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
Trend Analizi
TradingGroundhog - Fundamental Bot Automation - Fractal/Wave -V1PLEASE READ THE DESCRIPTION - AS THE SCRIPT IS USED FOR AUTOMATION AND TRADING PAIR SWITCH THE MECHANISM CAN BE COMPLICATED TO UNDERSTAND
#-- Pairs Switching - No Repaint - Fractals - Wavetrend --
This strategy uses my fractal/wavetrend previous methods in order to buy/sell.
However, it has been designed in order to switch automatically the pairs on which it trades to reduce the loss and risk.
#-- Synopsis --
To do so, the script uses a Daily wavetrend oscillator. The oscillator is used to find uptrend periods.
From it, the number of uptrend days are counted.
#-- Wavetrend --
For exemple, if BTC/EUR goes from downtrend to uptrend, the script will start to count since how many days the market is uptrend.
Then, if BTC/EUR goes from uptrend to downtrend, the counter will be reset to 0.
The script only trades during uptrend periods.
#-- Pairs --
Up to 35 pairs can be used at the same time. The user can enable of disable to trade on certain pairs.
Uptrend days are counted for each one of those pairs. The user can define on how many pairs the script can trade at the same time.
The select which pairs will be trade, the script sort all the enabled pairs based on their uptrend days counters.
#-- Trade organization --
For exemple if we set 5, as the number of maximum pairs to trade on.
Trades will be conducted on the 5 pairs being in uptrend for the longest time.
Therefore, to organize the money placement on each pair, the equity is used.
For 100% of equity, 10% are kept if losing trades occur.
The remaining 90% are divided by the number of maximum pairs to trade on.
If we chose 5, we will have (90/5) 18% of our capital placed in each bot.
#-- Setting it --
As explained before, this script is used for automation.
For exemple, lets say you are interested by 15 pairs with promising evolution and you set the number of maximum pairs to trade on to 5.
You will have to set alerts for the script on each of the 15 pairs.
You will receive alerts for when to buy and sell.
Note that the script has to be set for each of the selected pairs, it is not able to trade on 15 pairs (thus, webpages) if only set on one Tradingview webpage.
#-- Plot--
Once launch, you can see a plot.
The plot represent the Uptrend days counter for 20 pairs. It also project the organization of the ENABLED pairs.
If a pair is part of the one with the highest number of uprend days. It's name will be displayed under the plot in a yellow comment box.
Four other box are projected to the right of the plot:
White comment : All the pairs sorted from highest number of uptrend days to the lowest.
Red comment : Pairs with the lowest number of uptrend days.
Blue comment : Interesting pairs which will may be uptrend for a long time.
Green comment : Actual pairs with active trading (thus, the pairs with the maximum number of uptrend days)
#-- Bot automation --
If you use 3commas or other trading bot platforms, you will have to set as comments the BUY/SELL alerts. <= Which is what I am doing with it.
Doing so make you trade on multiple pairs, automatically.
However, you will need to set as input the 3commas signal.
For the moment, the script will be needed for it.
However, I will soon release a V2 taking as input the 3commas strategy comments.
For the moment, you can set the script in different webpages and follow BUY/SELL orders by eyes of alerts. ;)
#-- Parameters --
*** Parameters have been intensively optimized using 35 cryptocurrency pairsin order to have potent efficiency for each of them. I would recommend to only change the METHOD SETTINGS. For the others, I don't recommend any modifications. If you need precision on the other parameters of if you want to modify them, more informations can be found in my previous scripts and ***
Filtering method :
Used to reduce or not the risks. If you set Wavetrend, less trades will be conducted as the wavetrend filter from will be used. If you choose Fractal, no Wavetrend signals will be used.
(I prefer to use Fractal as I am using 1 or 3 minutes timeframes for the moment.)
Market Pairs : You can select on which markets the script will trade by enabling it's checkbox.
*** Also, for the moment, due to Pinescript limitation, I cannot set as input the number of active pairs. So I set 5, after optimization, as the default number of maximum pairs to trade on. Thus, you should open webpage for each ENABLED pairs and load the script in each on them. 5 Tradingview webpage will always be active. ***
#-- Timeframe --
You can use the script for Short or Long term trading:
For Short term, you will have to use 1 or 3 minutes timeframes, depending on the volatility of the market. (What I am using)
For Long term, you will have to use 5 or 15 minutes timeframes, depending on the volatility of the market.
#-- Strategy abilities and results for more than a month of activity -- *** !!! IMPORTANT SECTION !!! ***
I have simulated the profit for the 21 ACTIVE pairs I selected has been potent with my Fractal strategy. Different maximum number of trading pairs were used in order to find the best one. The script was run for the last 46 or 30 days.
Different timeframe have been used as pairs have different volatility.
