MÈGAS ALGO : MÈGAS Engine [STRATEGY]

Overview

The MÈGAS Engine [STRATEGY] is a sophisticated algorithmic trading strategy that combines multiple technical analysis components to identify high-probability entry and exit points. This strategy is designed for experienced traders seeking a comprehensive, rule-based approach to market participation.

Key Features

Core Signal Generation:
-Structure Break Detection: Advanced breakout identification with adjustable
sensitivity controls
-Dual-Direction Analysis: Separate bullish and bearish signal parameters with customizable delta
thresholds and depth settings
-Dynamic Parameter Management: OverfitShield technology with pulsewave parameter cycling
to reduce overfitting risks

Filtering Alghoritm:
-Volatility Filter: Rogers-Satchell volatility estimation with RSI-based normalization to avoid
trading in unfavorable market conditions
-Volume Confirmation: Cumulative volume analysis ensuring adequate liquidity support for trade
entries

OverfitShield Method:
OverfitShield is a built-in function within the trading strategy designed to reduce overfitting bias by introducing parameter variability during execution. When the "PULSWAVE" mode is activated, instead of relying on fixed values for key strategy parameters the system dynamically selects values from customizable ranges.

This approach mimics real-world market uncertainty and ensures that the strategy does not become overly dependent on a single optimal value found during backtesting — making it more robust across different market conditions and time periods.

Position Management
-Customizable Exit Set-up
The exit logic can be customized to 'CONTINUE', 'TAKE PROFIT', or 'TRAILING PROFIT' to suit
your trading approach and maximize performance.

-CONTINUE Mode:
This mode does not use predefined take profit levels. Instead, it remains in the market as long as the trend persists. By avoiding fixed exit points, this approach is often the most effective in backtesting, as it allows positions to run in favorable trends for longer periods.

-TAKE PROFIT Mode:
This mode allows you to set multiple grid-like take profit levels at different price points, effectively creating a multi-tier exit strategy. You can specify the number of profit levels you want, along with the percentage step between each level. This structured approach can be beneficial for capturing incremental profits in a trending market while allowing for more flexibility in trade management.

-TRAILING PROFIT Mode:
Similar to the Take Profit mode, this option allows you to set the trailing stop levels. The trailing stop moves with the market, ensuring that you lock in profits as the price continues to move in your favor. Once a profit level is hit, the trailing stop "follows" the price movement, adjusting dynamically to safeguard profits as the trade progresses.

3. Customizable Insight Alerts
Traders can configure personalized alert messages for every strategy action, including entries, exits, and profit targets. These alerts are fully compatible with TradingView's webhook system.

Advantages
Customization: Fully customizable exit set-up and alerts allow traders to tailor the strategy to their personal trading objectives.

How It Works — Step by Step

Step 1: Apply the Strategy
Open the chart for your selected symbol and timeframe. Add the MÈGAS Engine [STRATEGY] to the chart.

Step 2:Backtesting and Optimization
Run a full backtest and optimize the strategy parameters across the chosen trading pairs to:
Identify robust settings that perform consistently well
Avoid overfitting through validation techniques
Select the most profitable and stable configuration for live or forward testing.

Step 3: Review Results and Alerts
Check the backtest results on the chart and confirm that the custom alert messages are displaying as expected. This helps verify that everything is functioning correctly before moving forward.

Step 4: Configure Portfolio Management
Set up the exit logic based on your specific requirements. Tailor the exit strategy to match your trading approach, whether you prefer predefined take profit levels, trailing stops, or a trend-following method. This flexibility ensures the exit logic aligns with your overall strategy for optimal performance.

Open the strategy settings window. In the dedicated portfolio management section, choose your preferred capital allocation method based on your trading style and risk preferences. Once set, save the configuration as the default.

Step 5: Set Up Alerts
Click "Add Alert" on the strategy
-In the message field, use: {{strategy.order.comment}}
Under the Notifications tab:
-Enable Webhook URL
-Enter your external webhook address
-Click 'Create' to activate alerts for your strategy

Please Note:
The MÈGAS Suite [STRATEGY] is provided for informational and educational purposes only. It is not financial advice, and it should not be considered a recommendation to buy, sell, or trade any financial instrument. Trading involves significant risks, including the potential loss of your entire investment. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.

The results and images provided are based on algorithms and historical/paid real-time market data but do not guarantee future results or accuracy. Use this tool at your own risk, and understand that past performance is not indicative of future outcomes.