Trend Entry_0 [TS_Indie]

11월 2일

Trend Entry_0 — Mechanism Overview

The core structure of this strategy is based on a price action reversal pattern, as detailed below:

In the case of a Bullish Trend Reversal:

The price initially moves in a bearish direction. When candle A forms a low lower than the previous low, the high of candle A becomes a key reference point.
If the next candle closes above the high of candle A, it confirms a Bullish Trend Reversal.
* Upon a Bullish signal, a Long position is opened at the opening price of the next candle (candle B).
* When a subsequent Bearish signal occurs, the Long position is closed at the opening price of the next candle (candle C).

In the case of a Bearish Trend Reversal:

The price initially moves in a bullish direction. When candle A forms a high higher than the previous high, the low of candle A becomes a key reference point.
If the next candle closes below the low of candle A, it confirms a Bearish Trend Reversal.
* Upon a Bearish signal, a Short position is opened at the opening price of the next candle (candle B).
* When a subsequent Bullish signal occurs, the Short position is closed at the opening price of the next candle (candle C).

Options
* The start and end dates of the backtest can be customized.
* The swing lines of the trend can be displayed as an optional visual aid.
* The user can choose whether to open only Long or Short positions.

Backtest Results and Observations
Based on the backtesting results of this strategy across various assets and timeframes, it has been observed that this approach works best on trending assets such as Gold, BTC, and stocks.
It also performs well on higher timeframes, starting from the Daily timeframe and above, especially when taking Long positions only.

However, when applied to currency pairs such as EUR/USD, the results tend to be less impressive.
I encourage everyone to try backtesting and further developing this strategy — adding new conditions or filters may potentially lead to improved performance.

Disclaimer
This script is intended solely for backtesting purposes, based on a particular price action pattern.
It does not constitute financial or investment advice.
Backtest results do not guarantee future performance.

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