Strategy Myth-Busting #20 - HalfTrend+HullButterfly - [MYN]#20 on the Myth-Busting bench, we are automating the " I Found Super Easy 1 Minute Scalping System And Backtest It 100 Times " strategy from " Jessy Trading " who claims 30.58% net profit over 100 trades in a couple of weeks with a 51% win rate and profit factor of 1.56 on EURUSD .
This one surprised us quite a bit. Despite the title of this strategy indicating this is on the 1 min timeframe, the author demonstrates the backtesting manually on the 5 minute timeframe. Given the simplicity of this strategy only incorporating a couple of indicators, it's robustness being able to be profitable in both low and high timeframes and on multiple symbols was quite refreshing.
The 3 settings which we need to pay most attention to here is the Hull Butterfly length, HalfTrend amplitude and the Max Number Of Bars Between Hull and HalfTrend Trigger. Depending on the timeframe and symbol, these settings greatly impact the performance outcomes of the strategy. I've listed a couple of these below.
And as always, 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 3 open-source public indicators:
Hull Butterfly Oscillator by LuxAlgo
HalfTrend by Everget
Trading Rules
5 min candles but higher / lower candles work too.
Stop loss at swing high/low
Take Profit 1.5x the risk
Long
Hull Butterfly gives us green column, Wait for HalfTrend to present an up arrow and enter trade.
Short
Hull Butterfly gives us a red column , Wait for HalfTrend to present a down arrow and enter trade.
Alternative Trading Settings for different time frames
1 Minute Timeframe
Move the Hull Butterfly length from the default 11 to 9
Move the HalfTrend Amplitude from the default 2 to 1
Enabling ADX Filter with a 25 threshold
2 Hour Timeframe
Move the HalfTrend Amplitude from the default 2 to 1
Laddered Take Profits from 14.5% to 19% with an 8% SL
Komut dosyalarını "profit" için ara
Wunder Keltner botWunder Keltner bot
1. Wunder Keltner bot is based on the breakout of the Keltner channel. For calculation, 2 channels are used, one for long trades, and the other for short trades. The division into 2 channels is used for more accurate entry calculations depending on trend directions.
2. The ADX indicator is used to filter signals and determine the trend strength. ADX determines the strength of the trend and confirms the entry into the strategy if the value is greater than the level indicated in the settings.
3. There are 3 ways to calculate Stop Loss and Take Profit. You can choose one of them:
Classic Stop Loss and Take Profit in a fixed percentage
ATR Stop Loss
Keltner. Stop Loss, which is set on the opposite Keltner’s Channel Band from Keltner breakout.
4. ATR and Keltner use Risk Reward (R:R) to calculate Take Profit. The script calculates Risk Reward based on the determined Stop loss level and uses the ration to calculate Take Profit.
5. A function for calculating risk on the portfolio (your deposit) has been added to the script. When this option is enabled, you get a calculation of the entry amount in dollars relative to your Stop Loss. In the settings, you can select the risk percentage on your portfolio. The loss will be calculated from the amount that will be displayed on the chart.
For example. Deposit - $1000, you set the risk to 1%. SL 5%. Entry volume will be $200. The loss at SL will be $10.10$ this is your 1% risk or 1% of the deposit.
Important! The risk per trade must be less than the Stop Loss value. If the risk is greater than SL, then you should use leverage.
The amount of funds entering the trade is calculated in dollars. This option was created if you want to send the dollar amount from Tradingview to the exchange. However, putting your volume in dollars you get the incorrect net profit and drawdown indication in the backtest results, as TradingView calculates the backtest volume in contracts.
To display the correct net profit and drawdown values in Tradingview Backtest results, use the ”Volume in contract” option.
MACD MTF Strategy [JoseMetal]============
ENGLISH
============
- Description:
This strategy uses my indicator MACD MTF (check my profile) to generate entries, it also has ATR to define Stop Loss and Take Profit if needed.
The strategy has several customizable options, which allows you to refine the strategy for your asset and timeframe.
You can customize settings for ALL indicator settings (MACD MTF and ATR).
- CUSTOM CONDITIONS TO ENTER A POSITION:
1. Both MACDs agree (current timeframe and higher timeframe).
2. Current timeframe MACD crossover.
3. Higher timeframe MACD crossover.
4. MACDs no longer agree with each other.
- EXIT CONDITION:
1. Predefined Stop Loss and Take Profit based on ATR (stop can be previous wick).
2. MACDs no longer agree with each other.
3. Opposite position entry.
- STOP LOSS TYPE:
1. ATR.
2. Previous wick.
- OTHER OPTIONS:
You can customize any setting for my MACD MTF and ATR.
- Visual:
ATR is shown for the Stop Loss / Take Profit.
The script prints the Take Profit as a green line, Stop Loss as a red line and entry price with a white line.
- Recommendations:
Recommended on 8H or 12H timeframe for the CURRENT timeframe, while using DAILY for the higher timeframe on the MACD MFT (by default).
Entry when BOTH MACDs agree and exit on opposite entry, this has NO TAKE PROFIT or STOP LOSS, so be careful, but gives the BEST profit overall, and being on 8H/12H + Daily lets you relax.
- Customization:
As you can see, almost everything is customizable, for colors and plotting styles check the "Style" tab.
Enjoy!
