Price action: Double top/bottom StrategyDouble top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top).
In this strategy, I use Pivot High/Low to find Double top and bottom.
Entry long: when Double bottom occur.
Entry short: when Double top occur.
Risk: Reward: You can change % Stop loss and Target pfofit.
נקודות ורמות Pivot
Price action: Trendline Break StrategyThis strategy use trendline to entry. Trendline be drawed from Pivots High/Low.
Entry Long: When price break up trendline.
Entry Short: When price break down trendline.
Risk:Reward setup is 1:1.
You can backtest with whichever pair and whichever timeframe.
I backtested:
- If scalping: should use timeframe 5m, set up SL, TP is 2%.
- If swing trade: should use timeframe 1H, set up SL 2%, TP is 3%.
Should use with other indicator to increase winrate.
DCA Bot for ProfitViewThe base for this strategy is the "Backtesting 3commas DCA Bot v2" script by rouxam. I have made some additions, edits, and fixes, as well as tailored it for usage with ProfitView.
The strategy works in such a way that you select one or multiple rules together, in order to determine when a trade should be initiated.
The selectable rules are:
RSI-7: Initiate trading when the 7 period RSI goes below a specified threshold.
Technicals: This is essentially the TradingView screener strength. A multitude of technical indicators combined that range from Strong Sell - Sell - Buy - Strong Buy.
QFL: Find a support/resistance line on a specified timeframe, and initiate trading only when the price is below a certain point from this line.
Once the deal start rule is met, trading will initiate, and a series of additional orders will be placed and spaced out according to the order settings set in the indicator. These orders includes Take Profit, Stoploss, Trailing Take Profit, and specified additional entry orders to DCA your way into a position.
The indicator is set up so that by hooking this up to ProfitView, all of the signals should automatically be replicated to your assigned exchange, along with discord/telegram notifications for when the deals start and end, and the resulting pnl.
If you want to use it for spot markets, while technically possible, you will need to significantly edit the PV Alert syntax that i have supplied below.
Run this on your testnet of choice, it is likely that there are undiscovered issues at this point.
The strategy currently only works with 'Longs' at the time of publishing, but may be subject to change.
==ProfitView Setup==
!!Important!!
The assigned PV Alert name must contain the keyword 'Long', fex "DCA Long"
Uncheck the Once per Bar advanced filter option on the PV Alert you use for this.
Copy/Paste the text into the PV Alert: pastebin.com
Weekly Returns with BenchmarkSome time ago I published Monthly returns table. Now It's time for weekly one.
To get it work you need a pretty big screen, but I hope it will be useful for some of you.
Features of this table includes:
Display weekly returns of your strategy, benchmark, and alpha over this benchmark.
Select benchmark to be another instrument
Select the date from which you want to compute monthly returns
Show/hide benchmark and alpha
Choose colors for gradient for gain/loss values
Use it with any type of strategy
Use it with replay
Thanks to @MUQWISHI to help me coding it.
It's not about the strategy itself but the way you display returns on your chart. So pls don't critique my choice of the strategy and its performance 🙂
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
ONWAY Indicator PV6The ONWAY indicator is a comprehensive and earnestly designed tool aimed to increase confidence in a traders market bias. ONWAY analyzes market trends, market strength, and price action near key pivot levels to form a bias on future price action. Of course, it is fundamentally impossible to predict the future, but we all try it now don't we. Gain an edge in the markets and add ONWAY to your tool box.
ONWAY Functionality
Confirmation Signals: ONWAY provides real-time, non-repaint BUY and SELL signals upon the active timeframes candle close.
Targets and Stops: ONWAY will, upon signal confirmation, set a target and stop loss.
Position Management: ONWAY will monitor its current position, if one exists, and attempt to tighten the stop loss if possible.
ONWAY Details
Symbols and Timeframes: ONWAY is restricted to approved symbols and timeframes indicated by the 🟢 icon next to "Optimized:" and "ONWAY Timeframe:" on the dashboard. If an unapproved combination of symbol and timeframe is in use, ONWAY will be disabled (no signals will be visible). See author's instructions for the current ONWAY watchlist or to submit a symbol/timeframe request.
Position Details: Apart from the on chart signals and position plot, the ONWAY dashboard will indicate the current position, entry price, target price, and stop price.
