1. The basic concept for this strategy is to use false breakout logic based on price levels. 2. We will enter a trade when the price exhibits a false breakout, where it initially breaks a level but then reverses direction. 3. The main concept of this strategy is to capitalize on false breakouts of price levels. The strategy involves building levels based on the...
Hey there, This strategy is based on the idea that certain events lead to what are called Megabars. Megabars are bars that have a very large range and volume. I wanted to verify whether these bars indicate the start of a trend and whether one should follow the trend. Summary of the Code: The code is based on three indicators: the range of the bar, the volume...
S&R Strategy with Backtest (TSO) =========================================================================== =========================================================================== This indicator serves as a comprehensive full-cycle trading system, providing alerts at each stage of the trade, from opening to closure. The algorithm initiates by calculating...
Hey there, this is my first time publishing a strategy. The strategy is based on the London Breakout Idea, an incredibly popular concept with abundant information available online. Let me summarize the London Breakout Strategy in a nutshell: It involves identifying key price levels based on the Tokyo Session before the London Session starts. Typically, these key...
The Volatility Compression Breakout strategy is designed to identify periods of low volatility followed by potential breakout opportunities in the market. It aims to capture moments when the price consolidates within a narrow range, indicating a decrease in volatility, and anticipates a subsequent expansion in price movement. This strategy is based on our...
This the premium version of my Volatility Breakout strategy, which improves significantly on the original strategy (publicly available on my profile). Improvements are below. A note about any of my premium scripts: I will continue updating and improving the original (public) versions. This strategy is not built for any specific asset or timeframe, and has been...
Wunder Breakout bot 1. Wunder Breakout bot is based on the breakout of the trend line. Breakout is a technical trading strategy that is used to determine the moment of a trend line breakout on the price chart. It is based on the assumption that when price crosses a trend line, it signals a change in trend direction and the possible start of a new price...
Open Drive is a market profile concept introduced by Jim Dalton. It occurs when the price moves directionally and persistently for the first 30 minutes from the cash market open. It is necessary to use 30-minute bars as there needs to be enough time to measure an extreme move of the cash open. This means there will be fewer trades than other strategies using...
This is a trend following system based on the Donchian Channels. Instead of using a simple moving average crossover, this system uses the MACD as the trendfilter: Long positions: * Price makes a new 50 day high, * The MACD-line crosses above or is above the Signal-line. * Both the MACD and the Signal-lines are above the zero-line. Short positions: * Price makes...
Hello traders, Let’s start with a brief description of what this strategy/indicator is and what it does and how we trade based on Alpha Candles. The definition of an Alpha Candle is that it is mathematically calculated, and significantly bigger than the previous candles. This could be a green candle or a red candle, as long as the body is significantly...
<> SOP guidelines only given to JF members . The ideas are: 1) Finding where to enter position of buying and sell. 2) Finding where is the realistic take profit target within 24 hours with maximum profits. 3) Finding Trailing STOP LOSS, Trailing Take Profit, Take Profit, STOP LOSS. Fully tested with @Binance Exchanger with numerous of stablecoins and altcoins...
This is a long-only strategy tested on LINK/USDT, 1 hour bar, from Feb 2019. The entry is determined by the breakout of upper Keltnel Channel and when the +DI is higher than 32. Instead of a fixed stop-loss from the original script , I change the exit to the middle band of the Keltnel Channel. 1st profit target will close 20% of the position. 2nd profit target...
This can be perceived as modified 3 soldiers, relaxed NR4 or even extended harami candlestick pattern. Works for any instrument and any timeframe. The idea is to find out any number of candles having their individual highs and lows, all within high and low range of base candle. The count of soldiers and if they must be of same color, both can be...
2 agitated candles falling inside ATR range, awaiting possibly a big move. Buy / Sell signals at combined high / low can be used as order with other as stop loss. Counter trade, when this minimal stop loss is hit, is also as useful. However, wait till the SL candle closes, before opening position on the other side. Works quite well on 15 mins chart, with settings...
Pivot Levels Detector is the script based on idea about breakouts of pivot levels which based on certain numbers of bars used for reaching the target and breakout the level. Working timeframes are H4 and 2D . The script works better with BTCUSD, ETHUSD, EOSBTC, AAPL, TSLA. No repainting! The script doesn't use any moving averages or other relative methods...
Easy Trend Following Strategy using Highs and Lows breakout of the last X candles to enter and exit trades. You can easily change the ENTRY and EXIT value in order to find the best settings. This strategy seems to be working well for $BTC and $ETH on the 4H and 1D. I didn't play with it too much as I am testing script to trade on the 15 minutes chart with...
It is a long only strategy. 1. Buy when price breaks out of the upper band. 2. Exit has two options. Option 1 allows you to exit using lower band. Option 2 allows you to exit using basis line. 3. Slippage and commissions are not considered in the return calculation.
Script is based on breakdown logic to allow trades to short with levarage.