Its a break-out strategy with simple rules and strict money management (every trade risk 1% of the equity)
Entry happens on breakout of significant swing points.
Initial stop loss is on the opposite swingpoint and will be trailed by multiple factors including a maximum distance to the current price.
Works best on BTCUSD on H4. Also good results on higher timeframes.
also cross checked other pairs. works on IOTUSD and EOSUSD . Seems to have some troubles (in default params) with LTC and XRP.
feel free to leave a comment and please tell me if you find a reason why this shouldn't make you rich :D
Entry happens on breakout of significant swing points.
Initial stop loss is on the opposite swingpoint and will be trailed by multiple factors including a maximum distance to the current price.
Works best on BTCUSD on H4. Also good results on higher timeframes.
also cross checked other pairs. works on IOTUSD and EOSUSD . Seems to have some troubles (in default params) with LTC and XRP.
feel free to leave a comment and please tell me if you find a reason why this shouldn't make you rich :D
Release Notes:
Made it more correct and predictable by trailing the stop to the new entry-stop as soon as a new entry signal appears (otherwise TV has problems with correct executions).
Also entry signals need to be active for at least 1 bar before being considered now. this also adds to the results being more realistic when being traded manually.
reduced the overall return but increased the profitfactor and reduced max drawdown.
Also entry signals need to be active for at least 1 bar before being considered now. this also adds to the results being more realistic when being traded manually.
reduced the overall return but increased the profitfactor and reduced max drawdown.