What is the Trend Breakout high/low #1? This script uses the high/low of each fixed time period as a conditional judgment, and when the high/low is broken as a buy/sell signal, trying to capture a trend.
How to use this script? Start date and Stop date: You can choose the date of the test. Trading cycle: Selected time period is used as the basis for determining the high/low and is limited to one trade only. Stop range: This value will calculate the stop loss range. Set 50-100 that is better Fixed mode: Fixed of lots per transaction. ---Additional Functions--- Reversal mode: Reversing the buy and sell signals, may be useful in certain situations. Wighted mode: Increased profitability under certain conditions When win & When lose:Judgment when there is an ongoing loss/profit as a condition, may be useful in certain situations. Use closing price: Use the closing price breakout high/low as a conditional judgment, but this function sometimes fails.
Notes: Trading cycle and your chart time period can't be set too close,that will result repainting. Stop range can't be set too small,that will result repainting either.
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V2 Remove - Wighted mode Remove - When win & When lose mode Add - SMA long mode
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V3 Remove - reversal mode Fix - repaint, but it just used the close price. It's Pine script restriction, can't have it both ways. Add - SMA swich mode .It's filter Add - SMA2. Used to takeprofit
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- development - If you want to make money, you can choose to use "Trend #2 - BB+EMA", That's free and I'm using it. If you want to make more money, send me a message,"Trend #3" development completed, I will show you about that.
Thanks for the script. I am currently backtesting the strategy. Can also you provide it as an indicator with plotted signals instead of strategy ? So that I can create Trading view alerts for Entry Long , Entry Short, Exit Long, Exit Short.
Thanks for the script. I am currently backtesting the strategy. Can also you provide it as an indicator with plotted signals instead of strategy ? So that I can create Trading view alerts for Entry Long , Entry Short, Exit Long, Exit Short.
Thank you.