*** If you use the script, SET IT UP with the following pairs and the following timeframes. ***
-------------------------------------------------------------------------------------------------------
Parameters | Maximum number of trading pairs
-------------------------------------------------------------------------------------------------------
Timeframe | Pairs | 1 2 3 5 6 10
-------------------------------------------------------------------------------------------------------
3M | SHIB | 0 0.98 3.63 2.17 2.56 2.56
1M | SOL | 0 1.5 1.08 1.26 0 0
3M | XRP | 10.5 4.56 3.29 2.19 1.52 1.52
3M | ETH | 9.94 6.97 4.55 3.45 2.19 2.19
3M | BTC | 1.7 2.32 1.74 1.88 1.33 1.33
3M | DOT | 0 3.5 2.32 2.27 1.99 1.99
1M | DOGE | 0 0 0 3.14 1.93 1.93
1M | LUNA | 0 0 0 0.23 2.35 2.35
3M | AVAX | 8.92 0 0.53 3.63 1.17 1.17
1M | HOT | 0 0 2.12 7.96 4.69 4.69
3M | GRT | 0 -1.09 -0.82 0.25 -0.191 0
1M | LINK | 0 0 0 0 0 0
1M | CHZ | 0 0 0.4 0.85 1.89 1.91
3M | WIN | 0 0 0.52 5.89 2.8 2..8
3M | ENJ | 32.63 15.65 12.55 10.31 5.62 5.62
3M | RUNE | 0 4.68 3.42 -1.18 2.3 2.3
3M | LTC | 0 -0.06 1.1 1.29 3.49 3.49
3M | BTT | 0 0 0 0.85 1.63 1.63
3M | BCH | 0 0 0 1.36 2.36 2.36
3M | WRX | 0.26 4.66 5.36 4.29 3.01 3.01
3M | ETC | -0.92 0 0 3.6 3.31 3.56
-------------------------------------------------------------------------------------------------------
Net profit % | 63.03 43.67 37.24 55.69 45.949 43.61
Number of days | 46 30 30 46 46 46
Net profit % per day | 1.38 1.46 1.25 1.22 1.00 0.95
-------------------------------------------------------------------------------------------------------
*** Therefore, we are around more than 1% per day in each case. ***
#-- Choosing pairs --
I selected the 35 cryptocurrencies which can be exchange with EUR and evaluated the ability of my Fractal script on them. The on which have been ENABLED (true) are the best.
BINANCE:SHIBEUR | true
BINANCE:SOLEUR | true
BINANCE:XRPEUR | true
BINANCE:ETHEUR | true
BINANCE:BTCEUR | true
BINANCE:DOTEUR | true
BINANCE:ENJEUR | true
BINANCE:DOGEEUR | true
BINANCE:LUNAEUR | true
BINANCE:VETEUR | false
BINANCE:BNBEUR | false
BINANCE:AVAXEUR | true
BINANCE:HOTEUR | true
BINANCE:EGLDEUR | false
BINANCE:GRTEUR | true
BINANCE:MATICEUR | false
BINANCE:LINKEUR | true
BINANCE:CHZEUR | true
BINANCE:ICPEUR | false
BINANCE:UNIEUR | false
BINANCE:WINEUR | true
BINANCE:ADAEUR | false
BINANCE:RUNEEUR | true
BINANCE:TRXEUR | false
BINANCE:THETAEUR | false
BINANCE:EOSEUR | false
BINANCE:LTCEUR | true
BINANCE:XLMEUR | false
BINANCE:BTTEUR | true
BINANCE:SXPEUR | false
BINANCE:LAZIOEUR | false
BINANCE:YFIEUR | false
BINANCE:BCHEUR | true
BINANCE:WRXEUR | true
BINANCE:ETCEUR | true
Percentage Change strategy w/BG colorThe Percentage Change Method has historically been very effectively used by analysts on very long time horizons and very extreme percentage changes, for example a -6% or more drop in any index doesn't happen very often but it has very large implications and that much selling pressure typically leads to more selling at least for a while as a consequence of it. Similarly this can be applied to shorter time horizons. This indicator is ideal for 1min, 3min and 5min time horizons. Where I found it to be particularly helpful and one of the reasons I created it is for the market opening. If you trade the Mini Nasdaq for example and put it on a 1min setting then you can catch the changes that often happen in the first hour pretty well.
GMH : ATH 200d All-Time High Strategy for Tech Stock
In a bull market where valuation is completely neglected. For risk protect we choose a trade set up with stock that is going its break all time high.
Given All-Time High days as input parameter for strategy.
And stoploss by ema crossunder.
Should give decent profit factor for bull run.
Dynamic Fib StrategyAfter publishing many complex scripts with a myriad of inputs that were confusing for the average user, and after being told my previous publications were overfitted and not easily applied across the board...I spent the past three months working on this masterpiece.
The script is very simple to use, and it MUST be used for timeframes of 10 minutes or more. Please do not use this strategy for lower timeframes thinking that more trades is a desireable trait in a strategy. Patience is a virtue, and it doesn't matter if there are 1000 bars between trades (I am exaggerating here) all crypto is cyclical in a short timeframe of days.
