INVITE-ONLY SCRIPT
Agressive Confirmation
Updated
This indicator serves as a guide for aggressive counter-trend trading, offering entries, a trailing stop for trade exits and a performance backtesting system (risk ratio).
AC proves to be an excellent ally in assisting counter-trend entry decisions. The signals come from two different sources, and are positioned almost identically in terms of the timing of entry into a trade on a trend change.
The first is RSI reintegration: simple, effective. The second is price action reintegration (identifies short-term support/resistance, a false break with counter-trend reinjection).
The duality of this entry system means you can be present on most local tops and bottoms without having an excessively high number of trade entries. The failure of the first entry can give a signal on the second (divergence, volatility...): use this complementarity to your advantage! If the first signal ends in a loss, wait for confirmation on the second signal.
The trailing stop system is activated as soon as an entry signal is detected, and if no entry signal is still active. The trade is closed when the candle closes above or below the trailing stop.
Two possible settings:
"passive": (multiply 5, period 8), least reactive trailing stop, willing to hold the trade
"balanced": (multiply 1, period 4): versatile trailing stop, ideal compromise.
These trailing stop parameters are optimized by the automated backtesting strategy of our IRL indicator, which indicates precise reversal levels. To use them in this specific context, you need to be in timeframe m1. For more information on these levels, please see my profile!
The stop loss for each reversal corresponds to the last high/low of the last 4 candles. It's possible to display this value above or below the trade entry signal, which makes it easier to understand the practical application of the signals presented.
An option for displaying more information on trades executed once closed. When an exit signal is detected (stop loss OR trailing stop), the candle leading to the trade's closure is marked with a label, providing information on the trade's profit (expressed in R, risk ratio). A second piece of information, in brackets, is the drawup: this corresponds to the maximum unrealized PNL of the closed trade.
The size of these labels can be modified according to the trade's PNL, all managed by profitability thresholds in R (default: 8R, 4R, 1R).
these latest entry signal performance functions optimize the backtesting process and the identification of relevant reversal strategies, by reversing the methodology: "where are the biggest profits made over such and such a period, what were the signals of my studied strategy, ...". The drawup, for its part, will enable you to appreciate an entry during a volatile period, which can sometimes lead to substantial short-term gains, but which the trailing stop exit failed to capitalize on!
A second signal corresponds to an additional confirmation, generally later in the timing, and informed by candle coloring. Based on RSI convergence/divergence, and to be used as a possible complementary filter to entry signals. Independent and without impact on the entry and exit signals studied.
This indicator has been developed in synergy with our other published technical indicators for identifying reversal zones / reversal timings, and offers a guideline for those less experienced in frontrunning/counter-trending. AC should be the sinequa none for a reversal entry, and will enable you to appreciate the reversal setups studied!
AC proves to be an excellent ally in assisting counter-trend entry decisions. The signals come from two different sources, and are positioned almost identically in terms of the timing of entry into a trade on a trend change.
The first is RSI reintegration: simple, effective. The second is price action reintegration (identifies short-term support/resistance, a false break with counter-trend reinjection).
The duality of this entry system means you can be present on most local tops and bottoms without having an excessively high number of trade entries. The failure of the first entry can give a signal on the second (divergence, volatility...): use this complementarity to your advantage! If the first signal ends in a loss, wait for confirmation on the second signal.
The trailing stop system is activated as soon as an entry signal is detected, and if no entry signal is still active. The trade is closed when the candle closes above or below the trailing stop.
Two possible settings:
"passive": (multiply 5, period 8), least reactive trailing stop, willing to hold the trade
"balanced": (multiply 1, period 4): versatile trailing stop, ideal compromise.
These trailing stop parameters are optimized by the automated backtesting strategy of our IRL indicator, which indicates precise reversal levels. To use them in this specific context, you need to be in timeframe m1. For more information on these levels, please see my profile!
The stop loss for each reversal corresponds to the last high/low of the last 4 candles. It's possible to display this value above or below the trade entry signal, which makes it easier to understand the practical application of the signals presented.
An option for displaying more information on trades executed once closed. When an exit signal is detected (stop loss OR trailing stop), the candle leading to the trade's closure is marked with a label, providing information on the trade's profit (expressed in R, risk ratio). A second piece of information, in brackets, is the drawup: this corresponds to the maximum unrealized PNL of the closed trade.
The size of these labels can be modified according to the trade's PNL, all managed by profitability thresholds in R (default: 8R, 4R, 1R).
these latest entry signal performance functions optimize the backtesting process and the identification of relevant reversal strategies, by reversing the methodology: "where are the biggest profits made over such and such a period, what were the signals of my studied strategy, ...". The drawup, for its part, will enable you to appreciate an entry during a volatile period, which can sometimes lead to substantial short-term gains, but which the trailing stop exit failed to capitalize on!
A second signal corresponds to an additional confirmation, generally later in the timing, and informed by candle coloring. Based on RSI convergence/divergence, and to be used as a possible complementary filter to entry signals. Independent and without impact on the entry and exit signals studied.
This indicator has been developed in synergy with our other published technical indicators for identifying reversal zones / reversal timings, and offers a guideline for those less experienced in frontrunning/counter-trending. AC should be the sinequa none for a reversal entry, and will enable you to appreciate the reversal setups studied!
Release Notes
alerts addedRelease Notes
alerts added : SL/TP (from AC entries)Release Notes
Some errors fixed. Possiblity to change SL distance (high/low from xx last candles)Release Notes
add intersection modeRelease Notes
minor error fixRelease Notes
advanced risk management feature : live position sizing (5 symbols max).Some errors fix. Trailing stop can be modified.Invite-only script
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