The idea here is to enter a trade upon trend reversal (unless we have a white background - this indicates choppy/sideways market).
Follow the background color for signals of a trend reversal.
- Bright green = long
- Bright red = short
- White = no trade
We use a fixed stop loss here of 6% but I have included the option to apply an ATR based stop loss in Settings. No take profit. No re-entering until we get an opposing signal.
I use a function to detect when we should stay out due to choppy sideways price action.
This strategy was optimised for XBT/USD on Bitmex 1 day chart, ideal settings for other pairs will differ.
Just finished the analysis. Thanks to the author for adding short and long. In fact, we have 2 strategies, 1st goes short, 2nd goes long. I tested 1 + 2 and selected (previously adequate values for both) from 2014-2019, you can see a comparison with 2 strategies with the natural Bitcoin index and the previous V1 strategy. It turned out Great. If it will be possible for the author bennef to give the opportunity to manually (separately) set parameters for long and short, and not in the same strategy as now. Thank you very much colleague.
Here are the parameters with which I tested:
Short - /Super Trend - Atr Period 3,ART Multiplier 1.3/Rate of Change -Длинна ROC 76,ATR Multiplier 1.3,/Stop Loss- Stop Lose Type: ATR,ATR Stop Period 20,Atr Stop Multiplier 1.5
Long - /Super Trend - Atr Period 2,ART Multiplier 1.5/Rate of Change -Длинна ROC 30,ATR Multiplier 1.5,/Stop Loss- Stop Lose Type: Fixed,Fixed Stop Loss % 6.
This is the data of the emulator and not the recalculation of trade view. Commission 0.1