The script is based on moving averages, what is different about this script is that it is the result of months of analysis of the crosses that are key indicators of the best times to trade. It also identifies crosses that indicate when a massive dump is coming and when the dump turns back into a pump. It is designed to be a long strategy with the careful identification of the dump indicators so it preserves your capital and results in a better trade approach.
At the heart of this script is the Sutte MA and the SMA, and only a subset of the settings for these are exposed for user input to keep things simple.
The second key piece of how this script works is the Fibonnaci levels. For the purposes of using this script, the first two levels (Fib 1 and Fib 2) are only for display purposes of the bands and does not affect the triggers for trading. It is only the third and fourth levels which impact the trade triggerers for buying and selling. The idea here is that the best times to execute a trade is when the price moves into the outer bands as these are typical triggers for selloffs from those suffering from FOMO.
Since I have done quite a bit of work here, I do not wish for this script to be copied and pasted into other scripts. It is my coup de grace and there is not a script like this anywhere on TradingView that delves deep into the crosses that matter.
LPB MicroCycles StrategyWhat it is:
We use the Hodrick-Prescott filter applied to the closing price, and then take the outputted trendline and apply a custom vwap, the time frame of which is based on user input, not the default 1 day vwap . Then we go long if the value 2 bars ago is greater then one bar ago. We sell and color the bars and lines when the if the value of 2 bars ago is less than one bar ago.
Also included:
GUI for backtesting
ATR Based Stop Loss
How to use:
Go long when the indicators suggest it, and use the stop losses to reduce risk.
Best if paired with a volatility measurement (inside candles, average true range , bollingerband%B)
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
AleemTalks Crypto MachineOne of best Trend Trading Systems
It Included Moving Averages
Multi Time Frame Analysis
Order blocks
Support and Resistance
To understand it completely
You can Inbox me
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.
EMA RSI ADX Scalping StrategyThis is the strategy version of my ERA Indicator. You can check my scripts if you'd like to use only study indicator.
Strategy Rules For Long Entry:
- Check if price above the set EMA (Can disable this rule if you'd like in the settings)
- RSI is in Oversold
- ADX is above set "Trend Ready" threshold (Meaning there is a trend going on)
- Price must approve the trend of previous candles. This is bullish for buy entries and bearish for sell entries.
- Enter with stop loss below last swing low with 1:1 or 1.5:1 take profit ratio.
Strategy Rules For Short Entry:
- Check if price below the set EMA (Can disable this rule if you'd like in the settings)
- RSI is in Overbought
- ADX is above set "Trend Ready" threshold (Meaning there is a trend going on)
- Price must approve the trend of previous candles. This is bullish for buy entries and bearish for sell entries.
- Enter with stop loss above last swing high with 1:1 or 1.5:1 take profit ratio. (Can be adjusted)
Features:
- You can modify a lot values to your liking.
- Choose Fixed or Trailing Stop Loss / Take Profit with detailed modifiers.
- You can connect it to bots if you'd like.
- It does NOT repaint.
- Since it's a scalping strategy recommended to use on 15 min or below timelines.
- Choose if you want to stop entry on opposite signals.
- And some other things i may not remember right now...
I tried to code this as modifiable as possible. Let me know if there are any problems you encounter. Open to suggestions as well.
Happy Trading.
Moon Phases Strategy [LuxAlgo]Trading moon phases has become quite popular among traders, believing that there exists a relationship between moon phases and market movements. This strategy is based on an estimate of moon phases with the possibility to use different methods to determine long/short positions based on moon phases.
Note that we assume moon phases are perfectly periodic with a cycle of 29.530588853 days (which is not realistically the case), as such there exists a difference between the detected moon phases by the strategy and the ones you would see. This difference becomes less important when using higher timeframes.
Settings
New Moon Reference Date: Date of a new moon to be used as starting point for the cycle calculation. Buy: Determine the condition to be used to open a long position Sell: Determine the condition to be used to open a short position
Description
The strategy can use different buy/sell conditions, these are determined in the Buy/Sell settings drop-down menu.
By default, the strategy goes long on a new moon and short on a full moon. This setup is common since full moons are said to be related to depressed mood. However, it is possible to use inverse conditions.
Users can also go long on higher moons (new moons or full moons occurring at a price that is higher than the previous one when a new/full moon occurred) and short on lower moons, this would return a trend following strategy, using the inverse conditions (buy lower moons/sell higher moons) would return a contrarian strategy.
The above chart displays the strategy using default conditions.
The above chart displays the strategy of going long on a higher moon and selling on a lower moon.
Quick Summary
We provide a quick summary of the strategy using default conditions (buy on a new moon, sell on a full moon) on various tickers using the 4h timeframe (note that using a lower timeframe would return a backtest executing a lower number of trades).
Constant position sizing is used and no frictional costs are considered.
