Babypips: Inside Bar Momentum StrategyThe strategy contained in this post comes courtesy of babypips (.com), an excellent resource for all thing forex related. If you are new to trading, the site is definitely worth checking out!
Code commentary and an introduction to Inside Bars are available for this post on the Backtest-Rookies (.com) website.
Note: If you are interested in custom development services, please check out our services page on the Backtest-Rookies site.
Strategy Overview
Inside Bar Momentum Strategy.
Inside Bar Detection
Position sizing based on stoploss distance ( Note: Based on equity and assumes that the account currency is the counter currency.
Stop buys for entries
Takeprofit / Stoplosses for exits
Control Stopbuy, Takeprofit and Stoploss targets with inputs
Control Backtest start/end dates
Priceaction
LongBuyLongSellIndicatorHello Friends,
Here is one more very simple to use LongBuyLongSellIndicator for trading. Details are given above in the chart.Happy trading.
This indicator can be used for very long term trading in any time frame. This is designed to avoid many noise in between the trade.
This indicator does not require any additional indicator setup ;as like traders do in price action trading ,just need to follow the colors for trading .
Always remember Black to Blue transition BUY (or cover the short position)
Blue to Black transition SELL(or cover the buy position)
Do not trade in the middle and ignore other colors if appear in the chart
Other Indicator that may be useful:
BUY2SELL2BUYindicator
SELL2BUY2SELLindicator
ProfitCandleBillionWayIndicator
Access is through invite only
AGHYAD_Renko+Sniper+PAB+TZ+ICHIMOKU_V21. MUST: RENKO ATR 2 YELOOW
2. STRONG: SNIPER 8,8 BUY SIGNAL
3. WEAK: TZ 6,6 BUY SIGNAL
========= SELL =========
1. STRONG: SNIPER 8,8 SELL SIGNAL
2. WEAK: TZ 6,6 SELL SIGNAL
3. WEAK: RENKO ATR 2 RED
=========NOTE=========
RENKO > SNIPER > TZ
6 minutes ago
the sniper buy signal is now based on renko
AGHYAD_Renko+Sniper+PAB+TZ========= BUY =========
1. MUST: RENKO ATR 3 YELOOW
2. STRONG: SNIPER 8,8 BUY SIGNAL
3. WEAK: TZ 6,6 BUY SIGNAL
========= SELL =========
1. STRONG: SNIPER 8,8 SELL SIGNAL
2. WEAK: TZ 6,6 SELL SIGNAL
3. WEAK: RENKO ATR 3 RED
=========NOTE=========
RENKO > SNIPER > TZ
sonu gandla Adaptive swingssonu gandla adaptive swings is a price extreme adaptive indicator which make the trend more visible. When an asset is trending higher, it should regularly reach the upper adaptive (or very close to it), and even move past the upper adaptive on occasion. The price should also stay above the lower adaptive, and will often stay above the middle adaptive (or just barely dip below it). and as When an asset is trending lower, it should regularly reach the lower adaptive (or very close to it), and even move past it on occasion. The price should also stay below the upper adaptive , and will often stay below the middle adaptive (or just barely push above it) this is more price action oriented
YTC - Swing Highs & LowsThis Indicator Plots Swing Highs & Swing Lows based on Lance Beggs of (Your Trading Coach) definition:
A Swing High (SH) is a price bar high preceed by two lower highs (LH) and followed by two lower highs (LH)
In the event of multiple candles forming equal highs, this will still be defined as a swing high, provided that there are two candles with lower highs both preceding and following the multiple candle formation.
PA Patterns Multi tickerThe scope of this script is to work as a forex scanner of pin bars and engulfing candles of the majors.
Best to use with time frames Daily and 4h, lower timeframes gives too many results and may be noisy.
Next improvement will be:
- To display in a better way the results, but actually you have to zoom in and out if some results are overlapping.
- To add allarms (this is easy).
If you are interested in it, I could implement also for cryptos.
Please let me have your feedbacks!
[NG] Strategy: CryptoMine - v1 - Low Drawdown - Beats Buy&Hold!So, I created this strategy that works on BTCUSD 0.28% pair along with almost all ALT-BTC pairs, and ALT-USD pairs (i.e. the cryptosphere). Here are some of the considerations I had when creating this script:
- Should work on BTCUSD 0.28% , along with most ALT-BTC and ALT-USD pairs without modifying strategy parameters for individual pairs.
- Should work with several timeframes, esp -0.67% . 15m-4hr timeframes. Better if the parameters are adjusted for these timeframes, automatically.
