Tenkan-Sen is above Kijun-Sen (blue line above red line)
Price closes above both Tenkan-Sen and Kijun-Sen (price closes above both blue and red lines)
Tenkan-Sen and Kijun-Sen is above Senkou Span (both blue and red lines are above cloud)
Senkou Span is green (cloud is green)
Price pulled back and closed below both Tenkan-Sen and Kijun-Sen within last X (configurable in settings) candles (price pulled back below blue and red lines)
Short entry:
Tenkan-Sen is below Kijun-Sen (blue line below red line)
Price closes below both Tenkan-Sen and Kijun-Sen (price closes below both blue and red lines)
Tenkan-Sen and Kijun-Sen is below Senkou Span (both blue and red lines are below cloud)
Senkou Span is red (cloud is red)
Price pulled back and closed above both Tenkan-Sen and Kijun-Sen within last X (configurable in settings) candles (price pulled back above blue and red lines)
Risk management: Each trade risks 2% of account (configurable in settings) SL size determined by swing low/high of previous X candles (configurable in settings) or using the ATR override (configurable in settings) where the max of swing high/low or ATR value will be used to calculate SL TP is calculated by Risk:Reward ratio (configurable in settings)
TIPS
Timeframe: I have found best results running on anything 5M and above
Ima try now , thanks you are a real genius brooo!✌🏻✌🏻🎓
hodika
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it seems to me that the strategy enters a position with an amount greater than the current capital.
kevinmck100
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Hey @ramonpiacente, I can't seem to find that indicator. Is that the exact name?
kevinmck100
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@ramonpiacente, Unfortunately looks like it's a paid indicator. That also means I won't have access to the code so can't convert to a strategy to backtest it
yelhsab
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Hey @kevinmck100 - are you going to do anymore of these that he is putting out?? its so hard to tell which ones are legit and which ones are bullshit!!! these are so good...thank you!! that one with the luxalgo trendlines w breaks looks amazing but its repainting....any way to make that one non-repaint?
kevinmck100
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@yelhsab, I've been working on a trade management bot for the Kite ABC trading strategy (check out his YouTube) this past couple of months which has been taking most my time. That's the only strategy I'm using for real trades these days. It should be live in the next few weeks.
But I've also built out a strategy recently based on one of TradePros latest videos and I'm very impressed with the results. It's not published yet, but should be ready soon. Going to do some more testing with it, but I may start using it for real trading too.
In summary though, between manually testing and writing strategies, 90% of all the strategies promoted on YouTube are terrible and are either inaccurately backtested, or tested on a specific pair and timeframe where it produces good results, but won't ever work in the real world