BTCUSD
The moon phases strategy has been regularly tested with BTCUSD, with traders highlighting how moon phases tend to occur during tops/bottoms. We test the strategy from 2019-01-06 00:00.
Net Profit: $68544.86 Closed Trades : 67 % Profitability : 50.75 Max Drawdown : $18541.24 Max
TSLA
The strategy is tested from 2011-01-04 14:30
Net profit: $349.17 Closed Trades : 265 % Profitability : 54.34 Max Drawdown : $262.72
EURUSD
The strategy is tested from 2018-01-16 14:00.
Net profit: $-0.18 Closed Trades : 91 % Profitability : 50.55 Max Drawdown : 0.36
TradingGroundhog - Strategy & Wavetrend V2#-- Public Strategy - No Repaint - Fractals - Wavetrend --
Here I come with another script, a nice and simple strategy based on fractals and Wavetrends.
#-- Synopsis --
A simple idea, on a small time frame (15 min) we buy when the opening price goes below a Bottom fractals and sell when it goes over a Top fractals, but in order to avoid bad and evil downtrends, we use Wavetrends based on a Daily time frame. From it, Tops and Bottoms are extracted. If the opening price goes above Wavetrend Tops, no trades will be conducted during the day. If the price goes below Wavetrend bottoms, no trades will be executed from 1 to N days, until a new Wavetrend bottom is generated.
I developed the strategy using BTC /EUR 15 MIN BINANCE but it can be applied to many other cryptos, I don't know for forex or others. You can use it for long term and automated trading, I implemented the Wavetrend indicator to do so, or for short term if you have spot a long coming uptrend. Test it, look at its profit and long or short period on your crypto of choice.
#-- Graph reading --
And now, how to read it ?
Wavetrends:
Red Backgrounds are associated to No Trade periods. These periods occur when the price goes below a Wavetrend bottom or above a Wavetrend Top. They are here to limit the loss.
Blue Gradient lines represent the past Tops. For each bar, only the increasing values of the Wavetrend tops are acquired. Going from light to dark blue based on the age of the Tops. Thus, if on line goes from dark to light, this means the price is approaching a previous Wavetrend top. In the opposite, if it darken, thus the price say 'buy buy' and go dropping.
Yellow Gradient lines represent the past Bottoms. They are based on the same principe that the blue lines.
Fractals:
Yellow Flags occur when the opening price goes below a Bottom fractal , it means Buy.
White Flags appear when the opening price goes over a Top fractal , it means Sell.
#-- Parameters --
*** Parameters have been intensively optimized using 10 cryptocurrency markets in order to have potent efficiency for each of them. I would recommend to only change the Can Be touch parameter. For the others, I don't recommend any modifications. The idea behind the script is to be able to switch between markets without having to optimize parameters, less work, easy to target active crypto and therefor limit the risks. ***
Can be touch :
'Combined Smoothness' : The number of open individuals used by the Wavetrend. (6 or 9, often 9 is better but with less volatile crypto it will be 6)
'Filter fractals' : Activate or Disable the filtering fractal operation. If Enable, buy during less risky periods. (Disable is often better)
Can be touch but not necessary :
'VolumeMA' : The Volume corrector used by the fractals
'Extreme window' : The number of price individuals to look for if we want to remove extreme fractals.
Not to touch :
'Limit_candle to look on' : Number of candles to use to compute the Wavetrend Tops and Bottoms.
'Length top bottom drawn' : Size of the lines
'Long Sop Loss (%)' : The minimal difference of price between a Fractal bottom and the opening price to buy.
#-- Time frame --
Should be used with the following time frames depending on the necessity:
1 MIN
3 MIN (Interesting for short term profit, may need some parameter ajustements)
5 MIN
15 MIN (Preferred for long term profit, the script was developed on it)
#-- Last words --
The script can be set up to send Tradingview signals to 3comma just by adding comment = " " in strategy.close_all() and strategy.entry().
Good trades !
Disclaimer (As it should always be one to any script)
***
This script is intended for and only to be used for personal purposes only. No such information provided by it constitutes advice or a recommendation for any investment or trading strategy for any specific person. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements offered by the script. Users of the script agree that its original developer does not take responsibility for any of your investment decisions. Please seek professional advice before trading.
***
# Here are the results from the 1rst of July 2021 with 100% of equity on the BTC /EUR 15 Min and with a capital of 1 000 EUR.
# As I saw, it goes from +20% to more than +100% depending on the selected crypto. Sometimes it's negative but it's quite rare on crypto using the EUR.
[MAD] Level5 Backtest MK5.5First of all, this Backtest module comes WITHOUT a Strategy, only Riskmanagement
Modular L5 Backtest
For testing your own Indicators in this backtest use this script snipped below in your indicator Suite
After this you can include every L1 Indicator and test it.
todo this, select Digitalsignal @ your specific indicator as source, so the backtester can see its signals.
