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Combo Backtest 123 Reversal & FX Sniper: T3-CCI This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy This simple indicator gives you a lot of useful information - when to enter, when to exit and how to reduce risks by entering a trade on a double confirmed signal. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect... WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
11
EMA_HMA_RSI_StrategyThis strategy BUYS when HMA is below EMA (default setting is 200) and HMA turning to green and RSI 13 is below 70 Adds to existing position when current price is below BUY price and RSI crossing above 30 or 40 Exits the long position when HMA crosses down EMA when you select Take Profit setting , partial profits are taken when current price > BUY price and RSI 13 crossing down 80 Bar color changes to purple when RSI13 is above 80 (if only in Long position exists) Tested for SPY QQQ AAPL on hourly and 30 mins chart Warning : For educational purposes only
Pine Script™ strategy
by mohanee
Combo Backtest 123 Reversal & Volatility Finite Volume ElementsThis is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy This is another version of FVE indicator that we have posted earlier in this forum. This version has an important enhancement to the previous one that`s especially useful with intraday minute charts. Due to the volatility had not been taken into account to avoid the extra complication in the formula, the previous formula has some drawbacks: The main drawback is that the constant cutoff coefficient will overestimate price changes in minute charts and underestimate corresponding changes in weekly or monthly charts. And now the indicator uses adaptive cutoff coefficient which will adjust to all time frames automatically. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
Aroon Oscillator StrategyThis is simple strategy based on Aroon Oscillator. I have found that using length 144 or 169 on hourly chart shows excellent results. Tested on SPY , QQQ and AAPL. Especially when you look at AAPL results , it has 60% profitable in recent trades. ( Dont assume this will be same for other stocks or ETFs) Aroon Oscillator setting : 169 ( 169 is square root of 13 ... you can also use fib level 144 , which is square root of 12 ) BUY When Aroon Oscillator crosses above zero line Add if Long position is already opened, and current close is less than BUY price and RSI 13 crossing above 30 line Exit when Aroon Oscialltor crosses below zero line Stop Loss default stop loss has been set to 5% Note: I have not plotted RSI to the chart. Please include RSI 13 to see how position gets added ... Also add ema 169 to see how the price is aligned with the Aroon Oscillator Warning For the educational purposes only
Pine Script™ strategy
by mohanee
9
Combo Backtest 123 Reversal & FSK (Fast and Slow Kurtosis) This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy This indicator plots the Fast & Slow Kurtosis. The Kurtosis is a market sentiment indicator. The Kurtosis is constructed from three different parts. The Kurtosis, the Fast Kurtosis(FK), and the Fast/Slow Kurtosis(FSK). WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
1
Cycles StrategyThis is back-testable strategy is a modified version of the Stochastic strategy. It is meant to accompany the modified Stochastic indicator: "Cycles". Modifications to the Stochastic strategy include; 1. Programmable settings for the Stochastic Periods (%K, %D and Smooth %K). 2. Programmable settings for the MACD Periods (Fast, Slow, Smoothing) 3. Programmable thresholds for %K, to qualify a potential entry strategy. 4. Programmable thresholds for %D, to qualify a potential exit strategy. 5. Buttons to choose which components to use in the trading algorithm. 6. Choose the month and year to back test. The trading algorithm: 1. When %K exceeds the upper/lower threshold and then hooks down/up, in the direction of the Moving Average (MA). This is the minimum entry qualification. 2. When %D exceeds the lower/upper threshold and angled in the direction of the trade, is the exit qualification. 3. Additional entry filters include the direction of MACD, Signal and %D. Also, the "cliff", being a long entry is a higher high or a short entry is a lower low. 4. Strategy can only go "Long" or "Short" depending on the selected setting. 5. By matching the settings in the "Cycles" indicator, you can (almost) see what the strategy is doing. 6. Be sure to select the "Recalculate" buttons, to recalculate on every new Tick, for best results. Please click the Like button and leave a comment if you appreciate this script. Improvements will be implemented as time goes on. I am not a licensed trade advisor. This strategy is for entertainment only. Use at your own risk!
Pine Script™ strategy
by FXEngineering
dirt cheap yet elegant RSI StrategyFor Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed. This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. This is a good way to show off a good looking strategy, atleast in paper, with minimal effort involved in the making and usage. It can be made with the most minimal lines of code if needed to bring shame unto others. It only works in a few markets and who knows if it will actually rebound from the overbought or oversold levels but in case it doesn't I put in a time-based stop to exit in case of that worst case scenario. There's not much to it, good for trolling others, or serious business, you decide.