Stop Loss: ONWAY has a unique stop loss/exit strategy that has proved, based on our calculations, to be advantageous. If price reaches or exceeds the stop loss, ONWAY will not close the position unless there is a candle close on the active timeframe exceeding the stop level. This is known as a soft stop loss and identified on the dashboard as "(Soft)" next to the stop price. Additionally, the stop loss will change throughout the position, following the low, for a long position or high, for a short position, within a given period, but the soft stop loss will not exceed beyond a 1:1 risk to reward ratio (the risk will always be equal to or less than the potential reward). It is importance to be aware that the soft stop is utilized at this 1:1 threshold as well. On the plus side, the changing stop loss will impose a risk free position if it finds itself between the entry price and target price. At this stage the soft stop is no longer utilized, the stop loss can only approach the target price, and profit is uhhh.....certain (I don't think the mods will like that word 😉). If the soft stop is no longer in use, the dashboard will indicate this with "(Hard)" next to the stop price.
Position Sizing: The position sizing used for the backtested results is displayed on the dashboard next to "Strategy Lot Size:". This position size is provided solely as a reference for the backtest results. The choice of a position size is left to the users discretion.
Backtest Results: With any strategy, backtesting is an excellent way to judge performance and viability, but it is important to recognize that past performance does not confirm repeatability in future market conditions.
Updates: ONWAY updates its acceptable symbols frequently to account for everchanging market conditions. This includes adding new symbols, rejecting previously compatible symbols, and modifying the optimal window for current symbols.
Acceptability Criteria: The criteria for a symbol to be deemed acceptable requires that its backtested results deliver a win rate greater than 70%, profit factor greater than 1.2, and its equity chart appear favorable. These metrics are available to users by clicking on "Strategy Tester" located on the bottom panel of the chart view.
Accessibility: To gain access to ONWAY, see the author's instructions below.
Use of this script implies that you acknowledge that past performance does not necessarily indicate future results and that guarantees are not possible in this trading realm.
Strategy Execution Template - Master PatternThis script is a template to execute your strategy with Stop Loss and Take Profit and showing Trades.
Then, you can write your strategy without taking care of Stop Loss and Take Profit method.
3x Fixed Percent Stop Loss, Trailing Percent Stop Loss, Trailing ATR Stop Loss, Tailing HHLL Stop Loss
3x Fixed Percent, Take Profit
TTC2022NVDA15mThis is version 1.0 "TTC2022NVDA15m" Strategy. This has only been back tested for the ticker "NVDA" on the 15m ext hour chart for the year 2022. The reason I isolated this strategy to 2022 is because NVDA's chart patterns have changed from the previous 2 years. So, I wanted to develop an indicator-based strategy that was consistent with current market conditions. I will adjust any variables that make this TTC2022NVDA15m Strategy more accurate in the future as more 2022 data comes out.
It's based on my TTC: Triangular Trend Channel script that dynamically creates a trend channel on the move. It uses open, high, low, close, simple moving average inputs for its plot lines and ema11 for calculation purposes. The default trend channel line settings are based off sma128.
Default color coded in top to bottom price order:
green = top
orange
blue
white = center (128sma)
purple
yellow
red = bottom
Please excuse me if this appears scrunched up. I had to set my browser to 50% size to fit in the YTD 15 minute ext chart.
• Remember * This has only been back tested for the ticker "NVDA" on the 15m ext chart for the year 2022 to date. *
Villa Dinamic Pivot Supertrend StrategyThis strategy works better on AUD/USD in the 15 min timeframe. It uses the Pivot Supertrend to enter trades based on different filters such as:
- Simple EMA filter: that the 3 EMAs should be in order
- DEMA angle: you can choose the DEMA Angle threshold and the look back to check the angle to just trade trades with DEMA at a certain angle
- Simple DEMA filter: just check if close is above or below DEMA
- Take Every Supertrend Signal: this means to take every normal supertrend signal to not just wait for a pivot supertrend signal to enter a trade (specially on long pivot supertrend periods)
- Stop Loss at Supertrend: this means that the stop loss will be at the Normal Supertrend, if false the stop loss will be placed at the ATR level selected.
- 2 Steps Take Profit: this means if you want to close a percentage of position as soon as the normal supertrend crosses the entry price, you can select the % on the "2 Steps TP qty" input
- Stop Loss ATR Multiplier: if Stop Loss at Supertrend is off this will be the stoploss based on the atr
- Take Profit ATR Multiplier: if Stop Loss at Supertrend is off this will be the takeprofit based on the atr (you have to keep in mind that the ratio between this two will make the Risk to reward ratio of the take profit when the Stop Loss at Supertrend)
- Testing: to avoid overfitting, you can select date ranges for backtesting and forwardtesting and select which testing you wanna do
TTC2022TSLA15mThis is version 1.0 "TTC2022TSLA15m" Strategy. This has only been back tested for the ticker "TSLA" on the 15m chart for the year 2022. The reason I isolated this strategy to 2022 is because TSLA's chart patterns have changed from the previous 2 years. So, I wanted to develop an indicator-based strategy that was consistent with current market conditions. The default setting for percent of equity is set to 5% risk. I will adjust any variables that make this TTC2022TSLA15m Strategy more accurate in the future as more 2022 data comes out.
