Dark Cloud Strategy This is a bearish reversal pattern formed by two candlesticks within a uptrend.
Consists of an up candlestick followed by a down candlestick which opens lower
than the prior candlestick and closes below the midrange of the prior candlestick.
It is the reverse of the Piercing Line.
WARNING:
- This script to change bars colors.
Strategy
Bullish Harami Strategy This is a bullish reversal pattern formed by two candlesticks in which a small
real body is contained within the prior session's unusually large real body.
Usually the second real body is the opposite color of the first real body.
The Harami pattern is the reverse of the Engulfing pattern.
WARNING:
- This script to change bars colors.
Bearish Harami Copyright by HPotter 15/01/2019
This is a bearish reversal pattern formed by two candlesticks in which a short
real body is contained within the prior session's long real body. Usually the
second real body is the opposite color of the first real body. The Harami pattern
is the reverse of the Engulfing pattern.
WARNING:
- This script to change bars colors.
[New series!] [Consistent Losing Strategies] 34 EMA Scalping//---------------------------INTRO------------------------------
Hi All!
Let me introduce myself as a semi-successful forex trader & lover of automation.
I've taken to algo trading and have been hunting down strategies (that usually use indicators) to automate, backtest, and hopefully implement in MT4.
Unfortunately, most strategies are complete bulls*** and the select cases that are shown to "prove" success are limited.
These strategy sources often do not provide useful analytics either.
I want to change that approach to trading! We can really benefit each other and the community by being methodical about backtesting
as well as evaluating our results with some kind of scoring heuristic.
As for what that standardized process looks like..well I'm still working on it.
I'm pretty much on Tv for multiple hours of the day, screening strategies via Pinescript and I'd like to start sharing my progress!
This is a new series I'd like to start on consistently losing strategies. I'll make all the code public, so if you think I've made a blunder
or approached a problem the wrong way, then drop me a DM or paste your fix into the comments.
//---------------------------STRAT------------------------------
34 EMA Scalping strategy (ref. forextradingstrategies4u )
How you're supposed to trade it:
BUY:
1. Market is in an down trend as shown by the 34 EMA
2. Price breaks above a downwards trend line
3. Price breaks above the 34 EMA
4. Look for a very bullish candlestick or chart pattern
SELL:
1. Look for the 34 EMA to show we are in an uptrend
2. Price breaks below an upwards sloping trend line
3. Price breaks below 34 EMA
4. Look for a bearish candlestick or a chart pattern
//---------------------------CONC------------------------------
Q: Why does it fail?
A: I believe this strategy relies too much on subjective input (aka, trendlines).
Q: Why does it fail as an algo?
A: The 34 EMA is no more predictive than any other EMA, although it does a good job at filtering out noise.
Q: Should I try it out?
A: No, it's trash. This is the proof that it is trash.
Tulkens ETHUSDC StrategyV3Hello,
My first strategy! I'nt know how to get it working on poloniex. Can somebody help me pls?
I also want to add a stop-loss off some kind but i coudn't get it to work properly.
Please comment on what i need to aprove.
MA cross strategy VtsThe simple Moving average cross strategy is here implemented.
I guess there are multitudes of similar scripts around.
I post this one since I was asked by some friends, and I'll let it free to use for anybody.
Here you can choose the year where to start backtesting, the source, the type of MA, the SL and TP multiplicators of ATR, for which you can also choose the averaging period.
Feel free to modify this script. I would be grateful if you could preserve the first lines of comments including my user names.
The MA cross strategies can be very effective, especially when used on the daily TF.
Try for example the combo EMA15-EMA30 SL=1.5ATR TP=1ATR on EURCHF daily to get an impressive 83% win ratio.
Or EMA20-EMA81 on the GBPCHF to get an 87%.
In those cases where EMA does not perform well, try to set a less lagging MA, like the Hull MA.
I hope you like this script so that you could push the like button multiple (odd) times and you start following me.
I've got a bunch of other interesting scripts to share.
Comments and suggestions are welcome.
Renko Strategy Open_CloseSimple Renko strategy, very profitable. Thanks to vacalo69 for the idea.
Rules when the strategy opens order at market as follows:
- Buy when previous brick (-1) was bearish and previous brick (-2) was bearish too and actual brick close is bullish
- Sell when previous brick (-1) was bullish and previous brick (-2) was bullish too and actual brick close is bearish
Rules when the strategy send stop order are the same but this time a stop buy or stop sell is placed (better overall results).
