PSAR BBPT ZLSMA BTC 1min — Strategy by Rolan_Kruger

parabolicsar simplemovingaverage oscillator psar bbpt zlsma pbz btc 1min riskmanagementstrategy scalping scalp

Long entry:

PSAR gives buy signal
BBPT prints green histogram
ZLSMA is below the price
ZLSMA has uptrend
SL is smaller than the max SL
Optional Sessions and EMA filters

Short entry

PSAR gives sell signal
BBPT prints red histogram
ZLSMA is above the price
ZLSMA has downtrend
SL is smaller than the max SL
Optional Sessions and EMA filters

SL:

Placed below ZLSMA + offset on long
Placed above ZLSMA + offset on short

TP1:
1x the SL by default
Takes no profit by default, 50% is also a good setting

TP2:
2x the SL by default
Take out all remaining position size.

If price reaches TP1, the SL is set to the entry price.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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