ROBO STB GainCraft strategy

7 日前

Pure Price Action Candlestick Strategy by ROBO STB

Overview
This strategy is built entirely on the principles of price action and candlestick analysis, designed for traders who prefer raw market data over traditional indicators. By focusing solely on candlestick patterns and their context within recent price movements, the strategy identifies high-probability entry and exit points in liquid markets.
Entry signals are generated based on these patterns appearing at significant market locations, such as after consolidations, pullbacks, or at key support/resistance levels.

Price Action Integration:
Instead of relying on oscillators or moving averages, the script leverages the inherent market structure provided by candlesticks to interpret potential trend reversals or continuations.
This approach provides a clearer view of market sentiment.



No External Indicators:

This script avoids the use of traditional indicators like RSI, MACD, or Bollinger Bands, offering a clean, uncluttered chart.
Risk Management (Optional):

Fixed-percentage risk management options can also be enabled, ensuring trades remain within acceptable risk parameters.
How the Strategy Works


Entry Conditions:

Buy Entry: A bullish candlestick pattern (e.g., bullish engulfing) forms after a period of consolidation or pullback, indicating potential upward momentum.
Sell Entry: A bearish candlestick pattern (e.g., bearish engulfing) suggests a downturn is likely.

Exit Conditions:

Exits are triggered by the appearance of reversal candlestick patterns or through predefined SL/TP levels.
The strategy adapts to varying market conditions by analyzing candlestick structures dynamically.

Ideal Use Cases
Short-Term Trading: Designed for day traders and scalpers targeting quick moves on shorter timeframes.

Highly Liquid Markets: Performs best in markets with high liquidity, such as Nifty, Bank Nifty, or major forex pairs, where candlestick patterns provide reliable signals.
30-Minute Timeframe: For optimal results, the strategy is recommended for use on a 30-minute timeframe.

Transparency and Realism
Backtesting Parameters:

The default backtesting settings simulate realistic trading conditions, including commissions and slippage, ensuring that results are not misleading.
Trade sizes are calibrated to risk sustainable amounts (.05% maximum equity per trade).

Dataset Selection:
This strategy has been tested on diverse datasets to produce a statistically significant number of trades, ensuring robust performance evaluation.

Why This Strategy is Unique
This script stands apart by offering a refined approach to price action trading. Unlike generic indicator mashups, it provides traders with an actionable, candlestick-focused methodology tailored for volatile, high-liquidity markets.

The strategy is both simple to understand and powerful in execution, making it an excellent tool for traders who want to develop their skills in raw price action analysis while maintaining strict risk management.

Key Features
Candlestick-Based Entry and Exit Signals:

1. Risk Management:
- Risk-to-Reward Ratio (RTR):
Set a customizable risk-to-reward ratio to calculate target prices based on stop-loss levels.
Default: 3:1
order size added -100

2. Opening Range Identification
- Opening Range High and Low:
The script detects the high and low of the first trading session using Pine Script's session functions.
These levels are plotted as visual guides on the chart:
- High: Lime-colored circles.
- Low: Red-colored circles.

3. Trade Entry Logic
- Long Entry:
A long trade is triggered when the price closes above the opening range high.
- Entry condition: Crossover of the price above the opening range high.

-Short Entry:
A short trade is triggered when the price closes below the opening range low.
- Entry condition: Crossunder of the price below the opening range low.

Both entries are conditional on the absence of an existing position.


4. Stop Loss and Take Profit
- Long Position:
- Stop Loss: Previous candle's low.
- Take Profit: Calculated based on the RTR.

- **Short Position:**
- **Stop Loss:** Previous candle's high.
- **Take Profit:** Calculated based on the RTR.

The strategy plots these levels for visual reference:
- Stop Loss: Red dashed lines.
- Take Profit: Green dashed lines.


5. Visual Enhancements
-Trade Level Highlighting:
The script dynamically shades the areas between the entry price and SL/TP levels:
- Red shading for the stop-loss region.
- Green shading for the take-profit region.

How to Use:
1.Input Configuration:
Adjust the Risk-to-Reward ratio, max trades per day, and session end time to suit your trading preferences.

2.Visual Cues:
Use the opening range high/low lines and shading to identify potential breakout opportunities.

3.Execution:
The strategy will automatically enter and exit trades based on the conditions. Review the plotted SL and TP levels to monitor the risk-reward setup.


Important Notes:
- This strategy is designed for intraday trading and works best in markets with high volatility during the opening session.
- Backtest the strategy on your preferred market and timeframe to ensure compatibility.
- Proper risk management and position sizing are essential when using this strategy in live markets.


Please let me know if you have any doubts.

