NY First Candle Break and RetestStrategy Overview
Session and Time Parameters:
The strategy focuses on the New York trading session, starting at 9:30 AM and lasting for a predefined session length, typically 3 to 4 hours. This timing captures the most active market hours, providing ample trading opportunities.
Strategy Parameters:
Utilizes the Average True Range (ATR) to set dynamic stop-loss levels, ensuring risk is managed according to market volatility.
Employs a reward-to-risk ratio to determine take profit levels, aiming for a balanced approach between potential gains and losses.
Strategy Settings:
Incorporates simple moving averages (EMA) and the Volume Weighted Average Price (VWAP) to identify trend direction and price levels.
Volume confirmation is used to validate breakouts, ensuring trades are based on significant market activity.
Trade Management:
Features a trailing stop mechanism to lock in profits as the trade moves in favor, with multiple take profit levels to secure gains incrementally.
The strategy is designed to handle both long and short positions, adapting to market conditions.
Alert Settings:
Provides alerts for key events such as session start, breakout, retest, and entry signals, helping traders stay informed and act promptly.
Visual cues on the chart highlight entry and exit points, making it easier for beginners to follow the strategy.
This strategy is particularly suited for the current volatile market environment, where simplicity and clear guidelines can help beginner traders navigate the complexities of trading. It emphasizes risk management and uses straightforward indicators to make informed trading decisions.
I put together this Trading View scalping strategy for futures markets with some help from Claude AI. Shoutout to everyone who gave me advice along the way—I really appreciate it! I’m sure there’s room for improvement, so feel free to share your thoughts… just go easy on me. :)
Tìm kiếm tập lệnh với "session"
Enhanced Gold Scalping Strategy (Backtest with Time Filter)Enhanced Gold Scalping Strategy (Backtest with Time Filter)
This script is a scalping strategy designed specifically for trading gold on lower timeframes, incorporating popular technical indicators and a session filter for optimal performance. The strategy aims to achieve consistency by combining trend-following and volatility-based conditions.
Key Features:
Indicators Used:
Exponential Moving Average (EMA): Filters trades based on the trend direction using a 50-period EMA.
Relative Strength Index (RSI): Ensures trades are taken in favorable momentum conditions (above 30 for longs and below 70 for shorts).
MACD Crossover: Identifies potential trade entries based on MACD line crossing above/below the signal line.
Average True Range (ATR): Used to dynamically calculate Stop Loss and Take Profit levels and ensure trades occur in high-volatility conditions.
Risk-Reward Optimization:
The strategy uses a customizable Risk-Reward Ratio (default is 2:1) for setting Stop Loss (SL) and Take Profit (TP) levels, ensuring that winning trades outweigh losses.
Volatility Filter:
Trades are only executed when the current ATR exceeds the 14-period ATR moving average by a defined threshold, filtering out low-volatility periods.
Session Filter:
The strategy only trades during active market hours (8:00 AM to 8:00 PM Amsterdam Time) on weekdays. This ensures trades align with periods of high liquidity and market activity.
Dynamic Entry and Exit Levels:
SL and TP levels are plotted dynamically on the chart to provide a clear visual of potential risk and reward for each trade.
Buy and Sell Signals:
Visual markers (green triangles for buy, red triangles for sell) on the chart to highlight entry points for better trade visibility.
How It Works:
Long Conditions:
MACD crossover (MACD line above the signal line).
RSI above 30.
Price is above the 50-period EMA.
ATR-based volatility condition is met.
Trade must occur within the defined session hours.
Short Conditions:
MACD crossunder (MACD line below the signal line).
RSI below 70.
Price is below the 50-period EMA.
ATR-based volatility condition is met.
Trade must occur within the defined session hours.
The strategy calculates dynamic SL and TP levels based on the ATR, ensuring flexibility to market conditions.
Customization Options:
EMA length, RSI length, and MACD parameters.
Risk-Reward Ratio for SL/TP calculations.
Volatility threshold for filtering trades.
Session start and end times for active trading hours.
Recommended Use:
Best suited for scalping gold on lower timeframes (15-min charts).
Disclaimer:
This strategy is intended for educational and backtesting purposes. Past performance is not indicative of future results. Use appropriate risk management and test thoroughly before applying to live trading.
XT Alert Builder - [CrossTrade]The XT Alert Builder is designed to work with CrossTrade and provide an easy way to create strategy entries from Indicator signal sources.
The {{strategy.order.alert_message}} variable along with your Secret Key will send CrossTrade compatible payloads for automated order execution in NinjaTrader 8.
SIGNAL SETTINGS
1. Determine your Entry Signal Source (indicator or OHLC) for both buy and sell signals independently. You can also elect to make the strategy unidirectional by unchecking one of the signal boxes.
2. Determine your Exit Signal Type. The default is Custom which means you're using some kind of input for this like an indicator. Optionally, you can select 'Session End' which will delay the strategy exit until the last bar of the session based n the Trading End Hour/Minute you set in your Trading Hours section.
3. Determine you Exit Sources for Buy and Sells. You can mix and match these inputs for ultimate customization of entries and exits - have fun!
The strategy will by default send a CLOSEPOSITION command to the instrument and account specified based on your Exit settings and time.
TRADING HOURS
Users can specify a trading session or time window to ensure signals only occur during desired hours. The Session End exit signal is based on this window.
NINJATRADER SETTINGS
1. Your NT8 Account. Separate multiple accounts by comma for multi-account placement.
2. Your preferred NT8 instrument in NT compatible format. (e.g. ES 03-25, ES MAR25)
3. Your preferred NT8 quantity
TRADE MANAGEMENT
We've provided both options, you can either use an ATM strategy template or stop loss and take profit levels. More info on Tick and Percentage based stops and targets.
Key Points for successful Trade Management settings application:
1. The ATM template name and qty must match what's saved on Ninja
2. You can choose either ticks or percentage based application - but not both.
3. The stops and target levels need to be offset based on the directional price scale. If you're buying then the stop requires a negative sign and vise versa for Sell orders.
Buy Example:
Take Profit = 50
Stop Loss = -20
CROSSTRADE ADVANCED OPTIONS
Features such as our Flatten first, Require Market Position, Delay Timer, Rate Limiting, and Max Position command enhancements have also been included. More info on these can be found in our Help Docs.
INSTUCTIONS FOR ALERT CREATION
Remove the default info provided by the strategy and then add your CrossTrade secret key and the dynamic strategy variable {{strategy.order.alert_message}}
For example:
Key=your-secret-key;
{{strategy.order.alert_message}}
Trade well,
- CrossTrade Team
Adaptive Squeeze Momentum StrategyThe Adaptive Squeeze Momentum Strategy is a versatile trading algorithm designed to capitalize on periods of low volatility that often precede significant price movements. By integrating multiple technical indicators and customizable settings, this strategy aims to identify optimal entry and exit points for both long and short positions.
Key Features:
Long/Short Trade Control:
Toggle Options: Easily enable or disable long and short trades according to your trading preferences or market conditions.
Flexible Application: Adapt the strategy for bullish, bearish, or neutral market outlooks.
Squeeze Detection Mechanism:
Bollinger Bands and Keltner Channels: Utilizes the convergence of Bollinger Bands inside Keltner Channels to detect "squeeze" conditions, indicating a potential breakout.
Dynamic Squeeze Length: Calculates the average squeeze duration to adapt to changing market volatility.
Momentum Analysis:
Linear Regression: Applies linear regression to price changes over a specified momentum length to gauge the strength and direction of momentum.
Dynamic Thresholds: Sets momentum thresholds based on standard deviations, allowing for adaptive sensitivity to market movements.
Momentum Multiplier: Adjustable setting to fine-tune the aggressiveness of momentum detection.
Trend Filtering:
Exponential Moving Average (EMA): Implements a trend filter using an EMA to align trades with the prevailing market direction.
Customizable Length: Adjust the EMA length to suit different trading timeframes and assets.
Relative Strength Index (RSI) Filtering:
Overbought/Oversold Signals: Incorporates RSI to avoid entering trades during overextended market conditions.
Adjustable Levels: Set your own RSI oversold and overbought thresholds for personalized signal generation.
Advanced Risk Management:
ATR-Based Stop Loss and Take Profit:
Adaptive Levels: Uses the Average True Range (ATR) to set stop loss and take profit points that adjust to market volatility.
Custom Multipliers: Modify ATR multipliers for both stop loss and take profit to control risk and reward ratios.
Minimum Volatility Filter: Ensures trades are only taken when market volatility exceeds a user-defined minimum, avoiding periods of low activity.
Time-Based Exit:
Holding Period Multiplier: Defines a maximum holding period based on the momentum length to reduce exposure to adverse movements.