To have correct data at the exchange, use alarms after successful backtest on the indicator with "on candle close"
Steps of a entry, which you can see the in the screenshot:
L1 Strategy/Indicator sends "long"
buy of position setting of SL @%
after TP1 SL is set to entry
after TP2 position is closed 100%
If there a running position but in negative P/L each Signal adds up to the position + Growfactor
so a 1.0 would increase the next buy +100% 1, 2, 4, 8 .... (double up)
Shrinkfactor detecs a position is to large. If position is at average price it reduces to allowed percentage and continues
-------------------
Where to buy and how often.... has to come from your own indicator
This is the codesnipped for a external indicator to plot the signal as needed
signalout = 0
signalout := (signal_buy? 1: signal_sell? -1: 0)
BM_color_signal = signal_buy? #4C9900 : signal_sell? #CC0000: color.black
L_digital_signal = plot(signalout, title ="Digitalsignal", color=BM_color_signal, transp=0, style=plot.style_columns)
Simple Ema_ATR Strategy HulkTradingSimple EMA strategy, based on ema55+ema21 and ATR(Average True Range) and it enters a deal from ema55 when the other entry conditions are met
Basically long and short conditions
If long:
1) close must be less than open (because we are searching for a pullback)
2) emaFast(21) must be bigger than emaSlow(55) - for a trend detection
3) Difference between emaFast and emaSlow must be greater than ATR(14) - for excluding flat
For short conditions are opposite
Stop levels and take profits, based on ATR multiplier.
You can change it in input field.
I recommended values between 1 and 4, not more.
This strategy was tested on pairs BTCUSDT and ETHUSDT and have a nice results.
supertrend strategyHI,
today I have finished to study another strategy, this time I have done a supertrend with a positive backtest untill 2015 in ETH / BTC pair.
It is very simple to understand and there are only 4 parameters:
The first 2 parameters are about supertrend u can change it as u want.
The last 2 parameters are about trailing stop and target profit, personally I use target 9.6% and trail 8%.
That's all, this is a very simple and profittable strategy.
My personal setting are 4,7,8,9.6
For info write me in private
Please press like, comment or follow :)
Trend Strategy by zdmreThis Strategy is a trend following indicator. It is plotted on price and the current trend can be determined by its placement vis-a-vis price. It is constructed with just three parameters: Period, Multiplier and Entry/Exit Point with Superformula.
The default parameters are 14 for Average True Range (ATR) and 4 for its multiplier. The average true range (ATR) plays a key role in ‘Trend’ as the indicator uses ATR to compute its value and it signals the degree of price volatility. You should note that any changes to these numbers can affect the use of the Trend indicator.
While you using this indicator, you should not avoid putting your stop loss.
For a long position, you can put stop loss right at the red indicator line. For a short position, you can put it at the green indicator line. You can insert your own settings as well.
Using Trend Strategy along with a stop loss pattern is the best way for earning the best wealth in trading.
There is no best setting for any trading indicator.
Cava Signals Backtesting/VisualizerPLEASE READ THE DESCRIPTION CAREFULLY
Trying this again, as it seems I keep violating the rules unintentionally. Moderator, please forgive me as I try to make this right.
This backtesting/visualizer script was created for me to get a visual idea of the Cava Signals indicator throughout its development time and continuous optimization.
This script is to be used on the 30-minute timeframe on supported markets, and whether I can only publish strategies on regular candles, the indicator is meant to trigger on heikin ashi candles.I understand backtesting on non-regular candles produces unrealistic results, but I emphasize that this script is more for visualization purposes rather than accurate $ amounts from the trades. The signals are used along with a dedicated bot configuration, so part of the strategy is not managed by the script, but by the bot's config.
Some behind the scenes on what we are looking at:
a combination of ema and sma crosses on different time frames (5m, 15m, 30m, 60m and 90m) - we call this the wave trend
a combination of stochastic rsi on different time frames (10m, 30m)
a combination of schaff trend cycles on different time frames (5m, 20m and 30m)
a combination of money flow index on different time frames (10m and 30m)
volume information for each supported market/pair
and a couple of other info particular to each pair
With the above combination of data points, we try to optimize our strategy for an entry, for dca'ing down in case the coin goes down as well as dca'ing up to maximize profit when a coin is going up, take profit levels when we recognize a good time to do so, and of course, a closing level. I would like to emphasize the *visualization* purpose of this script in recognizing lows, highs, and market structure to identify the important levels to signal - this script is NOT to be used for accurate backtesting, but for an idea of the overall performance of when signals are triggered.
Let me try to explain the workflow and icons you see on the chart:
The colored circles on the bottom of the chart are all buy signals; each color corresponds to a particular buy signal, we have a combination of 9 possible situations that would trigger a buy signal. Some would trigger a buy signal only in combination with other buy signals or other indicators within the script. we also display a green upwards arrow below bars when a buy signal is triggered.
