OPEN-SOURCE SCRIPT
Strategy Myth-Busting #6 - PSAR+MA+SQZMOM+HVI - [MYN]

This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our sixth one we are automating is "I Tested ''7% Profit Per Day" Scalping Strategy 100 Times ( Unexpected Results )" from "TradeIQ" which claims to have made 175% profit on the 5 min chart of BTCUSD with a having a 61% win rate in just 32 days.
Originally, we mimicked verbatim the indicators and settings TradeIQ was using however weren't getting promising results anything close to the claim so we decided to try and improve on it. We changed the static Parabolic SAR to be adaptive based upon the timeframe. We did this by using an adjustable multiplier for the PSAR Max. Also, In TradeIQ's revised version he substituted Hawkeye's Volume Indicator in lieu of Squeeze Momentum. We found that including both indicators we were getting better results so included them both. Feel free to experiment more. Would love to see how this could be improved on.
This strategy uses a combination of 4 open-source public indicators:
Trading Rules
5m timeframe and above. We saw equally good results in the higher (3h - 4h) timeframes as well.
Long Entry:
Short Entry:
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
Our sixth one we are automating is "I Tested ''7% Profit Per Day" Scalping Strategy 100 Times ( Unexpected Results )" from "TradeIQ" which claims to have made 175% profit on the 5 min chart of BTCUSD with a having a 61% win rate in just 32 days.
Originally, we mimicked verbatim the indicators and settings TradeIQ was using however weren't getting promising results anything close to the claim so we decided to try and improve on it. We changed the static Parabolic SAR to be adaptive based upon the timeframe. We did this by using an adjustable multiplier for the PSAR Max. Also, In TradeIQ's revised version he substituted Hawkeye's Volume Indicator in lieu of Squeeze Momentum. We found that including both indicators we were getting better results so included them both. Feel free to experiment more. Would love to see how this could be improved on.
This strategy uses a combination of 4 open-source public indicators:
- Parabolic Sar (built in)
- 10 in 1 MA's by hiimannshu
- Squeeze Momentum by lazybear
- HawkEYE Volume Indicator by lazybear
Trading Rules
5m timeframe and above. We saw equally good results in the higher (3h - 4h) timeframes as well.
Long Entry:
- Parabolic Sar shifts below price at last dot above and then previous bar needs to breach above that.
- Price action has to be below both MA's and 50MA needs to be above 200MA
- Squeeze Momentum needsd to be in green or close to going green
- HawkEYE Volume Indicator needs to be show a green bar on the histagram
Short Entry:
- Parabolic Sar shifts above price at last dot below and then previous bar needs to breach below that.
- Price action needs to be above both MA's and 50MA needs to be below 200MA
- Squeeze Momentum needsd to be in red or close to going red
- HawkEYE Volume Indicator needs to be show a red bar on the histagram
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
リリースノート
Fixed High/Low PSAR entry logicオープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です!無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
If you're interested in exploring and discovering other high quality free strategies come join us in Discord: discord.gg/2wkm9QqSuY
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です!無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
If you're interested in exploring and discovering other high quality free strategies come join us in Discord: discord.gg/2wkm9QqSuY
➖➖🟦➖➖➖🟦
➖🟦🟦🟦🟦🟦🟦🟦
➖🟦🟦🟦🟦🟦🟦🟦
🟦🟦⬜️⬜️🟦⬜️⬜️🟦🟦
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🟦🟦🟦🟦🟦🟦🟦🟦🟦
➖🟦🟦➖➖➖🟦🟦
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。