This is an indicator for trading low timeframes. It is generic and configurable meaning you can use it not only on crypto, but also forex, CFD, stocks etc.
HOW IT WORKS
The user chooses between three powerful base strategies: Bollinger Bands + , Divergences or the SARMA Strategy.
He can also trade support and resistance breakouts, with or without the base strategy.
Use the Alert Setup version to trigger entry and exit alerts.
You can choose between a set of trend lines that will filter trades that are against the main trend in order to increase profitability.
The integrated Trailing Stop Loss will trigger an alert to exit the trade.
You can use the Trailing Take Profit with a configurable % deviation. It will also trigger an exit alert.
SAMPLE USE CASES
XBTUSD 5m BitMEX
XBTUSD 15m BitMEX
ETHUSD 5m BitMEX
ETHUSD 15m BitMEX
USD/WTI 1m IDC (Us Dollar/ WTI Crude OIL )
Backtest below for BITMEX:LTCZ19 in 15m timeframe.
Note: This is the Alert version. You can find the backtest version in my profile.
To get access to the indicator, use the link below, thanks for reading!
By the way the default settings are optimized for trading BTC in 15m timeframe.
/!\ You must use a resolution higher from the current one /!\
- Basic PSAR
- Volume (Chaikin Money Flow)
- Levels (Fibonacci: Long on fib 78 and 61. Short on fib 23 and 38)
- Channels (Donchian)
Allow reverse orders
Bollinguer Bands Multiplier
Doubled default commission % per order (0.1%)
Entry base indicators naming :
- Scalp = for low time frame strategies
- Swing = for high time frame strategies
ADX Sideways Filter from Higher Timeframe
Use this tool to understand how it works!
Fixed a bug where the entry reversed when it shouldn't.
Long MFI entry triggers when MFI is oversold and reversing upwards.
Short MFI entry triggers when MFi is overbought and reversing downwards.
Updated exit alerts to be used with "once per bar" and "once per bar close"
ALL TAKE PROFITS (both directions)
ALL STOP LOSSES (both directions)
- Increased max DCA orders count to 2
- DCA order step new option
Making it easier to adjust volume for the safety orders:
DCA LONG 1
DCA LONG 2
DCA SHORT 1
DCA SHORT 2
Alert n° 23: SHORT ENTRY + DCA
2nd DCA order alert now working correctly