The colored arrows pointing down on the top of the chart are close signals. We have a combination of 5 closing criteria each color corresponds to one, just like the buy signals do. We only close a trade in profit. If not in profit, we will look to DCA down.
DCA signals are shown by the green flag above bars. they are signals to DCA up or down depending on the trade being negative or positive. DCA'ing up or down is also managed by the bot's configuration for limits on when to accept the signal.
Take Profit levels are shown by the green diamond above bars and work in conjunction with the bot's config on when to take the signal if at all and other take profit levels. Usually, when we hit the first take profit level we move our stop loss to entry via the bot's take profit safety feature. You can see this call with the close entry named TPS .
The black bars you may see on the chart is to illustrate when the market is extended based on a particular strategy. During this period we will not trigger a buy signal unless there is a huge spike in positive volume .
The green number below the bars is the total positive delta volume on the buy candles.
On the table on the right upper corner, we show some information on the market and performance of the backtesting - for visualization purposes only!
Currently, the script is tailored to work with the following markets/pairs:
Binance Spot: ADA, ALGO, ATOM, AVAX, BNB, BTC , DOT, ETH, LINK, LUNA, MATIC, SOL, VET, XRP, XTZ
Binance Futures: BTC , ETH, ADA, ALGO, ATOM, BNB, COMP, DOT, ENJ , LINK, OCEAN, OMG, SOL, VET, XMR, XRP, XTZ, AVAX, AAVE, DOGE, LTC, LUNA, MKR , NEAR, ONT, RUNE, SUSHI, LTC, XLM , COMP, ONT, THETA, FTM , EGLD , WAVES, ONE, HTN , CHZ , HOT, MANA, CRV , RVN, BAT, ANKR, 1INCH, ALICE, ATA , AXS , CHR , COTI, NKN , RAY, REN, SRM , SXP , TLM
ByBit Inverse Perpetual: BTCUSD , ETHUSD
ByBit Futures: AAVE, ADA, ALGO, AVAX, AXS , BNB, BTC , DOT, ETH, LINK, LTC, MATIC, SOL, SUSHI, UNI , XEM, XRP, XTZ
The chosen pairs are subject to change based on the best-performing assets we are constantly analyzing.
I hope this helps to understand the script, its purpose and ideas. I hope this satisfies the community rules - it was not my intention to break them - if there's anything on the above or the script that still violates the guidelines, please let me know and accept my apologies in advance.
If anyone would like to know more, let me know in the comment section.
Thank you!
Keltner Channel + DMI + EMA Strategy @DaviddTechThis strategy is a long only strategy that evolves 3 main indicators.
It is optimised for ETH USDT and LONG ONLY
Long positions :
* EMA 50 is above the EMA 400 to define our trend direction.
* Price breaks above the upper band of the the Keltner Channel.
* Confirmation is found with the DMI + being over the DMI -
Other indicators :
ADX set to above 20
The TP I put at 20% and I use Multiple TP levels.
If the price crosses and closes below the Keltner Channel lower band I close the trade.
WARNING:
- For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE.
- Plots EMAs and other values on chart.
- This script to change bars colours.
Juicy TrendThis script is simple.
It uses EMA and HMA crosses to find entries and exits.
There is an option for sourcing Heikin Ashi based entries/exits.
There is an option for Stop Loss percentage.
It is made for finding Long entries on the 45min chart.
You can optimize the signals by adjusting the moving average lengths.
The default settings are for BTC/USDT 45min.
Suggestion, reduce the Stop Loss percentage for smaller / more volatile assets.
[Fedra Algotrading Strategy]English / Spanish
Algotrading strategy optimized for cryptocurrencies. Originally conceived to trade automatically through bots (that's how I use it), it also works to get signals and trade manually in any exchange.
It works in spot. It does not repaint. Works in 15M, 30M, 1H and 4H (I prefer short periods).
Features:
Buy the dip:
Attempts to buy on the dip, finding entries when the price makes abrupt dips that break the linear regression of the last periods (default 40).
Trailing Take Profit:
Once the percentage established for the take profit is reached, the strategy follows the price if it is rising until it stops rising and only then makes the sale.
Trend Detection:
Determines whether the market is in an uptrend or downtrend by crossing 2 SMAs. This affects the performance of the strategy. This works as a filter to avoid making entries in a downtrend.
Trailing Break Even:
If the market enters a downtrend with an open trade, a Trailing Break Even is triggered, (configurable, default 1.5%). The intention is to close the trade as soon as possible, but without losses. The value of 1.5% is intended to cover commission costs and a possible spread. Like the Take Profit, the Trailing Break Even follows the price as it rises until it stops doing so before closing the trade.
How to use this strategy?
In the properties of the strategy you assign the amount you will trade (default 100), the percentage of the total capital you will use in each trade (default 100%) and the value of the commissions (default 1%).
Select the pair to trade. The strategy is optimized for trading pairs with stable coins. The strategy benefits from volatility so choosing among currencies with a market cap between 50M and 10,000M gives better profits than with top 10 currencies.