Automatic Position Closure: Closes positions after the specified holding period is reached.
Session Filtering:
Trading Session Control: Limits trading to predefined market hours, helping to avoid illiquid periods.
Custom Session Times: Set your preferred trading session to match market openings, closings, or specific timeframes.
Visualization Tools:
Indicator Plots: Displays Bollinger Bands, Keltner Channels, and trend EMA on the chart for visual analysis.
Squeeze Signals: Marks squeeze conditions on the chart, providing clear visual cues for potential trade setups.
Customization Options:
Indicator Parameters: Fine-tune lengths and multipliers for Bollinger Bands, Keltner Channels, momentum calculation, and ATR.
Entry Filters: Choose to use trend and RSI filters to refine trade entries based on your strategy.
Risk Management Settings: Adjust stop loss, take profit, and holding periods to match your risk tolerance.
Trade Direction Control: Enable or disable long and short trades independently to align with your market strategy or compliance requirements.
Time Settings: Modify the trading session times and enable or disable the time filter as needed.
Use Cases:
Trend Traders: Benefit from aligning entries with the broader market trend while capturing breakout movements.
Swing Traders: Exploit periods of low volatility leading to significant price swings.
Risk-Averse Traders: Utilize advanced risk management features to protect capital and manage exposure.
Disclaimer:
This strategy is a tool to assist in trading decisions and should be used in conjunction with other analyses and risk management practices. Past performance is not indicative of future results. Always test the strategy thoroughly and adjust settings to suit your specific trading style and market conditions.
Candle Range Theory [Advanced] - AlgoVisionUnderstanding Candle Range Theory (CRT) in the AlgoVision Indicator
Candle Range Theory (CRT) is a structured approach to analyzing market movements within the price ranges of candlesticks. CRT is founded on the idea that each candlestick on a chart, regardless of timeframe, represents a distinct range of price action, marked by the candle's open, high, low, and close. This range gives insights into market dynamics, and when analyzed in lower timeframes, reveals patterns that indicate underlying market sentiment and institutional behaviors.
Key Concepts of Candle Range Theory
Candlestick Range: The range of a candlestick is simply the distance between its high and low. Across timeframes, this range highlights significant price behavior, with each candlestick representing a snapshot of price movement. The body (distance between open and close) shows the primary price action, while wicks (shadows) reflect price fluctuations or "noise" around this movement.
Multi-Timeframe Analysis: A higher-timeframe (HTF) candlestick can be dissected into smaller, structured price movements in lower timeframes (LTFs). By analyzing these smaller movements, traders gain a detailed view of the market’s progression within the HTF candlestick’s range. Each HTF candlestick’s high and low provide support and resistance levels on the LTF, where the price can "sweep," break out, or retest these levels.
Market Behavior within the Range: Price action within a range doesn’t move randomly; it follows structured behavior, often revealing patterns. By analyzing these patterns, CRT provides insights into the market’s intention to accumulate, manipulate, or distribute assets within these ranges. This behavior can indicate future market direction and increase the probability of accurate trading signals.
CRT and ICT Power of 3: Accumulation, Manipulation, and Distribution (AMD)
A foundational element of our CRT indicator is its combination with ICT’s Power of 3 (Accumulation, Manipulation, and Distribution or AMD). This approach identifies three stages of market movement:
Accumulation: During this phase, institutions accumulate positions within a tight price range, often leading to sideways movement. Here, price consolidates as institutions carefully enter or exit positions, erasing traces of their intent from public view.
Manipulation: Institutions often use manipulation to create false breakouts, targeting retail traders who enter the market on perceived breakouts or reversals. Manipulation is characterized by liquidity grabs, false breakouts, or stop hunts, as price momentarily moves outside the established range before quickly returning.
Distribution: Following accumulation and manipulation, the distribution phase aligns with the true market direction. Institutions now allow the market to move with the trend, initiating a stronger and more sustained price movement that aligns with their intended position.
This AMD cycle is often observed across multiple timeframes, allowing traders to refine entries and exits by identifying accumulation, manipulation, and distribution phases on smaller timeframes within the range of a higher-timeframe candle. CRT views this cycle as the "heartbeat" of the market—a continuous loop of price movements. With our indicator, you can identify this cycle on your current timeframe, with the signal candle acting as the "manipulation" candle.
How to Use the Premium AlgoVision CRT Indicator
1. Indicator Display Options
Bullish/Bearish Plot Indication: Toggles the display of bullish or bearish CRT signals. Turn this on to display signals on your chart or off to reduce screen clutter.
Order Block Indication: Highlights the order block entry price, which is the preferred entry point for CRT trades.
Purge Time Indication: Shows when the low or high of Candle 1 is purged by Candle 2, helping to identify potential manipulation points.
2. Filter Options
Match Indicator Candle with Signal: Ensures that only bullish Candle 2s (for longs) or bearish Candle 2s (for shorts) are signaled. This filter helps eliminate signals where the candlestick’s direction does not align with the CRT model.
Take Profit Already Reached: When enabled, this filter removes CRT signals if take profit levels are reached within Candle 2. This helps focus on setups where there’s still room for price movement.
Midnight Price Filter: Filters signals based on midnight price levels:
Longs: Only signals if the order block entry price is below the midnight price.
Shorts: Only signals if the order block entry price is above the midnight price.
3. Entry and Exit Settings
Wick out prevention: Allows positions to stay open and prevent getting wicked out. Positions will still be able to close if determined by the algorithm.
Buy/Sell: This allows you to set you daily bias. You can select to only see buys or sells.
Custom Stop Loss: Sets a custom stop loss distance from the entry price (e.g., $100 or $200 away) if the predefined stop loss based on Candle 2’s low/high doesn’t suit your preference.
Take Profit Levels: Choose from three take profit levels:
Optimized Take Profit: Uses an optimized take profit level based on CRT’s recommended exit point.
Take Profit 1: Sets an initial take profit level.
Take Profit 2: Sets a secondary take profit level for a more extended exit target.
Timeframe of Order Block: Select the timeframe of the order block entry, which can be tailored based on the timeframe of the CRT signal.
Risk-to-Reward Filter: Filters trades based on a specified risk-to-reward ratio, using the indicator’s stop loss as the base. This helps to ensure trades meet minimum reward criteria.
4. Risk Management
Fixed Entry QTY: This will allow you to open all positions with a fixed QTY
Risk to Reward Ratio: This allows you to set a minimum risk to reward ratio, the strategy will only take trades if this risk to reward is met.
Risk Type:
Fixed Amount: Allows you to risk a fixed $ amount.
% of account: Allows you to risk % of account equity.
5. Day and Time Filters
Filter by Days: Specify the days of the week for CRT signals to appear. For instance, you could enable signals only on Thursdays. This setting can be adjusted to any day or combination of days.
Purge Time Filter: Filters CRT signals based on specific purge times when Candle 1’s low/high is breached by Candle 2, as CRT setups are observed to work best during certain times.
Hour Filters for CRT Signals:
1-Hour CRT Times: Allows filtering CRT signals based on specific 1-hour time intervals.
4-Hour CRT Times: Filter 4-hour CRT signals based on specified times.
Forex and Futures Conversion: Adjusts times based on standard sessions for Forex (e.g., 9:00 AM 4-hour candle) and Futures (e.g., 10 PM candle for Futures or 8 AM for Crypto).
6. Currency and Asset-Specific Filters
Crypto vs. Forex Mode: This setting adjusts the indicator’s timing to match market sessions specific to either crypto or Forex/Futures, ensuring the CRT model aligns with the asset type.
Additional Notes
Backtesting Options: Adjust these to test risk management, such as risking a fixed amount or a percentage of the account, for historical performance insights.
Optimized Settings: This version includes all features and optimized settings, with the most refined data analysis.
Conclusion By combining CRT with ICT Power of 3, the AlgoVision Indicator allows traders to leverage the CRT candlestick as a versatile tool for identifying potential market moves. This method provides beginners and seasoned traders alike with a robust framework to understand market dynamics and refine trade strategies across timeframes. Setting alerts on the higher timeframe to catch bullish or bearish CRT signals allows you to plan and execute trades on the lower timeframe, aligning your strategy with the broader market flow.
Negroni Opening Range StrategyStrategy Summary:
This tool can be used to help identify breakouts from a range during a time-zone of your choosing. It plots a pre-market range, an opening range, it also includes moving average levels that can be used as confluence, as well as plotting previous day SESSION highs and lows.
There are several options on how you wish to close out the trades, all described in more detail below.
Back-testing Inputs:
You define your timezone.
You define how many trades to open on any given day.
You decide to go: long only, short only, or long & short (CAREFUL: "Long & Short" can open trades that effectively closes-out existing ones, for better AND worse!)