- Should have a small MaxDrawdown. Arguably <50% for cryptos.
- Should beat buy and hold profits for the pair.
- Should have multiple modes for switching between: Higher Returns vs Lower Drawdowns, multiple Long/Short versions - one which allows me to do margin trading by using the short calls (so, LONG, SHORT and FLAT), and another one where I can use the short calls by exiting out of the market and entering when the short call ends (so, LONG and SHORT only).
- Should have proper risk management built-in. Moreover, TakeProfit and StopLoss will be defined at a fixed 20% each, which is reasonable for crypto markets. Most strategies I see on tradingview fail on this count.
After several weeks of building such a script, and testing it successfully on multiple pairs - here are the results. :)
ETHBTC
=======================================================================================
Mode 1 (LONG and SHORT only)
--------------------------------------
First Trade: 2015-08-10 09:30, Final Profit: 1474649.65%, Drawdown: 66.21%, PF: 2.149, Trades: 1059
--------------------------------------
Mode 2 (LONG, SHORT and FLAT positions)
First Trade: 2015-08-14 05:30, Final Profit: 715274.55%, Drawdown: 36.34%, PF: 2.806, Trades: 589
BTCUSD 0.28%
=======================================================================================
Mode 1 (LONG and SHORT only)
--------------------------------------
First Trade: 2015-01-03 21:30, Final Profit: 28944.04%, Drawdown: 44.87%, PF: 1.353, Trades: 1222
--------------------------------------
Mode 2 (LONG, SHORT and FLAT positions)
First Trade: 2015-01-11 13:30, Final Profit: 22522.28%, Drawdown: 27.77%, PF: 1.877, Trades: 669
NANOBNB
=======================================================================================
Mode 1 (LONG and SHORT only)
--------------------------------------
First Trade: 2018-02-04 23:30, Final Profit: 365.5%, Drawdown: 39.4%, PF: 1.967, Trades: 51
--------------------------------------
Mode 2 (LONG, SHORT and FLAT positions)
First Trade: 2015-01-11 13:30, Final Profit: 236.91%, Drawdown: 25.62%, PF: 3.692, Trades: 25
NOTE: I will not be sharing access to this script, since market saturation is a real thing. Send me an email at menikhguptacom - if you are really interested in this script.
Jeremy: Candle StrategyPrice action strategy developed for a Backtest Rookies service customer. Published for verification and acceptance.
Please visit the Backtest Rookies website if you are interested in Development services
Features
Hammer / Hanging man candle detection with variable inputs
2 position entries
2 different SL and TP ratios
Custom position sizing algorithm
Move the second position to break even once the first take profit is hit
SQ9+ : A Index Trading System(Intraday) By TruStoxHi Fellow Traders,
Around 6 months back I launched Excel based SQ9 Index Trading System(Intraday) here , With the feedback from our users the SQ9 System is updated to Tradingview for ease of charting, efficient trailing & some more fantastic features that no normal trader can have .
Please Note: SQ9+ is a full fledged trading system with defined rules to entry , exits & risk to reward management ( Check Reviews )
To know more & register for SQ9 : Click Here!
I hope this simply advanced trading system assists you in trading.
Do Visit Us @ TruStox
Enjoy & Happy Trading
#A Happy Note : SQ9+ for scripts will be launched soon..
Pegasus
Reversal price action patterns, focused on short-terms time frames (daily, weekly and monthly preferable)
Recommended for stocks, indexes and commodities
[Tutorial] RSIwings (swings) for find pyramiding entries ->hh,llThis indicator show higher high + higher low and lower high + lower low -> based on RSI modification.
HOW I USE
On a longsetup I set a buyorder on the high, if the RSI swings show red the first time. My stoploss I choose on the lowest price from the red swing before.
After every ending bar without tradeentry I move the buyorder step by step on the last high till the price move up and the longtrade start.
The same game I use for sellorder with the green swings, if I want a shortsetup. Best times for this are retracements from a trendchannel i.e.
HOW I PYRAMIDING
From swing to swing with the same color I move my stoploss. If my risk are 100 USD and with the next moving stoploss are only 60 USD in risk, then I have 40 USD for my next pyramiding trade in the same trendsetup.
WHEN I MOVE MY STOPLOSS
If I have choose a stoploss, than this is fixed till the last highest/lowest price from the other swing is broken.
Any questions? Ask me!
ITekSignal Full v1.0 Trend REVERSAL and CONTINUATION ITekSignal Trading System helps you identify trend reversals — quickly and accurately.
