1st indicator is a trend indicator, which consists of SMA and EMA 2nd is Keltner Channel 3rd is DM indicator.
The conditions for the entry of this strategy are following:
First of all the assets need to be in an upward trend, this will occur when the EMA will cross SMA. The next condition for the entry is the opening and the closure of the candle. The open price of the candle should be in the upper part of the Keltner Channel and the close price should be above the Keltner channel. The third condition for the DM indicator is to be above a certain benchmakr. This benchmark can be set in the settings of the strategy.
The strategy has two potential Take Profit levels and single stop-loss levels. For the more efficient way you may try an use the trailing stop or extend the number of take-profit levels.
Hello, thank you for such a nice indicator. Wondering if it does repaint? I guess so, I don't see any security function. Thanks!
Trade_ND
⋅
Buy & Hold Return: $ 22583.86, 2258.39 %
Much better just buy and hold
spdoinkal
⋅
@NikitaDoronin, your assumption about Buy and Hold implies that someone knows both when to buy, how long to hold for and when to sell... it's heavily dependent on timeframe.
Example: a 1 year backtest of Buy and Hold taken on May 19th would result in a big % gain... Alternatively a 1 month backtest of Buy and Hold taken on the same day (May 19th) would have result a big % loss.
Another example... Anyone who on April 13th decided to buy and hold BTC (or most other cryptos) are still regretting their decision today, but might not be in a month or a year, who knows.
Buy and hold isn't a strategy in itself, unless you use a strategy to enter and exit, there is no guarantee (or even indication) what results B & H will produce. Whereas using a strategy like this (which is quite a good one by the way), will give an indication of potential gains over a period of time.
in short, don't be so quick to dismiss because one number is bigger than the other.
LucF
⋅
@spdoinkal, Exactly. Traders tend to forget that "Buy & Hold" entails actually buying at the beginning, which rarely happens ) The "Buy & Hold" metric also conveniently ignores drawdowns, which no sound strategy can ignore. And finally, "Buy & Hold" assumes the trader has the stamina to hold, which is probably uncommon.
bright_infinite
⋅
@LucF, not to mention people that want to buy and hold are likely not people who want to trade. " man i fkn LOVE trading. let me buy this thing with all my money and hold onto it for x years!"
zzzman68
⋅
Hi, Good Day. great indicator. Plz is there any alternative way I can scan via screener when price crosses the "UPPER YELLOW" line of this indicator? That is for example, a moving average indicator cross criterion that matches when price crosses the "Upper YELLOW" line of your indicator.
zzzman68
⋅
Please can you tell me what moving average the UPPER LINE is made of?
Bgeezy
⋅
Thanks for sharing. Any chance you can share your script settings? I am getting different results.