============
ESPAÑOL
============
- Descripción:
Esta estrategia utiliza mi indicador MACD MTF (revisa mi perfil) para generar entradas, también cuenta con ATR para definir Stop Loss y Take Profit si es necesario.
La estrategia tiene varias opciones personalizables, lo te le permiten refinar la estrategia para te activo y temporalidad.
Puedes personalizar la configuración de TODOS los indicadores (MACD MTF y ATR).
- CONDICIONES PERSONALIZADAS PARA ENTRAR EN UNA POSICIÓN:
1. Ambos MACDs coinciden (temporalidad actual y temporalidad superior).
2. Cruce del MACD en el marco de tiempo actual.
3. Cruce del MACD en el marco temporal superior.
4. Los MACD ya no coinciden entre sí (están en desacuerdo).
- CONDICIÓN DE SALIDA:
1. Stop Loss y Take Profit predefinidos basados en el ATR (el stop puede ser la mecha anterior).
2. Los MACDs ya no coinciden entre sí (están en desacuerdo).
3. Entrada en posición contraria.
- TIPO DE STOP LOSS:
1. ATR.
2. Mecha anterior.
- OTRAS OPCIONES:
Puede personalizar cualquier ajuste para mi MACD MTF y ATR.
- Visual:
El ATR se muestra para el Stop Loss / Take Profit.
El script imprime el Take Profit como una línea verde, el Stop Loss como una línea roja y el precio de entrada con una línea blanca.
- Recomendaciones:
Se recomienda en el marco de tiempo 8H o 12H para el marco de tiempo ACTUAL, mientras que se utiliza DIARIO para el marco de tiempo superior en el MACD MFT (por defecto).
Entrar cuando AMBOS MACDs están de acuerdo y salir en la entrada opuesta, esto no tiene TAKE PROFIT o STOP LOSS, así que tenga cuidado, pero da el MEJOR beneficio en general, y estar en 8H/12H + Diario le permite relajarse.
- Personalización:
Como puedes ver, casi todo es personalizable, para colores y estilos de trazado revisa la pestaña "Estilo".
¡Que lo disfrutes!
3c Ultimate reversal strategy With scanner and backtester v2This might just be the ultimate strategy to identify reversals.
This strategy includes a scanner, a backtester and ability to connect it with you 3 commas bot(See adviced settings below)
Strategy:
-Signals reversal that happened in the last bar. This signal DO NOT repaint.
-Identifies potential reversal that might happen in the current bar but can also not happen depending upon the timeframe closing price.
-The strategy combines the Moving Average Trend Changer, SuperTrend (ATR price detection) and ADX.
-It reduces the number of false signals in sideways market conditons and give more reliable trade signals.
-The signal does not repaint and can be used in any market condition. It determines the trend with high precision.
Take profit:
-Set 2 separate TP conditions.
-You can take profit using percentage, ATR, or RR(Risk Reward), aswell as using Trailing Take Profit.
- Use sell signal from the strategy(I often find way better results using that)
Stoploss:
-You can use either ATR, Percentage or sell signal from the strategy
(For now to let the strategy itself decide when to TP or SL, just set these parameters really high.)
Scanner:
-Identifies coins that are currently in the sell zone
-Identifies coins that are currently in the buy zone
-Screener explores up to 20 pairs in current graph's time frame.
-Optimize the strategy to your liking and use the built in backtester to see if it is a viable strategy.
3commas settings:
-For now you can only use simple bots.
-Create LONG and SHORT bots for the coins you like to trade and set up alerts(You can send long and short signal from the same alert)
-Set TP to 50% the strategy will handle buys and exits based on your inputs.
-Set safety orders to 0. I might add DCA to the strategy if testing proves that to be a good solution.
-When you have made the bots input the bot ID and token adress in the settings of the strategy.
-When creating the alert use this webhook :https://3commas.io/trade_signal/trading_view
-In the message field you use {{strategy.order.alert_message}} as the placeholder.
In the future this signal might make it to the 3commas marketplace. You can then subscribe to that signal where I have cherrypicked coins based on thorough backtesting and optimization.
Smart Money - Oscillator and Volume StrategyOverview
This is a no-repaint strategy that is highly optimized for BINANCE:ETHUSDTPERP 30m, normal candles. It is a long/short strategy that is based on CMF, ADX/DMI, Keltner Channels, and other oscillators to identify smart money.
The overall idea of the strategy is to effectively capture the beginnings and ends of trends in price action, and go long/short accordingly. To achieve this, potential entry points are identified with various oscillators and these are then filtered using a variety of moving averages and strength/momentum indicators.
Short and sell inflections are found when ADX, DMI, and/or CMF oscillate below a specified threshold, and Keltner Channels are also used to indicate potential trades.
The indicator will continue to be updated and optimized for current and future market conditions.
If purchased, access to the indicator will be available within 24 hours.
Backtest Results
Parameters:
- 2021-01-01 to present (19 months)
- 100% equity order size
- 0.04% commission fees
- No leverage
17,089% net profit through 296 trades with 60.47% of trades being profitable.
Profit factor of 2.862, Sharpe Ratio of 1.158
Parameters:
- 2021-01-01 to present (19 months)
- $1,000 initial capital
- $1,000 order size
- 0.04% commission fees
- No leverage
584% net profit through 296 trades with 60.47% of trades being profitable.