You define between which times the strategy will open trades.
You define when it closes any open trades (preventing overnight trades, or leaving trades open into US data times!!).
This hopefully helps make back-testing reflect YOUR trading hours.
NOTE: Renko or Heikin-Ashi charts
For ALL strategies, don’t use Renko or Heikin-Ashi charts unless you know EXACTLY the implications.
Specific to my strategy, using a renko chart can make this 85-90% profitable (I wish it was!!) Although they can be useful, renko charts don’t always capture real wicks, so the renko chart may show your trade up-only but your broker (who is not using renko!!) will have likely stopped you out on a wick somewhere along the line.
NOTE: TradingView ‘Deep backtesting’
For ALL strategies, be cynical of all backtesting (e.g. repainting issues etc) as well as ‘Deep backtesting’ results.
Specific to this strategy, the default settings here SHOULD BE OK, but unfortunately at the time of writing, we can’t see on the chart what exactly ‘deep backtesting’ is calculating. In the past I have noted a number of trades that were not closed at the end of the day, despite my ‘end of day’ trade closing being enabled, so there were big winners and losers that would not have materialized otherwise. As I say, this seems ok at these settings but just always be cynical!!
Opening Range Inputs
You define a pre-market range (example: 08:00 - 09:00).
You define an opening range (example: 09:00 - 09:30).
The strategy will give an update at the close of the opening range to let you know if the opening range has broken out the pre-market range (OR Breakout), or if it has remained inside (OR Inside). The label appears at the end of the opening range NOT at the bar that ‘broke-out’.
This is just a visual cue for you, it has no bearing on what the strategy will do.
The strategy default will trade off the pre-market range, but you can untick this if you prefer to trade off the opening range.
Opening Trades:
Strategy goes long when the bar (CLOSE) crosses-over the ‘pre-market’ high (not the ‘opening range’ high); and the time is within your trading session, and you have not maxed out your number of trades for the day!
Strategy goes short when the bar (CLOSE) crosses-under the ‘pre-market’ low (not the ‘opening range low); and the time is within your trading session, and you have not maxed out your number of trades for the day!
Remember, you can untick this if you prefer to trade off the opening range instead.
NOTES:
Using momentum indicators can help (RSI and MACD): especially to trade range plays in failed breakouts, when momentum shifts… but the strategy won’t do this for you!
Using an anchored vwap at the session open can also provide nice confluence, as well as take-profit levels at the upper/lower of 3x standard deviation.
CLOSING TRADES:
You have 6 take-profit (TP) options:
1) Full TP: uses ATR Multiplier - Full TP at the ATR parameters as defined in inputs.
2) Take Partial profits: ATR Multiplier - Takes partial profits based on parameters as defined in inputs (i.e close 40% of original trade at TP1, close another 40% of original trade at TP2, then the remainder at Full TP as set in option 1.).
3) Full TP: Trailing Stop - Applies a Trailing Stop at the number of points, as defined in inputs.
4) Full TP: MA cross - Takes profit when price crosses ‘Trend MA’ as defined in inputs.
5) Scalp: Points - closes at a set number of points, as defined in inputs.
6) Full TP: PMKT Multiplier - places a SL at opposite pre-market Hi/Low (we go long at a break-out of the pre-market high, 50% would place a SL at the pre-market range mid-point; 100% would place a SL at the pre-market low)'. This takes profit at the input set in option 1).
Initial Balance Panel Strategy for BitcoinInitial Balance Strategy
Initial Balance Strategy uses a source code of "Initial Balance Monitoring Panel" that build from "Initial Balance Markets Time Zones - Overall Highest and Lowest".
Initial Balance is based on the highest and lowest price action within the first 60 minutes of trading. Reading online this can depict which way the market can trend for the session. More information about Initial Balance Panel you can read at the end of the article.
Strategy idea
The main idea is to catch the trend move when most of the 16 Crypto pairs break the Low or High levels together. I found good results when 15 of 16 pairs is break that levels and after we manage the trade within some trail stop indicator, I choose Volatility Stop for this strategy.
Additional Strategy idea
The second one idea that was not made is to catch the pullback after fully green/red zones in Initial Balance Panel become white. That mean the main trend can be finished and we can try to catch good pullback in opposite direction.
Binance Crypto pairs
The strategy use the 16 default Crypto currencies pairs from the Binance. As additional variations of the strategy can be changing the currencies pairs and their number.
List of default pairs:
BINANCE:BTCUSDT, BINANCE:ETHUSDT, BINANCE:EOSUSDT, BINANCE:LTCUSDT, BINANCE:XRPUSDT, BINANCE:DASHUSDT, BINANCE:IOTAUSDT, BINANCE:NEOUSDT, BINANCE:QTUMUSDT, BINANCE:XMRUSDT, BINANCE:ZECUSDT, BINANCE:ETCUSDT, BINANCE:ADAUSDT, BINANCE:XTZUSDT, BINANCE:LINKUSDT, BINANCE:DOTUSDT
Summary
The strategy works very well for a buy trades with settings 15 crypto pairs of 16 that follow the trend with breaking the long initial balance level.
Initial Balance Monitoring Panel
Allows you to have an instant view of 16 Crypto pairs within a monitoring panel, monitoring Initial Balance (Asia, London, New York Stock Exchanges).
The code can easily be changed to suit the crypto pairs you are trading.
The setup of my chart would also include this indicator and the "Initial Balance Markets Time Zones - Overall Highest and Lowest" (with all IBs enabled) as shown above.
Initial Balance is based on the highest and lowest price action within the first 60 minutes of trading. Reading online this can depict which way the market can trend for the session.
The indicator has been coded for Crypto (so other symbols may not work as expected).
Though Initial Balance is based off the first 60 minutes of the trading markets opening, but Crypto is 24/7, this indicator looks at how Asia, London and New York Stock Exchanges opening trading can affect Crypto price action.
Source: Initial Balance Monitoring Panel
PSAR BBPT ZLSMA BTC 1minLong entry:
PSAR gives buy signal
BBPT prints green histogram
ZLSMA is below the price
ZLSMA has uptrend
SL is smaller than the max SL
Optional Sessions and EMA filters
Short entry
PSAR gives sell signal
BBPT prints red histogram
ZLSMA is above the price
ZLSMA has downtrend
SL is smaller than the max SL
Optional Sessions and EMA filters
SL:
Placed below ZLSMA + offset on long
Placed above ZLSMA + offset on short
TP1:
1x the SL by default
Takes no profit by default, 50% is also a good setting
TP2:
2x the SL by default
Take out all remaining position size.
If price reaches TP1, the SL is set to the entry price.
APIBridge support and resistance strategy for NSE OptionsStrategy Premise:
The strategy works on the Support and Resistance . The user specifies the trigger price and the strategy will open trades as soon as the market closes after crossing the trigger price. The stoploss and target is compulsory and the trades will close if either the target or stoploss is hit or Intraday end session is reached in case of MIS (Intraday settings) or expiry is reached .
If the positional settings (NRML) has been chosen then the trades will close when either stoploss or target hits or expiry is reached
==========Consecutive trades==========
The strategy takes a long entry on call long put short setting and a short position on put long and call short settings so call long and put short entries can be taken one after another without the need of closing the one of them. Similarly put long and call short can be taken one after another.
But put long and call short can not be taken one after another with both the trades open because on tradingview closes the previous long or short when we take short or long respectively. Similarly call long and put short can not be taken one after another with both the trades open
Create Alert
Simply copy the text written in Alert Message field on the top of input section and replace everything in the message box of the alert with this text
Strategy Parameters
1. Alert Message : Copy the string in the input field and replace with the text in the message box of the alert to get the automated trades
2. Use Backtesting : Check this box to use the backtesting parameters . The backtesting parameters will only show trades between the specified intervals
3. Starting Date and Time : The strategy will only place trades after this time according to logic
4. Ending Date and Time : The strategy willonly place trades before this time according to logic
5. Segment Type : Choose the segment type . MIS is Intraday and NRML is normal cash and carry/Positional
6. Start Session : This is the session in which the strategy will take entry according to logic every day . This parameter works only with MIS and not NRML
7. Ending Session : This is the session which will square off all the open trades . This parameter works only with MIS and not NRML
