #02732A, red: #D92332, yellow: #F2E313)
3. SuperTrend and SSL Hybrid Baseline is by default drawn on the chart.
4. If you check EMA filter, EMA would be drawn on the chart.
5. Should add QQE MOD indicator manually if you want to see QQE MOD.
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*** Rating: True or False?
### Rating:
→ 3.5 / 5 (0 = Trash, 1 = Bad, 2 = Not Good, 3 = Good, 4 = Great, 5 = Excellent)
### True or False?
→ True but not a 'perfect true'.
→ It did made a small profit on 15 minute timeframe. But it made a profit so it's true.
→ It worked well in longer timeframe. I think super trend works well so I will work on this further.
### Better Option?
→ Use this for Day trading or Swing Trading, not for Scalping. (Bigger Timeframe)
→ Although the result was not good at 15 minute timeframe, it was quite profitable in 1h, 2h, 4h, 8h, 1d timeframe.
→ Crypto like BTC, ETH was ok.
→ The result was better when I use EMA filter.
### Robust?
→ Yes. Although result was super bad in 5m timeframe, backtest result was "consistently" profitable on longer timeframe (when timeframe was bigger than 15m, it was profitable).
→ Also, MDD was good under risk management option on.
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*** Conclusion?
→ I recommend you not to use this on short timeframe as the youtuber first mentioned.
→ In my opinion, I can use on longer timeframe like 2h or bigger with EMA filter, stoploss and risk management.
Análise de Tendência
Trend Follower Intraday [ Adjustable TF ]Trend Follower Intraday for 3 minute Time-Frame (Adjustable) , that has the time condition for Indian Markets as well.
Unlike the Free Scripts - Risk Management , Position Sizing , Partial Exit etc. are also included .
Send us a Message to know more about the strategy.
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The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more.
The commission is also included in the strategy .
The basic idea is when ,
1) EMA1 crosses above EMA2 , is a Long condition .
2) EMA1 crosses below EMA2 , is a Short condition .
3) Green Section indicates Long position.
4) Red Section indicates Short position.
5) Allowed hours specifies the trade entry timing.
6) ATR STOP is the stop-loss value on chart , can be adjusted in INPUTS.
7) Target 1 is the 1st target value on chart , can be adjusted in INPUTS.
8) RISK is Maximum Risk per trade for the intraday trade can be changed .
9) Total Capital used can be adjusted under INPUTS.
10) ATR TRAIL is used for trailing after entry, as mentioned in the inputs below.
11) Check trades under the list of trades .
12) Trade only in liquid stocks .
13) Risk only 1-5% of total capital.
14) Inputs can be changed for better back-test results, but also manually check the trades before setting alerts
15) SQUARE OFF TIME - As you change the time frame , also change the square-off time to the candle's closing time.
Eg: For 3min Time-frame , Hour = 2Hrs | Minute = 57min
16) Strategy stops for the day if you have a loss .
17) COMMISSION value is set to 20Rs and SLIPPAGE value is set to 2 . Go to properties to change it .
*The input values and the results are mentioned under "BACKTEST RESULTS" below*
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// ————————> RISK MANAGEMENT <——————— //
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Risk management is done based on max loss per trade and can be adjusted in the INPUTS.
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// ————————> POSITION SIZE <——————— //
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Quantity of each trade is different based on the loss
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// ————————> PROPERTIES <——————— //
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COMMISSION , SLIPPAGE ,RECALCULATE is already mentioned in the code.
COMMISSION can be charges , based on the broker charges.
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// ————————> TIME CONDITION <————————— //
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The time can be changed in the INPUT.
The Indian Markets open at 9:15am and closes at 3:30pm.
The 'Allowed hours' under Inputs specifies the time at which Entries should happen .
"Close All" function closes all the trades before 3pm , at the open of the next candle.
To change the time to close all trades , check INPUT.
All open trades get closed by 3pm , because some brokers don't allow you to place fresh intraday orders after 3pm .
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// ————————> BACKTEST RESULTS ( 123 CLOSED TRADES ) <————————— //
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INPUTS can be changed for better Back-Test results.
The strategy applied to NSE:JSWENERGY (3 min Time-Frame and with a capital of 3,00,000 ) gives us 81% profitability , as shown below
It was tested for a period a 6 months with a Profit Factor of 1.957 ,net Profit of 43,000Rs .