Parameters:
- 2021-01-01 to present (19 months)
- 500% equity order size
- 0.04% commission fees
- 5x leverage
8,587,557% net profit through 299 trades with 59.87% of trades being profitable.
Miyagi (10 in 1) + DCA StrategyMiyagi: The attempt at mastering something for the best results.
Miyagi indicators combine multiple trigger conditions and place them in one toolbox for traders to easily use, produce alerts, backtest, reduce risk and increase profitability.
Miyagi (10 in 1) + DCA Strategy built for the Miyagi (10 in 1) + Alerts found here:
The DCA Strategy was designed to help visualize, backtest and improve users' DCA strategies and overall profitability.
Users can backtest different trading timeframes using the start and end date inputs.
Users can backtest different take profit and stoploss percents, both long and short.
Users can choose whether or not to use DCA on the backtester via a selectable input.
Input the DCA as you would normally using the Wick Hunter bot.
Happy trading!
Miyagi (4 in 1) + DCA StrategyMiyagi: The attempt at mastering something for the best results.
Miyagi indicators combine multiple trigger conditions and place them in one toolbox for traders to easily use, produce alerts, backtest, reduce risk and increase profitability.
Miyagi (4 in 1) + DCA Strategy built for the Miyagi (4 in 1) + Alerts found here:
The DCA Strategy was designed to help visualize, backtest and improve users' DCA strategies and overall profitability.
Users can backtest different trading timeframes using the start and end date inputs.
Users can backtest different take profit and stoploss percents, both long and short.
Users can choose whether or not to use DCA on the backtester via a selectable input.
Input the DCA as you would normally using the Wick Hunter bot.
Happy trading!
[XBotUniverse] TREND 1.0 XBotUniverse is an automated crypto trading platform that allows you to start trading and investing in cryptocurrencies seamlessly, by implementing a fully automated trading bot using TradingView
The TREND Strategy version is a signal indicator following the direction of the trend with a fully technical method, without fundamentals, without the need for manual trading. Uses eleven Technical Indicators to measure trend strength. There are six breakouts and crosses to confirm open positions.
Runs well when the market is moving uptrend or downtrend. This strategy uses good risk management, where every open position takes a take profit of around 1.6% and a stop loss of around 1.3%, this is possible, because this strategy applies a "Smart Quantity", where the amount or quantity will adjust so that the profit and loss according to the calculation risk management, this will prevent your funds from being eroded
When the market is running very sideways, the strategy reduces the risk of loss by reducing open positions, by measuring the strength of the trend and measuring the shallowness of the average candle bar mixed with the "Smart Quantity" technique.
This strategy is applied to the Binance Futures Exchange, uses API Management, and can only be applied to the ETHUSDTPERP pair, so if it is used on another pair, the strategy will not work.
The main point of this platform is to reduce risk in trading digital instruments, by maintaining transactions with good risk management, namely preventing trading in a brutal way that will erode funds in an immeasurable way. Another important thing is that there is no risk of fundraising which results in funds or deposits being unable to be taken, such as in the case of forex trading robots where the biggest risk is with the broker, where our funds may not necessarily return due to non-transparent and poorly regulated mechanisms.
No business in this world can measure with certainty when the return on investment or can generate consistent profits, so also take care of the risk from our side as users, please analyze this strategy by paying attention to the strategy tester to measure NetProfit, Percent Profitable and Maximum Drawdown, from trading history that has occurred the previous month, because the results are relatively the same as what happened in real trading. Also remember that past profits do not guarantee future profits
Every business has risks, so use cold money so that we are comfortable when trading, don't use debt / borrow money, pawn money, kitchen money or hot money.
If you are interested in using this strategy for automated and real-time trading, please contact the owner of this strategy or the founders who can provide education on how to use it.
CryptoAlgo DCA / AccumulationThis is a Dollar Cost Average (DCA) / Accumulation strategy. Every time there is a long signal it will buy a fixed USD amount that you have specified in the settings and keep buying at the dips and corrections in the market. This strategy is low-risk, however it assumes you have a long time horizon of at least 2+ years. The longer your holding-period, the better your returns.
There is 3 different entry conditions you can choose from:
The first entry condition is bollinger bands. Bollinger bands is a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of an assets price. Every time a candle closes below the lower trendline the strategy will buy.
The second entry condition is the Relative Strength Index (RSI). The RSI is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. Every time the RSI is meaning oversold and goes below a point of your choosing the strategy will buy.
The third entry condition is based on pivot points and moving averages that will determine small term trend changes in the market and low price points. Every time there is a bullish trend reversal the strategy will buy.
All three of these entry conditions can be controlled by a higher timeframe RSI that will stop entries when the RSI is above a certain point where the market is overbought and not ideal for accumulation.
The take profits in this strategy is dynamic and will signal trend changes like the third entry condition by using pivot points and moving averages. Since this is a DCA/ Accumulation strategy and will accumulate for the long term it will only exit a small percentage of the accumulated position. This will ensure that you take profit as the asset is appreciating in price while keeping the majority of the position for greater profit in the future.
At the bottom right corner of the chart you will be able to see the key results of the DCA
The first reading is the Average amount USD that the strategy is investing on average every month. This value will help you identify the best settings for you and what USD amount the strategy should enter at the signals so that it stays below the amount you are willing to invest every month. Keep in mind that this is an average and that there will be a lot of deviation up or down based on where the market is going. If the market is having a correction the strategy will signal a lot more entries than when it is going up.