Note that strategy open an order only after that condition is met, at the beginning of next candle, so the actual close is not the actual price.
Only input is the brick size multiplier for stop loss and take profit: SL and TP are placed at (brick size)x(multiplier) Or put it very high if you want startegy to close order on opposite signal.
Adjust brick size considering:
- Strategy works well if there are three or more consecutive bricks of same "color"
- Expected Profit
- Drawdown
- Time on trade
This strategy uses Renko charts with TRADITIONAL bricks, so no repaint.
Study with alerts, MT4 expert advisor and jforex automatic strategy are available at request.
Please use comment section for any feedback.
RSIVolume_2graf.01[wozdux] Tactics and strategy Tactics and strategy
The indicator combines 2 variants of the RSI indicator. The first option is calculated relative to the normal close price. The second option is calculated relative to the volume price. The volume price is calculated as the product of the volume price. For normal RSI, the default period is 9, for the volume price .
Settings. Level_close sets the width of the middle region, the oscillations of the indicator chart for the average of the closing price. Level_volume*close sets the critical level for the volume price. Period 24 (len1) specifies the RSI calculation period for the volume price. Period 9 (len3) specifies the RSI calculation period for the regular price.
The combination of two versions of the indicator helps to see more truthful information about the mood of buyers and sellers. When the volume price reaches its critical level of 8 units, it is a signal to a strong fall in the price. In this state, you should monitor the classic RSI. Thus, the classic RSI determines the tactical movement, and the volumetric RSI – strategic.
-------------------------------------
Тактика и стратегия
Индикатор совмещает в себе 2 варианта индикатора RSI. Первый вариант вычисляется относительно обычной цены закрытия. Второй вариант вычисляется относительно объемной цены. Объемную цену вычисляют как произведение цены на объем. Для обычного RSI по умолчанию берется период 9 , для объемной цены .
Настройки. Level_close задает ширину средней области колебания графика индикатора для обычной цены закрытия. Level_volume*close задает критический уровень для объемной цены. Период 24 (len1) задает период вычисления RSI для объемной цены. Период 9(len3) задает период вычисления RSI для обычной цены.
Сочетание двух вариантов индикатора помогает увидеть более правдивую информацию о настроениях покупателей и продавцов. Когда объемная цена достигает своего критического уровня 8 единиц, то это является сигналом к сильному падению цены. В этом состоянии следует следить за классической RSI. Таким образом классическое RSI определяет тактическое движение, а объемное RSI – стратегическое.
Strategy based on Squeeze Momentum Indicator [LazyBear]This Strategy is based on LazyBear Squeeze Momentum Indicator.
I added some custom feature and filters.
You can customize a lot of features to get a profitable strategy.
Here is a link to original study.
Please use comment section for any feedback.
Next improvement (only to whom is interested to this script and follows me): study with alerts on multiple tickers all at one. Leave a comment if you want to have access to study.
********************************** IMPORTANT*******************************
I have developed an expert advisor for metatrader4 (MT4) and for jforex platform: results of expert advisor form 2015-01-01 to 2018-11-25 are very good with low drawdown and good profit.
********************************************************************************
TMA All in OneTriangular Moving Averages
TMA formula is prepared on the Tradingview so that everyone can easly access.
First, calculate the simple moving average ( SMA ):
SMA = (P1 + P2 + P3 + P4 + ... + PN ) / N
Then, take the average of all the SMA values to get TMA values.
TMA = (SMA1 + SMA2 + SMA3 + SMA4 + ... SMAN) / N
The TMA can also be expressed
Source : Close
if the prices are upper than moving averages price bar color will be green, if lower than moving average it will be red color.
İf the trend is bullish , TMA will work as support
İf the trend is bear, TMA will work as resistance..
We used SMA5 ( Simple Moving Average5)
İf short period average(Green), cross up Longterm average (brown) that means BUY ( Green area)
İf opposite SELL ( Red area)
My idea, weekly period gives very good results to middleterm and long term invesment..That can help us from which prices we can buy the stock which we think that financial results are positive..
