Strategy incorporates the following features:
Risk management:
Trade entry:
Trade exit:
Backtesting:
Trade drawings:
Alerting:
Debugging:
Strategy conditions
Trade entry:
LONG
Trade exit:
Credits
Strategy is based on the YouTube video "This Unique Strategy Made 47% Profit in 2.5 Months " by TradeSmart.
It combines the following indicators to determine trade entry/exit conditions:
Risk management:
- Configurable X% loss per stop loss
- Configurable R:R ratio
Trade entry:
- Based on strategy conditions below
Trade exit:
- Based on strategy conditions below
Backtesting:
- Configurable backtesting range by date
Trade drawings:
- Each entry condition indicator can be turned on and off
- TP/SL boxes drawn for all trades. Can be turned on and off
- Trade exit information labels. Can be turned on and off
- NOTE: Trade drawings will only be applicable when using overlay strategies
Alerting:
- Alerts on LONG and SHORT trade entries
Debugging:
- Includes section with useful debugging techniques
Strategy conditions
Trade entry:
LONG
- C1: SSL Hybrid baseline is BLUE
- C2: SSL Channel crosses up (green above red)
- C3: Wave Trend crosses up (represented by pink candle body)
- C4: Entry candle height is not greater than configured threshold
- C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration)
- C6: Take Profit target does not touch EMA (represents resistance)
- C1: SSL Hybrid baseline is RED
- C2: SSL Channel crosses down (red above green)
- C3: Wave Trend crosses down (represented by orange candle body)
- C4: Entry candle height is not greater than configured threshold
- C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration)
- C6: Take Profit target does not touch EMA (represents support)
Trade exit:
- Stop Loss: Size configurable with NNFX ATR multiplier
- Take Profit: Calculated from Stop Loss using R:R ratio
Credits
Strategy is based on the YouTube video "This Unique Strategy Made 47% Profit in 2.5 Months " by TradeSmart.
It combines the following indicators to determine trade entry/exit conditions:
- Wave Trend: Indicator: WaveTrend Oscillator by @LazyBear
- SSL Channel: SSL channel by @ErwinBeckers
- SSL Hybrid: SSL Hybrid by @Mihkel00
- Keltner Channels: Keltner Channels Bands by @ceyhun
- Candle Height: Candle Height in Percentage - Columns by @FreeReveller
- NNFX ATR: NNFX ATR by @sueun123