The second reading is the average profit per month. This is also an average and the result will go up exponentially from the starting point as the strategy accumulates and the market appreciates in price.
The third reading is the position average price. This is the average price all the accumulated USD in the asset.
The fourth reading is the total profit. This is the result of both the realised profit from taking profit and the accumulated usd amount left in the position.
The last reading is the performance score. This is a scoring system that i created that looks at the data from the readings and weighs it based on importance and then spits out a number that will help identify the best settings. The higher the number the better the performance, meaning more profit and better DCA.
When you have found the right settings you can insert the messages from your automatic trading platform at the bottom of the inputs and then create an alert with your unique webhook address along with the alert message below:
{{strategy.order.alert_message}}
You will be able to adjust all parameters in the settings.
Enjoy!
RSI+PA+PrTPHi everybody,
This strategy is a RSI, Price Averaging, Pyramiding Strategy based on the earlier RSI+PA+DCA strategy. See below.
For this slightly different strategy I left the DCA option out and instead focused on the Take Profit calculation. In the previous strategy the Take Profit was directly connected to the Average Price level with a specified take profit %. When the price reached the Take Profit all positions where exited. The strategy opened multiple position based on the PA price levels. The separate positions can close when they reach separately specified Take Profit Limit. Each time the prices crosses the PA layer again the position can be re-opened. This causes the average price to drop each time a separate position is opened and closed.
I thought it was an interesting way to minimize losses and in general it works fine. Only when the market goes bearish it can cause significant losses
For the lack of a better word, I dubbed it Progressive Take Profit. The PrTP works different and is less risky. It doesn't directly follow the average price development and is calculated for a part based on the estimated profits of the separate closed positions. Every time a separate position is closed, the profit of that position is deducted of the Take Profit Limit. This causes the Take Profit Limit to drop les drastically then the average price and the whole position will only be closed when the separately opened and closed positions made up for the biggest losses.
There are still some aspects in the puzzle that are not fully worked out yet and I am still working on it, but I wanted to share this idea already and maybe you have some thoughts about it.
The next step is to re-implement a better worked out DCA function.
To be continued.
Density & Step Grid Strategies BacktesterThis contains several signals for backtesting strategies only in binance futures assets.
HOW IT WORKS
Grid trading is a trading strategy where an investor creates a so-called "price grid". The basic idea of the strategy is to repeatedly buy at the pre-specified price and then wait for the price to rise above that level and then sell the position (and vice versa with shorting or hedging). We introduce 2 grids trading algorithms "Step" and "Density" .
FEATURES
Grid size: This algorithm has a max of 20 orders.
Take profit: The trader can increase or decrease the distance between the grids from the User Interface panel, is the the distance from average price.
Management: The algorithm distributes the capital for all orders depending on the amount fator, for example 1.1% of amount factor adds 10% over the previus order.
Stop Loss: The algorithm place the stopn using distance from the last lower / upper grid depending on the position side.
USES
Indispensable research and backtesting tool for those using bots for their investments. The algorithm produces a backtesting of the strategy for past history. It is used by professional traders to understand if this strategy has been profitable on a market and what parameters to use for bots using this strategy, only binance futures assets supported.
If you would like to develop your own algorithm with customized conditions based on a grid strategy, please contact us.
If you need help in using this tool, please contact us without hesitation.
Dynamic length MA Strategy [Dynamic Signal Lab]Dear TV'ers,
Hereby the strategy for the dynamic moving average crossover, with some flexible taking profit options.
All moving averages have the option to dynamically change lengths and different source options. They include:
* Hull MA
* volume-weighted Hull MA
* Simple MA
* Money Flow Index
* Chande Momentum Oscilator
* Arnaud Legoux MA
* Weighted MA
* Linear regression
What makes this strategy special is the fact that you can dynamically shorten the length of moving average length depending on how much you are in profit. The more you are in profit, the shorter the length of the MA will become.
The current default properties should be modified to make this strategy cost-effective, but typically 30minutes and higher timeframes seem to work well for larger (top10 cap) crypto projects. Dont use this script for small-caps as it will get you rekt.
Additionally, you'll also be able to continuously take profit, making sure you lock in all those sweet profits.
Use this script for doing backtesting and the indicator compagnon to fire your alerts.
MilleMachineHello traders,
I hereby present to you the second stage of my journey to finding a reliable, profitable trading strategy.
The "Millemachine" is based on the "Millebot", my previous published strategy. This means the backbone of the strategy is still the same: a trend following system. Instead of using a fixed TP and SL, a trailing stoploss is now used. To limit the losses when the trend weakens, the trailing stoploss automatically gets smaller, as it is based on the ATR.
A new utility is you can now easily switch between indicators on which the decision making is based. This allows the user to discover which indicators work best for entry, long/short switching and stoploss configuration.
The strategy has been proven to be very profitable in trending markets, but can suffer losses during ranging market. To make the system more robust, the strategy cannot solely rely on a trending system. Other systems must be added.
I believe that a good trading bot must consist of more than 4 different strategies, based on different systems. This is what I am currently working on.
My goal for publishing this strategy is to help other traders build their own. In my journey I found it difficult to find a good strategy that employs a decent risk management, which is truly essential for having good, consistent results. Also, a realistic commission needs to be defined to have a realistic performance prediction. This weighs on the profitability and therefore is often set at 0 by authors of other strategies, which I find misleading.
