CoinFlip Indicator + StrategyFlip a coin every Monday.
Heads, go long. Tail, go short. Stoploss at 1 ATR, and Take profit at 1 ATR too. 1:1 risk to reward ratio.
After backtesting 2018, 2019, and 2020 with 28 major currency pairs. We are getting close to a 50% win rate with an 8% standard deviation.
Believe it or not, this simple performs better than lots of the popular indicators out there.
Don't believe me? Test it out yourself!!
Use this as a baseline for your backtest and expose all your other crappy indicators :)
HOW TO USE:
As an indicator:
1. Use a daily chart
2. Green arrow below chart, go long, set a stop-loss at 1 x ATR, and take profit at 1 x ATR
3. Red arrow above chart, go short, set a stop-loss at 1 x ATR, and take profit at 1 x ATR
As an indicator:
1. In setting, set a year to test (default to 2020)
2. Go to the strategy tester and observe the stats
P.s. You can also set the period of the ATR to another value other than 14 periods.
Monkey
Swinging Karate Monkey Death Crossing TesterA evaluation copy of Swinging Karate Monkey Death Crossing PRO indicator
instructions can be found here
drive.google.com
if trading on bitmex, check this calculator
docs.google.com
-SUPER KARATE MONKEY SWINGNG ON THE BEACHsome ideas for swinging trading using any timeframe, suggested 1h, use the sand and water as an indicator for entry points and the moving average crossing with the price line as a mere suggestion to exit your trade (its far from perfect, but after a lot of trial and error, it seems the next best thing) or decide based on your TA
a Shoutout to TV coders @Some_guy and @redmond007 who gave me a couple great ideas for this and and another script i published today
-TEXAS KARATE MONKEY DEATH HOLD´EMthis is an updated version of the Swinging Karate monkey Death Crossing PRO, now it includes a tool for longer lasting Swing Trades
default upload of the indicator shows the regular previous indicator (placing the price line on top of the chart, you´ll have to manually reposition it, sorry newbie coder headaches ): )
on settings you have the option to activate the SwingZone, which will load and area signaling the Swing Zones on red or green for longs and shorts, which you should look for entry points and a white/red moving average, which crossings with the price line might be taken as an early exit signal (not perfect, but its best i could come up after a lot of trial and error), or you could use the stopcrossing line from the previous indicator :)
the Swing feature can be used on any timeframe, 1h its recomended
Happy Swing Trading
