Mainly developed for AMEX:SPY trading on 1 min chart. But feel free to try on other tickers.
Basic idea of this strategy is to look for 3 candle reversal pattern within trending market structure. The 3 candle reversal pattern consist of 3 consecutive bullish or bearish candles,
followed by an engulfing candle in the opposite direction. This pattern usually...
Long Position Rules:
RED -> GREEN,
Green close > previous red high,
Green candle volume > previous red candle volume
or
RED -> GREEN -> GREEN
First green close < previous red high,
Second green close > previous red high,
Second green candle volume > previous red candle volume
or
RED -> GREEN -> GREEN -> GREEN
First green close < previous...
simple script. enter rule is open>open =BUY_else_SELL (open means open price 1 candle ago, so basically its if price now greater than price 1 candle ago...)
exit rule is Trailing Stop.
1 trade per candle, here on daily chart BTCUSDT with binance commision included in result.
254 million percent profit....
😲
Overview
This script trades basic hammer and shooting star candlestick patterns.
It's an extremely simple strategy with minimal filters, and according to my personal manual backtesting and automated trading results, performs best on the Daily chart on certain forex pairs.
It is intended to be traded on the forex markets but theoretically should work on all...
Hey.
This strategy is still in working.
For it I check a x amount of candles in the past if they been for example all red/green in row, and based on that I enter. For example candle 7 < candle 6 .... candle 3 < candle 2 .... candle 1 < candle current for long and viceversa for short.
After that,once the trade is initiated, I exit based on 2 possibilities :...
The original indicator is Noro's BottomSensivity v0.6
I simply turned noro's bottom sensibility 6.0 indicator, which I consider a great tool to find market bottom, into a strategy.
I also added an additional RSI filter with inputs that can be set by the user for entry and exit from the market.
I have tried to insert an alarm so that I can be notified when this...
This strategy allows you to pick from 9 different candlestick patterns, and test them against historical data from your chart. You can get a good idea what patterns work best for each chart by turning each pattern on and off in the settings.
![BTCUSDT: open>open[1]=BUY_else_SELL](https://s3.tradingview.com/5/5zYcH3Gx_mid.png "open>open[1]=BUY_else_SELL")
