Dynamic Trendline Break - Strategy [presentTrading]

22 thg 7, 2023

- Introduction and How It Is Different
The Dynamic Trendline Break Strategy is a unique trading algorithm that leverages the power of trendlines and swing detection to identify potential trading opportunities.

Unlike traditional trendline strategies that rely on static trendlines, this strategy dynamically calculates trendlines based on pivot highs and lows.

This dynamic approach allows the strategy to adapt to changing market conditions (especially 24hr markets like Crypto) and potentially identify trading opportunities that static trendlines might miss.

BTCUSD 6hr chart


Tencent 700.HK 1D chart



- Strategy, How It Works
The strategy works by first identifying pivot highs and lows using a lookback period defined by the user. These pivot points are then used to calculate the slope of the trendlines. The slope calculation method can be chosen from three options: Average True Range (ATR), Standard Deviation (Stdev), or Linear Regression (Linreg), providing flexibility to the trader.

Once the trendlines are calculated, the strategy identifies potential trading opportunities when the price crosses over the upper trendline (for long trades) or crosses under the lower trendline (for short trades). The strategy also allows the user to define the trade direction (Long, Short, or Both) and the stop loss method (Fixed or SuperTrend).

- Trade Direction
The trade direction parameter allows the user to define the direction of the trades that the strategy will take. If set to "Long", the strategy will only take long trades when the price crosses over the upper trendline. If set to "Short", the strategy will only take short trades when the price crosses under the lower trendline. If set to "Both", the strategy will take both long and short trades.

- Usage
To use this strategy, simply input your desired parameters for the swing detection lookback, slope, slope calculation method, trade direction, stop loss method, and stop loss level. Once these parameters are set, the strategy will automatically calculate the trendlines and identify potential trading opportunities based on the defined parameters.

- Default Settings
The default settings for the strategy are as follows:
Swing Detection Lookback: 30
Slope: 0.618
Slope Calculation Method: ATR
Trade Direction: Both
Stop Loss Method: SuperTrend
Stop Loss Level: 15%
SuperTrend Factor: 3
SuperTrend Lookback: 21

These settings can be adjusted to suit your trading style and risk tolerance. Always remember to backtest any changes to the settings before live trading.

22 thg 7, 2023

Phát hành các Ghi chú

## **Introduction and How It Is Different**

In the world of trading, the Dynamic Trendline Break Strategy stands out due to its unique approach to identifying trading opportunities. Unlike traditional strategies that rely on static trendlines, this strategy dynamically calculates trendlines based on pivot highs and lows. This dynamic approach allows the strategy to adapt to changing market conditions and potentially identify trading opportunities that static trendlines might miss.

The strategy's ability to dynamically calculate trendlines allows it to adapt to changing market conditions, making it ideal for markets that are prone to sudden price movements and trend reversals. This includes markets such as Forex, commodities, and indices, as well as volatile stocks.

## **Strategy, How It Works**

The strategy works by first identifying pivot highs and lows using a lookback period defined by the user. These pivot points are then used to calculate the slope of the trendlines. The slope calculation method can be chosen from three options: Average True Range (ATR), Standard Deviation (Stdev), or Linear Regression (Linreg), providing flexibility to the trader.

Once the trendlines are calculated, the strategy identifies potential trading opportunities when the price crosses over the upper trendline (for long trades) or crosses under the lower trendline (for short trades). The strategy also allows the user to define the trade direction (Long, Short, or Both) and the stop loss method (Fixed or SuperTrend).

## **Trade Direction**

The trade direction parameter allows the user to define the direction of the trades that the strategy will take. If set to "Long", the strategy will only take long trades when the price crosses over the upper trendline. If set to "Short", the strategy will only take short trades when the price crosses under the lower trendline. If set to "Both", the strategy will take both long and short trades.

## **Usage**

To use this strategy, simply input your desired parameters for the swing detection lookback, slope, slope calculation method, trade direction, stop loss method, and stop loss level. Once these parameters are set, the strategy will automatically calculate the trendlines and identify potential trading opportunities based on the defined parameters.

## **Default Settings**

The default settings for the strategy are as follows:

- Swing Detection Lookback: 30
- Slope: 0.618
- Slope Calculation Method: ATR
- Trade Direction: Both
- Stop Loss Method: SuperTrend
- Stop Loss Level: 15%
- SuperTrend Factor: 3
- SuperTrend Lookback: 21

These settings can be adjusted to suit your trading style and risk tolerance. Always remember to backtest any changes to the settings before live trading.

In conclusion, the Dynamic Trendline Break Strategy offers a flexible and adaptive approach to trendline trading. By dynamically calculating trendlines and allowing for customizable parameters, this strategy provides a powerful tool for traders looking to capitalize on trendline breaks.

6 thg 1

Phát hành các Ghi chú

Add the alert part asked by @Cmo22.
Thanks for your words and support as well!