If you have found this strategy informative or useful, please leave a comment.
Greetings Michael
TICK strategy for SPY optionsImportant notes:
1. This strategy is designed for same day SPY option scalping. All profit shown in back testing report is based on Profit/Loss (P/L) estimates from trading options with approximately 6 months of data. By default, it is set to 10 option contracts. By default the initial capital is set to $5000. Pyramiding is set to 3.
2. This strategy works better with non-extended market data.
3. This strategy is mainly developed for SPY trading on 5 min chart, it probably will not be very profitable with other tickers or time frame without tweaking all the parameters first.
4. This strategy will work with QQQ as well, but please adjust the profit multiplier to match the P/L of QQQ options.
How it works:
When trading the indices, many rely on the TICK for market directions. This strategy is a trend following strategy that uses a combination of conditions using the following indicators:
- TICK
- RSI
- VIX volatility index
- EMA
For entries, the conditions are:
1. TICK moving average crossover with a delayed signal line
2. Bullish or bearish RSI signal, RSI > 50 for bullish, < 50 for bearish
3. VIX must be above a certain threshold to take advantage of high market volatility
4. Price must be on top of EMA line for long, and below for short
For exits, there are 3 scenarios:
1. Stop loss set by a percentage of the daily ATR value
2. Trend changes on the TICK and the RSI
3. Bearish or bullish divergence on price with TICK
This strategy automatically signal to close all trades at 3:50 pm EST at the end of the day.
Extras:
- There is an option to show P/L for reinvesting profits
Enjoy~!!! Let's all make $$$
Cyatophilum Accumulation StrategyAn indicator to backtest and automate accumulation/pyramiding custom strategies.
The goal of the strategy is to buy several times when the price is low and sell all when the position is in profit.
Configure your strategy using the entry options and entry filters, then set your Take Profit and StopLoss.
═════════════════════════════════════════════════════════════════════════
█ HOW IT WORKS
The strategy has pyramiding enabled, which means it can open several deals in a row.
It will keep buying until the Take Profit target is reached.
The indicator plots the Take Profit and Break Even line which are recalculated at each new deal.
The target corresponds to the average entry price plus a configurable percentage.
We can see the average entry price line drop lower at each Long Entry.
█ HOW TO USE
Choose a pair that you want to hold/invest in.
Pick a chart time frame that you like, according to how often you want the strategy to place orders. A benefit of this strategy is that it can work on low time frames as well as high time frames. Just keep in mind that the smaller the time frame, the bigger the impact of fees and slippage will be on the strategy results.
Configure your entry condition . You can combine several technical indicators to trigger an entry, such as Top & Bottom, Higher Lows and RSI divergences.
Example with double bottoms:
Filter your entry signal . Add filters to strengthen your entry signal.
Configure your profit target
Use the Take Profit feature to set a target in percentage of price. You can also make it trail.
There is a Trailing Stop Loss feature but the goal of the strategy is to never sell in loss, so it is turned off by default.
Check your backtest parameters
Make sure that the initial capital and order size make sense. Since it is a pyramiding strategy, the sum of all deals should not be bigger than the initial capital.
In this example: Initial capital is 10 k, max active deals is 10, so the max order size is 1 k.
If you use % equity as order size, please note that it will create compounding.
Check the fees, by default they are set to 0.1%.
I also recommend to set a slippage that corresponds to your exchange's spread.
Note: the pyramiding parameter has to be equal to the "Max Active deals" input.
█ FEATURES
• Entry settings
Configure wether to go long or short, or both.
Choose the Max Active deals : the maximum number of deals that you want to open at once.
The Minimum bar delay between deals parameter will help putting space between deals.
• Trend Filter
The trend filter will fitler off long deals when the trend is bearish, and short deals when it is bullish.
Choose a trend line from a list, or any external trend line you can find.
The Trend condition allows to choose wether the trend should switch from slope change or price cross.
• MTF Trend Filter
A secondary trend line, Multi Time Frame.
• Volume Filter
The volume filter will check the bar volume and prevent the entry if it is too low.
• Stop Loss and Take Profit
Configure your stop loss and take profit for long and short trades.
You can also make a trailing stoploss and a trailing take profit.
• Backtest Settings
Choose a backtest period, longs or shorts, wether to use limit orders or not.
An option to close open orders at the current bar if you have multiple open orders and are wondering what it would result to close them now.
Graphics
A Configuration panel with all the indicator settings, useful for sharing/saving a strategy.
A Backtest Results panel with additional information from the strategy tester.
█ ALERTS
The indicator is using the alert() calls: it only uses 1 alert slot to send order messages for each event. This means free TV plans can create 1 complete strategy.
To set your alert messages, open the indicator settings and scroll to the bottom of the "inputs" tab.
Create your alert after you set the messages in the indicator settings, and make sure "Any alert() function call" is set in the alert option.
█ LIMITATIONS
Things to keep in mind when using this strategy.
• No Stop loss
When trading without stop loss, your equity can drop without limit, and it can take a while until price recovers.
This is why when backtesting I recommend to keep an eye on the "Max # Days in trades" statistic which tells the maximum days a trade took to close in profit.
• Spot markets only
Obviously, trading without stop loss means no leverage.