Sharpe Ratio = 0.745
Sortino Ratio = 2.091
No strategy in the world promises 100% profits in all market conditions , so always define your risk before trading.
Also check Back-Test results manually ,before setting Alerts
The Graph has a Linear Curve with Consistent Profits.
The INPUTS are as follows,
1) EMA1 ————————————————> 38
2) EMA2 ————————————————> 118
3) ALLOWED HRS ———————————> 9:35 TO 14:30
4) ATR STOP ——————————————> 3.2
5) RISK ——————————————————> 3000
6) ATR TRAIL ———————————————> 2.6
7) TARGET 1 ————————————————> 2.4
8) MAX POSITION VALUE ——————————> 3,00,000
8) MAX DRAWDOWN —————————————> 9,000
8) SQUARE-OFF ————————————————> 14:57
NSE:JSWENERGY
Apply it to your charts Now !
NSE:JSWENERGY
Send us a message for FREE TRIALS | Instant Access
Thank You ☺
WilliamTrendFollower StrategyThis strategy is based on signals from the WilliamTrendFollower indicator.
You can optimize the parameters of this strategy as you wish. I hope you get the most accurate result.
About WilliamTrendFollower:
With this indicator, we try to catch the trends in price. With continued use of this indicator, we expect it to eventually escape horizontal positions and catch up with continuous trends.
Combined with the WilliamsR indicator and the exponential moving average indicator.
The WilliamsR Fisher Transforms are combined with the ATR indicator to create a line that lags behind the moving average value.
Since it is a tracking indicator, we created a line that is more connected to the price and itself.
In this way, a curve close to the price line is obtained in uptrends and downtrends.
In this indicator, if you choose the parameters correctly, you can easily bypass the horizontal positions. This gives you a safe visualization of support and resistance points as well.
From the settings of these indicators, you can set the multiplier and the exponential moving average period.
It works in all time intervals.
But it was calculated without volume , instead it was created using fisher transforms, moving averages, and the average true range .
Catching the Bottom (by Coinrule)This script utilises the RSI and EMA indicators to enter and close the trade.
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition.
An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average simple moving average (SMA), which applies an equal weight to all observations in the period.
The strategy enters and exits the trade based on the following conditions.
ENTRY
RSI has a decrease of 3.
RSI <40.
EMA100 has crossed above the EMA50.
EXIT
RSI is greater than 65.
EMA9 has crossed above EMA50.
This strategy is back tested from 1 April 2022 to simulate how the strategy would work in a bear market and provides good returns.
Pairs that produce very strong results include ETH on the 5m timeframe, BNB on 5m timeframe, XRP on the 45m timeframe, MATIC on the 30m timeframe and MATIC on the 2H timeframe.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
Trailing Stop SnippetThis is an example snippet that should allow for adding a trailing stop and trailing stop activation to almost any script.
You can use it by setting a trailing stop alone. This will provide you standard trailing stop functionality allowing you to lock in profits and increase your stop-loss as the price moves in your direction.
You can also set the trailing stop activation to trigger the original trailing stop at a certain level. "Once price rises 5%, set a trailing stop at break even". This would be set as 5 and 5 in the settings.
[D] Dudu 95 Strategy Template ver.1.1.Hello Guys! Nice to meet you all!
This is my Second script after changing My Profile Name!
I updated my strategy template before - I added some filter conditions (EMA, ADX, DMI).
If there's something to update, I will update this script!
Thank you!
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I made this based on the open source strategies by jason5480, kevinmck100, myncrypto.
Thank you All!
### Filter
1. Can Choose whether to use filter.
2. Filters Based on ATR, EMA, ADX, and DMI are ready to use.
### StopLoss
1. Can Choose Stop Loss Type: Percent, ATR, Previous Low / High.
2. Can Chosse inputs of each Stop Loss Type.
### Take Profit
1. Can set Risk Reward Ratio for Take Profit.
- To simplify backtest, I erased all other options except RR Ratio.
- You can add Take Profit Logic by adding options in the code.
2. Can set Take Profit Quantity.
### Risk Manangement
1. Can choose whether to use Risk Manangement Logic.
- This controls the Quantity of the Entry.
- e.g. If you want to take 3% risk per trade and stop loss price is 6% below the long entry price,
then 50% of your equity will be used for trade.
