ChitukiProduced according to Bitcoin and Ethereum 1D, 1W, and 1M candle charts.
When you use it for general stock charts or altcoins, make sure to backtest it thoroughly before using it.
*To facilitate backtesting, this have a vertical line that allows you to easily specify the start time.😍
This indicator is simply based on the Engulfing patterns.
I focused on finding inflection points and wrote them based on 1D chart.
▲▼ Small and fat arrows: Displays simple engulfing patterns.
(Displays only those whose lengths differ by at least 1.2 times from each other)
↑↓ Slim and long arrows: Displays actual trading. (Backtesting reflects this.)
Compare the 7 lowest points to find the bullish Engulfing .
Compare the 14 highest points to find the Bearish Engulfing .
Switch the long and short positions to each other.
Long/short position entry at the market price, mid-price, and closing price of Engulfing Candles.
The charts from 2014 to January 2023 were back-tested and the error ranges were calculated and adjusted in detail.
In conclusion, you can think of it as an Engulfing Pattern Finder tailored to the Bitcoin chart.
This is how I did trading before I made this indicator, and I programmed the trading method as an indicator and I think it's pretty reliable but...
Please don't blindly trust ONLY the indicator(s).
///Properties setting Recommend///
Base currency : USD
Oder size : 18% of equity
Pyramiding : 21 (in plenty / Bcuz one deal is divided into three times.)
Commission : according to the exchange's commission
Recalculate : None
Margin : never less than 50%
1m
RMI TFM:Chart + 3D + 1W + 1M This indicator defaults to;
Period: 20
Look Back For Momentum :5
OverBought: 80
OverSold :20
of a Relative Momentum Index indicator;
1- RMI value according to the candle duration selected in the chart, (black)
2- RMI value according to pure 3D candles with the security() function, (blue)
3- With the security() function, the RMI value according to pure 1W candles, (orange)
4- With the security() function, the RMI value (Gray) according to 1M candles shows.
It also calculates RMI according to the price value you enter manually and shows or hides it according to your preference.
3C Crossover with TTP & TSLThis 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 for the filters on any TF.
The strategy do not repaint.
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. By checking Close position on MA cross the deal will close on a crossover/under of the 2 MA's
You can select from various different MA's and of course lenghts. You can add both EMA filter on any lenght aswell as ATR to determine to go long or short.
Using the MA gap can help you to not enter trades in a low volatile ranging market.
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.
Stop loss can be set be either a fixed percentage or by using ATR
Take profit can be set by using percentage, ATR or RiskReward ratio(RR). if you use ATR as a stoploss i recomend using RR as the TP.
Yu can choose to trail the TP with either Percentage or ATR
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.
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.
Mean Reversion Short / Long Oscillating strategy that does pretty well on 1M forex markets and gets you a lot of signals. Better to use after an exhaustive move or in a consolidation phase.
Stochastic RSI StrategyThis is an an adaption of Binary option 1 minute by Maxim Chechel to a strategy. I have had success with this on FCT/BTC on Poloniex.
