[DuDu95] SSL 4C MACD Laugerre RSI StrategyHello Guys! Nice to meet you all!
Before I start, my nickname has changed to 'DuDu95'!!
This is the Strategy introduced by youtube channel.
I made this based on the open source indicator by kevinmck100, vkno422, KivancOzbilgic. Thank you All!
### Entry Logic
1. Long Entry Logic
- close > SSL Hybrid baseline upper k (keltner channel)
- macd signal > 0 and current MACD value > previous MACD value
- Laguerre RSI < overbought Line.
2. short Entry Logic
- close < SSL Hybrid baseline lower k (keltner channel)
- macd signal < 0 and current MACD value < previous MACD value
- Laguerre RSI > overbought Line.
### Exit Logic
1. Long Exit Logic
- close < SSL Hybrid baseline lower k (keltner channel)
- macd signal < 0
2. short Entry Logic
- close > SSL Hybrid baseline upper k (keltner channel)
- macd signal > 0
### StopLoss
1. Can Choose Stop Loss Type: Percent, ATR, Previous Low / High.
2. Can Chosse inputs of each Stop Loss Type.
### Take Profit
1. Can set Risk Reward Ratio for Take Profit.
- To simplify backtest, I erased all other options except RR Ratio.
- You can add Take Profit Logic by adding options in the code.
2. Can set Take Profit Quantity.
### Risk Manangement
1. Can choose whether to use Risk Manangement Logic.
- This controls the Quantity of the Entry.
- e.g. If you want to take 3% risk per trade and stop loss price is 6% below the long entry price,
then 50% of your equity will be used for trade.
2. Can choose How much risk you would take per trade.
### Plot
1. Added Labels to check the data of entry / exit positions.
2. Changed and Added color different from the original one. (green: #02732A, red: #D92332, yellow: #F2E313)
Sslchannel
SSL + Wave Trend StrategyStrategy incorporates the following features:
Risk management:
Configurable X% loss per stop loss
Configurable R:R ratio
Trade entry:
Based on strategy conditions below
Trade exit:
Based on strategy conditions below
Backtesting:
Configurable backtesting range by date
Trade drawings:
Each entry condition indicator can be turned on and off
TP/SL boxes drawn for all trades. Can be turned on and off
Trade exit information labels. Can be turned on and off
NOTE: Trade drawings will only be applicable when using overlay strategies
Alerting:
Alerts on LONG and SHORT trade entries
Debugging:
Includes section with useful debugging techniques
Strategy conditions
Trade entry:
LONG
C1: SSL Hybrid baseline is BLUE
C2: SSL Channel crosses up (green above red)
C3: Wave Trend crosses up (represented by pink candle body)
C4: Entry candle height is not greater than configured threshold
C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration)
C6: Take Profit target does not touch EMA (represents resistance)
SHORT
C1: SSL Hybrid baseline is RED
C2: SSL Channel crosses down (red above green)
C3: Wave Trend crosses down (represented by orange candle body)
C4: Entry candle height is not greater than configured threshold
C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration)
C6: Take Profit target does not touch EMA (represents support)
Trade exit:
Stop Loss: Size configurable with NNFX ATR multiplier
Take Profit: Calculated from Stop Loss using R:R ratio
Credits
Strategy is based on the YouTube video "This Unique Strategy Made 47% Profit in 2.5 Months " by TradeSmart.
It combines the following indicators to determine trade entry/exit conditions:
Wave Trend: Indicator: WaveTrend Oscillator by @LazyBear
SSL Channel: SSL channel by @ErwinBeckers
SSL Hybrid: SSL Hybrid by @Mihkel00
Keltner Channels: Keltner Channels Bands by @ceyhun
Candle Height: Candle Height in Percentage - Columns by @FreeReveller
NNFX ATR: NNFX ATR by @sueun123
Oscillating SSL Channel Strategy - 3m & 5m Time FramesThis script is pretty self-explanatory. I will suggest trying some different exits to get that win rate above 20% (I'd start with Take Profit and Stop Loss percentages).
Enjoy!
SSL Chaikin BF 🚀Combined my earlier SSL Channel script with the Chaikin Money Flow indicator.
Link to the SSL Channel script here:
INSTRUCTIONS
Look at the background, the signals are represented by the colors.
Bright green = long signal from SSL Channel
Bright blue = long signal from Chaikin Money Flow
Bright red = short signal from SSL Channel
Bright orange = short signal from Chaikin Money Flow
Green = we should be in a long from one of the signals - ok to enter back in if we get stopped out and still green
Red = we should be in a short from one of the signals - ok to enter back in if we get stopped out and still red
White = no trade
SIGNAL GENERATION
The SSL calculation prints a channel on the chart consisting of 2 lines.
This strategy gives a Long signal when price closes above the top of these 2 lines and a Short signal when it closes below the bottom.
A long signal occurs when EITHER we get an SSL long cross OR the Chaikin MF crosses above the upper threshold.
A short signal occurs when EITHER we get an SSL short cross OR the Chaikin MF crosses below the lower threshold (see settings to adjust upper and lower threshold).
STOP LOSS AND RE-ENTRY
We use a fixed stop loss of 2%
If we get stopped out but we still have the conditions for our trade (i.e. we get stopped out of a long but the next candle still shows a long condition after closing) then we re-enter.
Note: The SSL signals are generated on a cross of the price and the channels but there is still an active long signal as long as price stays above the upper band, same for below the lower band for short. Similarly, the Chaikin signal occurs as long as the Chaikin line is above the upper threshold (or below the lower threshold if short).
Tested and optimised for XBT/USD on Bitmex.
CoG SSL BF 🚀In this strategy I combine my Center of Gravity script with my SSL Channel script.
The conditions for a long signal are if either:
Center of Gravity long is satisfied
Or
SSL Channel long is satisfied AND we are not in a sideways period.
The conditions for a short signal are if either:
Center of Gravity short is satisfied
Or
SSL Channel short is satisfied AND we are not in a sideways period.
We use a dynamic stop loss based on ATR to determine optimum stop loss levels. These levels are printed on the chart in yellow and orange.
INSTRUCTIONS
Bright green background = go long
Bright red background = go short
Yellow dotted line = long stop loss
Orange dotted line = short stop loss
On the chart, the 2 outer lines are the Center of Gravity lines and the filled channel in the middle is the SSL channel.
If the channel is white, this is a no trade zone, unless either Center of Gravity long/short signal is satisfied.
If we get stopped out from a long and we still have a long condition present, we re-enter. Same for short.
SSL Channel BFSSL Channel Close is a great all-rounder based on 2 Simple Moving Averages, one of recent Highs, one of recent Lows.
The calculation prints a channel on the chart consisting of 2 lines.
This strategy gives a Long signal when price closes above the top of these 2 lines and a Short signal when it closes below the bottom.
Trading in choppy sideways markets can compound losses so we avoid that here by using recent ATR to determine relative volatility and refrain from trading when the background is White.
We use a basic 3% stop loss.
Charted on XBT/USD Bitmex Daily chart.
INSTRUCTIONS
Green = long
Red = short
White Background= No trade
The way I have set this strategy up is that if we get stopped out but we are still in a green or red background, we re-enter. Closing the trade only occurs on an opposing signal or if we get stopped out.
