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 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 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 Indicator by lazybear
5m timeframe and above. We saw equally good results in the higher (3h - 4h) timeframes as well.
- 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 Indicator needs to be show a green bar on the histagram
- 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 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.