Strategy based on the SSL Hybrid indicator by Mihkel00 Designed for the purpose of back testing
Strategy:
Enters both long and short trades based on SSL1 crossing the baseline
Stop Loss calculated based on ATR multiplier
Option to allow moving of Stop Loss to break even on TP1
Option to turn off Stop Loss and Take Profit which will rely on indicator flip to exit from position
Take Profits configurable with up to 5 ATR multipliers and exits percentages (percentages calculated as percentages of original position size, eg. 100 tokens with 3 TPs of 20, 30, 50 would exit the same number of tokens on each TP)
What is best setting for ALICE coin in this strategy?
kevinmck100
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@skorskyy, When I wrote the script the default settings worked pretty well on ALICE. But the purpose of this being a strategy is to allow backtesting with lots of different permutations of settings so you may need to tweak to get best results on most recent price data. But of course the main problem with a backtesting approach like this is that historical price action is not an indication of future price action
drazda1
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why does the code prompt for TP1?
kevinmck100
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@drazda1, Sorry, that was a mistake. Script updated
renaissancedulancelot
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Good
EpicM
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hi this is nice, but it does not work on lower timeframe. it only works on 1hr above. can this be adjusted to work in multiple timeframe? (strategy backtester)
kevinmck100
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@thrilledCamel77436, When you say it doesn't work, do you mean the results are poor or there is a problem with the indicator? If the results are poor you can try tweak the indicator settings, or just use on higher timeframes
EpicM
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@kevinmck100, hi its not displaying in 15mins Timeframe. =) the backtest strategy
ishwarsingh446
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Free
ttcrouse
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Hello, is there any chance you could mod the script to work on weekly data with an option to set / enable long and short sales. And perhaps add a toggle to enable or disable pyramiding. Nice Work, Thank s for your efforts in the community. -Tim C.