*** Please check out the matching Indicator to accompany this Strategy to allow you to fully backtest! ***
Inner Bar trading strategy is where the "inside" bar (or candle to the right) within a pair is smaller and within the high to low range of the prior bar, as this pattern tends to be somewhat predictable; especially in "chop" or sideways trading, it is useful to have in your tool box.
Features include:
Complimentary Indicator you can add as well as this strategy to backtest and tune your settings before live trading
Trailing Stoploss to wring every cent from a trade
Indicator only: Clear Alert labels have been coded in for use with trading bots, 3commas is recommended.
Enable/Disable Shorts in addition to Longs
A further feature is that you can disable Shorts (therefore only Longing) for use with exchanges that only allow you to Long, such as Binance & Coinbase.
Additionally, this Indicator will close a trade before opening the next, so a single exchange account (BitMEX for example) is all that is required versus having separate accounts to long or short on the same chart.
This strategy is intended to use $100 of capital, traded at 2.5% per order with 10x lev on Bitmex.
If you like my work, please use my referral links (you will receive discounts!) 3commas trading bots (now with Bitmex support and a lot more!) - 3commas.io/?c=cktv BitMEX - bitmex.com/register/gfeBtH
If you have any comments or suggestions, please message me via TradingView.