In the strategy options, disable the stoploss by setting it to 100% to be able to concentrate on the Take Profit.
With an eye on the "Net Profit" of the strategy, start with the take profit at 3% (for lower percentages there is the Break Even) and increase it 1 by 1 until determining which is the best for our pair (the one that gives us a better net profit).
Once the Take Profit is established, enable the StopLoss starting from 1 and choosing the best parameter looking for the balance that makes us feel comfortable between the Net Profit and the total of closed operations.
Test this same with candles of different periods (I trade with 15M and 30M candles).
Tip:
To trade automatically using a bot, I recommend using pairs in which the strategy has a profitability higher than 80%.
To counteract possible overfitting, when the strategy has given me a 30% profit, I recalculate the optimal parameters.
If you are interested in auromatizing it to trade on Binance, Binance US, AAX, Kucoin, Liquid, Okex, Bitfinex, Bittrex, Coinbase Pro, Gemini, HitBTC, Kraken or Poloniex, I recommend using Quadency bots, they are free and the ones I use.
This will eventually be a paid script, but you can request free access for now.
I am still working on optimizations, improvements, and more features.
DCA version coming soon.
I leave some optimizations of the spares I am trading at the moment (On 15M candles):
PAIR SL TP Bars Profit Profit Rentability
OM 3 4 96 70 2703.41% 88.57%
NU 4 3 96 81 1170.38% 86.42%
ONE 4 4 192 83 756% 91.57%
FTM 8 4 192 80 900.00% 92.50%
LUNA 3 8 192 78 410.98% 83.33%
OMG 6 4 192 72 408.75% 88.89%
FRONT 2 5 96 61 406% 85.25%
SOL 5 10 96 84 381.78% 83.33%
UTK 2 4 192 59 520.00% 88.06%
NMR 2 3 96 76 279% 80.26%
STPT 1 4 96 84 272.34% 79.76%
ROSE 5 4 96 59 478.00% 88.00%
clv 4 5 192 46 216% 78.26%
XTZ 4 6 96 87 216.00% 82.76%
C98 1 6 96 36 184.46% 80.56%
ALGO 7 4 192 61 222.00% 88.52%
ATOM 6 4 96 73 160.40% 86.30%
DOT 3 6 96 75 156.54% 84%
REEF 4 4 96 67 154.90% 85.07%
AUDIO 10 5 192 62 128.48% 83.87%
DYDX 1 10 96 20 120.76% 90%
DOT 4 6 96 77 111.33% 83.12%
KEEP 7 5 96 69 110% 87%
MINA 7 6 96 23 100.29% 86.96%
OPUL 1 5 96 18 95.26% 100%
HBAR 1 3 192 76 91.82% 81.58%
VRA/USDT 7 4 96 81 89.35% 81.48%
XEC 3 14 96 27 89.24% 85.19%
*****************************************************SPANISH*****************************************
Estrategia de Algotrading optimizada para criptomonedas. Originalmente concebida para operar de manera automática mediante bots (así la utilizo yo), funciona también para obtener señales y operar manualmente en cualquier exchange.
Funciona en spot. No repinta. Funciona en 15M, 30M, 1H y 4H (Yo prefiero periodos cortos)
Características:
Buy the dip:
Intenta comprar en el dip, encontrando entradas cuando el precio hace bajadas abruptas que rompen la regresión lineal de los últimos periodos (por defecto 40)
Trailing Take Profit:
Una vez alcanzado el porcentaje establecido para el take profit, la estrategia acompaña al precio si está en ascenso hasta que deja de subir y recién ahí realiza la venta.
Detección de Trend:
Determina si el mercado tiene una tendencia alcista o bajista mediante el cruce de 2 SMAs. Esto afecta el funcionamiento de la estrategia. Esto funciona como filtro para evitar realizar entradas en una tendencia bajista.
Trailing Break Even:
Si el mercado entra en tendencia bajista con una operación abierta, se activa un Trailing Break Even, (configurable, por defecto 1.5%). La intención es cerrar la operación lo antes posible, pero sin pérdidas. El valor de 1.5% está pensado para cubrir los costos de comisiones y un posible spread. Al igual que el Take Profit, El Trailing Break Even acompaña al precio mientras sube hasta que deja de hacerlo antes de cerrar la operación.
Cómo utilizar esta estrategia?
En las propiedades de la estrategia se le asigna el monto con el que va a operar (por defecto 100), el porcentaje del total de capital que utilizará en cada operación (por defecto 100%) y el valor de las comisiones (por defecto 1%)
Seleccionar el par a operar. La estrategia está optimizada para operar en pares con stablecoins. La estrategia se beneficia con la volatilidad por lo que elegir entre las monedas con un market cap de entre 50M y 10.000M da mejores beneficios que con monedas del top 10
En las opciones de la estrategia, deshabilitar el stoploss configurándolo en 100% para poder concentrarnos en el Take Profit.