2. Can choose How much risk you would take per trade.
### Plot
1. Added Labels to check the data of entry / exit positions.
2. Changed and Added color different from the original one. (green: #02732A, red: #D92332, yellow: #F2E313)
Strategy Myth-Busting #10 - InsideBar+EMA - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our 10th one we are automating is the " 75% Win Rate High Profit Inside Bar Trading Strategy - What If You ... " strategy from " Trade Pro " who claims to have backtested this manually and achieved 11,063% profit with a 75% winrate over 100 trades. I was unable to emulate these results consistently accommodating for slippage and commission but even so, the results look promising. I was only able to achieve this win-rate with some multiple take profit staggering. Even so the markdown is above where I would normally consider comfortable (>20%).
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
This strategy uses a combination of 2 open-source public indicators:
Inside Bar Ind/Alert by CMA
EMA (built-in)
Trading Rules
4 hour candles
Stop Loss at EMA Line with TP Target 1.5x the risk
Long Entry when these conditions are true
inside bar and bullish
Bar close's above 50 ema
Price action rises above high of inside bar .
Short Entry when these conditions are true
inside bar and bearish
Bar close below 50 ema
Price action falls below low of inside bar
[XRP][1h] Chanu Delta inspired — Breakeven StrategyHello, this is my first TV contribution. I usually don't publish anything but the script is a quick review of an other contributor (Chanu Delta V3 script )
I reverse engineered this indicator today as I wanted to test it on other contracts. The original version (which aims to be traded on BTC) has been ported to XRP (as btc and xrp prices are narrowly correlated) then modified with a couple of what I believe are improvements:
- No backtest bias even with `security` function.
- Extra backtest bias validation, always trading on next bar as Crossover/under bias is confirmed
- Backtest with 2 ajustable TP, ajustable equity and breakeven option
- The current version is not design to use pyramiding as it would require extra logic to monitor the lifecycle of the position in the context of a study.
- Commented alerts examples with variables available in script scope so you can use them in alerts (just replace strategy with indicator and remove backtest related code block).
- Trade filling assumption set to 10, fees to 0.02 as the are default bybit maker fees and I advice to enter with trailing orders using a max of 2 ticks as offset to lower fees rather than a market order!
- Backtest and Alerts happen on barclose.
- No repaint guaranteed.
There are a thousand ways to improve it (adx/bb based dynamic TP/SL, order lifecycle, pyramiding...) but it seems to be a cool starting point.
Don't forget to have fun!
Trend Hunter v4This strategy follows the Trend Hunter training strategy taught at InvestIshare.
Entries are made based predominantly on the price action being above/below the Ichimoku Cloud with the ATR based super trend being used as a trailing stop loss.
Additional trend tracking tools can be toggled on / off to improve the wind rate on some time frames, with additional options available to limit entries if certain conditions are met.
If you would like access to this indicator, send me a DM on the Investishare Discord in the Trend Hunters channel.
The default parameters are set for BTC on the 2 HR time frame
Ultimate Moving Average Strategy CreatorHave you ever wanted to create your OWN strategy, but don't have coding experience? Well now you can.
With simple settings, but millions of potential strategies and combinations, this indicator / strategy lets YOU make ALL the rules.
Start by choosing up to 4 moving averages from all the various types - Simple, Exponential, Hull, Volume-Weighted, etc. Choose the period and choose price source.
Now the fun part.
You select your values to compare and how to compare them. Want to test if the Fast Moving Average crosses over the Slow Moving Average? No problem. Want to add an additional test to check the closing price is greater than the Fast Moving Average? Done.
With additonal options to set take profit % and stop loss %, as well as a date range and the option for 'Long Only' positions, you can instantly see the results of any strategy in the strategy tester, then simply make an adjustment and refine the criteria without having to know or understand any of the complex coding and scripting.
I have tried many popular moving average strategies, but irrespective of the results, the thing that stood out to me was how inflexible they were. If it was designed to test a triple crossover, that's all it could do. With this indicator, literally anything is possible and modifying the parameters couldn't be easier.
Ichimoku Breakout Kumo SWING TRADER (By Insert Cheese)A simple strategy for long spot or long futures (swing traders) based on a basic method of Ichimoku Kinko Hyo strategies.
The strategy is simple:
- Buy when the price breaks the cloud
- Close the trade when the price closes again inside the cloud.