Pine Script™ strategy
by SparkyFlary
3
Combo Backtest 123 Reversal & Fractal Chaos Oscillator This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy The value of Fractal Chaos Oscillator is calculated as the difference between the most subtle movements of the market. In general, its value moves between -1.000 and 1.000. The higher the value of the Fractal Chaos Oscillator, the more one can say that it follows a certain trend – an increase in prices trend, or a decrease in prices trend. Being an indicator expressed in a numeric value, traders say that this is an indicator that puts a value on the trendiness of the markets. When the FCO reaches a high value, they initiate the “buy” operation, contrarily when the FCO reaches a low value, they signal the “sell” action. This is an excellent indicator to use in intra-day trading. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
5
RSI on VWAP Upgraded strategyFirst of all, the idea of apply RSI to VWAP was inspired by XaviZ; at least, that where I first saw that. I simply applied the idea and searched for apply this on lower timeframe (M15) to increase the number of positions and improve the profit factor. The conditions to enter are the same : long : enter on RSI crossover oversold level short : enter on RSI crossunder oversell level To close position, I found a little change to apply : long : close position when RSI(VWAP) went in overbought zone and crossunder the overbought level OR after being at least x bars in the overbought zone (parameter is 28 by default) => when the first condition happens short : close position when RSI(VWAP) went in oversold zone and crossover the oversold level OR after being at least x bars in the oversell zone (parameter is 28 by default) => when the first condition happens With this change, I got better results specially on BTCUSDTPERP (M15) where I reach a 6.8 profit factor with 119 trades closed. Not BAD ! The defaults parameters are the best found for BTCUSDTPERP (M15), but the strategy works fine for other pairs if you take time to find the rights combinations. In this strategy you can change (with defaults in () ): RSI length (28) RSI overbought level (85) RSI oversell level (30) Number of bars before leaving as explain above (28) The choice to take longs only, shorts only or both The number of coin/token by position The start date for backtesting Please note that the script use a pyramiding parameter of 3 (can be changed in the first line of the script); that means that you can take up to 3 positions before closing. It lets you improve average enter price but increase the risk. 3 is the best I found to improve profit factor without expose myself too much. This script would be better if automated because of the conditions of buy and sell. It's only for educative purpose, not an advice to invest. All my free scripts here : fr.tradingview.com Leave a message and don't forget to follow me ;) !
Pine Script™ strategy
by Mysteriown
28
IFR2The IFR2 strategy is based on the RSI indicator. If the two period RSI is less than the overbought level (25 is the default, but you can configure it to be lower), a long position is placed at the close of the candle. If you are doing it live, you'd have to enter the market ~ 10 minutes before it closes, check the RSI, and buy if it is lower than your overbought level. This generates a discrepancy in the backtesting, but since it is a very small difference, it can be disregarded. Higher overbought levels generate more signals, but they mostly are unreliable. Lower values generates better yields, but they won't occur very often. This strategy is designed to be used in a daily graph, and I don't recommend using it in intraday periods, since you'll make too little money to compensate for the operational cost. The strategy exits when the high price of two previous candles is reached. If the exit price is higher than the closing price of when you entered, you'll be at a profit, otherwise you'll be at a loss. The exit price is plotted in the graph and it's colors depends on the current open profit: positive values will be green, negative will be red. This strategy completely disregards the current trend. Long orders will be placed even if you are at a strong down trend. This may seem odd, but you have to keep in mind that this is a volatility based strategy , not a trend following one. This setup was designed by Alexandre Wolwacz, a.k.a. Stormer.
Pine Script™ strategy
by EduardoMattje
16
Growth Producer Applicable to FTX:ETHPERP 15 min Relative volatility index (RVI) that will determine the entry and exit points only when the volatility will start to increase and Money Flow index as an additional point for entry. IMPORTANT • Input Partial take profits in your Bot settings • This is a trend strategy and works better in the trending market • We added the trend identifier using the EMA and SMA interaction • We added Take profit and stop loss levels • We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis. • RVI for the entry conditions • MFI was added for the additional entries. • Partial Take-profits
Pine Script™ strategy
by Wunderbit
7
Combo Backtest 123 Reversal & Fractal Chaos Bands This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy Stock market moves in a highly chaotic way, but at a larger scale, the movements follow a certain pattern that can be applied to shorter or longer periods of time and we can use Fractal Chaos Bands Indicator to identify those patterns. Basically, the Fractal Chaos Bands Indicator helps us to identify whether the stock market is trending or not. When a market is trending, the bands will have a slope and if market is not trending the bands will flatten out. As the slope of the bands decreases, it signifies that the market is choppy, insecure and variable. As the graph becomes more and more abrupt, be it going up or down, the significance is that the market becomes trendy, or stable. Fractal Chaos Bands Indicator is used similarly to other bands-indicator (Bollinger bands for instance), offering trading opportunities when price moves above or under the fractal lines. The FCB indicator looks back in time depending on the number of time periods trader selected to plot the indicator. The upper fractal line is made by plotting stock price highs and the lower fractal line is made by plotting stock price lows. Essentially, the Fractal Chaos Bands show an overall panorama of the price movement, as they filter out the insignificant fluctuations of the stock price. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