█ BACKTEST RESULTS
The backtest settings used in this snapshot are the following:
Initial Capital: 10 000€
Order size: 1 000 €
Commission: 0.1€ per order
Slippage : 10 ticks
Please read the author instructions below for access and automation.
Conservative scalping incomeThis fully automated scalping strategy aims for an 10-12% annual return using LONG positions only (i.e. no SHORTs), with 2 to 1 number of winning trades and 1.5 to 1 avg win amount vs avg loss amount. It should generally make from zero to four trades per day depending on market conditions. It should remain in a position for roughly an hour. It leverages numerous indicators, including multiple moving averages, ADX, and MACD.
Note that this strategy does not try to time tops and bottoms. Rather it waits to clearly identify a trend, and then rides that trend for a short while making a defined profit. Thus it may enter and exit a trade under profitable conditions, but not at the most profitable conditions possible. It gets in when it's sure of the trend, and then generally leaves that trend as soon as a defined profit is made or before a meaningful loss is incurred.
This strategy will work well with any index (e.g. SPY) and most stocks. It works best on a five minute time interval and when the index or stock is either generally increasing over time or bouncing back and forth between a medium to wide range.
AlphaScalp [Backtest, No RealTime]AlphaScalp tries to find volatility moves and profits from the small pullbacks.
Even though the performance of this script in a fair amount of cases will beat HODL it is not the purpose. AlphaScalp aims for a high accuracy and profitfactor to ensure a more or less stable profit taking.
The properties like " MA Length " and the " Short - " or " Long line % " tweaks the risk by increasing or lowering the requirements for a buy (Long or Short). Close/Exit of each order is then handled by TP, SL or volatility stop.
For high volatility assets it is recommended to use the " Sell LONG on Volatility DOWN " and " Sell SHORT on Volatility UP " to ensure a TA approach for StopLoss. Normal SL is also possible to set but is not recommended on high volatility assets since you quickly can be stopped out by wicks.
AlphaScalp works best on high volatility assets with a solid liquidity and volume - but it will also work on stocks and low volatility assets.
AlphaScalp is designed for scalping and is thereby recommended to use between 5M-1H.
This version is free for your to backtest on all assets - but be aware that alerts on RealTime bars are disabled - meaning you can add alerts but they will not trigger in real time. To ensure you have the latest backtesting results, you need to have the script added to your chart, save your chart and the refresh the page.
Enjoy and please let me know if you have any questions
Alpha Candle Breakout Signal on Momentum from Support Resistance
Hello traders,
Let’s start with a brief description of what this strategy/indicator is and what it does and how we trade based on Alpha Candles.
The definition of an Alpha Candle is that it is mathematically calculated, and significantly bigger than the previous candles. This could be a green candle or a red candle, as long as the body is significantly bigger than the previous candles at the end of the calculation. All calculations are done in real time, we do NOT paint the candle sticks after the close of the candle and do not use offset values. This is extremely important. You will see the candle changing it's color as the body of the candle gets bigger with real time data feed. (Recalculate On Every Tick is ON by default). Now besides the mathematical calculations, an Alpha Candle also represents the emotion in the market for that stock in that moment. We can also say that an Alpha Candle is a change in the momentum.
Now that we’ve identified the Alpha candle, the second step is, to have a look at the chart and identify if the Alpha candle is breaking to a new high / low from a consolidation period, or from a good chart pattern (ascending / descending triangle , pennant , sideways consolidation) or a sudden direction change of the stock (bounce). Remember, the script will paint all Alpha candles regardless.
NVAX day trading example
Forex
Crypto
PLUG (Bounce example)
The script will identify the Alpha candles that are breaking to a new high / low from a user input look back period (default is 20 bars back, but this can be changed by the user input). An Alpha candle that breaks the look back period, will have a stop loss line below for Green Alpha or above for Red Alpha Candle and reward targets, like target1 or target2 (both are user input fields, can be adjusted to personal R values, default values are 2R and 3R)
A 2R means two times the reward (profit) of a 1-unit risk. If you are comfortable of loosing $50 per trade which will be considered 1-unit, then 2R means $100 reward (profit) target and a 3R is $150 reward (profit) target. Those R values will be plotted and/or labelled on the chart with dollar amounts if desired. You can change your R values from the user input area, even with decimal points, like 2.5R or 3.75R. If you shoot for at least 2R, you could be wrong 6 times out of 10, and still make 2R profit, as long as the other 4 trades give you a total of 8R. This is a basic trading concept. It will force the new traders to focus on risk/reward rather then a gambling attitude.
The script is meant to work with candle stick chart patterns only, it is NOT meant to work with ranges, line charts or point and figure charts. It will work with time frames like (seconds,1,2,3,5,10 minute or any minutes, daily, weekly). If you are trading IPOs , there might not be enough data for the script to do the calculation, so just be aware.
The script will identify the candles if they are Green Alpha (going up, bullish ) or Red Alpha (going down, bearish ). In order to see them clearly, we’ve greyed out the rest of the candles, and made Green Alpha candles white, and Red Alphas are left as red. You can change the colors from the user input area.