The parameters that work best on this strategy are 10,30,60,30 and 1 for Senkou-Span A
but you can try classic Ichimoku parameters (9,26,52,26,26) or whatever you want like (7,22,44,22,22), (10,30,60,30,30) and others.
-1D chart
I have removed everything from the interface except the cloud to make it visually more aesthetic :D (but if you want to see all the ichimoku indicator you can put in again into the chart)
I have also added several functions for you to do your own backtesting:
- Date range
- TP AND SL method
- Includes long or short trades
The strategy starts with 500 $ and use 100% for trade to make the power of the compounding :P
Remember that this is for only educational porpouse and you must to do your own research and backtested on your usually market..
I hope you like it enjoy and support this indicator :)
Donate (BEP20) 0xC118f1ffB3ac40875C13B3823C182eA2Af344c6d
LarryWillians - Simple StrategyA simple and classic strategy on market, created by LarryWillians using a EMA9.
The brute model use a Cross from closing price on EMA9. But occurs many false entries.
In other to correct this kind of thing, I add a SMA21 to confirm the trend and decrease numbers of false trades.
The strategy waits to break the last High (for buy) a position.
As a strategy requires a Risk Mannager, I created a simple way to trailing this, as well a Take Proft and Stop Loss in %.
Is not the best strategy but, is one of the most famous on financial markets. I did my adaptive version as simples as it is :)
Strategy Myth-Busting #8 - TrendSurfers+TrendOsc - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our 8th one is an automated version of the " 653% Gain Magical 1 Minute Scalping Strategy Tested 100 Times | Become Consistently Huge Profit " strategy from " Fxaccurate US " who claims to have achieved 653% profit scalping GOLD on the 5 minute timeframe. As you can see from the backtest results below, I was unable to substantiate anything close to that that claim on any timeframe or symbol. Myth 10000% busted.
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
This strategy uses a combination of 2 open-source public indicators:
Trend Surfers - Premium Breakout + Alerts by TrendSurfersSignals
Mawreez' Trend Oscillator Indicator by Mawreez
Trading Rules:
1 min - 15 min candles
Stop loss middle between high and low Risk 1:2
Long Condition
Trend Surfers Trailing stop line goes below (Crosses) lowest low
Bullish Candle (red)
Mawreeze Trend Oscilator Indicator is green
Short Condition
Trend Surfers Trailing stop line goes above (Crosses) highest high
Bearish Candle (red)
Mawreeze Trend Oscilator Indicator is red
Capitaliz – OmegaOne of the biggest enemies of the trader is himself.
Automation prevents you from losing opportunities while you're not in front of your computer.
It is also useful to prevent your emotions from taking over in your trading strategy.
We built this strategy to share our best coding knowledge with an automated trading strategy and our best combination of indicators to automate your trading.
“Capitaliz - Omega” is the best strategy available on the market.
It’s built with a combination of MACD / RSI / TREND / FLAT MARKET filters to offer the best breakout and pullback entries.
Integrated risk management, relevant signals, updated periodically, trend direction and flat market filters to avoid bad entry.
Our main goal is to provide a high quality strategy over time with a constant win rate.
Thank you for your time and support.
We hope to have you onboard.
The Capitaliz Team.
Volatility Stop with Vwap StrategyFirst the credits goes to @TradingView for their release of the volatility stop mtf indicator.
I have took it, and inside I have added a weekly vwap for a better trend direction and at the same time I have added a dynamic risk managment which is calculated from the distance between the volatility line to the close of the candle.
The rules for entry are simple:
For long:We enter when our close of the candle is above the volatility stop line and at the same time the close of the candle is above weekly vwap
For short we enter when our close of the candle is below the volatility stop line and at the same time the close of the candle is below weekly vwap.
We exit when we either have a reverse signal than the one we enterred, or based on the TP/SL which is calculated with the distance from vwap to the close of the candle.
If you have any questions please let me know !
The Gral : Alpha Scalping Demo (Algo) You want to make money. This bot will allow you to do it.
We know how it can be challenging, frustrating, struggling to make money especially in bear market. Save your energy, your emotions, your nerves! Alpha Scalping will allow you to sleep better and make money while you sleep!
We tested hundreds of indicators, strategies, mt4 ea and bots since 2010, today we will start to release a series of successful bots and automatic strategies for you, some of them will be free, some of them will be paid (monthly subscriptions)
We will alsoindicate how to connect the Alpha Scalping to your Binance or FTX account so you can trade automatically.
