Breakout Trend Follower Strategy

This strategy goes long when highs are broken and uses a trailing stop that follows swing lows. User can configure a back test date range and choose whether or not to only take trades above a selected moving average.

The desire for me to make this script was to try to capture those extreme breakouts that can occur after a consolidation/equilibrium pattern. This catches those using stop-buys as the entry. Out of all the scripts I have made thus far, this one is the one that has the best results. Time frames might vary due to commission structures, etc. I currently use this strategy on stocks on the 30-min time frame and crypto (with Coinbase's high fees) on the 2-hr time frame.
Phát hành các Ghi chú: Cleaned up the code a bit and added some tooltips to the input to help people more.
Added the ability to select a second moving average on a different time frame to act as an entry filter. So if you wanted to screen for stocks only above their 50-day MA (as an example) it will show this in the chart now on all time frames.
Added the ability to filter out trades that have poor risk/reward based on daily ATR values. As an example, the default value is if the price delta between your buy stop and sell stop is more than 1 ATR, it won't make that buy.
Phát hành các Ghi chú: Added the ability to filter out trades that are above a certain RSI level. The idea behind this filter is that you don't want to be buying breakouts when the previous bar is already overbought.
Mã nguồn mở

Với tinh thần của TradingView, tác giả đã xuất bản tập lệnh theo mã nguồn mở, vì thế trader có thể dễ dàng hiểu và tùy chỉnh được. Bạn có thể sử dụng miễn phí, hoặc tùy chỉnh lại mã đã được cấp phép bởi Quy tắc Chung. Bạn có thể sử dụng nó trên biểu đồ.

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Bình luận

Excellent work.
Phản hồi