There’s a price action pattern that occurs in every market and on every time-frame.
This price pattern shows a fight for balance, between seller and buyers…
When the pattern is completed, that means the fight for balance has ended.
And you’d know which side has won: Seller or Buyers, Supply or Demand, Bulls or Bears.
Once ITekSignal indicator has spotted a reversal, it clearly displays these Buy or Sell alerts on your charts… showing you exactly where possible reversals may occur.
ITekSignal Indicator will draw an up/down arrow on your chart, telling you there’s a trade opportunity for you to consider. So we’d enter the market for a ride of the new trend.
The indicator is also capable of detecting CONTINUATION pattern (in addition to REVERSAL patterns)
ITekSignal indicator gives you all kinds of alerts you’ll ever need:
Trend Reversal alert & Trend Continuation alerts
Contact the Author for Subscription
@iteksignal
iteksignal@gmail.com
CB SDB HK VOL IndicatorIndicator version of designed for use with independent automation solution.
Custom development published for customer verification and acceptance.
If you are interested in development services, please visit the backtest-rookies website or message me to find out more.
Candlestick Patterns [DW]This is a simple study designed to track multiple candlestick patterns. Custom alerts included.
Movement Percentage Tracker [DW]This is a simple study designed to show the percentage of increase and decrease for each new bar or specified interval.
Custom alerts with adjustable thresholds included.
Multi-Timeframe Probability Zones [DW]This is an experimental study based on multi-timeframe price action and a simple average.
Use it to quickly identify MTF support and resistance, and high probability price levels.
NOTE: Because higher timeframe levels are not certain until the interval is closed, refresh your chart as new levels are drawn.
Kagi Overlay [DW]This is a simple study that plots kagi values over your current chart. Works with both price action and time based charting.
NOTE: Because higher timeframe values are not certain until closed, refresh your chart as new levels are drawn.
Critical Level Hybrid Strategy (private beta)*This is a private beta version. Public version coming soon.*
-This strategy is based off the MTFCLM indicator, and Kaufman Adaptive Moving Averages.
-Perform in-depth technical analysis within seconds.
-Buy and sell signals, plus custom alert script included.
Note: To see the most accurate levels displayed on the screen, refresh your chart whenever new levels are drawn.
Donchian Channel Alerts R1 by JustUncleLThis idea is based on the Donchain Channel centre line Price action. When price moves from the highest/lowest point, the price will move to the center line first. At this point, the center line acts as dynamic support/resistance and often price will bounce back up. However, if price successfully breaks the centre line (primary entry condition), then prices will tend to catch up to the bottom channel line, many times making further moves in that direction (secondary entry condition).
This script alert idea is designed to be used with Renko (10pip brick recommended) Renko or Heikin Ashi (1 hour recommended) charts. It combines the Donchian Channel centre line price action with a directional coloured EMA (default length 8) to provide entry and exit signals.
There are three options to exit trade:
MA Cross (default exit) = exit occur when price breaks EMA in opposite direction.
Centre Cross = exit occurs when price breaks back passed the centre line in opposite direction.
Brick Colour = exit when a brick/bar paints in the opposite colour to trade direction.
Each Entry and Exit signal creates an Alertcondition that can be picked up by the TradingView Alarm system.
TIPS:
This type of Trading technique only works well in a trending market. Do not try to trade this technique in a ranging/flat market, wait for market to return to trend or pick another pair.
To get 10pip Bricks set Renko to "Traditional" type bricks and 0.001 for non-JPY currency pairs and 0.1 for JPY currency pairs. Also set chart Time frame to 5min or 15mins.
Renko chart:
CM_Donchian Channels V3 revised by JustUncleLThis is a revised version of Chris Moody's "CM_Donchian Channel Modified_V2" script.
ChrisMoody:
"Modified Donchian Channel with separate adjustments for upper and lower levels. Purpose is if you expect big move up, use lower input for example 3 or 4, and longer upper input, eg. 40 - 100 and use lower input line as a stop out. Opposite if you expect big move down. Mid Line Rule in Long Example: If lower line is below entry take partial profits at Mid Line and move stop to Break even. If Lower line moves above entry price before price retraces to midline use Lower line as Stop...Opposite if Shorting."
V3 Revisions by JustUncleL 23-Aug-2017:
Change alert to use alertcondition
Upgraded to Version3 Pinescript.
Moved all breakout arrows to bottom of screen
Added bar colouring patch.
Changed some defaults.