Enjoy, subscribe and stay tuned!
NB : This bot is a demo only, it will work only on ALGOUSDTPERP
Bot for ATOMUSDTPERP :
Supertrend - Long & Short -Sachin Ughadethis indicator for super trend strategy with buy and sell signals
Balance of Power Heikin Ashi Investing Strategy Balance of Power Heikin Ashi Investing Strategy
This is a swing strategy designed for investment help.
Its made around the Balace of Power indicator, but has been adapted on using the Monthly Heikin Ashi candle from the SPY asset in order to be used with correlation for US Stock/ETF/Index Markets.
The BOP acts as an oscilallator showing the power of a bull trend when its positive and a bearish trend when its in negative. At the same time we can spot reversals, based on the percentiles ( 99/1)
The rules for entry :
For long : The 99 percentile is ascending, and we are either in a positive value (>0), or we crossed the bottom place ( -0.35)
For short : the 99 and 1 percentile are descending, and we are either in a negative value(<0), or we crossed down the top place ( 0.6)
If you have any questions please let me know !
MARKET BOSS FOR ALLTHIS STRATEGY USE FOR ANY TYPE OF MARKET INDIAN,COMMODITY,FOREX ,CRYPTO...This strategy used to determine and anticipate potential changes in market price and reversals. The Highs referred to in the title are created based on the number of bars that exhibit lower highs on either side of a High, whereas the Lows are created based on the number of bars that exhibit higher lows on either side Low.it also analyzing price changes and reversals, a trader has more of an ability to determine and predict price patterns and general price trends...
The backtest results are based on BANKNIFTY last year's data. It has an initial capital of 10000 and the size of the lot is 1. The commission paid is 50 RS cash per trade and the slippage is 5 ticks per trade. Some of the Indian broker's commission is only 10 cash per trade. Adjust the commission as per your broker. Trades are conducted based on the intraday time in India set from 9.20 am to 3:20 pm. All positions will get square off at 3.20 pm. All other parameters are suitable for Robo trading with Indian stock brokers.
Also added Quantity feature it automatically double the quantity on losing trade
reasons why to use strategy
1) human psychology never focus on one thing... We never follow one strategy for long time... Bcs we hve greed... If some one says indicator give u 95% than we chnge our strategy which on we r working but indicator didn't give u back testing... Our strategy gives back testing... On 5 min chart of banknifty future... Tv on premium membership give one year back testing... And on crypto it gives 2month backtesing on 5min chart
2) we hve sufficient back testing trades... On 1year back testing minimum 700 trade should be done for back testing bcs thn we know how our strategy work on all market conditions.... For crypto in 2 month back testing more thn 300 trade needed to know it's performance... Our strategy produce suffiend trades... So we know how it works on all market conditions
3) we provide banknifty strategy for intraday... So it's open trade after 9 20 and close all position on 15: 20...so it's backtesing is sure shot perfect
4) for banknifty option strategy... We have made it to book profit or loss in 5 to 15 min... So no time factor effect... So vry profitable for option buyers
5) for banknifty option we had made it fully auto it's automatically buy at auto strike price.. So no tension to select strike price
6) u can also choose weekly or monthly expirey
7) we hve provided table for monthly proprofits... So we know how it's work on every month
8) last but not least...key of 🔑Sucess in stock market and crypto is following the right path for long time... With non biased strategy with positive backtesting result... And all the best
Coral Trend Pullback Strategy (TradeIQ)Description:
Strategy is taken from the TradeIQ YouTube video called "I Finally Found 80% Win Rate Trading Strategy For Crypto".
Check out the full video for further details/clarification on strategy entry/exit conditions.
The default settings are exactly as TradeIQ described in his video.
However I found some better results by some tweaking settings, increasing R:R ratio and by turning off confirmation indicators.
This would suggest that perhaps the current confirmation indicators are not the best options. I'm happy to try add some other optional confirmation indicators if they look to be more effective.
