The strategy uses Reversal entries with an additional condition that TR of entry bar should be at least X ATRs . This allows to filter out some false signals.
For exits, I recoded the PSAR indicator as trailing stop loss. So I start PSAR Y ATRs below the level price crossed at entry. After that PSAR behaves as usual.
For stability and easier execution, I check conditions only on the close, no stop/limit orders are used.
Also added an input for "Sign. Pivot Points ATR Mult." It allows you to filter out insignificant pivots. where high/low of pivot high/low point bar has less that this atr value to its neighbors.
In Strategy there are 2 types of Pivot Points Used:
Standard one with optional ATR filter. You can filter out pivot points where difference between PP high/low and neighbours high/low is lower then certain ATR value.
Pivot of Pivots. I use only pivots high/low points surrounded by 2 lower/higher pivot points.
Enrty happen when price closses above/below previous pivot high/low level. PSAR in that strategy works as a trailing stop loss. It starts exactly at the pivot high/low level or some distance from it (can set that in params)
ATR Length - ATR length will be used in strategy.
Type of Pivot Points - Standard or Pivots of Pivots
Pivot Left Bars - How many bars on the left from pivot point should have lower highs/ higher lows.
Pivot Right Bars - How many bars on the left from pivot point should have lower highs/ higher lows.
Sign. Pivot Points ATR Mult - Minimal difference from pivot point high/low and neighbors highs/lows
Entry Bar TR (in ATRs) - Require entry bars TR to be at least this abount of ATRs.
PSAR Start / Increment / Maximum - Standard PSAR Params
TSL Offset (In ATRs) - With what offset PSAR as TSL should start.
Strategy Side - You can select to see only Long/Short Side of Strategy
From/To Da/Month/Year - Backtesting Range for the strategy
Alerts for the strategy: