Volume based script to catch a big move. Works best on 5 min timeframe.
The default sma duration for volume is set to 150 = number of candles in 5 mins timeframe for 2 days.
Heavy volume is defined as = more than 9 times of sma.
Both parameters are configurable.
Trading strategy: Long buy at high / Short sell at low of the candle where the script gives the...
The strategy checks nature of the instruments. It Buys if the close is greater than yesterday's high, reverse the position if the close is lower than yesterday's low and repeat the process.
1. If it is trend following then the equity curve will be in uptrend
2. If it is mean reverting then the equity curve will be downtrend
Thanks to Rayner Teo.
A following indicator is Momentum Trading that uses fast QQE crosses with Moving Averages
Use for trend direction filtering. QQE or Qualitative Quantitative Estimation is based
Relative strength index (RSI), but uses a smoothing technique as an additional transformation. Three crosses can be selected (all selected by default)
This is a modified version of my script muxie1.
The muxie1 is more profitable in backtesting but is more risky as the stop loss is only triggered when a reversal happens and orders 2x more in reverse direction.
The current script works the same but if loss is substancial and reaches the safety stop loss then the trade is closed.
This uses 2 EMA and Stop Loss and...
This uses 2 EMA and Stop Loss and Take Profit,
The stops don't fire at the precise value but only when the trend reverses
it is actually good for 1D since 2019, it was however optimised for 1min but I am not able to share for 1m.
have equivalent code for quantum zone ftx
Great profit factor from 1.5x to 3x
Mandatory input is the position size per trade, tested...
Simple Pivot Reversal Strategy with some adding settings.
Date Range: To test over specific market conditions.
Initial Capitol: $10K - This is a more realistic representation of funds used this strategy (for me anyway). The default of $100K can give different results (usually better) than when using a smaller balance.
Order Size: 100% Equity - These trend...
How to use:
This strategy relies on direction on higher timeframes and entries on lower timeframes.
High profit factor is due to confirmation of trend change rather than entry during start of trends. Hence late entries.
Operate Long and Short (Hold Position)
1. Enter the higher time frame resolution of the strategy you want to operate (W time frame is...