Briss Thorn Xtreme

Strategy Description: Briss Thorn Xtreme

The Briss Thorn Xtreme is an innovative trading strategy designed to identify and capitalize on opportunities in the forex market through advanced technical analysis and dynamic risk management. This strategy combines calculations based on RSI and ATR with time and day filters, providing customized signals and real-time alerts via Discord. Ideal for traders seeking a structured and highly customizable methodology, Briss Thorn Xtreme integrates enhanced visual tools for efficient trade management.



Key Features:

• RSI and ATR-Based Signals: Utilizes smoothed RSI and ATR calculations to identify trends and measure volatility, allowing for more precise detection of buy and sell opportunities.
  
• Dynamic Stop-Loss (SL) and Take-Profit (TP) Levels: Automatically calculates SL and TP levels based on market volatility, dynamically adjusting to optimize risk management.
  
• Advanced Discord Integration: Sends detailed alerts to your Discord channel, including information such as the asset, signal time, entry price, and SL/TP levels, facilitating real-time decision-making.
  
• Complete Customization: Allows users to adjust key parameters such as RSI periods, smoothing factors, liquidity thresholds, trading schedules, and operation days, adapting to different trading styles and market conditions.
  
• Enhanced Chart Visualization: Includes visual elements like candle color changes based on trend, colored boxes for SL and TP, and a summary table of recent trades, enabling quick market interpretation.
  
• Day and Time Operation Filters: Enables selection of specific days of the week and time slots during which signals are generated, optimizing market exposure and avoiding periods of low liquidity or unwanted high volatility.
  
• Trade Summary: Displays a summary of the last three trades directly on the chart, indicating whether TP or SL was reached, aiding in strategy performance evaluation.
  
• Customizable Alert Messages: Allows customization of messages sent to Discord for buy and sell signals, tailoring them to your specific preferences and requirements.
  
• Additional Visual Tools: Highlights the operational range on the chart during permitted trading hours and colors candles based on the current trend (bullish, bearish, or neutral), enhancing visibility and decision-making.
  

How the Strategy Works:

1. Technical Indicators Calculation:
   - RSI (Relative Strength Index): Calculates RSI with a defined period and smooths it using an Exponential Moving Average (EMA) to obtain a more stable and reliable signal.
   - ATR (Average True Range): Calculates ATR adjusted by a rapid liquidity factor to measure the current market volatility, thereby determining the strength of the trend.
   
   
2. Generating Buy and Sell Signals:
   - Buy Signal: A buy signal is generated when the liquidity index surpasses the short liquidity level, indicating potential accumulation and an upward trend.
   - Sell Signal: A sell signal is generated when the liquidity index falls below the long liquidity level, indicating potential distribution and a downward trend.
   - Operation Conditions: Signals are only generated on selected days and times, avoiding periods of low liquidity or unwanted high volatility.
   
   
3. Dynamic SL and TP Levels Calculation:
   - Stop-Loss (SL) and Take-Profit (TP): SL and TP levels are calculated based on the entry price and a defined number of ticks, automatically adjusting to market volatility to optimize risk management.
   - SL and TP Visualization: Colored boxes are drawn on the chart for a clear visual reference of SL and TP levels, facilitating trade management.
   
   
4. Automatic Execution and Alerts:
   - Order Execution: Upon signal generation, the strategy automatically executes a market order (buy or sell).
   - Discord Alerts: Detailed alerts are sent to the configured Discord channel, providing essential information for swift decision-making, including asset, signal time, entry price, current volatility (ATR), and trend direction.
   
   
5. Trade Management and Monitoring:
   - Trade Summary: A table on the chart displays a summary of the last three trades (Today, Yesterday, Day Before Yesterday), indicating whether TP or SL was reached, allowing real-time performance evaluation.
   - Automatic Trade Closure: The strategy automatically closes trades upon reaching the established SL or TP levels, ensuring efficient risk management and preventing excessive losses.
   
   
6. Additional Visualization:
   - Candle Coloring by Trend: Candles are colored based on the current trend (bullish, bearish, or neutral), facilitating quick identification of market direction.
   - Operational Range Highlighting: The chart background is colored during permitted trading hours, highlighting active periods of the strategy and enhancing trade visibility.
   