8. Long : Check this box for Long/Buy Positions
9. Long Price : This is the trigger price , the strategy will Long/Buy when the price closes after crossing this line.
10. Call or Put on Long : Choose whether you want to Long/Buy Call or Put
11. Stoploss and Target type for Long : Choose from the given types
12. Long Target : specify the target
13. Stoploss Value for Long : Specify the stoploss value
14. Use TSL : Check this to use trailing stoploss
15. ATR settings : Set the atr settings to use atr based stoploss
16. Short : Check this to Short/Sell
17. Short Price : This is the trigger price , the strategy will Long/Buy when the price closes after crossing this line.
18. Call or Put on Short: Choose whether you want to Long/Buy Call or Put
19. Stoploss and Target type for Short: Choose from the given types
20. Short Target : specify the target
21. Stoploss Value for Short: Specify the stoploss value
22. Use TSL : Check this to use trailing stoploss
23. ATR settings : Set the atr settings to use atr based stoploss
24. Instrument Type : Choose the option type
25. Expiry Settings : Configure the expiry date . the strategy will not take entry after expiry
26. Symbol : Specify Symbol name if want to trade in symbol other than current chart symbol
27. Strike Type/Money Type : select the money type
28. Strike Difference : Enter the difference between the two consecutive strikes of the choosen asset
29. Strike Distance from ATM : Enter the distance of strike from ATM which you want to buy in any strike type/money type . If zero has been choosen in case of OTM/ ITM then the strike dif will used as default
30. Quantity : Specify the number of lots you want to trade
31. Strategy Tag : Specify the strategy tag you wan to use with APIBRIDGE . If left blank it will trade in the strategy tag fed in the APIBRIDGE
EMA + Williams Fractal Pullback [Trading Nerd]EMA Pullback Strategy with Williams Fractal Indicator
Backtesting script that searches for trends (long and short) and a following pullback into the EMAs. It enters on the first Williams Fractal in the desired direction. I found the Strategy on YouTube as a "M1 Scalping Strategy for Bitcoin".
Including fees the strategy is not profitalbe in lower timeframes (at least if not optimized). But it seems to work on higher timeframes as a swing traiding strategy.
Strategy Conditions
Longs:
EMA 1 > EMA 2 and EMA 2 > EMA 3
Number of need to be above the EMA 1
Then a Pullback into the EMAs is required
Enter on the first bullish Williams Fractal
Signal is canceled if the price closes below the EMA 3
Shorts:
EMA 1 < EMA 2 and EMA 2 < EMA 3
Number of need to be below the EMA 1
Then a Pullback into the EMAs is required
Enter on the first bearish Williams Fractal
Singal is canceled if the price closes above the EMA 3
Take Profit
A Risk Reward Take Profit is possible. If you want to use only a trailing Stop Loss, you can set the Take Profit to 'None'
Stop Loss
The default Stop Loss is EMA. If the Pullback has not reached the EMA 2, the Stop Loss is set to the EMA 2. If the Pullback has reached the EMA 2, the Stop Loss is set to the EMA 3.
Other Stop Loss types are available: ATR, HH/LL
Trailing Stop Loss
Available trailing Stop Loss types: ATR, HH/LL. Best practice is to also set the Stop Loss type to the same value.
The Stop Loss is updated if the value from the latest closed candle is greater/less than the previous value for a long/short trade.
Additional
Time Filter: Only opens trade in the defined Session. Open trades are still being closed outside of the Session.
Start Date/End Date: Limits the backtest for the defined Date Range
Trading Days: Only open Trades on the checked Days
Risk % per Trade: If enabled the Strategy uses X% of the capital (defined in Settings -> Properties -> Initial Capital)
Use Compound Interest: If enabled Capital is recalculated for every trade (initial capital + net Profit)
IMPORTANT: For low Timeframes and Markets with tight SL (like Forex) it requires a lower Margin Percent than default. Go to Settings->Properties and lower the required Long/Short Margin. Otherwise Trades might not be considered because of too less capital/marign. Margins can e.g. set to: 2% (Forex), 10% (Stocks), 20% (Crypto).
MTF Supertrend [Trading Nerd]Trend Trading Strategy using Supertrends
Backtesting Script that uses a multitimeframeanalysis of the Supertrend Indicator. The trend direction is determind by a higher Timeframe (TF) Supertrend. The entry Signals are given by the Supertrend of the current TF. The script is NOT repainting (the script takes the previous value of the higher TF Supertrend, if the higher TF candle is not confirmed yet).
Strategy Conditions
Longs:
The higher TF Supertrend has to be green
The current TF Supertrend change from red to green
Shorts:
The higher TF Supertrend has to be red
The current TF Supertrend change from green to red
Optional:
Option: If enabled also a trend chage of the higher TF Supertrend is a valid Entry Signal
If enabled Signals are discarded if the ADX is below the value
Take Profit
On default there is no Take Profit. You can activate a Risk Reward Based Take Profit target trough the option. Also a Partial Take Profit is possible.
Stop Loss
The default Stop Loss Strategy is a Trailing Stoploss. As trailing Price the current TF Supertrend is used.
Additional
Time Filter: Only opens trade in the defined Session. Open trades are still being closed outside of the Session.
Start Date/End Date: Limits the backtest for the defined Date Range
Trading Days: Only open Trades on the checked Days
Risk % per Trade: If enabled the Strategy uses X% of the capital (defined in Settings -> Properties -> Initial Capital)
Use Compound Interest: If enabled Capital is recalculated for every trade (initial capital + net Profit)
IMPORTANT: For low Timeframes and Markets with tight SL (like Forex) it requires a lower Margin Percent than default. Go to Settings->Properties and lower the required Long/Short Margin. Otherwise Trades might not be considered because of too less capital/marign. Margins can e.g. set to: 2% (Forex), 10% (Stocks), 20% (Crypto).
3LS | 3 Line Strike Strategy [Kintsugi Trading]What is the 3LS | 3 Line Strike Strategy?
Incorporating the 3 Line Strike candlestick pattern into our strategy was inspired by Arty at The Moving Average and the amazing traders at TheTrdFloor .
The Three Line Strike is a trend continuation candlestick pattern consisting of four candles. Depending on their heights and collocation, a bullish or a bearish trend continuation can be predicted.
In a symphony of trend analysis, price action, and volume we can find and place high-probability trades with the 3LS Strategy.
How to use it!
----- First, start by choosing a Stop-Loss Strategy, Stop PIP Size, and Risk/Reward Ratio -----
- Stop-Loss Strategy
Fixed PIP Size – This uses the top/bottom of the indicator candle and places a TP based on the chosen Risk:Reward ratio.
ATR Trail (No set Target Profit, only uses ATR Stop)
ATR Trail-Stop (Has set Target Profit, however, stop is based on ATR inputs)
**If you choose an ATR Stop-Loss Strategy - input the desired ATR period and Multiple you would like the stop to be calculated at**
**ATR Stop-Loss Strategies have a unique alert setup for Auto-Trading. See Auto-Trading Section**
- Risk/Reward Ratio = If you have a .5 risk/reward, it means you are risking $100 to make $50.
- Additional Stop PIP Size = Number of PIPs over the default stop location of the top or bottom of the indicator candle.
----- Next, we set the Session Filter -----
Set the Timezone and Trade Session you desire. If no specific session is desired, simply set the Trade Session to 00:00 - 00:00.
----- Next, we set the Moving Average Cloud Fill -----
Enter the Fast and Slow Moving Average Length used to calculate trend direction:
MA Period Fast
MA Period Slow
These inputs will determine whether the strategy looks for Long or Short positions.
----- Next, we set the VSA – Volume Spread Analysis Settings -----
Check the box to show the indicator at the bottom of the chart if desired.
This is just a different visual output of the VSA | Volume Spread Analysis indicator available for free under the community indicators tab. You can add that indicator to your chart and see the same output in candle format.
In combination with the Moving Average Cloud, the Volume Spread Analysis will help us determine when to take a trade and in what direction.
The strategy is essentially looking for small reversals going against the overall trend and placing a trade once that reversal ends and the price moves back in the direction of the overall trend.
The 3LS Strategy utilizes confirmation between trend, volume, and price action to place high probability trades.
The VSA is completely customizable by:
Moving Average Length
MA-1 Multiplier
MA-2 Multiplier
MA-3 Multiplier
Check out the VSA | Volume Spread Analysis indicator in the community scripts section under the indicators tab to use this awesome resource on other strategies.
----- Next, we have the option to view the automated KT Bull/Bear Signals -----
Check the boxes to show the buy-sell signal on the chart if desired.
----- Next, we set the risk we want to use if Auto Trading the strategy -----
I always suggest using no more than 1-3% of your total account balance per trade. Remember, if you have multiple strategies triggering per day with each using 1%, the total percent at risk will be much larger.
For Example – if you have 10 strategies each risking 1% your total risk is 10% of your account, not 1%! Be mindful to only use 1-3% of your total account balance across all strategies, not just each individual one.
----- Finally, we backtest our ideas -----
After using the 'Strategy Tester' tab on TradingView to thoroughly backtest your predictions you are ready to take it to the next level - Automated Trading!
