This script is just for reference to see the trading range. Do not use this strategy logic, it is just Test strategy. The trading range is colored depending on whether it is profitable or not. You can change the color if you want. When you declare the strategy, put (process_orders_on_close=true,calc_on_every_tick=true, max_boxes_count=500) in your script. Then it...
Important notes: 1. This strategy is designed for same day SPY option scalping. All profit shown in back testing report is based on Profit/Loss (P/L) estimates from trading options with approximately 7.5 weeks of data. By default, it is set to 10 option contracts. By default the initial capital is set to $5000. 2. This strategy also takes into account of...
For this strategy I am making use of the fibonacci numbers until 10 sequences and I am using them to make an avg candle and an average ema. With it, I combine multiple price action rules and I set it up to only go long. When we have a short , we exit from the trade. From the initial tests, it looks like it performs better on big timeframes. If you have any...
This is a strategy made from price action combined with multiple moving averages calculations used for the candle histograms. In this case we calculate the bear and the bull candles based on the next criteria : Bull candle : ((CLOSE - LOW ) + (HIGH -OPEN) / 2 ) / Candle length Bear candle: ((HIGH - CLOSE ) + (OPEN-LOW ) / 2 ) / Candle length Once we have the...
Renko candles strategy has been written based on renko box plots. the strategy plots renko boxes and levels for trading, the buy signals trigger when renko is on uptrend and hit the lower box border and similar scenario for sell signal. the standard parameter are as bellow: box size: 3.5$ take profit: 1000 pip stop loss: 200 pip the below overview is results of...
This is a basic strategy that will buy after a hammer is printed, and sell when a predetermined risk or reward price is hit. You can change the risk and reward values in the settings. Risk and reward values are in increments of $0.01. Default values are 75 ($0.75) and 200 ($2.00). If the strategy is producing losses, try adding a zero to the end of the risk value...
Thanks to the great work of KIVANÇ in the Relative Estimated Price REP by KIVANÇ fr3762, it has adapted modifications in the Lookback bar length, transformed into strategy, where a line determines a relative average price of XBTUSD, BTCUSD, ETHUSD and BCH. the line is a calculation, where it involves reading previous candles where it determines what the current...
This might sound like a crazy idea, but actually seems to work, on all time scales nonetheless!
// // Author : Jacques CRETINON // Last Version : V1.0 11-22-2016 // // Risk disclaimer : Do not use this script in production environment. We assume no liability or responsibility for any damage to you, your computer, or your other property, due to the use of this script. // // Purpose of this script : // 1- use same pine code for strategy or study script (with...