PROTECTED SOURCE SCRIPT
Failure Swing Strategy (stop hunting) V1
(Made on XBT/USD 4h Bitmex)
This strategy is a first attempt to countertrade the false break of a key support/resistance.
If a candle breaks the level, but it comes back before close, it will trigger an order.
The Stop Loss is in %, the Take Profit is near the EMA.
There is a "volatility filter" to block orders when the price is near the EMA and a coefficient to adjust a little the Stop Loss and Take Profit according to the chart condition.
This strategy is a first attempt to countertrade the false break of a key support/resistance.
If a candle breaks the level, but it comes back before close, it will trigger an order.
The Stop Loss is in %, the Take Profit is near the EMA.
There is a "volatility filter" to block orders when the price is near the EMA and a coefficient to adjust a little the Stop Loss and Take Profit according to the chart condition.
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