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Strategy Properties (Important)

This backtest is conducted on M17 EURUSD using the following backtesting properties:

• Initial Capital: $1000
  
• Order Size: 1% of capital
  
• Commission: $0.20 per order
  
• Slippage: 1 tick
  
• Pyramiding: 1 order
  
• Price Verification for Limit Orders: 0 ticks
  
• Recalculate on Order Execution: Enabled
  
• Recalculate on Every Tick: Enabled
  
• Recalculate After Order Execution: Enabled
  
• Bar Magnifier for Backtesting Precision: Enabled
  

These properties ensure a realistic preview of the backtesting system. Note that default properties may vary for different reasons:

• Order Size: It is essential to calculate the contract size according to the traded asset and desired risk level.
  
• Commission and Slippage: These costs may vary depending on the market and instrument; there is no default value that guarantees realistic results.
  

All users are strongly recommended to adjust the properties within the script settings to align them with their trading accounts and platforms, ensuring that strategy results are realistic.

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Backtesting Results:

- Net Profit: $327.90 (32.79%)
- Total Closed Trades: 162
- Profit Percentage: 35.80%
- Profit Factor: 1.298
- Maximum Drawdown: $146.70 (10.27%)
- Average per Trade: $2.02 (0.02%)
- Average Bars per Trade: 22

These results were obtained under the mentioned conditions and properties, providing an overview of the strategy's historical performance.

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Interpretation of Results:

- The strategy has demonstrated profitability over the analyzed period, albeit with a success rate of 32.79%, indicating that success depends on a favorable risk-reward ratio.
- The profit factor of 1.298 suggests that total gains exceed total losses by this proportion.
- It is crucial to consider the maximum drawdown of 10.27% when evaluating the strategy's suitability to your risk tolerance.

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Risk Warning:

Trading with leveraged financial instruments involves a high level of risk and may not be suitable for all investors. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk tolerance. Past performance does not guarantee future results. It is essential to perform additional testing and adjust the strategy according to your needs.

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What Makes This Strategy Original?

• Unique RSI and Liquidity Focus: Unlike conventional strategies, Briss Thorn Xtreme focuses on combining RSI analysis with liquidity parameters to reflect institutional activity and macroeconomic events that may influence the market.
  
• Advanced Technological Integration: The combination of automatic execution and customized alerts via Discord provides an efficient and modern tool for active traders.
  
• Customization and Adaptability: The wide range of adjustable parameters allows the strategy to adapt to different assets, time zones, and trading styles, offering flexibility and complete user control.
  
• Enhanced Visual Tools: Integrated visual elements, such as candle coloring, SL/TP boxes, and summary tables, facilitate quick market interpretation and informed decision-making.
  

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Additional Considerations

• Continuous Testing and Optimization: Users are advised to perform additional backtests and optimize parameters based on their own observations and requirements.
  
• Complementary Analysis: Use this strategy in conjunction with other indicators and fundamental analysis tools to reinforce decision-making and confirm generated signals.
  
• Rigorous Risk Management: Ensure that SL and TP levels, as well as position sizes, are aligned with your risk management plan to avoid excessive losses.
  
• Updates and Support: I am committed to providing updates and improvements based on community feedback. For inquiries or suggestions, feel free to contact me.
  

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Example Configuration

Assuming you want to use the strategy with the following parameters:

• Discord Webhook: Your unique Discord Webhook
  
• RSI Period: 6
  
• RSI Smoothing Factor: 5
  
• Rapid Liquidity Factor: 5
  
• Liquidity Threshold: 5
  
• SL Ticks: 100
  
• TP Ticks: 250
  
• SL/TP Box Width: 25 bars
  
• Trading Days: Monday, Tuesday, Wednesday, Thursday, Friday
  
• Trading Hours: Start at 8:00, End at 11:00
  
• Simulated Initial Capital: $1000
  
• Risk per Trade in Simulation: 1% of capital
  
• Slippage and Commissions in Simulation: 1 tick slippage and $0.20 commission per trade
  

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Conclusion

The Briss Thorn Xtreme strategy offers an innovative approach by combining advanced technical analysis with dynamic risk management and modern technological tools. Its original and adaptable design makes it a valuable tool for traders looking to diversify their methods and capitalize on opportunities based on less conventional patterns. Ready for immediate implementation in TradingView, this strategy can enhance your trading arsenal and contribute to a more informed and structured approach in your operations.

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Final Disclaimer:

Financial markets are volatile and can present significant risks. This strategy should be used as part of a comprehensive trading approach and does not guarantee positive results. It is always advisable to consult with a professional financial advisor before making investment decisions.