OPEN-SOURCE SCRIPT
Entry Fragger - Strategy
Updated
For basic instructions please visit my other script "Entry Fragger".
The Signal Logic is explained there.
https://www.tradingview.com/script/UqnyZfi2-Entry-Fragger/
v1.4:
- Added advanced backtesting with fully customizable entries.
- Fully automated Buy Signals (profitable).
- Adjustable timeframes for signal logic. (requested)
Every setting affects the accuracy and profitability greatly now, based on settings applied.
The strategy performs best on high timeframes with larger capital and no leverage.
Useless for Forex, but absolutely smashes stocks and crypto on mid to high timeframes.
Please read through my other scripts description.
Set values as preferred and try your assets.
It does NOT work on low timeframes and forex!
Hint: BTC 4H, Custom Timeframe 1h, Moon Mode and Show Sell Signals enabled, R2R: 2.
Release Notes
Finalized the script. v1.5
Release Notes
Big v2 Update:Changes:
- + 50 EMA Cloud.
The script calculates the 50-period EMA and adds a cloud (upper and lower bands) based on the standard deviation of the price. The logic checks for signals in relation to the upper band of the 50 EMA cloud. - - 100 EMA.
Removed. - + Reverse Trading Mode.
Added, but in Development. (Not Recommended) - + Seperated Trade Accuracy Settings.
Accuracy can now be set for Buy and Sell signals seperately. - + Massively improved signal logic.
1. Fixed Long/Short entry and exit logic to what it should have been at release.
2. Accuracy can now be set for longs and shorts. (Lo-Hi Timeframes 1-10)
3. Strategy Logic has been improved by including EMA Cloud and mainly fixing the script in general. Signal Logic remains almost the same.
Difference in use:
None, please add the script as usual, except these:
- The backtested profitability varies a lot, based on accuracy settings and set number of "pyramiding orders".
- The script, in default mode, stacks orders in both directions and closes different portions of the total trade size based on signals, so a hedge account is necessary.
- Example setting now: BTCUSDT, 1h, Accuracy: 2-2, realistic commissions and slippage set, reverse trading off, pyramiding orders: 4.
Release Notes
v3 - Bugfixes- Fixed "Show Sell Signals" Checkbox. (Now properly displays signals)
Additional Information:
The Signal accuracy setting counts specific candles based on the number set, this should improve accuracy, but I advice against changing it randomly.
Signals can be used without strategy.
Buy -> Entry
Sell -> Exit (or Short until Buy Signal)
If pyramiding orders is >2, both Buy & Sell Signals are DCA'ing, means if multiple buy signals are printed, it enters in all of them, but closes one entry per sell signal, it does not short.
Be careful.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.