It's based on my TTC: Triangular Trend Channel script that dynamically creates a trend channel on the move. It uses open, high, low, close, simple moving average inputs for its plot lines and sma9 & ema5 for calculation purposes. The default trend channel line settings are based off sma64.
Default color coded in top to bottom price order:
green = top
orange
blue
white = center (64sma)
purple
yellow
red = bottom
• Remember * This has only been back tested for the ticker "TSLA" on the 15m chart for the year 2022 to date. *
TTC2022SPY4hrThis is version 1.0 "TTC2022SPY4hr" Strategy. This has only been back tested for the ticker "SPY" on the 4hr ext chart for the year 2022. The reason I isolated this strategy to 2022 is because SPY's chart patterns have changed from the previous 2 years. So, I wanted to develop an indicator-based strategy that was consistent with current market conditions. The default setting for percent of equity is set to 5% risk. I will adjust any variables that make this TTC2022SPY4hr Strategy more accurate in the future as more 2022 data comes out.
It's based on my TTC: Triangular Trend Channel script that dynamically creates a trend channel on the move. It uses open, high, low, close, simple moving average inputs for its plot lines and ema1 & a hard coded ema5 for calculation purposes. The default trend channel line settings are based off sma7.
Default color coded in top to bottom price order:
green = top
orange
blue
white = center (7sma)
purple
yellow
red = bottom
• Remember * This has only been back tested for the ticker "SPY" on the 4hr ext chart for the year 2022 to date. *
[Herif's] Harmonic Patterns ProjectionBullish and bearish 5-point patterns are based on various Fibonacci retracement levels and signify potential reversal zones (PRZ).
As they become 0%-80% complete, the dashed-line pattern will appear, displaying the PRZ and giving you time to prepare for a reversal.
Different combinations of specific fib retracements and extensions result in different patterns, and each is named for identification.
Bullish patterns signify a potential turn to the upside are colored green.
Bearish patterns signify a potential turn to the downside are colored red.
1- Live harmonic patterns which are still in trade with XABCD and ratio with labels.
2- Entry, Stop and Target levels on chart for all patterns.
in Settings:
Error Percent - This is error tollerance for matching pattern ratios. Cannot expect price ratios to be exactly as per books. Hence, adding few error tolerance will help identify patterns better. In this indicator defatult 1%
When there are multiple patterns on chart, Entry, Stop, and Target labels and lines are created with specific distance from each other to provide clarity to the users.
Trailing and Targets
1-Trailing Start Stage - Defines when to start trailing stop-loss. It is recommended to set this value to either Target 1 or Target 2. Disabling the trailing or setting too far away may lead to being in trade on ranging market for too long. This may also result in drawing errors related to distance from current bar.
2- Custom Target Levels - Target and stop levels are set to optimal values based on individual patterns. If you want to override these levels, use the available input option to override targets and chose your custom Target1, Target2, Target3 and Target4
All Pending Patterns you can enable or disable
Classic Patterns : Gartley , Bat, Butterfly , Crab , Deep Crab , Cypher , Shark , Nenstar
Anti Patterns: Anti Nenstar, Anti Shark , Anti Cypher , Anti Crab , Anti Butterfly , Anti Bat, Anti Gartley , Navarro 200
This is a Strategy version of indicator below
tercanomics' all-weatherIt is a strategy that takes scalps by using support/resistance levels detection when the exhaustion conditions have been met.
It is profitable to take scalp positions with reversals on sideways market by its nature, as well as its entry and exit prices, as they are being used as take profit and stop loss levels. If there is already an existing trend that one wants to follow, this strategy can meet the need for signals in the trends direction within a low time frame, whereas enter and exit prices can be used for dynamic support and resistance levels for manual trades within high time frames.
Besides the fact that it is designed for every market and every product, Volume Filter and some specific levels like Stop-Loss & Dollar-Cost Averaging percentages were created for BitMEX: XBTUSD, 1-minute time frame.
The backtest equations have been calculated with an assumption of the use of 100% of the equity and depending on the chosen exchange to trade, there will be market fee (commission) needed.
PM us to obtain access.
Special thanks to @hophop
