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AlgoChadLin's BITCOIN H1 Breakout Strategy No.545

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Strategy Overview

AlgoChadLin's BITCOIN H1 Breakout Strategy No.545 is a sophisticated breakout trading system designed for Bitcoin on the H1 timeframe. It integrates multiple volatility and price action indicators to identify high-probability breakout opportunities, aiming to capitalize on significant market movements.

Auther: algochadlin

Strategy Logic

Breakout Confirmation: Utilizes a combination of Average True Range (ATR) and Bollinger Bands to identify periods of low volatility followed by sharp price movements.

Long: Initiated when the price breaks above the previous hour's upper Bollinger Band, with ATR confirming increased volatility.

Short: Triggered when the price breaks below the previous hour's lower Bollinger Band, with ATR indicating heightened volatility.

Parameters

  • Price Entry Multiplier: Adjusts the entry price relative to the breakout level.
  • Exit After Bars: Specifies the number of bars to hold the position before exiting.
  • Profit Target (%): Defines the percentage gain at which to take profit.
  • Stop Loss Coefficient: Multiplier for ATR to calculate stop-loss distance.
  • Trailing Stop Coefficients: Defines the trailing stop parameters.
  • Biggest Range Period: Determines the lookback period for identifying the largest price range.


Setup

  • Timeframe: 1-Hour (H1)
  • Asset: Bitcoin, also suitable for ETH

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.