[SPOILED]SuperTrench - ETH Super Scalper
Hi Traders,
I'm republishing this script as I finally polished it to perfection IMO. The script uses 5 coding sections: entry, trend filter, pivot filter, take profit, and stop loss. The script mainly uses trailing as take profit; this is probably the easiest way to make a profitable scalper strategy.
Backtest capital is set to 1000 USDT, 35% equity, 0.04% commission, limited backtest date from Jan 2022 to now, backtested on ETH/USDT prep contracts 15m timeframe, result as shown below.
It looks unreal right? Hell no, I actually tested this strategy on Binance from Dec 06 to Dec 10. I got 8.29% return with 4x leverage, 50% equity setup; 75% win rate,1.58 profit factor, with 4.3% max drawdown, it is amazingly close to the backtest result.
User Manual
Entry >>> Stoch RSI:
I added 5 MA types to the Stoch RSI which is HMA/VWMA/WMA/EMA/SMA, HMA with Length setting of 5, 8 seems to be most efficient, VWMA and WMA with 8, 13 will generate less entry signals but with less entry risks.
Entry >>> R Style:
It based on price action, with candlestick makes a U turn, after 2nd candlestick confirmed, it generates entry signal, this will give you some extra entries, better leave it enabled.
Entry >>> Price Step:
This probably is the core feature of this strategy; also my secret ingredient to making this strategy this efficient. It is recommended to enable step 1-5, more steps basically means more entries, but they are not necessarily profitable.
Trend Filter >>> Price Step:
I couldn't tell you much details about how this indicator works, but it is a reliable indicator, based on price action, and I got some ideas from Demark9 indicator. The bigger the level, the stronger the filter is, please note that if 'Price Step Entries' less than Price Step Trend, entries will be ignored.
Pivot Filter >>> RSI Pivot & Pinbar Pivot:
RSI Pivot detects if the RSI signal line making U turn in certain condition, Pinbar detection combines R Style entry when price action U turn took place, these 2 pivot filter will close the trade once it is counter trend, so it better enable and leave it as is.
Trend Filter >>> Trend Magic:
Trend Magic uses CCI and ATR to calculate trend status, green means uptrend, red means downtrend, pretty straight forward, the best value for this indicator would be, 21, 34, 55, 89.
Trend Filter >>> Alpha:
This filter combines R style pivot, price step, EMA all together to detects consolidation area, because EMA was involved, so the best look back period would be around 15-35, it is best to use default value IMO, in another hands, if you need stronger filter, feel free to use 10, 18, 20, 25, 30, 35, make sure look back period should increase or decrease by 5 every time.
Take Profit and Stop Loss:
The default value for tp is set to 0.4%, but I also give you option to switch to ATR TP; you can adjust in the ATR multiplier, default ATR trailing stop loss uses 1 ATR, but you can adjust it for better drawdown tolerance. Fixed ATR SL is also given when fixed ATR is enabled. There will be a failsafe SL default set to 1% if price moves counter direction of opened position, it will close trade no matter what happens.
Enjoy :)
I'm republishing this script as I finally polished it to perfection IMO. The script uses 5 coding sections: entry, trend filter, pivot filter, take profit, and stop loss. The script mainly uses trailing as take profit; this is probably the easiest way to make a profitable scalper strategy.
Backtest capital is set to 1000 USDT, 35% equity, 0.04% commission, limited backtest date from Jan 2022 to now, backtested on ETH/USDT prep contracts 15m timeframe, result as shown below.
It looks unreal right? Hell no, I actually tested this strategy on Binance from Dec 06 to Dec 10. I got 8.29% return with 4x leverage, 50% equity setup; 75% win rate,1.58 profit factor, with 4.3% max drawdown, it is amazingly close to the backtest result.
User Manual
Entry >>> Stoch RSI:
I added 5 MA types to the Stoch RSI which is HMA/VWMA/WMA/EMA/SMA, HMA with Length setting of 5, 8 seems to be most efficient, VWMA and WMA with 8, 13 will generate less entry signals but with less entry risks.
Entry >>> R Style:
It based on price action, with candlestick makes a U turn, after 2nd candlestick confirmed, it generates entry signal, this will give you some extra entries, better leave it enabled.
Entry >>> Price Step:
This probably is the core feature of this strategy; also my secret ingredient to making this strategy this efficient. It is recommended to enable step 1-5, more steps basically means more entries, but they are not necessarily profitable.
Trend Filter >>> Price Step:
I couldn't tell you much details about how this indicator works, but it is a reliable indicator, based on price action, and I got some ideas from Demark9 indicator. The bigger the level, the stronger the filter is, please note that if 'Price Step Entries' less than Price Step Trend, entries will be ignored.
Pivot Filter >>> RSI Pivot & Pinbar Pivot:
RSI Pivot detects if the RSI signal line making U turn in certain condition, Pinbar detection combines R Style entry when price action U turn took place, these 2 pivot filter will close the trade once it is counter trend, so it better enable and leave it as is.
Trend Filter >>> Trend Magic:
Trend Magic uses CCI and ATR to calculate trend status, green means uptrend, red means downtrend, pretty straight forward, the best value for this indicator would be, 21, 34, 55, 89.
Trend Filter >>> Alpha:
This filter combines R style pivot, price step, EMA all together to detects consolidation area, because EMA was involved, so the best look back period would be around 15-35, it is best to use default value IMO, in another hands, if you need stronger filter, feel free to use 10, 18, 20, 25, 30, 35, make sure look back period should increase or decrease by 5 every time.
Take Profit and Stop Loss:
The default value for tp is set to 0.4%, but I also give you option to switch to ATR TP; you can adjust in the ATR multiplier, default ATR trailing stop loss uses 1 ATR, but you can adjust it for better drawdown tolerance. Fixed ATR SL is also given when fixed ATR is enabled. There will be a failsafe SL default set to 1% if price moves counter direction of opened position, it will close trade no matter what happens.
Enjoy :)
Release Notes:
ver.221218
- add mark reversing trade option
- add mark reversing trade option
Release Notes:
ver.221221
- add RSI pivot option
- add KC ATR and channel length
- add halftrend as stoploss (experiment)
- add RSI pivot option
- add KC ATR and channel length
- add halftrend as stoploss (experiment)
Release Notes:
minor change
Release Notes:
ver230104
- add different KC based ATR exit method
- add different KC based ATR exit method
Release Notes:
-ver220105
added use previous atr value for stoploss
added 'floating atr' for stoploss
added use previous atr value for stoploss
added 'floating atr' for stoploss
Release Notes:
ver.220107
-minor bug fixed
-minor bug fixed
Release Notes:
ver.230107
- bollinger bands %B function added
- bollinger bands %B function added
Release Notes:
ver.230108
- added MA length parameter
- added show MA option
- added MA length parameter
- added show MA option
Release Notes:
ver.20230109
-added alert_message on entry
-added alert_message on entry
Release Notes:
ver.230110
-clean up some code
-added dynamic failsafe stoploss based on halftrend
-clean up some code
-added dynamic failsafe stoploss based on halftrend