6 日前

リリースノート

Pure Price Action Candlestick Strategy by ROBO STB

Overview
This strategy is built entirely on the principles of price action and candlestick analysis, designed for traders who prefer raw market data over traditional indicators. By focusing solely on candlestick patterns and their context within recent price movements, the strategy identifies high-probability entry and exit points in liquid markets.
Entry signals are generated based on these patterns appearing at significant market locations, such as after consolidations, pullbacks, or at key support/resistance levels.

Price Action Integration:
Instead of relying on oscillators or moving averages, the script leverages the inherent market structure provided by candlesticks to interpret potential trend reversals or continuations.
This approach provides a clearer view of market sentiment.



No External Indicators:

This script avoids the use of traditional indicators like RSI, MACD, or Bollinger Bands, offering a clean, uncluttered chart.
Risk Management (Optional):

Fixed-percentage risk management options can also be enabled, ensuring trades remain within acceptable risk parameters.
How the Strategy Works


Entry Conditions:

Buy Entry: A bullish candlestick pattern (e.g., bullish engulfing) forms after a period of consolidation or pullback, indicating potential upward momentum.
Sell Entry: A bearish candlestick pattern (e.g., bearish engulfing) suggests a downturn is likely.

Exit Conditions:

Exits are triggered by the appearance of reversal candlestick patterns or through predefined SL/TP levels.
The strategy adapts to varying market conditions by analyzing candlestick structures dynamically.

Ideal Use Cases
Short-Term Trading: Designed for day traders and scalpers targeting quick moves on shorter timeframes.

Highly Liquid Markets: Performs best in markets with high liquidity, such as Nifty, Bank Nifty, or major forex pairs, where candlestick patterns provide reliable signals.
30-Minute Timeframe: For optimal results, the strategy is recommended for use on a 30-minute timeframe.

Transparency and Realism
Backtesting Parameters:

The default backtesting settings simulate realistic trading conditions, including commissions and slippage, ensuring that results are not misleading.
Trade sizes are calibrated to risk sustainable amounts (.05% maximum equity per trade).

Dataset Selection:
This strategy has been tested on diverse datasets to produce a statistically significant number of trades, ensuring robust performance evaluation.

Why This Strategy is Unique
This script stands apart by offering a refined approach to price action trading. Unlike generic indicator mashups, it provides traders with an actionable, candlestick-focused methodology tailored for volatile, high-liquidity markets.

The strategy is both simple to understand and powerful in execution, making it an excellent tool for traders who want to develop their skills in raw price action analysis while maintaining strict risk management.

Key Features
Candlestick-Based Entry and Exit Signals:

1. Risk Management:
- Risk-to-Reward Ratio (RTR):
Set a customizable risk-to-reward ratio to calculate target prices based on stop-loss levels.
Default: 3:1
order size added -100

2. Opening Range Identification
- Opening Range High and Low:
The script detects the high and low of the first trading session using Pine Script's session functions.
These levels are plotted as visual guides on the chart:
- High: Lime-colored circles.
- Low: Red-colored circles.

3. Trade Entry Logic
- Long Entry:
A long trade is triggered when the price closes above the opening range high.
- Entry condition: Crossover of the price above the opening range high.

-Short Entry:
A short trade is triggered when the price closes below the opening range low.
- Entry condition: Crossunder of the price below the opening range low.

Both entries are conditional on the absence of an existing position.


4. Stop Loss and Take Profit
- Long Position:
- Stop Loss: Previous candle's low.
- Take Profit: Calculated based on the RTR.

- **Short Position:**
- **Stop Loss:** Previous candle's high.
- **Take Profit:** Calculated based on the RTR.

The strategy plots these levels for visual reference:
- Stop Loss: Red dashed lines.
- Take Profit: Green dashed lines.


5. Visual Enhancements
-Trade Level Highlighting:
The script dynamically shades the areas between the entry price and SL/TP levels:
- Red shading for the stop-loss region.
- Green shading for the take-profit region.

How to Use:
1.Input Configuration:
Adjust the Risk-to-Reward ratio, max trades per day, and session end time to suit your trading preferences.

2.Visual Cues:
Use the opening range high/low lines and shading to identify potential breakout opportunities.

3.Execution:
The strategy will automatically enter and exit trades based on the conditions. Review the plotted SL and TP levels to monitor the risk-reward setup.


Important Notes:
- This strategy is designed for intraday trading and works best in markets with high volatility during the opening session.
- Backtest the strategy on your preferred market and timeframe to ensure compatibility.
- Proper risk management and position sizing are essential when using this strategy in live markets.


Please let me know if you have any doubts.

