This strategy is based on several indicators including ZLEMA, No lag MACD, RSI, Chaikin Flow, etc. Almost combines 10 indicators to effectively result in a non-repainting high accuracy (around 70%+) and high profit factor (around 1.7-2.3) strategy. The current chart shows this mode.
A simple MA filter has been provided to further increase accuracy (in range of 80%+), and profit factor (around 5+) but it decreases the number of trades resulting in lower returns - but this mode is good for leveraged trading. Following is the chart for this mode: tradingview.com/script/JD5yr4xq-IMRv1-0-High-Accuracy-and-PF-For-margin-Trading/
Specially suited for crypto-crypto pairs.
NOTE: I am looking for a collaboration with an investor to turn this strategy into a working bot, wherein I will develop the required code, remove any issues you may have with the script and launch it on your server, while I have my bread and butter. Let me know via PM if you are interested in this.
I noticed that when I changed it to 'source: open', the results for 'profit percentage' and 'profit factor' increased. Before that, it was set to 'source: close' by default. What could be the reason for this increase in profit? Is there a difference in trade entries with 'source open' and 'source close'? Can you explain why? at the moment and with these parameters, I achieved, for example, an 80% profit in ETH and a profit factor of 5.698
bhaveravindra
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Hello Nikhil
Have you tested this on USA stocks and ETF's. how what method will one use to identify the stocks would would be moving for long positions. DM me for your JV concept my telegram address is bhaveravindra
If your algorithm can produce effective results we can think of investing together
Cryptotrail
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would love try this script
dheerajsood
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Hi nikhil
Does this work on the nifty?
Thanks..
NikhilGuptab4
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@dheerajsood, do not use indices with this script - they are inherently less mean reverting. However, I tried several NSE stocks with this script with modified parameters on a 1D chart, and they show impressive results as well with MA filter set to 200 (80%+ accuracy and 2.2+ PF)