This was my whole reason for creating the script. If you work a full-time job, live in a time zone that is hard to trade, or just don't have the patience, this will be a game-changer for you as it was for me.
Auto-Trading
When it comes to auto-trading this strategy I have included two options in the script that utilize the alert messages generated by TradingView.
*Note: Please trade on a demo account until you feel comfortable enough to use real money, and then please stick to 1%-2% of your total account value in risk per trade.*
AutoView
PineConnector
**ATR Auto-Trading Alert Setup**
How to create alerts on 3 Line Strike Strategy
For Trailing Stops:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "Order Fills Only" from the drop-down
3) Remove template message text from "message" box and place the exact text. '{{strategy.order.alert_message}}'
4) Click "create"
For Fixed Pip Stop:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "alert() function calls only"
5) I like to title my Alert Name the same thing I named it as an Indicator Template to keep track
Good luck with your trading!
Trend trader + STC [CHFIF] - CV This script is my first strategy script coupling the Trend trader (indicator developed by Andrew Abraham in the Trading the Trend article of TASC September 1998.) and Schaff Trend Cycle . The STC indicator is widely used to identify trends and their directions. It is sometimes used by traders to predict trend reversals as well. Based on the movement of the Schaff Trend Cycle , buy or sell signals are generated, which are then used by traders to initiate either long or short positions.
Around I built a user interface to help you in creating a customized strategy to your need.
My idea behind doing this was to make customizable parameters and back testing easier than manually with a lot of flexibility and options. More possibility we have, more solutions we find right? So I started this script few weeks ago to be my first script (second in reality, but first to be published.)
Strategy it self is made out of 2 simple step:
1→ STC gives a Buy/Sell signal.
2→Price is closing above the TT (Buy) or below (Sell) and the signal is the same as given by the STC .
To complete your strategy in order to reach the best result, I added few options:
→ Money management: Define the type of risk you want to take (entry risk will always risk the same percentage of your portfolio disregarding the size of the SL, Fix amount of money, fix amount of the capital (portfolio). NOTE: Margin is not coded yet, target is to show liquidation price. Please keep an eye on the releases to know when it is released.
→ Stop loss and Take profit management: Define the type of target you want to use (ATR, fixed percentage, pivots points) and even customise different take profit level or activate the trailing. Each type of target is customizable via the menu
→ Moving average: You can also complete the strategy using different moving average. To draw it tick the box on the left, to use it in the calculation of the result, tick the box "Price>MA" in front of the needed EMA . You can select different type of MA ( SMA , EMA , DEMA , TEMA , RMA, HMA , WMA , VWAP , VWMA , etc...)
→ RSI: 4 possible approach to use the RSI to complement the strategy:
• OB/OS => short position will be taken only if RSI goes under the lower limit. Long if the RSI goes above the limit. Ticking confirmation will wait to cross back the limit to validate the condition
• Rev OB/OS => Short will be taken if RSI is below lower limit and stays below. Long will be taken if RSI is above upper limit and stays above.
• MA dominance => RSI has to be above MA for long, below for short. Confirmation box ticked requires 2 bars with the RSI on a side to validate signal.
• MA Dominance + limit => It is a combination of the requirement of the provious option and also Rev. OB/OS
→ Volume confirmation => This will consider the volume MA for entry confirmation. The volume will have to be above the MA define by the value entered in the field.
→ Waddah Attar explosion indicator can also be used as a filter for entries in this way:
• Explosion line > dead zone to validate entries
• Trend > dead zone to validate entry
• Both > dead zone is a compound of both rules above to get entry confirmation
→ ADX can also be used as a filter. I added 2 Threshold in order to have a minimum level of acceptance for valid entry but also a maximum level.
When your strategy is setup, you can setup alerts and I would recommend to setup the date range before doing the alerts. Why? Simply because the script do not cover pyramiding and will give a signal only if a trade is not ongoing.
In setting up the sessions at which you would want to trade, no signal within those range can be missed. You can setup 2 sessions, the days and also the global range of backtesting.
3C MACD & RSI Scalper no repaintThis is not a set and forget strategy. It needs constant tweaking to maintain a high winrate. Also what works on one pair can be horrible on another.
This strategy works best on the 1 min or 5 min TF but also works well on the 15 min. Haven't done any testing in higher TF's as im only interested in scalping.
If enabled you can retrive data on the MACD and RSI from any timeframe.
The strategy do not repaint.
You can filter on sessions as well as days. Often trading during say only the EU times and not trading during weekends yields better results. This is because weekeds and eg. the Asia Sessions are alot less volatile.
You do not need a 3c subscription to run this strategy as the bot turns on and off the bot itself.
Instructions for the 3commas connector:
1. First, you need to prepare 3commas Long/Short bots that will only listen to custom TV signals.
2. Inputs for the 3commas bot can be found at the end of the user inputs.
3. Once you have entered the required details into the inputs, turn on 3commas comments. They should appear on the chart (looks messy).
4. Now you can add the alert where you should paste the 3commas Webhook URL: 3commas.io
5. For the alert message text insert the placeholder {{strategy.order.comment}} and delete the rest. 6. Once the alert is saved, you can turn off those 3commas comments to have a clearer chart.
7. With a new alert, the bot and trade should launch.
Long or Short trades are determined with a crossing of the fast MA over the slow MA for Long and the opposite for Short. Trades should only happen close to the crossovers.
You can select from various different MA's and of course lenghts. I often find that using HEMA as the fast MA and DEMA as the slow give more trades while also maintaining a high winrate.
Then for Long we use the MACD indicator where we look for high peaks in negative values for Long and vice versa for Shorts. These should be significantly higher than other peaks (or if you will lower peaks for a Long).
The key is to detect high peaks on the histogram, which we will try to achieve by checking if the last 2 values were higher than X bars back. If you want to make it even more specific, then you can turn on the additional checkbox which compares the current value to the average value of X bars back, and if it is greater than, say, 72% the value of the average then it's ok to enter the trade.
The RSI filter, sets the maximum RSI threshold for a long position and the minimum for a short. By default and what i recomend is that you enter Longs when RSI is above 50 and shorts when RSI are below 50.
-You can set confirmation of the trade direction with RSI, i.e. for Long the RSI must rise a specified number of bars back, vice versa for Short.
Enabling the pullback filter is great to avoid Longing tops and Shorting bottoms.
Whats ahead. I really want to incorporate RSI divergencies, but haven't figured out how yet. Any other ideas would be greatly appreciated.
Have a look at my other strategies. They are similar to this but works abit differently.
The 3 strike line and the engulfing candles are not something that has an impact on the script yet, and might never be. But i do like to turn them on for a visual to see if the trade the strategy opened is a good one.
StochRSI + MA Strategy [Kintsugi Trading]What is the StochRSI + MA Strategy?
This premium indicator was inspired by my desire to find and place high probability forex trades in any market, direction, or time of day.
Why Forex?
The Forex markets operate 24 hours, 5.5 days a week
Access to meaningful leverage
Ability to easily trade long or short
High liquidity
How to use it!
----- First, start by choosing a Stop-Loss Strategy, Stop PIP Size, and Risk/Reward Ratio -----
- Stop-Loss Strategy
ATR Trail (No set Target Profit, only uses ATR Stop)
ATR Trail-Stop (Has set Target Profit, however, stop is based on ATR inputs)
Fixed PIP Size
**If you choose an ATR Stop-Loss Strategy - input the desired ATR period and Multiple you would like the stop to be calculated at**
**ATR Stop-Loss Strategies have a unique alert setup for Auto-Trading. See Auto-Trading Section**
- Stop PIP Size = How many PIPs will be representative of the max risk. i.e. - if you are risking $100 and you set the PIP stop to 10, that means 10 PIPs = $100.
- Risk/Reward Ratio = If you have a .5 risk/reward, it means you are risking $100 to make $50.
----- Next, we set the Session Filter. -----
Set the Timezone and Trade Session you desire. If no specific session is desired, simply set the Trade Session to 00:00 - 00:00.
----- Next, we set the Moving Average Cloud. -----
Enter the Moving Average Type:
Simple Moving Average
Exponential Moving Average
Hull Moving Average
Weighted Moving Average
Smoothed Moving Average
Double Exponential Moving Average
Triple Exponential Moving Average
Enter the fast, medium, and slow Moving Average Period you would like the Strategy to use. If you would like like to use (2) Moving Averages, simply set two of the Periods the same.
These inputs will determine whether the strategy looks for Long or Short positions.
**Boxes on the left of the fast, medium, and slow Moving Average Periods**
If you check any of these boxes, the strategy will ignore and set up where the price is trading below the checked moving average.