Con un ojo en el “Beneficio Neto” de la estrategia, comenzar con el take profit en 3% (para porcentajes menores está el Break Even) e ir aumentándolo de 1 en 1 hasta determinar cuál es el mejor para nuestro par (el que nos proporciona un major beneficio neto).
Establecido el Take Profit, habilitar el StopLoss partiendo de 1 y eligiendo el mejor parámetro buscando el equilibrio que nos haga sentir cómodos entre el Beneficio Neto y el total de operaciones cerradas.
Probar esto mismo con velas de diferentes periodos (Yo opero con velas de 15M y 30M)
Consejo:
Para operar de manera automática mediante un bot, recomiendo utilizar pares en los que la estrategia tenga una rentabilidad superior al 80%
Para contrarestar posible overfiting, cuando la estrategia me ha dado un 30% de profit, vuelvo a calcular los parámetros óptimos.
Si te interesa auromatizarla para operar en Binance, Binance US, AAX, Kucoin, Liquid, Okex, Bitfinex, Bittrex, Coinbase Pro, Gemini, HitBTC, Kraken o Poloniex, recomiendo usar los bots de Quadency, son gratiutos y los que yo utilizo.
Este será eventualmente un script pago, pero puedes solicitar acceso gratuito por ahora.
Sigo trabajando en optimizaciones, mejoras, y más funciones.
Próximamente versión DCA.
Dejo algunas optimizaciones de lo spares que yo estoy operando en este momento (En velas de 15M contra BUSD):
PAR SL TP Bars Operaciones Profit Rentabilidad
OM 3 4 96 70 2703.41% 88.57%
NU 4 3 96 81 1170.38% 86.42%
ONE 4 4 192 83 756% 91.57%
FTM 8 4 192 80 900.00% 92.50%
LUNA 3 8 192 78 410.98% 83.33%
OMG 6 4 192 72 408.75% 88.89%
FRONT 2 5 96 61 406% 85.25%
SOL 5 10 96 84 381.78% 83.33%
UTK 2 4 192 59 520.00% 88.06%
NMR 2 3 96 76 279% 80.26%
STPT 1 4 96 84 272.34% 79.76%
ROSE 5 4 96 59 478.00% 88.00%
clv 4 5 192 46 216% 78.26%
XTZ 4 6 96 87 216.00% 82.76%
C98 1 6 96 36 184.46% 80.56%
ALGO 7 4 192 61 222.00% 88.52%
ATOM 6 4 96 73 160.40% 86.30%
DOT 3 6 96 75 156.54% 84%
REEF 4 4 96 67 154.90% 85.07%
AUDIO 10 5 192 62 128.48% 83.87%
DYDX 1 10 96 20 120.76% 90%
DOT 4 6 96 77 111.33% 83.12%
KEEP 7 5 96 69 110% 87%
MINA 7 6 96 23 100.29% 86.96%
OPUL 1 5 96 18 95.26% 100%
HBAR 1 3 192 76 91.82% 81.58%
VRA/USDT 7 4 96 81 89.35% 81.48%
XEC 3 14 96 27 89.24% 85.19%
Supertrend + Dziwne 1.2 by @DaviddTechThis strategy uses the supertrend, Dziwne and the QQE.
Take a LONG :
* When the Supertrend is green.
* Dziwne Is in a long trend in green.
* QQE is in the blue.
Take SHORT
* When the Supertrend is red.
* Dziwne Is in a long trend in red.
* QQE is in the red.
TP can use either ATR or a %
Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi”.
Please, take into account that it is a lagging indicator.
WARNING:
- For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE.
- Plots EMAs and other values on chart.
- This script to change bars colours.
PowerX Strategy BacktestThis script implements the Power X trading strategy by Markus Heitkoetter and Rockwell Trading. The strategy is described in detail in "The PowerX Strategy: How to Trade Stocks and Options in Only 15 Minutes a Day" written by Markus Heitkoetter.
The Power X trading strategy uses RSI, Slow Stochastic and MACD indicators. When RSI and Slow Stochastic are both greater than 50 and MACD crosses up the signal line, it signals an up-trend. If RSI and slow stochastic are both less than 50 and MACD crosses down the signal line, it signals a down-trend. Other conditions signal no trend. There is an official version of this indicator available: PowerX Strategy Bar Coloring OFFICIAL VERSION.
This script opens a long entry with an up-trend momentum and a short entry with down-trend momentum. Trades are exited when profit target or stop loss is reached. Profit target and stop loss are calculated based on 7 days Average Daily Range (ADR). If the momentum is lost, a trade is exited the next day. The quantity of assets to buy/sell is calculated based on the stop loss to limit the risk to a user defined percentage of the initial capital.
There is another implementation of the Power X trading strategy available by therealhaolu: Power X Strategy Back-test. However, according to the comments this script seems to have some flaws.