Recommended timeframe: 1H
Strategy incorporates the following features:
Risk management:
Configurable X% loss per stop loss
Configurable R:R ratio
Trade entry:
Based on strategy conditions below
Trade exit:
Based on strategy conditions below
Backtesting:
Configurable backtesting range by date
Trade drawings:
Each entry condition indicator can be turned on and off
TP/SL boxes drawn for all trades. Can be turned on and off
Trade exit information labels. Can be turned on and off
NOTE: Trade drawings will only be applicable when using overlay strategies
Alerting:
Alerts on LONG and SHORT trade entries
Debugging:
Includes section with useful debugging techniques
Strategy conditions
Trade entry:
LONG
C1: Coral Trend is bullish
C2: At least 1 candle where low is above Coral Trend since last cross above Coral Trend
C3: Pullback happens and price closes below Coral Trend
C4: Coral Trend colour remains bullish for duration of pullback
C5: After valid pullback, price then closes above Coral Trend
C6: Optional confirmation indicators (choose either C6.1 or C6.2 or NONE):
C6.1: ADX and DI (Single indicator)
C6.1.1: Green line is above red line
C6.1.2: Blue line > 20
C6.1.3: Blue trending up over last 1 candle
C6.2: Absolute Strengeh Histogram + HawkEye Volume Indicator (Two indicators combined)
C6.2.1: Absolute Strengeh Histogram colour is blue
C6.2.2: HawkEye Volume Indicator colour is green
SHORT
C1: Coral Trend is bearish
C2: At least 1 candle where high is below Coral Trend since last cross below Coral Trend
C3: Pullback happens and price closes above Coral Trend
C4: Coral Trend colour remains bearish for duration of pullback
C5: After valid pullback, price then closes below Coral Trend
C6: Optional confirmation indicators (choose either C6.1 or C6.2 or NONE):
C6.1: ADX and DI (Single indicator)
C6.1.1: Red line is above green line
C6.1.2: Blue line > 20
C6.1.3: Blue trending up over last 1 candle
C6.2: Absolute Strengeh Histogram + HawkEye Volume Indicator (Two indicators combined)
C6.2.1: Absolute Strengeh Histogram colour is red
C6.2.2: HawkEye Volume Indicator colour is red
NOTE: All the optional confirmation indicators cannot be overlayed with Coral Trend so feel free to add each separately to the chart for visual purposes
Trade exit:
Stop Loss: Calculated by recent swing low over previous X candles (configurable with "Local High/Low Lookback")
Take Profit: Calculated from R:R multiplier * Stop Loss size
Credits
Strategy origin: TradeIQ's YouTube video called "I Finally Found 80% Win Rate Trading Strategy For Crypto"
It combines the following indicators for trade entry conditions:
Coral Trend Indicator by @LazyBear (Main indicator)
Absolute Strength Histogram | jh by @jiehonglim (Optional confirmation indicator)
Indicator: HawkEye Volume Indicator by @LazyBear (Optional confirmation indicator)
ADX and DI by @BeikabuOyaji (Optional confirmation indicator)
SUPPORT RESISTANCE STRATEGY [5MIN TF]A SUPPORT RESISTANCE BREAKOUT STRATEGY for 5 minute Time-Frame , that has the time condition for Indian Markets
The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more.
The commission is also included in the strategy .
The basic idea is when ,
1) Price crosses above Resistance Level ,indicated by Red Line, is a Long condition.
2) Price crosses below Support Level ,indicated by Green Line , is a Short condition.
3) Candle high crosses above ema1, is a part of the Long condition .
4) Candle low crosses below ema1, is a part of the Short condition .
5) Volume Threshold is an added confirmation for long/short positions.
6) Maximum Risk per trade for the intraday trade can be changed .
7) Default qty size is set to 50 contracts , which can be changed under settings → properties → order size.
8) ATR is used for trailing after entry, as mentioned in the inputs below.
// ═════════════════════════//
// ————————> INPUTS <————————— //
// ═════════════════════════//
→ L_Bars ———————————> Length of Resistance / Support Levels.
→ R_Bars ———————————> Length of Resistance / Support Levels.
→ Volume Break ———————> Volume Breakout from range to confirm Long/Short position.
→ Price Cross Ema —————> Added condition as explained above (3) and (4).
→ ATR LONG —————————> ATR stoploss trail for Long positions.
→ ATR SHORT ————————> ATR stoploss trail for Short positions.
→ RISK ————————————> Maximum Risk per trade intraday.
The strategy was back-tested on TCS ,the input values and the results are mentioned under "BACKTEST RESULTS" below.
