OPEN-SOURCE SCRIPT

DayTrader Plug and Play Score Strategy HS

116
Been playing around with automating a strategy and to make something more flexible in updating indicators/ risk reward scenarios.
I Trade on 5 min timeframe choosing stocks from a day trading scanner I use to evaluate premarket movement.

This script take into account short term EMA crossovers, VWAP, RSI, Candlesticks, and previous day S/R lines to determine buy/sell points. It Mostly runs on a VWAP strategy and will only buy when price is above VWAP and only sell when price is below VWAP. But uses the other indicators as more confirmations.

All of these indicators come together to form a score 1-8.5 and gives buy/sell signals based on the score.

Strategy is as below:
My Stock scanner gives me anywhere from 3-5 stocks per day to trade. (Not included)
Strategy will only trade once per day per stock.
Strategy closes positions after 2 hours in the market.
Strategy closes all positions 5 min before end of day close.
Trade size is set to 1% of the account size. The risk is 2% of that trade, reward is 4%.
Score threshold for hitting the indicator threshold is set to 5.5 score
^^This is all editable in the script.

After building and testing an rebuilding for a few months this has been my most profitable strategy in PAPER TRADING so I thought id share. I enjoy this kind of tinkering and scenario testing. Enjoy!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.