If you are searching a high win rate strategy with good profit factor ratio strategy. this one may be your choice.
Designed to be used with BTC or LTC. with 5 minute time frame or less. This BB strategy achieve win rate over 50% easily, with some tuning you can get even 60%+.
Designed to be used with BTC or LTC. with 5 minute time frame or less. This BB strategy achieve win rate over 50% easily, with some tuning you can get even 60%+.
//@version=2 strategy(title="yuthavithi BB Scalper 2 strategy", overlay=true) len = input(20, minval=1, title="Length") multiplier = input(4, minval=1, title="multiplier") trendTimeFrame = input(60, minval=1, title="Trend Time Frame") useTrendFilter = input(true, type=bool, title = "Use Trend Filter") src = input(close, title="Source") out = sma(src, len) //plot(out, title="SMA", color=blue) stdOut = stdev(close, len) bbUpper = out + stdOut * multiplier bbLower = out - stdOut * multiplier bbUpper2 = out + stdOut * (multiplier / 2) bbLower2 = out - stdOut * (multiplier / 2) bbUpperX2 = out + stdOut * multiplier * 2 bbLowerX2 = out - stdOut * multiplier * 2 bbWidth = (bbUpper - bbLower) / out closeLongTerm = security(tickerid, tostring(trendTimeFrame), close) smaLongTerm = security(tickerid, tostring(trendTimeFrame), sma(close,20)) //plot(smaLongTerm, color=red) trendUp = useTrendFilter ? (closeLongTerm > smaLongTerm) : true trendDown = useTrendFilter? (closeLongTerm < smaLongTerm) : true bearish = ((cross(close,bbUpper2) == 1) or (cross(close,out) == 1)) and (close[1] > close) and trendDown bullish = ((cross(close,bbLower2) == 1) or (cross(close,out) == 1)) and (close[1] < close) and trendUp closeBuy = (high[1] > bbUpper[1]) and (close < bbUpper) and (close < open) and trendUp closeSell = (((low[1] < bbLower[1]) and (close > bbLower)) or ((low[2] < bbLower[2]) and (close[1] > bbLower[1]))) and (close > open) and trendDown cutLossBuy = iff(bbWidth > 0.005, (low < bbLower) and (low[1] > bbLower[1]) and trendUp, (low < bbLowerX2) and (low[1] > bbLowerX2[1]) and trendUp) cutLossSell = iff(bbWidth > 0.005, (high > bbUpper) and (high[1] < bbUpper[1]) and trendDown, (high > bbUpperX2) and (high[1] < bbUpperX2[1]) and trendDown) if (bullish) strategy.entry("Buy", strategy.long, comment="Buy") if (bearish) strategy.entry("Sell", strategy.short, comment="Sell") strategy.close("Buy", closeBuy or cutLossBuy) strategy.close("Sell", closeSell or cutLossSell)