MensaTrader

Carpe Diem [Strategy]

Carpe Diem Strategy, a wave cycle strategy that only enters when markets are up trending.
The script uses 3 different trend detection indicators including volume which helps with confirmation.

This script has 10 variations built within it which are fitted for the coins differnt coinditions

The coins included are
BTC /USDT 4H
ETH/USDT 4H
LTC/USDT 4H
ADA/USDT 4H
BNB/USDT 2H
BAND/USDT 4H
BAT/USDT 3H
OGN/USDT 4H
ZIL/USDT 4H
BZRX/USDT 2H

How to use the Indicator
You can change what plots are shown in the settings Cog
When the wave lines are green, the market is up trending and will be looking for a trade whereas when they are red, the market is in a sideways or downtrend.
The buy signal is given by the fast wave either crossing over the slow wave line, or crossing over the value of 25.
The exit signal is when the wave crosses back under the 75 value

This strategy includes Fees and there is NO Repaint. The script is written in version 4

There is an option in the settings cog to choose from 10 Coins and timeframes which the Strategies have been optimised for.
There is also another option in the settings cog to change the backtesting range.
There is also another option to adjust the stop loss. I have left it on the Default value which I believe works best

This strategy performs best on the Binance listings
Release Notes: Minor updates fixing Timeframe issue
Release Notes: Updates across the board on scripts, slight adjustments to some of the filtering calculations
Release Notes: Forgot something else in the udpate...
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact MensaTrader for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.

Author's instructions

Email: actanonverba.code@gmail.com for a free trial

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