----- Next, we set the Stochastic RSI Parameters. -----
In combination with the Moving Average Cloud, the Stochastic RSI will help us determine when to take a trade and in what direction.
The strategy is essentially looking for small reversals going against the overall trend and placing a trade once that reversal ends and the price moves back in the direction of the overall trend.
The Stochastic RSI + MA Strategy utilizes confirmation between extreme RSI calculations and the overall trend as measured by (3) separate Moving Averages.
The Stochastic RSI is completely customizable by:
Long Entry Bar Cross Below
Short Entry Bar Cross Above
K
D
RSI Length
Stochastic Length
RSI Source
----- Finally, we backtest our ideas. -----
After using the 'Strategy Tester' tab on TradingView to thoroughly backtest your predictions you are ready to take it to the next level - Automated Trading!
This was my whole reason for creating the script. If you work a full-time job, live in a time zone that is hard to trade, or just don't have the patience, this will be a game-changer for you as it was for me.
Auto-Trading
When it comes to auto-trading this strategy I have included two options in the script that utilize the alert messages generated by TradingView.
*Note: Please trade on a demo account until you feel comfortable enough to use real money, and then please stick to 1%-2% of your total account value in risk per trade.*
AutoView
PineConnector
**ATR Auto-Trading Alert Setup**
How to create alerts on Stoch+MA Strategy
For Trailing Stops:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "Order Fills Only" from the drop-down
3) Remove template message text from "message" box and place exact text. {{strategy.order.alert_message}}
4) Click "create"
For Fixed Pip Stop:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "alert() function calls only"
5) I like to title my Alert Name the same thing I named it as an Indicator Template to keep track
Good luck with your trading!
AltAlgoHello Traders ,
the AltAlgo is here! – our brand new trading multitool. It is an all-in-one backtesting and alert script based on our proprietary strategy and algorithms. Including many useful customizable features.
About one year ago we published our AltTrader Scalp & Swing indicator. We made a backtester for it named AltTrader BackTester Swing&Scalp. This pair of indicator and strategy turned out to be a great success. After one year of constant development and updates, we are proud to present to you our latest AltAlgo – our newest strategy script with the ability to send alerts! No more copying inputs from strategy to indicator to set alerts. Now you will prepare a strategy and create alerts in one script. We also added some new features.
AltAlgo is a great tool that helps you find the best possible entries for your trades. It's not a limited strategy for only some timeframe periods or assets. You can use it on Crypto, Forex, Stocks, Indices, and basically any chart that is available on TradingView. It is suitable for short-term scalping, mid-term and long-term swing trading, both spot and futures.
AltAlgo combines many algorithms to provide the best possible entry for you. It uses ATR, Supertrend, many different moving averages, and our proprietary system of rules and calculations to plot an ideal BUY or SELL signal for you, across all markets.
The main features/settings of the AltAlgo include :
Specific testing period - you can specify the start and end date to backtest, also the time
Power - the main variable responsible for the AltAlgo sensitivity and the amount of signals
AltFilters - these filters aim to detect the trend and prevent sending signals when the price consolidates
Supertrend - Multi time frame implementation of the famous Supertrend filter to follow the trend direction even more
Only long / only short mode - could be useful for spot trading or to create separate strategies for longs and shorts
COOS (close on opposite signal) - you can choose for the strategy to close open trades when an opposite signal comes in or not
Breakeven - if you want the AltAlgo to move stop loss to BE on chosen take profit level
Trailing stop-loss - it uses the moving target method for trailing from a chosen take profit level
Four levels for taking a profit - separate take profit levels for long and short direction, all calculations can be set in %, pips or ATR
DCA entry - function to improve your entry price and create an entry ZONE in case the price goes in the opposite direction
MultiMA - you can choose one of the 27 moving averages added to filter signals (above MA only BUY, below MA only SELL)
Sessions - we have predefined main trading sessions (America, Europe, Asia) or you can use custom settings based on any day of the week, any hours and time zones
External filter - you can use your own script to filter signals given by the AltAlgo
Miscellaneous - long/short trade background coloring, showing peak profit, etc.
Notice alerts – AltAlgo can send you additional alerts informing you about running trade like take profit or stop loss hits, flips, etc.
External output - you can use the AltAlgo as a signal provider for your other script
Alerts - fully customizable alerts for BUY/SELL signals, supporting entry zone (DCA), automatic ticker renaming (for example BTCUSDTPERP to BTCUSDT), and the option to add top and bottom lines of free text
As you can read, the AltAlgo is packed with lots of useful features, which make it irreplaceable in your trading journey. We put all our knowledge and experience to make this tool and we hope it would be useful for you and you make a lot of profits with it.
We also have a kind, amazing and helpful community of AltAlgo users, which help each other every day and share their knowledge and setups in their trading journey.
Strategy properties used:
Initial capital - 10000
Order size - 10%
Commission - 0.04%
Swing Multi Moving Averages Crypto and Stocks StrategySimple and efficient multi moving average strategy combined with risk management and time condition.
Indicators/ Tools used
Multi selection moving average type like SMA , EMA , SMMA , VWMA , VIDYA , FRAMA , T3 and much more
Limit 1 entry max per week, entry on monday exit on sunday or risk management tp/sl.
Rules for entry:
LONG:Close of the candle cross above the moving average while the previous close was below. All of this is happening during monday session.
SHORT:Close of the candle cross below the moving average while the previous close was above. All of this is happening during monday session.
Rules for exit:
We exit either on sunday or if we reach tp/sl levels.
Observations:
I recommend use the strategy 2 types, one for long and another for short, using different parameters since long and short movements behave differently.
For example for long we can use a shorter moving average longth and a higher tp/sl while for short we can use a bigger moving average length and a smaller tp/sl
If you have any questions let me know !
Triple EMA Scalper low lag stratHi all,
This strategy is based on the Amazing scalper for majors with risk management by SoftKill21
The change is in lines 11-20 where the sma's are replaced with Triple ema's to
lower the lag.
The original author is SoftKill21. His explanation is repeated below:
Best suited for 1M time frame and majors currency pairs.
Note that I tried it at 3M time frame.
Its made of :
Ema ( exponential moving average ) , long period 25
Ema ( exponential moving average ) Predictive, long period 50,
Ema ( exponential moving average ) Predictive, long period 100
Risk management , risking % of equity per trade using stop loss and take profits levels.
Long Entry:
When the Ema 25 cross up through the 50 Ema and 100 EMA . and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Short Entry:
When the Ema 25 cross down through the 50 Ema and 100 EMA , and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Exit:
TargetPrice: 5-10 pips
Stop loss: 9-12 pips
Amazing scalper for majors with risk managementHello,
Today I am glad to bring you an amazing simple and efficient scalper strategy.
Best suited for 1M time frame and majors currency pairs.
Its made of :
Ema (exponential moving average) , long period 25
Ema(exponential moving average) Predictive, long period 50,
Ema(exponential moving average) Predictive, long period 100
Risk management , risking % of equity per trade using stop loss and take profits levels.
Long Entry:
When the Ema 25 cross up through the 50 Ema and 100 EMA. and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Short Entry:
When the Ema 25 cross down through the 50 Ema and 100 EMA, and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Exit:
TargetPrice: 5-10 pips
Stop loss: 9-12 pips
Hope you enjoy it :)
Ruckard TradingLatinoThis strategy tries to mimic TradingLatino strategy.
The current implementation is beta.
Si hablas castellano o espanyol por favor consulta MENSAJE EN CASTELLANO más abajo.
It's aimed at BTCUSDT pair and 4h timeframe.
STRATEGY DEFAULT SETTINGS EXPLANATION
max_bars_back=5000 : This is a random number of bars so that the strategy test lasts for one or two years
calc_on_order_fills=false : To wait for the 4h closing is too much. Try to check if it's worth entering a position after closing one. I finally decided not to recheck if it's worth entering after an order is closed. So it is false.
calc_on_every_tick=false
pyramiding=0 : We only want one entry allowed in the same direction. And we don't want the order to scale by error.
initial_capital=1000 : These are 1000 USDT. By using 1% maximum loss per trade and 7% as a default stop loss by using 1000 USDT at 12000 USDT per BTC price you would entry with around 142 USDT which are converted into: 0.010 BTC . The maximum number of decimal for contracts on this BTCUSDT market is 3 decimals. E.g. the minimum might be: 0.001 BTC . So, this minimal 1000 amount ensures us not to entry with less than 0.001 entries which might have happened when using 100 USDT as an initial capital.
slippage=1 : Binance BTCUSDT mintick is: 0.01. Binance slippage: 0.1 % (Let's assume). TV has an integer slippage. It does not have a percentage based slippage. If we assume a 1000 initial capital, the recommended equity is 142 which at 11996 USDT per BTC price means: 0.011 BTC. The 0.1% slippage of: 0.011 BTC would be: 0.000011 . This is way smaller than the mintick. So our slippage is going to be 1. E.g. 1 (slippage) * 0.01 (mintick)
commission_type=strategy.commission.percent and commission_value=0.1 : According to: binance . com / en / fee / schedule in VIP 0 level both maker and taker fees are: 0.1 %.
