Hi thanks so much very nice work - possible to please add possibility to turn on/off custom SL? Drawdown is a bit scary :) Thanks in advance!
liuqiba
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This strategy is same as keep coin all time.
OztheWoz
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@liuqiba, If you change the timeframe and conditions, the profit factor goes down, but it turns into more of a consistent trading bot.
DanSprin24
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Why do the fractals show up late on things like us30?
OztheWoz
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@DanSprin24, Fractals are a lagging indicator, so they take some time to form. Usually you want to use fractals in conjunction with something else to help confirm a significant fractal.
cuteCode85350
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Thanks for uploading this , could you please help me to understand what is this strategy doing ?
OztheWoz
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@cuteCode85350, this strategy is entering into a trade when an RSI central pivot of 2 bars in either direction is confirmed (look up ‘RSI’ and ‘fractals’ to learn more). Then it is selling when your reach the overbought condition of RSI (which is rsi >= 80).
Simply: buy on RSI fractal, sell on RSI overbought.
cuteCode85350
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@OztheWoz, Thank you very much for the explanation , this is very good strategy . I noticed that script is not using fractdn.
OztheWoz
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@cuteCode85350, That is correct. This is because the strategy I have set up is long only based on the above coniditions.