5 日前

リリースノート

updation-2.3

Pure Price Action Candlestick Strategy by ROBO STB

Overview
This strategy is built entirely on the principles of price action and candlestick analysis, designed for traders who prefer raw market data over traditional indicators. By focusing solely on candlestick patterns and their context within recent price movements, the strategy identifies high-probability entry and exit points in liquid markets.
Entry signals are generated based on these patterns appearing at significant market locations, such as after consolidations, pullbacks, or at key support/resistance levels.

Price Action Integration:
Instead of relying on oscillators or moving averages, the script leverages the inherent market structure provided by candlesticks to interpret potential trend reversals or continuations.
This approach provides a clearer view of market sentiment.



No External Indicators:

This script avoids the use of traditional indicators like RSI, MACD, or Bollinger Bands, offering a clean, uncluttered chart.
Risk Management (Optional):

Fixed-percentage risk management options can also be enabled, ensuring trades remain within acceptable risk parameters.
How the Strategy Works


Entry Conditions:

Buy Entry: A bullish candlestick pattern (e.g., bullish engulfing) forms after a period of consolidation or pullback, indicating potential upward momentum.
Sell Entry: A bearish candlestick pattern (e.g., bearish engulfing) suggests a downturn is likely.

Exit Conditions:

Exits are triggered by the appearance of reversal candlestick patterns or through predefined SL/TP levels.
The strategy adapts to varying market conditions by analyzing candlestick structures dynamically.

Ideal Use Cases
Short-Term Trading: Designed for day traders and scalpers targeting quick moves on shorter timeframes.

Highly Liquid Markets: Performs best in markets with high liquidity, such as Nifty, Bank Nifty, or major forex pairs, where candlestick patterns provide reliable signals.
30-Minute Timeframe: For optimal results, the strategy is recommended for use on a 30-minute timeframe.

Transparency and Realism
Backtesting Parameters:

The default backtesting settings simulate realistic trading conditions, including commissions and slippage, ensuring that results are not misleading.
Trade sizes are calibrated to risk sustainable amounts (.05% maximum equity per trade).

Dataset Selection:
This strategy has been tested on diverse datasets to produce a statistically significant number of trades, ensuring robust performance evaluation.

Why This Strategy is Unique
This script stands apart by offering a refined approach to price action trading. Unlike generic indicator mashups, it provides traders with an actionable, candlestick-focused methodology tailored for volatile, high-liquidity markets.

The strategy is both simple to understand and powerful in execution, making it an excellent tool for traders who want to develop their skills in raw price action analysis while maintaining strict risk management.

Key Features
Candlestick-Based Entry and Exit Signals:

1. Risk Management:
- Risk-to-Reward Ratio (RTR):
Set a customizable risk-to-reward ratio to calculate target prices based on stop-loss levels.
Default: 3:1
order size added -100
commission AND slippage-i have added 0.05% per trade

2. Opening Range Identification
- Opening Range High and Low:
The script detects the high and low of the first trading session using Pine Script's session functions.
These levels are plotted as visual guides on the chart:
- High: Lime-colored circles.
- Low: Red-colored circles.

3. Trade Entry Logic
- Long Entry:
A long trade is triggered when the price closes above the opening range high.
- Entry condition: Crossover of the price above the opening range high.

-Short Entry:
A short trade is triggered when the price closes below the opening range low.
- Entry condition: Crossunder of the price below the opening range low.

Both entries are conditional on the absence of an existing position.


4. Stop Loss and Take Profit
- Long Position:
- Stop Loss: Previous candle's low.
- Take Profit: Calculated based on the RTR.

- **Short Position:**
- **Stop Loss:** Previous candle's high.
- **Take Profit:** Calculated based on the RTR.

The strategy plots these levels for visual reference:
- Stop Loss: Red dashed lines.
- Take Profit: Green dashed lines.


5. Visual Enhancements
-Trade Level Highlighting:
The script dynamically shades the areas between the entry price and SL/TP levels:
- Red shading for the stop-loss region.
- Green shading for the take-profit region.

How to Use:
1.Input Configuration:
Adjust the Risk-to-Reward ratio, max trades per day, and session end time to suit your trading preferences.

2.Visual Cues:
Use the opening range high/low lines and shading to identify potential breakout opportunities.

3.Execution:
The strategy will automatically enter and exit trades based on the conditions. Review the plotted SL and TP levels to monitor the risk-reward setup.


Important Notes:
- This strategy is designed for intraday trading and works best in markets with high volatility during the opening session.
- Backtest the strategy on your preferred market and timeframe to ensure compatibility.
- Proper risk management and position sizing are essential when using this strategy in live markets.
I have tested this code in the BEL/TATAPOWER

Please let me know if you have any doubts.