The other topic;
At the end, everytime prices return back to average values, and prices can move away until some distance. We can buy or sell with mixed prices, that can provide us better buy or sell average cost.
in Default Settings;
SELL 2.Area = 20% over than Longterm average, if the prices go upper that means prices are increased so much
SELL 1.Area = 13% over than Longterm average, if the prices go upper that means prices are incresed a bit.
BUY 1.Area = 3% lower than Longterm average, if the prices go upper that means prices are decreased a bit.
BUY 2.Area = 10% lower than Longterm average, f the prices go upper that means prices are decreased so much
You can use this indicator in your interested stock market.. With checking historical behaviour of the related stock market, you can make balance on the indicator setting.
According to averages, below BUY-SELL strategy is important,
Powerful SELL
1- Previosly İncrease
2- Price cross down the long average line
3- Short average,crossdown the long average
4- Price approach to long average, but close the bar under this average
Powerful BUY
1. Previosly Decrease
2. Price cross up the long average line
3. Short average crossup the long average line
4. Price approach to long average, but close the bar over this average
55EMA 200MA Cross Philakone Swing StrategyBased on the lessons of Philakone when we see the golden cross its a buy signal when we see the second cross this means death cross sell signal.
UVTrader StratejiIf you see "AL" you can buy, If you see "SAT" you can sell. You can use all charts, but 4 H and 1 D charts are very well..
Bullish Engulfing Strategy This is a bullish reversal pattern formed by two candlesticks. Following a downtrend,
the first candlestick is a down candlestick which is followed by an up candlestick
which has a long real body that engulfs or contains the real body of the prior bar.
The Engulfing pattern is the reverse of the Harami pattern.
WARNING:
- This script to change bars colors.
RSI Alligator Strategy [forked from jedireza]Backtester for RSI alligator is Williams Alligator strategy using Relative Strength Index to predict entries
Original script can be found at
Bearish Engulfing Strategy This is a bearish candlestick reversal pattern formed by two candlesticks.
Following an uptrend, the first candlestick is a up candlestick which is
followed by a down candlestick which has a long real body that engulfs or
contains the real body of the prior bar. The Engulfing pattern is the reverse
of the Harami pattern.
WARNING:
- This script to change bars colors.
Doji strategyThis is a simple strategy based on Doji star candlestick.
It places two orders: buy stop at doji star high or previous candle high and sell stop at doji star low or previous candle low.
Exit rules are with take profit and fixed stop loss or take profit and stop loss at doji min or max.
This strategy works very well with high time frames like Daily and Weekly because those are without noise in doji formation.
Each currency pair has its own optimal setting for TP and SL: it's up to user find the best ones.
I could implement SL based on ATR, maybe in next revision.
Please use comment section for any feedback.
Next improvement (only to whom is interested to this script and follows me): study with alerts on multiple tickers all at one. Leave a comment if you want to have access to study.
(H-L)/C Histogram Strategy This histogram displays (high-low)/close
Can be applied to any time frame.
WARNING:
- This script to change bars colors.
CMO & WMA Strategy ver 2.0 This indicator plots Chandre Momentum Oscillator and its WMA on the
same chart. This indicator plots the absolute value of CMO.
The CMO is closely related to, yet unique from, other momentum oriented
indicators such as Relative Strength Index, Stochastic, Rate-of-Change,
etc. It is most closely related to Welles Wilder?s RSI, yet it differs
in several ways:
- It uses data for both up days and down days in the numerator, thereby
directly measuring momentum;
- The calculations are applied on unsmoothed data. Therefore, short-term
extreme movements in price are not hidden. Once calculated, smoothing
can be applied to the CMO, if desired;
- The scale is bounded between +100 and -100, thereby allowing you to clearly
see changes in net momentum using the 0 level. The bounded scale also allows
you to conveniently compare values across different securities.
Trend Trader Bands Strategy This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
And draw two bands above and below TT line.
Trend Trader AVR Strategy This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
SimpleMA smoothed crossover strategyExperimental simple Bot script for ETH/USD 1 hour chart. welcome to test on other pairs. put feedback in comments.
This is a crossbreed between SMA and HULLMA
[Strategy] CCI EMA scalping [DEV]Recommended timeframe: 5M or higher
Based on EMA crosses and CCI levels.
Take profit can be also at Pivot levels like Daily/Weekly
Stop loss should be between 12-15 pips.
This strategy is still under development!