Trend based scalping strategy, to work on lower timeframes (15Minute - 1 Hour) Calculations on ATR, strategy uses extra conditions to help filter out bad trades.
How to use the strategy? Simple as when green line shows below, that can be either a good entry point or a signal to start building limit orders on the plot. I use the ATR as a trailing stop loss for exit.
vica versa for entering shorts. The strategy is only set up to take long positions though.
This is a great scalping strategy for bots in Ranging or up trending markets.
This scripts has 5 variations built within it which are fitted for certain coins & their timeframes
The coins included are BTC/USDT 1 Hour ETH/USDT 1 Hour ADA/USDT 30 Minutes DOGE/USDT 15 Minutes LUNA/USDT/15 Minutes
The Strategy backtest results includes Fess and there is NO Repaint! The script is written in Version 4
There is an option in the settings cog to choose from the 5 coins and their timeframes where they have been optimised There is also an option to change the backtesting range The stop Losses are also adjustable and listed under the settings
The strategy performs best on the Binance listings