HFT Scalper Backtester

This strategy is a scalper strategy developed by HFT Research. Scalper is highly customizable and provides endless opportunities to find profitable setups in the market.

Use Bollinger Bands
This piece of the settings will turn and off Bollinger band’s input in the decision making. BB Length will determine the Moving average you are using to take the standard deviation off of which is named as BB Multiplier. Default settings will use 20 moving average and take standard deviation of 2 to create lower and upper bands. Increasing the Multiplier will give you fewer but safer entries.

Use Bollinger Bands %
This setting will allow the user to determine at what Bollinger band width %, he wants to take start looking to take trades. It is known that when prices are stable and moving sideways, Bollinger bands contract and it becomes more reactive to small moves in the market. Using this setting, you can ignore the signals that would be generated while Bollinger bands are contracted. This setting will allow the user to weed out the noise in the market and really allow them to make the most out of Bollinger bands .

Use RSI
You can also turn on and off the RSI as well. Alternatively, there is an option to use RSI on a different time frame than you are currently on. For example, if you are looking at the 5min chart to use Bollinger bands but you would like to look at the RSI value on the 15min chart. You can do so by selecting the custom RSI timeframe as well as adjusting the Oversold and Overbought value.

Use STOCH
For those who want extra protection on their entry can throw STOCH into their decision making. STOCH acts like RSI but it is more prone to small moves. It will help the users to get a better entry if used correctly. Stoch may not be in the buy zone when RSI is at say 35, however, if price dips a little more and STOCH might be in the buy zone when RSI is at say 20. This way it will help you have better entries than just using RSI . In a way, you can use STOCH to scalp RSI .

Use VWAP
VWAP stands for volume weighted average price . It is an extremely useful indicator when trading intra-day. It does reset every trading session which is at 00:00 UTC . Instead of looking at x number of candles and providing an average price, it will take into consideration volume that’s traded at a certain price and weigh it accordingly.

Use ADX
ADX stands for average directional index . It is an indicator that measures volatility in the market. Unfortunately, the worst market condition for this strategy is sideways market. ADX becomes a useful tool since it can detect trend. If the volatility is low and there is no real price movement, ADX will pick that up and will not let you get in trades during a sideways market. It will allow you to enter trades only when the market is trending.

Use MA Filters
Lookback: It is an option to look back x number of candles to validate the price crossing. If the market is choppy and the price keeps crossing up and down the moving average you have chosen, it will generate a lot of “noisy” signals. This option allows you to confirm the cross by selecting how many candles the price needs to stay above or below the moving average. Setting it 0 will turn it off.

MA Filter Type: There is a selection of moving averages that is available on TradingView currently. You can choose from 14 different moving average types to detect the trend as accurate as possible.

Filter Length: You can select the length of your moving average. Most commonly used length being 50,100 and 200.

Filter Type: This is our propriety smoothing method in order to make the moving averages lag less and influence the way they are calculated slightly. Type 1 being the normal calculation and type 2 being the secret sauce .

Reverse MA Filter: This option allows you to use the moving average in reverse. For example, the strategy will go long when the price is above the moving average. However, if you use the reserve MA Filter, you will go short when the price is above the moving average. This method works best in sideways market where price usually retraces back to the moving average. So in an anticipation of price reverting back to the moving average, it is a useful piece of option to use during sideway markets which is the worst market condition for scalper.

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Versionsinformation:

Changed RSI to the current chart time frame
Shorter settings and clearer Alerts

Versionsinformation:

-Changed the default settings
-Minor visual colour upgrade