There is also a look back period, between 1-55 and the initial value is 20 for Green Alpha and 10 for Red Alpha. So, if the Alpha Candle breaks this look back period, it will be considered as an opportunity to take the trade. The code will put the stop loss area, possible target1 and target2 areas with a blue diamond and will draw the resistance/support lines for that Alpha candle. Depending on the individual’s risk tolerance, a label on the right side of the screen will show the risk tolerance (user input value) and the number of shares to be traded based on the risk tolerance (# of shares will be for the last Alpha Candle that is formed, it will constantly update itself with the new Alpha Candle)
For those who might be familiar with the three-bar play, we implemented something similar, so the code will find them in real time. Once an Alpha Candle is formed, if the following candle is a very small candle, also called pin bar , it will be painted to orange, so you can see it clearly. This pin bar is significantly smaller than the previous candles and formed right after an Alpha Candle.
Like anything in life, nothing is free. Meaning you have to work for it. So if you are looking to buy/sell blindly based on some indicators and signals, please do not consider this script. However, once you start using it, you will see how patterns repeat, when they repeat and how they repeat. It will identify the action, but you have to check the validity from the charts, so user discretionary is advised. As an example, if the Alpha candle is breaking from a consolidation period at $10. Let’s assume stop loss is at $9 so the 2R target will be $12, but if there is a possible resistance at $11, then the trader has to decide to take the trade for a possible 1R return, or skip the trade.
We try to approach the trading as a set of rules and processing the trades one by one, with a calculated risk and reward. This script will give you the Candle stick formation that is worth consideration and will draw the Stop Loss area (you can tweak this to your liking), will draw the 2-3R Targets, and will calculate the number of shares to be purchased based on the Risk Tolerance user entered in the user input area. The rest is to let the trade take care of it self.
Charts and patterns work better, when there is enough volume in a particular stock. If the stock is trading very low in volume , things will not work as expected. So, we must focus on the abnormal stocks, like gap gainers, volume gainer stocks, or heavily traded stocks (for intraday trading). For swing or long-term traders, one could look for a Green Alpha candle, assess the risk and possible return and trade the plan on a daily chart pattern (long term), or 15,30,60 min charts for swing trades.
If you are looking to short a stock, look for stocks that are weak (gap downs), so look for Red Alpha formations in that stock.
Once the back testing is turned on, code will generate buy/sell signals, otherwise it will work as an indicator. But please keep in mind….. For day trading, the stock has to be abnormally trading, so the chart patterns and the Alpha Candles work correctly. Volume has to be more than usual. It is the best way to have predictable results for day trading. If the volume of the stock is 2-5 times or more than the average of 20 days period (early in the morning), and even more later in the day, it is a good indication that the stock is trading on an abnormal volume with some news (pre-market abnormality is a good sign for possible abnormality for that stock).
For back testing, user can select from the user input area :
• Long or Short Trades or both or use the script as an indicator
• Close any open position if an Alpha candle forms in the opposite direction
• Pyramid the trades up to 4 levels (allow to buy/sell 4 times in the same direction every time another Alpha Candle forms)
• Breakout/breakdown look back period (every time an Alpha Candle forms and breaks this look back period, it will be a trade opportunity)
• Target Reward areas
• Stop Loss area
• Time frame (change the time frame and observe which time frame made good profit. Test the plan for future trades. Test it in as many abnormal stocks for the day they were behaving abnormal as possible). Time frame is not a user input field, just the time frame of the chart, 2,5,10 min, 1 hour etc.
• Selective date testing (between two dates/times). This is very important as most of the good opportunities comes from abnormal price action with volume . If you back test with the maximum amount of data for that abnormal stock on that day, it will produce unrealistic results, because the stock will have a normal course of trend before the news. Remember, we are looking for stocks that are trading abnormal in both price and volume or stocks like AAPL , TSLA which are trading heavily on each day. It is also a good way to learn, how and when to buy/sell, where to put stop losses by observing the chart with the Alpha Candles showing the results.
• All the above values will have an impact on the total profit / loss.
F (Ford Motors)
Now that we’ve covered what the script does, let’s plan the trade and trade the plan.
Side Note:
-------------
We started coding this as an indicator to show the Alpha Candles to find opportunities in the market. Later in the development, we implemented it as a Strategy, to be able to back test the ideas, to tweak some rules for entry/exit and see the effects on our profit/loss percentages in general. We kept the original idea being an Indicator, to show us the Alpha Candles in real time. This requires the option “Indicator Mode” is to be selected from the User Input area, and leaving the “Recalculate On Every Tick” is selected from the Properties tab of the strategy (as of Pine Script v5). Strategy is turning this “On” by default.
Disclaimer: This script is an educational and personal use only tool and should be used accordingly. User can not publish any images created with this code. Do your own due diligence, do not buy / sell stocks based on any indicator, always use stop losses. We do not make any promises as this indicator or any indicator will make you a profitable trader. Trading and technical analysis is difficult, it takes time to build confidence and experience. Study the charts and candlestick formations. Study support/resistance areas and how to identify them. This will help you to tweak the script’s stop loss areas and 2R-3R targets. Do not invest any money you are not comfortable loosing.
This is an invite only strategy. We will give ample time to test it out. After that you will need to subscribe. To get access to this strategy trader can send me an email from the links below.
All the Best
Happy Trading
when bull D timeframeEcco a voi la mia strategia basata su atr con implementazioni personali per definire facilmente la condizione di mercato su btc e eth, come potete vedere punta ad identificare solo le salite più importati ignorando i falsi segnali che avvengono nelle fasi di bear market (o di incertezza). Da utilizzare con timeframe D.
Condivido una versione disponibile e funzionante gratuitamente fino al 31/12/2022 dopo tale data lo script tornerà a pagamento.