Configurable BB+RSI+Aroon strategy backtest for binary optionsI wanted to share this strategy that I use myself for binary options trading. After trading binary options for several years I have learned that every single day is unique... assets behave differently every single day. So, when I start the day I want to know which is the optimum combination of parameters in my indicators that will give me the signals I want during the day and I get that by doing a quick backtest of the parameters combination in a specific asset that same day. When trading Binary Options I usually do 3 or 4 trades max per day and, yes, there are moments in which even with the right backtest data the signals fail (I strongly believe that there is no strategy that guarantees 100% success in any type of trade, and this one here is not an exception - but has worked well with some assets). So, here is my contribution to improve your productivity by automating a bit that backtesting part. How this script works? It is a simple price crossunder / crossover Bollinger Bands (BB) with a confirmation from RSI overbought / oversold signals and a fast Aroon. You will see the BB plotted with its confirmations: (1) a blue circle that plots in the chart when the price is coming back inside the channel (within the Bollinger Bands) (2) an orange square that plots in the chart when the RSI is coming back from the overbought or oversold areas (3) a triangle that could be red or green depending on the Aroon confirmation: Red if Aroon Down is crossing down Aroon Up or green if vice versa. The strategy will call for long (Call) if: (1) the price is crossing over the lower band of the Bollinger Bands, coming back inside the channel (2) Aroon Up is crossing or has crossed above Aroon Down (3) RSI is crossing over the oversold limit Consequently, the strategy will call for a short (Put) if: (1) the price is crossing down the upper band of the Bollinger Bands, coming back inside the channel (2) Aroon Down is crossing or has crossed below Aroon Up (3) RSI is crossing under the overbought limit You can configure: 1. Aroon length (keep it as fast as possible: 3, 4 or 5 are recommended values) 2. The point where Aroon Up and Aroon Down cross to make the signal valid (50 is by default. It could also be 25 or 75) 3. The RSI length 4. RSI Overbought and Oversold limits (they do not need to be symmetric: you can use 29 and 93, for example) 5. Bollinger Bands length and standard deviation 6. Number of bars to keep your option open. Depending on the timeframe used, this will determine the time you will keep your binary option open. If you are in a 1 min chart and keep this parameter in 3, then you will need to configure your binary option to expire in 3 minutes. How to evaluate your backtest? In Binary Options you only need the success rate, so what I do is that when I am manually updating the parameters I keep my strategy tester window open checking the winning trades vs losing trades ratio ("Percent Profitable"). I personally will only keep an asset monitored looking for signals that day if the Percent Profitable on the backtest of the same day is above 80%. Regarding the code: it is open, public and free. No need to ask for permission if you want to copy+paste and use it in whole or parts. Happy pip hunting! -marco
Pine Script™ strategy
by MarcoJarquin
10
ADX strategy (considering ADX and +DI only )I have been checking the strategies on ADX indicator. I have found that +DI crossing above ADX line under threshold 30 and exit on crossdown when ADX above 30 has better results than just following crossovers of +DI and -DI , ADX crossing above 30 . BUY Rule ======== fast ema is above slow ema (default 13 and 55 , you can change these values in settings) +DI cross above ADX well beloe threshold level (default 30) Exit reule ======== when +DI cross down ADX , well above on threshold level Stop Loss ========= Default is set to 8% Take a look and let me know how your symbol works with this strategy Note : Bar color changes to yellow when the BUY condition is met. Bar color and Background color shows to blue --- if Long position is active fast ema and long ema doesnt print on the chart -- please add manually to the chart Warning : for the use of educational purposes only
Pine Script™ strategy
by mohanee
1
Combo Backtest 123 Reversal & Floor Pivot Points This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy The name ‘Floor-Trader Pivot,’ came from the fact that Pivot points can be calculated quickly, on the fly using price data from the previous day as an input. Although time-frames of less than a day can be used, Pivots are commonly plotted on the Daily Chart; using price data from the previous day’s trading activity. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
2
Daytrader strategies for major currenciesHello, This technique is for those who want the most simple method that is almost fool-proof. It must be done only during the busiest trading hours, 3 am to 11 am EST. This method doesn't work in sideways markets, only in volatile trending markets. Indicators: Ema 3 MA 20 Awesome Oscillator. Enter Long: when the red 3 EMA has crossed up through the middle band at the same time, the AO should be approaching or crossing it's zero line, going up. Enter Short: when the red 3 EMA has crossed down through the middle band at the same time, the AO should be approaching or crossing it's zero line, going down. In this strategy, both the entry and exit happen only during the london session.
Pine Script™ strategy
by SoftKill21
4
Wavetrend strategy with trading session for any time chartHello there Today I am glad to provide you a strategy based on the wave trend oscillator. If you want to use it as an indicator, just disable long and short to not make any shops. It works on all time frames. The way it works its like an RSI . We have overbought and oversold levels, and together with a channel and length we calculate the wave trend. And then like in RSI, when we cross those lines we buy or sell depending on which lines we cross. For risk management, so far its not implemented, but it can be done in many ways. The only thing I applied is to always close a trade at the end of friday day. At the same time it can be applied the rule to sell when % of equity is lost, or at the end of a trading session like london,neywork and so on. For any questions or doubts, let me know. Hope you enjoy it :)
Pine Script™ strategy
by SoftKill21
1
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!
Pine Script™ strategy
by ruckard
28