BACKGROUND
Jaime Merino is a well known Youtuber focused on crypto trading
His channel TradingLatino
features monday to friday videos where he explains his strategy.
JAIME MERINO STANCE ON BOTS
Jaime Merino stance on bots (taken from memory out of a 2020 June video from him):
'~
You know. They can program you a bot and it might work.
But, there are some special situations that the bot would not be able to handle.
And, I, as a human, I would handle it. And the bot wouldn't do it.
~'
My long term target with this strategy script is add as many
special situations as I can to the script
so that it can match Jaime Merino behaviour even in non normal circumstances.
My alternate target is learn Pine script
and enjoy programming with it.
WARNING
This script might be bigger than other TradingView scripts.
However, please, do not be confused because the current status is beta.
This script has not been tested with real money.
This is NOT an official strategy from Jaime Merino.
This is NOT an official strategy from TradingLatino . net .
HOW IT WORKS
It basically uses ADX slope and LazyBear's Squeeze Momentum Indicator
to make its buy and sell decisions.
Fast paced EMA being bigger than slow paced EMA
(on higher timeframe) advices going long.
Fast paced EMA being smaller than slow paced EMA
(on higher timeframe) advices going short.
It finally add many substrats that TradingLatino uses.
SETTINGS
__ SETTINGS - Basics
____ SETTINGS - Basics - ADX
(ADX) Smoothing {14}
(ADX) DI Length {14}
(ADX) key level {23}
____ SETTINGS - Basics - LazyBear Squeeze Momentum
(SQZMOM) BB Length {20}
(SQZMOM) BB MultFactor {2.0}
(SQZMOM) KC Length {20}
(SQZMOM) KC MultFactor {1.5}
(SQZMOM) Use TrueRange (KC) {True}
____ SETTINGS - Basics - EMAs
(EMAS) EMA10 - Length {10}
(EMAS) EMA10 - Source {close}
(EMAS) EMA55 - Length {55}
(EMAS) EMA55 - Source {close}
____ SETTINGS - Volume Profile
Lowest and highest VPoC from last three days
is used to know if an entry has a support
VPVR of last 100 4h bars
is also taken into account
(VP) Use number of bars (not VP timeframe): Uses 'Number of bars {100}' setting instead of 'Volume Profile timeframe' setting for calculating session VPoC
(VP) Show tick difference from current price {False}: BETA . Might be useful for actions some day.
(VP) Number of bars {100}: If 'Use number of bars (not VP timeframe)' is turned on this setting is used to calculate session VPoC.
(VP) Volume Profile timeframe {1 day}: If 'Use number of bars (not VP timeframe)' is turned off this setting is used to calculate session VPoC.
(VP) Row width multiplier {0.6}: Adjust how the extra Volume Profile bars are shown in the chart.
(VP) Resistances prices number of decimal digits : Round Volume Profile bars label numbers so that they don't have so many decimals.
(VP) Number of bars for bottom VPOC {18}: 18 bars equals 3 days in suggested timeframe of 4 hours. It's used to calculate lowest session VPoC from previous three days. It's also used as a top VPOC for sells.
(VP) Ignore VPOC bottom advice on long {False}: If turned on it ignores bottom VPOC (or top VPOC on sells) when evaluating if a buy entry is worth it.
(VP) Number of bars for VPVR VPOC {100}: Number of bars to calculate the VPVR VPoC. We use 100 as Jaime once used. When the price bounces back to the EMA55 it might just bounce to this VPVR VPoC if its price it's lower than the EMA55 (Sells have inverse algorithm).
____ SETTINGS - ADX Slope
ADX Slope
help us to understand if ADX
has a positive slope, negative slope
or it is rather still.
(ADXSLOPE) ADX cut {23}: If ADX value is greater than this cut (23) then ADX has strength
(ADXSLOPE) ADX minimum steepness entry {45}: ADX slope needs to be 45 degrees to be considered as a positive one.
(ADXSLOPE) ADX minimum steepness exit {45}: ADX slope needs to be -45 degrees to be considered as a negative one.
(ADXSLOPE) ADX steepness periods {3}: In order to avoid false detection the slope is calculated along 3 periods.
____ SETTINGS - Next to EMA55
(NEXTEMA55) EMA10 to EMA55 bounce back percentage {80}: EMA10 might bounce back to EMA55 or maybe to 80% of its complete way to EMA55
(NEXTEMA55) Next to EMA55 percentage {15}: How much next to the EMA55 you need to be to consider it's going to bounce back upwards again.
____ SETTINGS - Stop Loss and Take Profit
You can set a default stop loss or a default take profit.
(STOPTAKE) Stop Loss % {7.0}
(STOPTAKE) Take Profit % {2.0}
____ SETTINGS - Trailing Take Profit
You can customize the default trailing take profit values
(TRAILING) Trailing Take Profit (%) {1.0}: Trailing take profit offset in percentage
(TRAILING) Trailing Take Profit Trigger (%) {2.0}: When 2.0% of benefit is reached then activate the trailing take profit.
____ SETTINGS - MAIN TURN ON/OFF OPTIONS
(EMAS) Ignore advice based on emas {false}.
(EMAS) Ignore advice based on emas (On closing long signal) {False}: Ignore advice based on emas but only when deciding to close a buy entry.
(SQZMOM) Ignore advice based on SQZMOM {false}: Ignores advice based on SQZMOM indicator.
(ADXSLOPE) Ignore advice based on ADX positive slope {false}
(ADXSLOPE) Ignore advice based on ADX cut (23) {true}
(STOPTAKE) Take Profit? {false}: Enables simple Take Profit.
(STOPTAKE) Stop Loss? {True}: Enables simple Stop Loss.
(TRAILING) Enable Trailing Take Profit (%) {True}: Enables Trailing Take Profit.
____ SETTINGS - Strategy mode
(STRAT) Type Strategy: 'Long and Short', 'Long Only' or 'Short Only'. Default: 'Long and Short'.
____ SETTINGS - Risk Management
(RISKM) Risk Management Type: 'Safe', 'Somewhat safe compound' or 'Unsafe compound'. ' Safe ': Calculations are always done with the initial capital (1000) in mind. The maximum losses per trade/day/week/month are taken into account. ' Somewhat safe compound ': Calculations are done with initial capital (1000) or a higher capital if it increases. The maximum losses per trade/day/week/month are taken into account. ' Unsafe compound ': In each order all the current capital is gambled and only the default stop loss per order is taken into account. That means that the maximum losses per trade/day/week/month are not taken into account. Default : 'Somewhat safe compound'.
(RISKM) Maximum loss per trade % {1.0}.
(RISKM) Maximum loss per day % {6.0}.
(RISKM) Maximum loss per week % {8.0}.
(RISKM) Maximum loss per month % {10.0}.
____ SETTINGS - Decimals
(DECIMAL) Maximum number of decimal for contracts {3}: How small (3 decimals means 0.001) an entry position might be in your exchange.
EXTRA 1 - PRICE IS IN RANGE indicator
(PRANGE) Print price is in range {False}: Enable a bottom label that indicates if the price is in range or not.
(PRANGE) Price range periods {5}: How many previous periods are used to calculate the medians
(PRANGE) Price range maximum desviation (%) {0.6} ( > 0 ): Maximum positive desviation for range detection
(PRANGE) Price range minimum desviation (%) {0.6} ( > 0 ): Mininum negative desviation for range detection
EXTRA 2 - SQUEEZE MOMENTUM Desviation indicator
(SQZDIVER) Show degrees {False}: Show degrees of each Squeeze Momentum Divergence lines to the x-axis.
(SQZDIVER) Show desviation labels {False}: Whether to show or not desviation labels for the Squeeze Momentum Divergences.
(SQZDIVER) Show desviation lines {False}: Whether to show or not desviation lines for the Squeeze Momentum Divergences.
EXTRA 3 - VOLUME PROFILE indicator
WARNING: This indicator works not on current bar but on previous bar. So in the worst case it might be VP from 4 hours ago. Don't worry, inside the strategy calculus the correct values are used. It's just that I cannot show the most recent one in the chart.
(VP) Print recent profile {False}: Show Volume Profile indicator
(VP) Avoid label price overlaps {False}: Avoid label prices to overlap on the chart.
