Trend-following Strategy E v2.6 4H ETHBTC

Hi All,

Welcome to my first published Trend-following strategy for Ethereum , designed specifically for POLONIEX:ETHBTC on 4H due its long price history.
This script is based on my previously published scripts for bitcoin .

In order to set up Alerts for this strategy, I've created a second script called Trend-following Alert E v2.6 4H ETHBTC which you can find here:

Here you will find the "active_long" and "active_long" variables (red and blue lines) that show which positions are being taken by the strategy script.

You can set 'Once per bar close' alerts for this to get your alerts on TV.
For instance, I use 'crossing up @ 0.1' on "active_long" to set an 'Open Long" alert and a 'crossing down @ 0.9' to set a 'Close Long' alert.
The same holds for the 'Open Short' and the 'Close Short' alerts but then for the 'active_short' variable.

As you can see from the backtest I've done my best to create a decent ROI with limited DD .
You can also run this backtest/strategy with '100% of equity' but I would advise against trading this as your risk will fundamentally increase.
With a constant order size this strategy should be quite safe to use.

Going from the results it's clear that this strategy excels during clear bull/bear trends but might suffer a little bit during market chop.
This is also where ROI tends to stagnate a little bit only then to take off again during a clear trend.

There are two inputs that can be modified on this strategy, however I think the current settings are optimal for this market on the 4H candle.

I've also added start and end dates to test specific time periods.

Please let me know if you have any questions.
Release Notes: Updated logic to detect and prevent chop, resulting in improved ROI/Sharpe/Profit Factor
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