// ═════════════════════════ //
// ————————> PROPERTIES<——————— //
// ═════════════════════════ //
Default_qty_size ————> 50 contracts , which can be changed under
Settings
↓
Properties
↓
Order size
// ═══════════════════════════════//
// ————————> TIME CONDITION <————————— //
// ═══════════════════════════════//
The time can be changed in the script , Add it → click on ' { } ' → Pine editor→ making it a copy [right top corner} → Edit the line 27.
The Indian Markets open at 9:15am and closes at 3:30pm.
The 'time_cond' specifies the time at which Entries should happen .
"Close All" function closes all the trades at 3pm , at the open of the next candle.
To change the time to close all trades , Go to Pine Editor → Edit the line 92 .
All open trades get closed at 3pm , because some brokers don't allow you to place fresh intraday orders after 3pm .
// ═══════════════════════════════════════════════ //
// ————————> BACKTEST RESULTS ( 100 CLOSED TRADES )<————————— //
// ═══════════════════════════════════════════════ //
INPUTS can be changed for better Back-Test results.
The strategy applied to NSE:TCS ( 5 min Time-Frame and contract size 50) gives us 60% profitability , as shown below
It was tested for a period a 6 months with a Profit Factor of 1.8 ,net Profit of 30,000 Rs profit .
Sharpe Ratio : 0.49
Sortino Ratio : 1.4
The graph has a Linear Curve with Consistent Profits.
The INPUTS are as follows,
1) L_Bars —————————> 4
2) R_Bars —————————> 4
3) Volume Break ————> 5
4) Price Cross Ema ——> 100
5) ATR LONG ——————> 2.4
6) ATR SHORT —————> 2.6
7) RISK —————————> 2000
8) Default qty size ——> 50
NSE:TCS
Save it to favorites.
Apply it to your charts Now !!
Thank You ☺ NSE:TCS
Stock Gaps SPY Correlation StrategyThis is daytrade stock strategy, designed to take the best out of the daily gaps that are forming between the close of previous day and opening of present day.
At the same time its logic has been adapted for SPY chart, in order to use correlation with the other stocks/assets/ etf which are linked with SP500 movement.
Lastly it has been added 2 new confirmation logics, based on the USI: advance/decline chart and percentage above vwap among all US stocks.
The rules for entry are simple :
We are at the opening daily candle, we have a long/short gap based on where the opening is happening and at the same time we are checking to see that the current different between the current difference between low and previous high (or viceversa) is higher than an established parameter(minimal deviation )
For exit, we exit based on time/clock parameter, in this case by default I selected 1h and half before close of the US session.
For testing purposes I have used 10% of the available capital, with a 0.0035$ comission per each share bought ( IBKR comissions)
If there are any questions, please let me know either here or in private !
MTF Supertrend [Trading Nerd]Trend Trading Strategy using Supertrends
Backtesting Script that uses a multitimeframeanalysis of the Supertrend Indicator. The trend direction is determind by a higher Timeframe (TF) Supertrend. The entry Signals are given by the Supertrend of the current TF. The script is NOT repainting (the script takes the previous value of the higher TF Supertrend, if the higher TF candle is not confirmed yet).
Strategy Conditions
Longs:
The higher TF Supertrend has to be green
The current TF Supertrend change from red to green
Shorts:
The higher TF Supertrend has to be red
The current TF Supertrend change from green to red
Optional:
Option: If enabled also a trend chage of the higher TF Supertrend is a valid Entry Signal
If enabled Signals are discarded if the ADX is below the value
Take Profit
On default there is no Take Profit. You can activate a Risk Reward Based Take Profit target trough the option. Also a Partial Take Profit is possible.
Stop Loss
The default Stop Loss Strategy is a Trailing Stoploss. As trailing Price the current TF Supertrend is used.
Additional
Time Filter: Only opens trade in the defined Session. Open trades are still being closed outside of the Session.
Start Date/End Date: Limits the backtest for the defined Date Range
Trading Days: Only open Trades on the checked Days
Risk % per Trade: If enabled the Strategy uses X% of the capital (defined in Settings -> Properties -> Initial Capital)
Use Compound Interest: If enabled Capital is recalculated for every trade (initial capital + net Profit)
IMPORTANT: For low Timeframes and Markets with tight SL (like Forex) it requires a lower Margin Percent than default. Go to Settings->Properties and lower the required Long/Short Margin. Otherwise Trades might not be considered because of too less capital/marign. Margins can e.g. set to: 2% (Forex), 10% (Stocks), 20% (Crypto).