EXTRA 4 - ZIGNALY SUPPORT
(ZIG) Zignaly Alert Type {Email}: 'Email', 'Webhook'. ' Email ': Prepare alert_message variable content to be compatible with zignaly expected email content format. ' Webhook ': Prepare alert_message variable content to be compatible with zignaly expected json content format.
EXTRA 5 - DEBUG
(DEBUG) Enable debug on order comments {False}: If set to true it prepares the order message to match the alert_message variable. It makes easier to debug what would have been sent by email or webhook on each of the times an order is triggered.
HOW TO USE THIS STRATEGY
BOT MODE: This is the default setting.
PROPER VOLUME PROFILE VIEWING: Click on this strategy settings. Properties tab. Make sure Recalculate 'each time the order was run' is turned off.
NEWBIE USER: (Check PROPER VOLUME PROFILE VIEWING above!) You might want to turn on the 'Print recent profile {False}' setting. Alternatively you can use my alternate realtime study: 'Resistances and supports based on simplified Volume Profile' but, be aware, it might consume one indicator.
ADVANCED USER 1: Turn on the 'Print price is in range {False}' setting and help us to debug this subindicator. Also help us to figure out how to include this value in the strategy.
ADVANCED USER 2: Turn on the all the (SQZDIVER) settings and help us to figure out how to include this value in the strategy.
ADVANCED USER 3: (Check PROPER VOLUME PROFILE VIEWING above!) Turn on the 'Print recent profile {False}' setting and report any problem with it.
JAIME MERINO: Just use the indicator as it comes by default. It should only show BUY signals, SELL signals and their associated closing signals. From time to time you might want to check 'ADVANCED USER 2' instructions to check that there's actually a divergence. Check also 'ADVANCED USER 1' instructions for your amusement.
EXTRA ADVICE
It's advised that you use this strategy in addition to these two other indicators:
* Squeeze Momentum Indicator
* ADX
so that your chart matches as close as possible to TradingLatino chart.
ZIGNALY INTEGRATION
This strategy supports Zignaly email integration by default. It also supports Zignaly Webhook integration.
ZIGNALY INTEGRATION - Email integration example
What you would write in your alert message:
||{{strategy.order.alert_message}}||key=MYSECRETKEY||
ZIGNALY INTEGRATION - Webhook integration example
What you would write in your alert message:
{ {{strategy.order.alert_message}} , "key" : "MYSECRETKEY" }
CREDITS
I have reused and adapted some code from
'Directional Movement Index + ADX & Keylevel Support' study
which it's from TradingView console user.
I have reused and adapted some code from
'3ema' study
which it's from TradingView hunganhnguyen1193 user.
I have reused and adapted some code from
'Squeeze Momentum Indicator ' study
which it's from TradingView LazyBear user.
I have reused and adapted some code from
'Strategy Tester EMA-SMA-RSI-MACD' study
which it's from TradingView fikira user.
I have reused and adapted some code from
'Support Resistance MTF' study
which it's from TradingView LonesomeTheBlue user.
I have reused and adapted some code from
'TF Segmented Linear Regression' study
which it's from TradingView alexgrover user.
I have reused and adapted some code from
"Poor man's volume profile" study
which it's from TradingView IldarAkhmetgaleev user.
FEEDBACK
Please check the strategy source code for more detailed information
where, among others, I explain all of the substrats
and if they are implemented or not.
Q1. Did I understand wrong any of the Jaime substrats (which I have implemented)?
Q2. The strategy yields quite profit when we should long (EMA10 from 1d timeframe is higher than EMA55 from 1d timeframe.
Why the strategy yields much less profit when we should short (EMA10 from 1d timeframe is lower than EMA55 from 1d timeframe)?
Any idea if you need to do something else rather than just reverse what Jaime does when longing?
FREQUENTLY ASKED QUESTIONS
FAQ1. Why are you giving this strategy for free?
TradingLatino and his fellow enthusiasts taught me this strategy. Now I'm giving back to them.
FAQ2. Seriously! Why are you giving this strategy for free?
I'm confident his strategy might be improved a lot. By keeping it to myself I would avoid other people contributions to improve it.
Now that everyone can contribute this is a win-win.
FAQ3. How can I connect this strategy to my Exchange account?
It seems that you can attach alerts to strategies.
You might want to combine it with a paying account which enable Webhook URLs to work.
I don't know how all of this works right now so I cannot give you advice on it.
You will have to do your own research on this subject. But, be careful. Automating trades, if not done properly,
might end on you automating losses.
FAQ4. I have just found that this strategy by default gives more than 3.97% of 'maximum series of losses'. That's unacceptable according to my risk management policy.
You might want to reduce default stop loss setting from 7% to something like 5% till you are ok with the 'maximum series of losses'.
FAQ5. Where can I learn more about your work on this strategy?
Check the source code. You might find unused strategies. Either because there's not a substantial increases on earnings. Or maybe because they have not been implemented yet.
FAQ6. How much leverage is applied in this strategy?
No leverage.
FAQ7. Any difference with original Jaime Merino strategy?
Most of the times Jaime defines an stop loss at the price entry. That's not the case here. The default stop loss is 7% (but, don't be confused it only means losing 1% of your investment thanks to risk management). There's also a trailing take profit that triggers at 2% profit with a 1% trailing.
FAQ8. Why this strategy return is so small?
The strategy should be improved a lot. And, well, backtesting in this platform is not guaranteed to return theoric results comparable to real-life returns. That's why I'm personally forward testing this strategy to verify it.
MENSAJE EN CASTELLANO
En primer lugar se agradece feedback para mejorar la estrategia.
Si eres un usuario avanzado y quieres colaborar en mejorar el script no dudes en comentar abajo.
Ten en cuenta que aunque toda esta descripción tenga que estar en inglés no es obligatorio que el comentario esté en inglés.
CHISTE - CASTELLANO
¡Pero Jaime!
¡400.000!
¡Tu da mun!
Koala System EURUSD 15minToday I bring you one of the best systems I have found for 15min chart for EURUSD, can be adapted to other pairs aswell I suppose.
Its made of 4 SMA 3 6 9 50 and EMA 200.
It only makes 1 trade per day, in this case we have a risk % of our total eqquity, being the min 0.1 lots , can be changed tho .
We target TP/SL the same 1:1 rr, in this case I use 30 pips for both., that means I risk maximum 30$ out of a total of 1000 equity , per each trade , with 3%
Entry is simple : price is below all movings averages for sell or above for buy. At the same time we check that the ma's are in ascending or descending order.
The key here is patience, never make more than one trade per day.
System always close the trade at the end of london session. Also it only works, during the london session.
Enjoy it.
OCC Futures v2Generate signals only during 2 pre-defined sessions, sessions are showed on chart in red.
RSI-RENKO Divine Strategy (Backtesting)Live, non-repainting strategy using RENKO and RSI mixed together to multiple types of long and short positions.
- Features -
Live entry direction with trade warnings and alerts
Live trade building buy and sell limits (for buy/sell limits)
Entry location icons as well as pyramid entries (to add to existing position)
Swing trades that keep you in the trade for the maximum possible profit
1 scalp target based on the RSI settings and entry location
Dynamic trailing stop for swings and scalps
Alert conditions for every update and condition change of the strategy (Provided by indicator study)
4 pre-built color themes, including candlestick coloring
This strategy is best used with the companion indicators: Renko RSI and Renko Trend Momentum using the identical RSI and Trend settings.
The linked script is identical and used solely for alerts, because Trading View still after 3 years of requesting does not provide the ability to use alert conditions inside a strategy script, only an indicator script. This strategy should be used to backtest your settings.
The approach to this strategy uses several parallel trades of different types. In order to generate multiple trade types the "pyramid trades" setting of the strategy (second tab of the settings that lets you adjust the number of pyramid contracts) should be used.
- Trade Types -
Swing: This trade is entered on the solid arrows after the RSI has become oversold or overbought. It is key that all trades wait for some degree of pullback before entering, even after the trend flips between positive and negative. This trade is held until stopped out or an opposite trade is triggered that reverses the position.
Scalp: These trades have a limit buy/sell entry and a target. The initial target is the opposing RSI overbought or oversold level and changes in real time.
Turning on/off the different trade types (strategy only) is simple done by decreasing the number of contracts used for that trade type to zero. When the quantity is set to zero, that trade is not considered.
- Session -
The session filter is used to narrow trade executions by only allowing trades that are inside the session boundaries. This can be used to isolate the London or New York session for example. The default is 24 x 7 which filters no trades (Trading View has a bug when resetting this, so simply reset the indicator to get it back to 24x7).
Please see the following 3 videos introducing the concept of this strategy.
All feature requests or bug reports are welcome either by direct messaging or comments on this page or the linked indicator page.
Please PM for access. Cheers.
