SSL + Wavetrend (7 indicators) by TradeSmart

Hello everyone! This script is implementing a strategy that uses 7 indicators: SSL, Wavetrend, SSL Hybrid, Keltner Channel, EMA, Candle Height and ATR. This is the 2nd best strategy that we have tested so far (based on the 100 backtests).

STRATEGY ENTRY RULES
Long entry: go long if SSL Hybrid is blue (between last candle and entry candle) and SSL Channel crosses up (green SSL line is on the top) and Wave Trend prints green dot (candle color turns yellow) and entry Candle Height is not higher than 0.6 and entry candle is inside the Keltner Channel and price target does not hit the 200 EMA.

Short entry: go short if SSL Hybrid is pink (between last candle and entry candle) and SSL Channel crosses down (red SSL line is on the top) and Wave Trend prints red dot (candle color turns blue) and entry Candle Height is not higher than 0.6 and entry candle is inside the Keltner Channel and price target does not hit the 200 EMA.

EXIT STRATEGY
The strategy will exit based on a set ATR value. Take profit and stop loss levels can be changed with risk/reward settings.

CHANGEABLE SETTINGS

• Wave Trend: Channel Length, Average Length, Wave Trend Limit High, Wave Trend Limit Low
  
• SSL: Period
  
• SSL Hybrid: SSL1 / Baseline Type, SSL1 / Baseline Length, Base Channel Multiplier
  
• Target Price Limit: can set 6 different limiters for long and short entries
  
• Candle Height Limit: Limit based on, Candle Limit High, Candle Limit Low
  
• Keltner Channel: Limit range long, Limit range short, Length, Multiplier, Source, Use Exponential MA, Bands Style, ATR Length
  
• Exit strategy: ATR Length, ATR Smoothing, Stop Loss Multiplier (risk), Exit Price Multiplier (reward)
  
• Setups: Capital Percentage, Risk Percentage, Allow Long Entries, Allow Short Entries
  
• Date Range: Limit Between Dates, Start Date, End Date
  
• Trading Time: Valid Trading Days
  

FIRST RELEASE SETTINGS FOR ALGOUSDT 30 M (3/19/2022)

• Wave Trend: Channel Length = 11, Average Length = 19, Wave Trend Limit High = 27, Wave Trend Limit Low = -48
  
• SSL: Period = 10
  
• SSL Hybrid: SSL1 / Baseline Type = EMA, SSL1 / Baseline Length = 36, Base Channel Multiplier = 0.21
  
• Target Price Limit: can set 6 different limiters for long and short entries: all false
  
• Candle Height Limit: Limit based on: Candle Body (open/close), Candle Limit High = disabled, Candle Limit Low = enabled, 0.32
  
• Keltner Channel: Limit range long = enabled, Full range, Limit range short = enabled, Full range, Length = 3, Multiplier = 1, Source = close, Use Exponential MA = enabled, Bands Style = Average True Range, ATR Length = 11
  
• Exit strategy: ATR Length = 14, ATR Smoothing = EMA, Stop Loss Multiplier (risk) = 1.9, Exit Price Multiplier (reward) = 2
  
• Setups: Capital Percentage = disabled, Risk Percentage = enabled, 1, Allow Long Entries = enabled, Allow Short Entries = enabled
  
• Date Range: Limit Between Dates = disabled, Start Date, End Date
  
• Trading Time: Valid Trading Days = 1234567
  

Hope you like this strategy, feel free to check all of our scripts. Thank you for your support!

Информация о релизе:

• changed Exit Strategy to have options: Base Risk Multiplier, Risk to Reward Ratio
  
• added feature to enable/disable SSL Hybrid