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Actionzone

action zone - ATR stop reverse order strategy v0.1 by 9nckACTION ZONE-ATR MOD v0.1 DOCUMENTATION Overview This tradingview pine script strategy is mainly created to enrich my coding skill. It is a combination of “CDC-ACTIONZONE” and my personal studies of trading techniques in various sources e.g.book, course or blog. This strategy purposefully built to connect with my automatic trading bot. However, It will be very useful to aid your trading routine by diminishing mental distraction which possibly leads to bad trades. How does it work? This strategy will do a basic simple thing that most traders do by creating entry signals on both sides long/short and also set the stop loss. Furthermore, It will also reverse the order (from long to short and vice versa (if long/short conditions are met). Finally, it will recalculate the stop loss/take profit price in every complete bar to increase the chance of winning and limit our loss. Entry rules(Long/Short) If you have no open order, an order will be created when a fast EMA crosses(up(long)/down(short) the slow EMA(It’s as simple as that). If you have an open order, the current order will be (sold if long, covered if short) and the opposite side order will be created. Exit and Reverse rules(Long/Short) If fast EMA cross (DOWN(long), UP(short)), the current order will be closed, THE OPPOSITE SIDE ORDER WILL ALSO BE CREATED. Risk management FLEX STOP PRICE : initial value will be set at the bar which order created. It is a fast ema (+/-) MIDDLE ATR value. If MIDDLE ATR value rises, it will be our new stop price. If MIDDLE ATR value falls, stop price unchanged If Price OVERBOUGHT(long)/SOLD(short), LOW of that bar will be a new stop price. Minimum position hold period In order to eliminate risk of repeatedly open, close orders in sideway trends. Minimum hold period must be passed to start exit our position. However, It always respects stop loss prices. The value refers to the number of bars. MUST READ!!! This strategy uses only MARKET ORDER. If you trade with a bot, make sure you choose only enormous market cap tokens. This strategy is bi-direction strategy. It will work best in the DERIVATIVE market. It was initially designed to compete in the cryptocurrency market which has very high volume and volatility. I only use this strategy in 1HR (acceptable change rate, optimum trade frequency) How (should) we use it? Choose crypto future pairs (recommend only top 10-15 market volume pairs in Binance, let’s say 1000M+ trade value) Choose your time frame (1H is strongly recommended) Setup your portfolio profile (Setting->Properties) such as Initial cap, order size, commission. DO NOT USE CAL ON EVERY TICK IT WILL CAUSE REPAINTING AND YOUR CAPITAL IS BLEEDING !!! BACKTEST FIRST!! Back test is a combination of art, math and statis(and a bit of luck). You can apply to train and test methods or whatever you are familiar with. In my opinion, your test period should include UPTREND, SIDEWAY, DOWNTREND. Fine tune fast, slow ema first(my best ema length of 1H timeframe around 7-10, 17-22). Try to eliminate fault breakout trade and use other options only necessary. Hopefully we can use automatic optimization on Pine Script soon. Don’t forget to turn off using a specific backtest date option to start your strategy.A THIS IS NOT A PERFECT (OR EVEN PROFITABLE) STRATEGY. USE AT YOUR OWN RISK AND TRADE RESPONSIBLY. DYOR DUDE.
Pine Script™ strategy
by fenirlix
8
inwCoin ActionZone Risk% Strategy========================= English ========================= CDC Action Zone strategy with improved exit logic Buy = Candle turn from blue to green Sell = Price close below EMA 18 * Action Zone is just way to put MACD on chart for easily read Original entry/exit logic is Green = Buy Red = Sell Working great for BTC TF Daily. ========================== Thai ========================== "เทรดไรบ่อยๆ ปีนึงเทรดครั้งสองครั้งก็พอแล้ว -- มาเทรดเอาตัง ไม่ได้เอาเท่" คำพูดสุดคลาสสิคของคุณลุงโฉลก ซึ่งเมื่อท่านเทรดไปบ่อยๆ ก็พบว่า ... เออ จริงของแก เทรดไรบ่อยวะ นั่งทับมือ กันเฉยๆ น่ะเป็นไหม ตัวนี้ผมเอา Action Zone เดิม มาปรับปรุง ให้เราสามารถเลือก Risk % ได้ จากเดิมที่เป็นการเข้าแบบทั้งก้อน ตอนนี้ก็ให้เข้าแบบ vary ได้แทน
Pine Script™ strategy
by Real_inwCoin