4 日前

リリースノート

Pure Price Action Candlestick Strategy by ROBO STB

Overview
This strategy is built entirely on the principles of price action and candlestick analysis, designed for traders who prefer raw market data over traditional indicators. By focusing solely on candlestick patterns and their context within recent price movements, the strategy identifies high-probability entry and exit points in liquid markets.
Entry signals are generated based on these patterns appearing at significant market locations, such as after consolidations, pullbacks, or at key support/resistance levels.

Price Action Integration:
Instead of relying on oscillators or moving averages, the script leverages the inherent market structure provided by candlesticks to interpret potential trend reversals or continuations.
This approach provides a clearer view of market sentiment.



No External Indicators:

This script avoids the use of traditional indicators like RSI, MACD, or Bollinger Bands, offering a clean, uncluttered chart.
Risk Management (Optional):

Fixed-percentage risk management options can also be enabled, ensuring trades remain within acceptable risk parameters.
How the Strategy Works


Entry Conditions:

Buy Entry: A bullish candlestick pattern (e.g., bullish engulfing) forms after a period of consolidation or pullback, indicating potential upward momentum.
Sell Entry: A bearish candlestick pattern (e.g., bearish engulfing) suggests a downturn is likely.

Exit Conditions:

Exits are triggered by the appearance of reversal candlestick patterns or through predefined SL/TP levels.
The strategy adapts to varying market conditions by analyzing candlestick structures dynamically.

Ideal Use Cases
Short-Term Trading: Designed for day traders and scalpers targeting quick moves on shorter timeframes.

Highly Liquid Markets: Performs best in markets with high liquidity, such as Nifty, Bank Nifty, or major forex pairs, where candlestick patterns provide reliable signals.
30-Minute Timeframe: For optimal results, the strategy is recommended for use on a 30-minute timeframe.

Transparency and Realism
Backtesting Parameters:

The default backtesting settings simulate realistic trading conditions, including commissions and slippage, ensuring that results are not misleading.
Trade sizes are calibrated to risk sustainable amounts (.05% maximum equity per trade).

Dataset Selection:
This strategy has been tested on diverse datasets to produce a statistically significant number of trades, ensuring robust performance evaluation.

Why This Strategy is Unique
This script stands apart by offering a refined approach to price action trading. Unlike generic indicator mashups, it provides traders with an actionable, candlestick-focused methodology tailored for volatile, high-liquidity markets.

The strategy is both simple to understand and powerful in execution, making it an excellent tool for traders who want to develop their skills in raw price action analysis while maintaining strict risk management.

Key Features
Candlestick-Based Entry and Exit Signals:

1. Risk Management:
- Risk-to-Reward Ratio (RTR):
Set a customizable risk-to-reward ratio to calculate target prices based on stop-loss levels.
Default: 3:1
order size added -100

2. Opening Range Identification
- Opening Range High and Low:
The script detects the high and low of the first trading session using Pine Script's session functions.
These levels are plotted as visual guides on the chart:
- High: Lime-colored circles.
- Low: Red-colored circles.

3. Trade Entry Logic
- Long Entry:
A long trade is triggered when the price closes above the opening range high.
- Entry condition: Crossover of the price above the opening range high.

-Short Entry:
A short trade is triggered when the price closes below the opening range low.
- Entry condition: Crossunder of the price below the opening range low.

Both entries are conditional on the absence of an existing position.


4. Stop Loss and Take Profit
- Long Position:
- Stop Loss: Previous candle's low.
- Take Profit: Calculated based on the RTR.

- **Short Position:**
- **Stop Loss:** Previous candle's high.
- **Take Profit:** Calculated based on the RTR.

The strategy plots these levels for visual reference:
- Stop Loss: Red dashed lines.
- Take Profit: Green dashed lines.


5. Visual Enhancements
-Trade Level Highlighting:
The script dynamically shades the areas between the entry price and SL/TP levels:
- Red shading for the stop-loss region.
- Green shading for the take-profit region.

How to Use:
1.Input Configuration:
Adjust the Risk-to-Reward ratio, max trades per day, and session end time to suit your trading preferences.

2.Visual Cues:
Use the opening range high/low lines and shading to identify potential breakout opportunities.

3.Execution:
The strategy will automatically enter and exit trades based on the conditions. Review the plotted SL and TP levels to monitor the risk-reward setup.


Important Notes:
- This strategy is designed for intraday trading and works best in markets with high volatility during the opening session.
- Backtest the strategy on your preferred market and timeframe to ensure compatibility.
- Proper risk management and position sizing are essential when using this strategy in live markets.


Please let me know if you have any doubts.