Here is my strategy based on atr with personal implementations to easily define the market condition on btc and eth, as you can see it aims to identify only the most important climbs ignoring the false signals that occur in the bear market (or uncertainty) phases. For use with timeframe D. I share a version available and working for free until 31/12/2022 after that date the script will return not for free.
Stay Tuned
Up/Down Strategy - ContrarianThis is a consecutive bar up/down strategy for going long when the short condition is met or going short when the long condition is met. This is known in trading as taking contrarian signals and is helpful when an asset can provide only losses with a given strategy. In theory taking the opposing trade should produce a profit. With this strategy you can specify how many bars down to enter long and how many bars up to enter short. It also has code to check and make sure the condition is still true when launching the official alert, which helps back testing and live results line up, however be sure to enter commission and slippage into the properties to accurately reflect profits. I added back testing date ranges to this so you can easily pull up and see back tested results for a certain date range. I also added a buy and sell messages, close messages and take profit/stop loss message fields in the properties so you can launch alerts that will work with automated trading services. Simply enter your messages into those fields in the properties and then when you create an alert enter {{strategy.order.alert_message}} into the alert body and it will dynamically pull in your buy and sell messages when it fires alerts. I also added time restriction so you can enter trades only during the time frame specified. You can change it to any time frame, such at 0930-1600. Set the time restriction field to empty by default since otherwise the strategy won't take all trades like normal. So to enable time restriction enter a time frame in the format 0000-0000. I also added the ability to check off a box that will close the open trade at the end of the time restriction. So if you set the time frame to 0930-1600 and check off to enable close trade at end of time frame then it will look to exit the trade at the close of the next bar.
Zero-Lag HMA Backtest v1.0 [loxx]This backtest compares profitability differences between a regular Hull Moving Average ( HMA ) and a Zero-Lag HMA .
Things to know:
- Profit is set to 1 ATR
- Stop-loss is set to 1.5 ATR.
- This is by design to test the minimum the profit scenario (1 ATR up) and the worst case loss scenario (1.5 ATR down) for momentum trading. Actual results vary when additional TPs are added
How to use:
- Adjust settings and dates to view different market structures and position scenarios
- See results in the "Strategy Tester" pane
Conclusions and what's next
- Modifying HMA does very little to improve backtest results
- Future iterations will include options to backtest various moving averages with additional modifiers to improve profits and avoide losses
Comment below or send a PM with questions, comments, observations, or concerns.
MacD Short and/or Long with Bi-Directional TP and SL This tool allows you to test any variable value for MacD and Signal for going Long or Short with each market direction having customizable values for stop loss and take profit.
For example, sometimes the MacD and Signal values are better with different lengths between Short and Long. You can use this tool to see them overlaid and determine the best settings for going one direction or the other.
This script was preset for use with XBTUSD on the 4 hour time frame. Another example with this in mind, is take profits and stop losses might not work in the Long market direction but going Short does! Without this tool that would be hard to see since typically stop loss and take profit is applied to both directions. I found with this tool that a 20% take profit seems to be a good sweet spot for going short with this strategy.
You can customize which MacD histogram you see by going to the style section and turning off the Short or Long parameters so you can see only 1 histogram at a time if you wish.
If you have any questions, please PM me.
CryptoNite - Machine Learning Strategy (15Min Timeframe)Greeting Traders! I am back with another ML strategy. :D I kept my word with combining my machine learning algorithms from Python and integrating them into Tradingview. Thanks to Tradingview's new release of Pinescript v5 it is now possible. This strategy respects the Sortino Ratio and was created using 2 years of data for 50 different cryptocurrencies. That is a total of 100 years of data and 44,849 trades to create this strategy. Now let me tell you, my computer and I are exhausted. We both been at it non-stop for about two months everyday. I refine the strategy, and the computer runs 24/7 for a few days to spit out the best results into the terminal. It's been a good run so my computer will finally get some sleep tonight.
So let's talk a little about the features of the strategy. In the settings window, you'll see the Stoploss, Take Profit Parameters, and Date Range. You can change the Date Range, but I recommend to leave the SL/TP parameters how they are because the machine learning algo chose those input. If you wish to change them you are always welcome to do so but backtest results will change. For the Take Profit parameters you'll see on the left side you something labeled time duration(displayed in minutes) and on the right side you'll see take profit values. Let's talk a little bit how they work.
TP_values = {
"0": 0.102,
"133": 0.051,
"431": 0.039,
"963": 0
}
In python, the table looks like this but it is quite easy to understand in Tradingview.
From 0-133 minutes, the strategy is looking to the reach target point 1 at 10.2% profit.
From 133-431 minutes, the strategy is looking to the reach target point 2 at 5.1% profit.
From 431-963 minutes, the strategy is looking to the reach target point 3 at 3.9% profit.
From 963+ minutes, the strategy is looking to break even at 0% profit on target point 4.
Through each target point a sell trigger is active. It will look for the best time to sell even if TP has not been reached.
This helps the trade not stay open too long.
The last thing I need to mention is the textbox displayed on the right side of your chart. This textbox displays the current Take Profit value in dollar amount. So when you're in a trade you'll know what TP target has to be reached when the open trade is active. Throughout time, the target price changes depending how long the trade has been open. If you have any questions feel free to comment down below, and enjoy this strategy!
